Hong Kong Securities Regulator Unveils First Commercial Paper for Tokenized Securities

Rush hour commuter ferries to be suspended Thursday

Nine outlying island ferry service routes will be suspended during Thursday’s rush hour to allow for the arrival of China’s Shandong aircraft carrier. A Hong Kong Kowloon Ferry company ferry. File photo: Tom Grundy/HKFP. Ferries will be suspended from around 7.20am to 9.50am on Thursday, and again next Monday from around 10am until noon, as

1 July 2025

10% year-on-year sales boost expected for Hong Kong eateries on handover holiday

Hong Kong’s restaurant industry is anticipating a 10 per cent boost in business on Tuesday compared to last year, with an industry leader noting that the increased number of over 3,800 eateries offering discounts to celebrate the city’s handover to Beijing will spur local consumption and help ease the sector’s woes. Simon Wong Ka-wo, president

1 July 2025

Rolex, Cartier and Patek Philippe watches stolen in HK$2.1 million Hong Kong burglary

Hong Kong police are investigating a burglary where luxury goods and cash worth about HK$2.14 million in total, including 10 Rolex, Cartier and Patek Philippe watches, were stolen from a flat in Tuen Mun. Police said that they received a report at around 1.30am on Tuesday from a man, 28, who discovered the living room

1 July 2025

Certain ferry services in Hong Kong to be suspended during Chinese naval fleet visit

Hongkongers will have to make changes to their transport plans during the visit of a naval fleet led by the Chinese aircraft carrier Shandong from Thursday as certain ferry services will be temporarily suspended, with authorities also implementing restrictions in some flying zones. The Transport Department on Monday evening announced the adjustments, with nine outlying

1 July 2025

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

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