Hong Kong Times

HUTCHMED Expands London Market Access Through New Share Admission Plan

Biopharmaceutical company HUTCHMED applied for the admission of more than 43 million ordinary shares to London's Alternative Investment Market, broadening access for international investors as the company expands its oncology business ac...

Hong Kong Economy Grows 5.9% as Artificial Intelligence Hardware Exports Drive Strongest Expansion in Five Years

Hong Kong recorded its fastest economic growth in five years after a sharp increase in exports of artificial intelligence hardware, advanced servers and semiconductor-related products lifted trade activity and outperformed regional expec...

Hong Kong Monetary Authority Launches Tokenised Bond Initiative to Advance Digital Finance Ambitions

The Hong Kong Monetary Authority has established a specialist expert group to support the adoption of tokenisation in bond markets, seeking to strengthen the city's regulatory framework and expand its role in digital and real-world asset...

Global Banks Scale Back China Activities as Beijing Tightens Controls on Cross-Border Capital Flows

Major financial institutions including UBS and HSBC have postponed mainland events and restricted some staff travel after Chinese authorities intensified efforts to curb capital outflows, increasing pressure on wealth management operatio...

Jollibee Weighs Hong Kong Listing for International Business as IPO Market Rebounds

The Philippine fast-food group is considering shifting a planned spin-off listing from the United States to Hong Kong, underscoring renewed confidence in the city's capital markets as fundraising activity accelerates and more Southeast A...

Hong Kong Property Recovery Faces Uncertainty as Beijing Strengthens Capital Controls

Mainland Chinese buyers invested a record HK$43 billion in Hong Kong real estate during the first quarter of 2026, but stricter controls on outbound capital are raising questions about the durability of demand, particularly in the luxury...

John Lee Secures Trade Agreements During Uzbekistan Visit to Expand Central Asia Links

Hong Kong Chief Executive John Lee oversaw the signing of multiple commercial agreements in Tashkent aimed at deepening business ties with Uzbekistan and reinforcing Hong Kong's role as a gateway for investment and trade connected to mai...

Chinese Researchers Report Semiconductor Cooling Breakthrough in Science Journal

A research team from Beihang University published findings on a tellurium-free semiconductor cooling technology that could offer a lower-power and more sustainable solution for aerospace and advanced manufacturing applications.

European Union Trade Tensions Rise as Chinese Clean Technology Exports Expand

Growing exports of Chinese electric vehicles, batteries, and solar equipment are increasing friction with the European Union ahead of a mid-June summit where policymakers are expected to examine potential responses to concerns over indus...

Luxury Home Sales Surge in Shanghai and Shenzhen Despite Broader Property Market Weakness

New high-end residential developments in China’s leading cities sold out rapidly, highlighting a selective recovery driven by affluent buyers even as nationwide real estate investment fell 13.7% during the first four months of the year.

YMTC Targets Consumer Storage Market With Lower-Priced Solid-State Drives

Yangtze Memory Technologies is expanding its presence in the consumer electronics market by promoting Zhitai solid-state drives priced below competing products from international rivals, including Samsung Electronics.

China Cuts Domestic Fuel Prices for the Second Time as Global Oil Costs Ease

The National Development and Reform Commission ordered reductions in gasoline and diesel prices, directing major state energy companies to maintain stable supplies while lowering operating costs for transportation and manufacturing busin...

Chinese Stock Exchanges Rebalance Major Indices Toward Artificial Intelligence and Semiconductor Companies

The Shanghai and Shenzhen exchanges announced adjustments to key benchmarks, including the CSI 300 and SSE 50, increasing exposure to computing and memory chip companies and directing substantial passive investment flows toward strategic...

Foreign Wealth Managers Scale Back Mainland Activities Amid Capital Flight Crackdown

Global private banking groups including UBS, HSBC, and Standard Chartered have curtailed some mainland China activities after regulators intensified enforcement against unauthorized offshore trading services and cross-border capital move...

DeepSeek Plans 50 Billion Yuan Funding Round to Expand Artificial Intelligence Infrastructure

The Chinese artificial intelligence startup is reportedly preparing a fundraising round worth about 50 billion yuan, backed by investors including Tencent Holdings and CATL, as it seeks to scale computing capacity following growing recog...

