Hong Kong Times

A Standard Chartered survey found that upper-middle-class and high-net-worth residents in Hong Kong are increasingly directing wealth toward experiential assets such as immersive travel and wellness rather than traditional property inves...

Hong Kong Airport Passenger Traffic Rises 11.7 Percent in First Half

Passenger traffic at Hong Kong International Airport increased 11.7 percent in the first six months of the year, Financial Secretary Paul Chan said. The recovery in regional and international flight capacity reflects efforts by the gover...

Hong Kong Customs Seizes Cannabis Worth 56 Million Hong Kong Dollars in International Smuggling Case

Hong Kong Customs and Excise Department officers arrested 10 people and seized 240 kilograms of cannabis buds worth 56 million Hong Kong dollars during a month-long operation. Authorities said the investigation dismantled a transnational...

Hong Kong Court Orders Liquidation of State Investment Corporation Commodities Unit

A Hong Kong court has ordered the liquidation of a commodities unit owned by China's state-owned State Development and Investment Corporation after the business suffered severe financial distress. The case highlights Hong Kong's role as ...

Hong Kong Population Rises 0.3 Percent as Annual Births Fall to Record Low

Hong Kong's provisional midyear population rose 0.3 percent to more than 7.5 million, supported by government programmes to attract talent and labour. At the same time, the number of newborns fell 15.6 percent to a record low of 29,700, ...

Hong Kong to Revamp Heat-Stress Warning System After Worker Criticism

Hong Kong's government will introduce a revised heat-stress warning system by the end of August, Secretary for Labour and Welfare Chris Sun said. The overhaul follows criticism from labour unions and outdoor workers after the existing sy...

Hong Kong Gold Exchange Partners With Alibaba Cloud and Hundsun on New Trading Platform

The Hong Kong Gold Exchange has partnered with TGX Technology, Alibaba Cloud and Hundsun Technologies to establish a new trading system for the city's gold market. The platform is scheduled to begin pilot operations in early 2027 and sup...

Hong Kong Considers Hedge Fund Tax Break as Banks Warn of Wealth and Talent Outflows

A proposed Hong Kong tax exemption for global hedge funds has raised concerns among traditional banks that the policy could encourage high-net-worth clients and financial professionals to move away from established banking businesses. Th...

State Grid Raises 14.9 Billion Yuan in Hong Kong’s Largest State-Owned Enterprise Dim Sum Bond

State Grid Corporation of China raised 14.9 billion yuan through a multi-tranche offshore bond sale in Hong Kong, which attracted a record 193.8 billion yuan in investor orders. The transaction comes as dim sum bond issuance in the city ...

Hong Kong Exchange Reports Record Profit as Technology and AI Listings Surge

Hong Kong Exchanges and Clearing reported a record first-half net profit of 10.6 billion Hong Kong dollars, up 24 percent from a year earlier, as funds raised through initial public offerings jumped 94 percent. Chinese technology and art...

Hong Kong Data Centre Prices Surge 90 Percent as Chinese AI Firms Expand Offshore Capacity

Wholesale pricing for hyperscale data centre capacity in Hong Kong has risen 90 percent since the start of the year as mainland Chinese artificial intelligence developers expand offshore computing infrastructure to navigate trade restric...

China Confirms First Phase of Military Construction at Antelope Reef in South China Sea

Satellite imagery indicates that China has completed the initial reclamation phase at Antelope Reef in the contested South China Sea, adding to Beijing’s expanding military infrastructure in the region.

China’s Intelligent Computing Capacity Jumps 177 Percent as AI Infrastructure Expands

China’s Ministry of Industry and Information Technology said national intelligent computing capacity reached two thousand one hundred and eighty-five exaflops by the end of June, up one hundred and seventy-seven percent from a year earli...

Chinese New-Energy Vehicle Exports Nearly Double in July Despite Rising Tariffs

China’s overseas sales of new-energy vehicles nearly doubled in July, helping push total vehicle exports to a record and supporting broader trade growth as Chinese manufacturers expand shipments to emerging markets amid increasing tariff...

