Hong Kong Times

Sino Land Profit Rises 14% as Property Revaluation Losses Narrow

Hong Kong developer Sino Land reported a 14% increase in annual net profit as property revaluation losses eased, though weaker core earnings continued to reflect pressure across the city’s property market.

Hong Kong Hosts Greater Bay Area Summit on Green Technology and Digital Services

Hong Kong Chief Executive John Lee and mainland officials have outlined plans to combine Hong Kong’s financial strengths with Shenzhen’s manufacturing base to expand green technology and digital services.

China’s Central Bank Governor Blames Protectionism for Global Economic Imbalances

The governor of the People’s Bank of China told a Group of Twenty meeting that rising protectionism is worsening global economic imbalances and rejected claims that Chinese industrial overcapacity is disrupting international supply chains.

China Rolls Out Nationwide Cross-Border Cash Pooling for Multinational Companies

The People’s Bank of China and foreign exchange authorities have expanded cross-border cash pooling nationwide, allowing multinational companies to centrally manage domestic and overseas funds in two currencies.

Xi Says China Ready to Help Safeguard Gulf Shipping Routes During Egypt Visit

Chinese President Xi Jinping used a state visit to Cairo to propose a new regional security framework and signed multibillion-dollar agreements covering data centers, semiconductors and clean energy in the Suez Canal Economic Zone.

China Orders Disciplinary Action for Officials Who Miss Carbon Targets

China’s State Council has introduced rules allowing formal disciplinary measures against local officials and state-owned enterprise leaders who fail to meet carbon-peaking and carbon-neutrality objectives.

China Expands Foreign Investor Access to Domestic Bond Repurchase Market

Chinese financial regulators are allowing overseas institutional investors broader access to bond repurchase transactions, seeking to deepen market liquidity and make Chinese sovereign and corporate debt more attractive internationally.

China Targets AI, Robotics and Advanced Manufacturing in Next Five-Year Plan

Chinese leaders are preparing a new five-year policy framework that prioritizes artificial intelligence in manufacturing alongside increased state investment in robotics and advanced hardware.

China Moves to Curb Solar Industry Price War as Oversupply Hits Profits

Chinese policymakers are preparing regulatory measures to stabilize the solar manufacturing sector as severe oversupply and falling prices threaten the financial health of domestic producers.

Joshua Wong Pleads Guilty in Second Hong Kong National Security Case

Hong Kong pro-democracy activist Joshua Wong has pleaded guilty to conspiracy to collude with foreign forces in his second prosecution under the city’s national security law.

Chinese Cloud Providers Lag US Rivals in AI Infrastructure Spending

Financial market analysis shows China’s leading cloud companies are investing less heavily in artificial intelligence infrastructure than major US competitors despite Beijing’s push to expand domestic AI capabilities.

Hong Kong Raids Target Unregistered Cancer Vaccines

Health authorities and police raided 10 locations across Hong Kong, arresting two people and seizing unauthorised cancer vaccines as regulators stepped up enforcement of pharmaceutical standards.

Northern Metropolis Technology Park Tender Draws Six Major Bids

A land tender for a pilot technology park in Hong Kong’s Northern Metropolis attracted six bids from major developers, showing continued investor interest in the government’s innovation and Greater Bay Area development plans.

Hong Kong-Peru Free Trade Agreement Takes Effect

A new free trade agreement between Hong Kong and Peru has entered into force, reducing tariff barriers and expanding market access between the Asian financial hub and the Latin American economy.

Jollibee Plans Hong Kong Listing for International Business

Philippine restaurant group Jollibee Foods is advancing plans to list its international operations in Hong Kong, potentially adding a major Southeast Asian company to a market seeking to diversify beyond mainland Chinese issuers.

Mainland Chinese Brokerages Inject Fresh Capital Into Hong Kong Operations

Major Chinese investment banks including Citic Securities, CICC and Guotai Junan are increasing capital commitments to their Hong Kong subsidiaries as they expand cross-border dealmaking and international operations.

Joshua Wong Pleads Guilty to Foreign Collusion Under Hong Kong National Security Law

Prominent democracy activist Joshua Wong pleaded guilty to colluding with foreign forces, marking a significant case under Hong Kong’s Beijing-imposed National Security Law and drawing close international attention.

HKEX Revamps Tech 100 Index to Add AI and Autonomous Driving Companies

Hong Kong Exchanges and Clearing has restructured its Tech 100 index to include companies such as Pony.ai and WeRide, reflecting the growing prominence of artificial intelligence and autonomous-driving businesses in the city’s equity mar...

Hong Kong Court Upholds Convictions of Cardinal Joseph Zen and Associates

An appellate court dismissed appeals by Cardinal Joseph Zen and several others convicted of failing to properly register a humanitarian relief fund used during the 2019 protests.

Nio Extends Profitability as Deliveries and Vehicle Margins Improve

Chinese electric vehicle maker Nio reported continued profitability and stronger gross margins as vehicle deliveries increased despite fierce domestic price competition.

