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BUSINESSSep 23Chinese maker of robot-vacuum sensors launches Hong Kong IPO, undeterred by US banShenzhen Camsense Technologies, a maker of spatial sensors for robotic vacuum cleaners, launched a Hong Kong initial public offering (IPO) that aims to raise about HK$680 million (US$86.7 million), despite headwinds from Washington’s recent import ban on foreign-made vacuum robots. “The export and procurement for our existing client products remain normal, with potential disruption limited to new product development schedules,” Camsense co-founder Zhou Kun said about the ban’s impact. “We have...South China Morning Post
BUSINESSSep 23Gulf tech firms turn to Hong Kong and Singapore as Iran war grinds onPaul Bratby had already drawn up plans for expanding to Hong Kong when war broke out in the Middle East earlier this year. But the founder of xBratAI, a Dubai-based AI-powered trading signals platform, soon brought that timeline forward as the Iran conflict dragged on and widened in scope. “Our Hong Kong entity had been scheduled for a few years later, but we established it in early 2026,” he said. Bratby is not alone in looking east. As missiles continue to target Gulf capitals and shipping...South China Morning Post
BUSINESSSep 22Hong Kong workforce to shrink by 20,000 yearly as key sectors face shortagesHong Kong’s workforce is forecast to shrink by around 20,000 a year until 2028 despite measures to import labour and talent, with shortages remaining most acute among skilled technical workers. A government report on manpower projections on Tuesday found that although the labour shortfall would narrow to 130,000 by 2028, down by nearly a third from the original estimate of 180,000, the city would continue to face critical manpower challenges across key sectors. “Due to economic transformation,...South China Morning Post
BUSINESSSep 22Hong Kong urged to secure sustainable fuel supply to safeguard aviation hub statusHong Kong risks losing its status as an international aviation hub if it fails to secure a reliable, credibly certified supply of sustainable aviation fuel (SAF), the head of the government’s think tank has warned. Stephen Wong Yuen-shan, head of the Chief Executive’s Policy Unit, made the remarks at the Sustainable Aviation Futures China Congress on Tuesday, days after the government set out its fuel strategy in the city’s first five-year plan and policy address amid mounting global...South China Morning Post
BUSINESSSep 22Hong Kong bans caterer from importing workers for a year over local hiring breachHong Kong’s Labour Department has terminated Kwai Chung-based catering firm Happy Up Corporation’s application to import workers after it failed to meet the required local hiring ratio. The company has also been barred from applying to import workers for a year. A department spokesman said on Tuesday that the administrative sanctions had taken immediate effect under the Enhanced Supplementary Labour Scheme (ESLS) following an application previously submitted by the company. He added that...South China Morning Post
BUSINESSSep 22Despite higher costs, Hong Kong’s student residences attract mainland Chinese rentersPurpose-built student accommodation is drawing mainland Chinese university students away from Hong Kong’s traditional rental market, as professionally managed residences gain favour despite charging higher rents than many private flats. Some students said dedicated student housing offered greater convenience, stronger security, more predictable costs and a better living environment, helping offset higher rents and, in some cases, longer commutes. Qi Zhonghao, a mainland Chinese student pursuing...South China Morning Post
BUSINESSSep 21Foreign chambers back Hong Kong 5-year plan, urge progress on Northern MetropolisRepresentatives of foreign business chambers who met Hong Kong’s leader have said the five-year plan provided clear policy priorities for companies’ strategic planning, but called for more concrete timelines and visible progress on the Northern Metropolis project to attract investment. Chief Executive John Lee Ka-chiu held a briefing on Monday for consuls general and heads of foreign chambers of commerce, during which he stressed that Hong Kong’s five-year plan was not a planned economy. The...South China Morning Post
BUSINESSSep 21Hong Kong developer New World gets nod to spin off K11 Shanghai assetsNew World Development (NWD) received the green light from the Shanghai Stock Exchange to spin off and list a Reit (real estate investment trust) on the bourse, according to the distressed developer controlled by one of Hong Kong’s wealthiest families. The expected offering size for the NWD C-Reit was about 3.82 billion yuan (US$570 million), from which the group’s estimated net proceeds would be 3.24 billion yuan, Hong Kong-based NWD said in a statement on Monday. The underlying assets of the...South China Morning Post
