Hong Kong Times

Hong Kong Introduces Anti-Abuse Rules in Updated Investment Fund Tax Framework

While expanding tax incentives for funds and family offices, Hong Kong regulators have imposed new ownership tests to prevent financial institutions from using fund structures to disguise taxable lending activities and preserve the integ...

Hong Kong Launches Tax Overhaul to Attract Family Offices and Private Credit Funds

The Hong Kong government has introduced legislation expanding tax exemptions for investment funds and family-owned investment vehicles, broadening qualifying investments and easing eligibility requirements to attract global wealth manage...

Hong Kong Exchanges Raises More Than HK$25 Billion Through Specialist Technology Listings

Hong Kong Exchanges and Clearing said ten specialist technology companies have listed under its Chapter 18C regime this year, raising more than HK$25 billion and highlighting growing demand for deep-tech fundraising in the city.

Hong Kong Mortgage Corporation Prices Record HK$12 Billion Digital Bond

The Hong Kong Mortgage Corporation has completed the world's largest digital bond issuance, raising the equivalent of HK$12 billion through distributed ledger technology and reinforcing the city's ambitions to become a leading center for...

Hong Kong Exchange Fund Foreign Assets Rise to HK$3.68 Trillion

The Hong Kong Monetary Authority reported that the Exchange Fund's foreign assets increased by HK$26.8 billion to HK$3.681 trillion, strengthening liquidity conditions and supporting the resilience of the Linked Exchange Rate System.

China Issues New Regulations Governing Autonomous Artificial Intelligence Systems

The Cyberspace Administration of China and other regulators have introduced rules requiring interoperability standards for artificial intelligence systems in sectors such as healthcare and transport while banning algorithms designed to e...

Chinese Carmakers Accelerate European Production Plans to Offset EU Electric Vehicle Tariffs

BYD plans to begin production at its new factory in Hungary later this year, while SAIC Motor is investing more than €200 million in a plant in Spain as Chinese manufacturers increasingly localize production inside Europe to navigate hig...

China's Provincial Governments Pursue Renewable Expansion While Preserving Fossil Fuel Output

All 31 provincial-level administrations have committed to expanding renewable energy capacity and peaking carbon emissions before the end of the decade, yet 17 provinces also plan to increase coal and oil production to maintain energy se...

China's Existing Home Prices Continue to Fall as Central Bank Holds Interest Rates Steady

Data from the National Bureau of Statistics showed secondary home prices in major cities including Beijing fell more than 9% in real terms during the first quarter, while the People's Bank of China kept benchmark rates unchanged despite ...

Chinese Military Monitors Dutch Warship in Taiwan Strait Amid Reports of New South China Sea Construction

The People's Liberation Army said it tracked a Dutch naval vessel transiting the Taiwan Strait and accused it of trespassing near the Paracel Islands, as reports emerged of new construction activity around the disputed Scarborough Shoal.

People's Bank of China Sets Stronger Yuan Fixing to Support Currency Stability

China's central bank fixed the renminbi midpoint at 6.8109 against the US dollar, slightly strengthening the currency as authorities continue to manage depreciation pressures and maintain exchange-rate stability for exporters.

China's Gig Economy Loses Momentum as Blue-Collar Employment Growth Slows

New labour data indicate that the expansion of China's gig economy has cooled, with declining numbers of ride-hailing and trucking drivers suggesting softer domestic demand and increasing saturation in informal logistics sectors.

China Punishes Companies for Illegal Exports of Rare Earths and Critical Minerals

Regulators have penalized at least eleven companies, including a subsidiary of JA Solar, for shipping restricted graphite products and critical minerals overseas without licenses, underscoring Beijing's tighter control over strategically...

Chinese Stock Indices Shift Toward Semiconductor and Artificial Intelligence Companies

The Shanghai and Shenzhen stock exchanges have completed a major rebalancing of key benchmark indices, increasing the weighting of domestic chipmakers and artificial intelligence hardware firms and prompting substantial passive investmen...

0China Introduces Outbound Investment Security Rules With Powers to Impose Counter-Sanctions

Premier Li Qiang has signed China's first comprehensive outbound investment security review framework, which takes effect on July 1 and links export controls with overseas investment while authorizing retaliatory measures against governm...

