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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
BUSINESSAug 13Beijing’s offshore insurance tax tests Hong Kong wealth managementFinancial markets have been gripped by concern in recent days over reports that China was introducing a new tax on returns from offshore insurance policies. The significance of the episode could prove more complex than the initial market reaction suggests. According to a report from Caixin, Chinese tax authorities have sought to collect tax on investment returns generated by offshore insurance policies held by mainland residents, with early enforcement cases reportedly emerging in Beijing and...South China Morning Post
BUSINESSAug 13Hong Kong new frontier : Where Indonesia grows global - EconomyThe article discusses Hong Kong as a new frontier for Indonesia's global economic growth. This focuses on international economic developments and business expansion.thejakartapost.com · Indonesia
BUSINESSAug 13What comes next for Hong Kong as a global financial hub?What will a stronger international financial centre look like for Hong Kong? Doubling down on yuan internationalisation is a key focus, experts say in this second of our five-part series on the city’s first five-year blueprint. Read part one here. With a symbolic press of a button, top officials and securities regulators from Hong Kong and mainland China earlier this month marked a historic moment for the city’s financial markets. The August 3 launch of the first offshore Chinese government...South China Morning Post
BUSINESSAug 13Fubon Bank’s Hong Kong subsidiary opens first mainland China branch in ShenzhenFubon Bank (Hong Kong) has opened its first branch outside its home market, moving into mainland China to tap surging cross-border business opportunities as competition among foreign lenders in the Greater Bay Area intensifies. The branch, located in Shenzhen’s Qianhai financial zone, would initially focus on corporate banking, offering tailored cross-border financing to technology firms and enterprises seeking international expansion, the lender said in an announcement on Tuesday. The move...South China Morning Post
BUSINESSAug 12Hong Kong stablecoin selection expands with Standard Chartered-led venture’s launchA Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets. Retail use of the regulated cryptocurrency was expected “as early as end-2026”, subject to market conditions, said Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, in a statement on Wednesday. A joint venture formed by Standard Chartered,...South China Morning Post
BUSINESSAug 12BTS bump? Hong Kong’s hotels set for bonanza from superstars’ Arirang world tourThe arrival of BTS’s world tour in Hong Kong next year is expected to be a sure-fire hit with the city’s hospitality sector, with hotels likely to see a similar surge in bookings to the one experienced in Seoul earlier this year when the South Korean pop superstars launched their comeback series of concerts, according to analysts. When BTS kicked off their Arirang world tour – their first since completing mandatory military training – in the South Korean capital in April, local hotels recorded a...South China Morning Post
BUSINESSAug 12How Hong Kong can unlock the real value of its Asean trade boomThe Association of Southeast Asian Nations has a role to play in Hong Kong’s plans for its economy. Chief Executive John Lee Ka-chiu signalled as much when he touched on the city’s first five-year plan in his August 7 meeting with Asean Secretary General Kao Kim Hourn. For businesses, however, the central question is not whether Hong Kong-Asean economic ties will continue to grow. They will. The harder question is who will capture the value that growth creates. Asean has been Hong Kong’s...South China Morning Post
BUSINESSAug 11New Hong Kong trade office in Malaysia a bridge to Greater Bay Area: ministerHong Kong has opened a new trade office in Malaysia, with a minister saying the move is part of a strategic push to deepen regional ties and will help position the city as a bridge between the country and the Greater Bay Area. Secretary for Commerce and Economic Development Algernon Yau Ying-wah said on Tuesday that the opening of the Economic and Trade Office (ETO) in Kuala Lumpur would strengthen Hong Kong’s presence in the region. “The establishment of the new [ETO] in Kuala Lumpur is a...South China Morning Post
BUSINESSAug 11Wharf firms up balance sheet as Hong Kong home sales cushion profit slumpHong Kong developer Wharf (Holdings) is increasingly relying on Hong Kong’s luxury-home market to offset weakness in mainland China, while paring investments and building up cash as it navigates an uncertain outlook. Revenue from Wharf’s Hong Kong development properties nearly tripled to HK$1.35 billion (US$172 million) from HK$475 million in the first half, with operating profit rising more than fivefold to HK$166 million, according to its interim results announced on Tuesday. That helped...South China Morning Post
BUSINESSAug 11Shein plans Hong Kong IPO as soon as August 19 - reportShein is reportedly planning an Initial Public Offering (IPO) in Hong Kong as early as August 19. This suggests a significant financial event for the company and the market.Seeking Alpha Tech
BUSINESSAug 11Shein set to take orders for Hong Kong IPO next week, eyeing US$35b valuation: sourcesFast-fashion retailer Shein Global Holdings is planning to take investor orders for its Hong Kong initial public offering (IPO) as soon as next week, aiming for a valuation of US$35 billion, according to people familiar with the matter. The Singapore-headquartered company, which was founded in China, aims to raise as much as US$2.8 billion and began gauging investor demand last week, said sources who asked not to be identified while discussing confidential information. The timing and size of the...South China Morning Post
BUSINESSAug 11Hong Kong index compiler proposes adding 20 more stocks to main technology trackerHang Seng Indexes Company plans to expand the Hang Seng Tech Index (HSTECH) to 50 constituents and introduce “sales growth” as a criterion for selection to strengthen market representation, according to a consultation paper released on Monday. Hong Kong’s major stock index compiler proposed increasing the number of HSTECH constituents from 30 to 50, using a dual-selection framework. The top 40 stocks will be selected by market capitalisation, while the remaining 10 will be picked based on...South China Morning Post
