Hong Kong Times

China’s Kimi Launches AI-Focused Credit Card With Agricultural Bank of China and American Express

The July launch links credit-card spending and rewards to Kimi memberships and AI computing benefits, although some claims about conversational banking functions go beyond what the companies’ official materials currently confirm.

Hongkong and Shanghai Hotels Returns to Profit as Luxury Travel Demand Recovers

The operator of the Peninsula Hotels reported a net profit of twenty-three million Hong Kong dollars for the first half of 2026, reversing a loss a year earlier as revenue approached four billion Hong Kong dollars on stronger room rates ...

Hong Kong Regulator Fines Luk Fook Securities HK$2.1 Million Over Cybersecurity Failings

The Securities and Futures Commission has fined Luk Fook Securities after a cyberattack exposed weaknesses in its trading-system safeguards, marking the first disciplinary action against a licensed firm for cybersecurity deficiencies des...

Malaysia and Hong Kong to Launch Simplified Dual-Listing Framework in September

A new framework will allow companies listed on Bursa Malaysia to pursue secondary listings in Hong Kong through a streamlined process, widening access to international investors and Greater China capital markets.

Hong Kong Commercial Property Investment Jumps 129 Percent in Second Quarter

Commercial real estate investment in Hong Kong rose to three point one billion US dollars in the second quarter, according to JLL, as investors targeted retail and office assets sold through receivership and other opportunistic transacti...

Hong Kong Proposes Carried Interest Tax Breaks That Exclude Proprietary Trading Firms

Hong Kong's proposed expansion of tax exemptions for carried interest will not cover proprietary trading businesses, according to the Financial Services and Treasury Bureau, limiting the benefit to firms that meet the government's defini...

Hang Seng TECH Index Set for Expansion to Fifty Stocks With Greater Focus on AI and Semiconductors

Index compilers are proposing to expand the Hang Seng TECH Index from thirty to fifty constituents and add a revenue-growth criterion, changes that could increase representation of emerging artificial intelligence and semiconductor compa...

Xinjiang Reports Forty-Five Percent Rise in Foreign Visitors as Payment Systems Improve

Xinjiang recorded a forty-five percent increase in foreign visitors in the first half of the year, with more than one hundred and eighty thousand overseas travelers using streamlined mobile payment services as authorities promote easier ...

Chinese AI Developer ModelBest Begins Preparations for Domestic IPO

Artificial intelligence startup ModelBest has begun regulatory preparations for an initial public offering as it seeks funding to expand on-device AI applications in China's automotive and education sectors.

China Imposes Provisional Tariffs of Up to Fifty-Four Percent on North American Pecans

China has ordered provisional deposit duties of up to fifty-four percent on pecan imports from the United States and Mexico, citing harm to domestic producers and adding another trade dispute to tensions with North America.

Hong Kong Launches First Regulated Stablecoin for Corporate and Professional Users

A consortium led by Standard Chartered has launched the HKDAP stablecoin for corporate clients and professional investors, advancing Hong Kong’s push to develop regulated digital assets within the territory’s distinct financial framework.

Chinese AI Startup Manus Buys Back Meta Stake as Tencent Becomes Lead Backer

Artificial intelligence agent developer Manus is buying back Meta’s stake for two billion US dollars following regulatory intervention, with Tencent providing financing as Manus continues operating independently.

China’s High-Tech Exports Jump More Than Fifty Percent in July

Chinese exports of advanced technology and manufacturing goods rose more than fifty percent year on year in July, according to customs data, as foreign institutions increased their exposure to Chinese artificial intelligence and robotics...

ChangXin Memory Market Value Surges Past Three Trillion Yuan After Shanghai Listing

Chinese memory-chip maker ChangXin Memory Technologies has been added to the MSCI China All Shares Index after its Shanghai STAR Market debut pushed its market capitalization above three trillion yuan.

