Hong Kong Times

Hong Kong Businesses Seek Energy Relief as Rising Power Surcharges Squeeze Small Firms

Small and medium-sized businesses are calling for targeted energy subsidies and consumption vouchers as higher electricity fuel surcharges put pressure on retail and catering operators and complicate efforts to revive domestic spending.

Hong Kong Aircraft Engineering and China Aircraft Leasing to Build Aviation Maintenance Hub

Hong Kong Aircraft Engineering Company and China Aircraft Leasing Group have agreed to develop an advanced aircraft maintenance and engineering hub, expanding servicing capacity at Hong Kong International Airport as demand for fleet main...

Hong Kong Exchanges and Clearing Posts Record Half-Year Profit as Trading Volumes Surge

Hong Kong Exchanges and Clearing reported record first-half results, with revenue rising 19 percent to HK$16.7 billion and shareholder profit increasing 24 percent as derivatives activity and Southbound Stock Connect trading strengthened.

Alibaba Launches HK$80 Billion Share Placement to Fund Artificial Intelligence Infrastructure

Alibaba has begun an HK$80 billion share placement in Hong Kong to raise funds for computing infrastructure, highlighting the city’s role in financing major technology investments by mainland Chinese companies.

Hong Kong Secondary Home Prices Reach Three-Year High as Speculative Flipping Declines

Secondary residential property prices in Hong Kong have climbed to their highest level in three years even as short-term property flipping has fallen 50 percent from March, with market activity increasingly attributed to end users and ex...

Hong Kong to Revamp Senior Secondary Science and Mathematics Curriculum From 2029

The Education Bureau plans major changes to senior secondary science and mathematics courses from the 2029 academic year, aiming to encourage more students to pursue science and technology and strengthen the talent pipeline for an artifi...

Hong Kong Business Groups Call for More Mainland Engineers to Ease Technology and Infrastructure Labor Shortages

Industry leaders and academics are urging the government to expand access for mainland Chinese engineering talent as workforce shortages threaten to slow major infrastructure and technology projects, including development of the Northern...

Hong Kong Goods Exports Jump 50.7 Percent in July on Artificial Intelligence Hardware Demand

Hong Kong’s total merchandise exports rose 50.7 percent year on year to HK$672.5 billion in July, with strong demand for artificial intelligence hardware and electronic components providing a major boost to trade.

John Lee to Unveil Hong Kong’s First Five-Year Plan With Annual Policy Address on September 16

Hong Kong Chief Executive John Lee will release the government’s annual Policy Address alongside the city’s first official five-year plan, linking near-term policies with longer-term development goals for technology and the Greater Bay A...

Alibaba Sells Gaming Business to Trustar Capital to Focus on Artificial Intelligence

Alibaba has agreed to sell its non-core video game operations to private equity firm Trustar Capital, following a similar move by ByteDance as Chinese technology companies redirect resources toward artificial intelligence computing and i...

China Sets 2026–2030 Priorities for Sixth-Generation Networks and Embodied Artificial Intelligence

The Ministry of Industry and Information Technology has outlined technology priorities including next-generation communications, embodied artificial intelligence, brain-computer interfaces and nearly 200 artificial intelligence governanc...

China Signals More Economic Support to Bolster Domestic Demand

The National Development and Reform Commission said China would introduce incremental measures and maintain an accommodative monetary stance to stabilize domestic demand and support the transition into the next Five-Year Plan.

Chinese Regulators Block Meta’s $2 Billion Manus Acquisition as Tencent Steps In

Chinese regulators intervened to unwind Meta’s proposed $2 billion acquisition of artificial intelligence agent developer Manus, with Manus subsequently securing domestic investment from Tencent to keep sensitive algorithms within China.

LandSpace Lands Reusable Zhuque-3 Booster in Milestone for China’s Commercial Space Industry

Chinese aerospace company LandSpace has successfully recovered a Zhuque-3 booster after a vertical landing, marking a major step for reusable launch technology as the country’s commercial satellite industry attracts new capital.

Electric Vehicle Demand Drives Recovery in China’s Power Semiconductor Sector

Strong domestic demand for electric vehicle components is lifting China’s power semiconductor industry, with companies including China Resources Microelectronics reporting sharp first-half profit gains as factories run at high utilizatio...

