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08.07.26 - 14:36
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Alibaba shares spike 12% in Hong Kong as T-Head chips, AI revenue fuel earnings optimism (SCMP)
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Shares of Alibaba Group Holding surged to a high of 13.8 per cent in Hong Kong on Wednesday as equity analysts expect revenue to reaccelerate in the June quarter, driven by growing demand for artificial intelligence and narrowing losses in food delivery.
The gain, the strongest this year, came before the company closed up 12.2 per cent at HK$107.5 (US$13.71). Rivals Tencent Holdings and Meituan saw their shares grow 3.8 and 3.3 per cent, respectively, while the Hang Seng Tech Index increased by......
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08.07.26 - 12:06
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Hong Kong IPO debut delayed in rare move over missing regulatory data (SCMP)
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Hong Kong witnessed a rare delay of an initial public offering (IPO) debut on Wednesday, the first in more than eight months, triggered by a regulatory requirement for additional client information, according to people familiar with the matter.
On Tuesday night, just before its scheduled listing on Wednesday, DKE Holding Company postponed its IPO ceremony after it failed to provide investors with an offer price and results of its bookbuilding.
The maker of e-paper display modules said more time......
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08.07.26 - 11:12
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China further boosts Hong Kong′s role as offshore yuan hub (SCMP)
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China's central bank announced more measures to expand Hong Kong's role as an offshore yuan hub, injecting “vitality” into the city's markets and supporting efforts to grow international use of the currency.
Institutions in mainland China would be able to buy a net 800 billion yuan (US$118 billion) of offshore bonds each year via the Southbound Bond Connect scheme, an increase of 60 per cent, People's Bank of China (PBOC) Governor Pan Gongsheng said on Tuesday. The scope of eligible products......
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08.07.26 - 09:06
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Mainland Chinese tech firms find more than just deep capital pools in Hong Kong (SCMP)
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Mainland Chinese technology companies newly listed in Hong Kong are deepening their engagement with the city, tapping not only its capital markets but also its global connectivity to refine products, forge international partnerships and expand overseas, according to executives.
For Beijing-based service robot maker Yunji Technology, Hong Kong has become a key gateway to global markets since its listing in the city in October.
“If we use one word to describe what Hong Kong offers for us, that......
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08.07.26 - 06:42
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Hong Kong stocks rebound as concerns ease over lock-up expiries (SCMP)
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Hong Kong stocks rebounded on Wednesday as concerns over a wave of lock-up expiries, long seen as a major headwind for the city's equities, showed early signs of easing, while continued strength in technology stocks lifted broader market sentiment.
The Hang Seng Index rose 2.4 per cent to 24,057 at the noon break, with technology shares leading broad-based gains despite renewed geopolitical tensions in the Middle East. The Hang Seng Tech Index outpaced the broader market, surging 4.3 per......
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08.07.26 - 06:00
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Mainland China court claims jurisdiction over Hong Kong-listed company in investor lawsuit (SCMP)
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A mainland Chinese court has claimed jurisdiction over an investor lawsuit against a Hong Kong-listed firm for the first time, with the move likely to increase scrutiny of corporate disclosures.
Mainland investors filed the lawsuit with the Beijing Financial Court, alleging that an overseas-incorporated company had failed to disclose irregular loans, unauthorised guarantees and related-party transactions in 2017 and 2018, in violation of Hong Kong's listing rules, according to a recent report by......
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08.07.26 - 01:30
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Hong Kong′s property market set to cool despite run of record-breaking deals (SCMP)
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Hong Kong's residential property market has regained momentum in recent months amid a string of record-breaking deals. But analysts warn that the rally is likely to cool in the second half of the year, as a weaker stock market weighs on investor sentiment.
A string of huge deals in the city has generated buzz in recent days, with a five-bedroom flat at Sun Hung Kai Properties' Cullinan Harbour in Kai Tak selling on Monday for HK$247.9 million (US$31.6 million) – a record for the project and for......
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08.07.26 - 00:00
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How Hong Kong is fighting to redefine its future with an institutional moat, wealth surge (SCMP)
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For decades, warnings of Hong Kong's terminal decline have arrived in periodic waves.
When Stephen Roach, the former chairman of Morgan Stanley Asia, ignited a firestorm with his February 2024 assertion that “Hong Kong is over”, he pointed to a toxic cocktail of domestic and external pressures.
Roach, who doubled down on his “wake-up call” a year ago, argued that the city's economic glory was being extinguished by a loss of political autonomy following 2020's national security law, the spillover......
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07.07.26 - 11:18
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Hong Kong yuan facility to expand 150% to US$73.6 billion to meet international demand (SCMP)
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Hong Kong will substantially increase its yuan facilities for banks from this Friday, while the city will also introduce a new electronic fixed income and currency (FIC) trading system as part of its latest efforts to promote yuan trading, according to local market regulators on Tuesday.
Hong Kong Monetary Authority (HKMA) would increase the quota of its RMB Business Facility for banks by 1.5 times to 500 billion yuan (US$73.6 billion) from this Friday, according to its chief executive Eddie Yue......
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07.07.26 - 09:12
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Aktien Asien: Weitere Verluste - Samsung unter Druck (DPA-AFX)
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SEOUL/TOKIO/HONGKONG/SHANGHAI (dpa-AFX) - Die wichtigsten Aktienmärkte in Fernost haben am Dienstag weiter nachgegeben. Verluste der Technologiewerte lasteten auf den Indizes. Dies führte an den technologielastigeren Märkten zu stärkeren Abgaben....
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