13 h. ago Debt crunch at NWD stokes downside risk in Hong Kong home prices, S&P says

The liquidity crunch at New World Development (NWD), one of Hong Kong’s biggest developers, is a blemish on the resurgent housing market, threatening to shake confidence among homebuyers and trigger a “downside scenario” in home prices, according to S&P Global Ratings. The developer deferred coupon payments on four series of perpetual bonds after months of speculation about its finances, sending a poor signal to creditors about its default risk. It surprised investors last month by not redeeming...

Economics

58 h. ago Tariff war ‘not the end of the world’ for Hong Kong companies: trade council chief

The US-China tariff war is “not the end of the world” for Hong Kong businesses, the new head of the city’s Trade Development Council has said, as he outlined strategies to help them capitalise on geopolitical uncertainties. Chairman Frederick Ma Si-hang, who took office on June 1, also said on Monday the council would explore setting up more offices in new markets and rebranding the Asian Financial Forum to include more industry elements. The council has 51 offices around the world, including...

Events

6 d. ago Chinese app firm Newborn Town sets up in Hong Kong for AI, global push

Hong Kong-listed Chinese app company Newborn Town will open a global headquarters and set up an artificial intelligence (AI) research centre in Hong Kong as a pivotal step in its overseas expansion strategy. “The landing of the global headquarters in Hong Kong marks a new stage in the company’s globalisation strategy and an important milestone of our company’s development,” said chairman Liu Chunhe at an opening ceremony in Hong Kong on Thursday. Newborn Town said it would focus on developing AI...

Politics

2 w. ago German scientist wins Hong Kong’s Shaw Prize for pioneering 3D imaging work

A German molecular biologist has won Hong Kong’s prestigious Shaw Prize this year for his development of a cutting-edge imaging technology that helps scientists understand how viruses attack the human body and come up with new treatments. Professor Wolfgang Baumeister, director emeritus and scientific member of the Max Planck Institute of Biochemistry in Germany, was on Tuesday named one of the winners of the Shaw Prize, dubbed the “Nobel Prize of the East”. Baumeister was awarded the 2025 Shaw...

Politics

2 w. ago Hong Kong developer CK Asset set to weather ‘stress test’ conditions, chairman says

The group is financially healthy and has a war chest to cope with unforeseen events as Hong Kong endures a ‘stress test’, Victor Li says.

Politics

3 w. ago 10 arrested in Hong Kong in bribery case centred on CK Asset development

ICAC alleges that subcontractors offered site supervisors perks in exchange for lax oversight of steel rebar work on Anderson Road project.

Events

3 w. ago 11 government departments, private owners must agree for Hong Kong waterfront development

Mammoth revitalisation of To Kwa Wan into world-class promenade will require major interdepartmental cooperation, officials say.

Politics

3 w. ago Cooperation key for proposed Hong Kong waterfront project, officials say

Mammoth revitalisation of To Kwa Wan into world-class promenade will require major interdepartmental cooperation, officials say.

Politics

3 w. ago ‘Major consensus’ needed for proposed Hong Kong’s ‘Darling Harbour’ project

At least 11 government departments and various bodies as well as private owners will have to agree on waterfront development.

Politics

3 w. ago ‘Major consensus’ needed for proposed Hong Kong ‘Darling Harbour’ project

At least 11 government departments and various bodies as well as private owners will have to agree on waterfront development.

Politics

3 w. ago The "Rejoicing in Woods and Springs: A Journey through Garden Cultures in China and the Wider World" exhibition targets to run in Hong Kong in 2026

[The content of this article has been produced by our advertising partner.] The Hong Kong Jockey Club and Palace Museum have signed a landmark Memorandum of Cooperation titled “Promotion of Chinese Culture and Arts Tech Talent Development in the Mainland and Hong Kong”. The five-year collaboration aligns with the Central Government’s vision as outlined in the National 14th Five-Year Plan, which aims to position Hong Kong as an East-meets-West hub for international cultural exchange. The initiative also aims to nurture arts technology and cultural talent, laying a solid foundation for innovation and creativity in this sector.Key initiatives The Memorandum outlines several key initiatives aimed at achieving its ambitious goals. Among them is the restoration of the historic Chengqiangong at the Palace Museum and the subsequent creation of The Palace Museum Hong Kong Cultural Exchange Hub. This hub will serve as a vibrant platform for cultural interaction, featuring the thematic exhibit...

Events