Chinese Technology Firms Line Up for Hong Kong Listings as IPO Market Rebounds

Mainland companies including EngineAI and Dreame Technology are preparing initial public offerings in Hong Kong, reflecting improving liquidity and renewed investor demand in the city's capital markets.

Hong Kong Income Tax Revenue Rises 12% as Public Finances Strengthen

Government figures showed income tax collections increased 12% from a year earlier, providing additional fiscal support as authorities fund major long-term projects including the Northern Metropolis development.

Hong Kong Moves to Reassure Businesses Over New Security Regulations

Officials said recently enacted security measures are intended for limited and targeted use, seeking to reassure multinational companies that normal business activity and cross-border data flows will not be disrupted.

Hong Kong and Cyprus Sign Double Taxation Agreement to Boost Trade Links

Financial Services and Treasury Secretary Christopher Hui Ching-yu signed a comprehensive tax agreement with Cyprus aimed at reducing tax burdens on cross-border business and expanding Hong Kong's international economic network.

SpaceX Added to Hang Seng Hong Kong-US Technology Index Following Landmark IPO

Hang Seng Indexes Company has included SpaceX in the U.S.-listed component of its Hang Seng HK-US TECH Index after the aerospace company's record-breaking $75 billion public offering.

Hong Kong Customs Seize HK$156 Million in Counterfeit World Cup Merchandise

Customs authorities arrested six people and confiscated more than HK$156 million worth of fake sporting goods in a major operation targeting counterfeit products ahead of the 2026 FIFA World Cup.

Hong Kong Investors Back Emerging Technology Hub in Kazakhstan

Business groups and technology investors from Hong Kong are increasing support for a new technology hub in Kazakhstan, expanding commercial ties with Central Asia and strengthening links along Belt and Road trade corridors.

International Transit Planners Study Hong Kong's Rail-Property Development Model

Urban development officials, including planners from Johannesburg, are examining Hong Kong's Mass Transit Railway financing approach as a potential template for funding large-scale transport infrastructure projects.

Hong Kong Smoking Rate Falls to Record Low of 8.5%

Health authorities said adult smoking prevalence has declined to a historic low of 8.5% following sustained public health campaigns and expanded smoke-free measures, supporting the city's long-term tobacco reduction goals.

Hong Kong Economy Posts Strongest Growth in Nearly Five Years on AI Export Demand

Official data showed Hong Kong's economy expanded 5.9% year-on-year in the first quarter, its strongest performance in almost five years, as rising global demand for artificial intelligence-related electronics helped drive a 23% surge in...

Hong Kong Mortgage Corporation Launches Record HK$12 Billion Digital Bond

The Hong Kong Mortgage Corporation completed a HK$12 billion equivalent digital bond issuance through the Central Moneymarkets Unit platform, setting a new benchmark for the largest public-sector digital bond transaction to date.

Shanghai Technology Fair Showcases Advances in Humanoid Robotics and Industrial AI

The 12th China International Technology Fair opened in Shanghai with a strong focus on domestic robotics, artificial intelligence integration and supply-chain localization, underscoring efforts to strengthen technological self-reliance i...

China Unveils New Five-Year Human Rights Action Plan Focused on Development Goals

Released at the Forum on Global Human Rights Governance in Beijing, the 2026–2030 National Human Rights Action Plan emphasizes economic, social and cultural rights while highlighting technological development and poverty reduction as cen...

Long March-5 Rocket Launches Advanced Communications Technology Satellite

China successfully launched a communications technology test satellite from the Wenchang Space Launch Site in Hainan, marking another step in the expansion of the country's space and telecommunications capabilities.

China Tightens Oversight of Overseas Investments in Artificial Intelligence and Critical Technologies

New regulations taking effect on July 1 will incorporate export controls and national security reviews into outbound investment decisions, giving authorities broader powers to scrutinize or unwind deals involving sensitive technologies a...

Nvidia Unveils New AI Processor Strategy for the Chinese Enterprise Market

Facing expanding United States export restrictions, Nvidia is promoting a dedicated Vera central processing unit tailored for agentic artificial intelligence workloads as it seeks to maintain its position in China's data center sector.

