Hong Kong
Hang Seng Bank’s profits down 30% to HK$6.88b in H1 2025
Hang Seng Bank’s profits down 30% to HK$6.88b in H1 2025
Fees and other income rose 34% during the period.
HKIA issues guidance on intermediary pay for long-term policies
The HKIA expects insurers to ensure intermediaries provide both pre-contract advice.
Mox Bank enters insurance with QBE tie-up in Hong Kong
The first offering is “Personal Accident Cushion,” a general insurance product.
Singapore-based fintech firm Chocolate Finance enters Hong Kong market
The company has also raised $117.7m (US$15m) in a Series A+ funding round.
Sheung Wan sea view tower put up for sale
The building offers approximately 36,516 square feet of gross floor area.
Security law annotations updated
Covers new cases up to January 31 this year.
Hong Kong fortifies future with port and maritime industry focus
Authorities discussed strategies that will fuel the industry amidst the current geopolitical scene.
Hong Kong to implement first stablecoin ordinance on 1 August
Regulation documents published outline participants’ legal liabilities and application requirements.
Enhanced industrialisation funding scheme receives 66 applications
The streamined application process promotes the goal of supporting 130 production lines.
PolyU and Ant Digital Technologies set up joint lab
Investing $100m to jointly develop advanced intelligent services.
Stablecoin ordinance to drive industry growth: KPMG
Reminding stakeholders to balance optimism with risk protection and regulation obligation.
Hong Kong housing market shows signs of stabilization: CBRE
Kwok noted developers are prioritizing capital recovery over pricing power, creating downward pressure on overall residential values.
Hong Kong exports rise 11.9% in June with Asia demand surge
Despite the growth, the city recorded a trade deficit of $58.9b, equivalent to 12.4% of total imports.
Luxury auto facility in Aberdeen listed for $180m
A premium automotive service facility spanning the first to third floors of Sun Ying Industrial Centre in Aberdeen is now up for sale, with an indicative price of $180m, according to its sole agent CBRE.
Towngas and HKSTP to establish hydrogen charging system for EVs
Five hydrogen electric vehicle charging stations will open in Q2 2026.
Contractors suspended from bidding over fatal industrial incident
Safety audit and relevant measures will be carried out by the stakeholders involved.
Commentary
The Claude ban is a crash course in digital resilience — and that’s good for Hong Kong bankers
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