GLOBEALERT
Sign in

Feed

Open sources, classified and cross-checked. 169+ stories.

AllConflictMilitaryPoliticsBusinessSci & TechCyberDisasterHealthWorld
24h3 days7 days30 daysAll·All regionsNorth AmericaSouth AmericaWestern EuropeEastern EuropeBalticsMiddle EastNorth AfricaSub-Saharan AfricaSouth AsiaEast AsiaOceania
BUSINESSAug 18Hong Kong’s dim sum bond market hits new heights as State Grid deal draws record ordersHong Kong’s offshore yuan bond market has seen another record-breaking deal – the largest single issuance by a Chinese state-owned enterprise – underscoring the growing appeal of the city’s dim sum bond market. State Grid Corporation of China raised 14.9 billion yuan (US$2.2 billion) through offshore yuan-denominated bonds, known as dim sum bonds, according to a statement on Monday from Bank of China, which acted as a joint global coordinator for the deal. The offering comprised 3.9 billion yuan...South China Morning Post
BUSINESSAug 18How Hong Kong infrastructure, AI firms are tapping Malaysia’s growth prospectsHong Kong infrastructure and artificial intelligence (AI) firms are well placed to capitalise on a surge of expansion opportunities in Malaysia, but unlocking this potential will require cultural sensitivity and adapting to local market dynamics, industry insiders have said. The remarks follow the recent opening of Hong Kong’s new Economic and Trade Office in Kuala Lumpur to bolster bilateral ties, coinciding with Malaysia’s New Industrial Master Plan 2030, which aims to advance the country’s...South China Morning Post
BUSINESSAug 17Is Hong Kong’s property market recovery running out of gas? UBS flags 4 risksThe Hong Kong property market’s recovery is forecast to moderate in both prices and rents in the coming months as disruptions brought about by artificial intelligence, slower population inflows and other factors are likely to impact the upturn, according to UBS. The Swiss investment bank said that in addition to AI and slower population growth, the city’s residential market could also be affected by the deepening integration of the Greater Bay Area, as well as incoming supply of new homes in the...South China Morning Post
BUSINESSAug 17Opatra London distances itself from Hong Kong firm over deceptive sales allegationsUK-based beauty chain Opatra London has distanced itself from a Hong Kong distributor accused of using “deceptive sales practices”, even after the local branch said it offered to refund about a quarter of a HK$60,000 (US$7,650) shopping bill on skincare products. The company said on Monday night that it deeply regretted if any customers had a “distressing experience associated with our brand”, and revealed it had initiated an independent review of the local distributor. The move came after local...South China Morning Post
BUSINESSAug 17Hong Kong exchange extends CEO Bonnie Chan’s term for 3 more yearsHong Kong Exchanges and Clearing (HKEX) has extended the tenure of CEO Bonnie Chan Yiting for another three years amid the bourse’s aggressive push to enhance its international competitiveness. The tenure of the 57-year-old Chan, the first woman to serve as CEO of the city’s exchange operator, will be renewed from March 1, 2027, to February 28, 2030, according to an exchange filing on Monday evening. “Bonnie has led HKEX Group with vision, purpose and distinction,” said Carlson Tong, HKEX...South China Morning Post
BUSINESSAug 17Global expats , entrepreneurs tap Hong Kong for solid career prospectsGlobal expatriates and entrepreneurs are reportedly utilizing Hong Kong for strong career prospects. This indicates a positive trend in the region's professional and entrepreneurial opportunities.theuknews.com · United Kingdom
BUSINESSAug 17Hong Kong’s sports sector in 2024 helped generate extra HK$46b in valueHong Kong’s sports sector helped to generate an extra HK$46 billion (US$5.9 billion) in value for the economy in 2024, the year local athletes clinched two gold and two bronze Olympic medals, with a lawmaker calling for targeted policies to build on that success. The Census and Statistics Department on Monday released an analysis of contributions to Hong Kong’s economy by sports and related activities in 2024, including the operation of facilities, manufacturing and retail, tourism and...South China Morning Post
BUSINESSAug 17Hong Kong tourist arrivals up 3% in July as bad weather curbs mainland growthHong Kong recorded about 4.5 million visitor arrivals in July, up 3 per cent from a year earlier, as major international conventions boosted business travel while bad weather weighed on growth from mainland China, according to the Tourism Board. The board said on Monday that a series of major international meetings, incentives, conventions and exhibitions (MICE), including the 108th Lions International Convention and the technology exhibition LEAP East, helped drive an increase in business...South China Morning Post
