TAXATION - Movement of Valuation Allowance (Details) - HKD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Movement of Valuation Allowance | |||
| Balance at beginning of the year | $ 352,716 | $ 188,205 | $ 122,624 |
| Additions | 92,233 | 209,900 | 77,016 |
| Reversals | (39,064) | (45,389) | (11,435) |
| Balance at end of the year | $ 405,885 | $ 352,716 | $ 188,205 |