Hong Kong Times

China Defends Economic Outlook, Citing Stable Growth and Rising Domestic Activity

Chinese authorities said the economy remains resilient despite recent volatility, pointing to steady growth in retail sales and industrial output in the first five months of the year. Officials said these trends support the launch of the...

China Strengthens Economic Resilience Narrative as Five-Year Plan Cycle Begins

Chinese officials outlined key economic priorities for the 2026–2030 Five-Year Plan period, emphasizing stability, innovation, vitality and global integration. They said domestic demand and import growth are helping anchor the economy am...

China and United Arab Emirates Discuss Middle East Stability and Maritime Security in New Delhi Meeting

Chinese and UAE officials met in New Delhi to discuss regional stability and the need for a durable ceasefire in the Middle East. Both sides highlighted the importance of protecting maritime routes and global supply chains through diplom...

China Calls for Expanded BRICS Security Cooperation and Stronger Role for United Nations

China’s Foreign Affairs chief Wang Yi urged BRICS countries to adopt a shared security framework addressing terrorism, space militarization and global governance challenges. He also reiterated support for the United Nations as the centra...

Huawei Pushes AI Infrastructure Expansion With New Data Storage and Compute Breakthroughs

Huawei has unveiled new storage and compute integration technologies aimed at reducing bottlenecks in large-scale AI systems. The company said the improvements lower token costs and strengthen the infrastructure needed for next-generatio...

China’s Premier Li Qiang Frames Technological Rise as Global Opportunity at Summer Davos Forum

Chinese Premier Li Qiang told the Annual Meeting of the New Champions in Dalian that China’s rapid advances in artificial intelligence and electric vehicles should be seen as a global opportunity. He rejected criticism of state subsidies...

China’s LineShine Supercomputer Tops Global Rankings, Surpassing US System in Exascale Performance

China’s LineShine system at the National Supercomputing Centre in Shenzhen has overtaken the US-based El Capitan to become the world’s most powerful supercomputer, according to the latest TOP500 ranking. The system reached 2.198 exaflops...

China and Russia Deepen Strategic Coordination at BRICS Security Talks in New Delhi

Chinese and Russian officials reaffirmed their strategic coordination during meetings in New Delhi, pledging closer cooperation within the BRICS framework. Both sides emphasized resistance to external interference and support for a multi...

China Mobile and Huawei Achieve Breakthrough in Carrier-Grade AI Inference Deployment

China Mobile Hubei and Huawei have validated a live-network artificial intelligence inference solution that significantly boosts processing efficiency. The system, built on Huawei’s Ascend A3 SuperPoD and Unified Cache Manager, delivered...

Construction Industry Council Hosts AI and Smart Construction Conference at Hong Kong Science Park

The Construction Industry Council has opened a two-day conference at Hong Kong Science Park showcasing artificial intelligence and robotics applications in construction, with a focus on improving site safety, efficiency, and project mana...

Hong Kong Legislative Council Debates Enhanced Poverty Alleviation Measures for Vulnerable Households

Lawmakers are discussing updates to the city’s poverty alleviation framework, with a focus on improving targeted support mechanisms for low-income and vulnerable communities.

Hong Kong Proposes Tax Concessions for Shipping and Commodity Trading Expansion

The Inland Revenue Department has introduced proposed amendments offering tax incentives for shipping-related services and physical commodity trading, aiming to strengthen Hong Kong’s role as a regional logistics and trading hub.

Hong Kong Introduces Evidence Amendment Bill to Modernize Court Procedures and Judicial Processes

The Secretary for Justice has presented the Evidence (Amendment) Bill 2026 to the Legislative Council, aimed at updating procedural rules and improving the efficiency of legal proceedings within Hong Kong’s common law system.

Hong Kong Exchange Fund Bills Attract Strong Demand Despite Global Market Volatility

The Hong Kong Monetary Authority reported solid demand for three-month and six-month Exchange Fund Bills, with stable yields reflecting continued confidence in the city’s short-term monetary stability.

COSCO Shipping Ports Wins ESG Excellence Award at Hong Kong Investor Relations Ceremony

COSCO Shipping Ports has received top recognition at the annual Investor Relations Awards, including the ESG Excellence Award, highlighting its performance in corporate governance and sustainability-related initiatives.

Hong Kong Considers New Hospital Cluster for New Territories North Amid Rising Healthcare Demand

Legislative Council members are debating proposals to accelerate the development of a dedicated hospital cluster in New Territories North, intended to address growing healthcare needs alongside ongoing urban expansion in the region.

World Economic Forum Summer Davos Identifies Ten Key Emerging Technologies for 2026 in Dalian

The World Economic Forum’s Annual Meeting of the New Champions in Dalian has released a report outlining ten emerging technologies expected to shape industry and society by 2026, including advances in clean energy, direct lithium extract...

