Category: 24/7 News

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Property Market – Strongest February in over a decade signals property market momentum

Source: Brainchild for RealEstate.co.nz

  • Nationally, listings rose 7.8% year-on-year while total stock grew just 1.8%, indicating homes are selling through rather than accumulating
  • Over 12,200 new listings hit the market in February 2026, more than in any other month of February since 2013
  • Southland records all-time average asking price high of $584,768

The property market is showing signs of turning, according to new data from realestate.co.nz.

New listings surged 7.8% year-on-year in February to 12,252, the highest level for February since 2013, while total housing stock rose by just 1.8%. The slower growth in overall stock compared to new listings suggests properties are being sold through rather than accumulating.

Month to date, the number residential property seekers on realestate.co.nz are also up year-on-year, pointing to increased buyer confidence. Sales data from the Real Estate Institute of New Zealand (REINZ) also supports a moving market, with the strongest sales to start to a year since the 2022 market peak*.

Sarah Wood, CEO of realestate.co.nz, says February’s figures show sellers aren’t sitting on the sidelines anymore.

“When new listings rise faster than total stock, it tells us homes are being sold through rather than sitting on the market. That’s an early sign that activity is lifting and sellers are feeling more confident about listing. It’s early days, the OCR didn’t change last week, and we need to remember it’s an election year, but we are seeing momentum, which is what we had hoped to see in 2026.”

Contributing to the surge in new listings were four regions which recorded year-on-year growth of more than 20%:

  • Central North Island recorded a 25.0% year-on-year increase to 160 new listings
  • Taranaki experienced a 22.3% year-on-year increase to 280 new listings
  • Marlborough recorded a 21.1% year-on-year increase to 15 new listings
  • Manawatu/Whanganui reported a 20.9% year-on-year increase to 549 new listings.

Southland was the only region to record a double-digit year-on-year decline in February, down 13.9% to 217 new listings.

What’s happening to average asking prices in the regions?
The national average asking price remained steady in February, up just 1.4% year-on-year to $861,180. However, more movement was felt in the regions.

Southland recorded a new all-time average asking price high of $584,768, a 10.6% increase on February 2025. It was one of four regions to record a February high: Central North Island saw the biggest year-on-year increase, up 15.3% to $868,057; Central Otago/Lakes District was up 12.1% year-on-year to $1,613,298, and Canterbury, despite only increasing its average asking price by 3% year-on-year, recorded a February high of $738,385.

Northland’s average asking price dropped out of the $800k bracket for the first time since June 2025, to $799,879. While Waikato tipped back into the $800,000 bracket for the first time in a year, increasing a marginal 0.8% year-on-year.

Wood says price stability at a national level provides reassurance, but the regional variation shows signs of renewed confidence around the country.

“Areas like Southland and Central North Island, which have recorded all time February and overall highs, contrast with Northland, which has declined. Movement like this reinforces the notion that property is a local market.

Do current stock levels point to market activity?
National stock levels rose a modest 1.8% year-on-year to 36,357 in February 2026. However, stock is not increasing at the same pace as new listings, suggesting properties are being sold through rather than accumulating, and signalling strengthening market activity. Although not an all-time high, the last time total stock was over 36,000 in the month of February was in 2015.

Of our 19 regions, 13 saw single-digit growth, with Northland recording the largest year-on-year increase of 9.1%. No region recorded double-digit stock level growth.

However, three regions recorded double-digit, year-on-year stock declines in February:

Southland’s stock levels fell 21.4% to 522 (compared to 664 in February 2025). It is the region with the largest year-on-year drop for the eighth consecutive month.
Central Otago/Lakes District recorded a 15.6% year-on-year decline with 862 properties compared to the 1022 listed in February 2025.
Otago’s stock levels also fell 11.5% to 1041, down from 1176 in February 2026.

Wood says February’s data points to a market beginning to shift.

“If this continues, we could see conditions become more competitive.  Confidence is rebuilding gradually, and while external factors like interest rates and the election will influence sentiment, we can expect to see more activity in the market throughout the year.”

About realestate.co.nz | New Zealand’s Best Small Workplace (2025)

We’ve been helping people buy, sell, or rent property since 1996. Established before Google, realestate.co.nz is New Zealand’s longest-standing property website and the official website of the real estate industry. In 2025, realestate.co.nz was crowned Best Small/Micro Workplace in New Zealand by Great Place to Work.

Dedicated only to property, our mission is to empower people with a property search tool they can use to find the life they want to live. With residential, lifestyle, rural and commercial property listings, realestate.co.nz is the place to start for those looking to buy or sell property.

Want more property insights?

Market insights: Search by suburb to see median sale prices, popular property types and trends over time.
Sold properties: Switch your search to sold to see the last 12 months of sales and prices.
Valuations: Get a gauge on property prices by browsing sold residential properties, with the latest sale prices and an estimated value in the current market.

Glossary of terms:

Average asking price (AAP) is neither a valuation nor the sale price. It is an indication of current market sentiment. Statistically, asking prices tend to correlate closely with the sales prices recorded in future months when those properties are sold. As it looks at different data, average asking prices may differ from recorded sales data released simultaneously.

New listings are a record of all the new residential dwellings listed for sale on realestate.co.nz for the relevant calendar month. The site reflects 97% of all properties listed through licensed real estate agents and major developers in New Zealand. This description gives a representative view of the New Zealand property market.

Stock is the total number of residential dwellings that are for sale on realestate.co.nz on the penultimate day of the month.

Rate of sale is a measure of how long it would take, theoretically, to sell the current stock at current average rates of sale if no new properties were to be listed for sale. It provides a measure of the rate of turnover in the market.

Seasonal adjustment is a method realestate.co.nz uses to represent better the core underlying trend of the property market in New Zealand. This is done using methodology from the New Zealand Institute of

Economic Research.

Truncated mean is the method realestate.co.nz uses to supply statistically relevant asking prices. The top and bottom 10% of listings in each area are removed before the average is calculated to prevent exceptional listings from providing false impressions.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/property-market-strongest-february-in-over-a-decade-signals-property-market-momentum/

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Operation Chrome takes the shine off dangerous driving

Source: New Zealand Police

Canterbury Police arrested drivers, impounded vehicles and issued infringement notices over the weekend as they moved to detect, deter and disrupt anti‑social road user activity.

