3 d. ago 73% of Hong Kong, Greater Bay Area firms speeding up expansion into Asean: survey

Nearly three-quarters of enterprises from Hong Kong and Greater Bay Area cities will speed up their expansion into the Asean market as a primary strategy to mitigate risks from international trade frictions and shifting global supply chains, according to a survey. The survey and research findings, co-published by the Hong Kong Trade Development Council and Singapore-based United Overseas Bank on Wednesday, also revealed that about 98 per cent of enterprises are planning to keep or expand their...

Politics

4 d. ago Former Hong Kong Apple Daily executive ‘regrets’ not standing up to ex

A former senior executive of the now-defunct Hong Kong newspaper Apple Daily regrets not standing firmly by her journalistic principles against the editorial interference of her ex-boss Jimmy Lai Chee-ying, her lawyer has told a court hearing. Three High Court judges adjourned the sentencing of Lai and eight others until an unspecified date after defence lawyers wrapped up their mitigation arguments at West Kowloon Court on Tuesday. Appeals for leniency were made on behalf of five former senior...

Politics

4 d. ago Chip designer GigaDevice surges 45% in Hong Kong debut amid China’s self

Mainland chip designer GigaDevice Semiconductor jumped more than 45 per cent on its first trading day in Hong Kong on Tuesday, as the Beijing-based firm’s debut catered to investor appetite for tech companies amid China’s push for self-reliance. The firm’s shares started trading at HK$235, versus the offer price of HK$162. Its shares closed between HK$224.20 and HK$226.80 on the grey market on Monday evening, helping some investors cash in gains of about 40 per cent before the official debut,...

Politics

4 d. ago Chip designer GigaDevice jumps 37% in Hong Kong debut amid China’s self

Mainland chip designer GigaDevice Semiconductor jumped more than 37 per cent on its first trading day in Hong Kong on Tuesday, as the Beijing-based firm’s debut catered to investor appetite for tech companies amid China’s push for self-reliance. The firm’s shares surged 45 per cent to HK$235 at the start of trading, versus the offer price of HK$162, before ending the day up 37.5 per cent at HK$222.80. The close valued the company at around HK$155.2 billion (US$19.9 billion). Its Shanghai-listed...

Politics

5 d. ago Chinese semiconductor firm OmniVision jumps 16.2% in Hong Kong trading debut

Chinese semiconductor firm OmniVision jumps 16.2% in Hong Kong trading debut  Reuters

Politics

5 d. ago Financial firm Ares doubles Hong Kong office footprint as real estate outlook improves

Ares Management, one of Asia’s largest alternative investment managers, is doubling its real estate footprint in Hong Kong, a move that aligns with a broader expansion by financial firms and demand for office space in the core Central business district. The Los Angeles-based asset manager would add about 12,500 sq ft of space in Gloucester Tower, where it has been a tenant since 2017, according to a statement from the landlord Hongkong Land on Monday. The new lease will be effective in...

Economics

5 d. ago Chinese semiconductor firm OmniVision climbs 6.7% in Hong Kong trading debut

Chinese semiconductor firm OmniVision climbs 6.7% in Hong Kong trading debut  Reuters

Politics

6 d. ago Hong Kong firm, Saudi partner aim to build 30,000 modular flats a year in Middle East

A Hong Kong-based modular construction leader is expanding into the Middle East, becoming the first such manufacturer from the city to set up a factory in Saudi Arabia, with plans to produce 30,000 prefabricated flats a year as early as 2027 to meet rising demand, the Post has learned. The expansion by AluHouse is being fuelled by large-scale transformation under Saudi Arabia’s Vision 2030, a plan to aggressively modernise the kingdom and diversify its economy beyond oil. Founded in 2014,...

