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Month: May 2025

Posted on 23/05/2025

This Biotech Startup Raised $34 Million For Urine-Based Tests To Help Diagnose Cancer

A grantee of the Gates Foundation, Hong Kong-based Phase Scientific built a business on the back of Covid-19 tests. Up next: using urine to compete with industry ‘gold standard’ HPV screening methods.

Posted on 23/05/2025

Hong Kong stocks on track for sixth week of gains on upbeat China outlook

Chinese pharmaceutical stocks got a boost from a strong debut of Jiangsu Hengrui Pharmaceuticals, the nation’s biggest drug maker by market capitalisation, which surged 29 per cent on its debut in ...

Posted on 23/05/2025

Hong Kong property tycoon fetches HK$72.9 mil in wine auction

Joseph Lau, the former chairman of Hong Kong real estate firm Chinese Estates Holdings, is a well-known collector. The sale offered more than 200 lots of wine.

Posted on 23/05/2025

Hong Kong customs arrests 3 over alleged HK$61 million money-laundering case

Hong Kong customs has arrested three people suspected of laundering about HK$61 million (US$7.8 million) in illegal funds, with the trio allegedly conducting more than 10,000 transactions in a year.

Posted on 23/05/2025

Chinese firms’ stellar Hong Kong debuts spur hopes of valuation shift

H-shares as a whole still trade at a discount of 32% to A-shares, compared with a low of 28% in March, according to the Hang Seng Stock Connect China AP Premium Index ...

Posted on 23/05/2025

Architect Norman Foster, who designed HSBC’s Hong Kong HQ, reflects on his legacy

A thread connects Foster’s groundbreaking Hong Kong projects to his experimental installation at the Venice Biennale of Architecture.

Posted on 23/05/2025

Chinese Drugmaker’s Shares Jump in Strong Hong Kong Debut

Shares of Jiangsu Hengrui Pharmaceuticals soared Friday morning, as more companies seek to tap Hong Kong’s capital markets.

Posted on 23/05/2025

How DBS drives changes with lasting impact for Hong Kong’s ageing population

DBS bank and its Foundation work with local partners to offer under-privileged improved long-term health and financial resilience.

Posted on 23/05/2025

Hong Kong property tycoon’s wine collection fetches US$9.3mil at auction

Hong Kong businessman Joseph Lau sold a collection of fine wine for HK$72.9 million (US$9.3 million) in an auction, fetching more than $41,000 a bottle for some rare French vintages.

Posted on 23/05/2025

ProWine Hong Kong 2025 Concludes Successfully

ProWine Hong Kong 2025 concluded successfully at the Hong Kong Convention and Exhibition Center. Against the backdrop ...

Posted on 23/05/2025

Luxury Mansion, Yacht And More: Hong Kong Billionaire’s Rs 2,134 Crore Gift To Daughter-in-Law

Chui, the only daughter-in-law in the Lee family, has since solidified her influence in both social and business spheres of Hong Kong's elite.

Posted on 23/05/2025

Citigroup Introduces AI Tools, Enhances Banking Operations in Hong Kong

Citigroup Inc. C unveiled Citi AI, a range of artificial intelligence (AI) tools aimed at enhancing internal processes for Hong Kong employees. Citi AI aims to maximize efficiency in operations by ...

Posted on 22/05/2025

HSBC launches Hong Kong’s first blockchain-based settlement service with Ant International

HSBC Holdings on Thursday said it launched Hong Kong’s first blockchain -based settlement service, marking a step forward for fintech development in the city that will allow for secure and quick ...

Posted on 22/05/2025

Hongkong Land’s underlying profit for 1QFY2025 ‘in line’ y-o-y, net debt reduced to US$4.9 bil

The group said that it generated net cash inflows in the first quarter, net gearing was 16% and committed liquidity was US$3.2 billion.

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