Hong Kong Times

Keytop Parking Shares Jump More Than 200% in Hong Kong Market Debut

Keytop Parking shares surged about 210% during their first trading session after the company raised roughly HK$340 million for expansion and research, reflecting strong demand for the newly listed parking-technology operator. ([business...

Hong Kong Exchange Expands Technology Benchmarks With Semiconductor and Global Tech Indices

Hong Kong Exchanges and Clearing has broadened its technology index offering with benchmarks covering semiconductors and international technology companies, creating additional foundations for exchange-traded investment products. ([HKEX...

Hong Kong External Trade Rises 18.4% Despite Weak Container Throughput

Hong Kong recorded an 18.4% increase in external trade as stronger commercial flows with Asian partners outweighed continued weakness in traditional container-shipping activity.

Muyuan Foods Raises 5.35 Billion in Major Hong Kong Listing

Chinese agricultural group Muyuan Foods secured commitments from 14 cornerstone investors for its Hong Kong offering, highlighting continued demand for large mainland company listings in the city.

Hong Kong Unveils First Five-Year Plan With Northern Metropolis at Centre of Growth Strategy

Chief Executive John Lee has released Hong Kong’s first five-year development plan, placing the Northern Metropolis at the heart of efforts to expand technology, education, industry and economic links with the Greater Bay Area. ([Hong K...

Hong Kong Reaffirms Push to Expand Offshore Renminbi and Capital-Market Connectivity

Financial Secretary Paul Chan has reiterated Hong Kong’s role in supporting China’s financial development as authorities work to strengthen offshore renminbi business and deepen connections with international capital markets. ([Hong Kon...

Central Office Rents Edge Higher as Hong Kong’s Premium Towers Fill Up

Office rents in Hong Kong’s Central business district rose 0.4% following net absorption of 537,000 square feet as financial institutions and multinational companies increased demand for premium workspace.

Guangzhou Schools Cut Contract Teachers as Student Enrolment Declines

Public schools in Guangzhou are reducing contract teaching positions as lower birth rates translate into falling enrolment, bringing the effects of China’s demographic contraction into one of its largest cities.

China-ASEAN Expo Launches Artificial Intelligence Marketplace in Nanning

The 23rd China-ASEAN Expo has introduced an artificial intelligence marketplace intended to connect Chinese technology providers with commercial and institutional users across Southeast Asia.

Former Liaoning Political Adviser Dai Yulin Placed Under Anti-Corruption Investigation

Dai Yulin, a former senior political adviser in Liaoning province, is under investigation for suspected serious violations of discipline and law, according to China’s Central Commission for Discipline Inspection.

Ant International Deploys AI Agents Across Cross-Border Financial Operations

Ant International has introduced artificial intelligence agents designed to automate parts of global treasury and financial operations as Chinese fintech companies increase their use of autonomous systems in digital payments.

Huawei Accelerates Ascend 960 Artificial Intelligence Chip Roadmap

Huawei is bringing forward its next-generation Ascend 960 artificial intelligence processors and developing new supernode architecture as it expands domestic computing capacity and competes with foreign chip suppliers.

China’s Green Technology Exports Continue Rising Despite Trade Barriers

Chinese exports of electric vehicles, batteries and other clean-energy technologies continue to grow despite higher tariffs and trade friction, reflecting sustained overseas demand for the country’s manufacturing capacity.

Evergrande’s Electric Vehicle Unit Ends Car Production as Delisting Looms

China Evergrande New Energy Vehicle Group has ceased automotive manufacturing as the troubled subsidiary approaches possible delisting, ending the property group’s attempt to build a major electric vehicle business.

ByteDance Profit Reportedly Falls to $20 Billion as Artificial Intelligence Spending Surges

ByteDance’s first-half net profit reportedly declined to about $20 billion as the TikTok and Douyin owner sharply increased spending on artificial intelligence infrastructure and computing capacity.

China’s Fiscal Revenue Growth Slows as Government Spending Contracts

New fiscal data show weaker revenue growth alongside a contraction in government expenditure, adding pressure to local authorities already dealing with constrained finances and softer land-sale income.

Alibaba Open-Sources Medical AI Model for Cancer and Other Conditions

Alibaba’s DAMO Academy has released an open-source artificial intelligence model designed to detect cancers and nearly 150 abdominal conditions, with research based on almost 40,000 real-world clinical examinations.

Hong Kong Expands Cash, Tax and Housing Incentives to Encourage Larger Families

Chief Executive John Lee has announced higher newborn bonuses and tax allowances for second and subsequent children alongside housing measures intended to encourage more births in Hong Kong.

China Targets 3.5 Trillion Yuan Pharmaceutical Industry by 2030

A new five-year plan calls for revenue at major Chinese pharmaceutical companies to exceed 3.5 trillion yuan by 2030, while the innovative-drug sector is targeted to grow by more than 20% annually.

Chinese Researchers Outline Route to 3-Nanometre Chips Using Legacy Lithography

Chinese Academy of Sciences researchers have demonstrated a potential pathway for producing advanced 3-nanometre semiconductors with older deep-ultraviolet lithography equipment, although large-scale manufacturing remains distant.

Chinese Yuan Strengthens Past 6.7 Per Dollar to Three-Year High

China’s onshore and offshore yuan have strengthened beyond 6.7 against the US dollar, reaching their highest levels in three years as changing global monetary conditions and capital flows reshape the currency outlook.