BUSINESSAug 17Global expats , entrepreneurs tap Hong Kong for solid career prospectsGlobal expatriates and entrepreneurs are reportedly choosing Hong Kong for promising career opportunities. This indicates Hong Kong's continued attractiveness as an international business hub.myanmarnews.net · Myanmar
BUSINESSAug 17Hong Kong airport passenger traffic up 11 . 7 pct in H1 : financial secretaryHong Kong airport reported an 11.7% increase in passenger traffic during the first half of the year, according to the financial secretary.en.people.cn · China
BUSINESSAug 17Hong Kong firm bets on Chinese open-weight models to rival CoreWeaveThe rise of Chinese open-weight models has shaken up the global artificial intelligence (AI) market in recent months. With China’s systems offering high performance at a lower cost, businesses around the world are looking at shifting away from Silicon Valley’s leading providers. Now, a new Hong Kong-based company aims to turn that trend into a billion-dollar business. The “neo-cloud” provider Antimatter is helping firms switch from the dominant US models – and the cloud systems that serve them –...South China Morning Post
BUSINESSAug 16Launch of Northern Metropolis flats attracts strong interest from Hong Kong homebuyersHong Kong homebuyers flocked to the first batch of units at a major residential project in the Northern Metropolis with 44 – or more than half – of the 82 flats made available via regular sale finding buyers as of 7.30pm on Sunday, according to agents. Wheelock Properties’ Park Silicon project in Kwu Tung North also sold eight units via tender worth more than HK$78.43 million (US$9.99 million), the developer said. The units were among the 18 available via tender starting Sunday. The positive...South China Morning Post
BUSINESSAug 16Death knell? Hong Kong’s five-year plan is a starting gunI’m a little perplexed and bemused by the brouhaha surrounding Hong Kong’s decision to draft its first five-year plan, as if the sky is falling in around the city’s famed laissez-faire economy. Predictably, Yale University’s Stephen Roach (he of “Hong Kong is over” fame) warned in a commentary last month that “Chinese-style central planning” could “over-promise and under-deliver”. In a 2024 commentary, he said Hong Kong had been “shackled by the deadweight of autocracy”. But from my vantage...South China Morning Post
BUSINESSAug 16Impact of US trade policy shifts on Hong Kong ‘primarily psychological’: Paul ChanChanges in US trade policy and interest rate trends will significantly affect Hong Kong’s economy but the impact will be “primarily psychological”, the finance chief has said, while expressing optimism for growth momentum to continue into the second half of the year. Financial Secretary Paul Chan Mo-po also revealed that Hong Kong welcomed 31 million visitors in the first seven months of this year, a 12 per cent increase year on year, while passenger throughput at Hong Kong International Airport...South China Morning Post
BUSINESSAug 15Northern Metropolis and AI vital to Hong Kong’s 5-year plan: business chambersHong Kong’s inaugural five-year plan should prioritise the Northern Metropolis megaproject, strengthen the city’s position as an international financial centre and advance its artificial intelligence (AI) strategy, major business chambers have said. In submissions for the city’s first five-year plan, groups including the American Chamber of Commerce in Hong Kong (AmCham) and the Federation of Hong Kong Industries (FHKI) identified the Northern Metropolis as a key economic driver. Their...South China Morning Post
BUSINESSAug 15Hong Kong’s night economy must focus on after-dark vibes, not eventsMore than 86,000 football fans passed through Kai Tak Stadium over two nights recently as Manchester City faced Inter Milan and Chelsea took on Juventus. Supporters filled nearby malls and restaurants, with some merchants reporting foot traffic three to four times higher than usual. For those few hours, Kai Tak offered a glimpse of what Hong Kong’s day-to-night economy could become: international visitors and local residents arriving early and extending the occasion beyond the stadium. The...South China Morning Post