China’s Ten-Year Government Bond Yield Falls to 1.67 Percent as Economic Data Disappoint

China’s benchmark ten-year government bond yield fell to its lowest level since July 2025 after July data on industrial production, retail sales and fixed-asset investment came in below expectations, strengthening expectations of further...

Unitree Robotics Shares Surge 629 Percent in Shanghai Debut

Shares of Chinese humanoid robotics maker Unitree surged six hundred and twenty-nine percent on the STAR Market, briefly valuing the company at more than sixty billion yuan as investors showed strong appetite for physical artificial inte...

China Completes First Land-Based Recovery of Reusable Rocket Stage With Zhuque-3

Chinese commercial space company LandSpace successfully launched and recovered the first stage of its Zhuque-3 reusable rocket at the Dongfeng pilot zone, marking a major step toward lower-cost launches and the deployment of large domest...

Former Chinese Premier Zhu Rongji Dies at 98

Zhu Rongji, the reformist premier who oversaw China’s entry into the World Trade Organization and a sweeping restructuring of state-owned enterprises in the 1990s, has died at the age of ninety-eight.

Hong Kong Wealth Managers Prepare for Greater Scrutiny of Mainland Offshore Investment Gains

Hong Kong's private banking and wealth management sector is preparing for tighter enforcement of a 20 percent tax on offshore investment gains by wealthy mainland Chinese clients, while the city's liquidity, multicurrency capabilities an...

Citi Expands Hong Kong-Shenzhen Talent Program to Strengthen Cross-Border Fintech Expertise

Citigold has completed a cross-border training program in Shenzhen for Hong Kong-based wealth analysts, exposing young professionals to artificial intelligence applications and regional fintech networks as financial institutions deepen i...

Hong Kong Raises 2026 Growth Forecast to Up to 4.5 Percent After Strong Second Quarter

Hong Kong’s economy grew 4.3 percent in the second quarter as artificial intelligence-related exports and domestic consumption remained resilient, prompting the government to raise its full-year growth forecast to between 3.5 percent and...

Hong Kong Builds New Gold Trading Platform With Alibaba Cloud and Hundsun Technologies

Hong Kong Gold Exchange Trading System has partnered with Alibaba Cloud and Hundsun Technologies to develop a secure international gold clearing platform, with pilot operations planned for early 2027 as the city seeks to strengthen its p...

Hang Seng Tech Index to Expand to 50 Stocks in Broader Technology Benchmark

Hang Seng Indexes Company plans to add 20 companies to the Hang Seng Tech Index, bringing the benchmark to 50 constituents and broadening its coverage of fast-growing technology businesses for global investors.

Hong Kong Airport Passenger Traffic Rises 11.7 Percent in First Half as Terminal 2 Expands

Hong Kong International Airport handled 32.8 million passengers in the first six months of the year, while newly opened Terminal 2 departure facilities are expected to accommodate eight million passengers annually and support the city's ...

Shein Targets $35 Billion Valuation in Hong Kong Listing That Could Raise Up to $2.8 Billion

Singapore-based fast-fashion retailer Shein is reportedly preparing for a Hong Kong initial public offering that could raise as much as $2.8 billion, potentially making it one of the city's largest share sales in recent years.

Hong Kong Home Prices Forecast to Rebound 19 Percent by 2027 on Mainland Demand and Tight Supply

Bloomberg Intelligence expects secondary residential prices in Hong Kong to rise 19 percent over the next two years as mainland buyers and expatriate professionals increase demand while new-home completions are projected to fall to a 12-...

Hong Kong Exchange Extends Chief Executive Bonnie Chan’s Term by Three Years

Hong Kong Exchanges and Clearing has extended Chief Executive Bonnie Chan's contract for another three years, maintaining leadership continuity as the exchange works to attract Middle Eastern capital and expand its derivatives, commoditi...

Mainland Investors Pour $8 Billion Into Hong Kong Stocks Amid Global Technology Volatility

Mainland Chinese investors directed about $8 billion into Hong Kong equities through Stock Connect in July as global technology markets faced renewed volatility, providing an important source of liquidity for the city's relatively low-va...

