A 17 per cent surge since its listing last month has propelled CATL’s Hong Kong-traded shares (H shares) to an 11 per cent premium over their mainland-listed counterparts (A shares), a rarity among the 155 dual-listed companies. And the Hong Kong-listed shares of Hengrui, China’s biggest drug maker by market value, are now nearly on…
Hong Kong: Decline in retail sales softens in April Latest reading: Retail sales declined 3.2% in year-on-year terms in April, which followed March’s 4.7% decrease. The figure was the best since February 2024 but still the fourteenth straight month of contraction, with sales continuing to fall across a broad range of subsectors. As a result,…
Last month, Cotton Incorporated gathered more than 255 industry leaders from 124 companies—including more than 41 top global brands—for the “Cotton Connexions: Where Innovation Meets Opportunity” summit in Hong Kong. The event was designed to bring together the global supply chain to discover innovative ideas, recognize industry contributions, and address the challenges and opportunities shaping…
Film producer and actor Raymond Wong Pak-ming plans to plead not guilty to insider trading charges 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…
Hongkongers looking at the morning sky on Thursday may have thought they were witnessing a rare pink aurora – but it was most likely to be light pollution. A large swathe of the sky above Kai Tak Stadium glowed pink in the early hours, but the Observatory said it was not linked to a geomagnetic…
A university in Hong Kong that “opened its doors to Harvard students” has made an offer of admission to one and is handling several transfer applications after the Trump administration last month barred the US Ivy League school from enrolling international candidates, many of whom are from mainland China. At least two other local universities…
Members of 1880 Hong Kong, a Singapore-based private club that recently shut down after only seven months in operation, have been offered a luxury lifeline by landlord Swire Properties. The club told members on Thursday that they would be able to have joining fees waived for The Refinery, a club in Swire’s Taikoo Place that…
Hong Kong authorities have proposed a 50 per cent duty on the operators’ net betting profits from basketball gambling, while a public consultation found that 94 per cent of respondents supported legalising such activities. In a paper submitted to the Legislative Council on Thursday, the government said that the existing calculation and collection methods for…
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…
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…