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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
BUSINESSJul 8Alibaba shares spike 12% in Hong Kong as T-Head chips, AI revenue fuel earnings optimismShares of Alibaba Group Holding surged to a high of 13.8 per cent in Hong Kong on Wednesday as equity analysts expect revenue to reaccelerate in the June quarter, driven by growing demand for artificial intelligence and narrowing losses in food delivery. The gain, the strongest this year, came before the company closed up 12.2 per cent at HK$107.5 (US$13.71). Rivals Tencent Holdings and Meituan saw their shares grow 3.8 and 3.3 per cent, respectively, while the Hang Seng Tech Index increased by...South China Morning Post
BUSINESSJul 8Mainland China court claims jurisdiction over Hong Kong-listed company in investor lawsuitA mainland Chinese court has claimed jurisdiction over an investor lawsuit against a Hong Kong-listed firm for the first time, with the move likely to increase scrutiny of corporate disclosures. Mainland investors filed the lawsuit with the Beijing Financial Court, alleging that an overseas-incorporated company had failed to disclose irregular loans, unauthorised guarantees and related-party transactions in 2017 and 2018, in violation of Hong Kong’s listing rules, according to a recent report by...South China Morning Post
BUSINESSJul 8Chinese autonomous-driving firm Momenta rises 3% in Hong Kong stock debutChinese autonomous driving firm Momenta debuted on the Hong Kong stock exchange on Wednesday, rising 3%.CNBC
BUSINESSJul 7Hong Kong’s war-risk pool testament to collaboration, insurance leader saysThe launch of a marine war-risk pool by Hong Kong insurers is a prime example of how the city’s insurers can collaborate not just for the benefit of the local economy but for the entire nation, an industry veteran has said. At the South China Morning Post’s China Conference, themed “Intelligence at Scale: Hong Kong’s AI-Powered Future”, panel speakers considered how the insurance industry could bolster financial resilience across the Greater Bay Area. Speaking at the event, Selina Lau Pui-ling,...South China Morning Post
BUSINESSJul 7Hong Kong should build AI plan around ‘competitive’ strengths, industry leaders sayHong Kong should draft a five-year plan that includes an artificial intelligence (AI) focus that is not too broad, makes the most of its core strengths and attracts the best talent to develop the sector, industry leaders have said. At the South China Morning Post’s China Conference on Tuesday, titled “Intelligence at Scale: Hong Kong’s AI-Powered Future”, speakers at two panel discussions considered how Hong Kong could deliver on its AI aspirations and the city’s readiness as a launch pad for...South China Morning Post
BUSINESSJul 7Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demandHong Kong will substantially increase its yuan facilities for banks from this Friday, while the city will also introduce a new electronic fixed income and currency (FIC) trading system as part of its latest efforts to promote yuan trading, according to local market regulators on Tuesday. Hong Kong Monetary Authority (HKMA) would increase the quota of its RMB Business Facility for banks by 1.5 times to 500 billion yuan (US$73.6 billion) from this Friday, according to its chief executive Eddie Yue...South China Morning Post
BUSINESSJul 7Hong Kong’s gold clearing and settlement firm joins Shanghai exchangeHong Kong inaugurated the trial operation of a gold clearing and settlement system on Tuesday, a step towards building the city into a trading hub and price-setter for the precious metal. The decision was announced by Chief Executive John Lee Ka-chiu at the Hong Kong FIC & Bond Connect Summit. “The government-owned Hong Kong Precious Metals Central Clearing [Company] will offer a comprehensive suite of services ranging from gold deposits and withdrawals to transaction settlements in the...South China Morning Post
BUSINESSJul 6Global investors pivot from access to scale in yuan operations, anchored by Hong KongGlobal institutional investors are pivoting away from basic market entry to scaling up their yuan operations, with offshore hubs such as Hong Kong emerging as the central infrastructure for that shift, a new survey showed. The survey, conducted by HSBC and polling more than 120 institutional investors collectively managing over US$32 trillion in assets across 12 Asia-Pacific markets, found that 63 per cent preferred offshore yuan markets for currency transactions, while 54 per cent relied on...South China Morning Post
