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Most expect payment terms to remain unchanged despite rising delays. Only 14% of firms in Hong Kong use highly structured, analytics-led approaches to assess customer payment risks, compared with 31% across the Asia Pacific (APAC) region, according to a Coface survey. The report found that most respondents (93%) experienced late payments over the past 12 months, whilst half expect payment conditions to deteriorate over the coming year. Despite this, 60% expect their payment terms to re...
The department store chain is looking for a new site in the area. The Sincere Company Ltd will shut its flagship department store in Hong Kong’s Central district in early December after its lease expired. The tenancy for the store, located at No. 189 Des Voeux Road Central, expires on 31 December 2026, the company said in a bourse filing on 6 October. Sincere said that it failed to reach an agreement with the landlord on the renewal. Sincere plans to establish a new outlet in the Centr...
The intermediaries breached internal controls by helping customers falsely declare who purchased their bank drafts. Hong Kong’s Insurance Authority (IA) has suspended or barred six insurance intermediaries for six to 13 months for breaching anti-money laundering and counter-financing of terrorism controls involving premium payments totalling about $930,000 (HK$7.3m). The individuals breached internal controls imposed by their appointing insurers by helping customers falsely declare tha...
The four projects also cover religious culture and the Seasons of Yuen Long district. The government will roll out four new signature tourism projects starting in the fourth quarter of 2026. The initiatives will cover industrial brands, miniature art, religious culture, and local characteristics, according to Deputy Chief Secretary Cheuk Wing-hing, who leads the working group on the development of tourist hotspots. The second phase of the Hong Kong Industrial Brand Tourism Scheme will ...
It covers firms involved in semiconductors, AI, and electronic equipment. Hang Seng Indexes Company has launched a new index that tracks the performance of Hong Kong-listed companies engaged in hard technology. The Hang Seng SCHK Hard Tech Index covers companies involved in semiconductors, artificial intelligence, electronic equipment, new energy equipment, and other high-end equipment manufacturing. Hang Seng said eligible firms must qualify for Southbound trading under the Stock Conn...
Space availability in Central tightened in Q3 2026, according to CBRE. The Hong Kong office market is set to remain divergent, with rents and vacancies both expected to rise over the next six months, according to CBRE research. CBRE urged tenants in core markets with upcoming lease expiries to negotiate early as landlords raise rents. Tenants in decentralised markets, on the other hand, should use favourable conditions to relocate or upgrade. The firm also advised owners of older core ...
Lack of funding incentives and talent shortages are key barriers to market entry. More than 70% of local businesses have not yet offered products or services tailored to the silver economy, according to a Hong Kong General Chamber of Commerce (HKGCC) survey. A lack of funding incentives was cited as the most common barrier to expanding offerings, identified by 46.2% of respondents. This was followed by internal talent and expertise shortages (29.8%) and high operating costs with unclea...
Eligible employees can transfer accrued benefits to a scheme of their choice. Hong Kong will implement the first phase of Mandatory Provident Fund (MPF) full portability on 21 December, allowing eligible employees to transfer their accrued employer mandatory contributions to a scheme of their choice. The change applies to employees whose current employment began on or after 1 May 2025. They can transfer the entirety of their accrued benefits derived from their employer's mandatory cont...
Imports also climbed during the month.. Total export volume increased by 28.6% year on year (YoY) in August, whilst imports rose by 34.6%, according to the Census and Statistics Department (C&SD). In the first eight months of 2026 (8M 2026), the volumes of total exports and imports of goods increased by 29.1% and 30.0% YoY, respectively. On a seasonally adjusted basis, the volume of total exports of goods rose by 2.1% quarter on quarter, whilst imports fell by 2.1% in the three months ...
Policyholders in Hong Kong and mainland China can access appointment and medical escort services. HSBC Life is expanding its cross-border healthcare services with four new Care+ Premium Lounges in Shanghai, Suzhou, Shenzhen and Macau, giving policyholders access to in-person assistance when seeking medical care outside their usual place of residence. The lounges will launch on 14 October, bringing the insurer’s network to five locations, including its first lounge in Shenzhen, which op...
AI investment platforms and paid online influencers could face closer scrutiny. Banks, cryptocurrency firms, and asset managers in Hong Kong could be forced to suspend virtual-asset (VA) services if they fail to obtain licences before proposed regulations take effect, lawyers said. “Licensed VA custodians will face demanding requirements in relation to matters such as private key management, cybersecurity, and governance,” Emily Rumble, a senior lawyer at Gibson, Dunn & Crutcher LLP, s...
It aims to address disconnection, context loss and high computing costs for complex tasks. The Hong Kong Generative AI Research and Development Centre (HKGAI) released the Application Programming Interface (API) for its HKGAI Agent Workshop to businesses, allowing companies to plug its agents into their own products. According to HKGAI, the platform is built for enterprise-grade deployment, with fixes for mid-process disconnection, context loss and high computing costs for long process...
Both weekly and monthly expiries will go live from the first day of trading. Hong Kong Exchanges and Clearing Limited (HKEX) will introduce 12 new single stock option classes on 9 November, expanding investor choice and providing greater flexibility for trading and risk management. Both weekly and monthly expiries will be available for these new contracts from the first day of trading, HKEX said. HKEX added that single stock options are amongst its fastest-growing derivatives products,...
It plans to turn the prototype into a commercial product in two years. Hong Kong’s AcousPrint Technologies Ltd. is developing a portable ultrasonic tool to pinpoint leaks in ageing water pipes, targeting housing estates, utilities, and other network operators. “Hong Kong's water loss rate is quite high, with about 30% of supply unaccounted for,” Kin Lau, chief technology officer at AcousPrint, told Hong Kong Business. The startup’s prototype detects brief sound patterns produced by lea...
She succeeds Lareina Wang, who completed her two-year term. The FinTech Association of Hong Kong (FTAHK) has appointed Michele Fung, head of Asia Pacific at Unlimit, as its new chair, succeeding Lareina Wang. Fung will lead the association’s board of directors, focusing on regulatory advocacy, industry partnerships, and professional development. “My vision for FTAHK is to ensure we amplify every member’s voice from early-stage startups to global financial institutions, whilst working m...
