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22.04.26 - 04:00
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Hong Kong stocks retreat after Trump extends Iran war ceasefire (SCMP)
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Hong Kong stocks fell in early trading on Wednesday, with other regional markets mixed, as investors remained wary of tensions in the Middle East despite US President Donald Trump saying he would extend a ceasefire with Iran.
The Hang Seng Index dropped 0.9 per cent to 26,242.56 as of 9.30am. On the Chinese mainland, the CSI 300 Index slid 0.4 per cent and the Shanghai Composite Index retreated 0.3 per cent.
The day before a a two-week truce with Iran was set to expire, Trump said he would......
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22.04.26 - 02:30
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Hong Kong IPOs lure mainland China insurers seeking higher returns (SCMP)
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Mainland China's insurance companies have emerged as major cornerstone investors in Hong Kong initial public offerings (IPOs) as they seek higher returns and benefit from Beijing's policy support for insurers to invest in equity markets.
Ping An Insurance (Group), Taikang Life Insurance, New China Life Insurance, Dajia Life Insurance and China Post Life Insurance were among the key players that invested more than US$250 million across about 11 IPOs so far this year, according to UBS data.
Their......
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21.04.26 - 13:30
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Hong Kong property investment soars on lower funding costs, rising demand (SCMP)
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Hong Kong's commercial property market attracted US$1.6 billion in investment in the first quarter, up 41 per cent from a year earlier, as demand for office, retail and hotel assets picked up amid improving liquidity, according to JLL.
Investment volumes could receive a further boost from global investors looking to redeploy their capital amid the conflict between the US, Israel and Iran, the property consultancy said in a report on Tuesday.
“With Asia increasingly perceived as a relatively......
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21.04.26 - 12:30
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Premium for mainland China shares erodes – or flips – as capital flows to Hong Kong (SCMP)
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A long-standing pricing gap between the mainland China-listed and Hong Kong shares of dual-listed companies has narrowed – and in some cases reversed – as global investors re-rate China's technology companies.
The Hang Seng AH Premium Index, a widely watched gauge of the valuation gap between dual-listed companies' A shares trading on mainland exchanges and their H shares in Hong Kong, has remained below 120 in recent sessions, down sharply from a high of 157.89 in February 2024.
The shift has......
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21.04.26 - 11:18
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Victory Giant skyrockets after biggest Hong Kong IPO this year (SCMP)
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Nvidia supplier Victory Giant surged 50 per cent on its first day of trading following the biggest Hong Kong initial public offering this year, as investor appetite for artificial intelligence stocks weathers uncertainty in the Middle East.
The printed-circuit board maker closed at HK$315.00 compared with the HK$209.88 price of shares in its HK$20 billion (US$2.6 billion) IPO. The Guangdong-based company has also jumped fourfold in a year in Shenzhen trading.
Victory Giant is the latest in a......
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21.04.26 - 10:06
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Aktien Asien: Technologielastige Börsen steigen weiter (DPA-AFX)
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SEOUL/TOKIO/HONGKONG (dpa-AFX) - Die asiatischen Börsen haben am Dienstag zumeist zugelegt. Dabei ragten die Märkte Südkoreas und Taiwans mit stärkeren Gewinnen hervor."In Asien bleibt die Tech-Branche - und hier vor allem KI-Werte - ......
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21.04.26 - 03:48
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Chinese circuit-board supplier Victory Giant jumps 57% in Hong Kong share debut (SCMP)
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Victory Giant, a Chinese manufacturer of printed circuit boards (PCBs) for artificial intelligence and high-performance computing, rose by 57.23 per cent in its trading debut in Hong Kong on Tuesday, as investors rushed to tap into surging global demand for the hardware powering the AI infrastructure boom.
Shares in the Guangdong-based company, a supplier to US chip leader Nvidia, opened at HK$330, versus the offer price of HK$209.88 – the maximum offer price. The firm raised HK$20 billion......
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21.04.26 - 03:36
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Hong Kong can advance AI beyond the confines of geopolitical rivalry (SCMP)
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There is a tendency to portray the global artificial intelligence (AI) landscape as consisting of two bitter rivals – China and the United States. The remaining 80 per cent of the world's population, by virtue of their supposed dearth of scale, research and other critical overheads, are purportedly followers with no agency.
The reality is more complex. The emerging global AI order is neither unipolar nor strictly bipolar. Instead, it is characterised by a swathe of middle powers hedging their......
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20.04.26 - 14:00
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Hong Kong′s Northern Metropolis gains momentum as key project attracts 8 bids (SCMP)
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Hong Kong's MTR Corporation said on Monday that it had received eight bids for a commercial and residential development at one of the critical hubs in the Northern Metropolis, a large-scale project that aims to bolster the city's economic base and foster closer integration with the Greater Bay Area.
The number of bids for the Kam Sheung Road Station Phase Two property development exceeded expectations, indicating developers' interest in the Northern Metropolis project, according to analysts.
The......
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20.04.26 - 13:00
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Chow Yun-fat nets 91% gain on Hong Kong flat after 31 years as prices rebound (SCMP)
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Chow Yun-fat, the legendary Hong Kong actor, has sold a Mid-Levels flat after more than three decades, securing a roughly 91 per cent gain, as the city's secondary housing market continues to strengthen.
The 541 sq ft, three-bedroom flat in Corona Tower fetched HK$7.5 million (US$960,000), or HK$13,863 per square foot.
The sale agreement was signed on February 11 and the transaction was registered on March 11, according to Land Registry records.
The deal generated a gain of HK$3.58 million......
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20.04.26 - 12:06
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Hong Kong lawmaker swipes at US lack of ′clarity′ as city eyes global crypto lead (SCMP)
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Hong Kong has signalled its ambitions for greater global influence in the digital asset industry, with a lawmaker taking a subtle swipe at US crypto regulatory efforts at one of the city's largest Web3-themed events.
“We can be a little bit more aspirational now that we have a strong hold locally,” said Eric Yip Chee-hang, executive director of intermediaries at the Securities and Futures Commission (SFC). “We should also expand our influence by [increasing] exposure internationally.”
Hong Kong......
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