China Credit Growth Misses Expectations as Property Slump Weighs on Household Borrowing

New yuan loans totaled just 520 billion yuan in May, falling well short of analyst forecasts and highlighting persistent weakness in consumer demand as households continue to reduce debt amid the prolonged real estate downturn.

Electric and Hybrid Vehicles Capture Two-Thirds of China's New Car Market

The China Passenger Car Association reported that electric and plug-in hybrid models accounted for a record 66.7% of new vehicle sales in early June, reflecting continued growth in electrified transport and ongoing consolidation across t...

Xi Jinping Concludes Pyongyang Visit With Pledge to Support North Korean Security Interests

During his first overseas trip of the year, President Xi Jinping reaffirmed support for North Korea's sovereignty and security, a diplomatic message that analysts view as a notable shift from earlier emphasis on denuclearization.

China Extends Gold Buying Streak to Nineteen Consecutive Months

The People's Bank of China has increased its gold reserves beyond 2,330 tonnes, continuing a long-running diversification strategy aimed at reducing reliance on the U.S. dollar within its $3.44 trillion foreign exchange holdings.

Hong Kong and Mainland Chinese Equities Fall as Investors Reassess Artificial Intelligence Valuations

The Hang Seng Index and broader mainland Chinese markets declined as institutional investors adjusted portfolios amid growing caution over potential overvaluation in artificial intelligence-related assets. The sell-off reflects wider glo...

Hong Kong Launches Biometric Border System on Hong Kong–Zhuhai–Macau Bridge to Speed Up Travel

Hong Kong immigration authorities have introduced new electronic clearance channels using biometric verification at checkpoints on the Hong Kong–Zhuhai–Macau Bridge. The system is designed to reduce waiting times and improve cross-border...

Dajin Heavy Industry Raises HK$6.6 Billion in Oversubscribed Hong Kong IPO

Wind power equipment manufacturer Dajin Heavy Industry raised about HK$6.6 billion in its Hong Kong Stock Exchange listing, with the offer reportedly oversubscribed more than 130 times. The deal attracted strong participation from instit...

Hong Kong Supports Kazakhstan Tech Hub to Expand Digital Silk Road Cooperation

Hong Kong business groups and technology leaders have expressed support for a new technology hub in Kazakhstan aimed at strengthening digital infrastructure and fintech collaboration. The initiative is tied to broader Belt and Road effor...

Hong Kong Customs Seizes $34 Million in Counterfeit World Cup Goods Ahead of Tournament Kickoff

Hong Kong Customs and Excise officers dismantled a smuggling ring and seized counterfeit merchandise valued at about $34 million in a series of raids on cross-border logistics centres. More than 200,000 fake items were confiscated in an ...

Hong Kong Smoking Rate Falls to Record Low of 8.5%

Hong Kong’s smoking rate has declined to a historic low of 8.5%, according to health officials, marking progress driven by long-term tobacco control measures, taxation policies and public health campaigns. Authorities say the trend reinf...

University of Hong Kong and HSBC Host Global Undergraduate Business Case Competition

The University of Hong Kong and HSBC have concluded the 19th Asia Pacific Business Case Challenge, bringing together 24 elite student teams selected from around 12,000 global applicants. The competition highlights Hong Kong’s role as a r...

Hong Kong IPO Market Draws Strong Demand Despite Global AI Valuation Concerns

Hong Kong continues to position itself as a leading destination for technology listings even as global markets face volatility linked to concerns over artificial intelligence valuations. Regulators say recent reforms have helped attract ...

Hong Kong Launches Public Consultation on Five-Year Plan Focused on Green Transition and Technology Growth

Financial Secretary Paul Chan Mo-po announced the start of a public consultation for Hong Kong’s upcoming five-year development plan, which will focus on green energy transition, technological innovation and economic resilience. The fram...

Hong Kong Reports 12% Rise in Income Tax Revenue Amid Broad Corporate Recovery

Hong Kong’s Inland Revenue Department recorded a 12% increase in income tax collections, reflecting stronger corporate profitability and a steadier labor market across the city. The rise provides additional fiscal room for the government...

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