7 d. ago Shanghai Gold Exchange launches first offshore vault in Hong Kong

The Shanghai Gold Exchange opened its first offshore warehouse in Hong Kong on Thursday, a move that is likely to bolster the international trading of its contracts. The vault witnessed several transactions of spot gold contracts after it became operational, according to a statement from Bank of China (Hong Kong), which runs the warehouse. Analysts said the launch of the vault and two yuan-denominated gold products represented a step forward for Beijing and Hong Kong in their effort to promote...

Politics

7 d. ago Hong Kong to begin independent drug review, approval in late 2026

Hong Kong will start reviewing and approving drugs independently in phases when the city’s regulatory agency begins operation as early as the end of next year, health authorities have announced, as more new medications are expected to hit the city’s market. The Department of Health on Thursday revealed its plan to set up its drug regulatory authority as part of the city’s ambition to become an international hub for health and medical innovation. The Hong Kong Centre for the Medical Products...

Events

7 d. ago Hong Kong to begin independent drug review, approval in 2026

Hong Kong will start reviewing and approving drugs independently in phases next year, while the city’s regulatory agency is set to begin operation by the end of 2026, health authorities have announced, with more new medications expected to hit the local market. The Department of Health on Thursday revealed its plan to set up its drug regulatory authority as part of the city’s ambition to become an international hub for health and medical innovation. The Hong Kong Centre for the Medical Products...

Events

9 d. ago iFlytek unveils medical AI, smart classroom tech in Hong Kong amid global push

Chinese voice recognition giant iFlytek has launched a series of artificial intelligence (AI) products in Hong Kong, where its new international headquarters will support its global expansion, as the firm doubles down on a commitment to home-grown computing infrastructure amid tightened US chip restrictions. iFlytek is making an upgraded international version of its Spark medical large language model (LLM) V2.5 available to organisations in Hong Kong, aiming to assist medical professionals in...

Science

3 w. ago Pay dads to parent? How China could fix birth rate crisis, according to new research

Subsidising men’s participation in household chores and childcare could help reverse declining global birth rates, according to a new study, offering a fresh approach to deepening demographic challenges in countries like China. The study, co-authored by researchers from Fudan University and the University of Hong Kong (HKU), argued that subsidies for fathers produce significantly higher long-term fertility gains than solely subsidising mothers. The findings came as the world’s second-largest...

Events

4 w. ago Robo financial adviser Syfe bolsters Hong Kong expansion after new funding round

Syfe, a Singapore-based robo financial adviser and digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement on Thursday. The latest financing brings the company’s total funding to US$132 million since it was founded in 2019. Syfe...

Politics

4 w. ago Fintech startup Syfe bolsters Hong Kong expansion after new funding round

Syfe, a Singapore-based digital investment platform operator, has raised US$80 million in its Series C funding round, as the company pushes to expand its wealth management product offerings in Hong Kong. This round includes new all-equity financing worth US$53 million at a significantly higher valuation, according to the fintech start-up’s statement on Thursday. The latest financing brings the company’s total funding to US$132 million since it was founded in 2019. Syfe founder and CEO Dhruv...

Politics

4 w. ago Hong Kong producer Raymond Wong to plead not guilty to insider trading

Film producer and actor Raymond Wong Pak-ming planned to plead not guilty to the alleged insider trading offences brought by Hong Kong’s securities watchdog, according to his legal representative. Wong, 79, is being prosecuted by the Securities and Futures Commission for alleged insider trading concerning shares in Transmit Entertainment, a television series production company previously known as Pegasus Entertainment Holdings. The watchdog alleges that the defendant, who was Pegasus...

Politics