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The MoU targets refuelling, storage and fuel applications in Hong Kong. The Hong Kong and China Gas Company Limited (TownGas), Sinopec Limited and Sinopec Star Company Limited have signed a memorandum of understanding (MoU) to collaborate on hydrogen and green fuel infrastructure in Hong Kong, including refuelling, storage and transport, according to a press release. Under the memorandum, the three parties will work on hydrogen business development, hydrogen refuelling station construc...
Its Hong Kong debut underscores company’s expanding market dominance. Muyuan Foods Co., Ltd. officially listed on the Main Board of The Stock Exchange of Hong Kong Limited on 6 February 2026, with its initial public offering raising $5.35b (US$685m) from 14 cornerstone investors. The investor group includes Charoen Pokphand Foods, Wilmar International Limited, Sinochem Hong Kong, Hong Kong Henan Agri International, FIL Investment, RBC Global Asset Management (Asia) Limited, and Ping An...
Frequent AI users review outputs with the same or greater care than work produced by humans. Approximately 60% of time saved through artificial intelligence (AI) in Hong Kong is lost to correcting low-quality output, according to Workday research. Whilst 92% of local employees save one to seven hours per week using AI tools, 58% lose one to two hours per week to errors and content rewriting. About 30% of employees receive AI content of sufficient quality that requires minimal rework. F...
The C&SD recorded a mixed performance as restaurant receipts ticks higher in Q4. The Census and Statistics Department (C&SD) released provisional figures for the restaurant sector in the fourth quarter (Q4) of 2025, with the value of total receipts reaching $27.8b, representing a 0.9% year-on-year increase. The value of total purchases by restaurants rose 2.5% to $9.1b during the period, according to a press release. For the full year of 2025, the provisional estimate of total restaura...
Salary gap and digital demand slowed recruitment. Job applications in Hong Kong’s insurance sector rose 36% year on year (YoY), making it one of the most active hiring markets in 2026, even as employers face growing difficulty converting demand into hires, according to the Robert Walters Global Salary Survey 2026. Insurance job vacancies increased 3% YoY in 2025, with insurers stepping up recruitment in digital transformation, compliance, risk and governance, and operations roles, the ...
Investors were largely indifferent between different forms of regulated digital money. Digital money and tokenized assets could significantly expand Hong Kong’s fund industry, potentially doubling its size. According to a joint report by Boston Consulting Group (BCG), Aptos Labs and Hang Seng Bank, global finance is moving away from traditional message-based systems towards token-based infrastructure, in which money and assets are issued and settled directly on blockchain networks. Und...
More than half of Hong Kong firms use AI for revenue, whilst 56% cite cyber risks. Nearly all Hong Kong CEOs expect revenue growth over the next three years, reaching 98% compared with 87% globally, according to PwC’s 29th Global CEO Survey. The survey included 4,454 CEOs across 95 countries and territories. Revenue increases from AI were reported by more than half of Hong Kong CEOs, at 58%, while 17% of local firms achieved both revenue growth and cost reductions, higher than the 12% ...
Shareholders were warned to exercise caution as CK Hutchison enters legal battle over Panama ports. CK Hutchison Holdings said in a voluntary Hong Kong Exchanges and Clearing Limited (HKEX) and the Stock Exchange of Hong Kong (SEHK) filing that its 90%-owned subsidiary, Panama Ports Company, will begin arbitration against Panama. The move follows a ruling by Panama’s Supreme Court of Justice declaring Law No. 5 of 16 January 1997, which authorised PPC’s concession to operate the ports ...
The agency may approve Phase 2 transfers for special circumstances. The Housing Authority (HA) will provide allowances to affected households and businesses during the redevelopment of Sai Wan Estate (SWE) and Phase 1 of Ma Tau Wai Estate (MTWE). Households may receive a Domestic Removal Allowance of $10,350 to $33,050, depending on family size, the press release said. Eligible one- and two-person households may opt for the Alternative Rehousing Allowance, receiving $82,700 and $100,22...
The company received the Digital - E-Commerce and API - E-Commerce awards. DFI Retail Group took home two accolades at the Hong Kong Business Technology Excellence Awards 2025, highlighting its digital transformation and the development of its new Omni-Channel Management System (OMS). Several challenges are present in selling across multiple online platforms. Amongst these are duplicated system integrations that take a period to accomplish, high data maintenance that requires several d...
The report also revealed travel perks influence cardholder behaviour and product recommendations. Hong Kong travellers are increasingly prioritising “passion-driven” itineraries, with 30% travelling for sports and wellness, according to a Collinson International report. The report noted that this trend is influencing the financial services sector, as 74% of cardholders with travel benefits said sports and wellness offerings affected their choice of credit card. It also highlighted that...
Kai Tak and Olympic Avenue projects due for Q3 intake. The Housing Bureau said it has awarded two operation and management contracts for Light Public Housing projects at Olympic Avenue, Kai Tak Phase 2A and Phase 2B, with tender sums of about $200.6m and $159.7m, according to a press release. The contracts were awarded to Creative Property Services Consultants Limited and Pok Oi Hospital Joint Venture, according to the bureau. The projects will provide a total of about 7,750 units, com...
Fitness operators are emerging as strategic, value-adding tenants. Hong Kong’s fitness and wellness sector has entered a new phase of growth, driven by post-pandemic lifestyle shifts and the increasing prioritisation of health across all age groups. What began as a consumer trend has evolved into a structural force reshaping the city’s commercial property market. From boutique gyms to niche sports facilities, wellness operators are influencing leasing strategies and redefining how spac...
Investors shifted focus to properties with sustained rental growth. Hong Kong has returned to the top five preferred cross-border investment destinations in Asia Pacific, securing fifth place after a brief hiatus last year, according to CBRE Hong Kong. The recovery was underpinned by a shift in investor sentiment, with both local and mainland Chinese buyers showing a strengthened appetite for Hong Kong assets. Analysts said that investors were steering away from the defensive strategie...
A330neo and A321neo fleets get advanced cockpit tech, from HUDs to satellite links. Cathay Pacific Airways and HK Express will equip their new Airbus aircraft with Thales avionics systems, according to a press statement from Thales. The plan covers 30 A330neo aircraft for Cathay Pacific and 18 A321neo/A320neo aircraft for HK Express. According to Thales, the aircraft will feature the PureFlyt Flight Management System (FMS), the T3CAS traffic collision alerting system, Low-Range Radio A...
