Hong Kong Times

Baiwang Approves HK$105 Million Share Buyback Programme

Baiwang Company Limited has authorized the repurchase of up to 10% of its H Shares with a maximum value of HK$105 million through June 2027, reflecting confidence in its financial position and long-term shareholder value.

Hong Kong Drug Regulator Steps Up Hiring as It Pursues WHO Recognition

Hong Kong's independent drug regulatory body is expanding recruitment to strengthen its capabilities as it seeks official recognition from the World Health Organization, supporting the city's ambition to become a regional center for phar...

Hong Kong Medical Council to Be Reformed to Improve Transparency and Complaint Handling

The government plans to increase the proportion of lay members on the Medical Council of Hong Kong to 31% and introduce stricter timelines for handling complaints in an effort to improve accountability and efficiency.

Hong Kong Police Crack Down on Human Trafficking Linked to Myanmar Scam Compounds

A Hong Kong beautician has pleaded guilty to luring two women into a human trafficking operation that sent victims to scam compounds in Myanmar, as authorities continue efforts to combat cross-border organized crime.

Luxury Mid-Levels Penthouse Sale Sets Hong Kong's Highest New-Home Price This Year

A penthouse in Hong Kong's Mid-Levels district has been sold for US$48.5 million, setting the city's highest per-square-foot price for a newly built home in 2026 and underscoring continued demand at the top end of the property market.

Hong Kong Economy Grows 5.9% in First Quarter as Trade and Domestic Demand Strengthen

Hong Kong's economy expanded 5.9% year on year in the first quarter of 2026, accelerating from the previous quarter as strong external trade, particularly in AI-related electronics, combined with stable consumer spending and business inv...

Hong Kong IPO Market Defies Broader Share Decline as AI and Advanced Manufacturing Listings Gain

Newly listed companies linked to artificial intelligence, semiconductors and advanced manufacturing opened mostly higher despite a 1.4% fall in the Hang Seng Index, highlighting continued investor interest in technology-focused businesses.

Hong Kong to Expand Southbound Travel Scheme to 21 Guangdong Cities

The government plans to extend the cross-boundary driving scheme to 21 cities in Guangdong province next year after applications surged to around three times the daily quota, deepening integration across the Greater Bay Area.

Waton Financial Launches AI Investment Platform as It Shifts Toward AI-Native Financial Services

Hong Kong-based Waton Financial has introduced its MoTA Alpha platform, enabling professional investors to manage teams of AI agents for research, risk management and trade execution as the company broadens its focus beyond traditional b...

State Audit Finds 1.08 Billion Yuan in Irregularities in Maternity Benefit Funds

China's National Audit Office uncovered 1.08 billion yuan in financial irregularities involving maternity insurance and subsidy funds, citing administrative failures that affected benefit distribution for more than one million people.

Shenzhen Robotics Startup Anyverse Dynamics Raises More Than $200 Million

Anyverse Dynamics has secured more than $200 million in new funding, adding momentum to investment in China's robotics sector as manufacturers expand automation to improve productivity and address demographic pressures.

China Launches Nationwide Crackdown on Drug-Laced E-Cigarettes

Authorities have begun a nationwide campaign against the illegal sale of drug-laced e-cigarettes, with the Ministry of Public Security stepping up oversight of retail and online sales following an increase in youth addiction cases.

Cathay Cargo Expands Air Freight Capacity to Meet AI Hardware Demand

Cathay Cargo has increased freight capacity between mainland China and overseas markets to handle rising shipments of AI chips and server hardware as global demand for artificial intelligence infrastructure continues to grow.

DeepSeek Raises 7.4 Billion Yuan to Expand Artificial Intelligence Development

Artificial intelligence company DeepSeek has completed a 7.4 billion yuan funding round and plans to accelerate hiring, highlighting continued investor support for domestic large-language model developers despite growing international sc...

Chinese Study Finds AI Is Reshaping Hiring Rather Than Triggering Mass Layoffs

Research led by Peking University suggests companies are increasingly using artificial intelligence to reduce entry-level recruitment and streamline management structures, pointing to gradual changes in employment patterns rather than wi...

Evergrande Property Services Shares Tumble After Stake Sale Collapses

Shares in Evergrande Property Services fell 24% after an attempted sale of a major equity stake failed, underscoring the continuing financial strain across China's troubled property sector.

Polestar Faces U.S. Market Exit Amid Tightening Restrictions on Chinese Automotive Technology

Geely-backed electric vehicle maker Polestar is being forced out of the U.S. market as tighter restrictions on Chinese-developed automotive technology create new barriers for Chinese automakers operating overseas.

China Industrial Profit Growth Slows as Weak Domestic Demand Weighs on Recovery

Official data showed China's industrial profits rose 21.1% year on year in May, slowing from 24.7% in April as subdued consumer spending and a prolonged property downturn offset continued strength in factory output and AI-driven electron...

Hang Seng Index Opens Lower as Investors Await Fresh Economic Signals

The Hang Seng Index fell 124.82 points, or 0.54 percent, at the opening bell as investors remained cautious ahead of upcoming economic data releases and continued to monitor recovery trends in mainland China's property and consumer sectors.

Hong Kong Economy Grows 5.9 Percent in First Quarter on Strong Trade and Tourism

Hong Kong's economy expanded by 5.9 percent in the first quarter of 2026, supported by robust exports of artificial intelligence-related electronic goods, solid inbound tourism and resilient domestic demand, while the government maintain...

Hong Kong Stock Exchange Launches First ETF Tracking the HKEX Tech 100 Index

Hong Kong Exchanges and Clearing has listed the E Fund HKEX Tech 100 Index Exchange Traded Fund, the first product to track the benchmark index of leading technology companies listed in the city, expanding investment options within Hong ...

