Top- News zu Hong Kong (China)      26381.4     +0.31%     (Hang Seng Kurs)

 

Higher stock trading stamp duty revenue may enable the Hong Kong government to return its day-to-day budget back to a surplus sooner than expected, Financial Secretary Paul Chan told RTHK on Saturday....

Hong Kong's largest developer, Sun Hung Kai Properties (SHKP), appears on track to post another sell-out this weekend for the latest units on sale at its massive Sierra Sea residential project, as improving market sentiment continued to boost homebuyers' confidence. Homebuyers snapped up more than 70 of the 262 new flats on offer at Sierra Sea's Phase 2A as of 12.30pm on Saturday, according to agents. “I believe they will be all sold out by the end of the day,” said Louis Chan Wing-kit,......

Following the January 8 shareholder vote that overwhelmingly approved the largest privatisation deal in Hong Kong's history, many questions remain about the future of Hang Seng Bank, its stakeholders and the broader financial landscape. For Hang Seng Bank's shareholders, the immediate question is what to do with the HK$106.16 billion (US$13.6 billion) windfall from HSBC Holdings for acquiring the remaining 37 per cent it does not own. “I invested in Hang Seng Bank for the long term because of......

Chinese industrial robot maker Shenzhen Inovance Technology Co. is considering a second listing in Hong Kong, according to people familiar with the matter, joining a wave of firms drawn to the city's sizzling market....

The red-hot Hong Kong initial public offerings (IPOs) of Zhipu AI and MiniMax Group, two of China's hopefuls to take on US giants like OpenAI and Anthropic, have given a boost to Beijing's ambitions in the artificial intelligence sector, according to executives and industry watchers. While Zhipu's valuation of about US$9 billion and MiniMax's market cap of US$14 billion remain tiny compared with the US giants – OpenAI is worth about US$500 billion and Anthropic's valuation is estimated at about......

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TOKIO/SHANGHAI/HONGKONG/SYDNEY (dpa-AFX) - Die asiatisch-pazifischen Aktienmärkte haben am Freitag keine einheitliche Richtung eingeschlagen. Gewinnen in Japan und China stand eine eher verhaltene Tendenz an anderen Finanzplätzen entgegen....

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MiniMax, one of China's largest generative AI startups, surged in its trading debut in Hong Kong after raising $619 million in its initial public offering. Co-founder and COO Yeyi Yun says the company plans to use the proceeds for R&D for foundation models. She also discusses overseas expansion plans on Bloomberg's The China Show. (Source: Bloomberg)...

Hong Kong stocks rebounded on Friday after falling for two days as official data showed easing deflationary pressure in China. The Hang Seng Index rose 0.4 per cent to 26,258.21 as of 10.06am local time. The Hang Seng Tech Index gained 0.7 per cent. On the mainland, the CSI 300 Index climbed 0.3 per cent and the Shanghai Composite Index added 0.6 per cent. Alibaba Group Holding rallied 4.1 per cent to HK$148.40 and peer JD.com surged 3.7 per cent to HK$115.90. Gold producer Zijin Mining Group......

Shares of Chinese artificial intelligence start-up MiniMax surged on their Hong Kong debut on Friday, reflecting investor confidence after securing substantial support from global institutional backers. The company's shares first changed hands at HK$235.40, up 42.7 per cent from the initial public offering (IPO) price of HK$165, valuing it at HK$72.8 billion (US$9.3 billion). MiniMax raised HK$4.8 billion after pricing the shares at the top of the marketed range and exercising an upsized option......

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McDonald's has sold another Hong Kong retail property for HK$118.7 million (US$15.2 million), bringing the proceeds from its ongoing asset disposal programme to about HK$490 million, as well-capitalised investors continue to snap up prime real estate. The 10,000 sq ft-plus property at 46-47 Yee Wo Street in Causeway Bay was sold to Evergreen Capital Partners. Ng Yin was listed as director of the firm, according to the Companies Registry. The deal, which was signed on December 10, included the......

MiniMax Group Inc., one of China's largest generative AI startups, is set to begin trading in Hong Kong after an initial public offering that raised $619 million....

Hang Seng Bank Ltd.'s minority shareholders backed a $14 billion buyout offer from parent HSBC Holdings Plc, supporting the UK lender's move to double down on Hong Kong....

Traditional Chinese medicine (TCM) manufacturers are gearing up to go public in Hong Kong, aiming to tap the market for international expansion. TCM firms have joined the queue for initial public offerings (IPOs) in the city to test foreign investors' appetite for their shares. The latest to join the queue are Sichuan Neautus Traditional Chinese Medicine and Hong Kong-based Herb Standard. “Hong Kong will serve as our hub for capital, research and development, as well as international......

A Hong Kong delegate to China's National People's Congress (NPC) bought a luxury residential project in the seaside enclave of Stanley for 44 per cent less than the seller paid six years ago, in the latest sign that deep discounts are drawing wealthy buyers back into the city's high-end property market. Bunny Chan Chung-ban, also the chairman of the apparel firm Prospectful Holdings and a former district councillor, acquired Villa Mortini at 8 Stanley Beach Road for HK$310 million (US$39.8......

Investment firm Baillie Gifford and Singapore's sovereign wealth fund GIC Pte are among those buying shares in MiniMax Group Inc.'s much-awaited HK$4.8 billion ($619 million) initial public offering in Hong Kong, according to people familiar with the matter....

TOKIO/SHANGHAI/HONGKONG/SYDNEY (dpa-AFX) - Die Konsolidierung der größeren asiatisch-pazifischen Börsen hat sich am Donnerstag fortgesetzt. Lediglich der australische Aktienmarkt entzog sich der Abwärtsbewegung erneut. Die Börsen in Fernost folgten damit ......

Shares of Z.ai, the first of China's so-called "AI Tigers" to go public, rose in their Hong Kong debut after a $558-million initial public offering. The generative-AI startup, better known as Zhipu and trading under the name Knowledge Atlas Technology, plans to use a bulk of the IPO proceeds for research and development. Its co-founder and chairman Liu Debing spoke exclusively to Bloomberg. (Source: Bloomberg)...