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BUSINESSOct 21Apec meeting highlights Hong Kong’s ‘Going Global’ pathwayAsia-Pacific Economic Cooperation (Apec) nations agreed to boost economic coordination amid mounting challenges after a meeting of finance ministers in Hong Kong. “We note that global imbalances have persisted, creating risks to growth and stability,” the finance ministers said in a joint statement following two days of talks. “We recognise that global rebalancing is in our common interest and agree to strengthen communication and cooperation in this regard.” The group also released a policy...South China Morning Post
BUSINESSOct 21Hong Kong sees last-minute IPO cancellations amid increased regulatory checks, weak marketHong Kong’s tougher oversight and weak investor demand have put many mainland China issuers in a dilemma, forcing many small-cap non-technology firms to delay their fundraising plans or even cancel them at the last minute, according to industry players. On Tuesday Jiangsu Slender West Lake Culture and Tourism (SWL Tour) became the latest such case, when the state-owned aquatic tourism service provider postponed a HK$227 million (US$28.93 million) listing. The company attributed the decision to...South China Morning Post
BUSINESSOct 21Apec finance ministers reach consensus on AI, digital financing in Hong KongAsia-Pacific Economic Cooperation (Apec) finance chiefs reached a consensus on economic policy coordination and cooperation on financing technology and artificial intelligence at a landmark two-day gathering in Hong Kong, according to China’s finance minister. Lan Foan said the outcomes achieved during the Apec Finance Ministers’ Meeting would help shape discussions at the leaders’ summit in Shenzhen next month. “China will work with all member economies to implement the important consensus...South China Morning Post
BUSINESSOct 21Why foreign companies are still betting on Hong Kong’s culinary reputationDespite a downturn in Hong Kong’s food and beverage sector, foreign enterprises are still betting on the city as a fine-dining destination, with a South Korean hydroponic ginseng grower and a 123-year-old Japanese confectioner choosing it for their first overseas ventures. Jack Kwon, founder and CEO of Seoul-based Biofx, signed a deal with Hong Kong hydroponics firm Farm66 last Thursday to grow Korean gourmet ginseng in the city and sell it to local consumers and restaurants. The deal marks the...South China Morning Post
BUSINESSOct 20Second land tender at Hong Kong’s border tech hub draws 9 bidsA second batch of land at Hong Kong’s flagship tech hub at the border with mainland China has drawn nine bids, with frontier technology firms and major conglomerates among the tenderers. The Loop Hong Kong Park Company, which operates the Hong Kong-Shenzhen Innovation and Technology Park (HSITP), revealed the results on Tuesday, nearly two months after six bids were received from conglomerates and hi-tech firms for its inaugural land tender at the end of August. Tuesday’s tender covered three...South China Morning Post
BUSINESSOct 20Suzhou Dongshan’s US$1.8b Hong Kong IPO trails expectations amid US trade risk concernsSuzhou Dongshan Precision Manufacturing raised less than expected in its Hong Kong initial public offering (IPO), as investors weighed potential US trade restrictions on its optical modules business amid the city’s cautious appetite for mega listings, analysts said. The company has started taking investor orders for a Hong Kong listing, offering 113.7 million shares at a maximum price of HK$93.80 per share, according to its prospectus on Tuesday. A total of 20 cornerstone investors have agreed...South China Morning Post
BUSINESSOct 20John Lee pledges to showcase Hong Kong’s financial strengths at Apec meetingHong Kong’s leader pledged to showcase the city’s financial strengths to the world as it hosts the two-day Apec Finance Ministers’ Meeting for the first time. Observers said the event, which began on Tuesday and runs until Wednesday, would also help dispel misperceptions abroad about Hong Kong’s economy and development, while drawing business leaders from around the world. Speaking at a summit on Greater Bay Area development, Chief Executive John Lee Ka-chiu expressed gratitude for the country’s...South China Morning Post
BUSINESSOct 20Singapore, Hong Kong take different paths in race for stablecoin dominance. Who will win?While Hong Kong is betting on its established banking network to bring stablecoins into mainstream finance, Singapore is seeking to make regulated digital currencies easier to use. Both approaches reflect different priorities in the race to build global cryptocurrency centres: Hong Kong is linking stablecoins to its existing financial system, while Singapore is looking to strengthen the infrastructure for circulating and settling tokenised assets. Analysts said the ultimate test would be whether...South China Morning Post
