Hong Kong Economic Journal

【#人工智能】香港總商會發表年度「商業前景問卷調查」：AI搶初級職位 失業率料長踞4% Hong Kong business leaders more upbeat on economy but expect unemployment to stay near 4% as AI displaces junior roles 本港企業對來年經濟前景轉趨樂觀，惟失業率未必能改善。香港總商會發表年度「商業前景問卷調查」，48.3%受訪企業對本港未來12個月經濟前瞻表示正面，佔比為2022年來最高；該會指出，隨着人工智能（AI）等應用日益普及，部分企業或會考慮重組人手，AI料取代一些初級職位空缺，失業率可能更長時間處於約4%水平。 Hong Kong companies have grown more optimistic about the economic outlook for the coming year, though the improvement is unlikely to extend to the labour market. According to the Hong Kong General Chamber of Commerce (HKGCC) 香港總商會’s annual Business Prospects Survey, 48.3 per cent of respondents hold a positive view of the city’s economic prospects over the next 12 months — the highest reading since 2022. The chamber noted, however, that the rapid adoption of artificial intelligence is prompting some firms to consider reorganising their workforce. As AI tools become increasingly embedded in business operations, they are expected to replace certain entry-level roles, potentially keeping Hong Kong’s unemployment rate anchored around 4 per cent for a prolonged period. Full Article: https://lnkd.in/g3GsTa-3 ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜

【#人工智能】「AI建築師」膺《時代》雜誌2025年度風雲人物 “AI Architects” Named Time’s 2025 Person of the Year 美國《時代》雜誌公布2025年年度風雲人物，由多位人工智能建築師(Architects of AI)獲得殊榮。 這期封面採用一幅由AI生成的圖像，重新演繹1932年經典照片「摩天大樓頂上的午餐」，將照片中的鋼鐵工人替換成了AI行業的領導者，包括Meta行政總裁朱克伯格、超微(AMD)行政總裁蘇姿丰、全球首富馬斯克(Elon Musk)、輝達行政總裁黃仁勳、OpenAI行政總裁阿爾特曼、AI教母李飛飛等。 TIME has named a group of leading “Architects of AI” as its 2025 Person of the Year, recognising the executives and researchers seen as shaping the future of artificial intelligence. The cover of the special issue features an AI-generated reinterpretation of the 1932 classic photograph Lunch atop a Skyscraper. In the updated image, the steelworkers perched on a girder high above New York are replaced by prominent figures from the AI industry, including Meta chief executive Mark Zuckerberg, AMD chief executive Lisa Su, the world’s richest man Elon Musk, NVIDIA chief executive Jensen Huang, OpenAI chief executive Sam Altman, and AI pioneer Fei-Fei Li. Full Article: https://lnkd.in/gqUhdnEn ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜

【#人工智能】美國非牟利機構JUST Capital發布報告：93%領袖看好AI 公眾僅佔六成 AI Optimism Splits Corporate America and the Public, JUST Capital Finds 美國非牟利機構JUST Capital近日發布一份報告，分析美國公眾、投資者與企業領袖對於負責任部署人工智能（AI）的看法。 數據來自今年9月至11月間，面向逾2000名美國成年人、98名投資者、111名企業領袖的問卷調查，另外又舉辦了6場焦點座談，以及對8位負責AI決策的企業領袖深度訪談。 結果發現，約93%企業領袖、80%投資者相信在未來5年，AI將為社會帶來「淨正面」影響，但是持同樣看法的一般公眾僅有58%，顯示多數企業與資本方，和社會公眾的認知存在落差。 JUST Capital has released a report examining how the American public, investors and corporate executives view the responsible deployment of artificial intelligence. The findings draw on surveys conducted between September and November this year, covering more than 2,000 US adults, 98 investors and 111 corporate leaders. Researchers also held six focus groups and carried out in-depth interviews with eight executives directly involved in AI decision-making. The report shows a striking gap in expectations: about 93% of corporate leaders and 80% of investors believe AI will have a “net positive” impact on society over the next five years, compared with only 58% of the general public. The data suggest that optimism among business and capital-market participants is not matched by broader public sentiment. Full Article: https://lnkd.in/gDQD2B-c ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜ #信報 #企業 #投資者