DeepSeek Raises API Prices After V4-Pro Launch as China’s Artificial Intelligence Sector Shifts Toward Monetization

Chinese artificial intelligence developer DeepSeek has launched its V4-Pro model and raised application programming interface prices by more than 1,000 percent, signaling a move away from aggressive price competition toward more sustaina...

China Rejects US Sanctions on Companies Trading With Iran

China’s Foreign Ministry has condemned recent US financial penalties against Chinese companies involved in trade with Iran, rejecting Washington’s extraterritorial jurisdiction and pledging to protect Chinese business interests.

People’s Bank of China Injects Up to 600 Billion Yuan in Overnight Liquidity Operations

The People’s Bank of China has launched consecutive overnight reverse repurchase operations of up to 600 billion yuan to smooth short-term market fluctuations and ease financing conditions for financial institutions.

China Orders Semiconductor Foundries to Source Half of Equipment Domestically

Chinese regulators have directed domestic semiconductor fabs to source at least 50 percent of manufacturing equipment from local suppliers, accelerating Beijing’s push to build a self-reliant chip supply chain and putting pressure on for...

Hong Kong Approves Eco-Tourism Redevelopment of Former Lamma Island Quarry

The government has approved plans to transform the former Lamma Island quarry into a large recreational and eco-tourism destination as Hong Kong seeks to broaden its visitor attractions beyond traditional retail and urban sightseeing.

University of Hong Kong to Use Northern Metropolis Campus for Industry Collaboration

The University of Hong Kong plans to make its new Northern Metropolis campus a major platform for deep-tech research partnerships, linking academic work with commercial manufacturing and supporting the city’s efforts to attract technolog...

Hong Kong Power Suppliers to Raise Fuel Charges in September

Hong Kong’s major electricity providers will increase fuel charges in September, adding to costs for households and businesses as the city faces continued exposure to fluctuations in imported energy prices.

Fourth Major Chinese AI Chipmaker Files for Hong Kong IPO

Another major mainland Chinese graphics processing unit developer has filed for a Hong Kong initial public offering, adding to a growing pipeline of artificial intelligence chip companies turning to the city’s capital markets to finance ...

Hong Kong Updates Transport Rules to Prepare for Commercial Autonomous Driving

Hong Kong has finalized changes to its transport regulations to accommodate commercial automated driving, creating a legal framework intended to support autonomous vehicles and smart mobility technologies on the city’s roads.

Hong Kong Polytechnic University and Alibaba Partner on Generative AI Design Education

Hong Kong Polytechnic University, Alibaba International Design and the Hong Kong Designers Association have signed an agreement to develop training in generative artificial intelligence for creative industries, with the partners seeking ...

Shein Sets September 1 Hong Kong IPO at $27 Billion Valuation

Fast-fashion retailer Shein will begin trading on the Hong Kong Exchanges and Clearing on September 1 at a valuation of twenty-seven billion dollars, following regulatory obstacles in New York and London and setting up one of the city’s ...

Alibaba Launches HK$80 Billion Share Placement in Major Hong Kong Fundraising

Alibaba Group has begun an eighty-billion-Hong Kong-dollar share placement, testing renewed institutional demand for large Chinese technology companies and demonstrating Hong Kong’s ability to absorb substantial equity-market fundraising.

Hong Kong Merchandise Exports Jump More Than 50 Percent in July as Electronics Demand Recovers

Hong Kong’s outbound shipments surged more than fifty percent year on year in July, far exceeding market expectations as electronics demand strengthened and regional supply chains benefited from renewed global demand for artificial intel...

Hong Kong to Release Five-Year Economic Strategy on September 16

Chief Executive John Lee’s government will publish a medium-term strategic plan alongside the annual Policy Address on September 16 after public consultations and district visits, with economic diversification, Greater Bay Area integrati...

China’s Central Bank Unveils Five-Year Financial Reform Plan Focused on Cross-Border Payments

The People’s Bank of China has released its 2026-to-2030 financial development plan, prioritizing wider use of the Cross-Border Interbank Payment System and offshore renminbi markets as Beijing seeks greater financial openness and a stro...