BUSINESSOct 20Hong Kong to cement its role as a yuan bond hub by appealing to more sovereign borrowersHong Kong is opening its arms to more sovereign debt issuers, as this week’s Apec Finance Ministerial Meeting (FMM) provides a good opportunity to demonstrate the depth and advantages of the city’s financial markets. Its signature dim sum bond market could leverage low fundraising costs relative to that of developed markets and risk diversification considerations to make the city a magnet for sovereign borrowers, including many members of the Asia-Pacific organisation, according to...South China Morning Post
BUSINESSOct 19Worldview Global Impact and HKUST Formalize Partnership to Deliver Columbia SIPA Executive Education in Hong KongWorldview Global Impact and HKUST have formalized a partnership to deliver Columbia SIPA Executive Education in Hong Kong. This collaboration aims to expand executive education opportunities in the region.recorder.ca · Canada
BUSINESSOct 19Worldview Global Impact and HKUST Formalize Partnership to Deliver Columbia SIPA Executive Education in Hong KongWorldview Global Impact and HKUST have formalized a partnership to deliver Columbia SIPA Executive Education programs in Hong Kong. This signifies an expansion of executive education offerings and collaboration between international and local institutions.thewhig.com · Canada
BUSINESSOct 18Second-hand smartphone traders eye Hong Kong as springboard for global exportsA pavilion dedicated to second-hand smartphones has made its debut at a Hong Kong trade show now under way, drawing international recycling platforms, refurbishers and automated kiosk operators hoping to use the city as a springboard to export used devices to other markets. The inaugural Global Mobile Exchange Pavilion, co-hosted by the Hong Kong International Communications Electronic Chamber (HKICEC) and Global Sources, opened on Sunday at AsiaWorld-Expo as part of phase two of the Global...South China Morning Post
BUSINESSOct 18Hong Kong’s primary residential market sees wave of launches, successful salesHong Kong homebuyers are poised to see new residential launches in the coming days and weeks following a sell-out weekend of more than 360 flats in two major projects in the city. Sun Hung Kai Properties (SHKP), one of Hong Kong’s major developers and landlords, was set to hold a second round of sales for Sierra Sea Phase 2C(2) in Shap Sze Heung, which is between Sai Kung and Ma On Shan, with 152 flats on offer on Wednesday, it said in a statement. Among them, 128 flats would be sold via a...South China Morning Post
BUSINESSOct 18Rokid launches ‘no man’s land’ retail experience with Hong Kong flagship store openingWhen shoppers step into Rokid’s brand new flagship store in Hong Kong, they are greeted not by eager sales associates, but by glowing monitor screens and a robotic system waiting at the exit. In what the Chinese augmented reality (AR) gadget pioneer called an experiment in “no man’s land” retail, customers navigate the entire journey independently: testing artificial intelligence smart glasses, making payments on a screen and receiving their new devices directly from an automated system on their...South China Morning Post
BUSINESSOct 18More drug, semiconductor firms eyeing Hong Kong for expansion, OASES head saysTen to 20 more companies are set to establish or expand operations in Hong Kong, including leading drug makers and a semiconductor business, with a roughly equal number of mainland Chinese and overseas firms, the head of a government investment office has said. Peter Yan King-shun, director general of the Office for Attracting Strategic Enterprises (OASES), a government body under the Financial Secretary’s Office, offered a preview of the developments on Sunday, with details of the next batch of...South China Morning Post
BUSINESSOct 18Hong Kong ‘optimistic’ on economic growth despite global slowdown, Paul Chan saysThe government is more “optimistic” than the International Monetary Fund (IMF) about Hong Kong’s economic growth for the year, the finance chief has said, pointing to the city’s unique position to capitalise on international capital flows and the artificial intelligence (AI) boom. Writing on his blog on Sunday after attending the IMF and World Bank Group’s annual meetings in Bangkok, Financial Secretary Paul Chan Mo-po said world leaders’ discussions had been dominated by two factors: the rapid...South China Morning Post