【#內房危機】IMF：3年須擲7萬億紓內房危機 IMF Warns China to Spend 7 trillion RMB to Stabilise Ailing Property Sector 國際貨幣基金組織（IMF）把中國今明兩年經濟增長預測，調升至5%和4.5%，但同時指出內地經濟韌性正受到包括內房持續失衡等問題的考驗，應該加大改革力度，增強社會保障並支持房地產行業調整，以提升信心及刺激消費。 IMF總幹事格奧爾基耶娃（Kristalina Georgieva）指出，內地樓市疲弱拖累內需，要解決房地產危機，代價為未來3年中國需要投入相當於5%等值的GDP資金。以此推算，即大約7萬億元（人民幣．下同）。 The International Monetary Fund (IMF) has raised its forecasts for China’s economic growth to 5% for this year and 4.5% for next year, but warned that the resilience of the mainland economy is being tested by persistent imbalances in the property sector and other structural challenges. It urged Beijing to step up reforms, strengthen the social safety net and support the ongoing adjustment in the real estate market in order to shore up confidence and spur consumption. IMF managing director Kristalina Georgieva said China’s weak housing market is weighing on domestic demand. To resolve the property sector crisis, she estimated that China would need to deploy resources over the next three years equivalent to around 5% of GDP, roughly 7 trillion RMB. Full Article: https://lnkd.in/gbd4mWYG ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜

【表揚卓越 獎勵佳績  嘉許24間優秀香港上市公司】 《信報財經新聞》舉辦第十屆「上市公司卓越大獎」，得獎公司經已誕生！ 一眾獲獎企業在眾多營商挑戰下，展現非凡適應力，持續提升企業管治水平，為香港經濟穩定發展帶來傑出貢獻。特設「榮耀大獎」，頒予五度獲獎的上市公司，以彰顯優質上市公司在波動市況下步履鏗鏘，意義非凡。 恭賀以下公司榮獲本年度上市公司卓越大獎! 【藍籌】 中銀香港（控股）有限公司（02388）榮耀大獎 華潤電力控股有限公司（00836） 中國聯合網絡通信（香港）股份有限公司（00762） 周大福珠寶集團有限公司（01929）榮耀大獎 長江實業集團有限公司（01113）榮耀大獎 恒基兆業地產有限公司（00012） 港鐵公司（00066） 新鴻基地產發展有限公司（00016）榮耀大獎 【主板】 金至尊集團（國際）有限公司（02882） 中國海外發展有限公司（00688） 中核國際有限公司（02302） 中遠海運國際（香港）有限公司（00517） 周大福創建有限公司 （00659） 豐盛生活服務有限公司（00331） 鍋圈食品（上海）股份有限公司（02517） 國泰君安國際控股有限公司（01788） 亨利加集團有限公司（03638） 鷹普精密工業有限公司（01286）榮耀大獎 新世界發展有限公司（00017）榮耀大獎 東方表行集團有限公司（00398）榮耀大獎 商湯集團股份有限公司（00020） 深圳國際控股有限公司（00152） 信和置業有限公司（00083）榮耀大獎 聯合醫務集團有限公司（00722） （上述得獎公司按公司英文名稱順序排列） #信報 #上市公司卓越大獎2025 #榮耀大獎

【#人工智能】摩通戴蒙：人工智能不會帶來失業潮 Jamie Dimon: AI will not trigger wave of job losses 摩根大通行政總裁戴蒙（Jamie Dimon）早前接受美國霍士新聞專訪，重申他對於人工智能（AI）經濟影響的樂觀態度。他指出，早在AI流行之前，就業數據與工資水平就趨於疲弱，企業招聘變得謹慎，「那不是因為AI的關係，只是他們（企業）希望花費更少的資源來創造更多價值。」 JPMorganChase Chief Executive Officer Jamie Dimon reiterated his upbeat view on the economic impact of artificial intelligence, telling Fox News in a recent interview that he does not expect AI to unleash a surge in unemployment. He noted that long before AI became fashionable, labour-market data and wage growth had already been softening, with companies growing more cautious about hiring. “That was not because of AI,” he said, arguing instead that businesses simply “want to create more value while using fewer resources.” Full Article: https://lnkd.in/gragdFPb ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜ #信報 #摩根大通 #戴蒙 #人工智能

【#港股市場】IPO申請質素降 監管發信警告 Hong Kong regulators warn banks over declining IPO application standards 今年本港新股（IPO）市場強勁復甦，仍有逾300家公司正排隊等候過會上市，惟市況暢旺的同時，新股申請質素卻再度惹起關注。綜合市場消息，證監會與港交所（00388）上周五罕有地聯合去信所有負責保薦新股的投行，直言近期新股申請的質素呈下降趨勢，觀察到多項不合標準的行為，令人關注到部分投行人員「不熟例」及缺乏經驗，促請他們作出糾正，否則有機會面臨懲處。 Hong Kong’s IPO market has staged a strong recovery this year, with more than 300 companies still in the pipeline awaiting approval to list. But even as deal activity picks up, concerns are resurfacing over the quality of new listing applications. According to market sources, the Securities and Futures Commission (SFC) and Hong Kong Exchanges and Clearing Limited (HKEX) last Friday took the unusual step of issuing a joint letter to all investment banks sponsoring IPOs. The regulators said the standard of recent applications had shown a downward trend and that they had observed multiple forms of substandard conduct. The letter raised concerns that some bankers involved in sponsorship work may be unfamiliar with the rules and lack sufficient experience. The watchdogs urged firms to rectify deficiencies promptly, warning that failure to do so could result in disciplinary action. Full Article: https://lnkd.in/grkZZpeF ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜

