Hong Kong will adopt reforms to capitalise on emerging trade corridors while strengthening its financial markets to be the gateway connecting China and the world, according to the city’s treasury and central bank chiefs. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told a conference in Hong Kong on Monday that the city…
HONG KONG, Feb. 13, 2025 /PRNewswire/ — Regal Hotels International is leveraging its extensive hotel network to launch the exclusive “Long-stay Accommodation Programme” for Hospital Authority (HA) staff. In response to the increasing demand for public healthcare services, the HA has been proactively recruiting both locally and non-locally trained healthcare professionals. Recognising the accommodation needs…
Chinese bubble tea maker Mixue Group plans to raise about US$500 million from its Hong Kong initial public offering (IPO) after peer Guming Holdings completed a US$232 million upsized share sale in the city. Mixue, China’s largest freshly made drinks firm, would begin book-building by the end of this month and list on the Hong…
BEIJING (Reuters) – China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion). The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the Hong Kong…
Sarah Tong, co-founder and CEO, Big Bang Academy: For transforming STEM education and inspiring young girls and women to lead in science “Because of what I do, I am in two of the fields where women are still under-represented: in STEM and in entrepreneurship. Globally, women make up over half of all students who have…
Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development as its core business this year and proceed with project launches, amid market rumours that the company is at risk of a default. Residential sales in Hong Kong continue to improve, and the company will…
BEIJING (Reuters) – Chinese battery manufacturer CATL (300750.SZ) said on Thursday it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed. CATL plans to issue offshore H-shares and apply for a listing on the main board of the Hong Kong Stock Exchange, it said in the filing. CATL’s board has…
(Bloomberg) — This year is poised to be the busiest in nearly a decade for takeover deals involving a range of Hong Kong-listed companies, from skin-care brands to warehouse operators. Allied to that has been an uptick in bidding wars as some firms jostle for assets. Most Read from Bloomberg China Mobile Ltd.’s pursuit of…
BEIJING (Reuters) – Loss-making Chinese AI company SenseTime Group said on Tuesday it has completed a major organizational restructuring aimed at ramping up its shift toward generative AI technologies. The Hong Kong-listed company, previously focused on computer vision and surveillance technologies, has accelerated its transformation into generative AI following the industry-wide surge triggered by OpenAI’s…
Hong Kong’s listing reform marks a historic milestone this week as an overseas company becomes the first to list here via a merger with a blank-cheque company. Singapore-based Synagistics, an e-commerce solutions provider, starts trading on the Hong Kong stock exchange under the 2562 stock code on Wednesday after combining its business with Hong Kong…