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BUSINESSSep 8Hong Kong aviation success today means more than just adding routesWhen Cathay Pacific Airways announced direct flights to Almaty starting next January, the significance went beyond adding another destination. The service will be Cathay Pacific’s first to Central Asia and the only non-stop passenger connection between Hong Kong and Kazakhstan. Another announcement pointed to Hong Kong’s growing aviation reach from a different direction. Qatar Airways Cargo relocated its regional office to Hong Kong and agreed with the Airport Authority to increase frequencies...South China Morning Post
BUSINESSSep 8Foreign, mainland students flock to Hong Kong sparking property demand in education sectorHong Kong’s bid to become a global education hub is likely to transform the sector as a sustainable source of property demand, with the city tipped to see around 200,000 non-local students by 2035, according to CBRE. The city’s international schools are estimated to require enormous additional real estate to accommodate nearly 30,000 to 40,000 non-local students, as the institutions would need to set up 40 to 50 new school campuses. This could mean up to an extra 1.11 million square metres (12...South China Morning Post
BUSINESSSep 7Kazakhstan, Hong Kong ‘can build biotech unicorns by linking talent and capital’Kazakhstan and Hong Kong could partner to build biotech unicorns – private start-ups valued at US$1 billion or more – by linking the Central Asian country’s strong tech workforce with the city’s global financial network, a top academic has said. Huck-Hui Ng, dean of the school of medicine at Kazakhstan’s Nazarbayev University, said the nascent biotech sector in the country has already produced several start-ups in areas including artificial intelligence (AI) and digital health, and could build a...South China Morning Post
BUSINESSSep 7Hong Kong landlords accuse banks of deepening shop slump with reluctance to lendHong Kong landlords and property industry figures are accusing banks of deepening the city’s shop slump by pulling back from commercial mortgages, leaving more potential buyers unable to secure financing even though property values have fallen sharply. Shop buyers were increasingly being turned away, even though Hong Kong’s residential market had gained momentum this year and banks were competing for mortgage borrowers, they said. Shih Wing-ching, founder of Centaline Property, said banks tended...South China Morning Post
BUSINESSSep 7SCMP partners with top Kazakh university to deepen Hong Kong’s Central Asia tiesThe South China Morning Post has signed an agreement with a leading university in Kazakhstan to foster the exchange of knowledge between East and Central Asia while extending Hong Kong’s media presence in the region. The memorandum of understanding (MOU) was signed on Monday in Astana, just ahead of the SCMP’s China Conference: Central Asia 2026, a flagship event making its debut in the region. According to the agreement, the strategic partnership formalises links between the SCMP and Nazarbayev...South China Morning Post
BUSINESSSep 7Chinese firms’ green-tech expansion hinges on Hong Kong, senior bankers sayHong Kong is poised to play a bigger role in financing Chinese green-technology companies’ expansion into emerging markets, as geopolitical fragmentation and high funding costs reshape how capital is deployed in the global energy transition, according to senior banking executives. The city’s deep sustainable-finance market and offshore yuan liquidity could help channel capital into green and climate-resilience projects across developing economies, executives from Bank of China (Hong Kong), DBS,...South China Morning Post
BUSINESSSep 7Hong Kong a ‘trusted partner’ to drive Central Asia growth, city leader saysHong Kong is committed to being a “trusted partner” in driving Central Asia’s emergence as a global growth engine, according to the city’s leader, who hailed the substantial outcomes achieved since his landmark mission to the region. In a virtual appearance at the South China Morning Post’s China Conference: Central Asia 2026 held in Astana on Monday, Chief Executive John Lee Ka-chiu said that a bank in his June delegation had since backed the Development Bank of Kazakhstan with US$785 million...South China Morning Post
BUSINESSSep 72 Hong Kong travel agencies, guide stripped of licences over ‘coerced shopping’Hong Kong’s tourism watchdog has revoked the licences of two travel agencies and a guide after finding they failed to protect members of mainland Chinese tour groups from “coerced shopping”. The Travel Industry Authority said on Monday that the licences of Go Go Ming Travel Services, Grandee Travel Company and guide Sun Kwun-ying were revoked with immediate effect. “The authority adopts a zero-tolerance approach towards coerced shopping and any conduct that damages the reputation of Hong Kong’s...South China Morning Post
