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HK Market Minute

Hong Kong Leader Affirms US Dollar Peg Amid Geopolitical Tensions

By Agencies In a recent interview, Hong Kong's leader confirmed that the city will continue to maintain its currency peg to the U.S. dollar, despite rising geopolitical tensions and some calls to switch to a peg with the Chinese yuan. The Hong Kong dollar has seen...

CATL Shares Soar Over 18% in HK Debut Following Record IPO

Staff Reporter Shares of Contemporary Amperex Technology Co., Ltd. (CATL), the world's largest battery manufacturer, jumped over 16% in their trading debut in Hong Kong on Tuesday. Investors are optimistic about the company’s potential to capitalize on the expanding electric vehicle (EV) market. The shares closed at...

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Standard Chartered Announces $1.5 Billion Buyback Following 18% Annual Profit Surge

Staff Reporter Standard Chartered has unveiled a $1.5 billion share buyback following an impressive 18%...

Alibaba Shares Surge to Three-Year High, Igniting Tech Rally on Strong Earnings

Staff Reporter Alibaba Group's Hong Kong shares surged to a three-year high on Friday, igniting...

Hong Kong Exports Rise 4.9% in 2024

Staff Reporter Hong Kong's total exports surged by 4.9% in 2024, with imports also seeing...

HK’s Unemployment Rate Remains Steady at 3.1% from Nov2024 to Jan2025

Staff Reporter Hong Kong's unemployment rate remained unchanged at 3.1% for the period from November...

HKGCC Calls for Increased Tax Cuts to Support Hong Kong’s Economy

Staff Reporter The Hong Kong General Chamber of Commerce (HKGCC) is calling for more tax...

Tesla Supplier CATL Plans $5 Billion Hong Kong IPO This Week

Staff Reporter Chinese battery powerhouse Contemporary Amperex Technology Co (SZ:300750), commonly known as CATL, is...

HK Property Sales Decline by 10.4%

In January 2025, the Land Registry reported a total of 4,938 sale and purchase...

Hong Kong’s Troubled Property Sales Impacting Banks

The commercial real estate landscape in Hong Kong is currently undergoing a significant transformation,...

Hong Kong Home Prices Decline in December, Down 7.1% in 2024

Staff Reporter Hong Kong's housing market continues to struggle as home prices dipped by 0.7%...

HK Bankruptcy Filings Reach Highest Level Since 2015

Surge in Bankruptcy Applications in Hong Kong: A Closer Look Hong Kong has witnessed a...

HK’s Budget Deficit Expected to Fall Just Below HK$100 Billion

Staff Reporter Hong Kong's financial chief said on Saturday that the city's budget deficit for...

HK Finance Chief Foresees Cautious Optimism and Concerns for 2025 Market Prospects

As Hong Kong braces for the challenges of 2025, the city’s financial outlook is...

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