With several large events drawing crowds to Christchurch, including Electric Avenue and a popular motorsport Chrome Expression Session for car enthusiasts, Police were prepared for the influx of visitors and acted early to keep roads and people safe.

Sergeant Ben Rutherford said the Operation Chrome team included bailiffs and was deliberately proactive. Broadly speaking his team was pleased with the weekend.

“We know unroadworthy vehicles and risky behaviour often go hand in hand with potential disruption and harm,” he said. “By taking illegally modified vehicles and dangerous behaviour off the road early we reduced the chance of trouble.” 

He said the significant number of people leaving Hagley Park after the music festival added to the road policing workload. 

“With more than forty thousand people spilling onto the streets, we worked hard to keep the city safe. 

“One example from Friday night was a guy who did a wheelie off a red light past a crowd of people. 

“Stunts can go badly wrong with disastrous consequences, especially right in the middle of a crowd. 

“That motorbike was taken off the road immediately.” 

Over the weekend Police monitored traffic circulating throughout Christchurch and ran multiple checkpoints targeting unsafe vehicles, licence breaches and alcohol‑related offending. 

On Saturday night, more than 300 cars gathered in Northwood for a pre‑planned ‘cruise’ planned by Chrome Event organisers. 

“Despite slowing traffic flow the drivers were generally well behaved and it was great to see the vehicles on display,” Sergeant Rutherford said. 

The convoy travelled to Halswell with a brief stop in Ferrymead. 

“The organisers were excellent. Their communication helped ensure everything stayed lawful and disruption was kept to a minimum.” 

However, Sergeant Rutherford said Police still had to step in at times. 

“As the weekend wore on, there were groups who needed reminding that dangerous vehicles and behaviour won’t be tolerated. We broke up gatherings, removed unsafe vehicles, issued infringements and intervened early. 

“Police frequently see how tragedies can play out so we’re equipped and trained to manage safety risks, and we try to prevent something terrible happening. 

“We don’t tolerate excessive noise, disruption, intimidation, street racing or unnecessary speed on our roads. 

“It’s simple, we just want a fun and safe weekend for Christchurch visitors and residents.”

Provisional summary from the operation: 

  • Twelve vehicles taken off our roads.
  • Six drivers gave excess breath‑alcohol readings. 
  • Vehicle compliance: eight vehicles were green‑stickered as unsafe.
  • Issued over 200 infringement notices.

Police thank all those who reported concerns and encourage anyone with information on illegal or unsafe activity to make a report through the 105 service.

If you have information you’d like to share anonymously, call Crime Stoppers on 0800 555 111.

Note for media:

Additional B-roll footage is available below.

ENDS

Issued by Police Media Team

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/operation-chrome-takes-the-shine-off-dangerous-driving/

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Advocacy – Peace Vigil – No NZ support for US/Israeli war on Iran

Source: Peace Action Wellington

Date: Sunday 1 March 2026 – Peace Action Wellington is calling a peace vigil on Monday, 2 March at 5:30pm meeting at the Cenotaph on the corner of Lambton Quay and Bowen Street. All people who oppose war are welcome.

Peace Action Wellington condemns the illegal war launched by the US and Israel. There is no justification for so-called “pre-emptive” war. This is an aggressive war: there was no threat to the US or Israel. There is no material difference between this and the Russian invasion of Ukraine.

The crimes of the Iranian government against its own people are enormous, including the slaughter of thousands of its young people, but that provides no basis for war. Moreover, this is not even the justification the US and Israel have given for their war and will simply result in the killing of more ordinary Iranian people.

That the US and Israel started the war when discussions and negotiations were ongoing shows there is no good faith on their part – just a determination to install a regime that is friendly to their interests.

It is imperative that the New Zealand government is clear that it does not support this war. No NZDF or intelligence assistance should be given to the US or Israel. It is likely that the NZ Navy frigate Te Kaha is in the region, along with troops deployed to missions around the Middle East. All of these forces should be withdrawn, along with all GCSB intelligence analysts based with US forces.

Already hundreds of people have been murdered from US bombs inside Iran including a school full of children. Regime change by the US will cause untold suffering to the Iranian people and has every likelihood of escalating to a world war, pulling in the Russians and Chinese on the side of the Iranian government.

Peace Action Wellington strongly supports the right of the people inside Iran to free themselves from their own government. We do not support foreign interference in the politics of Iran or any state. The US and UK have a long history of intervention in Iran – and this war must be viewed within the context of that existing history.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/advocacy-peace-vigil-no-nz-support-for-us-israeli-war-on-iran/

Posted on

Search underway for missing kayaker, Waiwera

Source: New Zealand Police

A search and rescue operation is underway this morning after reports of a kayaker missing in the water near Waiwera.

Emergency services were called to the incident about 7.35am, after the kayaker had been seen coming out of their vessel and not resurfacing.

Police immediately deployed, including the Maritime Unit aboard Deodar and Police Eagle, as well as members from Surf Lifesaving New Zealand and volunteers from Hibiscus Coastguard.

Sadly, the man has not yet been located.

A Police Search and Rescue team will deploy to the area this afternoon to conduct a shoreline search at low tide.

The community should expect to see emergency services staff operating in the ara.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/search-underway-for-missing-kayaker-waiwera/

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KiwiSaver breakthrough for young farmers – Federated Farmers

