https://www.scmp.com/rss/513657/feed The "Greater Bay Area" refers to the Chinese government's scheme to link the cities of Hong Kong, Macau, Guangzhou, Shenzhen, Zhuhai, Foshan, Zhongshan, Dongguan, Huizhou, Jiangmen and Zhaoqing into an integrated economic and business hub. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Andrea Lo Andrea Lo Step away from the high-rise blur of Central and Hong Kong Island life loosens its tie a little. The energy shifts as the city skyline gives way to sea views, hills and even stillness in some places. Perennially coveted, Mid-Levels remains one of Hong Kong’s most prestigious addresses. Elevated both literally and symbolically, it offers some of the city’s most dramatic vistas, as well as urban seclusion. Completed in 2025, The Legacy at 8 Castle Road, developed by Henderson Land, is a notable... https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed https://www.scmp.com/directories/luxe-homes/article/3348347/hong-kongs-luxury-living-evolution-mid-levels-chai-wan?utm_source=rss_feed Tue, 31 Mar 2026 09:00:08 +0000 Mia Nurmamat Mia Nurmamat The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) is lagging behind China’s national average in basic research, despite showing strong potential in sectors such as semiconductors and smart manufacturing, according to Deloitte. The cluster of cities in southern China, which included Shenzhen, spent about 28.9 billion yuan (US$4.2 billion) on basic research in 2024, accounting for just 5.67 per cent of total spending in research and development (R&D), the consulting firm said in a report... https://www.scmp.com/tech/big-tech/article/3347992/greater-bay-area-trails-peers-basic-research-despite-strong-tech-potential-deloitte?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3347992/greater-bay-area-trails-peers-basic-research-despite-strong-tech-potential-deloitte?utm_source=rss_feed Thu, 26 Mar 2026 23:00:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s biggest free-to-air broadcaster swung to a profit of HK$59 million (US$7.5 million) in 2025 from a loss of HK$491 million a year earlier, as threefold growth in revenue from the Greater Bay Area helped shake off a streak of annual losses that began in 2018. Television Broadcasts (TVB) said in a stock exchange filing on Wednesday that 2025 revenue fell 2 per cent from a year earlier to HK$3.19 billion, while it trimmed total costs, excluding depreciation and amortisation, by 4.9 per... https://www.scmp.com/business/article/3347895/hong-kongs-tvb-logs-us75-million-profit-shaking-seven-years-losses?utm_source=rss_feed https://www.scmp.com/business/article/3347895/hong-kongs-tvb-logs-us75-million-profit-shaking-seven-years-losses?utm_source=rss_feed Wed, 25 Mar 2026 13:15:42 +0000 Julie Zhang Julie Zhang Sun Hung Kai Properties (SHKP), Hong Kong’s largest developer by market capitalisation, sold all 350 units released on Sunday in its Sierra Sea project, marking a fifth consecutive sell-out and underscoring returning buyer appetite in the world’s most expensive property market. The batch at phase 2B included 244 two-bedroom and 106 three-bedroom units, with discounted prices ranging from HK$4.6 million (US$590,000) to HK$9.74 million, according to sales documents released on Wednesday. The... https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3341986/hong-kongs-shkp-rolls-out-350-sierra-sea-flats-after-sell-outs-worlds-priciest-market?utm_source=rss_feed Sun, 01 Feb 2026 09:00:12 +0000 Ying Xu,Weishi Zhang Ying Xu,Weishi Zhang The recent opening of the Hong Kong-Shenzhen Innovation and Technology Park in the Hetao cooperation zone is a defining milestone in Hong Kong’s journey to become an international tech hub. Heralded by Chief Executive John Lee Ka-chiu as a pivotal moment for local innovation, this is more than just a new facility; it marks a strategic transformation in Hong Kong’s economic identity. The park is designed as a world-class industry-academia-research platform for collaboration, focusing on... https://www.scmp.com/opinion/hong-kong-opinion/article/3338622/hetao-tech-hub-hong-kong-reimagining-its-economic-future?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3338622/hetao-tech-hub-hong-kong-reimagining-its-economic-future?utm_source=rss_feed Tue, 06 Jan 2026 01:30:12 +0000 Peggy Ye Peggy Ye As the mainland Chinese housing downturn drags on, Hong Kong’s market is showing early signs of stabilising, reshaping buyer sentiment and exposing a widening divergence across southern China’s property landscape. Ming, a 28-year-old financial professional, moved into his new 320 sq ft one-bedroom flat in Yau Tong in May. He bought the unit a year earlier for HK$4.8 million (US$617,000), taking advantage of discounts offered on later batches of new launches. “I was lucky I didn’t buy the first... https://www.scmp.com/property/article/3337433/tale-two-markets-hong-kong-property-prices-stabilise-mainland-slump-drags?utm_source=rss_feed https://www.scmp.com/property/article/3337433/tale-two-markets-hong-kong-property-prices-stabilise-mainland-slump-drags?utm_source=rss_feed Tue, 23 Dec 2025 23:30:08 +0000 Cheryl Arcibal,Peggy Sito