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Hong Kong is advancing its position as a renminbi hub by developing a long-term offshore yuan yield curve and expanding yuan use in markets and government transactions. Authorities aim to deepen financial ties with mainland China and the Middle East, fostering cross-border investment and liquidity.
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HSBC plans to buy out the remaining shares of Hang Seng Bank for HK$155 per share, delisting it and maintaining its brand. The move aims to streamline operations, address rising bad debts from Hong Kong’s property slump, and reinforce HSBC’s commitment to Hong Kong’s future as a financial hub. The deal is expected to close in mid-2026.
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Hong Kong's stock exchange is experiencing a surge in listings, with over 300 companies in the pipeline, driven by Chinese tech firms expanding globally. Despite geopolitical tensions, the market has seen record fundraising and index gains, positioning HKEX for a strong year ahead.
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Over 23 of Hong Kong's 89 Legco members will not seek re-election, signaling a shift towards more professional and diverse representation. The outgoing lawmakers include veterans and younger members, amid government efforts to enhance governance and public trust ahead of the upcoming election on December 7, 2025.
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A Boeing 747 operated by ACT Airlines from Dubai skidded off Hong Kong's north runway during landing, colliding with a patrol vehicle and plunging into the sea. Two airport workers died, while four crew members were unharmed. Investigations are ongoing, with weather and mechanical factors yet to be determined.
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China's upcoming five-year plan emphasizes technological self-reliance, innovation, and domestic consumption, signaling a shift from previous growth models. The plan aims to boost strategic industries like semiconductors, AI, and green tech, while addressing economic rebalancing and financial system modernization. Market reactions suggest renewed confidence in China's tech sector.
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Hong Kong is set to host a new AIIB office, boosting its role as a regional financial hub. The Asian Infrastructure Investment Bank plans to open its second outside mainland China, leveraging Hong Kong's capital markets for infrastructure funding. Meanwhile, European firms and Middle Eastern investors are increasing their presence in the city.
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China's upcoming five-year plan emphasizes technological self-reliance, innovation, and agricultural modernization amid ongoing geopolitical and economic challenges. The plan aims to boost domestic industries, advance key technologies, and strengthen food security, shaping investment and policy directions through 2030.