Latest news with #HongKongSpecialAdministrativeRegion
The Star
25-05-2025
- Business
- The Star
Hong Kong IPOs raise over US$9.7bil so far in 2025
HONG KONG, May 25 (Bernama-Xinhua): Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Hong Kong's IPO fundraising has surpassed 76 billion HK dollars (about US$9.7 billion) so far this year, soaring sevenfold year-on-year and reaching nearly 90 per cent of last year's total. Chan said in his blog that amid an uncertain external environment, Hong Kong, as a "super connector" between the mainland and the global market, is making every effort to seize opportunities, reported Xinhua. Last week, two major themed financial forums were held in Hong Kong, driving strong fundraising activity in the market. Many seasoned foreign investors expressed their intention to increase asset allocations in the mainland and across Asia through Hong Kong. In the same week, the Hong Kong IPO market welcomed the largest new stock listing globally this year. Additionally, the Hong Kong Investment Corporation Limited hosts its inaugural International Forum for Patient Capital. Many tech company representatives noted that the event helped them connect with more potential investors and long-term funding, facilitating better capital alignment with innovation-driven enterprises and providing stronger support for technology research, development, and commercialisation. On May 23, the ordinance on company re-domiciliation officially took effect. On the day of the announcement, a major international insurance company responded by declaring its plan to relocate its registration to Hong Kong. The market anticipated that companies from other sectors, such as shipping, may also follow suit. Chan said that the strong performance of Hong Kong stocks this year, along with the increasing number of domestic and international companies establishing global headquarters, research centres, and regional offices in the city, reflected the confidence of global investors and businesses in Hong Kong. (US$1 equals 7.83 HK dollars). Bernama-Xinhua
Associated Press
21-03-2025
- Business
- Associated Press
Hong Kong's Low-altitude Economy gears up for take-off
HONG KONG SAR - Media OutReach Neswire - 21 March 2025 - Hong Kong has unveiled its pioneering Low-altitude Economy (LAE) Regulatory Sandbox, marking the official start of pilot projects to promote development of the LAE with a view to creating new business opportunities, strengthening city management and bringing a new 'smart city' experience to the public. Speaking at the launch event yesterday (March 21), Chief Executive of the Hong Kong Special Administrative Region (HKSAR), John Lee, pointed out that the LAE not only gives rise to a series of industries, but also brings a very wide scope of application scenarios with a tremendous potential for development. 'The LAE is one of our nation's strategic emerging industries, as well as an example in exploring new quality productive forces,' Mr Lee said, adding that Hong Kong is dedicated to developing into an international innovation and technology centre and an international hub for high-calibre talent. Hong Kong launches Low-altitude Economy Regulatory Sandbox. Among applications from 72 applicants, 38 projects will be implemented under the first batch of pilot projects to be rolled out starting from April 2025. They come from enterprises, universities/research institutes, public utilities and government departments. The projects cover a wide range of fields and application scenarios, including emergency and rescue, logistics and distribution, inspection and safety maintenance, surveillance and low-altitude infrastructure. Secretary for Transport and Logistics of the HKSAR Government, Mable Chan, said the trial of the sandbox projects would help the Government accumulate experience and data in order to enable the Government and relevant departments to map out and devise a comprehensive infrastructure support for the execution of various LAE activities. 'We hope that with all these projects launching, we would incorporate innovation and technology into our daily lives,' Ms Chan said. She added that the Government would introduce a special provision in the relevant legislation enabling the Director-General of Civil Aviation to allow trials of even more sophisticated and heavier low-altitude equipment, so as to facilitate trials of state-of-the-art models, including those models which can carry passengers. Promoting Regulatory Sandbox pilot projects is a major task of the interdepartmental Working Group on Developing Low-altitude Economy set up in 2024 to boost development of the LAE. At the launch event, a number of organisations of the pilot projects set up booths to introduce the application scenarios and features of their #hongkong #brandhongkong #asiasworldcity #innovation #technology
Egypt Independent
18-03-2025
- Business
- Egypt Independent
Egypt's consul-general in Hong Kong praises development of bilateral trade, economic relations
Consul-General of Egypt in Hong Kong Baher Sheweikhi praised the development of bilateral trade and economic ties over the past period. The Egyptian consul-general in Hong Kong said on Monday 17/3/2025, that Hutchison Port Holdings, headquartered in Hong Kong has pumped investments totaling $1.6 billion into Egypt in the field of developing and operating container terminals in the ports of Alexandria and Ain Sokhna. During a meeting held with Secretary for Transport and Logistics of the Hong Kong Special Administrative Region (HKSAR) Mable Chan, the consul general congratulated her on assuming her new post. The meeting shed light on Egypt's contribution to the export of double-decker public transport buses to Hong Kong, as the buses are exported by the Egyptian company MCV-eg to KMB Company in Hong Kong, Sheweikhi said. The meeting also addressed ways to diversify existing cooperation between the two sides, particularly in the fields of maritime and air transport and the management and operation of seaports, especially in light of Hong Kong's experience in this field; being a major hub for regional and global logistics operations and among the most efficient and busiest international container ports. The diplomat also reviewed Egypt's recent achievements in the field of developing and improving seaports that would enable attract more foreign investments, particularly from Hong Kong, referring to Hon Kong's efforts to open new markets in the Middle East and North Africa region. For her part, the minister of transport and logistics of Hong Kong praised existing cooperation between Egypt and Hong Kong, voicing keenness on enhancing cooperation in the fields of maritime and air transport to serve joint interests, in addition to benefiting from Hong Kong's expertise in managing and operating seaports.