BUSINESSSep 7Hong Kong Positioned to Become a Leading Hub for Nature and Blue FinanceHong Kong is strategically positioned to become a leading hub for nature and blue finance. This indicates a focused effort on sustainable financial development within the region.portal.sina.com.hk · Hong Kong
BUSINESSSep 7Hong Kong’s yuan pool is growing. Can it turn liquidity into global demand?Hong Kong’s top financial regulators have urged local banks to make greater use of the city’s growing pool of offshore yuan liquidity, while also flagging the need to prepare for a coming wave of autonomous AI systems used in the financial sector. Speaking at the Hong Kong Association of Banks (HKAB) Distinguished Speaker Luncheon, Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), called on lenders to leverage their international networks to expand the Chinese...South China Morning Post
BUSINESSSep 7European chamber chief in Hong Kong heads to Brussels to ‘reset city’s image’The head of the European Chamber of Commerce in Hong Kong (EuroCham) aims to “reset” perceptions about the financial hub during the organisation’s first-ever “door-knock” mission to Brussels, emphasising that the city remains “significantly, fundamentally” distinct from its mainland Chinese counterparts. With Hong Kong set to unveil its first five-year plan on September 16 – the same day the mission begins – chairman Johannes Hack told the South China Morning Post that the city lacked a clear...South China Morning Post
BUSINESSSep 6Hong Kong to propel belt and road market expansion, finance chief saysHong Kong will step up support for belt and road enterprises seeking to expand into new markets and tap regional growth, reinforcing its role as a pivotal business hub and platform for deeper exchanges, the city’s finance chief has said. In his weekly blog on Sunday, Paul Chan Mo-po also pointed to strong growth in emerging markets and developing economies in recent years, citing International Monetary Fund projections of a further 3.8 per cent and 4.5 per cent expansion respectively over the...South China Morning Post
BUSINESSSep 6Russian gold floods through Hong Kong in wake of western sanctionsShipments hit record high with almost 100 tonnes imported from Russia in first seven months of this yearFinancial Times
BUSINESSSep 6Red tape, high cost: can Hong Kong’s new yacht scheme chart a smoother course?Retired harbour pilot Alex Yu Chi-leung sailed his 50-foot wooden yacht, Bowline, from Causeway Bay in Hong Kong to Dongao Island in Zhuhai under a new cross-border yachting scheme last week, but bureaucratic hurdles and shallow waters tempered the excitement of the leisure trip. It was Yu’s first voyage under the scheme, but it could also be his last unless mainland Chinese authorities improve certain requirements. “If the procedures are simplified – because right now they are too numerous,...South China Morning Post
BUSINESSSep 6Signalling fault disrupts Hong Kong high-speed rail service, delaying 15 trainsAt least 15 high-speed cross-border train services were delayed after a signalling fault prompted a 45-minute disruption of northbound services in Hong Kong on Sunday morning. The Transport Department said at around 8.30am that the MTR Corporation had notified authorities that high-speed rail services would be delayed due to a “signal fault”. At around 9.15am, the department said the MTR had resolved the signal issues, and high-speed rail services were gradually resuming normally. It said...South China Morning Post
BUSINESSSep 6Why Chelsea football shirts are making Hong Kong fans nervous about crypto lawsEnglish Premier League football club Chelsea’s lucrative new front-of-shirt sponsorship deal with a stablecoin issuer has left Hong Kong fans and retailers concerned about whether wearing or selling the top counts as illegal promotion under digital currency laws. Chelsea signed the deal with Circle to feature its USDC stablecoin brand on player jerseys for the 2026-27 season in late August, just three months after the UK’s Financial Conduct Authority (FCA) warned Premier League clubs about...South China Morning Post