BUSINESSAug 10Hong Kong’s commercial property investment growth beats peer Asia-Pacific marketsHong Kong’s commercial property investment more than doubled to US$3.1 billion in the second quarter, making it the fastest growing investment market in Asia-Pacific thanks to a strong increase in retail and office deals and a low base effect, according to JLL. The 129 per cent growth from a year earlier beat other top-performing markets including Singapore with 108 per cent growth and Australia with an 82 per cent increase, data tracked by the property consultancy showed. “Hong Kong’s robust...South China Morning Post
BUSINESSAug 10Hong Kong, Malaysia set for ‘deeper ties in semiconductor making, other sectors’Hong Kong and Malaysia are poised to deepen economic ties across key sectors, such as semiconductor manufacturing, to unlock mutual growth opportunities, the head of the city’s Trade Development Council (TDC) has said. Council chairman Frederick Ma Si-hang made the comment on Monday as he joined Hong Kong’s biggest delegation to Malaysia to date under the city’s “Think Business, Think Hong Kong” flagship campaign. Speaking to the South China Morning Post, he cited the delegation as a sign of...South China Morning Post
BUSINESSAug 10Uber partners with Hong Kong firm to launch its first premium service outside USUber has partnered with a Hong Kong transport operator to launch its first premium service outside the United States, but local lawmakers have stressed the move is unrelated to the firm’s push for a larger licence quota under a coming regulatory regime. The US-based company partnered with Kwoon Chung Bus to introduce Uber Elite, which offers pre-booked rides in Mercedes-Benz vehicles for up to six passengers, uniformed chauffeurs, airport meet-and-greet services and more, the firms announced on...South China Morning Post
BUSINESSAug 10Hong Kong trophy-home demand runs deep, as Stanley luxury sale tops US$19mA buyer with the same name as the founding chairwoman of a global immigration consultancy has bought a detached house in a luxury residential development in southern Hong Kong for over US$19 million, adding to a string of big-ticket deals as demand for trophy homes remains resilient despite a broader slowdown. Yi Bing signed an agreement for the purchase of House 11 at One Stanley on Wong Ma Kok Road on July 27, according to Land Registry records. The four-bedroom, 3,336 sq ft detached house...South China Morning Post
BUSINESSAug 10Hong Kong hotel sector recovery elusive for unprepared investorsSigns of recovery in Hong Kong’s real estate industry are becoming more apparent, so much so that key indicators in parts of the sector are experiencing some of the fastest growth rates in the Asia-Pacific. In the hotel market, average daily rates, which were declining in annualised terms for most of 2025, grew 9.5 per cent in the first half of this year. This was the third-fastest growth rate among 14 leading markets across the region, according to data from CBRE. Another sign that the recovery...South China Morning Post
BUSINESSAug 10As China tightens its tax rules, can Hong Kong remain a magnet for billionaires?For decades, Hong Kong has been a magnet for the rich. From wealthy Chinese setting up family trusts to millionaires migrating from across Southeast Asia, all of them have been sucked in by the city’s promise of free capital flows, a trustworthy legal system and extensive financial expertise. It is a winning combination that helped Hong Kong leapfrog Switzerland as the world’s biggest cross-border wealth hub last year, as the city rode a wave of blockbuster listings by Chinese technology...South China Morning Post
BUSINESSAug 9Moore Threads plans Hong Kong listing after posting 147% jump in first-half revenueChinese artificial intelligence (AI) chip developer Moore Threads plans to seek a listing in Hong Kong after reporting a 147 per cent jump in first-half revenue, as the Nvidia challenger seeks fresh capital amid booming demand for home-grown computing power. The Shanghai-listed company said on Sunday that its board had approved a plan to issue H shares and list on the main board of the Hong Kong stock exchange, a move designed to deepen the firm’s “international strategic footprint”, attract and...South China Morning Post
BUSINESSAug 9How are Hong Kong restaurants faring 1 month into the dog-friendly scheme?Restaurateur Ken Chu Ka-chun recorded a 20 per cent boost in business at one of his outlets at Kai Tak Sports Park over the past month, thanks to pet owners dining in under a government scheme allowing dogs into nearly 1,000 Hong Kong establishments since July 9. “We saw more dog owners coming in because people frequently walk their dogs around here,” said Chu, owner of Asura group, which has two restaurants with pet-friendly licences. The restaurant has separate seating areas for diners with...South China Morning Post
BUSINESSAug 8Hong Kong employer groups call for helper wage freeze, warn of mass sackingsA coalition of Hong Kong employers has called on the government to freeze the pay of foreign domestic workers this year, warning that any wage increases may result in mass sackings. They also proposed a new pay-for-performance mechanism to allow employers to reward high-performing helpers more than poor performers. Two employers’ groups – the International Domestic Service Industry Development Federation, and the Quadripartite Alliance for Harmonious Employment Practices – led about 30...South China Morning Post
BUSINESSAug 8Hong Kong commerce chief to lead joint local and mainland delegation to MalaysiaHong Kong’s commerce chief is set to lead a delegation of mainland Chinese and local firms to Malaysia next week, noting that about 200 enterprises from across the border have already set up offices in the city since last year, using it as a stepping stone to go global. Secretary for Commerce and Economic Development Algernon Yau Ying-wah also said on Saturday that the city was eyeing emerging markets in Africa, after exploring the Middle East and Central Asia amid geopolitical tensions. Yau...South China Morning Post
BUSINESSAug 7Hong Kong designer sues Prada for US$5 million over abandoned Rolls-Royce projectA Hong Kong-based Belgian designer is taking fashion powerhouse Prada to court, claiming at least US$5 million in damages for the alleged repudiation of a partnership agreement to redesign a series of Rolls-Royce cars for exhibitions and events worldwide. In a High Court lawsuit filed on Thursday, Jonathan Riss accused the Italian brand of breaching various written and verbal agreements to jointly develop a marketing initiative which he said Hong Kong-listed Prada unilaterally abandoned for...South China Morning Post
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