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Tencent’s failed bid underscores how US regulatory oversight is narrowing the space for Chinese investment in US media and technology deals. Photo: Shutterstock
China’s private sector

Tencent quits Paramount’s Warner Bros bid amid US regulatory concerns

Tencent has been dropped as a financing partner from Paramount Skydance’s US$108 billion hostile bid for Warner Bros Discovery.

Hong Kong stock market

Hong Kong stocks extend losses amid rate-cut caution, muted China policy outlook

Hong Kong stock market

Hong Kong stocks retreat as Fed decision looms and investors await China signals

Banking & finance

HSBC names veteran accountant Brendan Nelson new chairman amid Asia growth push

Appointment surprises market after HSBC CEO Georges Elhedery earlier said the 75-year-old was not keen on a permanent role.

Brendan Nelson has been serving as interim chairman since October 1. Photo: Handout
Brendan Nelson has been serving as interim chairman since October 1. Photo: Handout
Banking & finance

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Seven cornerstone investors led by London-based M&G Investments pledge a total of US$170 million.

Hong Kong stock market

HSBC tips Hong Kong and mainland Chinese shares to maintain momentum in 2026

Attractive valuations, improved fundamentals and pro-growth policies – HSBC and UBS expect a ‘good year’ ahead as China hits growth targets.

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IPO

Hong Kong crypto exchange HashKey wins listing nod in test of investor appetite

HashKey could raise around US$300 million this month amid Hong Kong’s push to develop its digital asset sector.

HashKey is one of 11 licensed virtual asset trading platforms in Hong Kong. Photo: Handout
HashKey is one of 11 licensed virtual asset trading platforms in Hong Kong. Photo: Handout
Hong Kong stock market

Tech firms lead Hong Kong stock advance with rate cut ‘locked in’

Growing confidence in a US interest-rate cut overcomes concerns about an AI bubble and a contraction in mainland factory activity.

Hong Kong stock market

Hong Kong investors still flock to US tech stocks despite bubble fears

Individual traders are adhering to a ‘buy the dip’ strategy, Interactive Brokers’ David Friedland says.

Hong Kong stock market

China’s UBTech Robotics eyes US$400 million in Hong Kong share placement

Sixth fundraising this year will aid push into industrial manufacturing, a ‘historic opportunity for humanoid robots’, company says.

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UBTech Robotics has raised HK$4.37 billion (US$562 million) in five share placements since August 2024. Photo: Handout
Banking & finance

3SBio spin-off Mandi banks on hair-loss and weight-loss drugs in Hong Kong IPO

As 3SBio lines up a Hong Kong spin-off for its hair-loss unit Mandi, the subsidiary is preparing a drug pipeline aimed at acne and obesity.

The spin-off would result in 3SBio completely exiting its stake in Mandi. Photo: SMCP
The spin-off would result in 3SBio completely exiting its stake in Mandi. Photo: SMCP
Banking & finance

Asia-Pacific investors brace for market correction in 2026: survey

Top concerns include a potential tech bubble, geopolitical tensions and recession, according to Natixis.

Hong Kong stock market

Hong Kong stock decline deepens on AI valuation concerns, Fed rate outlook

The Hong Kong stock benchmark’s 1.7 per cent slump on Tuesday was its biggest since October 31.

IPO

China’s Unitree Robotics completes pre-IPO tutoring for onshore listing

The unicorn is reportedly aiming for a valuation of up to US$7 billion in a listing on Shanghai’s Nasdaq-style Star Market.

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A Unitree robot seen at the Web Summit in Lisbon last week. Photo: AFP
Hong Kong stock market

Hong Kong stocks fall as US data delay, Fed policy uncertainty hit sentiment

The US government will release nonfarm payrolls for September on Thursday, the first data since the 43-day shutdown.

Pedestrians walk in front of an electronic sign board showing Hong Kong stock market data. Photo: AFP
Pedestrians walk in front of an electronic sign board showing Hong Kong stock market data. Photo: AFP
US-listed Chinese stocks

US funds tread carefully on China as Oaktree and Appaloosa adjust bets

Oaktree exits KE Holdings, billionaire David Tepper’s Appaloosa boosts Baidu stake and Bridgewater stays away from China in third quarter.

IPO

China’s Chuangxin rides Hong Kong IPO wave with US$707 million fundraising

Listing draws commitments from 18 domestic and international investors and highlights the city’s buoyant market.

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Hong Kong healthcare and hospitals

Australian biotech firm Heidi joins overseas peers in setting up Hong Kong base

Firm will open its first North Asia office in Hong Kong this year, aiming to use its AI platform to ease the city’s doctor shortage.

Liu Yu, CTO and co-founder of Heidi; Thomas Kelly, co-founder and CEO and Waleed Mussa, CFO and co-founder. Photo: Handout
Liu Yu, CTO and co-founder of Heidi; Thomas Kelly, co-founder and CEO and Waleed Mussa, CFO and co-founder. Photo: Handout
Banking & finance

Hong Kong prices world’s first bonds with tokenised settlement

US$1.3 billion issuance helps ‘reinforce the vision’ for Hong Kong as a global hub for digital assets, monetary authority chief says.

IPO

China’s top medical equipment maker Mindray applies to list in Hong Kong

The Shenzhen-based company plans to use the listing proceeds for R&D and improve its global sales network and supply chain capabilities.

China’s private sector

Fosun brings UK particle therapy to mainland China in advanced cancer care push

The US Food and Drug Administration-approved Marie system promises human-centred care, advanced technology and lower costs.

Fosun Pharmaceutical says the Marie system could reduce total treatment costs by 50 per cent compared with existing therapies. Photo: Daniel Ren
Wealth management

Hong Kong roars ahead as top wealth hub, overtaking Singapore

Nearly 45 per cent of top global private banks say their affluent clients prefer Hong Kong over other wealth management centres: PWMA report.

Hong Kong is firmly back on its growth trajectory, says Amy Lo. Photo: Edmond So
Hong Kong is firmly back on its growth trajectory, says Amy Lo. Photo: Edmond So
IPO

4 Chinese firms’ listing debuts mark busy day for Hong Kong stock exchange

Pony.ai, WeRide and Ningbo Joyson fell at the opening bell, while Vigonvita Life surged.

Hong Kong stock market

Hong Kong stocks fall for a second day as AI bubble fears hit Wall Street

Losses mirror Wall Street after Palantir Technologies tumbled 8 per cent despite beating revenue estimates.

IPO

Chinese EV maker Seres’ shares close unchanged in lacklustre Hong Kong debut

Trading under the stock code 9927, Seres’ shares fell as much as 10.3 per cent before closing flat at its IPO price of HK$131.50.

Seres’ Aito M9 has become the bestselling luxury vehicle in China. Photo: Costfoto/NurPhoto via Getty Images
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