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BUSINESSOct 21Hong Kong’s SHKP sells 128 Sierra Sea flats ahead of possible US rate increaseSun Hung Kai Properties (SHKP), one of Hong Kong’s largest developers, has sold out the latest batch of flats at its Sierra Sea project in the New Territories, where units were offered at discounted prices ahead of a possible US Federal Reserve interest-rate increase by year-end. By 5.40pm on Wednesday, SHKP had found buyers for all 128 flats offered at listed prices in Phase 2C(2) of the development in Shap Sze Heung, between Sai Kung and Ma On Shan, according to agents. Sales began at...South China Morning Post
BUSINESSOct 21Attitudes shifting in Hong Kong’s favour as city reaps Apec benefits: Paul ChanHong Kong has reaped the benefits of the Apec finance ministers’ meeting with foreign political leaders broadly supporting cross-border digital finance development and showing renewed appreciation for the city, Financial Secretary Paul Chan Mo-po has said. Following the conclusion of the two-day milestone meeting on Wednesday, Chan said senior officials and representatives had discussions in a sincere and open manner over macroeconomic, fiscal and financial policy, with the overall feedback from...South China Morning Post
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
POLITICSOct 21Work on Hong Kong’s Peak trail light project suspended amid environmental outcryWork on a controversial lighting project along walking trails on The Peak has been suspended amid mounting complaints that the installations were damaging the environment, the South China Morning Post has learned. The project’s future remains uncertain after residents accused the Tourism Board of removing trees and flowers to make way for the installations, while a lawmaker said a district councillor from the city’s largest political party had not been involved in the initial...South China Morning Post
WORLDOct 21Queen Elizabeth visits Hong Kong for the last time in 1986 – from the SCMP archiveThis article was first published on October 22, 1986. ‘Our thoughts will always be with you’: Queen confident on HK future Hongkong gave Queen Elizabeth a warm and enthusiastic reception yesterday (October 21, 1986) when she arrived for her long-awaited visit. And in return she gave the people a message of confidence in the future. Fresh from her triumphant tour of the mainland, the Queen told a welcoming ceremony in City Hall that the Sino-British agreement over Hongkong’s future had made...South China Morning Post
WORLDOct 21Hong Kong police arrest 4 teenagers over viral back-alley assault videoHong Kong police have arrested four boys on suspicion of inciting another person to become a member of an unlawful society and assault causing bodily harm, after a clip of a back-alley dispute in the early hours on Monday went viral. A police spokesman said on Wednesday that officers arrested four local boys aged 13 to 17 the day before, following an investigation based on a clip of a suspected attack in a back alley in Sai Wan Ho that had circulated online. “All arrestees are under custody for...South China Morning Post
DISASTEROct 21Why is Hong Kong so hot in October and will winter be warmer than usual?Hong Kong’s exceptionally warm October weather is being driven by a combination of a super typhoon, El Nino and global warming, a climate expert has said, warning that higher-than-usual temperatures are likely to persist through the winter. The warning came as autumn temperatures across the city topped 30 degrees Celsius (86 Fahrenheit) over the past few weeks. Professor Amos Tai Pui-kuen, of the earth and environmental sciences department at the Chinese University of Hong Kong, explained on...South China Morning Post
SCI & TECHOct 21Only 3% of Hong Kong firms have fully integrated AI into workflows, survey findsOnly 3 per cent of Hong Kong companies have fully integrated AI into their workflows, with many facing hurdles including resistance to organisational change and outdated digital infrastructure, a survey has found. Consultancy Accenture, which polled 150 companies and released the results on Wednesday, said the survey suggested businesses had a strong desire to adopt artificial intelligence (AI) in their work but many struggled to put it into practice. “Hong Kong really has strong AI ambitions...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
POLITICSOct 20Hong Kong child sex sentences remain far below maximum life, report findsAverage sentences for Hong Kong’s gravest child sex crimes have remained below 10 years over the past three decades, far below the maximum penalty of life imprisonment, prompting a call for a sentencing council to issue clearer judicial guidance. Citing data from 401 publicly available judgments between 1990 and 2025, University of Hong Kong law professor Puja Kapai on Tuesday said her research found six offences – including rape, buggery, and unlawful sexual intercourse – carried average prison...South China Morning Post
WORLDOct 20Hong Kong issues amber travel alert for France as school protests turn violentHong Kong has issued an amber outbound travel alert for France after weeks of protests over school conditions spread across the country, triggering clashes and damage in major cities. The alert – the lowest of three levels in the Security Bureau’s outbound travel alert system – advises residents travelling to France to exercise caution in response to signs of a threat to personal safety. “Due to persistent protests across many places in France, which have resulted in clashes and damage, the...South China Morning Post
SCI & TECHOct 20Hong Kong to focus on infrastructure monitoring in first phase of ‘AI city brain’Hong Kong authorities will focus on incorporating infrastructure monitoring into the first phase of its AI-powered urban management system, while exploring its expansion into public services in later stages. Officials also told a Legislative Council meeting on Tuesday that government arms were encouraged to develop their own databases before connecting them to the “AI city brain”. Undersecretary for Innovation, Technology and Industry Lillian Cheong Man-lei said authorities would prioritise...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
WORLDOct 20Hong Kong villain hitting : inside the ancient flyover ritual | The Queanbeyan AgeAn article from The Queanbeyan Age explores the ancient "villain hitting" ritual performed under a Hong Kong flyover. This offers insight into unique cultural practices.queanbeyanage.com.au · Australia
WORLDOct 20Hong Kong mother spared trial over neglect of chronically underweight daughterA Hong Kong mother accused of neglecting her 12-year-old daughter who had been chronically underweight has been spared trial as the prosecution agreed to place her on a good behaviour bond, with the justice department saying public interest is generally a key factor in such decisions. The South China Morning Post has learned that prosecutors at West Kowloon Court dropped a child abuse charge against the 53-year-old housewife earlier this month in exchange for her agreeing to a three-year...South China Morning Post
SCI & TECHOct 20How smart will Hong Kong’s ‘AI city brain’ be?When Severe Typhoon Dolphin approached eastern China in August, more than 110,000 delivery riders across Hangzhou received automatic alerts and personalised safety guidance on their mobile phones every minute. With a few taps, Hangzhou’s “riders’ code” system navigated them to the nearest shelters, which authorities said had reduced their occupational risks under extreme weather. Behind the tailored and quick support was Hangzhou’s artificial intelligence (AI) urban management system, which had...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
WORLDOct 19Hong Kong police arrest woman after dog allegedly thrown into seaA woman has been arrested on suspicion of animal cruelty after allegedly throwing a dog into the sea in Hong Kong. The woman was reportedly seen throwing a dog from the waterfront near 29 Tai On Street in Sai Wan Ho into the water at around 1pm on Thursday. She then retrieved the animal and left the scene. A passer-by who witnessed the incident alerted police. Following an investigation, officers arrested a 59-year-old local woman on Saturday near the junction of Tai Hong Street and Lei King...South China Morning Post
POLITICSOct 19Apec in Hong Kong: what to know as 500 delegates descend on the cityGlobal attention will turn to Hong Kong this week as about 500 senior officials and delegates from the Asia-Pacific Economic Cooperation’s 21 members gather in the city for the Apec Finance Ministers’ Meeting on Tuesday and Wednesday. It is the first time Hong Kong has hosted the meeting, with Beijing’s support, as mainland China prepares to host the Apec leaders’ summit in Shenzhen next month. Hong Kong joined Apec in 1991 and has continued to take part in the economic forum’s affairs under the...South China Morning Post
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