BUSINESSSep 5Hong Kong mega bridge’s popularity takes toll on helicopter, ferry services: lawmakerThe number of vehicles using a mega bridge linking Hong Kong with Zhuhai and Macau hit a record high last year, the South China Morning Post has learned, with a lawmaker saying the boom has taken a heavy toll on ferry services and a long-running helicopter service. Transport Department figures obtained by the SCMP showed that vehicle flow via the popular Hong Kong-Zhuhai-Macau Bridge reached a record high of 5.21 million last year, up more than 19 per cent from 4.36 million in 2024. The 2025...South China Morning Post
BUSINESSSep 4Dairy Queen to make Hong Kong comeback with 4 stores. Is it scooping up cheap rents?American ice cream chain Dairy Queen will open four Hong Kong outlets in the fourth quarter of this year, as part of an ambitious expansion plan amid a wave of food and retail shop closures across the city. Dairy Queen, an 85-year-old brand, said on Friday that it would launch its flagship store at One Causeway Bay shopping centre on Hong Kong Island in November, followed by three other outlets in Kowloon, the New Territories and the outlying islands before the end of the year. “Following...South China Morning Post
BUSINESSSep 4Hong Kong Disneyland Hotel to close from October 12 for major renovationHong Kong Disneyland Hotel will temporarily close from October 12 for a comprehensive renovation and upgrade, with no completion date announced, as the resort shifts focus to seasonal culinary offerings and immersive storytelling. Hong Kong Disneyland announced on Friday that the Victorian-style property, open since 2005, will be revamped with Disney movie-themed rooms, while retaining the hotel’s classic charm. “As the world’s only Disney resort backed by mountains and facing the sea, this...South China Morning Post
BUSINESSSep 3Hong Kong poised to top New York, London in finance-hub ranking: GFCI creatorAn Asian city will eventually overtake London and New York as the world’s leading financial centre, with Hong Kong well placed to compete for the top spot given its legal predictability and low tax burden, according to the creator of a closely watched ranking of financial hubs. “It’s going to happen because it’s so tight,” said Michael Mainelli, chairman of London-based think tank Z/Yen Group, in an interview with the South China Morning Post on Tuesday, referring to the narrowing gap between...South China Morning Post
BUSINESSSep 3Moonshot AI – creator of Kimi K3 model – has filed for Hong Kong IPO: sourcesChinese artificial intelligence start-up Moonshot AI – developer of the leading Kimi K3 model – has confidentially filed for an initial public offering in Hong Kong, according to two people with knowledge of the matter, as the firm seeks to tap public markets to fund its rapid expansion. The Beijing-based company was targeting a Hong Kong listing as early as the first quarter of 2027, the sources told the South China Morning Post, asking not to be identified as the information was private. The...South China Morning Post
BUSINESSSep 3CNBC to close Hong Kong operations, scrap international shows in major overhaulUS business television network CNBC is closing its Hong Kong office and pulling the plug on several flagship international daily shows as part of a major operational overhaul across Asia and Europe. The decision was communicated to staff on Wednesday in an internal memo from the company’s executive management. According to the memo seen by the South China Morning Post, the broadcaster’s management said it made “a number of very difficult decisions” after evaluating its international programming,...South China Morning Post
BUSINESSSep 3Hong Kong regulator reclassifies certain funds with exposure to private marketsHong Kong’s market regulator has reclassified some of the city’s authorised funds with exposure to private market assets above a certain amount as complex products, raising the threshold for selling these products to retail investors. Funds with exposures to direct or indirect private market assets amounting to 50 per cent or more of their net asset value would be recategorised. The Securities and Futures Commission (SFC) said that it observed some funds gaining indirect exposure to private...South China Morning Post
BUSINESSSep 3As hordes head to Shenzhen, Hong Kong bars, restaurants sign up for more floor spaceHong Kong’s food and beverage (F&B) operators, both new and existing players, signed leases for 155,000 sq ft of new floor space in the second quarter of this year, a record high for the sector and more than double the amount registered in the first quarter, according to property consultancy CBRE. In the first half of the year, they snapped up 230,000 sq ft of new space, CBRE data showed. However, analysts said the city’s selective and narrow-based retailing recovery was forcing brands and...South China Morning Post
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