10 h. ago Hong Kong an aviation hub for Greater Bay Area, beyond: Airport Authority chief

The Hong Kong International Airport (HKIA) is poised to serve as a major infrastructure for the Greater Bay Area (GBA) and markets beyond, as a fresh surge of Chinese companies moves to expand globally over the next decade, according to the head of the city’s Airport Authority. “We mustn’t see the HKIA just as an airport for Hong Kong,” said Fred Lam Tin-fuk, Airport Authority chairman, in a speech at the Standard Chartered Hong Kong Business Summit 2025 on Tuesday. “We very much see it as a...

Politics

34 h. ago Mainland Chinese buyers fuel 25% of Hong Kong home sales last quarter: Centaline

Mainland Chinese homebuyers remain a strong driving force in Hong Kong’s residential property market, spending HK$38 billion (US$4.9 billion) to account for 25 per cent of the city’s total home transactions in the third quarter, according to Centaline Property Agency. Buyers with names in pinyin – the mainland’s system of romanisation of Chinese script – registered 3,797 deals between July and September, up 7 per cent from the previous quarter, Centaline said in a report on Monday. It noted that...

Economics

38 h. ago Hong Kong lawmaker Michael Tien to step down from Legco, Mark Chong to contest

Hong Kong lawmaker Michael Tien Puk-sun has announced that he will not seek another term, becoming the latest veteran to opt out of the Legislative Council election in December. Tien, 75, on Monday said he was ready to step down and pass on the torch, instead of wondering whether to seek re-election again “when I will be 79 or even 83”. He promised to keep contributing to Hong Kong and the country, while continuing to offer guidance on railway policies. Meanwhile, Mark Chong Ho-fung, of the...

Politics

38 h. ago Veteran Hong Kong lawmakers Michael Tien and Tony Tse are to step down from Legco

Hong Kong lawmakers Michael Tien Puk-sun and Tony Tse Wai-chuen have become the latest political veterans to decide against running in the coming Legislative Council election, leaving only two of 12 members aged over 70 still to reveal their plans. The Post has also learned that a traditional valedictory motion set to be moved on Wednesday, marking the end of the legislative term, is likely to be withdrawn. The traditional end-of-term banquet was cancelled last week. Tien, 75, said on Monday...

Politics

41 h. ago Hong Kong stocks surge on trade optimism, China economic growth

Hong Kong stocks rallied on Monday, rebounding from Friday’s steepest loss since April as US-China trade tensions showed signs of easing and China’s economic growth exceeded expectations. The Hang Seng Index jumped 2.4 per cent to 25,853.08 as of 11am. The Hang Seng Tech Index surged 3.1 per cent. On the mainland, the CSI 300 Index rose 1.2 per cent and the Shanghai Composite Index added 0.9 per cent. NetEase jumped 5.2 per cent to HK$235.40, insurance giant AIA Group added 4.3 per cent to HK$72...

Economics

42 h. ago Stronger Hong Kong residential property market whets investor appetite: analysts

Hong Kong’s residential property market is gradually mending investor sentiment, according to analysts, who are nonetheless cautious about a full recovery amid geopolitical tensions and economic uncertainties. Investors accounted for 20 per cent of the market’s total transactions so far in 2025, according to UBS property analyst Mark Leung, who added that some districts with residential projects near universities might have a higher proportion. The average gross rental yield for mass residential...

Economics

43 h. ago Hong Kong exchange sees further growth ahead for record ETF market

Bourse operator Hong Kong Exchanges and Clearing (HKEX) expects its exchange-traded fund (ETF) market to continue growing after hitting record turnover and new listings this year, according to a senior executive. Average daily turnover in ETFs doubled to a record HK$37.8 billion (US$4.8 billion) in the first nine months, as the exchange’s 225 ETFs drew an increasing number of investors from mainland China, Asia, the Middle East and Europe. ETFs are listed index funds that track the performance...

Politics

61 h. ago US business leaders eye Hong Kong as ‘springboard’ to mainland China, Asia

American business leaders are looking to use Hong Kong as a “springboard” for tapping markets in China and Asia despite geopolitical tensions amid a wider reassessment of the mainland’s technological innovation, the city’s finance chief has said. Reflecting on his trip to New York and Washington last week, Financial Secretary Paul Chan Mo-po also said on Sunday that his exchanges would “lay the foundation” for further cooperation with the United States, even as Hong Kong got caught up in the...

Politics

66 h. ago Is it time for property investors to end their love affair with Japan?

As Japan enters a new era with the likely election of Sanae Takaichi as the first female prime minister of Asia’s second-largest economy, is it time for property investors to end their enduring love affair with Japanese real estate? The 64-year-old Takaichi emerged last week as the leader of Japan’s ruling Liberal Democratic Party, paving the way for her to seek the premiership, although uncertainties remain following the collapse of a coalition with the party’s allies. Under an anticipated...

Society

4 d. ago Alibaba, Ant buy Hong Kong offices, in city’s biggest deal since 2021

Alibaba Group Holding and Ant Group have agreed to pay HK$7.2 billion (US$925 million) to buy the top floors of a Causeway Bay office tower that Mandarin Oriental International is building on the site of The Excelsior hotel, marking Hong Kong’s largest real estate transactions since 2021. Alibaba and Ant bought 301,555 sq ft (28,015 square metres) of space, comprising the top 13 floors of the 24-storey building, with parking space for 50 vehicles and signage rights to the tower, according to...