China Releases Global Governance White Paper Outlining Multilateral Vision

The State Council Information Office has published a white paper titled “More Just and Equitable Global Governance: China’s Principles, Proposals and Actions,” setting out Beijing’s position on multilateralism, global governance reform a...

China Files Lawsuit Against Pentagon Over Alibaba Military Blacklist Designation

Alibaba Group has filed a lawsuit in a federal court in San Jose challenging its inclusion on a United States Department of Defense list of companies allegedly linked to China’s military. The company argues the designation lacks factual ...

China Launches Broad Action Plan to Expand Foreign Investment Into Finance, Health and Digital Sectors

Chinese economic regulators, including the Ministry of Commerce and the National Development and Reform Commission, have issued a coordinated policy plan aimed at widening foreign access in high-value industries such as finance, pharmace...

Hong Kong Stocks Slide as Global Interest Rate Uncertainty and Tech Selloff Hit Sentiment

The Hang Seng Index fell more than 400 points to its lowest level in over a year, as investor sentiment weakened amid concerns over persistent inflation and the prospect of further United States interest rate hikes. Technology and artifi...

China Imposes Export Restrictions on Ten United States Defense and Military-Related Firms

China’s Ministry of Commerce has announced export restrictions on ten United States companies involved in defense and related industries, banning shipments of dual-use goods in a move presented as a response to earlier US sanctions on Ch...

China Brand Fair Opens in Budapest as Beijing Expands Trade Outreach in Central Europe

The China Brand Fair has opened in Budapest with participation from thousands of buyers across Central and Eastern Europe, reflecting China’s efforts to strengthen trade ties and expand market access within European Union member states.

Hong Kong Monetary Authority Raises 1.75 Billion Hong Kong Dollars Through Five-Year Infrastructure Bond Tender

The Hong Kong Monetary Authority has completed a tender for five-year government bonds under its Infrastructure Bond Programme, with proceeds allocated to long-term infrastructure development projects aimed at supporting the city’s econo...

Hong Kong Legislative Council Debates Tax Incentives for Family Offices and Private Investment Vehicles

The Legislative Council is reviewing proposed amendments to tax regimes covering family-owned investment structures and carried interest, part of a broader effort to reinforce Hong Kong’s position as a global hub for wealth management an...

Hong Kong Ranks Second Globally in 2026 IMD Competitiveness Index as Business Environment Improves

Hong Kong has climbed to second place in the latest IMD World Competitiveness Ranking, supported by gains in government efficiency, tax policy, and regulatory conditions. The improvement comes despite ongoing geopolitical uncertainty and...

Hong Kong Economy Grows 5.9 Percent in First Quarter on Artificial Intelligence Export Surge

Hong Kong’s economy expanded by 5.9 percent year-on-year in the first quarter of 2026, driven by a 42.9 percent jump in merchandise exports linked largely to artificial intelligence electronics. Growth was also supported by steady touris...

Hong Kong Expands Greater Bay Area Investment Channels While Tightening Capital Flow Enforcement

Financial Secretary Paul Chan said authorities are preparing expanded investment channels to give mainland Chinese investors broader access to Hong Kong asset classes under Greater Bay Area integration plans. At the same time, regulators...

Beijing Moves to Attract More Foreign Listings on Hong Kong Exchanges

Central authorities have announced new measures to encourage multinational corporations and eligible foreign firms to list on the Hong Kong stock exchange. The initiative aims to broaden market participation and strengthen Hong Kong’s po...

Hong Kong Monetary Authority Holds Base Rate at 4 Percent Following US Federal Reserve Decision

The Hong Kong Monetary Authority has kept its base rate unchanged at 4 percent, tracking the US Federal Reserve’s policy stance. The decision maintains currency peg stability but continues to sustain higher borrowing costs that weigh on ...

Zhipu AI Surpasses One Trillion Hong Kong Dollar Valuation on Open-Source Model Momentum

Chinese artificial intelligence firm Zhipu AI has seen its valuation exceed one trillion Hong Kong dollars following strong market response to its latest open-source model. The milestone highlights Hong Kong’s growing role as a fundraisi...

Hang Seng Index Slips as Markets Brace for Heavy IPO Lock-Up Expirations

The Hang Seng Index edged lower toward 23,766 as investors reacted to expectations of up to 274 billion US dollars in IPO-related shares entering circulation over the next year. The potential supply overhang has raised concerns about nea...

Hong Kong Overtakes Switzerland to Become World’s Leading Cross-Boundary Wealth Management Centre

Hong Kong has surpassed Switzerland to become the world’s largest cross-border wealth management hub, driven by sustained capital inflows from Mainland China and wider Asia. The shift reflects a rapid expansion in family offices and rein...