Cheryl Arcibal,Peggy Sito On a Sunday morning earlier this month, five friends from Bangkok stepped through the marble lobby of the Studio City Hotel in Macau – the kind of place better known for gaming tables and stage shows than medical check-ups. Instead, they were heading to iRad Hospital, tucked inside the resort complex, for a round of beauty treatments and wellness sessions. The women – Kwaisun Panchasarp, Nantanat Tejavibulya, Buyasakorn De Jesus and two friends – were in town with their families to catch the NBA... https://www.scmp.com/business/article/3330210/playing-health-card-macau-gives-greater-bay-area-glimpse-its-health-hub-future?utm_source=rss_feed https://www.scmp.com/business/article/3330210/playing-health-card-macau-gives-greater-bay-area-glimpse-its-health-hub-future?utm_source=rss_feed Sat, 25 Oct 2025 02:00:13 +0000 Julie Zhang Julie Zhang Hong Kong’s strength as an asset and wealth management hub stems from its role as the gateway to mainland China, according to panellists at a forum on Friday, citing the city’s deep connection to a vast pool of Chinese resources, capital flows and entrepreneurial innovation. “Most of the world’s wealth will originate from mainland China in this century, and Hong Kong will be a key beneficiary, thanks to its unique position as part of the Greater Bay Area and an offshore centre close to the heart... https://www.scmp.com/business/banking-finance/article/3327817/redefining-hong-kong-city-remains-key-beneficiary-chinas-continued-opening-efforts?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3327817/redefining-hong-kong-city-remains-key-beneficiary-chinas-continued-opening-efforts?utm_source=rss_feed Fri, 03 Oct 2025 10:31:49 +0000 Luna Sun Luna Sun A portion of China’s Greater Bay Area has been named the world’s largest innovation cluster, underscoring Beijing’s drive for technological self-reliance at a time of rising geopolitical uncertainties with the United States. The Shenzhen-Hong Kong-Guangzhou technology hub – the heart of the bay area plan – has overtaken Tokyo-Yokohama to become the world’s largest innovation cluster, according to the World Intellectual Property Organisation’s (WIPO) 2025 Global Innovation Index released on... https://www.scmp.com/economy/china-economy/article/3324168/south-chinas-greater-bay-area-boasts-worlds-largest-innovation-cluster?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3324168/south-chinas-greater-bay-area-boasts-worlds-largest-innovation-cluster?utm_source=rss_feed Wed, 03 Sep 2025 07:38:01 +0000 Dong Lei Dong Lei For years, Hong Kong’s policy narrative has leaned heavily into national security. From the national security law to Article 23 legislation, the emphasis on stability and control has reshaped the city’s global identity. But with geopolitical tensions showing signs of stabilising, the moment is ripe for a strategic shift. The next global chapter isn’t just about containment and scarcity, it is also about creation and abundance. The rise of artificial intelligence (AI) and digital platforms means... https://www.scmp.com/opinion/hong-kong-opinion/article/3318435/hong-kongs-future-lies-being-finance-launch-pad-tomorrows-tech?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3318435/hong-kongs-future-lies-being-finance-launch-pad-tomorrows-tech?utm_source=rss_feed Sun, 20 Jul 2025 01:30:09 +0000 Xinmei Shen Xinmei Shen Hong Kong’s status as an international financial centre gives it an edge in artificial intelligence (AI) development in spite of rising geopolitical tensions, according to experts, as the city boosts computing power resources to support companies involved in the vital technology. “For AI companies, having easy access to capital is extremely important,” SenseTime chief financial officer Wang Zheng said in a panel discussion at the South China Morning Post’s China Conference 2025 on Tuesday. “Hong... https://www.scmp.com/tech/tech-trends/article/3317424/hong-kongs-international-financial-centre-role-gives-it-edge-ai-market-experts-say?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3317424/hong-kongs-international-financial-centre-role-gives-it-edge-ai-market-experts-say?utm_source=rss_feed Tue, 08 Jul 2025 12:30:14 +0000 Enoch Yiu,Sam Phillips Enoch Yiu,Sam Phillips Hong Kong’s insurance business may expand by a compounded 55 per cent over the next eight years, driven by the so-called silver economy serving senior citizens and growth in the Greater Bay Area, industry experts said on Tuesday. Gross insurance premium in the city may jump to US$127 billion by 2032 from last year’s US$82 billion, said Steve Finch, Manulife Financial’s Asia president, citing industry forecasts. That growth is enabled by the “depth and sophistication of Hong Kong’s insurance... https://www.scmp.com/business/banking-finance/article/3317416/hong-kong-insurance-market-may-grow-55-2032-greater-bay-area-ages?