Bahrain News Gazette
14-03-2025
- Business
- Bahrain News Gazette
High Marks for Hong Kong's University Degree Courses
HONG KONG SAR – Media OutReach Neswire – 14 March 2025 – Hong Kong has emerged as the world's 'most improved' location for university degree courses, reflecting the determination of the Hong Kong Special Administrative Region (HKSAR) Government to develop the city into an international education hub with strong emphasis on nurturing talents in innovation and technology. The 2025 QS World University Rankings by Subject rated six local degree courses among the world's top 10, up from three last year, while 68% of 231 programmes from nine Hong Kong institutions rose in the rankings. In the field of data science and artificial intelligence (AI), five Hong Kong universities are ranked among the world's top 50, the highest number in Asia and second-highest globally. This demonstrates the city's immense potential and competitiveness in technological innovation, providing crucial support for the city's future economic transformation and upgrading. The Government has also rolled out various supportive policies and initiatives to attract talent and businesses to Hong Kong to participate in driving related products to market and engaging in innovation. Hong Kong spares no effort in developing the city into an international hub for post-secondary education. The surge up of Hong Kong's rankings was contributed by the comprehensive three-pronged approach involving the HKSAR Government, the efforts by universities in teaching and research, as well as social resource collaboration. The leap up the rankings also further enhanced the 'Study in Hong Kong' brand, helping world-leading academic disciplines in the city attract top-tier students for advanced studies. 'The Education Bureau will also continue to collaborate with institutions to attract more students from around the world to build Hong Kong into an international hub for high-calibre talent,' said Secretary for Education Dr Choi Yuk-lin. According to the QS release, about 80% of subjects of the city's universities had shown improvement in academic reputation, with significant progress across most indicators. This highlighted Hong Kong's continued leadership in the field of higher education, serving as a global model of success. This year's ranking compared over 21,000 academic offerings, taken by students at more than 1,700 universities across 100 countries and territories in 55 subjects.
Associated Press
14-03-2025
- Business
- Associated Press
High Marks for Hong Kong's University Degree Courses
HONG KONG SAR - Media OutReach Neswire - 14 March 2025 - Hong Kong has emerged as the world's 'most improved' location for university degree courses, reflecting the determination of the Hong Kong Special Administrative Region (HKSAR) Government to develop the city into an international education hub with strong emphasis on nurturing talents in innovation and technology. The 2025 QS World University Rankings by Subject rated six local degree courses among the world's top 10, up from three last year, while 68% of 231 programmes from nine Hong Kong institutions rose in the rankings. In the field of data science and artificial intelligence (AI), five Hong Kong universities are ranked among the world's top 50, the highest number in Asia and second-highest globally. This demonstrates the city's immense potential and competitiveness in technological innovation, providing crucial support for the city's future economic transformation and upgrading. The Government has also rolled out various supportive policies and initiatives to attract talent and businesses to Hong Kong to participate in driving related products to market and engaging in innovation. The surge up of Hong Kong's rankings was contributed by the comprehensive three-pronged approach involving the HKSAR Government, the efforts by universities in teaching and research, as well as social resource collaboration. The leap up the rankings also further enhanced the 'Study in Hong Kong' brand, helping world-leading academic disciplines in the city attract top-tier students for advanced studies. 'The Education Bureau will also continue to collaborate with institutions to attract more students from around the world to build Hong Kong into an international hub for high-calibre talent,' said Secretary for Education Dr Choi Yuk-lin. According to the QS release, about 80% of subjects of the city's universities had shown improvement in academic reputation, with significant progress across most indicators. This highlighted Hong Kong's continued leadership in the field of higher education, serving as a global model of success. This year's ranking compared over 21,000 academic offerings, taken by students at more than 1,700 universities across 100 countries and territories in 55 subjects.
