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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
BUSINESSSep 3Mainland Chinese investors buy Hong Kong tech stocks in AI pivot, sell financialsChinese mainland investors rotated into Hong Kong stocks tied to artificial intelligence and pulled out of companies in traditional industries in August, taking advantage of a market dip to boost bets on the world’s most cutting-edge technology. AI model developer MiniMax Group logged net buying of HK$10.1 billion (US$1.29 billion) last month, the most among the Hong Kong-listed companies available for China’s onshore investors through the Stock Connect programme, according to data compiled by...South China Morning Post
BUSINESSSep 3Hong Kong’s first high-end expo with yachts and supercars to launch in NovemberHong Kong will roll out its first cross-industry exhibition for high-end products ranging from haute jewellery to supercars, yachts and private jets in November, as part of efforts to attract big spenders and cement the city as a global conference and event capital. The South China Morning Post learned on Wednesday that the inaugural Festival of Connoisseurs will receive some of the HK$100 million (US$12.8 million) set aside in Hong Kong’s 2026-27 budget to attract large-scale international...South China Morning Post
BUSINESSSep 3Rare large-scale MTR topside tender draws heavyweight Hong Kong developersTender submissions for the MTR Corporation’s Tuen Mun Area 16 Station phase two property development closed on Wednesday, with market sources saying top Hong Kong developers including CK Asset, Sun Hung Kai Properties and Henderson Land Development submitted bids. A consortium comprising Sino Land, Kerry Properties, China Overseas Land & Investment and Great Eagle also submitted a bid, the sources added. MTR Corp said a total of four bids were received, and that they would be given detailed...South China Morning Post
BUSINESSSep 23 key belt and road connectivities that Hong Kong drivesRecently, I joined Secretary for Commerce and Economic Development Algernon Yau Ying-wah in Malaysia for the official opening of the Hong Kong Economic and Trade Office in Kuala Lumpur. The occasion marked an elevation in Hong Kong’s economic and trade ties with Malaysia and the broader Southeast Asian region. During the visit, Hong Kong’s Belt and Road Office hosted a forum that brought government officials, business leaders and professionals together for substantive discussions – underscoring...South China Morning Post
BUSINESSSep 2Philippine fast-food giant Jollibee picks Hong Kong over New York for spin-off listingThe parent company of Philippine fast-food giant Jollibee plans to spin off and list its international operations in Hong Kong instead of New York in a strong endorsement of the city’s initial public offering (IPO) diversification efforts. Jollibee Foods Corp (JFC) said in January that it intended to list its overseas arm, Jollibee Foods Corporation International (JFCI), in the United States. The company has now selected Hong Kong as its listing destination. “Hong Kong offers the market depth...South China Morning Post
BUSINESSSep 1Hong Kong Belt and Road Summit explores new cross - regional opportunities this SeptemberThe Hong Kong Belt and Road Summit will convene in September to explore new cross-regional opportunities. This event focuses on international trade and development initiatives.en.antaranews.com · Indonesia
BUSINESSSep 1Hong Kong Belt and Road Summit explores new cross - regional opportunities this SeptemberHong Kong will host a Belt and Road Summit in September to explore new cross-regional opportunities. This event focuses on fostering international economic cooperation and development.jcnnewswire.com · Japan
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