BUSINESSAug 14Investment scam cases in Hong Kong drop 15%, but losses remain high at HK$1.65bHong Kong recorded a 15 per cent drop in investment scam cases in the first half of this year, but losses remained high at HK$1.65 billion (US$210 million), with police warning of fraudsters posing as representatives of legitimate overseas firms to swindle investors. Senior Superintendent Fanny Kung Hing-fun said on Friday that some of these firms of purported overseas origins did not exist at all, or had records of fraudulent activity in other countries. “For some of them, even their purported...South China Morning Post
BUSINESSAug 14Hong Kong raises economic forecast after best half-yearly performance in 5 yearsHong Kong has raised its full-year economic growth forecast for 2026 to a range of 3.5 to 4.5 per cent after expansion of 4.3 per cent in the second quarter, supported by buoyant external trade and resilient domestic demand. Releasing its half-yearly economic report on Friday, the government revised its 2026 growth forecast from the previous range of 2.5 to 3.5 per cent, citing a stronger-than-expected performance in the first half of the year and taking into account the near-term outlook. It...South China Morning Post
BUSINESSAug 14Hong Kong to list first Shanghai free-trade zone bond to defend yuan hub statusHong Kong is set to welcome its first Shanghai free-trade zone offshore bond, using the landmark listing to defend its status as the world’s pre-eminent offshore yuan hub, amid mounting competition from its mainland rival. Hong Kong Exchanges and Clearing announced on Thursday that Shanghai Electric Global Capital – a financing arm of power and industrial equipment manufacturer Shanghai Electric – would list a 1.5 billion yuan (US$222.4 million) green free-trade zone bond on August 20. The...South China Morning Post
BUSINESSAug 14Hong Kong insurers to weather Beijing’s tax shift with 8-10% premium growth: S&PHong Kong’s life insurers could still see annual premium growth of 8 to 10 per cent over the next two years, despite a recent regulatory shift stemming from Beijing’s overseas taxation rules, according to credit-rating agency S&P Global Ratings. Resilient demand for overseas diversification should prevent a lasting downturn, the agency said, in the latest vote of confidence in the city’s thriving insurance and wealth management industries. “We expect a temporary slowdown in sales to mainland...South China Morning Post
BUSINESSAug 14Hong Kong’s university town: where’s the money and what will success look like?Hong Kong is betting big on the Northern Metropolis with a university town as a core engine. In this third of a five-part series on the city’s first five-year blueprint, we look at the talk of the town. Read part two here. Hong Kong is a city that has among the highest concentration of top universities with at least eight making it to global and regional rankings and as excitement builds over a new economic hub, a new buzz phrase has emerged in the sector – ‘university town’. One is set to...South China Morning Post
BUSINESSAug 14Transit giant CRRC sets down marker in Hong Kong as sales pitch to overseas citiesNearly 30 years after the closure of Hong Kong’s iconic Kai Tak Airport, state-owned giant China Railway Rolling Stock Corporation (CRRC) hopes to provide the nearby waterfront area – a narrow stretch of land that juts into Victoria Harbour – with a route to better transit connectivity. Executives from the world-leading railway vehicle manufacturer said the company aims to use the former airport site as a test bed for an autonomous bus system, and a potential runway for overseas expansion. They...South China Morning Post
BUSINESSAug 13Northern Metropolis: Hong Kong seeks interest in land parcels for logistics hubHong Kong authorities have invited interested parties to submit expressions of interest to develop land parcels set aside for a modern logistics cluster under the Northern Metropolis megaproject. The Transport and Logistics Bureau and the Civil Engineering and Development Department said the sites would meet long-term demand, promote the development of modern logistics and reinforce the city’s position as an international hub for the industry. “Through the [expressions of interest], the...South China Morning Post
BUSINESSAug 13Hong Kong’s MTR Corp profit more than doubles to HK$15.87 billion on property gainsNet profit at Hong Kong rail operator the MTR Corporation more than doubled to HK$15.87 billion (US$2 billion) in the first half of 2026, from HK$7.70 billion a year earlier, as strong gains from property development offset largely flat performance in its rail and commercial operations. The partly privatised corporation reported a 120.7 per cent year-on-year increase in property-development profit to HK$12.23 billion, driven mainly by projects at Tai Wai Station and The Southside “Package 5” in...South China Morning Post
← NewerOlder →