BUSINESSJul 4Hong Kong Hetao innovation hub fully leases 2 wet lab buildings amid strong demandThe first phase of Hong Kong’s Hetao innovation hub, a key cross-border initiative under the Northern Metropolis megaproject, has been well received, with two of its wet laboratory buildings fully leased, its chairman has revealed. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming, who also chairs the Hong Kong-Shenzhen Innovation and Technology Park in the Lok Ma Chau Loop, said on Saturday that more than half of the tenant companies were from mainland China. “As...South China Morning Post
BUSINESSJul 4Caution on land tenders key to Hong Kong’s property recovery: analystsAs Hong Kong moves forward with its huge new Northern Metropolis development zone, analysts argue the government should take a cautious approach to land sales to help sustain the recent recovery in the residential property market. The large-scale project near the border with the Chinese mainland continues to progress, as the government set a tender deadline for midday on Friday for several plots in the Hung Shui Kiu/Ha Tsuen New Development Area. The parcels of land – which comprise three...South China Morning Post
BUSINESSJul 3Can Hong Kong’s arbitration skills help the new global space race take off?Hong Kong is positioning itself as a middleman in the fast-growing global space economy, senior officials and experts have said, noting the city can turn its financial markets, common law system and dispute-resolution capabilities into a commercial advantage. At the 2026 Colloquium on International Law on Friday, Secretary for Justice Paul Lam Ting-kwok said Hong Kong’s “sharpest competitive edge” lay in professional services for commercial space. He added that the city was “exceptionally...South China Morning Post
BUSINESSJul 3China’s Momenta IPO oversubscribed 414 times as Hong Kong listings pack calendarChinese autonomous-driving start-up Momenta drew massive subscription numbers for its HK$5.89 billion (US$751 million) initial public offering in Hong Kong, even as it competed against five other issuers launching their IPOs at the same time. The Suzhou-based company’s bookbuilding closed on Friday. Preliminary figures showed that it attracted nearly 210,000 subscription applications, with the public offering subscribed 414 times, according to people familiar with the matter. Sponsored by China...South China Morning Post
BUSINESSJul 3Employee training hours in Hong Kong hit 14-year high amid AI push: surveyAverage training hours per employee in Hong Kong hit a 14-year high as local companies pushed for technology adoption and workforce upskilling, a new survey released on Friday showed. According to the 2025-26 survey on workforce development needs conducted by the Hong Kong Institute of Human Resource Management, the average annual training hours per employee reached 19.4 hours in 2025. This represented a 6.8 per cent increase from 18.1 hours in 2024, marking the second consecutive year of growth...South China Morning Post
BUSINESSJul 3Kuaishou files US$3 billion Kling AI funding round to Hong Kong stock exchangeChinese short video giant Kuaishou said on Thursday evening that its artificial intelligence video arm, Kling AI, was seeking to raise around US$3 billion in its first external fundraising round, according to a filing to Hong Kong Exchanges and Clearing. The funding round, first reported by the South China Morning Post on Wednesday, was backed by a long list of investors, spanning Chinese technology heavyweights, state-backed investment vehicles and entertainment industry participants. Baidu,...South China Morning Post
BUSINESSJul 2From Hong Kong to Central Asia: law as a bridge of trust | The Weekly Reformer | Roden TongCentral Asia may seem far from Hong Kong. Yet, during my recent visit to Astana in Kazakhstan and Tashkent in Uzbekistan, as a member of the business delegation led by our Chief Executive, the Honourable John Lee Ka-chiu, I witnessed a region transforming with remarkable determination and ambition.thestandard_hk · hong kong
BUSINESSJul 2Hong Kong’s box office takings for first half of 2026 up 25% year on yearHong Kong’s box office takings for the first half of 2026 rose by nearly a quarter year on year, with the comedy Night King emerging as the highest-grossing film over the six-month period. According to figures from Hong Kong Box Office, 142 films premiered between January 1 and June 30, of which 17 were locally made. The movies generated HK$664 million (US$85 million), up from HK$531 million in the first six months of last year. “The summer film season has just begun with many family-friendly...South China Morning Post
