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Gold, cruises and Dior: how Hong Kong lenders are enticing wealthy mainland China visitors
NEWS
5/1/2026

Gold, cruises and Dior: how Hong Kong lenders are enticing wealthy mainland China visitors

Gold bars, cruises, Dior beauty services and Rosewood Hong Kong vouchers are just some of the incentives Hong Kong’s major lenders are offering in hopes of capturing wealthy clients, as visitors from mainland China descend on the city during the golden week holiday starting on Friday. HSBC, Standard Chartered and Bank of China (Hong Kong) – the city’s three biggest banks – Citigroup, DBS Hong Kong, ICBC Asia, Bank of East Asia and Hang Seng Bank have all extended the hours of certain branches on...

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SCMP Economy
60-Year-Old Man Arrested After Alleged Armed Bank Robbery Attempt in Hong Kong's Causeway Bay
NEWS
4/30/2026AI summary

60-Year-Old Man Arrested After Alleged Armed Bank Robbery Attempt in Hong Kong's Causeway Bay

Hong Kong police have arrested a 60-year-old unemployed man following an alleged armed robbery attempt at a Hang Seng Bank branch in Causeway Bay on Thursday afternoon. The suspect allegedly attempted to steal HK$100,000 (US$12,760) while carrying two 30cm knives. He handed over a note demanding money to a staff member on the second floor, but she triggered the alarm, prompting his escape. Police later intercepted him at the junction of Yee Wo Street and Jardine's Bazaar, recovering two knives including a cleaver from his bag.

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SCMP Economy
A-H Share Premium Gap Narrows as Global Investors Re-rate Chinese Tech Companies
Developing
Business·4/21/2026AI summary

A-H Share Premium Gap Narrows as Global Investors Re-rate Chinese Tech Companies

The valuation gap between mainland China A shares and Hong Kong H shares has narrowed significantly, with the Hang Seng AH Premium Index falling from 157.89 in February 2024 to below 120. Technology leaders including CATL, Montage Technology and GigaDevice Semiconductor have seen their A-H premium reverse to an H-A surcharge, reflecting a structural shift in how global and domestic investors price Chinese assets. Analysts attribute this to Beijing's A+H policy encouraging high-quality mainland companies to list in Hong Kong.

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SCMP Economy