A Shenzhen-based tech firm taking part in Hong Kong trade fairs is leveraging the city as a springboard for global expansion, with plans to list locally this year while using its computing power to help enter the North American market. Robert Chan Kwok-cheung, global strategy officer at EngineAI, said on Wednesday the company’s presence in…
Hong Kong’s retail sales jumped by nearly 12 per cent in the first two months of 2026 against a year ago, with authorities pointing to growth in the local economy and a surge in tourists. Provisional figures released by the Census and Statistics Department on Wednesday showed retail sales reached HK$35 billion (US$4.47 billion) in…
Confidence among Hong Kong’s exporters fell at its steepest rate in two years amid global trade turbulence even as demand was expected to remain stable over the long term. The Trade Development Council (TDC) on Tuesday said its Exporters Confidence Index for the first quarter of 2026 showed that traders remained “cautious”, though trade diversification…
Hong Kong’s heavy reliance on hiring workers from mainland China could lead to a “downgrade” of its status as an international hub, experts said, after data showed that 94.5 per cent of successful top talent scheme applicants came from across the border. Industry veterans and a lawmaker on Thursday called for a strategic shift towards…
Hong Kong authorities are facing mounting pressure from lawmakers to roll out more measures to rein in surging fuel prices, including a requirement for firms to disclose pricing formulas when bidding for petrol stations – an idea the environment minister said could be considered. Secretary for Environment and Ecology Tse Chin-wan told the Legislative Council…
Turkey’s largest private bank plans to set up a Hong Kong office, according to sources familiar with the matter, in a move that underscores the city’s role as a gateway for lenders seeking to connect China and Asian markets with the Middle East. Turkiye Is Bankasi’s board approved the Hong Kong expansion plan two months…
Operators of illicit fuel stations can earn as much as HK$10,000 (US$1,280) a day by smuggling untaxed petrol into Hong Kong using vehicles equipped with enlarged tanks and selling it to car club members via coded messages, the South China Morning Post has learned. A source said there had been more cases involving illicit fuel…
Hong Kong will step up efforts to bolster its global standing and strengthen links between mainland China and the West, enabling the city to better serve as a ‘superconnector’ and ‘super value adder’ for the nation amid growing geopolitical complexities, the financial chief has said. Financial Secretary Paul Chan Mo-po wrote in his weekly blog…
Hong Kong authorities will issue weekly announcements about the changes in international and local fuel costs from April, following mounting suspicion that businesses are prematurely raising prices because of the United States-Israeli war on Iran. The move announced on Saturday was welcomed by experts, although some said prices were ultimately out of the government’s hands…
Cosco Shipping Ports, a unit of state-owned giant Cosco Shipping, reported modest earnings growth for 2025, as management expects to expand in emerging markets amid rising geopolitical risks to global trade. Net profit rose 1.1 per cent to US$312.1 million, and revenue increased 11 per cent to US$1.67 billion, according to its 2025 results. Total…