Source: Federated Farmers

Federated Farmers is celebrating a major win for young farmers, with the Government finally allowing them to use their KiwiSaver funds to buy their first home or farm.
“Young Kiwi farmers have been incredibly frustrated that they haven’t been able to access their KiwiSaver to help get a foot on the property ladder,” Federated Farmers dairy chair Karl Dean says.
“This change announced by the Government today – removing those barriers – is a huge step forward for the next generation of farmers.
“We’re immensely proud to have led the charge on this issue, advocating for a change to the KiwiSaver rules for three long years.”
Finance Minister Nicola Willis and Commerce and Consumer Affairs Minister Scott Simpson announced today that they will be making a technical change to the KiwiSaver Act.
It means farm staff in service tenancies (living on farm) will soon be able to use KiwiSaver to purchase a house without immediately moving in.
“Until now, you could only use your KiwiSaver to purchase a house you’ll live in,” Dean says.
“That’s unfair because farm staff, along with the likes of rural teachers and rural police, haven’t been able to get on the property ladder, all because they live remotely and in employer-provided accommodation.
“They’ve been denied the same opportunity as their urban counterparts.
“This change means young rural workers can finally access their savings to secure financial security and begin building equity, even if they keep living in accommodation provided by their employer.
“It’s a massive result and I know there’ll be many young farmers out there celebrating right now.”
The Government’s changes will also allow first-time farm buyers to use their KiwiSaver balances when buying through a commercial entity they majority own, provided it will be their principal place of residence.
Dean says the impact of this can’t be overstated, highlighting the challenges young farmers face in buying a farm.
“So many young farmers have worked hard to save a decent deposit but just aren’t able to get the bank’s backing to invest in their first farm.
“Letting those farmers use their KiwiSaver will be an enormous help in pulling together a larger deposit.
“It will put them in a stronger financial position with their initial equity, but they’ll also have less debt – which means they’d be paying less interest too.
“All of that gives our next generation of farmers a better chance of building wealth and putting themselves in a good position come retirement.”
Getting the KiwiSaver rules amended has been a key priority for Federated Farmers, forming part of its 12-point policy agenda for the incoming Government back in 2023.
The National Party committed to making the change, announcing so on the eve of the 2023 election.
“It’s taken them a long time to deliver on that promise, and we’ve made sure to keep reminding them about it,” Dean says.
“We’re grateful the Government has finally come through for farmers.”
One young farmer celebrating the news is Waikato sharemilker Danielle Hovmand, who has challenged the Government several times to deliver on its 2023 campaign commitment.
“Talking with young farmers across the country, their most-asked question is: ‘When are we going to be able to use our KiwiSaver to better ourselves now, rather than having to wait until we retire – just because we’re farmers’.
“I’m very pleased to hear the Government are finally changing the rules to make that possible.
“Many young people’s goal is to buy their first home and get on the property ladder, so it’s refreshing to see farmers will be able achieve this too.”
Hovmand says this will open doors for young farmers to use their hard-earned savings towards something that can have a huge impact on their financial position.
“Hopefully, in years to come we’ll see the flow-on effects of more young people being able to purchase their own herds and then achieving farm ownership earlier.
“I think this will have a huge impact on farmers across the country and will continue to help strengthen the agriculture industry for many years to come.”
Legislation giving effect to the changes will be introduced to Parliament in the middle of the year. 

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/kiwisaver-breakthrough-for-young-farmers-federated-farmers/

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Unilateral attack on Iran must be condemned

Source: Green Party

“Trump and Netanyahu’s unilateral attack on Iran must be condemned as an illegal and unprovoked act against the people of the region and any genuine pathway to peace” Green Party Co-Leader Marama Davidson says.

“This latest escalation in aggression is part of a decades’ long pattern of behaviour of the US dragging the region into more wars, violence, and bloodshed. 

“The wider region has immediately been drawn into this violence, with hundreds reported dead in only a single day. The idea that it’s okay to bomb other countries because you don’t like their leader is reprehensible. 

“The Prime Minister Luxon’s failure to condemn Trump’s illegal actions again demonstrates his lack of leadership or moral courage, and willingness to act against New Zealander’s values.  

“New Zealander’s deserve better than this. Our voice is powerful on the international stage. The Green Party urges Luxon’s Government to condemn illegal warmongering, and unreservedly advocate for diplomacy, international law, and peace for the Iranian people.” 

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/unilateral-attack-on-iran-must-be-condemned/

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Information sought on serious assault, Matangi

Source: New Zealand Police

Police investigating a serious assault in Matangi are asking the public for help in identifying the offenders.

Two people were trying to speak to the occupants in a dark-coloured Ford Falcon last night that were doing noisy burnouts in the semi-rural area. Three occupants got out and assaulted the victims.

The victims have sustained serious injuries, requiring hospital treatment.

This was a cowardly attack, and Police urge members of the public that recognise these people to get in touch now.

If you witnessed the incident, have CCTV footage or dashcam footage of Marychurch Road around 8pm last night, then please contact Police.

Anyone that has information on the people pictured or details of a dark-coloured Ford Falcon should contact 105 either over phone or online by clicking ‘Update Report’. Please use file number 260301/0526. 

You can also provide information anonymously through Crime Stoppers on 0800 555 111.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/information-sought-on-serious-assault-matangi/

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KiwiSaver adjustment to help rural workers

Source: New Zealand Government

The Government is removing the barriers that prevent many farm and other rural workers from using their KiwiSaver accounts to buy their first homes, Finance Minister Nicola Willis and Commerce and Consumer Affairs Minister Scott Simpson announced today.

Since 2010, Kiwis have been able to withdraw from their KiwiSaver accounts to assist with the purchase of a first home so long as they live in the homes they buy.

“However, workers in service tenancies, such as farm workers, rural teachers, country cops, and defence personnel, have effectively been locked out of first home withdrawal because their jobs require them to live in employer-provided housing,” Nicola Willis says. 

“That’s not fair, so we’re making a technical change to the KiwiSaver Act to ensure workers in service tenancies aren’t denied the opportunity to put a foot on the property ladder.   

“The change will allow service tenancy workers to use their KiwiSaver for a first home purchase without having to live in it.”

Scott Simpson says the Act will also be changed to allow first-time farm buyers to put their KiwiSaver balances towards the purchase of a farm through a commercial entity they majority own, where it will be their principal place of residence.

KiwiSaver rules currently allow the purchase of a farm under a KiwiSaver member’s name (so long as they intend to live on it) – however, in practice, most farms are purchased through a company or trust.

“This reflects the commercial reality of modern farm ownership,” Mr Simpson says.

“Most farms are purchased through companies or trusts. Until now, that has prevented aspiring farmers from accessing KiwiSaver in the same way as someone buying a house in town.”

“The reforms deliver on the Government’s commitment to back rural New Zealand and remove unnecessary barriers.

“These are targeted, practical changes that maintain KiwiSaver’s core purpose while making the scheme fairer for rural communities,” Mr Simpson says.

Legislation giving effect to the changes will be introduced to Parliament in the middle of the year. The changes were sparked by a Member’s Bill in the name of Rangitīkei MP Suze Redmayne.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/kiwisaver-adjustment-to-help-rural-workers/

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Police pleased with safe and fun Electric Avenue crowd

Source: New Zealand Police

Christchurch Police on safety patrol around the Electric Avenue concerts on Friday and Saturday are pleased with the behaviour of the event attendees.

An estimated 43,000 strong crowd headed to the concert each night, many coming from out-of-town.