Yangtze Memory Overtakes Kioxia to Become World’s Third-Largest NAND Flash Supplier

Chinese memory-chip maker Yangtze Memory Technologies Corporation has moved ahead of Japan’s Kioxia in global NAND flash shipments, strengthening China’s position in memory semiconductors as artificial intelligence demand drives the market.

China Tightens Entry, Exit and Immigration Rules From September

China’s State Council has announced stricter rules covering entry and exit procedures, travel applications and immigration-related intermediary services, with the new measures scheduled to take effect in mid-September.

Former Chinese Premier Zhu Rongji Dies at 98

Former Chinese Premier Zhu Rongji, a leading economic reformer who helped steer China through the Asian financial crisis and oversaw its entry into the World Trade Organization, has died at 98.

Deutsche Bank Wins Approval for First Foreign-Led Yuan Clearing Operation in Europe

The People’s Bank of China has authorized Deutsche Bank to process yuan payments from Frankfurt, marking the first time a foreign institution has been granted yuan clearing authority in the European market.

China’s Central Bank Refines Short-Term Rate Framework to Improve Policy Transmission

The People’s Bank of China is placing greater emphasis on overnight rates within its monetary framework while maintaining ample liquidity, as policymakers seek to improve how changes in short-term rates feed through to the wider economy.

Hong Kong Monetary Authority Launches One Point Five Billion Dollar Infrastructure Bond Tender

The Hong Kong Monetary Authority is offering one-year floating-rate notes linked to the Hong Kong Dollar Overnight Index Average under the government’s institutional bond programme, supporting financing for public infrastructure and sust...

Cathay Group Reports Six Point Two Billion Hong Kong Dollar First-Half Profit and Raises Dividend

Hong Kong’s flagship aviation group posted a sharp increase in first-half profit, supported by sustained passenger demand, strong cargo performance and gains linked to its Air China investment, marking a significant improvement in the gr...

Hang Seng Tech Index Plans Expansion to Fifty Constituents

Hang Seng Indexes Company is proposing to add twenty high-growth technology stocks to the Hang Seng Tech Index without regard to market capitalization limits, broadening its coverage of emerging technology sectors and potentially increas...

HK Electric Warns of Higher Consumer Fuel Charges as Global Energy Costs Rise

HK Electric Investments expects upward pressure on fuel clause charges in the second half as global energy markets remain volatile, potentially increasing operating costs for businesses across Hong Kong.

Hong Kong Police Report More Than 112 Million Hong Kong Dollars Lost in Cryptocurrency Investment Fraud

Hong Kong authorities say at least 269 victims lost more than 112 million Hong Kong dollars in the Fun Coffee cryptocurrency investment scheme, highlighting continuing risks for retail investors as virtual-asset activity expands.

China Resources Land Launches Southwest Kowloon Housing Project as Buyers Anticipate Lower Rates

China Resources Land has released the first price list for The Sterling I residential development in Southwest Kowloon, testing demand in Hong Kong’s primary housing market as buyers anticipate possible interest rate cuts.

Swire Pacific Reports Record First-Half Profit as Property, Beverage and Aviation Businesses Strengthen

Hong Kong conglomerate Swire Pacific reported a forty-eight percent rise in underlying profit in the first half, with its diversified property, beverage and aviation operations showing resilience despite economic pressures in mainland Ch...

Hong Kong Moves to Lower Heat Stress Warning Thresholds for Outdoor Workers

The Labour Department is working with the Hong Kong Observatory to issue higher-level heat warnings sooner after severe summer temperatures prompted criticism from industry groups, a change that could affect construction and logistics op...

Hong Kong Police Use Drones in Major Traffic Enforcement Operation for First Time

Police in Eastern Kowloon used aerial drones to monitor and arrest drivers accused of dangerous high-speed driving along the Kwun Tong Bypass, marking a new use of drone technology in Hong Kong traffic enforcement.

Hong Kong Opens New Economic and Trade Office in Malaysia to Strengthen Southeast Asian Links

Hong Kong has established a new economic and trade office in Kuala Lumpur as part of an effort to attract Southeast Asian investment and deepen commercial connections between Hong Kong, the Greater Bay Area and regional markets.