Economics

4 d. ago Hansoh and Leads Biolabs clinch US$2.5 billion in global drug licensing deals

Two Chinese drug developers have signed licensing deals that could yield as much as US$2.5 billion in performance-based payments, underscoring growing international confidence in China’s life sciences sector. Hansoh Pharmaceutical Group has agreed to license global rights – excluding mainland China, Hong Kong, Macau and Taiwan – to develop and market a colon cancer drug candidate to F Hoffmann-La Roche, a unit of Swiss-based biotech giant Roche. Hansoh, a major psychotropic and cancer drugs...

Economics

4 d. ago China stock market crash: Shanghai Composite, Hong Kong benchmark Hang Seng head for worst week. Here are

China stock market crash: Shanghai Composite, Hong Kong benchmark Hang Seng head for worst week. Here are  The Economic Times

Events

4 d. ago Chinese EV maker Li Auto eyes global market with Hong Kong base

Chinese electric-vehicle (EV) maker Li Auto has set up its international headquarters in Hong Kong, paving the way for its overseas expansion amid intensifying competition at home. The Hong Kong operations would serve as a strategic base for the Beijing-based carmaker to “oversee its research and development [R&D], intellectual property management and international supply chain functions”, said InvestHK, the Hong Kong government’s investment promotion arm, in a statement on Thursday. Li Auto,...

Politics

5 d. ago Hong Kong least ready for AI adoption among global markets: survey

Hong Kong is the least ready to fully adopt artificial intelligence in workplaces among 30 global markets, according to a survey by US tech infrastructure and software company Cisco in August and released on Wednesday. Only about 2 per cent of organisations surveyed in the city were considered “pacesetters” – companies that outperformed their peers across a series of measures related to AI adoption. That compared with 13 per cent globally, according to Cisco’s study, which surveyed more than...

Politics

5 d. ago Hong Kong’s tourism recovery to accelerate as Royal Caribbean increases sailings

Royal Caribbean International, the world’s largest cruise company by passenger numbers, will increase its sailings to and from Hong Kong from the current 12 to 16 next season, marking further recovery from the Covid-19 pandemic as the city experienced strong growth in international visitors during the first nine months of this year. In an interview with the Post on Wednesday, Kevin Fung, managing director of the cruise company’s Hong Kong operations, said mega vessel Spectrum of the Seas would...

Politics

5 d. ago Hong Kong rents flirt with record, will keep rising next year: agents

Hong Kong’s residential rental market has improved for eight consecutive months, with rents reaching a record high amid sustained local and overseas demand as analysts predict the gains will continue into 2026. Home rents in the city have increased 2.95 per cent this year, according to Benny Sham, an analyst at Midland Realty. “The rental index stands at a historical high since tracking began, and we expect the figure to increase further, as the drivers for leasing momentum will remain robust,”...

Politics

6 d. ago China Merchants Bank’s Hong Kong unit issues tokens on BNB Chain

A Hong Kong subsidiary of China Merchants Bank has tokenised a US-dollar money market fund on BNB Chain – the blockchain developed by the world’s largest cryptocurrency exchange, Binance – as the city’s real-world asset (RWA) drive continues to attract Chinese financial institutions. CMB International Asset Management Limited partnered with BNB Chain to tokenise its CMB International USD Money Market Fund, issuing two tokens that would be available to accredited investors, the companies said on...

Politics

6 d. ago CMB’s Hong Kong arm tokenises US$3.5 billion money market fund on BNB Chain

A Hong Kong subsidiary of China Merchants Bank has tokenised a US$3.5 billion money market fund on BNB Chain – the blockchain developed by the world’s largest cryptocurrency exchange, Binance – as the city’s real-world asset (RWA) drive continues to attract Chinese financial institutions. CMB International Asset Management Limited partnered with BNB Chain to tokenise its CMB International USD Money Market Fund, issuing two tokens that would be available to accredited investors, the companies...

Economics

8 d. ago Gold Garden Cafe to shut 1 of 2 branches in Hong Kong amid tough market

Gold Garden Cafe, a cha chaan teng known for its egg tarts, will close one of its two branches and lay off some staff as Hong Kong’s food and beverage sector continues to face difficult market conditions. Davis Ng Kwai-ting, the owner of the Hong Kong-style cafe, said that while the decision was mainly spurred by the departure of some kitchen staff, the poor economy and the desire to focus his efforts on the main branch were also reasons behind the closure. Tucked in a residential district,...

Politics

8 d. ago China stocks rally to stay on course amid new Trump tariffs threat: Soochow

This year’s intense rally in Chinese stocks will not change course in spite of concerns about a revived trade war between the world’s two largest economies, according to Soochow Securities. The foundation of this round of the global bull market is a weakening US dollar, said Chen Li, CEO and chief global economist at Soochow Securities (Hong Kong), on the sidelines of the firm’s third capital market strategy meeting in Hong Kong on Monday. Chen’s assessment comes as Chinese stocks slumped on...

Politics