Hong Kong Times

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...

Hong Kong Stocks Rise as Technology and Financial Shares Lead Market Higher

Hong Kong equities closed higher on Monday, with the Hang Seng Index gaining 1.14% to 23,616.32 as technology and financial stocks advanced. Investors tracked broader gains across regional markets while awaiting upcoming Chinese economic...

Hong Kong Monetary Authority Warns Public Over New Bank Scam Campaign

The Hong Kong Monetary Authority has issued a public alert over a new wave of bank-related fraud, advising anyone who has shared personal information or completed transactions after receiving suspicious messages to contact their bank and...

Saudi Arabia's Elm Company to Join Inaugural LEAP East Hong Kong Technology Summit

Saudi digital solutions company Elm will take part in the first LEAP East Hong Kong conference, which opens on July 8 at the Hong Kong Convention and Exhibition Centre. The event reflects broader efforts to strengthen technology cooperat...

Shanghai Stock Exchange Advances IPO Plans for Semiconductor Technology Companies

The Shanghai Stock Exchange has accepted initial public offering applications from XPHOR and InnoGrit, supporting investment in silicon photonics and domestic storage controller technologies. The proposed listings reflect China's continu...

Hong Kong Exchange Cuts Board Lot Minimums to Lower Barriers for Retail Investors

Hong Kong Exchanges and Clearing will introduce a new board lot framework that lowers the minimum investment threshold to HK$1,000 while capping maximum lot values at HK$50,000, aiming to improve market accessibility, boost liquidity and...

Hong Kong Attracts More Than 400 New and Expanded Business Investments in First Half

The government's investment promotion agency said 413 overseas and mainland companies established or expanded operations in Hong Kong during the first six months of the year, bringing HK$53 billion in investment and creating more than 8,...

Airport Authority Speeds Up Skytopia and Terminal Two Expansion Ahead of Summer Travel Peak

Hong Kong International Airport is accelerating work on its Airport City development and the phased opening of Terminal Two facilities to accommodate rising passenger demand and strengthen the city's position as a regional aviation hub f...

Towngas and Geely Farizon Partner to Build Green Methanol Fuel Network

The Hong Kong and China Gas Company and Geely's commercial vehicle unit Farizon have agreed to develop local methanol supply and refuelling infrastructure, supporting lower-carbon transport for the logistics and construction industries.

Sino Land and JD Group Join Forces to Bid for Northern Metropolis Development

Sino Land has teamed up with mainland e-commerce company JD Group and other partners to bid for the Hung Shui Kiu project, while Henderson Land submitted the only standalone proposal, highlighting evolving investment strategies in the No...

Greater Bay Area Students Develop Artificial Intelligence and Neurotechnology Ethics Charter

More than 100 student delegates from across the Greater Bay Area gathered in Hong Kong at a summit organized by the UNESCO Hong Kong Association to draft policy principles for artificial intelligence and neurotechnology, reinforcing the ...

Hang Seng Index Rebounds as Technology and Financial Stocks Lead Gains

Hong Kong's benchmark Hang Seng Index recovered late-June losses to close at 23,350, supported by buying in major companies including Tencent, HSBC and Xiaomi as investors weighed artificial intelligence optimism against concerns over ma...

Hong Kong Financial Authorities Launch Joint Campaign to Combat Banking Fraud

The Hong Kong Monetary Authority and the Hong Kong Association of Banks have begun a coordinated initiative to raise public awareness, strengthen compliance measures and improve cross-sector cooperation against increasingly sophisticated...

Global Brands Return to Hong Kong's Prime Shopping Districts

International and mainland retailers are expanding in key commercial areas including Causeway Bay and Central, taking advantage of stabilizing rents and improving consumer sentiment to capture demand from local shoppers and high-end visi...

Hong Kong Hosts Major Digital Asset Events as Regulated Crypto Market Expands

A series of international conferences on blockchain and institutional digital assets will be held in Hong Kong, reflecting efforts to strengthen the city's position as a regulated global centre for cryptocurrency and financial technology.

China Faces Pressure to Reform Local Government Financing Vehicles Before 2027 Deadline

Analysts warn many Local Government Financing Vehicles remain financially fragile as they prepare for mandatory commercialization by mid-2027, with a large share still unable to generate enough operating cash flow to cover interest costs...

China and Russia Begin Joint Sea-2026 Naval Exercises Near Qingdao

Chinese and Russian naval forces have launched the Sea-2026 exercises in waters and airspace near Shandong, conducting live-fire drills, integrated air defense operations and coordinated patrol preparations in the Pacific.

China Opens Lithium Carbonate Futures Market to Foreign Investors

The Guangzhou Futures Exchange has allowed overseas participation in lithium carbonate futures and options trading, enabling foreign investors to use U.S. dollars as margin collateral while expanding China's role in global battery materi...

Semiconductor Prices Rise as Artificial Intelligence Demand Tightens Chip Supply

Manufacturers have raised prices by as much as 25% for some power semiconductors and memory chips as surging demand from artificial intelligence data centers outpaces available eight-inch wafer production capacity, with supply constraint...

China's Services Sector Continues to Expand Despite Slower Growth in June

The Caixin Services Purchasing Managers' Index eased to 54.1 in June from 54.5 in May, indicating continued expansion while highlighting a more moderate pace of recovery in domestic consumption and services activity.

China Eases Listing Rules to Speed Capital Raising for Advanced Chipmakers

Technology firms including XPHOR and InnoGrit are moving ahead with listings on Shanghai's STAR Market after regulators relaxed profitability requirements for hard-technology companies seeking funding for artificial intelligence and semi...