Hong Kong Private Home Prices Rise to Their Highest Level in Two and a Half Years

Official data showed private residential property prices increased by 1.4 percent last month, reaching their highest level in two and a half years and suggesting the housing market may be stabilizing after an extended period of adjustment.

Hong Kong Exchange Records Seven New Listings in a Single Trading Day

Hong Kong Exchanges and Clearing welcomed the debut of six companies and one exchange-traded fund in one day, with exchange officials describing the strong listing activity as a sign of continued confidence in the city's capital markets ...

Hong Kong Anti-Corruption Authorities Dismantle Football Match-Fixing and Illegal Betting Network

A joint operation by the Independent Commission Against Corruption and the Hong Kong Police Force led to the arrest of 19 people accused of bribing football players to manipulate match results while operating a multi-million-dollar illeg...

China Targets Low-Carbon Heavy-Duty Trucks for 40 Percent of New Sales by 2030

A new government development plan aims for electric, hydrogen and other low-carbon heavy-duty vehicles to account for 40 percent of new truck sales by the end of the decade as China seeks to reduce emissions from freight transport.

Agricultural Modernization Boosts China's Summer Wheat Harvest

The Ministry of Agriculture and Rural Affairs said widespread use of automated machinery and precision farming technologies has improved harvesting efficiency during this year's large-scale wheat harvest across major grain-producing regi...

Authorities Investigate Reported Aircraft Debris Near Beijing's Citic Tower

Officials are investigating reports of debris near Beijing's tallest building after images circulated online appearing to show remnants of a small aircraft, with authorities expected to issue further information after the preliminary inq...

Chinese Power Semiconductor Makers Raise Prices as AI Demand Accelerates

Major manufacturers including Yangjie Technology, Chongqing CR Micro and Silan Microelectronics have increased prices by 10 to 15 percent, citing stronger demand from artificial intelligence data centers, electric vehicles and energy sto...

China Reaffirms Commitment to Greater Market Opening and International Trade

Senior officials told the New Champions meeting that China will continue expanding market access and zero-tariff policies covering sixty-three countries, reinforcing the country's commitment to deeper global economic integration.

Industrial Clusters Continue to Drive China's Manufacturing Competitiveness

The Ministry of Industry and Information Technology highlighted specialized manufacturing hubs, including the Yangtze River Delta's electronics cluster and Shenzhen's Robot Valley, as key contributors to industrial innovation and competi...

China Shifts Innovation Strategy Toward Foundational Technologies and Commercialization

Policy guidance for the 2026–2030 period emphasizes stronger investment in breakthrough research while ensuring new technologies are rapidly commercialized to support employment, consumption and long-term economic growth.

China Expands Southeast Asia Security Cooperation with Cambodia to Combat Cross-Border Fraud

President Xi Jinping and Cambodian People's Party President Samdech Techo Hun Sen agreed to strengthen bilateral security cooperation by establishing a formal partnership targeting cross-border telecom and online fraud.

China's Installed Power Capacity Surpasses 4,000 Gigawatts

National grid data shows China's total electricity generation capacity has exceeded 4,000 gigawatts, while non-fossil energy sources now account for 62 percent of installed capacity and coal's share has declined to 32 percent.

China Says AI Is Moving from Research to Large-Scale Industrial Deployment

Official reports indicate embodied artificial intelligence technologies are entering wider commercial use, marking a shift from laboratory development toward practical applications across manufacturing and other industries.

China Tightens Industrial Decarbonization Rules with New Subsidies and Binding Energy Targets

The State Council has launched a three-year campaign to cut emissions across nine energy-intensive industries, combining subsidies for industrial upgrades with mandatory clean-energy targets that provinces and major industries will be re...

Premier Li Qiang Highlights Economic Resilience Despite Global Uncertainty

Premier Li Qiang said China's economy expanded by five percent in the first quarter, arguing that the country's large domestic market and accelerating adoption of green technologies are providing stability even as global supply chains re...

China's Electric Vehicle Exports Reach Record Monthly High in May

Official data showed China exported 448,000 electric passenger vehicles worth US$9.2 billion in May, with rising demand from ASEAN markets including Thailand and the Philippines helping offset softer conditions in parts of the domestic m...

China Unveils 2026–2030 Five-Year Plan Centered on Advanced Technology and High-Quality Growth

Chinese leaders used the World Economic Forum's Annual Meeting of the New Champions in Dalian to outline a new five-year economic strategy that prioritizes artificial intelligence, integrated circuits and quantum information as the found...

Hong Kong Exchanges and Clearing Launches First ETF Tracking HKEX Tech 100 Index

Hong Kong Exchanges and Clearing has seen the launch of the first exchange-traded fund tracking the HKEX Tech 100 Index, introduced by E Fund Management (Hong Kong), in a move aimed at broadening the city’s range of technology-focused in...

Swire Coca-Cola Hong Kong Reports Strong Sales on Mega-Event Driven Demand

Swire Coca-Cola Hong Kong reported solid sales momentum through 2025 and into 2026, supported by the city’s recovering mega-event economy, while accelerating investments in artificial intelligence, supply chain sustainability, and upgrad...

Hong Kong Ranked Second in IMD World Competitiveness Yearbook 2026

The International Institute for Management Development has placed Hong Kong second in its World Competitiveness Yearbook 2026, up from third last year, citing the city’s free-market framework, fiscal discipline, and role as a financial g...

Hong Kong Tourism Arrivals Continue Strong Recovery Toward 2026 Targets

Government data shows Hong Kong’s tourism recovery remains on track, with more than 18 million visitor arrivals recorded in the first four months of 2026, supported by the city’s five-year tourism strategy and rising demand for mega-even...

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