〈The Standard, May 30, 2026) Jardine Matheson is considering selling additional assets as it seeks to transform from a traditional conglomerate into an investment company focused on high-growth sectors, Bloomberg reported. Source URL : Jardine Matheson plans to sell assets to become a high-growth investment firm.
The company is reportedly planning to sell the remaining portion of One Causeway Bay. It sold 13 floors of the building to Alibaba (9988) and Ant Group for HK$7.2 billion last year. Source URL : Jardine Matheson plans to sell assets to become a high-growth investment firm.
〈The Standard, May 29, 2026〉Chief Executive John Lee Ka-chiu received a comprehensive briefing on Friday from Legislative Council members regarding their research and public feedback for the formulation of Hong Kong’s first-ever local five-year development plan.
This forward-looking document is designed to provide clear directions for Hong Kong's economic and social trajectory over the next five years while seamlessly aligning with the significant opportunities presented by the National 15th Five-Year Plan.
〈Asian Post, May 28, 2026) Northern Metropolis could transform the city’s government-related entities (GREs) as they take on larger roles, higher spending, and more debt to support the project, according to S&P Global Ratings.
The ratings agency said the Northern Metropolis is expected to be Hong Kong’s largest infrastructure project, potentially costing more than $360b over the next five to six years.
S&P said the government is likely to reduce the direct fiscal burden by funding many projects through GREs and bringing in private investors.
〈Hong Kong Business, May 27, 2026〉A six-unit property on Gough Street in Central was sold for $277m at a public auction on 22 May under Hong Kong’s Land (Compulsory Sale for Redevelopment) Ordinance.
In a statement, JLL acting as auctioneer for the sale, said the property at Nos. 35, 37, 37A, 37B, 39 and 39A Gough Street was sold pursuant to an Order for Sale granted by the Lands Tribunal with Or Pu Kwan as the buyer.
According to the property consultancy, the site comprises a 68-year-old five-storey composite building with a basement and sub-basement.
〈RTHk News,May 26, 2026〉The Fire Services Department is seeking to expand usage of the Internet of Things (IoT) fire detection system to about 3,600 buildings in Hong Kong following satisfactory results in a pilot scheme.
The scheme saw wireless integrated detection systems installed in common areas and within all units in 10 buildings of no more than six storeys high during a three-month period, with fire extinguishers provided on each floor.
Upon detecting carbon monoxide and heavy smoke up to certain levels, detectors would trigger a fire alarm and send signals directly to the Fire Services Communications Centre.
