News

Hong Kong slips to third in global FDI rankings in 2025

UNCTAD says foreign investment inflows fell to $913.2b.

Reconova to boost global sales channels with IPO proceeds

Firm will expand vision intelligence products into three overseas regions using listing proceeds.

Hang Seng Bank unveils Prestige Club programme

Members get privileges and discounts in Hainan Airlines, China Mobile, amongst others.

Mox Bank launches annual travel cover for unlimited trips

Customers can purchase policies, manage coverage and file claims through the mobile app.

Wah Kwong NatPower, CKS to advance Hong Kong water transport electrification

The partnership will explore electric vessels, charging networks, and battery-swap systems.

Hong Kong holds 4th spot in global shipping centre index

The city remained amongst the world’s top five maritime hubs as Shanghai overtook London for second place.

Kwai Chung building up for sale with 120,000 sq. ft. GFA

It will be sold in its existing condition and may contain incomplete works.

Hang Seng Bank joins Alipay+ network

Customers can make QR payments at over 100 million merchants through one mobile app.

HSBC pilots digital structured product issuance in Hong Kong

Pilot transaction tests faster issuance, settlement, and servicing for institutional investors.

Hong Kong sets 2028 start, 2033 opening for Pak Shek Kok Station

Detailed planning and design for the station will proceed.

AI forecasting seen lifting taxi earnings 20%

The DASH-HKUST system points drivers to demand hotspots, lifting trips and cutting idle time.

Hong Kong consumers stay cautious despite stronger cash flow

Fewer consumers expect payment difficulties, but recession and inflation concerns continue to weigh on spending.

SMEs hit by triple business squeeze

Survey shows outbound spending and higher expenses continue to pressure earnings.

Hong Kong shoppers resist AI payments despite 74% adoption

Nearly one in two shoppers remain hesitant to let AI complete purchases after approval.

Investors can now pay stamp duty in RMB

It is expected to increase the RMB counter’s turnover and liquidity.