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3317416/hong-kong-insurance-market-may-grow-55-2032-greater-bay-area-ages?utm_source=rss_feed Tue, 08 Jul 2025 10:59:36 +0000 SCMP Reporter SCMP Reporter The South China Morning Post is kicking off its inaugural Business Awards by SCMP Live to honour the outstanding achievements of corporate executives and companies in the Greater Bay Area. The awards have been reimagined from the DHL-SCMP Business Awards that took a hiatus last year after an uninterrupted 33-year run since 1990. The awards’ rules and format have been refreshed to reflect the changing business landscape and priorities of the 21st century. They also address the changing interests... https://www.scmp.com/business/banking-finance/article/3317123/nominations-open-scmp-lives-new-2025-business-awards-honour-corporate-leadership?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3317123/nominations-open-scmp-lives-new-2025-business-awards-honour-corporate-leadership?utm_source=rss_feed Mon, 07 Jul 2025 00:15:10 +0000 Shi Huang Shi Huang An eminent neurobiologist has left his tenured professorship in the United States to return to China as the director of the Institute of Molecular Physiology at Shenzhen Bay Laboratory. Wang Jing resigned as chair and professor of the department of neurobiology at the University of California San Diego (UCSD) in January to assume the full-time position at the institute in southern China. The role marks a new direction in a career that has drawn on his experience in several disciplines, including... https://www.scmp.com/news/china/science/article/3317129/neurobiologist-wang-jing-returns-us-lead-institute-shenzhen-bay-laboratory?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3317129/neurobiologist-wang-jing-returns-us-lead-institute-shenzhen-bay-laboratory?utm_source=rss_feed Sun, 06 Jul 2025 08:12:02 +0000 Julie Zhang,Aileen Chuang Julie Zhang,Aileen Chuang Investors lapped up the stock of the Chinese condiment maker Foshan Haitian Flavouring and Food during its trading debut on the Hong Kong exchange, after its HK$10.1 billion (US$1.3 billion) listing became the bourse’s second-largest of the year and cemented Hong Kong as the leading global fundraising venue. Trading under code 3288, Haitian’s shares closed 0.6 per cent higher in a declining market, after rising by as much as 4.7 per cent to an intraday high of HK$38, compared with their offer... https://www.scmp.com/business/banking-finance/article/3314988/investors-lap-soy-sauce-maker-haitians-stock-hong-kong-trading-debut-33-gain?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3314988/investors-lap-soy-sauce-maker-haitians-stock-hong-kong-trading-debut-33-gain?utm_source=rss_feed Thu, 19 Jun 2025 01:30:41 +0000 Salina Li Salina Li A Macau conglomerate is targeting Hong Kong’s affluent retirees with a new luxury senior housing project in the Greater Bay Area, capitalising on a shortage of high-end retirement options for the city’s affluent retirees. “There is a lack of high-quality lifestyle retirement [options] in Hong Kong,” said Amber Li, founder of Serensia Woods, a 135,000-square-metre (1.45 million sq ft) retirement community in Zhuhai’s Hengqin district. The community, on an island largely in the Guangdong city... https://www.scmp.com/business/article/3313492/macau-firm-bets-luxury-senior-living-zhuhai-attract-affluent-hong-kong-retirees?utm_source=rss_feed https://www.scmp.com/business/article/3313492/macau-firm-bets-luxury-senior-living-zhuhai-attract-affluent-hong-kong-retirees?utm_source=rss_feed Sun, 08 Jun 2025 01:30:14 +0000 SCMP Editorial SCMP Editorial China’s drive for innovation is going full steam ahead. After Qianhai and Hengqin, Nansha has been named as the third innovation hub in the Greater Bay Area development zone. Hong Kong will play a central role as the trio of tech and finance hubs are expected to form closer ties with the only city in China that is not subject to capital controls. A slew of new measures has been announced to develop Nansha into a pilot zone for high finance and fintech. Along with Qianhai and Hengqin, the plan is... https://www.scmp.com/opinion/comment/article/3311635/nansha-gives-greater-bay-area-tech-innovation-boost?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3311635/nansha-gives-greater-bay-area-tech-innovation-boost?utm_source=rss_feed Fri, 23 May 2025 23:24:26 +0000 Danielle Popov Danielle Popov Three Hong Kong insurance firms unveiled policies this week aimed at helping Hongkongers access medical services across the Greater Bay Area, as companies recognise fresh opportunities in serving the city’s growing “silver” population amid the government’s push for greater integration across the region. BOC Group Life Assurance, FWD Group and Prudential Hong Kong unveiled their plans in separate announcements targeting the population of retirees in the bay area – which comprises Hong Kong, Macau... https://www.scmp.com/business/article/3309800/hong-kong-insurers-extend-greater-bay-area-medical-coverage-cross-border-retirees?utm_source=rss_feed https://www.scmp.com/business/article/3309800/hong-kong-insurers-extend-greater-bay-area-medical-coverage-cross-border-retirees?utm_source=rss_feed Sun, 11 May 2025 05:00:10 +0000 Cheryl Arcibal Cheryl Arcibal The trend of companies offering flexible working arrangements to retain their top talent, far from a pandemic-era fad, is now a permanent