Operational Commander Senior Sergeant Karen Simmons and her large team worked alongside 440 security personnel to ensure the safety of the public at the two-night concert.

“We did have some issues on Friday with individuals preloading on alcohol and arriving intoxicated to the venue.

“Drunk and disorderly behaviour in Riccarton and the suburbs around the university were problematic and took valuable staffing resources away from where they were most required.

“It was a much better result on Saturday and the crowd overall was well behaved. My team enjoyed the positive interactions with the partying public who were in great spirits.

“A small number of arrests were made, and minor disorder was reported.

“Team Events and Live Nation have run another successful festival this year that was much bigger than previous years. We are lucky to have this very cool event in Christchurch,” said Senior Sergeant Simmons.

Police encourage everyone to plan ahead when to heading out to enjoy events. Drink responsibly, look after one another, and have a sober ride home sorted.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/police-pleased-with-safe-and-fun-electric-avenue-crowd/

Posted on

NZ Government Statement on Iran

Source: New Zealand Government

New Zealand has consistently condemned Iran’s nuclear programme, its destabilising activities in the region and elsewhere, and its repression of its own people. 

Iran has, for decades, defied the will and expectations of the international community. The legitimacy of a government rests on the support of its people. The Iranian regime has long since lost that support.

In this context, we acknowledge that the actions taken overnight by the US and Israel were designed to prevent Iran from continuing to threaten international peace and security.  

We condemn in the strongest terms Iran’s indiscriminate retaliatory attacks on Qatar, the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, and Jordan.  We cannot risk further regional escalation, and civilian life must be protected.   

We join the international community in hoping this crisis ends as quickly as possible.

We call for a resumption of negotiations and adherence to international law – and we urge the Iranian leadership to seek a negotiated solution that returns Iran to the community of nations. 

Our thoughts go out to all those affected by the conflict, and to the New Zealand families who are understandably worried about their loved ones in the region. 

We recognise too the courage of the Iranian people who have taken to the streets in recent weeks to demand change, only to be met by violence and murder.  The Iranian people must be allowed to determine their future.

New Zealand Embassies in the region are closely monitoring the situation and will continue to provide support to New Zealanders.  The Ministry of Foreign Affairs and Trade advises New Zealanders in the region to shelter in place.  New Zealanders should follow the advice of local authorities and register on SafeTravel. 

New Zealanders requiring urgent consular assistance should call the New Zealand 24/7 Consular Emergency Line on +64 99 20 20 20.

MIL OSI

LiveNews: https://livenews.co.nz/2026/03/01/nz-government-statement-on-iran/

Posted on

Expanded NICU to support more babies in Christchurch

Source: New Zealand Government

A $13.9 million investment to upgrade and expand the Neonatal Intensive Care Unit at Christchurch Women’s Hospital will provide a significant boost to neonatal care services for families across Canterbury and the wider region, Health Minister Simeon Brown says.

“Every New Zealander deserves access to timely, quality healthcare, and that starts with supporting our most vulnerable patients – our newborns,” Mr Brown says.

“Christchurch’s NICU services have been under increasing pressure in recent years, with demand for care often exceeding available capacity. 

“This investment will reconfigure the existing space to increase the number of neonatal cots from 44 to 54, meaning more babies will be able to receive the specialised care they need close to home.

“In addition to increasing capacity, the upgrade will enhance infection prevention measures, a vital part of protecting newborns and giving families peace of mind. The redesign will also ensure the facility meets the latest fire and safety standards, creating a safer, more modern environment for both patients and staff.”

Preparations for the upgrade are already underway, with careful planning to ensure all NICU services continue operating safely on the hospital campus during construction. Work is scheduled to begin next year and is expected to take around nine months, with the upgraded unit expected to be fully operational in early 2027.

“Improving New Zealand’s health infrastructure is a top priority for the Government, and this investment will make a real difference for families across Canterbury. More cots, better facilities, and stronger infection control measures mean that newborns get the care they need when they need it most.

“Our health system must keep pace with the growing needs of our communities, and projects like this show our commitment to supporting families and delivering timely, quality care for all New Zealanders” Mr Brown says.

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/28/expanded-nicu-to-support-more-babies-in-christchurch/

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CUKTECH Officially Launches Its Online Store in Indonesia, Expanding Charging Technology Presence in Southeast Asia

Source: Media Outreach

JARKATA, INDONESIA – Media OutReach Newswire – 28 February 2026 – CUKTECH, a consumer electronics brand specializing in charging technologies, has officially launched its online store in Indonesia, further advancing its expansion strategy across Southeast Asia. The launch provides Indonesian consumers with a dedicated official channel to access CUKTECH’s charging products and related technical information.

CUKTECH focuses on the development of power and charging solutions, with a product portfolio that includes power banks, charging cables, wall chargers, and car chargers. Product development emphasizes charging efficiency, safety standards, and long-term reliability, addressing everyday usage scenarios involving smartphones, tablets, laptops, and other connected devices. The brand’s solutions are designed to support increasingly common multi-device lifestyles, including mobile work and frequent travel.

Prior to the launch of the official online store, CUKTECH operated in Indonesia mainly through third-party distribution channels, resulting in limited product availability. With the establishment of an official channel, the company is gradually introducing a more complete product lineup to the Indonesian market, aligning local availability with that of other Southeast Asian markets such as Vietnam, Malaysia, and the Philippines.

According to the company, the official online store serves as a centralized platform for presenting product specifications, technical features, and launch updates in a consistent manner. This approach is intended to improve transparency and accessibility for consumers while supporting a more structured, long-term market strategy in Indonesia.

Looking ahead, CUKTECH plans to continue expanding its product portfolio in Indonesia, introducing additional products to address evolving local usage needs. Future launches will focus on scenarios such as multi-device charging, mobile productivity, and daily commuting, reflecting changing consumer behavior.

This market-oriented approach aligns with CUKTECH’s brand philosophy, “In somewhere, For somewhere,” which emphasizes adapting products and solutions to the specific needs of each market rather than applying a uniform global model.

Updates on product launches, brand developments, and the official online store can be found through CUKTECH’s official social media channels on Instagram and TikTok:cuktech_id

https://www.tokopedia.com/cuktech-official-store

https://shopee.co.id/shop/1748675224

Hashtag: #CUKTECH

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/02/28/cuktech-officially-launches-its-online-store-in-indonesia-expanding-charging-technology-presence-in-southeast-asia/

Posted on

Serious assault, Lorne Street

Source: New Zealand Police

Attributable to Detective Senior Sergeant Ash Matthews:

One person has been arrested, and two people injured, after a serious assault on Lorne Street late last night.

