Regulators dismissed reports that lenders mulled creating a structure to take on their problem debt. But asset sales by weaker developers will up the strain on smaller banks, and an extended slump …
Storms hit southern China mainland in wake of Typhoon Wipha
Storms drenched southern parts of the Chinese mainland on Monday, triggering warnings of flash floods and landslides, a day after Typhoon Wipha pounded Hong Kong.
Hong Kong a launchpad for mainland innovation, global expansion: InvestHK official
Amid escalating trade tensions and a renewed focus on supply chain resilience, the Hong Kong Special Administrative Region (HKSAR) is leveraging its institutional advantages under the “one country, …
Hong Kong lists first bitcoin ETF in 2025 amid cryptocurrency bull run
The Hong Kong dollar-denominated ETF — which tracks the Bitcoin Reference Rate by Chicago’s CME CF Cryptocurrency Benchmarks — rose 2.3% in its debut.
Alibaba-Backed Chinese AI Startup Files for Hong Kong IPO
MiniMax has confidentially filed for an initial public offering in Hong Kong, according to people familiar with the matter, signaling the onset of a race among China’s generative AI startups to tap …
Chinese AI firm MiniMax targets $4 billion-plus valuation in Hong Kong IPO, sources say
HONG KONG (Reuters) -Chinese AI startup MiniMax has filed confidentially for a Hong Kong initial public offering, targeting a valuation of over $4 billion in the flotation, which could happen before …
MiniMax, the ‘world-class’ AI start-up lauded by Jensen Huang, applies for Hong Kong IPO
MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.
China threatens to squash Panama ports deal unless its shipping giant gets an equal stake: report
The deal hands over more than 40 global ports owned by Hong Kong business magnate Li Ka-Shing to US asset manager BlackRock and Mediterranean Shipping Company.
Sales of villas, luxury homes rise to 3-year high in Hong Kong on demand by wealthy buyers
HK$500 million each were registered in the first half, a jump of 23.3 per cent from the same period last year, Centaline said Sales of villas, bungalows and luxury homes in Hong Kong soared to a three …
Hong Kong property sector could face challenges but ‘risks are manageable’: FSDC chair
There is no need to worry about anything like ‘too big to fail’ because the fact is, the property sector only represents a small portion of Hong Kong’s economy and bank loa …