fixture of the office property market, according to International Workplace Group (IWG). In addition, global economic uncertainty was shaping office-space demand, driving companies away from being tied to traditional office leases, said Marc Descrozaille, CEO for Middle East, Africa and Asia-Pacific with the Switzerland-headquartered flex-desk service... https://www.scmp.com/business/article/3308080/hong-kongs-largest-flex-office-provider-seeks-deals-vacant-office-landlords?utm_source=rss_feed https://www.scmp.com/business/article/3308080/hong-kongs-largest-flex-office-provider-seeks-deals-vacant-office-landlords?utm_source=rss_feed Sun, 27 Apr 2025 05:30:54 +0000 Vivian Au Vivian Au The escalating US-China trade tensions have prompted more European business chambers to seek collaboration opportunities in Qianhai, a special economic zone in Shenzhen near Hong Kong, according to a mainland-based incubator. Tech firms in Qianhai and Nansha, a district in southern Guangzhou, also said on Wednesday that Hong Kong now played a more crucial role than ever to provide financing support and assist them in exporting products overseas. During a press trip to the Greater Bay Area cities... https://www.scmp.com/news/hong-kong/politics/article/3307654/hong-kong-play-key-role-european-business-collaboration-amid-trade-war?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3307654/hong-kong-play-key-role-european-business-collaboration-amid-trade-war?utm_source=rss_feed Wed, 23 Apr 2025 14:38:53 +0000 Cheryl Arcibal Cheryl Arcibal Touted as one of the world’s most expensive hotels, The 13 Hotel and Casino in Macau has been put up for sale again by its creditors, as a tourism boom looks to lift overall business in the world’s largest gaming hub. Formerly owned by Hong Kong businessman Stephen Hung who appeared on the Netflix show Bling Empire, the 22-storey lodging located in Macau’s southernmost district of Coloane was estimated to be worth HK$2.4 billion (US$309 million) last year when it was first launched for... https://www.scmp.com/business/article/3307143/macaus-most-opulent-lodging-13-hotel-and-casino-sale-again?utm_source=rss_feed https://www.scmp.com/business/article/3307143/macaus-most-opulent-lodging-13-hotel-and-casino-sale-again?utm_source=rss_feed Sun, 20 Apr 2025 01:30:24 +0000 China’s annual legislature and top advisory body sessions wrapped up this week after laying out a clear path for the year ahead, despite tensions stemming from the rivalry with the United States. The top leaders and policymakers set a growth target of around 5 per cent. To achieve this, they sent a strong signal that technology must be leveraged for healthier growth. There also were pledges for a more proactive fiscal policy and support for the private sector. In each of these objectives, Hong... https://www.scmp.com/opinion/comment/article/3302139/opportunities-knock-hong-kong-role-national-development?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3302139/opportunities-knock-hong-kong-role-national-development?utm_source=rss_feed Thu, 13 Mar 2025 00:15:08 +0000 Finding a new home is a stressful task that only becomes more daunting when the hunt extends into other areas and jurisdictions. It is good that Hong Kong’s consumer watchdog has developed a timely solution to ease such headaches for the growing number of buyers and renters exploring the Greater Bay Area. The Consumer Council’s one-stop website consolidates property data from Hong Kong, Macau and nine cities in Guangdong province. The central government’s bay area plan aims to integrate them... https://www.scmp.com/opinion/comment/article/3299218/hong-kong-website-helps-hunt-property-greater-bay-area?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3299218/hong-kong-website-helps-hunt-property-greater-bay-area?utm_source=rss_feed Tue, 18 Feb 2025 22:30:07 +0000 Jiang Chuqin Jiang Chuqin Hong Kong’s consumer watchdog has launched a one-stop website that consolidates property data from 11 Greater Bay Area cities to provide buyers and renters with timely and accurate information, following hundreds of real estate deal complaints. The Consumer Council announced on Wednesday a new guide on its website for residential property in the bay area, an economic zone combining Hong Kong, Macau and nine cities in Guangdong province. The guide outlines steps for purchasing both new and... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3297494/hong-kongs-consumer-watchdog-launches-greater-bay-area-property-portal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3297494/hong-kongs-consumer-watchdog-launches-greater-bay-area-property-portal?utm_source=rss_feed Wed, 05 Feb 2025 11:06:52 +0000 Aileen Chuang Aileen Chuang HSBC Holdings unveiled a 25-storey office tower in Shenzhen’s Qianhai economic zone, presenting it as a cornerstone of the bank’s commitment to the development of the Greater Bay Area. The HyQ tower, in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, is the bank’s first wholly owned building in southern China and involved an investment of more than 4 billion yuan (US$550 million). HSBC bought the building from New World Development in 2021 for 3.2 billion yuan. The... https://www.scmp.com/business/banking-finance/article/3295822/hsbc-unveils-hyq-25-storey-office-tower-qianhai-drive-cross-border-collaboration?