US Yields Hit 19-Year High, but HK Prime Rate Stays at 5%
The US 10-year Treasury yield reached 5.25%, while HSBC and Bank of China (Hong Kong) maintained 5% prime rates, keeping a cap on some mortgage costs.
What if high rates persist into next year? Moody’s Zandi says AI giants can cope, others may not
Moody’s Analytics chief economist Mark Zandi warned that if high interest rates persist in the US into next year, corporate bankruptcies and household debt pressures could intensify, although companies linked to artificial intelligence may be better placed to withstand them.
National Day Golden Week: 1.29 million visitors expected, but retail chief warns arrivals do not guarantee spending
Hong Kong is expected to receive 1.29 million mainland visitors during next week’s National Day Golden Week, but industry representatives warn that spending may not rise in tandem, with retail growth likely to be concentrated in jewellery, cosmetics and other selected categories.
CCL falls 0.59% as nearly 80% of transactions were signed before rate hike; developer says first post-hike new project sells out
The CCL fell 0.59% to 161.17 points, but the figures mainly reflect transactions signed before the rate hike. New projects continue to attract purchasing power, while the impact on the secondary market is not expected to become clearer until mid-October.
-
Northbound trading suspension fails to offset US Treasury yield pressure as Hang Seng Index falls for third day to 24,510
-
MPF funds see more than HK$10 billion shift out of Hong Kong equities this year despite daily turnover topping HK$280 billion
-
Same oil-price shock, sharply divided fortunes: distributors’ profits soar 480% while refiners warn margins are being squeezed
-
US 30-year Treasury yield breaks 5.4% as long-term bond sell-off hits five major economies
More news
Kowloon East office vacancy rate falls for second month, but remains Hong Kong’s highest
Kowloon East’s Grade A office vacancy rate fell to 19.8 per cent at the end of July, marking a second consecutive monthly decline. Although it remains the highest among Hong Kong’s office submarkets, the latest figures suggest the gap between non-core districts and Central has not continued to widen.
Hong Kong Stock Connect Turnover Reaches New Heights Amid Surging Cross-Border Flows
Trading through China's Stock Connect programs reached record levels in early 2026, highlighting increased cross-border capital flows between mainland China and Hong Kong, according to a recent HKEX review.
Labubu Made Pop Mart a Global Star. Now Its Overseas Sales Are Falling for the First Time.
Pop Mart's overseas revenue fell by 11% in the first half of 2026, as Labubu's global appeal wanes. The company now focuses on diversifying its character lineup to sustain growth.
Copper's Record High Isn't About AI Chips. It's About the Grid AI Runs On.
Prices hit an all-time high in early September even as exchange inventories rose and spot premiums vanished — a pattern that points less to a physical shortage than to a policy-driven scramble, with electrification, not data-center hardware, doing the heavy lifting.
Jensen Huang Declared 'AGI Has Arrived.' His Own Earnings Call Sounded a Lot More Cautious.
Nvidia's CEO claims AGI has arrived with OpenAI's GPT-6 Astra, while the company simultaneously excludes China from its revenue forecast due to geopolitical uncertainties.
China Jinmao's Numbers Look Contradictory. The Explanation Is Mostly About Timing
Signed sales at the state-backed developer rose 8% in the first half. Revenue fell 15% and margins compressed. Both things are true, and neither one is the full picture.
CFMOTO's $92.6 Million Tariff Refund Won't Repeat — Here's Why It Still Matters
The record US tariff refund flowing to China's biggest ATV exporter is being read as a profit windfall. It's actually a one-time repayment of money the company overpaid — and the more interesting story is in three numbers most coverage has skipped.
HK Mansion Sale Tops $192M as Market Cools
A Repulse Bay estate is on sale for up to US$192 million, highlighting a surge in luxury property sales despite a cooling broader Hong Kong housing market.
China Buys, Norway Sells: $80B Treasury Split
Chinese commercial banks are increasing their US Treasury holdings, diverging from China's official trend, while Norway's sovereign wealth fund reduces its Treasury exposure, opting for higher-yielding assets.
Record Silver Bond Subscriptions Amidst Hong Kong Stock Market Rally
Hong Kong's Hang Seng Index rose by 1.74% on September 4, driven by tech stocks, while nearly 478,000 retirees invested HK$119.77 billion in government bonds, highlighting contrasting market sentiments.
Yen Short Squeeze Looms: How Hong Kong Could Feel the Impact
Hedge funds have invested $103 billion in shorting the yen, creating a risky crowd trade. A drop below 155 per dollar could trigger a short squeeze, impacting global dollar funding.
Hong Kong vs Singapore: 17 Sailings Vanish
Star Cruises has cancelled its Hong Kong sailings for September to November, opting instead for a new Southeast Asia season, raising questions about Hong Kong's cruise industry growth.
