Hong Kong Times

Jiangxi Biological Completes Landmark Biotech Listing in Hong Kong

Jiangxi Institute of Biological Products has completed a US$52 million initial public offering on the Main Board of the Hong Kong Stock Exchange. The listing marks the first public offering in Hong Kong by an antiserum company and highli...

Hong Kong Deepens Financial Innovation Partnership With Türkiye’s Central Bank

The Hong Kong Monetary Authority and the Central Bank of Türkiye have signed a memorandum of understanding to strengthen cooperation in financial innovation and digital banking. The agreement is intended to support more advanced and incl...

Hong Kong Public Relations Industry Turns More Optimistic as IPO Market Recovers

The 2026 PRHK Benchmark Survey shows agency leaders have become markedly more positive about business prospects, citing the recovery of Hong Kong's IPO market and stronger demand from fintech clients. While enterprise-wide adoption of ar...

China's Manufacturing Activity Returns to Expansion in June as Economic Recovery Firms

China's official manufacturing purchasing managers' index rose to 50.3 in June from 50.0 in May, while the composite index reached its highest level this year at 50.6, suggesting targeted stimulus measures and easing trade tensions are s...

Shandong Pharmaceutical Production Line Suspended Over Quality Deficiencies

Regulators in Shandong have ordered the suspension of a production line at Beida Gaoke Huatai Pharmaceutical after identifying serious quality-management shortcomings in the production of amiodarone hydrochloride injection as part of bro...

Hang Seng Rallies as Technology Stocks Lead Broad Hong Kong Market Gains

Hong Kong equities opened the week on a strong note, with the Hang Seng Index rising 1.57% and the Hang Seng Tech Index climbing 3.23%, reflecting improved investor sentiment across the market.

Binzhou Named National Pilot City for Intelligent Manufacturing Upgrade

China's ministries of industry and finance have selected Binzhou as a pilot city for manufacturing modernization, making the Shandong industrial center eligible for 300 million yuan in national funding to accelerate technological transfo...

Chinese Portable Air Conditioner Exports Surge as Europe Endures Extreme Heat

Exports of portable air conditioners from China to Western Europe rose by more than 70% during the first five months of 2026 as prolonged heatwaves drove exceptionally strong demand for cooling equipment across the region.

China Expected to Drive Global Growth in Data Center Electricity Demand

Energy assessments project that China and the United States will account for around 80% of the increase in global data center electricity consumption by 2030, prompting Beijing to accelerate investment in power grids and computing infras...

Hong Kong Upgrades 2026 Export Growth Forecast to More Than 20%

The Hong Kong Trade Development Council has raised its 2026 export growth forecast from 8–9% to above 20% after stronger-than-expected trade performance during the first five months of the year.

Hong Kong Launches Review of Prepaid Beauty and Fitness Contracts

The government has opened a two-month public consultation on tighter regulation of long-term prepaid contracts in the beauty and fitness industries, aiming to strengthen consumer protection and reduce financial risks linked to aggressive...

Hong Kong Opens Public Consultation on 2026 Policy Address

Chief Executive John Lee has invited residents to submit proposals for the 2026 Policy Address as the government begins setting priorities for economic, social and public policy over the coming year.

Tai Kwun Reports Record Visitor Numbers Since Opening

Tai Kwun has released its first comprehensive performance report since opening eight years ago, revealing that tourists accounted for 55% of its record annual visitor total, which has now surpassed five million.

Transport Ombudsman Calls for Reform of Driving Licence Booking System

An Ombudsman investigation found that organized groups have exploited the driving licence appointment system, prompting recommendations for the Transport Department to strengthen controls and eliminate abuse.

Hong Kong Ranks Fourth Worldwide for Talent Attraction

A new international assessment places Hong Kong fourth globally and first in Asia for talent competitiveness, supported by the arrival of nearly 290,000 professionals through various talent admission schemes.

M+ Museum Apologizes After Crowding Disrupts Major Design Exhibition

M+ has apologized for long queues and overcrowding at a newly opened design exhibition, offering free admission to affected visitors after unexpectedly high attendance strained crowd management.

Hong Kong Banks Report Improvement in Asset Quality

The classified loan ratio in Hong Kong's banking sector fell to 1.87% at the end of March from 2.01% in December, indicating improving asset quality after two consecutive quarters of rising bad loans.

Fosun International Begins HK$10 Billion Clearwater Bay Redevelopment

Fosun International has started construction of a HK$10 billion residential project at the former Shaw Studios site, with around 800 homes planned and the first units expected to reach the market as early as late 2027.

Hong Kong Marks Handover Anniversary with Free Public Transport Offers

Public transport operators will provide free tram and ferry rides alongside promotional discounts on July 1 as Hong Kong celebrates the 29th anniversary of the establishment of the Hong Kong Special Administrative Region.

Housing Secretary Pledges Stronger Oversight After Fatal Tai Po Fire

Housing Secretary Winnie Ho has pledged a comprehensive review of accountability and infrastructure oversight following the fatal residential fire in Tai Po to help prevent similar incidents.

Police Arrest 78 Suspects in HK$5 Million Online Shopping Fraud Operation

Hong Kong police have dismantled an alleged online shopping scam network involving more than HK$5 million in fraudulent transactions, underscoring continued enforcement against digital financial crime.