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3295822/hsbc-unveils-hyq-25-storey-office-tower-qianhai-drive-cross-border-collaboration?utm_source=rss_feed Wed, 22 Jan 2025 09:30:15 +0000 Enoch Yiu Enoch Yiu Hong Kong and Macau have linked up their bond clearance and settlement systems, creating a larger market for fixed-income financial products that can help companies and local authorities raise capital. The Central Moneymarkets Unit (CMU) under the Hong Kong Monetary Authority (HKMA) and Macau Central Securities Depository and Clearing launched the link on Tuesday for clearing, settling and holding bonds lodged in each other’s systems. On the first day, four new bond issuances in Macau worth 3.2... https://www.scmp.com/business/banking-finance/article/3295592/hong-kong-macau-link-bond-clearance-systems-create-larger-market-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3295592/hong-kong-macau-link-bond-clearance-systems-create-larger-market-fundraising?utm_source=rss_feed Tue, 21 Jan 2025 04:02:42 +0000 Leopold Chen Leopold Chen More foreign property investors in the Greater Bay Area are likely to sell off assets this year amid lingering uncertainties in the real estate market in mainland China. Analysts attributed the expected sales to escalating geopolitical tensions and lower investment yields as the area’s commercial property market is plagued with oversupply. Speculation about China Vanke’s ability to manage its US$4.9 billion onshore and offshore bonds that are maturing or facing redemption this year has also... https://www.scmp.com/business/article/3295259/more-foreign-property-investors-are-likely-sell-their-greater-bay-area-assets-2025?utm_source=rss_feed https://www.scmp.com/business/article/3295259/more-foreign-property-investors-are-likely-sell-their-greater-bay-area-assets-2025?utm_source=rss_feed Sun, 19 Jan 2025 04:00:20 +0000 Peggy Sito Peggy Sito In the second part of our series on Macau’s integrated resort operators, Peggy Sito looks at how Wynn Macau is adopting the playbook of its Las Vegas parent to capture the hearts and wallets of visitors, as it diversifies its earnings beyond the gambling tables. Click here for the first part. Last autumn, Lamborghini’s US$4 million Veneno Roadster was displayed in the lobbies of Wynn Macau’s flagship hotels, attracting large crowds of racing fans, automobile enthusiasts and tourists from... https://www.scmp.com/business/article/3295196/wynn-looks-vegas-remodel-macaus-us28-billion-casino-hub-14-economy?utm_source=rss_feed https://www.scmp.com/business/article/3295196/wynn-looks-vegas-remodel-macaus-us28-billion-casino-hub-14-economy?utm_source=rss_feed Sat, 18 Jan 2025 02:00:12 +0000 Connor Mycroft Connor Mycroft Hong Kong’s finance chief has met with the head of Asean to discuss ways to boost ties with the bloc, as a study showed businesses in the Greater Bay Area increasingly saw the city as a “superconnector” to Southeast Asia. Concluding his three-day trip to Indonesia on Thursday, Financial Secretary Paul Chan Mo-po met with Kao Kim Hourn, the secretary general of the Association of Southeast Nations, to discuss how to strengthen exchanges and cooperation in areas such as commerce, innovation and... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3294072/hong-kong-gains-recognition-superconnector-asean-study?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3294072/hong-kong-gains-recognition-superconnector-asean-study?utm_source=rss_feed Thu, 09 Jan 2025 09:04:19 +0000 Mia Castagnone Mia Castagnone Hong Kong can play a strategic role in supporting Indonesia’s economic growth and encourages the country’s businesses to look to Hong Kong to raise capital and set up treasury centres, Financial Secretary Paul Chan Mo-po said. Companies in Southeast Asia’s most populous nation should find Hong Kong’s capital market an “attractive and advantageous” place for raising funds, due to its unique geographic position near mainland China and the depth of the city’s stock market, Chan said during the... https://www.scmp.com/business/banking-finance/article/3293853/paul-chan-says-hong-kong-advantageous-ipos-overture-indonesian-companies?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3293853/paul-chan-says-hong-kong-advantageous-ipos-overture-indonesian-companies?utm_source=rss_feed Wed, 08 Jan 2025 04:31:43 +0000 Salina Li Salina Li A developer is relaunching several residential units at a high-rise project on Hong Kong Island at prices below the levels set about two years ago, suggesting the city’s property market will need at least six more months to overcome excess supply and halt a three-year slump. Hip Shing Hong (Holdings) is taking orders for 50 units at Oria in Shau Kei Wan after an attempted sale in June 2023. The mid-sized private developer is cutting the prices on 30 of the units by more than 30 per cent,... https://www.scmp.com/business/article/3293202/hong-kong-developer-cuts-prices-shau-kei-wan-project-oversupply-plagues-market?utm_source=rss_feed