mainland China

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How The Peninsula Hong Kong is trying to stay competitive against Shenzhen rivals

The Peninsula Hong Kong is focusing on luxury retail, fine dining and high-end services to attract both local and international…

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Southeast Asian ‘smart money’ fishing for ‘trophy assets’ among Hong Kong’s luxury homes

Mainland Chinese buyers and “smart money” from Southeast Asia will continue “bottom-fishing for trophy assets” in Hong Kong’s luxury property…

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New Business

China unveils cruise missile, Kim Keon hee’s fall from grace: SCMP’s 7 highlights

We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond…

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CK Asset’s first-half profit falls 26% amid Hong Kong property market challenges

CK Asset Holdings, one of the flagship companies owned by billionaire Li Ka-shing’s family, reported weaker-than-expected first-half profit amid a…

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Wharf posts first-half profit as Hong Kong luxury property market offsets mainland woes

Hong Kong developer Wharf (Holdings) swung to a profit in the first half, supported by lower borrowing costs and a…

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US leads second-quarter Asia-Pacific real estate deals with assets worth US$5 billion

US investment in Asia-Pacific real estate jumped 31 per cent year on year in the second quarter, as investors chased…

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Hang Lung earnings drop 14% as developer flags risks from tariff war, interest rates

Hong Kong developer Hang Lung Properties expects the city’s retail sector to remain sluggish this year amid a prolonged industry…

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Vanuatu looks to Hong Kong to support digital finance plans, economic transformation

Vanuatu is seeking closer ties with Hong Kong to support its ambitions in digital finance and economic diversification as the…

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Hong Kong firms eye proprietary Chinese medicine opportunities on the mainland: HKTDC

Beijing’s move to simplify the process for approving oral proprietary Chinese medicine (PCM) from Hong Kong to be sold across…

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New Business

Hong Kong needs to offer more tax breaks to enhance art-trading hub status, expert says

Hong Kong needs to offer more tax benefits and other incentives to turn the city into a major base for…

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