Emergency services were called to the scene about 10.20pm.

One person reportedly sustained critical injuries, and is now stable. Another person received serious injuries. A knife was recovered at the scene.

A 65-year-old man was arrested at the scene by responding staff. He is due to appear in Auckland District Court today on two counts of wounding with intent to cause grievous bodily harm.

Cordons remain in place today, and a scene examination will be carried out.

ENDS

Issued by Police Media Centre

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/28/serious-assault-lorne-street/

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Harwoods roundabout completed

Source: New Zealand Government

Transport Minister Chris Bishop says a newly completed roundabout at the intersection of State Highway 5 (SH5) and State Highway 28–Harwoods Road east of Tīrau will significantly improve safety on a key regional route.

“The SH5/SH28 Harwoods Road intersection had a poor safety record and is part of a corridor that has seen far too many serious crashes. Completing this new three-leg roundabout is an important step in making this stretch of highway safer for everyone who uses it,” Mr Bishop says.

“SH5 is a critical route for locals, tourists, freight, and agricultural vehicles travelling between Waikato and the Bay of Plenty. Improving safety and efficiency on this corridor is essential, and I am pleased to see another project delivered that helps achieve that.

““Between 2014 and 2024, 18 people died and 64 were seriously injured on this stretch of highway.

“Construction of the $6 million roundabout began in August last year, and I am pleased to see it completed on budget and several weeks ahead of schedule. Traffic was flowing through the site today, with temporary speed restrictions lifted as works were cleared.

“This roundabout is one of several safety improvements being delivered along SH5 between Tīrau and Tārukenga Marae Road on the Rotorua side of the Mamaku Range. NZTA has also built a right‑turn bay at nearby Waimakariri Road, and funding has been allocated to complete the design for a similar roundabout at the SH5/SH28–Whites Road intersection. While construction funding for that project has not yet been confirmed, design work ensures it is ready to progress when funding allows.

“We are also making SH5 safer by widening sections of the road to allow the use of wide centrelines, which have proven to be very effective in reducing crashes. The first section east of Whites Road was completed this summer and will be extended to Harwoods Road as funding allows.

“In addition, a section of SH28–Whites Road south of the SH5 intersection is currently being rebuilt, and the intersection itself will receive a new asphalt surface.

“I also want to thank the local MP Tim van de Molen, and other community leaders for their continued strong advocacy for this important project.  

“Delivering practical safety improvements like this roundabout helps save lives and ensures the state highway network continues to support regional growth, tourism, and reliable freight connections. I am pleased to see this project completed and making a difference for road users.”

MIL OSI

LiveNews: https://livenews.co.nz/2026/02/28/harwoods-roundabout-completed/

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Green SM Launches All-Electric Taxi Service in Bali with Taksi Komotra

Source: Media Outreach

DENPASAR, BALI – Media OutReach Newswire – 27 February 2026 – Green SM has launched its operations in Bali through a strategic partnership with Taksi Komotra, introducing an all-electric taxi service to support the island’s sustainable tourism and urban mobility agenda. To celebrate the 238th anniversary of Denpasar City, Green SM is offering a limited-time 25 percent fare promotion, with discounts of up to IDR 238,000 per trip.

Green SM’s professional drivers are ready to provide high-quality, safe, and eco-friendly service.

Under the partnership structure, Green SM provides the technology platform, all-electric vehicle fleet, operational standards, and driver development system, while Taksi Komotra contributes its established local expertise and network across Bali. The collaboration integrates electric mobility technology with on-the-ground operational capabilities to deliver a scalable, governance-driven transportation model.

Operations in Bali are implemented under Green SM’s “5 Green Promises” service commitment framework. Established as a foundational operating standard since the company’s inception, the framework ensures that each ride delivers an excellent customer experience, professional drivers, high-quality and safe vehicles, fair and transparent pricing, and a meaningful contribution to environmental sustainability.

The service operates an all-electric fleet that produces no exhaust emissions or fuel combustion. All vehicles are maintained under strict technical and safety protocols to ensure consistent service performance while contributing to cleaner air and quieter urban environments.

A central pillar of the launch is the Green SM Driver ecosystem. Drivers are positioned as professional green mobility ambassadors guided by five core values: Respect, Professionalism, Dedication, Discipline, and Competitive Income with Stable Career Pathways. Structured training, transparent earnings mechanisms, and disciplined service governance aim to elevate driving into a respected profession while maintaining safety and reliability as foundational standards. This framework aligns income stability with environmental responsibility, reinforcing the role of drivers in supporting Bali’s sustainable tourism trajectory.

The launch comes amid rising mobility demand driven by tourism growth and daily transportation needs across the island. The Indonesia Tourism Outlook 2025 report notes a sustained shift toward environmentally responsible travel, underscoring the relevance of electric mobility in long-term development planning. According to projections from Indonesia’s National Development Planning Agency (Bappenas), green employment nationwide is expected to reach 4.8-5.3 million by 2029, reflecting the broader economic potential of sustainable industries.

Mr. Deny Tjia – Green SM Indonesia Managing Director (third from left), Mr H. Hasbi – Chairman of Komotra Taxi Bali (second from left), along with representatives from government agencies at the launch ceremony.

Mr. Deny Tjia, Managing Director of Green SM Indonesia, said: “The partnership with Taksi Komotra reflects our long-term commitment to building a high-quality, well-governed mobility ecosystem in Indonesia. By combining electric vehicles with professional driver development and clear operational standards, we aim to support Bali’s sustainable tourism ambitions while delivering safe, reliable, and comfortable rides for the community.”

H. Hasbi, Chairman of Koperasi Komotra, said: “We are proud to partner with Green SM to introduce electric taxis in Bali. Electric mobility will become part of the new standard for tourism and daily transportation on the island, and this collaboration helps us better serve local residents and visitors while preparing for the future of sustainable transport.”

The Bali launch marks another strategic milestone in Green SM’s expansion in Indonesia, following earlier operations in key markets including Jakarta, Makassar, Bekasi, and Surabaya. In these cities, the service has been positively received by local residents and international visitors alike, who value its clean electric fleet, professional drivers, and structured safety standards that enhance travel confidence.