Hong Kong Expects One Point Eight Five Million Second-Half Visitors as Major Events Drive Tourism

Financial Secretary Paul Chan Mo-po expects more than one point eight five million visitors in the second half of the year as Hong Kong stages more than one hundred major events, with the Kai Tak Sports Park expected to support tourism, ...

Shein Targets Thirty Billion Dollar Valuation in Hong Kong Initial Public Offering

Singapore-based online fashion retailer Shein is accelerating preparations for a Hong Kong listing that could come as early as next week, potentially bringing a major new source of liquidity to the city’s stock market amid volatile globa...

Hong Kong Commercial Real Estate Investment Surges 129 Percent in Second Quarter

Hong Kong attracted three point one billion US dollars in commercial property investment during the second quarter, the strongest growth in the Asia-Pacific region as office acquisitions helped draw institutional capital back into the ma...

Hong Kong Plans Broader Tax Exemptions to Attract Global Proprietary Trading Firms

Hong Kong’s Financial Services and the Treasury Bureau is preparing to extend performance-fee tax exemptions to major proprietary trading firms including Citadel Securities and Jane Street, seeking to strengthen the city’s appeal to inte...

Alibaba Cloud Cuts AI Data Center Deployment Time to One Hundred Days as Enterprise Demand Rises

Alibaba Cloud has shortened turnkey deployment timelines for large artificial intelligence data centers to one hundred days while opening its Qwen model platform to external developers, as Chinese cloud providers move to meet growing ent...

China Warns Pacific Islands Forum Against Taiwan Participation at Palau Summit

China’s Foreign Ministry has urged the Pacific Islands Forum to uphold the one-China principle after Taiwan was announced as a participant at an upcoming leaders summit in Palau, warning that regional diplomatic relations could be affected.

Chinese Property Developers Shift Toward Asset-Light Models as Housing Market Consolidates

Major Chinese property companies including Midea Real Estate are moving away from debt-funded residential land acquisitions toward commercial asset management and property services, seeking more stable cash flow as the housing market und...

Chinese GPU Developer Moore Threads Prepares Hong Kong IPO to Fund AI Expansion

Moore Threads has begun preparations for a Hong Kong stock market listing as the domestic graphics processor developer seeks offshore capital to advance chip design and expand artificial intelligence computing clusters with major cloud p...

China Imposes Provisional Anti-Dumping Deposits on Selected Agricultural Imports

China’s Ministry of Commerce has introduced provisional anti-dumping cash deposit requirements on selected agricultural imports from North America following preliminary trade investigations, seeking to protect domestic agricultural marke...

Chinese Biopharma Developer BeOne Medicines Expands Cancer Drug Partnership Across Asia

BeOne Medicines has signed an exclusive regional licensing agreement with United States-based Revolution Medicines to develop and commercialize four targeted cancer therapies across China and major Asian markets covering two billion peop...

China Directs Electric Vertical Aircraft Developers Toward Cargo Operations Before Passenger Flights

China’s transport and aviation regulators are directing developers of electric vertical takeoff aircraft to prioritize freight and logistics applications, with passenger services to follow only after strict safety standards and supportin...

China’s Power Battery Exports Surge as Global Energy Storage Demand Grows

China’s power battery exports rose forty-two point five percent to more than one hundred eighty-one gigawatt-hours in the first seven months of the year, with strong global demand for utility-scale energy storage helping offset a more me...

Chinese Chipmakers Poised to Capture Up to Ninety Percent of Domestic AI Server Market

Chinese semiconductor designers led by Huawei Technologies are projected to take as much as ninety percent of the domestic artificial intelligence server market this year as local chip production rises more than eighty percent year on ye...

China Tightens Social Security Enforcement, Raising Payroll Costs for Domestic Employers

Chinese authorities are intensifying enforcement requiring employers to calculate social security contributions from actual wages rather than minimum contribution thresholds, strengthening pension and unemployment funds while increasing ...

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