Chinese Property Market Weakness Persists as Existing Home Prices Fall Across Most Major Cities

Data from the China Index Academy showed secondary home prices declined in 88 of China's 100 largest cities in June, suggesting government stimulus measures have yet to stabilize the housing market as buyers continue waiting for clearer ...

People's Bank of China Launches One Trillion Yuan Reverse Repo Operation to Support Financial Liquidity

The People's Bank of China will conduct a one trillion yuan outright reverse repo operation on July 6 using its three-month facility to inject liquidity into the banking system as policymakers seek to support an uneven economic recovery.

China's Electric Vehicle Exports Grow as Tougher Battery Safety Standards Take Effect

Automakers including BYD and NIO reported strong June sales driven largely by export demand, while new domestic regulations introduced stricter battery safety requirements, including physical power disconnects and enhanced fire preventio...

China Tightens Rules on Emotionally Interactive Artificial Intelligence

Technology companies are racing to comply before July 15 with new regulations that ban emotional manipulation, require anti-addiction features for minors, and prohibit the creation of virtual intimate companions.

Hong Kong Lawmaker William Wong Resigns Following Arrest and University Suspension

William Wong stepped down from the Legislative Council after his arrest and suspension by the Chinese University of Hong Kong, marking the first resignation by a sitting lawmaker over a scandal in 26 years.

Hong Kong's Third Medical School Expands Faculty Recruitment to Address Doctor Shortage

The new medical school is recruiting retired academics and overseas doctors while aiming to increase annual student intake to 200 as part of efforts to strengthen the city's long-term healthcare workforce.

Hong Kong Advances Northern Metropolis Project After Receiving Two Consortium Bids

The Development Bureau said the mix of property developers and operating partners in the bids supports progress on the Hung Shui Kiu pilot project, while market analysts continue to call for caution in future land tenders amid a subdued ...

Calls Grow for Tougher Cybersecurity Penalties After Data Breach Affecting More Than One Million People

Cybersecurity specialists are pressing for stronger corporate penalties after a major appliance distributor suffered a breach that exposed the personal information of more than one million Hong Kong residents.

Momenta IPO Oversubscribed 414 Times in Boost for Hong Kong Listing Market

Strong retail and institutional demand for autonomous driving startup Momenta's initial public offering points to renewed momentum in Hong Kong's capital markets as mainland technology companies increasingly return to the city to raise i...

Kai Tak Stadium to Host Manchester City, Chelsea, Inter Milan and Juventus This Summer

Hong Kong's new Kai Tak Stadium will stage the Hong Kong Football Festival from late July, with leading European clubs expected to attract more than 100,000 spectators across the tournament.

Hong Kong Employment Outlook Turns Negative as AI Reshapes Entry-Level Hiring

A ManpowerGroup survey showed the city's net employment outlook fell to minus 9% for the third quarter, reflecting weaker hiring sentiment and growing use of artificial intelligence in roles traditionally filled by recent graduates.

Hang Seng Rallies as Softer US Jobs Data Strengthens Rate Pause Expectations

Hong Kong stocks climbed sharply, led by technology shares, after weaker-than-expected United States employment data boosted expectations that the Federal Reserve will keep interest rates on hold, improving investor appetite for risk ass...

Industry Leaders Call for Hong Kong to Become China's Space Finance Hub

Legal and financial experts are urging Beijing to leverage Hong Kong's capital markets and legal framework to support financing and commercial services for China's expanding space industry.

Hetao Innovation Hub Reaches Full Capacity in First Phase With 90 Technology Firms

Two wet laboratory buildings at the Hong Kong-Shenzhen innovation hub have been fully leased, with mainland companies accounting for more than half of the tenants, highlighting closer cross-border collaboration in biotechnology and scien...

Hong Kong Welcomes 17,000 Delegates for Lions Clubs International Convention

The five-day convention at AsiaWorld-Expo is expected to provide a significant boost to the hospitality sector while reinforcing Hong Kong's position as a leading destination for international conferences and large-scale events.

China's AI and Semiconductor Companies Accelerate Shanghai STAR Market IPO Plans

Domestic developers of artificial intelligence hardware, silicon photonics and storage technologies are moving ahead with public listings to finance capacity expansion, supported by strong demand for locally developed computing infrastru...

China Opens Lithium Carbonate Futures Market to International Investors

Regulators have granted foreign investors access to lithium carbonate futures and options trading on the Guangzhou Futures Exchange, expanding hedging opportunities for global battery and electric vehicle supply chains.

Chinese Airlines Cut Domestic Fuel Surcharges as Summer Travel Demand Softens

Airlines across China have reduced fuel surcharges on domestic routes, offering modest savings for passengers while carriers continue to contend with high jet fuel costs and weaker-than-expected seasonal travel demand.

China Introduces Tougher Electric Vehicle Battery Safety Standards

New national regulations require electric vehicle batteries to withstand thermal runaway without catching fire or exploding, raising safety requirements across the industry and setting a higher technological threshold for manufacturers.

China's New Home Market Faces Renewed Pressure as Sales Outlook Weakens

Analysts have lowered forecasts for new home sales after signs of recovery faded, with demand increasingly shifting toward existing homes and the residential property market remaining under pressure.

China Raises Solar Manufacturing Standards to Address Industry Overcapacity

State planners have introduced mandatory energy efficiency and performance standards for photovoltaic manufacturing from next year, aiming to encourage industry consolidation and ease persistent oversupply in the solar sector.

HKG Times