With its growing presence across the country, Green SM continues to build a scalable electric mobility ecosystem that balances environmental responsibility, service excellence, and inclusive economic growth.

Hashtag: #GreenSM

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/02/28/green-sm-launches-all-electric-taxi-service-in-bali-with-taksi-komotra/

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Experiencing an Authentic Chinese New Year in Chinese Gardens Around the World

Source: Media Outreach

NANJING, CHINA – Media OutReach Newswire – 27 February 2026 – Since 1980, when the Metropolitan Museum of Art opened “Ming Xuan” modeled after Dianchun Yi of Suzhou’s Master of the Nets Garden, Suzhou gardens have taken root in more than 30 countries and regions. As the Chinese New Year arrives, these gardens have launched Spring Festival celebrations, sharing festive joy and cultural traditions with visitors from around the world.

Kunqu Performing Art in the Chinese Garden of Friendship in Sydney

On Feb. 6, the China Cultural Center in Budapest hosted the “Galloping into the Spring Festival in the Garden” event. Audiences marveled at Kung Fu tea performances, where tea masters skillfully poured water from long-spouted copper kettles in graceful arcs. Artisans demonstrated traditional sugar painting and dough figurine crafting, drawing crowds of curious children, while opera performers in elaborate costumes captivated visitors with refined singing and elegant movements.

Beginning Feb. 17, the Lan Su Chinese Garden in Portland launched a series of celebrations, including a ceremony to welcome the God of Wealth, a zodiac handover ceremony, lantern fairs, and dragon and lion dance performances. The garden was adorned with red lanterns and Spring Festival decorations, while Taohuawu woodblock New Year prints, silk scarves, and other cultural creative products were displayed throughout the venue. Interactive experiences such as lantern-making, Year of the Horse paper-cutting, and themed stamp-collecting sites invited visitors to take home New Year blessings.

In Vancouver, the Dr. Sun Yat-Sen Classical Chinese Garden — North America’s first full-scale classical Suzhou-style garden — marked its upcoming 40th anniversary in 2026 with festive events on Feb. 21 and 22. Gifts from its sister garden, the Humble Administrator’s Garden, added to the celebratory atmosphere. Activities included calligraphy workshops, sugar painting demonstrations, rice cake tastings, and lion dance performances, drawing local families and visitors alike.

Tourists experience the Kunqu Performing Art in the Chinese Garden of Friendship in Sydney

On Feb. 23, the Spring Festival event was also held at the Chinese Garden of Friendship in Sydney, which maintains close cooperation with the Humble Administrator’s Garden in garden conservation and cultural exchange. Kunqu opera artist Wang Yueli performed an excerpt from The Peony Pavilion and guided audience members in learning basic movements and gestures. Visitors also viewed documentaries highlighting Suzhou’s intangible cultural heritage and classical gardens, further appreciating the refined elegance of Jiangnan culture.

From Budapest to Portland, from Vancouver to Sydney, Spring Festival celebrations in Chinese gardens worldwide have integrated “gardens to be seen” “opera to be heard” and “cultural creations to be taken home.” Together, they present a vivid portrait of Suzhou culture, attracting tens of thousands of local residents and tourists to celebrate a Chinese New Year filled with Eastern charm.

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/02/28/experiencing-an-authentic-chinese-new-year-in-chinese-gardens-around-the-world/

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Wuxi, the Newest UNESCO City of Music, Charms Europe with 2026 Folk Tour

Source: Media Outreach

VIENNA, AUSTRIA – Media OutReach Newswire – 27 February 2026 – A high-level cultural delegation from Wuxi, China’s renowned “Home of Erhu,” has completed a landmark two-week musical tour across Belgium, Germany, Austria, and Hungary. Featuring an over 80-member ensemble from the Wuxi Cultural Exchange Group, the tour represents the city’s most significant international outreach since it was designated a UNESCO Creative City of Music in 2025.

Caption: A standing ovation for the Wuxi Cultural Exchange Group at the Elbphilharmonie Hamburg.

Launched on February 14, the “Chinese Folk Music Odyssey” featured seven major concerts alongside a series of academic and grassroots cultural exchanges. The tour served as a high-level dialogue between the traditional heritage of China’s Jiangnan region and the classical musical heartlands of Europe.

The tour opened at the Centre for Fine Arts in Brussels, where a capacity crowd of 2,000 experienced the vibrant Spring Festival Overture. The ensemble presented a “Chinese Music Feast,” using traditional instruments to paint an auditory “Jiangnan Scroll” of southern Chinese life. In a poignant finale, Chinese fiddles joined forces with local keyed violins to perform the classic Horse Racing. The fusion of Eastern and Western strings brought tears to the eyes of the Chinese diaspora and earned standing ovations from local attendees.

“The melodies possess both natural charm and profound cultural heritage,” noted Belgian music critic Philippe, following six curtain calls. “It is a truly borderless musical exchange.”

Beyond the concert halls, the group engaged with European pop culture in the heart of Brussels’ Comic Strip district. A “flash mob” titled Tintin’s Encounter with Jiangnan Music saw musicians performing alongside iconic murals of Tintin, engaging local youth and residents through social media-friendly cultural interaction.

Caption: Local residents experienced traditional Chinese instruments at the street event.

The journey continued through Germany’s elite venues, including Hamburg’s Elbphilharmonie and the Tonhalle Düsseldorf, showcasing the technical precision of Chinese folk orchestration. In the Austrian Tyrol, the tour took an improvisational turn as Wuxi musicians performed alongside local artists against the backdrop of the Alps, a live demonstration of the “beauty without borders”.

The tour concluded on February 26 in Vienna, where the ensemble hosted the “Dreamy Jiangnan” cultural salon at the Wiener Konzerthaus. The event paired musical performances with an interactive exhibition of Wuxi’s intangible cultural heritage, featuring traditional embroidery and clay figurines. The delegation also visited the University of Music and Performing Arts Vienna for the “Jiangnan Charm, Harmonious Resonance” China-Austria Music Exchange event. Through a series of academic dialogues with faculty and students, both sides engaged in a meaningful cultural encounter. These interactions went beyond simple performances, significantly deepening mutual understanding and strengthening the musical ties between East and West.

By integrating the “Voice of China” into the “World Symphony,” the Wuxi Cultural Exchange Group has opened a new chapter in Wuxi’s enduring musical engagement with the world.