Lingyi iTech Targets 1.1 Billion Dollar Hong Kong IPO to Fund Artificial Intelligence Expansion

Chinese electronics manufacturer Lingyi iTech is seeking to raise more than 1.1 billion US dollars through a Hong Kong listing to finance expansion into artificial intelligence hardware and robotics. The planned IPO reflects a renewed pi...

China Deploys Underwater Artificial Intelligence Data Center to Cut Power and Water Use

State-backed developers in China have launched an underwater artificial intelligence data center designed to reduce land, water, and energy consumption associated with large-scale computing facilities. The project represents an experimen...

Record Rainfall Floods Southern China, Disrupting Key Industrial and Agricultural Regions

Heavy rainfall across Guangdong, Guangxi, and four other provinces has broken historical records, triggering mass evacuations and raising flood levels along the Liujiang River. The extreme weather is threatening major agricultural zones ...

China’s Supreme Court Upholds Patent Ruling Against Infineon in Gallium Nitride Dispute

China’s Supreme People’s Court has upheld a sales injunction against Germany’s Infineon Technologies in a patent dispute involving gallium nitride technology. The ruling, which sides with domestic chipmaker Innoscience, highlights the gr...

Japanese Semiconductor Equipment Makers Report First Sales Decline in China as Domestic Alternatives Gain Ground

Japan’s leading chip equipment manufacturers, including Tokyo Electron and Advantest, recorded a 10 percent drop in combined sales to China, marking the first contraction in the segment. The decline reflects Beijing’s continued push to r...

People’s Bank of China Signals Shift Toward Single Interest Rate Benchmark in Major Policy Reform

Governor Pan Gongsheng said at the Lujiazui Forum that China intends to streamline its monetary policy framework by anchoring it to the overnight reverse repo rate as a primary short-term benchmark. The move would narrow the interest rat...

China Tightens Oversight of Multi-Trillion Yuan Corporate IOU Market to Protect Supply Chains

Chinese regulators are preparing a broad overhaul of the supply chain finance sector, targeting the widespread use of electronic corporate IOUs issued by large firms and fintech platforms. The reforms are aimed at improving liquidity con...

Yicai Confidence Index Falls to 49.9 as Economists Warn of Weak Domestic Demand in China

China’s Yicai Chief Economists Confidence Index slipped to 49.9 in June 2026, moving into contraction territory. Economists pointed to a widening imbalance between resilient industrial output and weaker domestic consumption, compounded b...

Hong Kong Expands Gold Clearing System as Banks Import London Bullion Ahead of July Launch

At least four of 11 participating banks have begun importing 400-ounce London Good Delivery gold bars as they prepare for Hong Kong’s new precious metals central clearing system. The build-up of physical inventory comes ahead of a July l...

Hong Kong and Mainland Regulators Advance IPO Connect Scheme to Open Local Listings to Mainland Retail Investors

Financial Secretary Paul Chan said Hong Kong and mainland authorities are in advanced talks to allow mainland retail investors direct access to Hong Kong initial public offerings. The discussions also include raising Southbound Stock Con...

Hong Kong Opens Public Consultation on First Five-Year Economic Plan Covering 2026 to 2030

The Hong Kong Special Administrative Region has launched public consultation on its first Five-Year Plan, which will guide economic policy from 2026 to 2030. The plan marks a shift toward longer-term macroeconomic planning aligned with n...

Hong Kong Economy Grows 5.9% in First Quarter as Unemployment Falls to 3.7%

The Office of the Government Economist reported that Hong Kong’s economy expanded 5.9% in the first quarter of 2026, the strongest growth in nearly five years. The unemployment rate dropped to 3.7%, signaling steady post-recovery momentu...

Knight Frank Raises Hong Kong Property Forecast, Sees Up to 10% Price Growth in 2026

Global consultancy Knight Frank has upgraded its outlook for Hong Kong’s residential market, projecting prices could rise by up to 10% in 2026. It also expects transaction volumes to increase to around 80,000 units, citing lower mortgage...

Hong Kong Financial Delegation Promotes AI and Biotech Sectors at Summer Davos Forum in Dalian

A 30-member Hong Kong delegation led by the Financial Secretary attended the World Economic Forum’s Annual Meeting of the New Champions in Dalian. The group, which includes representatives from Cyberport and the Hong Kong Investment Corp...

Shenzhen Senior Technology Material Launches Hong Kong IPO to Fund Global Battery Expansion

Shenzhen Senior Technology Material Company has launched an initial public offering on the Hong Kong Stock Exchange, seeking to issue nearly 150 million H-shares. The battery separator manufacturer plans to use the proceeds to support in...

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