China’s Youth Unemployment Rises to 17.9 Percent as Graduate Job Market Weakens

The official unemployment rate for people aged sixteen to twenty-four who are not studying rose to seventeen point nine percent in July, a three-year high, highlighting growing pressure on China’s labor market as record numbers of gradua...

China Tightens Oversight of Outbound Investment With New Reporting Rules

The National Development and Reform Commission has drafted rules that would remove the previous three-hundred-million-dollar reporting threshold for overseas reinvestment, expanding regulatory scrutiny of outbound capital as Beijing seek...

LandSpace Achieves China’s First Successful Orbital Rocket Booster Recovery

Commercial aerospace company LandSpace successfully landed the booster stage of its methane-oxygen Zhuque-3 rocket vertically in the Gobi Desert after its second test flight, marking China’s first successful recovery of an orbital rocket...

China’s Property Slump Deepens as Court-Auctioned Homes Surge 42.7 Percent

The number of residential properties offered through court auctions rose forty-two point seven percent year on year in the first seven months of 2026, adding discounted homes to an already weak market and reinforcing cautious buying beha...

China Signals Targeted Economic Support Rather Than Broad Stimulus as Growth Slows

People’s Daily commentaries have defended China’s four point seven percent first-half growth rate while warning against heavy reliance on debt, reinforcing expectations that Beijing will favor targeted measures over a large-scale stimulu...

China Accelerates 800 Billion Yuan Financing Tool for AI and Advanced Manufacturing

The State Council and National Development and Reform Commission are deploying an eight-hundred-billion-yuan financing tool aimed at digital economy, artificial intelligence and advanced manufacturing projects, with eligible small and me...

Hongkong Post to End Permanent Employment Contracts as Financial Losses Mount

Hongkong Post will phase out permanent employment contracts in favor of more flexible hiring arrangements as the statutory body faces rising operating deficits and continued declines in traditional mail volumes.

Chinese University of Hong Kong Performs City’s First Robot-Assisted Pelvic Surgery

Researchers at the Chinese University of Hong Kong have completed the city’s first robot-assisted pelvic fracture surgery, using a minimally invasive approach intended to improve treatment as the population ages.

Kai Tak Sports Park to Host Asia’s Largest Professional Pickleball Tournament

Kai Tak Sports Park will host what organizers describe as Asia’s largest professional pickleball tournament in October, featuring a US$1.1 million prize pool and attracting a major international sporting event to the new venue.

MTR Manager Loses HK$74 Million in Fraudulent Green Bond Investment Scheme

Hong Kong police are investigating a syndicate accused of defrauding a senior MTR Corporation manager of HK$74 million through a fake green bond investment scheme involving people posing as British banking executives.

Hong Kong Overhauls Senior Secondary Science Curriculum to Strengthen Technology Talent

Hong Kong’s Education Bureau plans a major revision of the senior secondary science curriculum, with the changes aimed at encouraging more students to pursue STEM subjects and supporting the city’s long-term technology ambitions.

Alibaba Launches HK$80 Billion Hong Kong Share Placement to Fund AI Expansion

Alibaba has begun an approximately HK$80 billion follow-on share offering in Hong Kong, its first new equity placement since its secondary listing, as the technology group raises funds for artificial intelligence infrastructure.

Hong Kong Exchange Extends IPO Application Window to Clear Backlog of About Five Hundred Listings

Hong Kong Exchanges and Clearing has extended the validity period for listing applications by twelve months as the exchange works through a backlog of roughly five hundred prospective initial public offerings.

Hong Kong Gold Futures Deliveries Reach Record Levels Amid Shifting Global Capital Flows

Physical deliveries of gold futures on the Hong Kong exchange have more than doubled previous records, highlighting the city’s growing role in gold trading as sanctions and changing global trade patterns reshape international asset flows.

Hong Kong Luxury Rents Forecast to Rise Five Percent as Expatriate Demand Strengthens

JLL expects luxury residential rents in Hong Kong to increase by at least five percent this year as international and mainland Chinese professionals increase demand for high-end homes in established districts.

HKG Times