Hashtag: #WuxiInformationOffice

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/02/28/wuxi-the-newest-unesco-city-of-music-charms-europe-with-2026-folk-tour/

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Huawei Debuts Cutting-Edge Innovations in Madrid with Focus on Running Watches

Source: Media Outreach

MADRID, SPAIN – Media OutReach Newswire – 27 February 2026 – Huawei unveiled its latest innovations at the “Now is Your Run” global product launch event in Madrid, Spain on February 26. The tech giant marked its return to professional running watches after a five-year hiatus with the debut of the all-new HUAWEI WATCH GT Runner 2. The event also showcased the HUAWEI WATCH Ultimate 2, HUAWEI Mate 80 Pro, HUAWEI MatePad Mini, HUAWEI FreeBuds Pro 5, and HUAWEI Band 11 Series. Two-time Olympic marathon champion Eliud Kipchoge was introduced as the global ambassador for HUAWEI WATCH GT Runner. “Running means much more than running fast,” said Kipchoge. “I believe that running is the most beautiful activity on every level. Together with Huawei, we can reach millions of runners around the world and hopefully impact their lives in a beautiful and positive way.”

HUAWEI WATCH GT Runner 2: Five Years of Accumulation, Redefining Professional Running Watches

HUAWEI WATCH GT Runner 2 is equipped with a new 3D floating antenna architecture, engineered to deliver unparalleled positioning precision. Equipped for the first time with an intelligent positioning algorithm, it continues to calculate the runner’s trajectory and distance even during signal interruptions, ensuring uninterrupted positioning. The new intelligent marathon mode offers one-stop race management, acting as a personal coach on your wrist throughout the journey. Not only does the HUAWEI WATCH GT Runner 2 help professional athletes boost their performance, but it also brings a smart and professional running experience to amateur runners. Eliud Kipchoge shared his experience of co-creating products with Huawei at the event, stating, “I am passionate to share my opinions and perspectives to improve the smartwatch experience not just for elite athletes but for runners all around the world.”

HUAWEI WATCH Ultimate 2 and HUAWEI Band 11 Series: Next-Level Fitness

At this event, Huawei unveiled a range of new wearable devices designed to deliver more professional and personalized fitness experiences for users. The HUAWEI WATCH Ultimate 2 debuted in a striking “Green” color, maintaining its top-tier capabilities for diving and outdoor adventures while introducing enhanced features specifically tailored for golf driving range and on-course play. This offers a more precise and intelligent high-end sports experience. Meanwhile, the HUAWEI Band 11 Series combines sleek design with practical functionality, featuring a larger and clearer display that ensures excellent visibility even under bright sunlight. Integrating health monitoring, activity tracking, and convenient features into one compact device, it serves as a reliable companion for users’ daily fitness needs.

HUAWEI Mate 80 Pro: Cutting-edge Flagship Setting New Benchmark in Mobile Experience

Huawei makes a grand return to the global market with its Mate Series, showcasing the company’s technological prowess. The HUAWEI Mate 80 Pro, representing Huawei’s cutting-edge innovation, features an upgraded True-to-Color Camera that ensures consistent color accuracy across various lighting conditions and mixed color temperatures. Its new Dual Space Ring Design, which blends classic elegance with modern aesthetics, earned widespread acclaim from attendees. With enhanced performance, 2nd Gen Kunlun Glass, and advanced AI capabilities, Huawei continues to deliver state-of-the-art technology and experiences, pushing smartphone experience to new heights.

Trendsetting Technology Unveiled for Ultimate Intelligence

Huawei unveils its first-ever Mini tablet, the HUAWEI MatePad Mini. Featuring a compact 8.8-inch body that’s slimmer and lighter than traditional tablets, it easily fits into pockets or handbags. Whether for reading documents, watching your favorite shows, or on-the-go creative work during business trips, this device is ready whenever you need it. It serves as an ideal digital companion for business professionals, avid readers, office workers, and academic researchers alike. The company also introduced the HUAWEI FreeBuds Pro 5 earbuds, the industry’s first wireless earbuds with dual-engine AI noise cancellation. Paired with a dual-drive acoustic system, they deliver exceptional noise reduction while preserving vocal and instrumental details, offering users an immersive live-listening experience.

Last year, Huawei introduced its brand proposition “Now is Yours”, aiming to establish genuine and close connections with global consumers through a more inclusive and youthful communication approach. At this “Now is Your Run” launch event, Huawei partnered with Eliud Kipchoge to promote running as a sport and advocate for a healthy lifestyle. Moving forward, Huawei will continue to promote fitness and health through technological innovation, using warm products and sincere communication to enable more people to enjoy a healthier and more vibrant life through technology.

Hashtag: #Huawei

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/02/28/huawei-debuts-cutting-edge-innovations-in-madrid-with-focus-on-running-watches/

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Infinix Announces K-pop Icon ITZY’s YUNA as Its First Global Brand Ambassador

Source: Media Outreach

YUNA Joins Forces with Infinix to Launch the NOTE 60 SERIES, Marking the Brand’s Bold Step into a New Era of Innovation and Style.

HONG KONG SAR – Media OutReach Newswire – 27 February 2026 – In a historic first, Infinix today announced K-pop girl group ITZY’s member, YUNA, as its first-ever Global Brand Ambassador, bringing her confidence, energy, and bold self-expression to global audiences.

The partnership reflects Infinix’s “Joy Tech, Beyond Limits” philosophy, reinforcing its commitment to empowering a new generation of users through creativity, individuality, and innovation. Coinciding with the global debut of Infinix’s annual flagship launch, the new NOTE 60 SERIES, the collaboration also signals a strategic step forward as the brand elevates its smartphone experiences for broader international users.

“I am so excited to reach out to my fans in a new way as Infinix’s Global Brand Ambassador. I’ve always believed that life should be filled with joy and the courage to show the world who you truly are. It’s been amazing to see how Infinix shares that same energy. I’m looking forward to this journey and can’t wait to show everyone the special stories we create together!” — YUNA, Global Brand Ambassador for Infinix.

Infinix Celebrates a Milestone with YUNA

As a young global K-pop icon, YUNA has risen to the top through discipline, self‑discovery, and fearless ambition. As the youngest member of ITZY, her vibrant confidence is her signature. Driven by an energetic passion, she inspires fans worldwide with her boundary-breaking spirit and continuous reinvention across music, acting, and beyond. These qualities align perfectly with Infinix’s commitment to flagship performance, refined aesthetics, and relentless innovation.

