Hong Kong Times

Hong Kong Customs Seize Suspected Cannabis Worth HK$1.8 Million at Airport

Customs officers arrested two arriving passengers after discovering 10 kilograms of suspected cannabis buds with an estimated street value of about HK$1.8 million.

China and European Union to Hold Second Ministerial Trade and Investment Talks This Autumn

China's Ministry of Commerce said Beijing and Brussels will convene their second ministerial-level trade and investment consultation this autumn, with both sides seeking to build on a shared commitment to a stable and balanced economic r...

China Unveils 2026–2030 Plan to Expand Disability Services and Social Protection

China's State Council has released a new five-year plan setting out 32 priority tasks to improve social security, public services and employment for people with disabilities, while aiming to ensure household income growth keeps pace with...

Premier Li Qiang Promotes Innovation-Driven "China Opportunity 2.0" Strategy

Speaking to international business leaders at the Summer Davos Forum, Premier Li Qiang outlined a new economic vision centered on innovation, advanced industries and the faster commercialization of technological breakthroughs under China...

Beijing Opens 2026 Global Digital Economy Conference

Government officials and business leaders have gathered in Beijing for the 2026 Global Digital Economy Conference, where discussions focus on digital urban governance, climate-resilient infrastructure, cross-border connectivity and the r...

Headline: Greater Bay Area Integration Deepens Cross-Border Financial and Innovation Links

Subtitle: Expanded Wealth Management Connect arrangements and closer collaboration between Hong Kong research institutions and Shenzhen's industrial sector are further integrating the Greater Bay Area and reinforcing Hong Kong's role as ...

Headline: Hong Kong to Host Global Fixed Income and Bond Connect Summit on July 7

Subtitle: The Hong Kong Monetary Authority, together with the Securities and Futures Commission and Hong Kong Exchanges and Clearing, will convene policymakers and financial industry leaders to discuss the future of bond markets and stre...

Headline: Mandatory Climate Disclosure Rules Reshape Corporate Reporting in Hong Kong

Subtitle: Companies are preparing for full implementation of Hong Kong Exchanges and Clearing's climate reporting requirements in 2026, with greater emphasis on Scope 3 emissions disclosures and transition planning as investors place inc...

Headline: Family Office Expansion Strengthens Hong Kong's Investment Base

Subtitle: Government tax incentives and a well-established professional services sector continue to attract family offices to Hong Kong, providing a stable source of private capital for the city's financial markets.

Headline: Technology Listings Continue to Drive Hong Kong's IPO Recovery

Subtitle: Market participants expect artificial intelligence and other high-growth sectors to remain the main drivers of new listings, supporting a broader shift in Hong Kong's capital markets toward new-economy companies.

Headline: PwC Raises Hong Kong IPO Fundraising Forecast to Nearly US$49 Billion for 2026

Subtitle: PricewaterhouseCoopers now expects Hong Kong to raise at least HK$380 billion, or about US$48.5 billion, through initial public offerings this year, citing a growing pipeline of mega-listings and overseas issuers that reinforce...

Headline: Hong Kong Mortgage Corporation Launches Summer Campaign to Promote Retirement Finance Programs

Subtitle: The Hong Kong Mortgage Corporation will run a public awareness campaign through August featuring community events and seminars to encourage greater understanding of its reverse mortgage, policy reverse mortgage and annuity prog...

China Shifts World Bank Partnership Toward Knowledge Sharing

China's Ministry of Finance is gradually moving away from traditional World Bank borrowing in favor of knowledge exchange and joint development initiatives. The transition reflects China's changing role in the global development finance ...

China Introduces New Standards for Battery Swapping and Solid-State Batteries

Chinese regulators have issued new industry standards covering electric vehicle battery-swapping systems and the deployment of solid-state batteries. The framework is intended to support the next phase of electric vehicle development and...

Pinduoduo Expands Operations in Xiongan New Area With 5,000 New Jobs

Pinduoduo, the operator of Pinduoduo and Temu, has announced a major expansion in the Xiongan New Area, including new office facilities and plans to create 5,000 jobs. The investment aligns with the government's long-term vision of devel...

European Business Group Says Companies Remain Deeply Committed to China

Jens Eskelund, president of the European Union Chamber of Commerce in China, said European companies remain heavily dependent on the Chinese market despite ongoing discussions about reducing economic reliance. He said many businesses con...

China Launches New Action Plan to Encourage Foreign Investment

China has implemented a nationwide action plan aimed at improving the business environment for multinational companies and attracting additional foreign investment. The measures, which took effect on July 1, underscore Beijing's commitme...

China's Industrial Profits Rise 18.8% as High-Tech Manufacturing Gains Momentum

Industrial profits in China increased 18.8% during the January-May period, according to the National Bureau of Statistics. The strong performance supports the government's strategy of expanding high-tech manufacturing as a key driver of ...

