Hong Kong Times

Hong Kong Retail Sales Slow as Consumer Spending Softens

Recent economic data showed Hong Kong's retail sales growth eased to a four-month low as spending on supermarket goods and durable products moderated. The figures point to softer domestic consumption as the economy continues to navigate ...

Hong Kong Launches Gold Clearing Trial to Strengthen Global Commodities Hub Ambitions

Hong Kong has begun trial operations of a new gold central clearing and settlement system, including the initial phase of Delivery Connect with the Shanghai Gold Exchange and a dedicated Hong Kong gold price ticker. The initiative suppor...

China Launches National Digital Precision Farming Program

The Ministry of Agriculture and Rural Affairs has introduced a digital agriculture initiative combining satellite imagery, artificial intelligence and autonomous machinery to improve crop productivity. The program is designed to strength...

Hong Kong Unveils New Bond and Currency Market Reforms

The Securities and Futures Commission and the Hong Kong Monetary Authority have announced new measures to deepen the city's fixed income and currency markets. The reforms include an electronic bond trading platform developed with the Chi...

HKEX Partners With CIPS to Expand Cross-Border Renminbi Settlement

Hong Kong Exchanges and Clearing has signed a memorandum of understanding with the operator of China's Cross-border Interbank Payment System to strengthen renminbi settlement services. HKEX also plans to apply for direct participation in...

John Lee Outlines Hong Kong's Push to Become an Artificial Intelligence Innovation Hub

Chief Executive John Lee said the government will expand support for artificial intelligence through a new subsidy scheme for small and medium-sized enterprises while advancing development of the Northern Metropolis. He also highlighted ...

Hang Seng Index Ends Lower as Property Stocks Weigh on Market

Hong Kong's benchmark Hang Seng Index fell 0.4% to 23,518, reversing earlier gains as investors adopted a cautious stance ahead of key economic data from China and the United States. Weakness in property shares offset gains among selecte...

Swire Coca-Cola Becomes Exclusive Beverage Supplier for Subway in Hong Kong and Macau

Swire Coca-Cola has signed a seven-and-a-half-year agreement to supply beverages exclusively to all Subway restaurants in Hong Kong and Macau. Coca-Cola products will be introduced across the chain's physical outlets and online ordering ...

Industry Leaders Highlight Hong Kong's Role in Global Artificial Intelligence Development

Business executives speaking at the Citi Commercial Bank Hong Kong Executive Summit said Hong Kong is well placed to connect regional innovation with international markets. Discussions focused on building secure and scalable infrastructu...

Tencent Shares Rise After Launch of HunYuan Hy3 Artificial Intelligence Model

Tencent shares outperformed the broader market after the company unveiled its new HunYuan Hy3 large language model. The launch lifted investor sentiment toward technology stocks despite a modest decline in the broader Hang Seng Index.

China Launches Industrial Carbon Neutrality Plan for 2035

The National Development and Reform Commission has announced a nationwide initiative requiring major industrial parks to achieve carbon neutrality by 2035. The program emphasizes smart grid deployment and domestic renewable energy storag...

Shenzhen Reports Record Exports of Electric Vehicles and Semiconductors

Shenzhen authorities said exports of electric vehicles, lithium-ion batteries and advanced semiconductors reached record levels, reflecting the city's continued shift toward higher-value manufacturing and technology-driven exports.

China Unveils Fiscal Measures to Address Property Market and Local Government Debt

The State Council and Ministry of Finance have announced a broad package of measures to stabilize the property market and ease pressure from local government debt. The plan includes greater central government support for unfinished housi...

People's Bank of China Signals More Targeted Monetary Support

The People's Bank of China indicated it will rely on targeted liquidity measures rather than broad interest rate cuts to support credit growth and counter deflationary pressures. The central bank said its approach will continue to favor ...

China Expands Cross-Border E-Commerce Logistics Network in Central Asia

The Ministry of Commerce has finalized agreements to establish new e-commerce logistics hubs with Central Asian partners. The network is expected to shorten delivery times, lower shipping costs and strengthen trade connectivity along Bel...

China Accelerates Domestic Semiconductor Development

The Ministry of Industry and Information Technology has expanded support for semiconductor research and development, with a focus on advanced logic chips for artificial intelligence and automotive applications. The initiative is part of ...

China Confirms Successful Return of Lunar Samples From Moon's Far Side

China's space agency has completed the return of geological samples collected from the far side of the moon, marking a major milestone in the country's lunar exploration program. Scientists will use the material to advance research into ...

China Issues New Competition Rules for Generative Artificial Intelligence

The State Administration for Market Regulation has introduced anti-monopoly guidelines for generative artificial intelligence platforms. The framework is designed to promote fair competition and data interoperability while preventing dom...

Shanghai Expands Incentives to Attract Global Talent

Shanghai has introduced new fiscal and residency incentives aimed at attracting international scientists and financial professionals. City authorities say the measures are intended to reinforce Shanghai's position as a leading global cen...

China Introduces New Rules for Outbound Investment

New outbound investment regulations that took effect in July establish a comprehensive legal framework for Chinese companies investing overseas. The rules strengthen corporate responsibility for risk management while providing government...

China Electronics Manufacturing Posts Strong Growth on Export Demand

China's electronics manufacturing sector expanded strongly in the first five months of 2026, with added value rising 14.6% and combined profits jumping 104% to 422 billion yuan. Growth was driven by robust overseas demand for integrated ...

China Shifts Foreign Investment Policy Toward High-Value Industries

China has unveiled a new foreign investment framework focused on improving the quality of inbound capital rather than simply increasing volumes. The plan prioritizes sectors including research and development, pharmaceuticals and financi...

