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25.06.26 - 09:12
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Hang Seng Index briefly slips below 23,000 as Alibaba leads tech sell-off (SCMP)
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Hong Kong stocks fell, briefly driving the benchmark below the 23,000-point mark for the first time in a year, as technology companies led the decline
The Hang Seng Index slid by as much as 1.8 per cent to 22,992.62. If the decline is sustained, the benchmark would close below the threshold of 23,000 for the first time since June last year. It recently traded at 23,024.69 as of 3:03pm local time.
On the mainland, the CSI 300 Index closed up 1.56 per cent.
Alibaba Group Holding slumped 4.2 per......
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25.06.26 - 09:00
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Chinese PCB equipment maker CFMEE tops 1,000-times oversubscription in Hong Kong IPO (SCMP)
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Circuit Fabology Microelectronics Equipment (CFMEE), a Chinese lithography and integrated-circuit manufacturer, has seen massive oversubscription in Hong Kong, as investors aggressively chase high-growth technology themes.
The company, based in Hefei, Anhui province, is scheduled to debut on Friday and saw its initial public offering oversubscribed 1,009 times, according to industry sources. It is priced at the top end at HK$252.73 (US$32.23) per share, as the market eagerly watches its......
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25.06.26 - 05:30
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A tale of two cities: can Shanghai challenge Hong Kong′s offshore finance crown? (SCMP)
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Hong Kong has been seizing every opportunity to consolidate its role as a global financial centre, leveraging unique advantages and national strategies. In the first piece of our miniseries focusing on the city's financial industry ahead of the handover anniversary, we examine what Shanghai's rapid development of offshore markets means to Hong Kong.
Beijing's latest push to strengthen Shanghai's offshore financial capabilities is prompting fresh questions about whether Hong Kong's long-standing......
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25.06.26 - 04:00
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Southbound Stock Connect flows surge to record US$152b driven by Hong Kong′s IPO revival (SCMP)
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Southbound Stock Connect flows, through which mainland Chinese investors buy Hong Kong listed shares, hit a record high in the past year, reflecting strong confidence in the city's market on the back of a booming pipeline of initial public offerings (IPO).
In the 12 months to March this year, mainland investors snapped up HK$1.19 trillion (US$151.8 billion) worth of shares in Hong Kong, according to the Securities and Futures Commission's (SFC) annual report published on Wednesday.
Average daily......
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25.06.26 - 02:06
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Hong Kong prime office vacancy hits 7-month low on Central spillover demand (SCMP)
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Hong Kong's overall prime office vacancy rate fell to a seven-month low in May, driven by spillover demand from Central, where premium offices were close to full occupancy, according to JLL.
With Central's grade A office vacancy rate holding steady at 9.2 per cent, tenants appeared to have found their way to neighbouring Wan Chai and Causeway Bay. Vacancy there edged down to 9.8 per cent in May from 10.4 per cent in April, the lowest in 10 months, the property consultancy said in its latest......
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24.06.26 - 12:00
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Mainland Chinese mining executive buys Hong Kong trophy home at US$28m receivership sale (SCMP)
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The president of a Shanghai-listed mining company has been identified as the buyer of a luxury house in Hong Kong's Stanley district, paying HK$220 million (US$28 million) for a receiver-owned property, as lenders accelerate the disposal of distressed assets and wealthy mainland Chinese buyers return to the market.
Land Registry records showed a house at 33 Tung Tau Wan Road changed hands on June 1, with the purchaser registered as Permanence International Hong Kong. Company Registry filings......
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24.06.26 - 11:06
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Hong Kong readies offshore yuan initiatives after Shanghai move (SCMP)
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Hong Kong's finance chief says the city is planning new measures to boost offshore yuan trading, days after mainland Chinese authorities took steps to spur such trading in Shanghai.
The initiatives will be announced next month, Financial Secretary Paul Chan Mo-po said in an interview with the South China Morning Post published on Monday. He declined to elaborate on the new measures.
Hong Kong also wants to see more companies offering yuan-denominated shares on the city's stock exchange, Chan......
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24.06.26 - 09:36
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Apple supplier Luxshare Precision Industry passes hearing for Hong Kong listing (SCMP)
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Luxshare Precision Industry, a key player in Apple's AirPods and iPhone supply chains, passed a listing hearing for the Hong Kong Stock Exchange (HKEX), joining a wave of mainland Chinese technology manufacturing giants seeking diversified capital in the city.
The Shenzhen-listed firm cleared the regulatory hurdle for a Hong Kong listing on Tuesday, days after receiving a greenlight from the China Securities Regulatory Commission for the offshore plan.
The deal counts Citic Securities, Goldman......
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24.06.26 - 05:01
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AirPods Maker Luxshare Gauges Interest for $3 Billion Hong Kong Listing (Bloomberg)
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Electronics manufacturer Luxshare Precision Industry Co. has started gauging interest for a Hong Kong listing that may raise about $3 billion, according to people familiar with the matter who asked not to be identified to discuss a private matter, moving toward what could be one of the city's biggest deals this year....
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24.06.26 - 03:54
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Hong Kong stocks rebound, in contrast to overnight sell-offs in US (SCMP)
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Hong Kong stocks rebounded on Wednesday, bucking an overnight rout in US stocks spurred by jitters about frothy technology company valuations and an unwinding of leveraged bets on South Korean chipmakers.
The Hang Seng Index rose 0.6 per cent to 23,482.58 by 9.33am. The Hang Seng Tech Index gained 1 per cent. Mainland China's CSI 300 Index slipped 0.1 per cent.
US stocks tumbled overnight, battered by sell-offs in technology stocks on growing concerns about the rapid pace of share price rises......
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24.06.26 - 02:06
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Creditors in aggressive push to sell 2 Hong Kong hotels amid banks′ drive to cut losses (SCMP)
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Receivers and agents of the Sheraton Hong Kong Tung Chung Hotel and the Four Points by Sheraton have expressed confidence in finally finding a buyer for the dual-branded complex – which together make up Hong Kong's third-largest hotel by room numbers – as creditors move to dispose of the asset.
Sole agent Savills is holding a formal tender that is expected to close on August 31 for the 1,219-room property on Lantau Island, near the Tung Chung MTR station and the Hong Kong International......
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