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BUSINESSSep 30Hong Kong to expand IP financing sandbox after 7 firms secure cheaper loansThe Hong Kong government has pledged to expand its intellectual property (IP) financing sandbox scheme by adding more banks and enterprises, after seven corporate users found that a nine-month trial helped lower their borrowing costs. “This will help refine the IP ecosystem, including valuation practices, professional service costs, supporting measures and market awareness,” Carmen Chu Lap-kiu, executive director of banking supervision at the Hong Kong Monetary Authority (HKMA), said on...South China Morning Post
BUSINESSSep 30HSBC unveils RedCoin as name of its Hong Kong stablecoin for 3.3 million PayMe usersHSBC on Wednesday named its stablecoin offering HSBC RedCoin, paving the way for Hong Kong’s biggest lender to make the coin available to the more than 3.3 million users of its PayMe app for money transfers, shopping and dining. When launched before the end of the year, the stablecoin would be offered only through PayMe and HSBC’s Hong Kong mobile banking app, HSBC said. The bank said it was optimistic about retail usage of HSBC RedCoin, as 74 per cent of respondents to a survey of more than...South China Morning Post
BUSINESSSep 30Cheap and illegal: mainlanders post social media adverts for services in Hong KongHong Kong’s crackdown on visitors abusing visas to illegally offer tour guide, photography and other services has failed to deter adverts for such unlicensed work on mainland Chinese social media ahead of the National Day “golden week” break, the South China Morning Post has found. A search of RedNote by the SCMP turned up accounts listing themselves as Shenzhen-based photographers offering their services in Hong Kong. Many of them also asked clients to reimburse their travel expenses between...South China Morning Post
BUSINESSSep 30Hong Kong’s executives are ‘ill prepared’ for AI era, report findsExecutives at Hong Kong’s largest listed companies have a severe lack of technological expertise, with fewer than 1 per cent of directors possessing dedicated artificial intelligence or cybersecurity skills, according to a new report by Grant Thornton Hong Kong. The firm’s 15th annual Corporate Governance Review – which surveyed 100 major listed firms on Hong Kong’s Hang Seng Composite Index – found that 59 per cent of companies view cybersecurity or AI as principal business risks. Yet only 11...South China Morning Post
BUSINESSSep 29Hong Kong’s IPO revival faces test as three new stocks stumble on debutHong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs). Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but its shares traded nearly 10 per cent below the offer price in morning trading. Shenzhen Kinwong...South China Morning Post
BUSINESSSep 29Hong Kong mustn’t miss the boat on the Pinglu Canal and Asean tradeThe official opening of the Pinglu Canal on September 16 is a milestone in modern Chinese history. More than an infrastructural feat, it signals a strategic recalibration of how China’s inland economies connect with the sea and Southeast Asia, and augurs the next phase of regional growth. Designed for vessels of up to 5,000 tonnes, the 134.2km (83.4 mile) waterway stretches from the Xijin reservoir in Hengzhou, an emerging city in Guangxi, to the Gulf of Tonkin (known as the Beibu Gulf in...South China Morning Post
BUSINESSSep 28Strong AI demand prompts Hong Kong trade body to raise exports growth forecastStronger-than-expected global demand for artificial intelligence-related products has prompted the Trade Development Council to sharply raise its full-year forecast for Hong Kong export growth in 2026 to as much as 47 per cent. The latest revision follows the council in June raising its midyear forecast to 20 per cent growth, from an earlier estimate of 8 to 9 per cent. Its latest survey of the city’s major exporters also found that their business confidence and market expectations had remained...South China Morning Post
BUSINESSSep 28Hong Kong wages rise 3.4% in June, with government expecting further gainsHong Kong wages rose by 3.4 per cent year on year in June, with the government forecasting further pay rises ahead on the back of sustained economic expansion and labour demand. Figures released on Monday by the Census and Statistics Department showed that the 3.4 per cent nominal wage rise was broad based across all surveyed industries. After adjusting for inflation using the consumer price index (A), overall real wages grew by 1.6 per cent in June year on year, keeping basic pay growth ahead...South China Morning Post
BUSINESSSep 28Hong Kong office expansion lags hiring push as tenants optimise current space: ColliersMore than a third of Hong Kong’s office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers. The results of the fourth annual Hong Kong occupier survey by the property consultancy pointed to a “growing disconnect between hiring intentions and office expansion plans, as many occupiers continue to absorb growth within their existing premises through more efficient space...South China Morning Post
BUSINESSSep 28Hong Kong finds gold-trading leader in former exchange executive Bryan ChanThe Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,...South China Morning Post
BUSINESSSep 28Xiaomi-backed robotics chip designer clears hearing, eyes US$100m Hong Kong IPO: sourcesZhuhai Amicro Technology, a Xiaomi-backed chipmaker, is preparing to begin premarketing for a Hong Kong initial public offering (IPO) of more than US$100 million as early as this week, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a share sale in the city, the people said, requesting anonymity because the information is private. According to...South China Morning Post
BUSINESSSep 28Hong Kong to close deals with firms from strategic sectors in months: Paul ChanA handful of leading firms from emerging industries are expected to receive preferential policy packages and set up operations in Hong Kong within the “next couple of months”, the city’s finance chief has said, as part of efforts to attract investment. In an exclusive interview with the South China Morning Post, Financial Secretary Paul Chan Mo-po provided an update on the city’s drive to draw international and national brands and strategic enterprises to set up business in Hong Kong through...South China Morning Post
