News

Hong Kong to set up cross-boundary data flow mechanism for AI research

It aims to become a hub for Mainland and global data exchange under new safeguards.

Prudential posts 7% rise in H1 2025 profit to $1.4b

Earnings per share rose 12% to 49.3 cents.

Hong Kong reclaims role as alternative private equity hub in 2025: report

Whilst PE-backed IPO activity in mainland China remains historically low, Hong Kong is increasingly serving as a preferred alternative.

Grade A office market logs 189,500 sq. ft. net absorption in July

Overall vacancy rates slightly fell during the period.

JLL named sole agent for sale of ultra-luxury house at 72 Repulse Bay Road

The deadline for submitting the Expression of Interest is 30 September.

ITC opens tech funding scheme

Applications will be open until 13 October 2025.

Gov’t updates 'M' Mark system to boost sports events

Funding for approved events will range from $6m to $15m

China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms

CNCBI has completed the first batch of transactions, it said.

Phoenix Property Investors buys industrial site in Australia for $310.30m

The property was acquired through a joint venture with Centennial.

Prime rents jump 8.6% YoY in Q2

This makes Hong Kong the strongest performer amongst 16 major cities.

K11 Art Mall posts highest-ever traffic and full occupancy

Sales from anime and collectible toy retailers rose by more than 65% YoY.

Cathay Pacific rebounds with 2.49m passengers in July

This marks the airline’s highest monthly passenger total in 2025 to date.

Commercial real estate woes persist for Bank of East Asia

NIM will weigh on profitability but its non-interest income will cushion impact.