BUSINESSJul 2Make Hong Kong China’s ‘space finance capital’, legal group urges BeijingAn independent legal group has proposed that Beijing designate Hong Kong as the country’s “space finance capital”, positioning the city as a gateway for commercial development of the sector under the national five-year plan. The Asian Academy of International Law also proposed in policy papers issued on Thursday that Hong Kong should enact a space asset registration and finance ordinance to provide legal certainty for the financing of such assets. The group pointed to Hong Kong’s key strengths...South China Morning Post
BUSINESSJul 2Hong Kong assets hit record US$5.38 trillion on renewed China appetite: SFCAssets and wealth under management in Hong Kong surged to a record high last year as global investors returned to Chinese assets, underscoring the city’s edge over Switzerland as a wealth hub. Financial firms in Hong Kong managed HK$42.2 trillion (US$5.38 trillion) worth of assets last year, a 20 per cent increase from the previous peak of HK$35.5 trillion in 2024, according to a report released by the Securities and Futures Commission on Thursday. Driven by the asset-management and...South China Morning Post
BUSINESSJul 2Hong Kong retail sales grow 7.9% in May, extending winning streak to 13 monthsHong Kong’s retail sales in May rose 7.9 per cent year on year, extending the streak of growth to 13 months, with the sector benefiting from an increase in visitor numbers amid mainland China’s Labour Day “golden week” holiday. The value of retail sales for the month reached HK$33.8 billion (US$4.3 billion), according to provisional figures released by the Census and Statistics Department on Thursday, compared with HK$31.3 billion in May 2025. Retail sales for the first five months of the year...South China Morning Post
BUSINESSJul 2Why Hong Kong has become this year’s worst-performing stock marketThere are many disconnects in financial markets. One of them is Japan’s benchmark 10-year bond yield, which currently stands at just 2.7 per cent despite the country’s large public debt burden – more than 240 per cent of economic output. Although Japanese bond yields have risen sharply in the past three years, the 10-year yield is slightly lower than that of Germany, whose government debt as a percentage of economic activity is around one-quarter the size of Japan’s. Another anomaly is the...South China Morning Post
BUSINESSJul 2Clogged pipeline: Many Hong Kong IPO hopefuls near application expirationA large number of mainland Chinese companies hoping to list shares on the Hong Kong stock exchange are anxiously waiting for a nod from the mainland securities regulator, with many now at risk of having their listing applications lapse. More than 430 companies were currently waiting in the initial public offering (IPO) pipeline, according to data from bourse operator Hong Kong Exchanges and Clearing (HKEX). More than 30, including mainland supermarket chain Qiandama and EVE Energy, a...South China Morning Post
BUSINESSJul 2From AI chips to energy drinks: Hong Kong’s biggest listing deals of 2026 so farHong Kong’s stock exchange ranked second globally by capital raised in the first half of 2026, with total proceeds from initial public offerings and secondary listings rising 84.3 per cent year on year to US$26.4 billion. Among the 84 new listings during the period, mainland Chinese issuers accounted for 98.5 per cent of the total, with the majority concentrated in advanced technology and consumer staples. Below are the five largest deals: 1. Victory Giant Technology, US$2.73 billion The...South China Morning Post
BUSINESSJul 1Rare momentum: Hong Kong universities, schools prop up commercial property marketHong Kong’s educational institutions are forecast to ramp up their investment and leasing in the commercial property segment, with leading universities and international schools among those paying top dollar to acquire or lease office and retail spaces, according to Colliers. In the first five months of the year, property acquisitions by educational institutions accounted for nearly 40 per cent of total investment in the commercial property sector, the consultancy said. “Education-related...South China Morning Post
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