【#香港經濟】澳洲會計師公會發布2026年香港商業信心調查：逾六成受訪者看好港明年經濟 CPA Australia: More than 60% of respondents upbeat on 2026 HK economic outlook 澳洲會計師公會發布香港商業信心調查結果，基於今年穩健的經濟增長趨勢，63%的受訪者預期明年經濟將持續穩步擴張，受訪者提及主要經濟增長動力包括具競爭力的稅制、蓬勃的資本市場及中國內地經濟增長，但生活成本高企、全球經濟疲弱及內地增長放緩將是明年香港經濟與企業面臨的最大挑戰。 CPA Australia has released the findings of its latest Hong Kong Business Confidence Survey. Building on this year’s solid economic performance, 63 per cent of respondents expect the city’s economy to continue expanding steadily next year. They cited Hong Kong’s competitive tax regime, its vibrant capital markets and the growth momentum of mainland China as the primary drivers of future expansion. However, elevated living costs, a sluggish global economy and a slowdown in the mainland are viewed as the most significant headwinds facing Hong Kong’s economy and its businesses in the coming year. Full Article: https://lnkd.in/ge6YqpBE ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜ #信報 #澳洲會計師公會 #經濟 #貿易戰 Cyrus Cheung Karina Wong

【#新股市場】11月新股首掛平均升32%轉冷 IPO新制中籤率低 散戶認購更揀擇 Hong Kong IPO Momentum Cools in November as Average Debut Gain Drops to 32% 自港交所（00388）8月落實新的新股定價和分配制度後，新股市場連月來大開狂歡派對，但隨着大市氣氛轉差，新股表現亦暫告轉冷，首日掛牌平均回報率已由新制推行首月的升116%，縮至11月的漲32%。 有「新股女王」之稱的Vistra卓佳董事總經理兼IPO及過戶處總監鍾絳虹指出，11月開始看到新股出現破底，主要涉及部分工業股及材料股，首日回報率也開始下跌，顯示短期炒作降溫。她稱，新制下散戶的中籤率極低，他們因此轉為「選擇性打新（抽新股）」，高科技及人工智能（AI）相關新股仍受熱捧，儘管散戶熱情有所降溫，惟未完全消退。 Hong Kong’s IPO market, which had been on an extended winning streak following the implementation of the exchange’s revamped pricing and allocation regime in August, has begun to lose momentum. As broader market sentiment weakens, first-day gains for newly listed shares have moderated sharply: the average debut return in November slipped to 32 per cent, down from 116 per cent in the first month after the new rules took effect. Pamela鍾絳虹 CHUNG , Managing Director and Head of IPO & ShareRegistry at VISTRA, said the market has started to see new listings break below offer price in November, particularly among industrial and materials companies. First-day performance has also softened, signalling that short-term speculative trading is cooling. Chung noted that under the new regime, retail investors face exceptionally low allotment ratios, prompting them to become more selective when subscribing to new offerings. High-tech and artificial-intelligence-related IPOs remain in strong demand. Although enthusiasm among retail investors has eased, she added, it has by no means disappeared. Full Article: https://lnkd.in/gbSNzcGy ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜ #信報 #港股 #上市 #新股

【#投資趨勢】施羅德：明年衰退風險仍低 2026年看好九類資產 Schroders: Recession risk remains low next year, nine asset classes favoured for 2026 施羅德投資亞洲區多元資產投資主管近藤敬子（Keiko Kondo）表示，美國勞動市場正處於「低裁員、低招聘」狀態，顯示就業狀況穩定，實質工資增長依然穩固。家庭住戶有能力維持消費，可望帶動企業盈利和經濟增長，相信美國經濟仍強韌，明年出現經濟衰退的風險仍偏低，但關稅帶來的通脹風險令人擔憂。 近藤敬子最近發表「2026年十大投資市場預測」，強調在日益複雜的市場環境中，跨資產類別的多元化配置及應用靈活，主動型的投資方式至關重要。 Keiko Kondo, Head of Multi-Asset Investments, Asia at Schroders, said the US labour market is currently in a “low layoff, low hiring” phase, indicating overall employment stability. Real wage growth remains firm, enabling households to sustain consumption. This, she noted, should continue to support corporate earnings and economic expansion. Kondo believes the US economy remains resilient and that the likelihood of a recession next year is still relatively low, though she warned that tariff-driven inflation pressures pose a concern. Kondo recently released Top Ten Investment Market Predictions for 2026, emphasising that in an increasingly complex market environment, diversified cross-asset allocation and agile, actively managed strategies will be essential. Full Article: https://lnkd.in/g_FV44FZ ｜Be sure to follow Hong Kong Economic Journal｜ ｜Inspiring Leadership Through Real Stories｜ #信報 #施羅德 #投資策略 #資產