Hong Kong Stocks Rise. Tech Names Climb Higher.
Hong Kong's Hang Seng Index rose nearly 2% on Friday, led by tech stocks like Meituan and Baidu. Lenovo's AI advancements and a property developer's reassurance also contributed to market gains.
Foreign Tourists Spent More. Their Bills Shrank.
Foreign visitors in China spent 263.6 billion yuan from January to July, up 28% from last year, with a shift towards smaller, frequent purchases due to simplified tax refunds and payment methods.
Autonomous-Driving Rivals Deliver Results on the Same Day: RMB 450 Million Revenue Gap, Why Adjusted Losses Differ 118 Times
Horizon Robotics and Momenta released interim reports on the same day, with revenue differing by only RMB 453 million but adjusted net losses diverging by about 118 times; the gap comes from R&D intensity and the definitions of excluded items.
China's Automakers Are Winning Overseas and Losing to the Yuan
Chinese automakers face significant foreign exchange losses amid overseas expansion, highlighting the need for local production and currency management strategies to mitigate financial risks.
Bank of Canada Holds Rate as US-Canada Tariff War Clouds Path
The Bank of Canada has maintained its benchmark rate at 2.25%, citing economic uncertainties from U.S. tariffs and Middle East tensions, while monitoring inflation risks and economic growth.
What the Iran War Is Actually Costing American Family
Oil refiners informed Trump that increasing refining capacity quickly is unfeasible, as global tensions and refinery constraints drive up fuel prices, impacting households and economies worldwide.
Bessent's $500 Million Yen Move: Unveiling the Truth Behind US Currency Strategy
The US Treasury's yen intervention in July was only $500 million, contrary to expectations of $5-10 billion. This modest action raises questions about transparency and the Treasury's strategic intentions.
Shein Shares Fall Another 5% to HK$46 in Second Session
Shein's shares fell 5% on the Hong Kong Stock Exchange, reflecting investor concerns over growth and profitability, despite stabilisation measures. The IPO raised HK$13.6 billion, valuing the company at $26.5 billion.
China's Solar Capacity Overtakes Coal: A Milestone Amidst Renewable Energy Challenges
China's solar capacity has surpassed coal for the first time, despite a significant slowdown in new solar installations and increased power curtailment, highlighting challenges in the renewable energy sector.
Why Is Hong Kong Still the World's No. 2 Billionaire City?
Hong Kong's billionaire count fell by two in 2025, yet the city remains a top wealth hub due to a 26.4% increase in ultra-high-net-worth individuals, driven by cross-border capital inflows.
Another Fed Governor Backs Rate Hike, Odds Hold at 66%
Federal Reserve Governor Michael Barr suggests a rate hike if inflation remains high, aligning with Fed Chair's recent stance. This could impact Hong Kong's mortgage costs due to the U.S. dollar peg.
Jollibee Chooses Hong Kong Stock Exchange for Tim Ho Wan Owner's International Listing
Jollibee Foods Corp plans to list its international arm on the Hong Kong Stock Exchange, shifting from an earlier US listing plan, to better align with its Asian market presence and growth ambitions.
Huawei, Xiaomi, Honor Hike Phone Prices by Up to 1,000 Yuan
Huawei, Xiaomi, and Honor have increased prices on flagship smartphones due to surging memory-chip costs, with some models rising by up to 1,000 yuan. The adjustments reflect higher procurement costs.
Baidu Upgrades Hong Kong Listing to Equal Status With Nasdaq
Baidu has transitioned to a dual-primary listing on the Hong Kong Stock Exchange, aligning with Nasdaq. This move aims to broaden its investor base and improve share liquidity.
Hong Kong Stocks Slide in September Debut, Led by Alibaba's 3% Drop
Hong Kong's Hang Seng Index fell for a second day, led by tech giants like Alibaba, amid global tensions and Shein's disappointing IPO debut. Investors eye US jobs report for Fed clues.
Shein Debuts in Hong Kong Tomorrow, Priced 70% Below Peak
Shein's Hong Kong IPO marks a significant valuation drop to $26 billion, reflecting investor challenges and market pressures. Despite a net loss, demand remains strong with substantial cornerstone commitments.
The Hidden Reason Hong Kong Gold Prices Don't Crash With the Market
Kevin Warsh's inflation warning impacts gold prices, but Hong Kong jewellery costs remain stable due to a complex pricing system. Local chains adjust prices independently, unaffected by immediate market changes.
JD.com's HK$10bn Investment in Hong Kong Logistics and Property Challenges Traditional Rent Models
JD.com has invested over HK$10 billion in Hong Kong property, aiming to redefine retail dynamics by focusing on logistics and supply chain efficiency rather than traditional foot traffic.
Pages
- 1
- 2
- Next