https://www.scmp.com/business/article/3293202/hong-kong-developer-cuts-prices-shau-kei-wan-project-oversupply-plagues-market?utm_source=rss_feed Fri, 03 Jan 2025 00:30:12 +0000 Hong Kong has made significant strides since the establishment of Cyberport and Hong Kong Science Park decades ago, which have since evolved to become vital incubators for innovative start-ups. Early tenants such as logistics group GogoX (formerly GoGoVan), AI pioneer company SenseTime and blockchain video-gaming firm Animoca Brands have become strong players in their fields. The Global Innovation Index by the World Intellectual Property Organisation (WIPO) ranks Hong Kong fifth in Asia and 18th... https://www.scmp.com/opinion/hong-kong-opinion/article/3291846/weakest-link-hong-kongs-tech-ecosystem-scale-funding?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3291846/weakest-link-hong-kongs-tech-ecosystem-scale-funding?utm_source=rss_feed Tue, 24 Dec 2024 08:30:08 +0000 Cao Li Cao Li The addition of 14 securities firms last week to the scheme that allows investors in Hong Kong and on the mainland to buy wealth-management products across borders did little to raise the programme’s total investments. By Sunday’s end, only 6.28 per cent of the total 150 billion yuan (US$21 billion) quota in the southbound Wealth Management Connect scheme had been used, a negligible increase of 0.08 per cent compared with levels before the additional firms joined. The northbound usage was far... https://www.scmp.com/business/banking-finance/article/3290241/chinese-investors-not-impressed-wealth-management-connect-expansion?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3290241/chinese-investors-not-impressed-wealth-management-connect-expansion?utm_source=rss_feed Wed, 11 Dec 2024 01:41:04 +0000 Coco Feng Coco Feng Amazon.com is inviting select Chinese merchants to join its newly launched “crazy low prices” platform, Haul, as the leading US online shopping platform competes with Temu and Shein to woo budget-conscious consumers. Recruitment is by invitation only for now, but the Chinese vendor community already appears excited about this new channel. A factory owner surnamed Wu, who operates an Amazon store selling nail clippers and other goods, said he has yet to receive an invitation to join Haul and was... https://www.scmp.com/tech/big-tech/article/3287768/amazon-invites-chinese-sellers-new-bargain-marketplace-haul?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3287768/amazon-invites-chinese-sellers-new-bargain-marketplace-haul?utm_source=rss_feed Fri, 22 Nov 2024 10:30:43 +0000 Xinmei Shen Xinmei Shen China’s southern tech hub Shenzhen spent a record amount on research and development (R&D) last year, rivalling Beijing’s level and vastly exceeding that of neighbouring Hong Kong to cement its position as a national research mecca. Shenzhen’s R&D expenditure jumped to 223.66 billion yuan (US$30.93 billion) in 2023, surpassing the 200-billion-yuan mark for the first time and up by nearly 19 per cent from the previous year, according to government data released last week. R&D made up just under... https://www.scmp.com/tech/big-tech/article/3286417/shenzhens-soaring-rd-spending-rivals-beijing-dwarfs-hong-kong-amid-chinas-tech-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3286417/shenzhens-soaring-rd-spending-rivals-beijing-dwarfs-hong-kong-amid-chinas-tech-drive?utm_source=rss_feed Wed, 13 Nov 2024 13:00:12 +0000 Cannix Yau Cannix Yau Hong Kong should deepen collaboration with the Greater Bay Area and assist enterprises from the region to break into international markets, analysts have said following a trade show in Guangzhou that drew 2.26 trillion yuan (HK$2.42 trillion) in investments. The 2024 Global Investment Promotion Conference for the Guangdong-Hong Kong-Macau Greater Bay Area show held last week generated 1,933 deals. Observers said the figures reflected a revival in foreign investor confidence in the bay area... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3286266/hong-kong-urged-deepen-bay-area-ties-help-regions-enterprises-global-expansion?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3286266/hong-kong-urged-deepen-bay-area-ties-help-regions-enterprises-global-expansion?utm_source=rss_feed Tue, 12 Nov 2024 11:35:20 +0000 Ben Jiang Ben Jiang A scramble for artificial intelligence (AI) talent is intensifying in China, as local tech giants dangle eye-watering salaries to hire top-notch professionals to compete in a heated AI race. Beijing-based smartphone giant Xiaomi will be hosting a special hiring session for AI experts in areas spanning AI models, computer vision, deep learning, autonomous driving and natural language processing, as well as other roles, according to a post published to its official WeChat account on Friday. The... https://www.scmp.com/tech/tech-trends/article/3285878/fight-ai-talent-heats-china-tech-employers-boost-pay?