News

Hong Kong to implement first stablecoin ordinance on 1 August

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.

HongkongLand reports $284m profit for H1

On a committed basis, the Singapore vacancy was at 1.2%.

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.

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.

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.

ITF Funding schemes streamlined

Streamlines and consolidations take effect from 1 August 2025.

Four taxi fleets licensed to start operation

Pre-booking is available at around 80 designated taxi fleet sites in 13 locations.

Towngas Lifestyle gets strategic funding to speed up expansion plans

The funding round was led by investment firms Oriza FOFs and FountainVest. 

Standard Chartered HK automates onboarding processes of SMEs

The solution reduces application turnaround time, the bank said.

Hong Kong launches dual-track development pathway for medical talent

Participating doctors will hold positions at the HA and a designated university.