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BUSINESSJul 14Shein’s Donald Tang passing baton to CEO Sky Xu ahead of Hong Kong listing: ReutersA key figure at Shein is transferring leadership to the current CEO in anticipation of the company's Hong Kong stock listing. This indicates a significant internal transition and public market debut for the firm.Seeking Alpha Tech
BUSINESSJul 14Nigeria, Hong Kong sign double taxation treaty to boost trade, investmentThe agreement is expected to eliminate double taxation on income earned in both jurisdictions, strengthen tax cooperation and encourage greater cross-border investment. The post Nigeria, Hong Kong sign double taxation treaty to boost trade, investment appeared first on Premium Times Nigeria.Premium Times
BUSINESSJul 13Hong Kong’s Star Ferry seeks 30% fare rise, eyes pet-friendly serviceHong Kong’s Star Ferry has applied to raise fares by about 30 per cent across its two franchised routes, citing rising operating costs, while proposing a new pet-friendly service between Wan Chai and Tsim Sha Tsui. The operator applied in March to raise fares on its two franchised routes by between 80 HK cents and HK$2 (10 and 25 US cents) per journey, according to a government paper submitted ahead of a Legislative Council transport panel meeting scheduled for Friday. Adult weekday fares for...South China Morning Post
BUSINESSJul 13Futu expects mainland brokerage business to shrink but vows to keep Hong Kong outletsFutu Holdings, the Nasdaq listed Chinese broker that was recently penalised by China’s securities regulator, said it expects a gradual fall off in mainland business but has no plan to cut Hong Kong outlets. Mainland Chinese-funded accounts had dropped to 13 per cent of its total and their combined size was 17 per cent of total client assets at the end of March 2026, the broker said in a briefing in Hong Kong on Monday, without providing comparison figures. “It will definitely see a gradual...South China Morning Post
BUSINESSJul 13Are HSBC shares set for a turnover bump owing to Hong Kong’s board-lot reform?Brokers expect HSBC Holdings, a staple in the portfolios of Hongkongers, to see a large increase in interest from both local and international investors, as the stock’s minimum trading unit is set to change as part of the stock exchange’s board-lot reform process. Investors have long sought the change for the stock – known as a “widow and orphan” stock, as it pays a high dividend while bearing low risk – because its 400-share lot put it out of reach for many. At that level, retail investors had...South China Morning Post
BUSINESSJul 12Hong Kong developers ready new home launches amid forecasts of muted price increasesSome of Hong Kong’s largest developers, including Sun Hung Kai Properties (SHKP) and Wheelock Properties, are set to release new units in residential projects this month amid an expected cooling of price increases. SHKP, the city’s largest developer in terms of market capitalisation, released the price list for 120 units at its Garden Regency project in Kam Tin North in the New Territories on Tuesday. With maximum discounts of 16 per cent, the flats, ranging between 289 sq ft and 412 sq ft in...South China Morning Post
BUSINESSJul 12Fifa World Cup: Hong Kong pubs, restaurants enjoy net gains from big matchesMany bars, restaurants and shopping centres in Hong Kong have enjoyed brisk business thanks to the World Cup, with top nightlife district Lan Kwai Fong recording an up to 70 per cent jump in patronage for this year’s big matches. Lan Kwai Fong Group chairman Allan Zeman told the South China Morning Post that he had joined football fans in the entertainment district in Central for the England-Norway game in the early hours of Sunday morning. “It’s [been] a crazy night. It’ll only get crazier once...South China Morning Post
BUSINESSJul 12Gulf capital flowing into Asia as Hong Kong-Middle East trade up 35%: Paul ChanCapital from the Gulf region is showing signs of flowing into Asia, according to Hong Kong’s finance chief, as bilateral trade between the Middle East and the city rose 35 per cent in the first five months of the year. In his weekly blog on Sunday, Financial Secretary Paul Chan Mo-po said Hong Kong and the Middle East had deepened ties in the areas of the economy, trade, finance, innovation and technology (I&T), and culture over the past few years. While trade between the Gulf Arab States and...South China Morning Post
BUSINESSJul 11UK VAT on private schools triggers record decline in Hong Kong studentsHong Kong student numbers at UK private schools experienced a record decline after Britain imposed a 20 per cent tax on fees last year, with enrolment falling by 17 per cent and new admissions down by 26 per cent. A consultant specialising in student recruitment for British private schools said enrolment had returned to levels seen before Hong Kong’s emigration wave, with parents becoming more selective as costs rose. According to an annual census by the United Kingdom’s Independent Schools...South China Morning Post
BUSINESSJul 11BYD showcases battery, charging technology in 15,000km journey from Rome to Hong KongBYD, the world’s largest electric vehicle (EV) maker, has intensified efforts to promote its high-performance batteries and superfast charging technology around the world as it tests a car that it says boasts the world’s longest driving range in a journey from Rome to Hong Kong. A fleet of upgraded versions of the Z9GT, a car produced under BYD’s premium Denza brand, has been travelling across European countries including Italy, Croatia, Serbia and Turkey for nearly a month at the start of a...South China Morning Post
BUSINESSJul 11Hong Kong may adjust tunnel tolls as traffic surpasses pre-reform peakTolls at Hong Kong’s cross-harbour tunnels could be adjusted in the future to better control the flow of vehicles as traffic volume has exceeded levels recorded before fees were overhauled in late 2023, transport authorities have said. A Transport Department paper submitted to the Legislative Council said tolls would need to remain flexible in the future because queues during some peak periods were still spilling onto connecting roads and non-tunnel lanes. “Total traffic volume across the three...South China Morning Post
