Business
China’s robotaxi firms Pony.AI and WeRide sink on Hong Kong debut
SHARES in Chinese self-driving start-ups Pony.AI and WeRide tumbled on their Hong Kong debuts on Thursday, after raising more than US$1.1…
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Kong
Business
EV maker Seres steps out of Huawei’s shadow with Hong Kong listing debut
For years, Seres Group leaned on Chinese technology champion Huawei Technologies to transform an assembler of cheap minivans into the…
Business
Hong Kong arrests 80 in one of its biggest crypto frauds
Hong Kong police said on Wednesday (Nov 5) they have arrested dozens of suspects in connection with one of the city’s largest crypto fraud…
Business
Hong Kong exchange profit jumps 56% on trading, IPO boom
The benchmark index has surged 29% driving stock and derivatives trading to records Hong Kong’s stock exchange reported another record…
Business
WeRide is poised to raise HK$2.39 billion in Hong Kong listing
WeRide is set to raise HK$2.39 billion (S$402 million) from its Hong Kong share sale, according to sources familiar with the matter, as it…
Business
Hong Kong central bank cuts interest rate, tracking Fed move
Hong Kong’s de-facto central bank on Thursday lowered its base interest rate by 25 basis points to 4.25 per cent, tracking a cut by the US…
Business
Uber to plan investments in Hong Kong listings of Pony AI, WeRide
UBER Technologies is planning to invest in the Hong Kong listings of Pony AI and WeRide, according to people familiar with the matter,…
News
Hong Kong runway resumes operations after fatal plane crash
The Hong Kong airport runway involved in a deadly plane crash has restarted operations, authorities said on Tuesday (Oct 28), just over a…
Business
Hong Kong Jockey Club sells US$1 billion portfolio to Canada firm
The entity has multiple exclusive legal betting licenses granted by the government on activities including horse racing and football…
Business
Huawei EV partner Seres seeks HK$13.2 billion in Hong Kong listing
Seres Group started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion (S$2.2 billion), making the…
News
Emirates cargo plane skids off runway into sea at Hong Kong International Airport
A cargo plane has skidded off a runway at Hong Kong International Airport and landed in the sea, killing two persons, local media have…
News
Action Legend John Woo Relives His Hong Kong Days, as Hard-to-See ‘Hard Boiled’ and ‘The Killer’ Get Another Shot With Audiences
We take it for granted today, but John Woo has one of the most recognizable visual styles of any living filmmaker. Back in the mid-1980s,…
News
Hong Kong won’t impose special port fees despite US-China spat
Hong Kong will not start imposing port fees targeting individual countries, despite China and the US charging special levies aimed at one…
Business
Temasek-led consortium makes offer to delist China’s ANE in Hong Kong
The consortium is working with advisers on the take-private proposal, but the negotiations have been challenging [SINGAPORE/HONG KONG] ANE…
Culture
From outdated to unstoppable: The rise of mainland brands in Hong Kong
Unlike flashy newcomers such as Laopu Gold, brands from the city appear traditional and rigid, with dated reputes COMPARED with the…
Business
UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources
The Zurich-based lender is using Deloitte and KPMG to help screen client documentation UBS Group is increasing scrutiny of the sources of…
Fashion
US weighs ban on Hong Kong tycoon Richard Li’s phone firm PCCW as China tensions rise
The move shows the US is widening its national security focus to include Hong Kong firms once seen as neutral The US took steps to block…
Business
Temasek-backed US fintech firm iCapital to expand Singapore, Hong Kong operations
It also plans to open its first office in Australia to ride the wave of rising demand for alternative assets iCapital, a Temasek-backed…
Business
HSBC’s top boss bets US$14 billion on Hong Kong in push for growth
For a bank that has spent much of the last decade shying away from major deals, Elhedery’s approach marks a sea change from his…
Business
Chinese 450 billion yuan optics firm Innolight weighs Hong Kong listing: sources
Zhongji Innolight, a Chinese maker of optical communication modules and devices, is considering a listing in Hong Kong, according to…
Business
Hong Kong stocks retreat from four-year high as investors pocket gains
Hong Kong stocks fell on Friday (Oct 3) as investors locked in gains after the benchmark index hit a new four-year high in the previous…
Business
Budget Chinese carrier Spring Airlines mulls Hong Kong listing: sources
The airline has been more consistent in posting profit than the country’s main state-run carriers Chinese budget carrier Spring Airlines…
Business
Hong Kong funding cost seen sliding on Fed cuts, slow lending
Bank loans as a proportion of deposits have risen since June, but they still remain near the lowest level since 2009 The cost of overnight…
Business
Miniso to spin off Top Toy, list it in Hong Kong
The spinoff and subsequent listing would increase Top Toy’s operational and financial transparency Miniso said on Friday (Sep 26) it will…