Xi Jinping to Visit North Korea for First State Trip in Nearly Seven Years

Chinese President Xi Jinping will travel to Pyongyang on June 8 for a two-day state visit, marking his first trip to North Korea in almost seven years as Beijing seeks to reinforce ties with its only formal treaty ally amid growing Russi...

State-Owned Enterprises Ordered to Align With China’s Next Five-Year Development Plan

National Development and Reform Commission Chairman Zheng Shanjie convened executives from major state-owned firms, urging stronger industrial restructuring and greater emphasis on technological innovation and energy security ahead of th...

China Introduces New Outbound Investment Rules With Authority to Retaliate Against Foreign Restrictions

The Ministry of Justice, the National Development and Reform Commission, and the Ministry of Commerce have enacted a new legal framework allowing China to respond to foreign barriers on Chinese investment while tightening controls on the...

MiniMax and Zhipu AI Pursue Mainland Listings to Fund Rising Development Costs

The two generative artificial intelligence companies are moving toward listings on Shanghai’s STAR Market after recent Hong Kong debuts, seeking additional capital as computing expenses rise and competition intensifies across the sector.

Heavy Security Deployed Around Victoria Park During June Fourth Anniversary

Police maintained a significant presence around Victoria Park and Causeway Bay, preventing public vigils and gatherings on the thirty-seventh anniversary of the Tiananmen Square crackdown under the territory’s current security framework.

Cross-Border Custody Dispute Draws Swedish Legal Involvement in Hong Kong Case

A closely watched custody case involving a young girl has expanded into European jurisdictions, with Swedish authorities relying on court proceedings and genetic testing as part of efforts to determine custody arrangements and possible r...

Techtronic Industries Launches US$500 Million Share Buyback Programme

The Hong Kong-listed power equipment manufacturer has begun a share repurchase initiative worth up to US$500 million, deploying cash reserves to return capital to shareholders amid improving market conditions.

Hong Kong Economy Grows at Fastest Rate in Five Years on Strong Technology Export Demand

The economy expanded 5.9 per cent in the first quarter, supported by a 32 per cent increase in merchandise exports as global demand for semiconductors, advanced servers, and telecommunications equipment boosted trade activity.

Hong Kong Overtakes Switzerland as the World’s Largest Cross-Border Wealth Management Centre

A new industry report shows Hong Kong now manages nearly US$3 trillion in offshore assets, surpassing Switzerland as rising capital inflows from mainland China and a revival in initial public offerings strengthen the city’s position in g...

Hong Kong IPO Fundraising Rebounds Sharply as Listings Market Recovers

Hong Kong Exchanges and Clearing reported that 40 initial public offerings raised more than HK$110 billion during the first quarter, marking a significant year-on-year increase and signaling renewed activity in the city’s capital markets.

Hong Kong Exchange Introduces Weekly Stock Option Expiries to Boost Trading Flexibility

The city’s stock exchange will launch weekly expiries for 17 major single-stock options, giving institutional investors additional tools to manage short-term market movements and risk exposure.

Hong Kong Retail Sales Rise as Tourism Recovery Lifts Luxury Spending

Official data showed retail sales increased 8.6 per cent from a year earlier, supported by strong demand for luxury goods, jewellery, and consumer electronics as inbound tourism continued to recover.

John Lee Secures 43 Commercial Agreements During Central Asia Trade Mission

Hong Kong Chief Executive John Lee concluded 43 memoranda of understanding with partners in Kazakhstan covering sectors including aviation, green technology, and digital finance, deepening economic ties between Central Asia and the Asia-...

Hong Kong Prepares Greater Bay Area-ASEAN Summit to Strengthen Regional Investment Links

Government officials and business leaders are finalizing plans for a major forum aimed at connecting southern China’s manufacturing base with Southeast Asian investors through deeper cooperation in capital, innovation, and industrial dev...

China Rejects Five Eyes Espionage Allegations as Diplomatic Tensions Rise

Chinese officials dismissed accusations from the Five Eyes intelligence alliance that Chinese operatives are recruiting professionals through online networking platforms. Beijing described the claims as a smear campaign and accused Weste...

