37 h. ago Hong Kong set for IPO flurry next week with Sany leading the charge

The Hong Kong stock exchange is poised for a blockbuster day next week, as four stocks – including Sany Heavy Industry, China’s largest construction machinery manufacturer – are set to debut, positioning the city to reclaim its status as the world’s top fundraising venue this year. Among the four stocks launching on October 28, Sany Heavy Industry, already listed in Shanghai, aims to raise the highest amount, targeting up to HK$12.36 billion (US$1.59 billion) by offering 580.42 million shares in...

Politics

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 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

7 d. ago Cancer drug specialist to set up HK$600 million production line in Hong Kong

A Hong Kong company specialised in producing drugs for cancer treatment has been granted financial support from the government to set up its production line in the city’s science park under a scheme to accelerate new industrialisation. Advanced Isotopes Technology Asia announced on Tuesday that it would invest HK$600 million (US$77.12 million) to set up three production lines at Tai Po InnoPark, under the Hong Kong Science and Technology Parks Corporation (HKSTP), with around HK$140 million...

Economics

7 d. ago Fresh thinking as Hong Kong pair turn surplus fruit into smoothies

Two university graduates in Hong Kong are redefining sustainability through a company they set up to turn surplus fruit into healthy and convenient food. The mission of Francis So Ka-hei and Matey Svetlan Yordanov through Food With Benefits (FWB) has earned their venture a place as a finalist in this year’s Spirit of Hong Kong Awards in the sustainability category. Every sachet of FWB’s signature smoothie powder saves around 200 grams of surplus fruit that would otherwise end up in...

Politics

2 w. ago Hong Kong investigates ‘installation issues’ at 3 light public housing projects

Hong Kong authorities have set up an independent team to investigate “installation issues” with prefabricated units at three light public housing sites, warning that they will hold the contractor and related parties accountable. The Architectural Services Department warned on Monday it would take regulatory actions and hold the contractor and related parties accountable for the flawed modular integrated construction (MiC) units found in Siu Lam, Tuen Mun and Chai Wan. In August, the Siu Lam...

Events

2 w. ago Hong Kong set for cheaper, fresher hairy crabs as direct imports resume

Hongkongers will be able to enjoy cheaper, fresher hairy crabs following the resumption of direct imports of the seasonal delicacy from mainland China after six years, with sellers and industry representatives expecting a jump in demand and sales. The Environment and Ecology Bureau said on Saturday that more directly imported hairy crabs were expected to enter Hong Kong soon after the first two batches of 300kg in total had been shipped to Hong Kong from Jiangsu province, home to some of the...

Politics

2 w. ago Hongkongers tour PLA naval ships as trainees sample local delicacies

Scores of Hong Kong residents set off at dawn to visit two PLA naval ships anchored at Stonecutters Island as part of National Day celebrations on Wednesday, while military college students gave a thumbs up to the city’s street food and skyline. Training vessel Qi Jiguang and amphibious assault ship Yimeng Shan are harboured at the island’s naval base and were opened up to residents able to secure one of the 11,000 free tickets the People’s Liberation Army gave out over the weekend. More than 30...

Politics

3 w. ago New Demon Slayer animated film sets record with HK$89 million in Hong Kong

Japan’s manga adaptation Demon Slayer: Kimetsu No Yaiba Infinity Castle has become the highest-grossing animated film in Hong Kong’s history, surpassing Toy Story 3’s record set in 2010, according to a firm that tracks cinema bookings. The movie broke the animated film box office record as of 2pm with accumulated earnings of HK$89.42 million, the Hong Kong Box Office said on Monday. It surpassed Pixar’s Toy Story 3, which raked in HK$89.36 million 15 years ago. Released in Hong Kong on August...

Economics

3 w. ago Hong Kong to get tough on lung cancer with new AI screening tools: minister

Hong Kong is set to deploy artificial intelligence to detect early signs of lung cancer among residents and plans to create a new government office to proactively fast-track approval for innovative treatments from around the globe, the health minister has said. The move signals a major strategic shift by authorities towards new technologies and an aggressive intervention against various forms of cancer, which accounts for one in every four deaths in the city. Secretary for Health Lo Chung-mau...