BUSINESSSep 21Hong Kong sets out strategies to enhance the appeal and add value to the city tourism industry – LiveNews . co . nzlivenews.co.nz · New Zealand
BUSINESSSep 21Once the world’s most-visited city, Hong Kong now converts hotels into student dormsLate last month, an open tender for Hotel Cozi Harbour View in Kwun Tong was announced, with interested parties given until October 15 to submit bids. The 598-room hotel, located in Hong Kong’s eastern Kowloon Peninsula, a former industrial area, was taken over by Nanyang Commercial Bank for HK$1.87 billion (US$238.4 million) in 2025, with the bank now looking to dispose of the asset to the highest bidder. Just a week after the announcement of the tender, Nina Hospitality, one of the largest...South China Morning Post
BUSINESSSep 21Over 11,000 applicants for new Hong Kong taxi, ride-hailing testMore than 11,000 residents have applied to take the joint examination for taxi and ride-hailing car driver permits, exceeding the Hong Kong government’s expectations, the city’s transport minister has said. Secretary for Transport and Logistics Mable Chan also gave more details on Monday about a separate scheme that would allow mainland Chinese yacht owners to sail their vessels into city waters, saying they had achieved a good passing rate for the relevant test. Hong Kong recently passed...South China Morning Post
BUSINESSSep 21Mainland China’s stock exchanges mount charm offensive amid Hong Kong IPO boomMainland China’s stock exchanges have stepped up lobbying of companies and regulators to prioritise domestic listings after Hong Kong stole their thunder in fundraising activities in recent years, according to two sources familiar with the matter. The domestic exchanges recently met representatives of some mainland companies planning Hong Kong listings, especially first-time issuers and firms in sectors supported by national policies, a source said. “Exchanges emphasised the benefits of listing...South China Morning Post
BUSINESSSep 20For China’s hi-tech IPOs, it’s Hong Kong vs the mainland – but how much does it matter?Competition between mainland China and Hong Kong for hi-tech initial public offerings presents emerging technology firms with a dual-track strategic choice rather than a zero-sum battle, according to an executive at a national cross-border innovation platform. “There is naturally a degree of competition,” Lu Peng, general manager of Beijing-based Zhongguancun International, said in an interview on Thursday, referring to how tech firms select their primary listing venue. “However, the two markets...South China Morning Post
BUSINESSSep 20Hong Kong secures expanded equal treatment and investment guarantees across AseanHong Kong firms will benefit from expanded non-discriminatory treatment and investment guarantees in 10 Asean states after a protocol amending an investment agreement with the bloc was signed on Sunday. The protocol was signed in Manila – where Asean economic ministers are meeting – ahead of dedicated trade consultations between Hong Kong and the bloc. Undersecretary for Commerce and Economic Development Bernard Chan Pak-li signed the protocol for Hong Kong, alongside Philippine Trade Secretary...South China Morning Post
BUSINESSSep 20Hong Kong’s first 5-year plan to give firms more long-term certainty: Paul ChanHong Kong’s first five-year plan will give businesses greater certainty to make long-term investment decisions amid a volatile external environment, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said the plan’s targets and timelines would allow companies to see the city’s direction over the next five years and better align their plans with the government’s. “The significance of planning lies not only in the document itself, but also in looking at today from the...South China Morning Post
BUSINESSSep 19Hong Kong to open waters to Guangdong yachts under southbound scheme from OctoberA southbound scheme allowing Guangdong-registered yachts to sail in Hong Kong waters is expected to launch in October, the transport minister has said, with the city continuing preparations and discussions with provincial authorities. Secretary for Transport and Logistics Mable Chan revealed the plan on Saturday after the annual policy address and the city’s first five-year plan, both unveiled this week, set out proposals to develop the yacht economy. “The southbound travel scheme for yachts...South China Morning Post