China Allocates 193.5 Billion Yuan for Final Round of 2026 Mega-Project Funding

The National Development and Reform Commission has released the third and final tranche of funding for major infrastructure projects, allocating 193.5 billion yuan through ultra-long special treasury bonds. The investment supports scient...

China Activates Emergency Flood Response as Typhoons Threaten Major River Basins

China's Ministry of Water Resources has launched a high-level emergency response as Typhoons Maysak and Bavi approach, with heavy rainfall forecast across the Pearl, Yangtze, Huaihe and Songliao river basins. Red flood alerts have been i...

World Bank Maintains China's 2026 Growth Forecast at 4.4%

The World Bank has kept its 2026 economic growth forecast for China unchanged at 4.4%, citing resilient exports and strong investment in high-technology industries despite continued weakness in the property sector. The report says growth...

Hong Kong Expands HK Harvest Brand to Support Local Agriculture

The Agriculture, Fisheries and Conservation Department has widened its HK Harvest certification program to cover more locally produced livestock and agricultural products, aiming to strengthen consumer confidence, support farmers and enh...

Bus Crash in Hong Kong Prompts Review of Public Transport Safety

A Kowloon Motor Bus struck a roadside tree on Monday morning, damaging the upper deck and injuring passengers. The incident has renewed attention on public transport safety and maintenance standards, with the Transport Department expecte...

CUHK Business School Launches Corporate Innovation Index

The Chinese University of Hong Kong Business School has introduced a Corporate Innovation Index, backed by business leaders and the Hong Kong General Chamber of Commerce, to help companies benchmark and strengthen their innovation capabi...

New World Development Wins Approval for 7,000-Home Northern Metropolis Project

New World Development has secured planning approval for a major residential project in the Northern Metropolis that is expected to deliver about 7,000 homes by 2027, advancing the government's long-term strategy to expand housing supply.

Biren Technology Pursues Hong Kong Capital Raise to Support Chip Development

Chinese semiconductor and GPU developer Biren Technology is seeking to raise up to HK$838 million through a private placement, highlighting Hong Kong's growing role as a funding centre for technology companies investing in advanced semic...

Hong Kong Regulators Convene Bond Connect Summit to Deepen Cross-Border Capital Markets

The Hong Kong Monetary Authority, Securities and Futures Commission and Hong Kong Exchanges and Clearing will host the Hong Kong Fixed Income and Currency and Bond Connect Summit on July 7 to strengthen Hong Kong's role as an offshore re...

Hong Kong Stocks Rise as Private Sector Activity Reaches Four-Month High

The Hang Seng Index gained 0.83% to close near 23,543 after the S&P Global Purchasing Managers' Index showed private-sector activity expanded to 52.0 in June. Improving business conditions supported market sentiment, although a wave of I...

Luxshare Precision Set to Price Hong Kong IPO at Top of Range in $3.1 Billion Listing

Apple supplier Luxshare Precision is expected to price its Hong Kong initial public offering at the top of its indicated range, raising about US$3.1 billion in what would be the city's largest IPO of 2026. Strong demand for companies lin...

Peter Wong Re-Elected Chairman of Hong Kong General Chamber of Commerce

Peter Wong, deputy chairman and chief executive of The Hongkong and Shanghai Banking Corporation, has been re-elected chairman of the Hong Kong General Chamber of Commerce, providing continuity as the business group works with the govern...

Hong Kong Broadens Tourism Strategy Beyond Mainland Visitors

The Hong Kong Tourism Board and government agencies are expanding promotional efforts in Southeast Asia and the Middle East as part of a broader strategy to diversify visitor sources and restore tourism spending.

China Expands Space Cooperation With Middle Eastern Partners

China is deepening space and digital infrastructure cooperation across the Middle East by expanding partnerships in satellite services, telecommunications and ground-station development, complementing broader bilateral cooperation in ene...

China Tightens Outbound Investment Rules to Protect Strategic Technologies

New regulations governing outbound investment and cross-border technology transfers have taken effect, strengthening safeguards for key industries including artificial intelligence, advanced semiconductors and green technology as Beijing...

China's Electronics Industry Posts Strong Growth in Output and Profits

The Ministry of Industry and Information Technology reported that the added value of major electronics manufacturers rose 14.6% year on year in the first five months of 2026. Operating revenue reached 7.5 trillion yuan, while sector-wide...

China Confirms Strategic Ballistic Missile Test in the South Pacific

China's navy conducted a long-range ballistic missile test from a nuclear-powered submarine into international waters in the South Pacific. State media described the launch as part of the military's annual training program and said relev...

Taiwan Establishes Littoral Combat Command to Strengthen Coastal Defense

Taiwan has commissioned a new Littoral Combat Command to integrate mobile radar, anti-ship missile systems and domestically developed unmanned surface vessels within its coastal defense network, reflecting a broader shift toward asymmetr...

"A New Era of Testing": The Rare Launch of a Missile from a Chinese Nuclear Submarine - That Could Reach U.S. Soil

China's recent submarine-launched intercontinental ballistic missile test has sparked global concern, highlighting Beijing's rapidly expanding nuclear capabilities and intensifying regional geopolitical tensions.

Hong Kong Monetary Authority Urges Banks to Prepare for the Quantum Computing Era

The Hong Kong Monetary Authority has called on banks to begin preparing for the cybersecurity challenges posed by quantum computing by adopting post-quantum cryptography. Regulators said early planning is essential to safeguard encryptio...

Eddid Financial, Ant Digital Technologies and SageRock Capital Partner on Green Finance Initiatives

Eddid Financial, Ant Digital Technologies and SageRock Capital have signed a memorandum of understanding to collaborate on new energy and blockchain finance projects. The partnership aims to support compliant tokenized green energy produ...

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