AGP Executive Report
Last update: 9 hours agoAviation & Trade Facilitation: Hong Kong International Airport successfully launched the expanded Terminal 2 on 27 May, adding 300,000 sq m capacity and new passenger tech such as smart check-in kiosks and hybrid counters, reinforcing the city’s role as a regional aviation hub. SME Globalisation: HKPC and DHL Express Hong Kong will co-host an SME-focused “Blueprint for Global Expansion” forum on 12 June, tackling the biggest overseas hurdles flagged in their DHL-HKPC survey: complex customs, high logistics costs, and limited local sales channels. Banking & Payments: iFAST Global Bank launched SEPA payment capabilities for its Multi-Currency Business Current Account, aiming to simplify euro transfers for SMEs and cross-border trading firms. Capital Markets & Listings: Creality became the first consumer 3D printing company to list in Hong Kong, raising about HK$1.27 billion net and debuting strongly after a heavily oversubscribed IPO. Wealth Management: BCG says Hong Kong overtook Switzerland as the world’s largest cross-border wealth hub, with 2025 offshore wealth at US$2.95 trillion. Cross-border Finance Regulation: Futu said mainland clients make up about 17% of assets under management, as it navigates China’s crackdown that restricts deposit and buying activities for existing mainland clients. Markets & Energy Mood: Asian stocks climbed as oil eased on hopes for a US-Iran ceasefire extension, though investors remain cautious ahead of key approvals. Retail Expansion: Skims plans its first Greater China flagship store in Hong Kong’s Times Square, opening in November with Lane Crawford as partner. Health & Rehab: Linz Health opened its first Hong Kong clinic in Wan Chai, offering outpatient neurorehabilitation for stroke and neurological conditions using new therapy technologies.
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