Politics

9 d. ago Mainland Chinese medicine firms tap Hong Kong capital to fuel global expansion

Traditional Chinese medicine (TCM) manufacturers are gearing up to go public in Hong Kong, aiming to tap the market for international expansion. TCM firms have joined the queue for initial public offerings (IPOs) in the city to test foreign investors’ appetite for their shares. The latest to join the queue are Sichuan Neautus Traditional Chinese Medicine and Hong Kong-based Herb Standard. “Hong Kong will serve as our hub for capital, research and development, as well as international...

Politics

1 week ago Hong Kong firms set to return to projects as new scaffolding nets expected soon

Hong Kong contractors will be able to start installing new scaffolding nets to resume renovation works as early as next week after the deadly Tai Po blaze triggered the citywide removal of mesh at around 420 buildings, an industry body has said. The Construction Industry Council planned to procure 50,000 scaffolding nets, costing HK$170 (US$21.80) each, with the first batch of 12,000 expected to be ready on January 15, executive director Albert Cheng Ting-ning said on Wednesday. Cheng said the...

Politics

1 week ago Sanctioned Chen Zhi’s Hong Kong firms rocked by resignations and frozen assets

Recently sanctioned Chinese-Cambodian businessman Chen Zhi has been linked to a network of entities in Hong Kong, with the move triggering regulatory measures and prompting auditors and directors to quit his firms. Company documents reviewed by the Post reveal an interconnected group of firms sharing directors and addresses tied to Chen, luxury real estate and previously appointed international business figures, raising questions about the depth of his operations in Hong Kong and the potential...

Politics

2 w. ago Hong Kong firm sanctioned by US in Venezuela crackdown found to use bogus address

A Hong Kong-based company sanctioned by the United States for alleged links to Venezuelan oil exports registered a fictitious address in the city, the Post has found, leaving a namesake eyewear firm anxious about repercussions. The Trump administration stepped up its pressure campaign against Venezuela’s oil exports earlier this week by sanctioning four companies based in Hong Kong and mainland China, accusing them of ties to the Venezuelan oil sector and evading restrictions. The US Department...

Politics

2 w. ago Chinese AI firm MiniMax, others launch Hong Kong IPOs in year

Chinese AI firm MiniMax, others launch Hong Kong IPOs in year-end rush  Reuters

Economics

2 w. ago Chinese firms make strong Hong Kong debuts, capping bumper listings year

Chinese firms make strong Hong Kong debuts, capping bumper listings year  Reuters

Politics

2 w. ago China vital to Insilico’s plan to build biotech’s AI ‘Einstein’ for drug discovery

Biotech firm Insilico Medicine, backed by the Hong Kong Investment Corporation (HKIC), is building a “digital Einstein” to revolutionise how scientists discover new medicines, and plans to continue expanding its research base in China to stay ahead of global rivals after its Hong Kong listing on Tuesday. “Biotechnology is a high-risk field like a ‘molecular casino’,” said founder Alex Zhavoronkov. “Even with artificial intelligence, you can lose 90 per cent of the time.” The 11-year-old company...

Events

2 w. ago Hong Kong accounting firms plan hiring spree and embrace AI to attract talent

Hong Kong-based accounting firms plan to continue expanding their workforce in 2026, hoping to attract newly minted accountants, even as the industry steps up the adoption of artificial intelligence, according to industry players. “We do not believe AI is a replacement for humans, and we have not seen any reduction in hiring in the past nor do we plan to [reduce hiring] in future,” said Andrew Wong, partner of audit quality and professional practice at KPMG China. “We see AI and our people as...

Economics

3 w. ago Hong Kong firms hoping new southbound travel scheme will drive more business

A new scheme that allows private cars from Guangdong province to enter Hong Kong’s urban areas has brought business opportunities for some, with users of a popular online platform selling courses on how to drive in the city or one-stop application services for mainland Chinese motorists. Local businesses are also offering perks to drivers using the scheme, ranging from parking discounts to accommodation packages. Under the “Southbound Travel for Guangdong Vehicles (Entry into Urban Area)”...

Transport