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3285878/fight-ai-talent-heats-china-tech-employers-boost-pay?utm_source=rss_feed Mon, 11 Nov 2024 01:00:19 +0000 Haining Gao Haining Gao / https://www.scmp.com/plus/article/3284730/chinas-greater-bay-area?utm_source=rss_feed https://www.scmp.com/plus/article/3284730/chinas-greater-bay-area?utm_source=rss_feed Fri, 01 Nov 2024 04:44:36 +0000 Enoch Yiu Enoch Yiu Hong Kong business magnate Peter Lee Ka-kit believes climate change is the world’s most pressing challenge, and he is determined to keep funding clean energy and electricity start-ups to find sustainable solutions. Lee, 61, is co-chairman and managing director of Henderson Land Development, one of Hong Kong’s leading developers founded by his father Lee Shau-kee, Hong Kong’s second-richest man with an estimated wealth of US$27.8 billion, according to Forbes. Also chairman of gas distributor Hong... https://www.scmp.com/business/companies/article/3282117/hong-kong-property-tycoon-peter-lee-champions-clean-energy-investments-support-charities?utm_source=rss_feed https://www.scmp.com/business/companies/article/3282117/hong-kong-property-tycoon-peter-lee-champions-clean-energy-investments-support-charities?utm_source=rss_feed Mon, 14 Oct 2024 02:00:12 +0000 Iris Deng Iris Deng Apple has opened an applied research laboratory in the southern Chinese tech hub of Shenzhen, as the US giant bolsters it commitment to the world’s largest smartphone market amid heightened competition with domestic players, including Huawei Technologies. The facility started operations on Thursday at the Shenzhen Park in Hetao, a cooperation zone developed under the directive of the central government to deepen the city’s tech partnerships with neighbouring Hong Kong, according to a report by... https://www.scmp.com/tech/big-tech/article/3282013/apple-opens-its-most-extensive-lab-outside-us-china-amid-fierce-rivalry-huawei?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3282013/apple-opens-its-most-extensive-lab-outside-us-china-amid-fierce-rivalry-huawei?utm_source=rss_feed Fri, 11 Oct 2024 09:00:18 +0000 Aileen Chuang Aileen Chuang Banks in Hong Kong are poised to profit from bigger opportunities in wealth management and fintech, as well as in the Greater Bay Area, amid measures that helped the city regain its stature as Asia’s top financial hub. The government has poured resources to attract global family offices and wealthy individuals to set up bases in Hong Kong over the past two years, while also looking to entrench its role as the regional hub for sustainable finance, a top finance official said. These efforts have... https://www.scmp.com/business/banking-finance/article/3280274/banks-set-prosper-hong-kong-regains-top-hub-status-family-office-fintech-push?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3280274/banks-set-prosper-hong-kong-regains-top-hub-status-family-office-fintech-push?utm_source=rss_feed Fri, 27 Sep 2024 10:41:50 +0000 Aileen Chuang Aileen Chuang Midea Group’s shares advanced in their Hong Kong trading debut, as the city’s largest initial public offering (IPO) in more than three years sizzled ahead of a widely expected rate cut from the US Federal Reserve later this week. Using the stock code 0300, shares of the world’s largest maker of home appliances changed hands at HK$59.20 each when Midea Chairman Paul Fang Hongbo struck the ceremonial gong at Hong Kong’s stock exchange to mark the start of trading. The stock ended the day at... https://www.scmp.com/business/banking-finance/article/3278796/midea-shares-rise-hong-kong-trading-debut-citys-largest-ipo-2021-sizzles?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3278796/midea-shares-rise-hong-kong-trading-debut-citys-largest-ipo-2021-sizzles?utm_source=rss_feed Tue, 17 Sep 2024 01:34:52 +0000 Enoch Yiu Enoch Yiu Hengqin, an island near Macau famed for oyster farming, is looking to expand its presence in industries including traditional Chinese medicine, technology and finance, as it seeks to attract investors and residents, according to a senior official. The Guangdong-Macau In-Depth Cooperation Zone in Hengqin, which will turn three years old on Tuesday, will continue to offer low taxes and other policies to support its development, said Su Kun, deputy director of the executive committee of Hengqin... https://www.scmp.com/business/article/3278528/macau-neighbour-hengqin-famed-oysters-has-ambitions-chinese-medicine-technology?utm_source=rss_feed https://www.scmp.com/business/article/3278528/macau-neighbour-hengqin-famed-oysters-has-ambitions-chinese-medicine-technology?utm_source=rss_feed Sun, 15 Sep 2024 02:00:15 +0000 Xinyi Wu Xinyi Wu Hong Kong offers strong regulatory support for foreign companies seeking to establish their operations in the city, some investors said. Its role as a connector between mainland China and the global markets is also burnishing its appeal as a hub for medical technology firms. That is the case for Time Medical, a Hong Kong-based medical imaging company spun off from Columbia University, its chief operating officer Simon Yeung said. The company faced a regulatory approval process as long as five... https://www.scmp.com/business/banking-finance/article/3277978/hong-kongs-regulatory-support-connector-role-appeal-investors-medical-tech-firms-say?