BUSINESSSep 27Hong Kong tech chief sets June deadline for Hetao cross-border talent flowCross-boundary talent flows within the Hetao innovation hub will be launched by June next year at the latest, Hong Kong’s technology minister has said, after the city’s leader pledged to enable the free movement of data by the end of this year. Secretary for Innovation, Technology and Industry Sun Dong revealed the deadline while also discussing how semiconductor production, which is due to begin at the Hong Kong Microelectronics Research and Development Institute (MRDI) this year, could yield...South China Morning Post
BUSINESSSep 27How Hong Kong’s old businesses are adapting to new timesIn the second of a two-part series on Hong Kong’s economic transformation, Ambrose Li and Wynna Wong profile three established enterprises that have rejuvenated their brands and reinvented their businesses. Read part one here. Late into the night, Hong Kong football fans in their twenties, thirties and forties sat in Lin Heung Lau restaurant on Wellington Street watching World Cup matches over dim sum rather than pints at a sports bar. The historic restaurant, traditionally associated with...South China Morning Post
BUSINESSSep 26Hong Kong is fast-tracking Northern Metropolis links. Will they be ready in time?Hong Kong will fast-track key Northern Metropolis roads, bringing forward the San Tin highway section to 2034 and targeting 2033 for the Tsing Lung Bridge, but a transport expert and lawmaker have cautioned that the first arrivals could still end up stranded. Infrastructure projects could lag behind developments such as the Hung Shui Kiu University Town, they said, suggesting the government launch express bus routes and build the Central Rail Link as soon as possible to ensure connectivity. A...South China Morning Post
BUSINESSSep 26How Hong Kong companies are evolving with the timesHong Kong companies are reportedly adapting and evolving to meet current trends. The article discusses how these companies are changing over time.South China Morning Post
BUSINESSSep 26How Hong Kong firms are future-proofing business in challenging timesHong Kong’s economic transformation is at a critical juncture, and the private sector must adapt along with it, as Chief Executive John Lee Ka-chiu has noted. In the first of a two-part series, Ambrose Li and Wynna Wong examine the forces driving change among established enterprises. Before visiting a vendor in mainland China’s Jiangsu province, a salesman from Hong Kong bottling giant Swire Coca-Cola can now use a mobile phone to see which drinks customers in the neighbourhood are most likely...South China Morning Post
BUSINESSSep 25Hong Kong shares end lower amid Mid-Autumn FestivalHong Kong stocks closed lower on Friday, as investors showed little appetite for trading amid the Mid-Autumn Festival.thestandard_hk · hong kong
BUSINESSSep 25Uber shuts down FlyTaxi, second metered cab platform it acquired in Hong KongOnline ride-hailing giant Uber will close a second Hong Kong metered taxi platform that it acquired by the end of this year, just over six months after it bought out the business. Uber said on Friday that it would fully integrate the services on FlyTaxi into its own platform by the end of the year, saying it aimed to provide “optimal” support for drivers and users. “As part of this integration, the stand-alone FlyTaxi app will [be shut down]. Our team is dedicated to guiding every rider and...South China Morning Post
BUSINESSSep 243,800 Hong Kong food outlets offering up to 30% off to celebrate National DayFrom restaurants and hotels to cafes and market stalls, Hong Kong’s catering industry has banded together to offer discounts of up to 30 per cent at more than 3,800 outlets to celebrate National Day on October 1. Food and catering businesses said on Thursday they would provide an array of tasty deals across the city to mark the 77th anniversary of the founding of the People’s Republic of China. Offers include meal sets at 30 per cent off, fresh food items such as vegetable packs for HK$7 and...South China Morning Post
BUSINESSSep 24Hong Kong exports surge 53% to HK$667.9 billion, second highest on recordThe recent strength in Hong Kong’s exports extended into August, with the value jumping by 53 per cent to HK$667.9 billion (US$85.6 billion) – the second-highest level on record after July’s peak – on strong demand for artificial intelligence-related products. Provisional figures released by the Census and Statistics Department on Thursday showed that the total value of exports rose to HK$667.9 billion last month, following a 50.7 per cent surge in July. Imports, meanwhile, rose 60 per cent to...South China Morning Post
BUSINESSSep 24ChinaAMC launches 3 Hong Kong ETFs as demand for targeted strategies growsChina Asset Management (Hong Kong), the offshore arm of one of mainland China’s largest asset managers, launched three exchange-traded funds (ETFs) in the city on Thursday, expanding its product line-up as investors seek more diversified strategies amid market volatility. The three products – a Hong Kong high-dividend ETF, a Hong Kong growth ETF and a Hong Kong-US “Halo” ETF – are scheduled to list on the Hong Kong stock exchange on September 30, with trading counters in Hong Kong dollars, yuan...South China Morning Post
BUSINESSSep 23Hong Kong to welcome 1.29 million mainland Chinese visitors for National Day breakHong Kong is expected to welcome about 1.29 million mainland Chinese travellers over the National Day “golden week” break, with city authorities planning to step up crowd management and tighten supervision of tour agencies and retail outlets. Chief Secretary Eric Chan Kwok-ki, Hong Kong’s No 2 official, chaired a meeting with various government departments on Wednesday to discuss preparations for the holiday on the mainland, which spans October 1 to 7. On top of the expected influx of about 1.29...South China Morning Post
BUSINESSSep 23Hong Kong unveils gold, bond and liquidity plans to drive next phase of yuan adoptionBourse operator Hong Kong Exchanges and Clearing (HKEX) will launch yuan-denominated gold futures early next year, while the city’s de facto central bank plans to introduce more yuan products and platforms to support the diversification and digitalisation of the currency’s internationalisation, speakers at a banking summit said on Wednesday. “We have recently reactivated our gold contract in the US dollar. But in the future, perhaps sometime early next year, we will be coming up with a...South China Morning Post
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