Beijing’s move to simplify the process for approving oral proprietary Chinese medicine (PCM) from Hong Kong to be sold across the border has created new opportunities for firms in the city to exploit the mainland’s 450 billion yuan (US$62.8 billion) market, according to Hong Kong’s trade promotion body. The streamlined procedures have opened a more…
Thirty-six biotechnology, pharmaceutical and medical device companies sought a capital raise on the Hong Kong Stock Exchange (HKEX) in the first half (H1) of 2025, a review by BioWorld found. Of those, 34 companies were from mainland China. In June alone, 12 Chinese biotechnology, pharmaceutical and med-tech companies filed for a Hong Kong IPO including…
As the global markets continue to navigate economic fluctuations, Asia’s stock exchanges are capturing attention with their diverse opportunities. Penny stocks, a term often associated with smaller or newer companies, remain relevant by offering potential growth at lower price points. When these stocks are supported by robust financial health and solid fundamentals, they can present…
Hong Kong will build more subsidised homes in its new I&T hub near the border with mainland China to cater to the increasing needs of middle-class families and align with the city’s strategy to attract top talent, the housing minister has said. Secretary for Housing Winnie Ho Wing-yin also outlined her plans to make public…
By Antoni Slodkowski, Casey Hall and Scott Murdoch BEIJING/SHANGHAI/SYDNEY (Reuters) -Fears that employees of foreign firms risk entanglement with Chinese authorities have resurfaced after news that an employee of U.S. bank Wells Fargo has been banned from leaving the country. Business groups, diplomats and overseas executives say the incident is part of a long-term trend…
Hong Kong strengthened its position as a leading global wealth management hub after investors committed major capital to the city last year, lifting assets under management to HK$35.14 trillion (US$4.5 trillion), just shy of an all-time high, before stocks and other instruments delivered hefty gains. Assets under management in the city grew almost HK$4 trillion…
A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, saying legal proceedings have been terminated. The casino company made the statement on Wednesday, a day after the media reported that its subsidiary, MGM Grand Paradise, had issued a writ against Heung. The actor…
Hong Kong is set to welcome a new top US diplomat as early as the end of this summer, according to the country’s acting consul general in the city, who also indicated Washington’s keen interest in increasing engagement with the local administration. David Schlaefer also confirmed on Tuesday that there was only one candidate for…
Mainland Chinese middlemen are offering Hongkongers driving lessons and tests at nearly half the price of city rates and showing them how to convert permits into local licences, a practice that authorities have deemed illegal. Checks by the Post on popular mainland social media platform RedNote have found that a driving school in Shenzhen is…
A 15-year-old boy and two others have been remanded in custody for allegedly conspiring to seek Hong Kong’s independence through a Taiwan-based political organisation in breach of the national security law. National security police on Friday levelled a charge of conspiring to commit secession under the Beijing-imposed law, a day after announcing their arrests and…