BUSINESSJul 11No public subsidies needed for Pak Shek Kok MTR station: Hong Kong ministerNo government subsidies will be needed to build the long-awaited Pak Shek Kok station on the East Rail line, Hong Kong’s minister has said, after authorities agreed to grant the MTR Corporation development rights at two sites. Secretary for Development Bernadette Linn Hon-ho said on Saturday that the “rail-plus-property” model would fully cover construction costs, even though a detailed estimate had yet to be finalised. “We are still awaiting the MTR Corp’s detailed design and cost estimates,”...South China Morning Post
BUSINESSJul 10Hong Kong’s 3-year deal to host LEAP East ‘affirms’ global I&T roleHong Kong’s role as the exclusive Asian host of the Middle East’s flagship LEAP East exhibition affirms its status as a global hub for innovation and technology (I&T), the Tourism Board has said. The Asian debut of the expo wrapped up in Hong Kong on Friday, drawing more than 25,000 visitors over three days. The city will serve as the event’s sole Asian host for the next three years. “This significant partnership not only demonstrates the global industry’s confidence in Hong Kong, but also...South China Morning Post
BUSINESSJul 10Shein's secretive founder Sky Xu faces biggest public test with Hong Kong IPOShein's founder, Sky Xu, is facing a major public challenge with the company's upcoming Hong Kong IPO.Yahoo Finance
BUSINESSJul 10Shein receives approval for Hong Kong listing planShein has received approval for its plan to list on the Hong Kong stock exchange. This marks a significant step for the company's financial future.Seeking Alpha Tech
BUSINESSJul 10Why Payward chose Hong Kong to be its Asian stablecoin gatewayWith its multi-currency advantages and regulatory clarity, Hong Kong has become a critical gateway connecting stablecoins – cryptocurrencies pegged to a stable asset like the US dollar – with traditional finance. Executives said this would help businesses cut costs, lower risks and support expansion into emerging markets. The city’s unique positioning stemmed from its century-long role as a gateway for international business, said Arjun Sethi, Co-CEO of Payward, the parent company of Kraken – a...South China Morning Post
BUSINESSJul 10HSBC looks for buyers of Hong Kong subsidiary Hang Seng’s risky loansIntended sale of Hang Seng debt a sign of how UK bank will overhaul retail lender taken private this yearFinancial Times
BUSINESSJul 10Hong Kong exchange marks progress in luring more listings from abroadThe Hong Kong stock exchange is drawing a growing number of foreign companies from across Asia and North America that are seeking international capital, as the bourse marks progress in its ambition to be a global magnet for fundraising. The latest firm seeking to join the cohort is Kazakhstan Temir Zholy, the Central Asian nation’s railway operator and owner of the country’s largest fleet of locomotives and rolling stock, which filed for a Hong Kong listing on June 30, according to bourse...South China Morning Post
BUSINESSJul 10Why did only 2 Hong Kong developers put up their hands for Northern Metropolis project?Stretches of green farmland and shimmering ponds, winding village roads and sprawling brownfield logistics yards all lend Hung Shui Kiu in the New Territories a patchwork look of rustic Hong Kong standing in stark contrast to its glistening skyscrapers. This rural landscape is slated for radical transformation under the government’s ambitious Northern Metropolis blueprint and is primed to be reinvented as a modernised logistics hub in the near future. However, the premise of this transformation...South China Morning Post
BUSINESSJul 10How the RMB Business Facility will help consolidate Hong Kong’s financial roleHong Kong’s updated yuan financing tool for banks, featuring a quota 150 per cent larger than before, was launched on Friday, giving a significant boost to the use of the Chinese currency in daily global business. What is the RMB Business Facility? The RMB Business Facility is a funding window run by the Hong Kong Monetary Authority (HKMA) that allows participating banks to borrow yuan at the relatively cheap Shanghai three-month interbank offered rate, which is about 2 percentage points lower...South China Morning Post
BUSINESSJul 9At high-end Hong Kong hotels, rates check in above pre-pandemic highs, outpace marketHong Kong’s luxury hotels have outpaced the city’s broader hospitality market since last year, with their room rates exceeding 2018 levels as demand recovers, according to a report by global property consultancy Jones Lang LaSalle (JLL). Citing official tourism figures, JLL said high-end properties were the only segment that returned to 2018’s average daily rates (ADRs) in 2025, hitting HK$2,169 (US$277) – an increase of 1 per cent from what they were charging before 2019 and during the Covid-19...South China Morning Post
BUSINESSJul 9AirPods maker Luxshare slides over 5% in Hong Kong debutThe company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion).CNBC
BUSINESSJul 9Saudi Arabian tech giant eyes Hong Kong as Asia gateway and smart city partnerA Saudi Arabian tech giant has made Hong Kong its first stop on its maiden visit to Asia, expressing strong interest in partnering with local authorities to co-develop a smart city and establish a strategic gateway to the broader regional market. The remarks on Wednesday followed the opening of LEAP East 2026, the inaugural Hong Kong edition of the global tech event, where Financial Secretary Paul Chan Mo-po highlighted deepening ties between the two regions. Chan said he would lead a business...South China Morning Post
BUSINESSJul 8When will Hong Kong’s retail leasing market see a turnaround?Hong Kong’s retail leasing market remained under pressure with rental rates far below the pre-pandemic levels, while Beijing’s crackdown on capital flight and a potential rate hike in the second half of the year by the US Federal Reserve would add to sector uncertainties, according to analysts. The food and beverage sector has seen numerous closures of both casual eateries and high-end restaurants in recent months. Fast-food chain Maxim’s MX scaled back operations and closed its South Horizons...South China Morning Post
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