New World Development and Ares Management Cut Commercial Property Prices

New World Development and Ares Management have reportedly reduced prices by as much as 57% for units at the Wing Hong Street commercial complex in Cheung Sha Wan, reflecting continued pressure in Hong Kong's commercial property market.

China Expands Export Controls on Japanese Organizations Amid Technology Security Tensions

China's Ministry of Commerce has imposed new export restrictions on 40 Japanese organizations covering selected dual-use technologies, marking a further escalation in the economic security dispute between the two countries over strategic...

China Tightens Oversight of National Drug Procurement Program

Chinese regulators have disqualified more than 10 pharmaceutical and medical-device suppliers from the national bulk procurement program this year after identifying serious production and quality-management deficiencies, reinforcing effo...

Premier Li Qiang Promotes "China Opportunity 2.0" at Summer Davos

Speaking at the 17th Annual Meeting of the New Champions in Dalian, Premier Li Qiang said China's economy maintained steady momentum with first-quarter growth of 5%, presenting the country's domestic market and advanced manufacturing as ...

People's Bank of China Launches First Overnight Reverse Repo Operation to Refine Liquidity Management

The People's Bank of China injected 300 billion yuan into the banking system through its first overnight reverse repurchase operation, introducing a new tool designed to manage short-term liquidity with greater flexibility while leaving ...

International Retail Brands Expand Hong Kong Presence as Leasing Conditions Improve

Global retailers are securing prime commercial space under more favourable rental terms, reflecting renewed confidence in Hong Kong's retail market and long-term consumer appeal.

Hong Kong Plans Wider Rollout of Southbound Driving Scheme Across Guangdong

Transport authorities intend to expand the programme allowing mainland vehicles to enter Hong Kong to more cities across Guangdong, supporting growing cross-border business travel and regional integration.

Hong Kong Lawmakers Review Tax Incentives for Fund Manager Performance Bonuses

The Legislative Council is considering tax changes that would provide preferential treatment for performance-related bonuses, part of broader efforts to attract investment professionals and strengthen the city's asset management industry.

Hong Kong and Macau Promote Joint Tourism Strategy for the Greater Bay Area

Tourism leaders are advocating closer cooperation rather than competition, promoting Hong Kong and Macau as complementary destinations to encourage longer visitor stays and higher tourism spending across the Greater Bay Area.

Hong Kong Strengthens International Cooperation on Pharmaceutical Regulation

Health authorities are expanding engagement with international pharmaceutical experts and standards organizations to build regulatory expertise and support the development of the city's life sciences sector.

Hong Kong Stocks Face Pressure from Weakness in Technology Shares

The Hang Seng Index has come under pressure as declines in artificial intelligence and semiconductor stocks weighed on market sentiment, while investors continue to watch mainland capital inflows for support.

Hong Kong Exchanges Focuses on Reviving IPO Market with Technology Listings

Hong Kong Exchanges and Clearing is working to attract more technology and biotechnology listings while streamlining listing procedures, positioning the market to benefit when broader investor sentiment improves.

Hong Kong Calls for Higher-Value Tourism to Stay Competitive

Tourism officials are urging the hospitality and retail sectors to develop more distinctive, premium visitor experiences as regional competition intensifies and the city works to regain its pre-pandemic share of international travel.

Hong Kong Office Leasing Recovers in Wan Chai and Causeway Bay

Commercial property data for May showed the strongest net office absorption in more than two years in Wan Chai and Causeway Bay, with analysts attributing the improvement to companies expanding beyond the Central business district.

Chinese Carmakers Face Falling Profits Despite Record Export Volumes

Industrial data showed automakers' profit margins fell 19.8 percent during the first five months of 2026 even as electric vehicle exports reached record levels, highlighting the impact of intense domestic price competition.

Hong Kong Unveils First Five-Year Development Blueprint to Deepen Greater Bay Area Integration

Hong Kong has released its first medium-term development plan for 2026–2030, setting out a roadmap to strengthen cross-border cooperation in finance, technology and infrastructure while reinforcing the city's role as an international gat...

China's Tier-One Housing Markets Show Early Signs of Stabilization

June property data indicates tentative price gains for new and existing homes in Beijing, Shanghai and Shenzhen, although much of the national housing market remains weak and developers continue to focus on higher-margin projects in majo...

China Links Higher-Quality Employment to Stronger Consumer Demand

Employment goals in the 15th Five-Year Plan place greater emphasis on improving job quality and strengthening social protection, reflecting policymakers' view that stable household incomes are essential to boosting domestic consumption.

Zhipu AI Plans STAR Market Listing Under New Technology IPO Framework

Artificial intelligence developer Zhipu AI is preparing a 15 billion yuan listing on the STAR Market after the exchange expanded access for frontier technology companies, providing a new funding avenue for domestic AI businesses.

Hong Kong Draws More Than US$6 Billion in Foreign Investment in First Half of 2026

Invest Hong Kong said 413 international companies either established or expanded operations in the city during the first six months of the year, with projects expected to bring more than US$6 billion in investment and create about 8,600 ...

Hong Kong Seeks to Expand Cross-Border Investment Options for Mainland Investors

Financial Secretary Paul Chan Mo-po said authorities are reviewing broader Greater Bay Area investment schemes that would give mainland investors access to a wider range of financial products while strengthening Hong Kong's position as a...

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