Hong Kong
Wang On Group unit, ADPF Oregon form JV to purchase a hotel
The JV will purchase the 199-room Hotel Ease Mong Kok.
Tourists out to see K-pop, Mandopop spend more, stay longer
Live events likely drew 840,000 visitors and spurred $3.3b in first-half spending.
Joy City Property proposes $2.93b share buy-back
The company plans to delist after the buy-back.
Double-sided panels could lift Hong Kong’s solar output
Highly reflective, self-cooling paints could further raise energy yields by 30%.
Hong Kong startups miss out on up to $12.6m in grant funding
The estimate is based on responses from 118 startup founders, of whom 84 had not applied for government support.
Hong Kong Express adds Guiyang to flight route
It is the first local airline to operate direct flights to the provincial capital of Guizhou.
Consultancy agreement for cross-border railway awarded
The deal is for the development of a 7.3-kilometre rail connecting Hung Shui Kiu to border.
HKT profit climbs 4% to $2.07b in H1
Revenue grew by 4% to $17.322b.
Shoucheng Holdings buys back 20.65M shares
Confident in short-term valuations due to potential returns in robotics and medical technology.
HSBC’s profits down 30.6% to $11.51b in H1 2025
Revenue declined by 9% to $34.1b during the six-month period.
KN Group expands Hong Kong International Business Headquarters
The strategic enterprise is driving corporate globalisation and economic innovation.
Task group evaluates proposals for third medical school
Expert advisors initiated the next phase of work.
Hang Seng Bank’s credit risks rise, but capital buffers remain strong
Credit losses rose to HK$4.86b in H1 versus HK$1.5b a year earlier.
Economy grows by 3.1% in Q2
On a seasonally adjusted quarter-to-quarter basis, real GDP rose by 0.4%.
Retail sales inch up 0.7% YoY in June
Of the total sales value, online sales accounted for 8.5% at $2.b.
6 in 10 organisations still unfamiliar with carbon neutrality: report
78% of enterprises have not yet established comprehensive carbon neutrality targets.
Read Here
Advertise
Sign Up
Commentary
Why the impact of AI is being underestimated and how it will transform business productivity in Hong Kong
The strategic decarbonisation model for Hong Kong real estate
The survival playbook for the CEO amidst geopolitical conflicts
The succession shift: Redesigning wealth structures for the next generation