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3277978/hong-kongs-regulatory-support-connector-role-appeal-investors-medical-tech-firms-say?utm_source=rss_feed Tue, 10 Sep 2024 23:30:08 +0000 Mark Gong Mark Gong Demand for new homes in the Greater Bay Area rebounded last month after Beijing’s historic measures to rescue the property sector took effect. However, a meaningful recovery in prices will take time amid economic headwinds, property consultancy Cushman & Wakefield said on Tuesday. Total transactions for new houses in the bay area numbered 28,584 in June, nearly 20 per cent more than in May, driven by a boost in demand that followed an unprecedented package of government easing measures. The... https://www.scmp.com/business/china-business/article/3271592/greater-bay-area-home-sales-surged-june-after-property-market-rescue-package?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3271592/greater-bay-area-home-sales-surged-june-after-property-market-rescue-package?utm_source=rss_feed Tue, 23 Jul 2024 23:00:14 +0000 Enoch Yiu Enoch Yiu Noah Holdings, one of China’s largest asset managers, is expanding its Asia-Pacific operations to meet the growing demand from its wealthy Chinese clients who want to invest globally. The move entails boosting its Hong Kong office and opening one in Japan, according to a top executive. The Shanghai-headquartered money manager recently renewed and expanded its Hong Kong office by a third to 30,000 sq feet in Times Square, Causeway Bay, a tourist hotspot. The extra space is needed to accommodate... https://www.scmp.com/business/banking-finance/article/3271186/chinese-money-manager-noah-expands-hong-kong-office-eyes-japan-meet-clients-demand?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3271186/chinese-money-manager-noah-expands-hong-kong-office-eyes-japan-meet-clients-demand?utm_source=rss_feed Mon, 22 Jul 2024 00:30:10 +0000 Cheryl Arcibal Cheryl Arcibal UK-based Hanover has picked Hong Kong to set up its Asia-Pacific headquarters, as the passenger information systems provider plans to use the city to market its LED products in the region. Hanover is one of 19 UK-based companies that have either set up shop or expanded their operations in the city in the first half, according to InvestHK, which is responsible for attracting foreign direct investment (FDI). Overall, 322 firms established their business or boosted their presence in the city in the... https://www.scmp.com/business/article/3271169/led-display-maker-hanover-among-19-uk-firms-set-hong-kong-first-half-investhk?utm_source=rss_feed https://www.scmp.com/business/article/3271169/led-display-maker-hanover-among-19-uk-firms-set-hong-kong-first-half-investhk?utm_source=rss_feed Fri, 19 Jul 2024 11:32:18 +0000 Jiaxing Li Jiaxing Li Ping An Insurance (Group), China’s largest insurer by market capitalisation, is turning to the convertible bond market to raise US$3.5 billion, joining a raft of Chinese companies tapping cheaper funding sources amid high interest rates. The bonds, due in 2029, have a coupon rate of 0.875 per cent per year, and the initial conversion price is HK$43.71 per share on the maturity date, according to a filing on Tuesday. That represents a 21.3 per cent premium over the closing price of HK$36.05 on... https://www.scmp.com/business/markets/article/3270587/chinas-top-insurer-ping-seeks-raise-us35-billion-convertible-bond-sale?utm_source=rss_feed https://www.scmp.com/business/markets/article/3270587/chinas-top-insurer-ping-seeks-raise-us35-billion-convertible-bond-sale?utm_source=rss_feed Tue, 16 Jul 2024 03:50:12 +0000 Enoch Yiu Enoch Yiu Hong Kong’s monetary authority plans to sign an agreement with the Chinese central bank to find ways to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on the mainland. The planned agreement with the People’s Bank of China (PBOC) is expected to discuss ways to make it easier to transfer more money across the border, said Colin Pou Hak-wan, the executive director of the Hong Kong Monetary Authority (HKMA). “At present, one can only remit up to 80,000... https://www.scmp.com/business/article/3268504/hong-kong-enhance-cross-border-transfers-residents-who-work-live-mainland?utm_source=rss_feed https://www.scmp.com/business/article/3268504/hong-kong-enhance-cross-border-transfers-residents-who-work-live-mainland?utm_source=rss_feed Fri, 28 Jun 2024 11:08:13 +0000 Yuke Xie,Aileen Chuang Yuke Xie,Aileen Chuang New World Development (NWD) has made yet another divestment, this time in an office tower in mainland China, as it continues to whittle down its debt. The Hong Kong-listed conglomerate controlled by one of the city’s wealthiest families sold a 30 per cent stake in the North tower of the Shenzhen Qianhai Chow Tai Fook Finance Centre to parent Chow Tai Fook Enterprises for 1.44 billion yuan (US$198.2 million), according to an exchange filing late on Wednesday. The 43-storey grade A office tower,... https://www.scmp.com/business/companies/article/3268172/hong-kong-listed-new-world-sells-qianhai-tower-stake-us198-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3268172/hong-kong-listed-new-world-sells-qianhai-tower-stake-us198-million?utm_source=rss_feed Wed, 26 Jun 2024 22:45:07 +0000