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BUSINESS11h agoHong Kong bus operators seek fare hikes of up to 17.7% amid fuel price surgeFour Hong Kong franchised bus operators have applied to raise fares by up to 17.7 per cent, citing “significant financial pressure” from soaring fuel prices driven by the Middle East conflict. Citybus has sought the steepest increase, at 17.7 per cent, followed by the KMB Company at 16 per cent. Long Win Bus and New Lantao Bus have applied for rises of 8.1 per cent and 9.8 per cent respectively, according to a paper the Transport and Logistics Bureau submitted to the Legislative Council on...South China Morning Post

BUSINESS11h agoNo rush to T+1: Hong Kong exchange won’t hurry settlement-time change, sources sayParticipants in Hong Kong’s stock market may need to wait longer for shorter transaction settlement times, as market participants want more time to prepare for the change, according to two sources familiar with the matter. Bourse operator Hong Kong Exchanges and Clearing (HKEX) said in a consultation paper in April that it aimed to implement a so-called T+1 system – under which trades would be settled one day after transactions – in the fourth quarter of 2027, replacing the existing T+2...South China Morning Post

BUSINESS13h agoBofA drops out of talks to arrange Moonshot AI's Hong Kong listing: reportBank of America has reportedly withdrawn from discussions to arrange Moonshot AI's public listing in Hong Kong. This development indicates a change in the financial plans for Moonshot AI's market entry.Seeking Alpha Tech

BUSINESS16h agoDoes Hong Kong’s economy serve the people or profit?China has lifted nearly 800 million people out of extreme poverty, arguably the greatest achievement in poverty reduction in human history. Even so, no mainland Chinese economist has won the Nobel Prize in Economic Sciences. Across the Pacific, the United States has produced about 75 per cent of Nobel economics laureates, even as its economy staggers under mounting public debt, chronic fiscal deficits, and recurring financial crises and government shutdowns. Of the 99 economics laureates ever...South China Morning Post

BUSINESS17h agoWhy did Hong Kong’s 11 Skies fail and can the megaproject be rescued?The roar of plane engines and the hustle and bustle at Hong Kong International Airport’s Terminal 2 present a stark contrast to the pin-drop silence at the adjacent 11 Skies commercial complex. A South China Morning Post reporter who travelled between the two places in early October found minimal footfall at the shopping centre, with the bright and airy environment of the airport terminal replaced by dim, stuffy and boarded-up corridors, and poor air conditioning amid the simmering outdoor...South China Morning Post