Higher Shipbuilding Costs Slow New Vessel Orders Worldwide

Industry executives warned that rising construction costs and limited shipyard capacity are prompting shipping companies to delay fleet expansion plans. The trend is affecting both Chinese and international operators as they reassess inv...

China Pushes Back Against Expected European Union Trade Restrictions

Chinese officials dismissed the European Union’s economic de-risking efforts, citing surveys showing that 68 percent of European companies plan to maintain or expand their operations in China. Beijing argues that planned trade restrictio...

Beijing Records 35 Percent Rise in International Tourist Arrivals

The Chinese capital welcomed nearly 2.7 million foreign visitors during the first five months of the year, according to official figures. Authorities attributed the increase to expanded visa-free transit policies and the continued recove...

Bohai Sea Gas Project Advances as Major Offshore Production Platforms Are Installed

State-owned Offshore Oil Engineering has completed installation of key infrastructure for the second phase of the Bozhong 19-6 condensate gas field. The project advances development of the Bohai Sea’s first gas field with proven reserves...

China Imposes Entry Bans on New Zealand Lawmakers Over Taiwan Visits

The Ministry of Foreign Affairs announced sanctions against several New Zealand parliamentarians following unofficial visits to Taiwan. Beijing said the measures were necessary to uphold the one-China principle and reiterated its opposit...

Beijing Approves First Space Computing Innovation Center

Authorities in the Chinese capital have authorized a dedicated research and commercialization hub focused on integrating satellite data, aerospace networks, and advanced computing infrastructure. The initiative aims to accelerate develop...

China Tightens Outbound Investment Rules to Increase Scrutiny of Technology Transfers

New regulations taking effect in July 2026 will subject overseas technology partnerships and foreign investments by Chinese residents to stricter national security and data export reviews. The measures also close offshore structuring loo...

Overseas Investment Funds Freeze New Subscriptions as Foreign Asset Demand Surges

Nearly half of China’s Qualified Domestic Institutional Investor funds have restricted or suspended new subscriptions after strong demand for overseas assets exhausted available foreign-exchange quotas. The move highlights growing invest...

Private Manufacturers Outpace State Sector as China’s Factory Activity Diverges

Official data showed large state-dominated manufacturers remained flat at the neutral 50.0 level in May, while the Caixin survey of smaller export-oriented firms rose to 51.8. The gap points to stronger momentum among private enterprises...

China’s Artificial Intelligence Industry Enters New Phase of Price Competition and Consolidation

Leading developers of large language models are cutting enterprise pricing by as much as 75 percent while securing multi-billion-dollar funding rounds. The combination of aggressive discounting and fresh investment signals intensifying c...

Beijing Signals Openness to Artificial Intelligence Cooperation With the United States

A prominent commentary in the People's Daily called for greater collaboration between Chinese open-source software developers and American hardware providers. The article urged Washington to ease technology restrictions, arguing that bot...

Hong Kong Retail Sales Extend Growth Streak to Twelve Consecutive Months

Official data showed retail sales expanded for a twelfth straight month as stable employment conditions, tourism activity and spending from visitors across the Greater Bay Area continued to support consumer demand.

Hong Kong Authorities Seize Smuggled Tobacco Worth HK$8.8 Million in Joint Enforcement Operation

Customs and police officers confiscated 1.45 million suspected illicit cigarettes and more than 300 kilograms of untaxed cigars during coordinated operations in the Eastern District and Sai Kung, disrupting a major tobacco smuggling netw...

Hong Kong and Macau Expand Digital Currency Settlement Trials

Financial authorities have widened a cross-border central bank digital currency testing program to include more seamless retail and institutional transactions between Hong Kong and Macau, deepening financial integration across the Greate...

Pony AI Joins Shanghai-Hong Kong Stock Connect Program

Pony AI's inclusion in the Shanghai-Hong Kong Stock Connect scheme will allow mainland Chinese investors to trade the autonomous driving company's Hong Kong-listed shares more easily, broadening access to the technology sector.

HKG Times