This partnership marks a strategic evolution for Infinix, elevating its appeal to the premium market. Together, Infinix and YUNA create a unified narrative that transcends hardware, positioning technology as a catalyst for joy and a powerful tool for self-expression. By integrating YUNA’s infectious energy with the NOTE 60 SERIES, Infinix is redefining its brand identity and empowering users worldwide, driving desirability among tech-savvy youth who demand both flagship-level sophistication and a platform for bold, joyful self-expression.

“Partnering with YUNA accelerates our mission to deliver a fun, cutting-edge mobile experience to young fans globally,” said TT Liu, CMO of Infinix Mobility. “Guided by the philosophy of Joy Tech, Infinix moves beyond talking about how advanced a phone is, to telling stories about how technology creates joy—when brands, users, and YUNA come together to illuminate every unique way of shining.”

Expanding into Global Premium Markets

This collaboration is strategically timed, launching alongside Infinix’s entry into the premium market and the global debut of its flagship NOTE 60 SERIES. This evolution is powered by a world-class ecosystem of industry leaders: Infinix’s first NOTE powered by Snapdragon from Qualcomm Technologies, Inc., Italian automotive and design legend Pininfarina for elegant aesthetics, and immersive SOUND BY JBL experience.

Together with YUNA, this partnership signals a transformative new chapter for Infinix—leveraging the NOTE 60 SERIES to inspire the generation of self-defined youth who prefer to express in their own unique way, and spread their voices to the world.

Amplifying Youthful Expression Through Joy Tech

With YUNA as Infinix’s global brand ambassador, Infinix NOTE 60 SERIES creates a deeper resonance with the youth by championing their pursuit of vibrant self-expression. This partnership transcends traditional technology, inviting a new generation to explore the boundless excitement of the “Joy Tech, Beyond Limits” philosophy.

Looking ahead, Infinix remains committed to advancing innovations that enable richer, more immersive experiences, while YUNA continues to inspire global audiences to embrace the joy, creativity, and limitless potential made possible through these breakthroughs.

Hashtag: #Infinix

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/02/28/infinix-announces-k-pop-icon-itzys-yuna-as-its-first-global-brand-ambassador/

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Enhancing Hong Kong’s strength as a global financial centre: 2026-27 Budget

Source: Media Outreach

HONG KONG SAR – Media OutReach Newswire – 27 February 2026 – In his 2026-27 Budget announced on Wednesday (25 February), Paul Chan, Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) outlined areas for comprehensively reinforcing the city’s position as a leading international financial hub.

Despite the complex and ever-changing external environment, Mr Chan noted that Hong Kong’s financial market had performed strongly and the city’s financial system remains robust.

HKSAR’s Financial Secretary, Paul Chan (second left), outlines areas for comprehensively reinforcing the city’s position as a leading international financial hub

In 2025, Hong Kong ranked first globally for funds raised through initial public offerings.

“We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the Greater Bay Area,” Mr Chan said. “By doing so, we will enhance Hong Kong’s role as an international financial centre on all fronts and contribute to the national strategic goal of ‘accelerating China’s development as a financial powerhouse’ “.

With Hong Kong being the world’s largest hub for offshore Renminbi (RMB) business, the Financial Secretary said the city would leverage its unique strengths and proactively align with national development strategies.

For advancing the internationalisation of the RMB, Mr Chan said Hong Kong would facilitate the wider use of RMB in activities such as trade and cross-boundary business; reduce transaction costs; enrich product offerings in the offshore RMB market; improve price discovery in the short-to-medium-term-interest-rate market; and attract high-quality issuers to increase RMB bond issuance in Hong Kong.

In 2025, the stock market delivered a stellar performance. The Hang Seng Index rose by 28 per cent over the year. The daily turnover surged by 90 per cent to a historic high of close to $250 billion (US$32 billion).

Mr Chan said the Hong Kong Exchanges and Clearing Limited (HKEX) would continue enhancing the securities market, attracting issuers and boosting market efficiency.

“We will also introduce the next stage of reforms, including enhancing the regulatory regime for listed companies, providing specific guidelines for overseas companies seeking secondary listing in Hong Kong, offering more overseas markets as recognised exchanges, and continuing to explore with the market the provision of an over-the-counter trading platform for delisted stocks or those requiring special handling.

“The electronic bond-trading platform will also be launched in the second half of this year, thereby reinforcing Hong Kong’s position as a global fixed income and currency hub,” he said.

To attract more family offices and funds to set up in Hong Kong, Mr Chan said Hong Kong would enhance the tax regime, including expanding the scope of “fund” to cover specific funds-of-one, as well as classifying digital assets, precious metals, and specified commodities, etc. as qualifying investments eligible for tax concessions.

Regarding the development of digital assets, the Government published the second policy statement for developing Hong Kong into a global hub for digital asset innovation through the establishment of a comprehensive regulatory framework.

A bill will be introduced this year to establish licensing regimes for, among others, digital asset dealing and custodian service providers.

“We will also explore the adoption of electronic signature for bond issuance documents and the digitalisation of bearer bonds,” Mr Chan said.

To promote the application of fintech and enhance the efficiency of the asset management market, the CMU OmniClear, a market infrastructure operator established by the Hong Kong Monetary Authority, will establish a digital asset platform this year. It will support the issuance and settlement of digital bonds. The platform will also be gradually extended to other digital assets and linked with other tokenisation platforms in the region, consolidating Hong Kong’s leading role in the realm of digital assets.

In order to build an international gold trading market in Hong Kong, Mr Chan said the Government would explore offering tax incentives for eligible institutions conducting gold trading and settlement in Hong Kong; assist the industry in setting up an industry-led trade association to consolidate resources, step up promotion, and foster ties with industry stakeholders from around the world; and help the industry keep abreast of the latest gold market developments, acquire relevant skills and develop a training framework.

https://www.brandhk.gov.hk/
https://www.linkedin.com/company/brand-hong-kong/
https://x.com/Brand_HK/
https://www.facebook.com/brandhk.isd
https://www.instagram.com/brandhongkong

Hashtag: #HongKong #BrandHongKong #Budget #International #Financial #Hub

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

LiveNews: https://livenews.co.nz/2026/02/27/enhancing-hong-kongs-strength-as-a-global-financial-centre-2026-27-budget/