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HKMA licenses Bakai Bank, city’s first from Central Asia
Hong Kong Monetary Authority (HKMA) has granted a banking licence to Bakai Bank, marking the first Central Asian bank to set up in Hong Kong amid closer ties in the economy and trade flows between China and the region, according to a statement on Monday. Bakai Bank, one of the largest lenders in Kyrgyzstan, will operate as a restricted licence bank in Hong Kong. It will be the 17th restricted licence bank in Hong Kong. Under the licence, it can take deposits of at least HK$500,000 (US$63,776)...
10/5 17:42Enoch Yiuhttps://www.scmp.com/business/banking-finance/article/3365704/hkma-licenses-bakai-bank-citys-first-central-asia
8 more firms from Belt and Road Initiative countries apply…
Eight more companies from countries belonging to Beijing’s Belt and Road Initiative have applied to list in Hong Kong, the city’s trade promotion chief has revealed. Frederick Ma Si-hang, chairman of the Trade Development Council, also said on Monday the city’s economy would benefit from improving China-US ties. Speaking on the sidelines of the Global Youth Powerhouse Summit, Ma said interest in Hong Kong’s capital markets from Central Asia had surged after a high-level delegation led by Chief...
10/5 15:55Leopold Chenhttps://www.scmp.com/news/hong-kong/hong-kong-economy/article/3369784/8-more-firms-belt-and-road-initiative-countries-apply-ipos-hong-kong
‘At what cost?’ Southeast Asia starts to rethink its AI dat…
Southeast Asian governments are learning some hard truths about the data centre boom they spent years working to attract, analysts say – it promises jobs, digital infrastructure and a foothold in the AI economy, but the rapid buildout is also straining power grids, land and regulatory systems. “There is this enthusiasm to attract investments, but now it raises the question: at what cost and at what speed?” said policy researcher Mark Manantan, a research fellow for the Centre for Global Security...
10/5 16:11Sam Beltranhttps://www.scmp.com/week-asia/economics/article/3369788/southeast-asia-starts-rethink-its-ai-data-centre-boom-what-cost
HKTDC’s Belt and Road Summit drives momentum
[The content of this article has been produced by our advertising partner.] The 11th Belt and Road Summit, which took place in Wan Chai on 9-10 September, brought together more than 6,200 top officials, business leaders and senior professionals from 70-plus B&R countries and regions to explore opportunities for further cooperation and partnerships. Co-organised by the HKSAR Government and the Hong Kong Trade Development Council (HKTDC), the signature event gave attendees the chance to...
10/5 15:27Advertising partnerhttps://www.scmp.com/presented/business/topics/belt-and-road-summit-2026/article/3369558/hktdcs-belt-and-road-summit-drives-momentum
The Live Conversation: Education Beyond the Checklist
Over 1,700 parents, students and educators attended the International Schools Festival – Hong Kong Island 2026. Held at Hong Kong Ocean Park Marriott Hotel on September 19, it featured 46 schools and education advisers, and offered families guidance on admissions, curricula, university applications and future education planning. Across five parent talks and 10 school-led information sessions, speakers returned to one central message: education should not be driven by fear or the pursuit of a...
10/5 10:36Jolene Otrembahttps://www.scmp.com/business/article/3369560/live-conversation-education-beyond-checklist
Quants of solace: why China needs quant funds despite regul…
Beijing has tightened scrutiny of quantitative trading funds in recent months amid fears they add to market instability. Yet a leading investor believes the future is bright for China’s quant funds, as they are “necessary for a developed economy”. Seth Huang, the head of Aris Capital, said quant funds had such a clear advantage over retail investors on China’s capital markets that the situation could be described as “a war with some using machine guns and others butcher knives”. Quant funds have...
10/5 08:00Tim Yuen Lingkhttps://www.scmp.com/business/banking-finance/article/3369650/quant-funds-are-necessary-chinas-ascent-financial-powerhouse-investor
‘Hong Kong resisted rigid 5-year plan goals to allay planne…
Hong Kong refrained from setting overly rigid economic indicators in its first five-year plan to avoid fuelling concerns that it was moving towards a planned economy, according to the city’s constitutional affairs minister. The current priority should be hitting targets instead of dwelling on accountability mechanisms for potential shortcomings, Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa said. Tse also emphasised the government’s efforts to explore administrative...
10/5 08:30Matthew Chenghttps://www.scmp.com/news/hong-kong/politics/article/3369715/hong-kong-resisted-rigid-5-year-plan-goals-allay-planned-economy-fears-minister
LIM Advisors founder George Long: ‘We’ve been here 30 years…
[The content of this article has been produced by our advertising partner.] George Long does not talk like a man selling vision. The founder, chairman and chief investment officer of LIM Advisors is understated and unshowy. After three decades running an independent firm in Hong Kong, what comes through is a temperament suited to difficult Asian markets: calm, pragmatic and focused on protecting capital when conditions turn. How the business began Long left Barclays’ Asia Pacific asset...
10/5 00:00Advertising partnerhttps://www.scmp.com/presented/business/topics/playing-long-game/article/3369280/lim-advisors-founder-george-long-weve-been-here-30-years-were-going-be-around
Hong Kong’s Ultimate ‘Par-tee’ Returns at Link Hong Kong Op…
[The content of this article has been produced by our advertising partner.] The Link Hong Kong Open 2026 is set to host the ultimate ‘Par-tee’ for golf fans from across the region during its historic 65th staging of the world-famous tournament from October 22 to 25 at the Hong Kong Golf Club in Fanling. The Jockey Club Fan Village offers non-stop entertainment right near the green next to the first tee daily from 7:00am to 6:00pm. Inside the bustling village, visitors of all ages can enjoy...
10/5 00:00Advertising partnerhttps://www.scmp.com/presented/lifestyle/topics/link-hong-kong-open-open-all/article/3369333/hong-kongs-ultimate-par-tee-returns-link-hong-kong-open
Hong Kong builders take three WorldSkills honours in best C…
[The content of this article has been produced by our advertising partner.] Nine young construction competitors from the Construction Industry Council returned from WorldSkills Shanghai with three Medallions for Excellence, the strongest finish the CIC has recorded at the competition. The honours went to Law Chak-sum in painting and decorating, Tse Yu-lok in welding, and the concrete construction work team of Huang To-kong and Wan Tsz-ho. It was Hong Kong’s first WorldSkills honour in concrete...
10/5 00:00Advertising partnerhttps://www.scmp.com/presented/news/hong-kong/topics/constructing-careers-through-worldskills/article/3369508/hong-kong-builders-take-three-worldskills-honours-best-cic-haul