Hong Kong Visitor Arrivals Rise 11 Percent to More Than 31 Million in First Seven Months

Hong Kong recorded 31.22 million visitor arrivals from January through July, including a 13 percent increase in visitors from mainland China, supporting the city's retail, hospitality and wider service industries as major events return.

Chinese Electric Vehicle Makers Shift Overseas Sales From Distributors to Direct Channels

Chinese electric vehicle manufacturers are restructuring international sales networks and increasingly moving toward direct-sales models in mature foreign markets as tariffs, geopolitical barriers and concerns over distributor relationsh...

New Energy Vehicles Exceed 60 Percent of China’s Domestic Car Sales in July

New energy vehicles accounted for more than 60 percent of new car sales in China in July, reaching a record penetration level as strong overseas shipments helped offset a sharp decline in traditional domestic vehicle purchases.

JD.com Reports First Quarterly Revenue Decline as Consumer Electronics Demand Weakens

Chinese e-commerce company JD.com reported a 2.9 percent decline in second-quarter revenue as cautious consumer spending and reduced government subsidies for home appliances weighed on demand despite stronger profitability.

Chinese Autonomous Driving Firm WeRide Targets Profitability by 2029

WeRide expects to reach break-even by 2029 as it expands robotaxi operations overseas and grows advanced driver-assistance sales, seeking to offset continued high research and development costs.

SMIC Raises Advanced Foundry Prices as China’s Artificial Intelligence Demand Surges

Semiconductor Manufacturing International Corporation is increasing prices for some advanced wafer capacity in the third quarter as stronger domestic demand for artificial intelligence chips puts pressure on sought-after foundry capacity.

China Accounts for 85 Percent of Global Humanoid and Quadruped Robot Shipments

Chinese robotics manufacturers now account for 85 percent of global shipments of humanoid and quadruped robots, reflecting the country's growing ability to build complete supply chains for physical artificial intelligence.

People’s Bank of China Uses Up to 600 Billion Yuan in Daily Reverse Repos to Manage Liquidity

The People’s Bank of China has begun using its new open-market tool for overnight reverse repo operations capped at 600 billion yuan a day, aiming to smooth short-term liquidity fluctuations and reduce financing costs for commercial inst...

Inner Mongolia’s Ulanqab Attracts Major Data Center Investment for Artificial Intelligence

Ulanqab is drawing hundreds of billions of yuan in data center investment by combining a cool climate with inexpensive renewable electricity, reinforcing the shift of China’s computing infrastructure toward inland regions.

China and Ecuador Strengthen Partnership With Focus on Minerals, New Energy and Digital Investment

President Xi Jinping and Ecuadorian President Daniel Noboa agreed to deepen cooperation, with China emphasizing closer alignment of development strategies and investment opportunities in minerals, new energy and the digital economy.

China Expands Housing Provident Fund Withdrawals to Support Property Demand and Consumption

China will broaden access to housing provident fund withdrawals from September 20, allowing residents to use the funds for property management fees and home renovations while removing existing rent-to-income thresholds.

China’s Economic Growth Slows as July Retail Sales and Industrial Output Miss Expectations

China’s industrial production grew 4.5 percent in July while retail sales rose just 0.6 percent, pointing to weaker domestic demand as the property market remains unstable and increasing pressure on policymakers to support growth.

Hong Kong Seeks Tax Reforms to Attract More Corporate Treasury Centres

Hong Kong policymakers are consulting on tax concessions aimed at attracting multinational and mainland companies to establish corporate treasury centres in the city, with proposed tiered incentives designed to support international liqu...

SenseTime Forecasts First Profit Since IPO as Generative AI Pivot Drives Shares Higher

Hong Kong-listed SenseTime expects first-half net profit of up to seven hundred million yuan, marking a major turnaround as its shift toward generative artificial intelligence lifts investor confidence and sends shares up more than thirt...

Hong Kong and Macao Introduce Automated Immigration Clearance Using Mainland Travel Permits

Eligible Hong Kong permanent residents and Macao citizens can now use Mainland Travel Permits for automated immigration clearance at designated border checkpoints, easing travel between the two special administrative regions and neighbor...

HKG Times