Politics

3 w. ago Hong Kong to look for early lung cancer signs with new AI screening tools

Hong Kong is set to deploy AI to detect early signs of lung cancer among residents and plans to create a new government office to proactively fast-track approval for innovative treatments from around the globe, the health minister has said. The move signals a major strategic shift by authorities towards new technologies and an aggressive intervention against various forms of cancer, which accounts for one in every four deaths in the city. Secretary for Health Lo Chung-mau also said on Sunday...

Politics

3 w. ago Hong Kong studying financial proposals for city’s third medical school: minister

The three universities in Hong Kong applying to set up the city’s third medical school have “very different” financial proposals, the health minister has said, adding authorities are studying how sustainable these plans are. Secretary for Health Lo Chung-mau also said on Friday that a dedicated task group had already studied the proposals submitted by the three universities, including curriculum as well as staff and student recruitment plans, with capital requirements and financial...

Politics

3 w. ago Hong Kong stocks head for weekly decline on valuation, tariff jitters

Hong Kong stocks headed for the first weekly decline this month as concerns about frothy valuations for global equities dampened sentiment and drug makers slid after the Trump administration announced a fresh round of tariffs. The Hang Seng Index fell 0.9 per cent to 26,238.05 as of 10.04am local time, taking the loss for the week to 1.2 per cent. The Hang Seng Tech Index dropped 0.8 per cent. On the mainland, the CSI 300 Index slid 0.3 per cent and the Shanghai Composite Index retreated 0.4 per...

Politics

3 w. ago Hong Kong stocks cap weekly decline on valuation, tariff jitters

Hong Kong stocks capped the first weekly decline this month as concerns about frothy valuations of global equities unsettled investors and drug makers slid after the Trump administration unveiled a fresh bout of tariffs on the industry. The Hang Seng Index fell 1.4 per cent to 26,128.20 at the close, taking the loss for the week to 1.6 per cent. The Hang Seng Tech Index tumbled 2.9 per cent. On the mainland, the CSI 300 Index slid 1 per cent and the Shanghai Composite Index retreated 0.7 per...

Politics

3 w. ago Hong Kong passes legislation to regulate notorious subdivided flats

Lawmakers have passed legislation regulating Hong Kong’s notorious subdivided flats, with enforcement efforts set to begin in 2027 and landlords able to register their properties from as early as next March. The Legislative Council on Friday morning approved the Basic Housing Units Bill, which requires all subdivided flats to meet new standards for “basic housing units”. These include a minimum size of 86 sq ft, a ceiling height of 2.3 metres (7.5 feet), proper windows and at least one toilet...

Politics

3 w. ago China's Chery Automobile shares set to rise 11.2% in Hong Kong trading debut

China's Chery Automobile shares set to rise 11.2% in Hong Kong trading debut  Yahoo Finance

Politics

3 w. ago Chery, China’s Biggest Car Exporter, Set for Hong Kong Debut

Chery, China’s Biggest Car Exporter, Set for Hong Kong Debut  Bloomberg.com

Politics

4 w. ago Super Typhoon Ragasa: Hong Kong set to issue T9 signal as storm rages

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing now for 50 per cent off during our two-day flash sale. The Hong Kong Observatory issued the No 8 warning signal at 2.20pm on Tuesday as Super Typhoon Ragasa is expected to bring hurricane-force winds with speeds of up to 230km/h (143mph) and thunderstorms. The forecaster says the weather will deteriorate “rapidly” later on Tuesday and that it will consider...

Events

4 w. ago Passengers rush to rearrange flights at Hong Kong airport as Ragasa approaches

Travellers have started preparing for the onslaught of Super Typhoon Ragasa, with some arriving at Hong Kong International Airport up to two days early on Monday to reschedule flights as all local airlines announced cancellations of most departures starting Tuesday evening. At least 700 flights are set to be cancelled by Hong Kong’s four airlines alone, due to Ragasa – a Filipino word meaning rapid or fast action. Hannah Li and Kirill Bordashevich, both in their 20s, were among hundreds of...

Society

last month Ragasa set to intensify into typhoon, bring winds of up to 210km/h to Hong Kong

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. Hong Kong readers now get 50 per cent off their first year of subscription until September 21, 2025. Tropical Storm Ragasa is expected to bring gale force winds reaching 210km/h (130mph) to Hong Kong on Wednesday, exceeding the maximum speeds seen when Super Typhoon Hato hit the city in 2017. The Hong Kong Observatory’s latest update on the approaching storm,...

Politics