Swire Properties, one of Hong Kong’s largest developers, is set to start selling homes in its 850-unit, three-tower project on Hong Kong Island, its largest residential development in 20 years. The company, one of the city’s largest commercial landlords, said it would unveil the price list for the flats, which range from one to three
Hong Kong has taken a significant step in regulating stablecoins for decentralized finance (DeFi) use by enacting the Stablecoins Bill in May 2025, which allows licensed entities to issue fiat-backed stablecoins pegged to the Hong Kong dollar and offshore renminbi (CNH). Oversight of these stablecoins lies with the Hong Kong Monetary Authority, marking a strategic
Market Closed – Hong Kong S.E. 04:08:26 2025-08-20 am EDT 5-day change 1st Jan Change 441.20 HKD +1.71% +0.32% +49.66% Published on 08/20/2025 at 02:38 am EDT Publicnow Pursuant to Chapter 38 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Securities and Futures Commission regulates Hong
Robust growth at home and abroad nearly tripled Laopu Gold’s earnings in the first half of the year, with managers predicting even stronger momentum in the second half. Net profit soared 290.6 per cent from a year earlier to 2.35 billion yuan (US$327 million) in the six months ended June 30, the Beijing-based company said
A couple involved in the Hong Kong government’s water scandal have been arrested again for breaching the Trade Descriptions Ordinance, days after being charged with fraud over the bottle water procurement. The Customs and Excise Department on Wednesday said it arrested a company director, 61, and a 57-year-old female shareholder earlier in the day and
Pop Mart said it would be able to easily double this year’s revenue from its 2024 record sales, as it prepares to launch a mini version of the Labubu plush toy to extend its phenomenal success and conquer more hearts beyond mainland China. The company, founded in 2010 in Beijing, could double its 2025 revenue
In the first half of 2025, Hong Kong Exchanges and Clearing Limited (HKEX) has emerged as a standout performer in the global equity capital markets (ECM), driven by a confluence of strategic innovation, regulatory agility, and a surge in cross-border capital flows. With attributable profits rising 39% year-on-year and revenue hitting HK$6.9 billion in Q2
Hong Kong Exchanges and Clearing (HKEX) set new records for second-quarter and first-half earnings amid a boom in initial public offerings (IPOs) and sizzling stock market turnover, according to a stock exchange filing on Wednesday. Second-quarter net profit for the operator of Asia’s third-largest stock market rose 41 per cent to HK$4.44 billion (US$569 million),
