衝擊立會案暴動罪成判囚　孫曉嵐畢慧芬不服刑期提上訴

Smaller Hong Kong developers face defaults amid mounting debts, analysts warn

Hong Kong developer Emperor International Holdings’ inability to repay HK$16.6 billion (US$2.1 billion) in loans highlights a growing debt crisis among small and medium-sized developers in the city, prompting analysts to warn of more defaults. “High debt ratios have become a mainstream condition among Hong Kong developers, particularly mid-sized developers” amid dropping valuations, low demand,

1 July 2025

Hong Kong to mark July 1 anniversary with flag-raising ceremony, fly-past

This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing. New users who download our updated app get a seven-day free trial. Hong Kong marks the 28th anniversary of its return to Chinese sovereignty on Tuesday. The day’s events start with a flag-raising ceremony

1 July 2025

Line chart of Indices rebased (Jan 1 2025=100) showing Hang Seng has grown 20% while CSI 300 shows little movement in first half

Hong Kong’s bull market leaves China behind

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Hong Kong’s bull market is leaving China behind, in a sign that a lacklustre economic recovery and trade tensions with the US have weighed on investor sentiment in the mainland. Equities in mainland China are

1 July 2025

New World CEO Echo Huang Shaomei said the successful refinancing was a testament to the confidence placed in the company’s operations. Photo: SOHU

New World secures US$11.3 billion refinancing just before deadline, averts loan default

Hong Kong developer New World Development (NWD) has successfully refinanced HK$88.2 billion (US$11.3 billion) of debt just before the deadline, concluding months of negotiations that pulled the company back from the brink of default. The refinancing package includes multiple tranches of bank loans with varying maturities, with June 30, 2028, being the earliest, the developer

30 June 2025

HK’s status as global financial center enhanced over 28 years

A view of Victoria Harbor, Hong Kong Photo: VCG With the solid support of the motherland and the continuous financial opening-up in the Chinese mainland, the attractiveness of Hong Kong as an international financial hub has continued to rise since the return of Hong Kong to the motherland and the establishment of the Hong Kong

30 June 2025

Medical excellence to Olympic glory: Hong Kong honours outstanding contributions

A former chairman of Hong Kong’s Hospital Authority, a media mogul and a business leader have been awarded the city’s highest honour this year, while Olympic gold medal fencer Vivian Kong Man-wai was also recognised for her sporting achievements. Two Hongkongers who helped save residents from a deadly fire were also among the 427 individuals

30 June 2025

Hong Kong sea patrol officers to use body cameras to help in investigations

Sea patrol officers from Hong Kong’s Marine Department will start using body cameras from Tuesday to help them perform their duties more effectively. Frontline officers of the harbour patrol section across all districts would be fully equipped with the devices to help in investigations, evidence collection and documenting maritime conditions during major events at sea

30 June 2025

The pane is thought to have been knocked out of the window frame by a toppled shelf. Photo: SCMP

Cafe de Coral manager arrested after window pane falls onto Hong Kong street

Hong Kong police have arrested the manager of a major fast-food outlet after a window pane fell from the first floor and landed on a Kwun Tong street, injuring two pedestrians. The pane, measuring two metres by 1.5 metres, detached from the first-floor Cafe de Coral outlet in the Champion Court building on Hong Ning

30 June 2025

衝擊立會案暴動罪成判囚 孫曉嵐畢慧芬不服刑期提上訴

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