China Names Veteran Financial Regulator to Lead Market Watchdog

The State Council appointed an experienced financial regulator to head the national market supervisory administration, reinforcing Beijing’s emphasis on regulatory enforcement and institutional discipline.

Chinese Brokerage Profits Rise Nearly 50% on Proprietary Trading

First-half earnings at listed Chinese brokerages increased by almost 50%, driven heavily by proprietary trading even as analysts warned that the results masked weaker underlying market performance.

Former Shanxi Lawmaker Indicted Over Illegal Allocation of Coal Resources

A former senior legislator in Shanxi province has been charged with abusing state authority to allocate mining resources illegally as Beijing continues its anti-corruption campaign in the energy sector.

Tencent Opens WorkBuddy to Outside Developers in Enterprise AI Push

Tencent has opened its WorkBuddy platform to third-party developers as the company seeks wider adoption of generative artificial intelligence tools across corporate workflows.

Manus Returns to Independent Operations After Meta Acquisition Collapses

Chinese artificial intelligence startup Manus resumed independent operations under its founding team after a proposed acquisition by Meta Platforms fell apart amid cross-border regulatory barriers.

China Revises Lawyers Law to Explicitly Require Communist Party Loyalty

Chinese lawmakers finalised changes to the national Lawyers Law that strengthen some professional rights while formally requiring lawyers to uphold loyalty to the Chinese Communist Party.

Zhipu Revenue Nearly Quadruples as Enterprise AI Business Expands

Chinese artificial intelligence developer Zhipu reported revenue growth of almost 400% as demand for its APIs and open-platform services increased, though heavy spending on model training and data infrastructure continues to weigh on pro...

Nearly 1,100 Chinese Companies Report Higher Sales but Lower Profits

Almost 1,100 A-share companies posted rising first-half revenue alongside declining earnings as price competition, raw-material volatility and currency movements squeezed corporate margins.

China Tightens Tax Rules on Insider Share Sales

Chinese securities regulators closed loopholes involving post-lockup bonus shares and removed a standard 15% cost deduction that had been used by corporate insiders to reduce capital gains tax liabilities.

Tencent-Backed Enflame Targets $9 Billion Valuation in AI Chip IPO

Chinese artificial intelligence chipmaker Enflame Technology is seeking a $9 billion valuation in its initial public offering, reflecting strong domestic investor demand for semiconductor companies.

Solar Overtakes Coal as China’s Largest Power Source by Capacity

Solar has become China’s biggest source of installed power capacity, marking a major energy milestone even as the sector faces overcapacity, intense price competition and slowing additions.

Beijing Orders Automakers to Rein In Price Wars and Improve Overseas Compliance

Chinese policymakers instructed domestic carmakers to curb aggressive discounting and strengthen regulatory compliance abroad as authorities seek to protect industry profitability and reduce trade friction over electric vehicle exports.

U.S. Technology Controls Accelerate China’s Push for Domestic AI Chips

Tighter U.S. export restrictions are pushing Chinese artificial intelligence developers toward homegrown semiconductors, boosting local chip design while advanced manufacturing constraints remain a major obstacle.

Chinese Banks Report Rising Nonperforming Retail Loans

Major Chinese lenders are increasing provisions and accelerating disposal of troubled household debt as tighter credit-card rules and weaker consumer repayment capacity drive up bad retail loans.

Hong Kong Family Offices Increase Investment in Surgical Robotics and Brain Technology

Wealth managers and venture investors in Hong Kong are directing more capital toward medical hardware, surgical robotics and neurological technologies as high-net-worth clients diversify beyond traditional property and equity investments.

Hong Kong Robot Convenience Store Launches Hit by Rain and Internet Outages

The opening of fully automated humanoid robot convenience stores in Hung Hom, Wan Chai and Kai Tak was disrupted by connectivity problems and heavy rain, providing an early test of artificial intelligence-powered retail in a labour-const...

Mainland Chinese Brokerages Expand Overseas Operations Through Hong Kong

Leading Chinese securities firms are reporting stronger international profits as they expand overseas, with Hong Kong subsidiaries serving as the main platform for accessing global capital markets.

Hong Kong Mortgage Rate Outlook Remains Cautious Despite Federal Reserve Easing Signals

Hong Kong property analysts expect limited near-term movement in local prime rates even as global markets anticipate monetary easing, potentially prolonging financing costs for indebted homeowners and property developers.

Hong Kong Airport Adds Generative AI Customer Service and Real-Time Baggage Tracking

Airport Authority Hong Kong introduced generative artificial intelligence service avatars and real-time baggage tracking dashboards in Terminal One as part of a broader technology upgrade alongside the three-runway system.

Sino Land Reports 14% Rise in Underlying Profit as Property Losses Narrow

Hong Kong developer Sino Land posted a 14% increase in underlying profit and reduced development losses while continuing to add to its land bank despite persistent property-market headwinds.

HKG Times