BUSINESSSep 19Hong Kong leader says firms must strive to survive despite government supportHong Kong’s leader has defended measures in his policy address to boost the economy and improve livelihoods, stressing that businesses must also do their part to remain competitive and survive, even with government aid. Chief Executive John Lee Ka-chiu said on Saturday that the livelihood section was the longest and broadest in scope in his policy address when asked about residents who had yet to benefit from the government’s economic policies. “You need to develop the economy first to have the...South China Morning Post
BUSINESSSep 18Hong Kong’s metal storage hits 30,000 tonnes in push to become global commodity hubHong Kong’s push to develop into a premier gold and commodity trading hub has gained momentum, with local metal storage surpassing 30,000 tonnes, a minister has said, as the administration positions the city as the destination of choice for global capital. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu also said on Friday the government would expand renminbi settlement of payments for mainland Chinese services, such as buying water from the Dongjiang, in a bid to...South China Morning Post
BUSINESSSep 18FWD Hong Kong backs HKSAR’s Five-Year Plan, Healthy Greater Bay Area healthcare, and responsible AI in insurance.[The content of this article has been produced by our advertising partner.] Ken Lau, Managing Director, Greater China, & Chief Executive Officer, Hong Kong, said: “FWD Hong Kong warmly welcomes the HKSAR Government's publication of the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) and the 2026 Policy Address. As a pan-Asian insurer headquartered and listed in Hong Kong, we fully support the Government's vision of further...South China Morning Post
BUSINESSSep 17Hong Kong malls bet on Asian Games to boost footfall, tenant sales amid spending shiftsHong Kong shopping mall operators are extending a strategy used during this year’s Fifa World Cup into the Asian Games, leveraging major sporting events to draw visitors and support tenant sales as retailers face competition from Shenzhen, overseas shopping and online spending. Sino Group is among the landlords expanding the strategy beyond tournament broadcasts. It expects foot traffic across four malls to increase during its Asian Games campaign, with selected merchants forecast to record...South China Morning Post
BUSINESSSep 17VinFast (VFS)-Backed Taxi Firm GSM Plots a US and European Push ahead of its Hong Kong IPOGSM, a taxi firm backed by VinFast, is planning to expand its operations into the US and Europe ahead of its Hong Kong IPO. This indicates significant growth ambitions and a major financial move in the global transportation and automotive sectors.Yahoo Finance
BUSINESSSep 17100 start-ups joining Hong Kong’s flagship tech hub to get top mentorsAround 100 start-ups selected to join Hong Kong’s flagship border tech hub will undergo mentorship programmes ranging from five to eight years, backed by industry heavyweights, the operator has revealed. Vincent Ma, CEO of Loop Hong Kong Park Company, said in an interview on Thursday that the start-ups were chosen to join the Hong Kong-Shenzhen Innovation and Technology Park (HSITP) following a months-long screening process. “We have chosen 100 start-ups to enter our park soon following a few...South China Morning Post
BUSINESSSep 17Hong Kong eyeing gold expansion and Northern Metropolis vaults to cement hub statusHong Kong’s plan to raise its gold holdings will further cement the city’s status as an international financial centre, with the possibility of building vaults in the Northern Metropolis megadevelopment, according to authorities. Financial Secretary Paul Chan Mo-po also said on Thursday the city was under “no pressure” to raise interest rates following a US rate hike, but stressed authorities would “keep a close watch” on the situation. Speaking at a conference the day after the policy address...South China Morning Post
BUSINESSSep 17Hong Kong will lack 130,000 workers by 2028, fewer than projected due to talent policiesHong Kong will be short of 130,000 workers by 2028, about a third less than originally projected, a reduction the city’s labour chief attributed to the development of artificial intelligence and government policies to import labour and top talent. A day after the release of the city’s first five-year plan and annual policy address, Secretary for Labour and Welfare Chris Sun Yuk-han said on Thursday that authorities would exempt start-up founders approved under the Top Talent Pass Scheme from...South China Morning Post
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