China’s Youth Unemployment Reaches Record Under Current Measure

Official data show joblessness among young Chinese workers at a record level under the current statistical measure, highlighting continued difficulty matching graduates with jobs as the economy shifts toward technology-intensive industries.

John Lee Unveils Hong Kong’s First Five-Year Economic and Innovation Plan

Chief Executive John Lee’s 2026 policy address sets out a five-year development strategy focused on higher innovation spending, economic diversification and measures to strengthen Hong Kong’s position in finance, technology and trade.

Hong Kong Prepares State Funeral for First Chief Executive Tung Chee-hwa

Hong Kong is preparing a formal state funeral for Tung Chee-hwa, the city’s first Chief Executive after the 1997 handover, following memorial events attended by senior officials, business figures and international representatives.

Hong Kong Plans New Training Visa to Expand International Talent Pipeline

A new visa category expected to launch in the first quarter of 2027 will allow overseas professionals to participate in approved short-term training programmes as Hong Kong expands its talent-attraction policies.

Hong Kong Introduces Tax Incentives to Attract International Commodity Traders

The Hong Kong government is introducing tax concessions for physical commodity trading as it seeks to attract more global firms and broaden the city’s financial and maritime services industries.

Hong Kong to Open Waters to Guangdong Yachts Under October Southbound Scheme

Hong Kong plans to allow Guangdong-registered yachts to enter its waters from October, creating a new cross-border leisure arrangement intended to support maritime tourism and visitor spending.

Hong Kong to Trial Cross-Border Data Access for AI and Biotech Firms in Northern Metropolis

About 10 artificial-intelligence and biotechnology companies in the Hong Kong-Shenzhen Innovation and Technology Park will receive early access to cross-border data flows, advancing digital integration within the Greater Bay Area.

Hong Kong to Appoint Dedicated AI Commissioner to Lead Government Strategy

Hong Kong will create a Commissioner for Artificial Intelligence under the Digital Policy Office to coordinate adoption, regulation and risk management across government departments.

Hong Kong Targets HK$126 Billion in Tourism Economic Output by 2030

Hong Kong’s five-year development blueprint aims to lift the tourism industry’s value added to HK$126 billion by 2030, supported by major sporting events, film-related tourism and efforts to attract higher-spending visitors.

Hong Kong Launches Foreign Carer Pilot to Address Elderly Care Workforce Shortage

Hong Kong will introduce a pilot scheme admitting foreign domestic carers with advanced elderly-care training and experience, expanding the labour pool available to support an ageing population.

Cathay Pacific Ranks Third Globally in 2026 Skytrax Airline Awards

Cathay Pacific placed third in the 2026 Skytrax World Airline Awards and also received honours for the world’s best cabin crew and first-class airline lounge, strengthening Hong Kong’s aviation sector as international travel recovers.

Northern Metropolis University Town Reaches Milestone as Loop Academy One Nears Completion

Loop Academy One is scheduled for completion within months as the first major building in Hong Kong’s Northern Metropolis university town initiative, bringing universities, research institutions and technology development together in the...

China Tightens Oversight of Overseas Investments by Individual Residents

Revised overseas investment rules would require Chinese resident investors to obtain formal approval or state filing notices before deploying capital abroad, expanding government oversight of private offshore investment.

China Completes Six Orbital Launches in Six Days as Commercial Space Activity Accelerates

China recorded six successful orbital launches in less than a week, including a Kinetica-1 mission carrying nine satellites for applications including artificial-intelligence computing and space-to-ground laser communications.

China Targets 3.5 Trillion Yuan Pharmaceutical and Biotechnology Industry by 2030

Beijing has unveiled a five-year plan aimed at expanding China’s pharmaceutical and biotechnology sector to 3.5 trillion yuan by 2030, with policy support focused on faster growth in domestically developed innovative medicines.

China Drafts Plan to Consolidate Local Government Levies Into Single Surtax

China’s State Council is preparing legislation that would allow provincial governments to merge multiple local levies into a single surtax of between 11% and 13% as authorities seek more stable revenue following the decline in land-sale ...

China’s Investment Slump Deepens as Property Weakness and Youth Unemployment Rise

China’s fixed-asset investment fell 7.2% in the first eight months of the year as real estate development dropped nearly 20%, while August retail sales grew just 0.4% and youth unemployment reached a record high.

China Threatens Countermeasures Over New US Secondary Sanctions on Russian Energy Buyers

China’s Commerce Ministry opposed new US legislation authorising tariffs on third countries that import Russian energy and said Beijing would take measures to protect Chinese companies from what it described as extraterritorial interfere...

People’s Bank of China Holds Benchmark Lending Rates Steady for 16th Month

China’s central bank kept the one-year Loan Prime Rate at 3% and the five-year rate at 3.5%, maintaining borrowing costs as pressure on bank margins and the interest-rate gap with the United States limit room for further easing.

Hong Kong Customs Seizes Record HK$125 Million Marijuana Shipment

Hong Kong customs officers arrested three people after intercepting HK$125 million worth of marijuana transported by sea, marking a record marine seizure for the city.

Cathay Pacific Retains Third Place in Global Airline Ranking

Cathay Pacific has again been ranked the world’s third-best airline in the latest Skytrax awards, while also receiving recognition for its cabin crew and lounge services.

Hong Kong to Allow Guangdong Yachts Into Local Waters From October

Hong Kong will open its waters to private yachts from Guangdong under a new cross-border scheme starting in October, seeking to develop high-end maritime tourism and increase leisure spending.

HKG Times