China's Semiconductor Sector Becomes Largest Segment of A-Share Market by Value

The market capitalization of the Shenwan Semiconductor Index has surpassed that of China's major state-owned commercial banks for the first time. The milestone highlights growing investor confidence in semiconductor and advanced technolo...

China Warns Extreme Weather Is Increasing Risks to National Food Security

Chinese agricultural authorities have warned that heavy rainfall and drought are placing growing pressure on food production. Officials are stepping up efforts to safeguard stable supplies of essential agricultural products as climate-re...

China Speeds Up Semiconductor IPOs to Strengthen Domestic Chip Industry

Chinese semiconductor companies are accelerating initial public offering applications on Shanghai's STAR Market as domestic capital markets channel more funding toward chipmakers and artificial intelligence computing infrastructure. Rece...

China Unveils New Robotic AI Platform for Industrial and Commercial Applications

Beijing-based Striding AI has introduced a new generation of robotic foundation systems designed to expand the use of physical artificial intelligence in sectors including retail and logistics. The platform combines multimodal perception...

Hong Kong Mortgage Corporation Launches Summer Campaign to Promote Retirement Planning

The Hong Kong Mortgage Corporation has introduced a summer financial literacy campaign promoting its Retire Three programs, including reverse mortgages and annuities, through public exhibitions and educational seminars for older residents.

Hong Kong Stocks Climb as Hang Seng Index Moves Above 23,000

The Hang Seng Index rose more than 1% to trade above the 23,000-point level, supported by gains in major technology shares including BYD, XPeng and Baidu amid improved market sentiment and positive sector data.

Hong Kong Customs Seize HK$4 Million Worth of Suspected Cannabis at Airport

Customs officers at Hong Kong International Airport arrested two passengers after seizing 23 kilograms of suspected cannabis buds with an estimated value of about HK$4 million, as authorities continued efforts to combat cross-border drug...

Hong Kong Reunification Raceday Draws Record Tourist Attendance

The annual Reunification Raceday at Sha Tin Racecourse attracted a record 9,300 tourists, up 36% from a year earlier, while total betting turnover reached nearly HK$1.65 billion, the second-highest level in the event's history.

Hong Kong Rises to Second in 2026 Global Competitiveness Rankings

The International Institute for Management Development's World Competitiveness Yearbook 2026 ranked Hong Kong as the world's second most competitive economy, its highest position since 2019, citing strong performance in government effici...

TrueHealth Medical Shares Surge More Than 200% in Hong Kong Stock Market Debut

Guangdong TrueHealth Medical Technology Development, the first listed specialist in percutaneous surgical robotics, soared more than 200% on its first trading day on the Hong Kong Stock Exchange, reflecting strong investor demand for spe...

Hong Kong Accelerates Northern Metropolis Development With Focus on Science and Education

Chief Executive John Lee said the Northern Metropolis project is moving from planning to implementation, with faster development of a university town and science park infrastructure to strengthen Hong Kong's integration with national tec...

Wang Yi and Marco Rubio Discuss Maintaining Stable China-United States Relations

Chinese Foreign Minister Wang Yi told United States Secretary of State Marco Rubio that both countries should remove obstacles and maintain a constructive relationship of strategic stability, citing the consensus reached by President Xi ...

China Reaffirms Support for Pakistan Through Closer Five-Year Plan Cooperation

Chinese Ambassador Jiang Zaidong said Beijing will deepen cooperation with Pakistan by aligning China's 15th Five-Year Plan with the Uraan Pakistan initiative, while advancing the second phase of the China-Pakistan Economic Corridor.

China's Ethnic Unity Law Takes Effect With Expanded Scope Over Overseas Conduct

China's new Ethnic Unity and Progress Promotion Law has entered into force, reinforcing the goal of a unified national identity and authorizing authorities to address conduct considered harmful to ethnic unity, including actions that occ...

China Funds New Diaspora Center in Somalia to Support National Development

Somali Prime Minister Hamza Abdi Barre and Chinese Ambassador Wang Yu inaugurated a Chinese-funded diaspora center in Mogadishu, aiming to strengthen Somalia's diaspora policy and encourage overseas communities to contribute to the count...

Premier Li Qiang Unveils 'China Opportunity 2.0' Vision Centered on Innovation and Advanced Industries

Speaking at the Summer Davos Forum in Dalian, Premier Li Qiang said China's 15th Five-Year Plan will prioritize future industries, technological diffusion and innovation-led growth, inviting international partners to work with China's ma...

Northern Metropolis Financial Advisory Taskforce Begins Strategic Planning

The Northern Metropolis Financial Advisory Taskforce has held its first meeting with representatives from 21 banks and government departments to coordinate financing strategies for the territory's long-term infrastructure development.

HKG Times