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BUSINESS5d agoYuen Kee Food enters final stage of Hong Kong IPO after HKEX approval, sources sayYuen Kee Food Group, the owner of well-known restaurant brand Yuen Kee Dumpling, has cleared its listing hearing with the Hong Kong Exchanges and Clearing (HKEX), aiming to raise between HK$300 million (US$38.3 million) and HK$400 million, according to people familiar with the matter. The conclusion of the hearing marked its initial public offering (IPO) plan entering its final stage, and the company planned to kick off the offering in October, the sources said, who asked not to be named because...South China Morning Post
BUSINESS6d agoHong Kong home prices headed for 15% gain this year, Midland forecast saysHong Kong’s home prices will end the year 15 per cent higher than a year earlier, but still 16 per cent below their high-water mark in 2021, according to local property agency Midland Realty. Underpinning the positive forecast, the city’s banks were not likely to follow an increase in US interest rates by the Federal Reserve if one occurred this year, executives from the agency said at a press conference on Thursday. Dave Ma Tai-yeung, CEO of Midland (Residential), said that as the market...South China Morning Post
BUSINESS6d agoSHKP posts 4.6% profit rise amid Hong Kong’s property recoverySun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market capitalisation, reported its underlying profit for the year ending June rose 4.6 per cent to HK$22.85 billion (US$2.91 billion), excluding investment property revaluations. Meanwhile, its reported profit increased to HK$21.43 billion, backed by a HK$1.38 billion net revaluation gain versus a HK$742 million loss last year, according to its filing with the Hong Kong stock exchange on Thursday. “For the year under review, Hong...South China Morning Post
BUSINESS6d agoKimi maker Moonshot AI to explore dual Hong Kong and Shanghai IPOs to boost capital: sourcesChinese artificial intelligence start-up Moonshot AI, developer of the popular Kimi K3 model, may explore options for dual listings in Hong Kong and Shanghai in pursuit of greater capital and exposure, according to two people familiar with the matter. Since a meeting with its financial backers in July, when the Beijing-based company negotiated detailed arrangements for an initial public offering in Hong Kong, it has hinted at options to also list on a mainland bourse afterwards, one source...South China Morning Post
BUSINESS6d agoMainland Chinese shoppers lose trusted Hong Kong veggie tag as customs revamp hits shelvesMainland Chinese supermarkets, including US warehouse retailer Sam’s Club, have dropped the Hong Kong-bound vegetable label under new customs rules. The change has triggered widespread concern among consumers, as the label had long served as a selling point for high quality amid frequent mainland food-safety incidents. The removal stems from new rules by the General Administration of Customs. From September 1, registration will no longer be required for growing farms, and only food-processing...South China Morning Post
BUSINESSSep 9Susquehanna latest to pick up larger office space in Hong Kong’s Central, sources sayUS investment firm Susquehanna International Group has agreed to lease more than 4,808 square metres (51,762 square feet) of office space at the Cheung Kong Center II, a prime office skyscraper developed by CK Asset Holdings in Hong Kong’s main business zone of Central, according to market sources. Neither Susquehanna nor CK Asset immediately replied to the South China Morning Post’s requests for comments. The new space would span three floors of the property, according to the...South China Morning Post
BUSINESSSep 9Hong Kong, Kazakhstan sign MOU on transport lab, discuss low-altitude economyKazakhstan has signed a memorandum of understanding with Hong Kong’s transport authorities to establish a laboratory and discussed low-altitude economy initiatives to help manage traffic jams. Bakhtiyar Mukhametkaliyev, Kazakhstan’s vice-minister of artificial intelligence and digital development, told the South China Morning Post on Wednesday about discussions with the team of Hong Kong’s Secretary for Transport and Logistics Mable Chan on the sidelines of the Belt and Road Summit in the...South China Morning Post
BUSINESSSep 9Hong Kong a ‘2-way springboard’ between mainland China and world: John LeeHong Kong will continue to serve as a gateway linking belt and road economies with mainland China and global markets, the chief executive has said, underscoring the city’s role in bringing together capital, talent and businesses to advance the national initiative. Speaking at the opening of the annual Belt and Road Summit on Wednesday, John Lee Ka-chiu said more than 60 government and business agreements and memorandums of understanding (MOUs) would be signed during the event, with the total...South China Morning Post
BUSINESSSep 9Hong Kong scores new record in investment products sales in 2025 : surveyA survey indicates that Hong Kong is projected to achieve a new record in investment product sales in 2025. This highlights a positive forecast for the region's financial market.en.people.cn · China
BUSINESSSep 9Oman’s No 2 bank Sohar International to open representative office in Hong Kong this weekSohar International Bank, Oman’s second-largest bank by total assets, will open a local representative office in Hong Kong this week, according to sources, underlining the city’s role as a stable financial hub amid Middle East conflicts. CEO Abdulwahid Mohamed Al Murshidi will visit Hong Kong for the office’s opening ceremony on Thursday morning, according to a source, who requested anonymity as the information was private. The new office, located at Cheung Kong Center II in Central, represents...South China Morning Post
BUSINESSSep 8Uber to apply for Hong Kong licence by end of October as Macau rides surgeRide-hailing platform Uber will submit its operator’s licence application in Hong Kong by the end of October, its local general manager has revealed, as the city government moves to regulate the service. The platform also said on Tuesday that Hong Kong residents accounted for the largest share of its users in Macau, months after it relaunched in the gaming hub in February following a nearly decade-long absence. “We’re putting our best foot forward, making sure we can comply with the government...South China Morning Post
BUSINESSSep 8Investors pour record US$1.3 trillion into Hong Kong investment productsSales of non-exchange-traded investment products in Hong Kong surged to a record HK$9.9 trillion (US$1.3 trillion) in 2025, marking a 63 per cent year-on-year increase, according to the latest joint survey by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA). A significant expansion in market participation drove the record-breaking performance. The number of investors completing at least one transaction rose 33 per cent to a record at more than 1.6 million,...South China Morning Post
BUSINESSSep 8Hong Kong reserves right to seek compensation over faulty hospital lift workHong Kong authorities have reserved the right to seek compensation from contractors over faulty lift installation work that has delayed operations at Queen Mary Hospital’s new block, the development minister has said. Secretary for Development Bernadette Linn Hon-ho said on Tuesday that the main contractor, a Paul Y-Able joint venture, and lift subcontractor Anlev Elex Elevator would be required to bear all costs of remedial work, ensuring public expenditure on the project would not...South China Morning Post
BUSINESSSep 8Expand Hong Kong’s MPF investment choices, lure mainland pension funds: financial councilHong Kong should consider allowing the Mandatory Provident Fund to invest in more asset classes, and lure more long-term patient mainland capital, such as pension funds, to invest globally through the city, the Financial Services Development Council (FSDC) said in a report on Tuesday. The MPF, the city’s compulsory retirement scheme, now has total assets of HK$1.67 trillion (US$213 billion) and invests in stocks, bonds and deposits. The FSDC suggests allowing a portion of the funds to be...South China Morning Post
BUSINESSSep 8Hong Kong a boon to Kazakhstan’s advanced manufacturing ambitions, ties to Europe: expertHong Kong firms could look to Kazakhstan as a base for advanced manufacturing and as a gateway to Europe, while the city’s robust capital markets could attract businesses in the Central Asian country, a diplomat and business adviser has said. Sabr Yessimbekov, adviser to the chairman of the presidium of the National Chamber of Entrepreneurs of the Republic of Kazakhstan, told the South China Morning Post on the sidelines of the inaugural China Conference: Central Asia 2026 that some projects in...South China Morning Post
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
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