BUSINESSOct 18Why is Hong Kong hosting the Apec Finance Ministers’ Meeting? There is another agendaAs Hong Kong hosts the Apec Finance Ministers’ Meeting on Tuesday, this two-part series examines the summit’s significance and its implications for Beijing on the global stage. In part one, Simpson Cheung and Alfred Lam explore how the event could elevate the city’s status as an international financial centre at a pivotal moment. Beijing’s decision to have Hong Kong host the Apec Finance Ministers’ Meeting this week is a deliberate move to galvanise the city’s standing as an offshore renminbi...South China Morning Post
BUSINESSOct 17Hong Kong’s new Huanggang Port seemingly quiet ahead of expected holiday rushHong Kong’s newly revamped Huanggang Port is expected to handle more than 100,000 passenger trips a day over the three-day Chung Yeung Festival holiday, but its departure hall remained quiet on Saturday morning. Secretary for Security Chris Tang Ping-keung said the port had operated smoothly since opening on Monday, handling about 80,000 passenger trips a day, with the figure exceeding 92,000 on Friday. That represented a 1.5-fold to almost twofold increase from the 30,000 to 40,000 trips...South China Morning Post
BUSINESSOct 17Hong Kong touts distinct features to set it apart from London in global gold hub pushDistinctive features will set Hong Kong apart from London, a major bullion hub, as the city accelerates efforts to develop an international gold and precious metals trading ecosystem covering the entire value chain, a minister has told the South China Morning Post. In an exclusive interview on Thursday, Secretary for Financial Services and the Treasury Christopher Hui Ching-yu said the city would officially launch a central gold clearing platform in the first quarter of next year. It would...South China Morning Post
BUSINESSOct 16Hong Kong aims for share of HK$350 billion yacht industry as travel scheme launchesHong Kong can capture a share of the global yacht industry, which is expected to reach HK$350 billion (US$44.6 billion) in six years, a senior official has said as the city launched a scheme to welcome leisure vessels from mainland China. Secretary for Transport and Logistics Mable Chan also announced fresh measures to attract overseas captains and draw superyachts to the city on Friday. The new Southbound Travel for Yachts from Guangdong scheme is part of the government’s broader plan to...South China Morning Post
BUSINESSOct 16Alo Yoga rakes in record HK$20 million in first-week sales at Hong Kong mallAmerican athleisure brand Alo Yoga generated nearly HK$20 million (US$2.6 million) in sales during its first week in Hong Kong, breaking an opening-week record at a luxury waterfront shopping centre and highlighting growing appetite for premium wellness products amid an uneven retail recovery. The brand, which soft opened its first Greater China flagship at K11 Musea in Tsim Sha Tsui on September 25, recorded the highest first-week sales among new stores at the mall, excluding jewellery and...South China Morning Post
BUSINESSOct 16Sharpening Hong Kong’s edgeDownload the PDF This is the third in a series of Factsheets on Hong Kong’s first five-year plan and 2026 policy address. Part I – Hong Kong’s new chapter Part II – The story begins ... Part III – Sharpening Hong Kong’s edge Part IV – Tapping into tech and talent The series has been produced with support from the Hong Kong SAR government. To see the South China Morning Post’s coverage of the five-year plan, click here. This Factsheet will appear in the SCMP print edition on October 20....South China Morning Post
BUSINESSOct 15Hong Kong investors most eager in Asia to beat markets – but temper return hopes: reportHong Kong investors are Asia’s most ambitious stock pickers, but they have much more subdued return expectations than regional peers swept up in enthusiasm over artificial intelligence, according to a survey by a global asset management firm. Some 95 per cent of Hong Kong respondents said they wanted to outperform the market, the highest proportion in Asia, where the average stood at 85 per cent, according to a survey conducted in August by Natixis Investment Managers. Hong Kong investors...South China Morning Post
BUSINESSOct 15Hong Kong ranks third globally as philanthropy hub, behind New York and Seoul, study findsHong Kong has emerged as the third best city in the world for wealthy individuals seeking to make philanthropic contributions over the medium term, trailing New York and Seoul, according to a study by Altrata. The inaugural Giving Opportunity Index by the US-based group that tracks the world’s affluent population ranked 100 cities based on three criteria: wealth, donor affinity and philanthropic infrastructure. The study defined the “global wealthy” as individuals with a net worth of more than...South China Morning Post
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