https://www.scmp.com/rss/162554/feed Hong Kong Exchanges and Clearing Ltd is the holding company for the city’s stock exchange, futures exchange and clearing company. Its market capitalisation makes it one of the world’s biggest listed companies. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ben Jiang Ben Jiang Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.69 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter. The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private. Baidu and Kunlunxin did not immediately respond to a request for comment on Friday. Separately,... https://www.scmp.com/tech/tech-trends/article/3352891/baidu-chip-unit-kunlunxin-eyes-us146b-valuation-hong-kong-ipo-sources?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3352891/baidu-chip-unit-kunlunxin-eyes-us146b-valuation-hong-kong-ipo-sources?utm_source=rss_feed Fri, 08 May 2026 09:08:12 +0000 Yulu Ao Yulu Ao With US equities regaining momentum amid easing tensions in the Middle East, questions are being raised as to whether global capital is rotating back into the world’s largest market. Investment advisers and fund managers said global investors were reassessing their asset allocations, though there was little evidence of a broad capital rotation away from Asia. While market performance suggested some reallocation, flow data remained inconclusive and did not point to a decisive shift away from... https://www.scmp.com/business/china-business/article/3352716/us-stocks-hit-record-highs-will-investors-keep-buying-or-stay-diversified?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352716/us-stocks-hit-record-highs-will-investors-keep-buying-or-stay-diversified?utm_source=rss_feed Thu, 07 May 2026 12:00:05 +0000 Yulu Ao Yulu Ao Investor frustration is growing with Hong Kong’s technology index, as the benchmark’s prolonged slide contrasts sharply with the soaring share prices of several Chinese AI firms that recently went public in the city. The Hang Seng Tech Index – a gauge of Hong Kong-listed tech companies that was once seen as China’s answer to the Nasdaq – has come under pressure in recent months, and the index’s poor performance has drawn even more scrutiny amid the wider surge in Chinese artificial intelligence... https://www.scmp.com/business/china-business/article/3352477/why-hong-kongs-tech-index-failing-ride-chinese-ai-stock-boom?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352477/why-hong-kongs-tech-index-failing-ride-chinese-ai-stock-boom?utm_source=rss_feed Tue, 05 May 2026 22:00:05 +0000 Yulu Ao Yulu Ao Ant Bank, the digital banking arm of Ant Group, has rolled out stock trading services within its AlipayHK mobile application, marking a further push into Hong Kong’s retail brokerage market as fintech players race to capture a new generation of investors. The service allowed users to trade Hong Kong and US stocks and exchange-traded funds, as well as structured products including warrants and callable contracts, through the app’s wealth-management section, according to its promotional... https://www.scmp.com/business/china-business/article/3352264/ant-groups-bank-adds-stock-trading-alipay-app-hong-kong?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3352264/ant-groups-bank-adds-stock-trading-alipay-app-hong-kong?utm_source=rss_feed Sun, 03 May 2026 08:30:12 +0000 Themis Qi Themis Qi Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors. Founded in 2003, Inovance is seen as a cornerstone of China’s industrial automation sector. The company’s shares, listed on the Shenzhen Stock Exchange since 2010, closed at 61.36 yuan on Tuesday, giving it a market capitalisation of nearly 175.3 billion yuan (US$25.6... https://www.scmp.com/news/china-future-tech/robotics/article/3351738/chinese-industrial-robot-maker-inovance-joins-hong-kong-ipo-queue?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/robotics/article/3351738/chinese-industrial-robot-maker-inovance-joins-hong-kong-ipo-queue?utm_source=rss_feed Tue, 28 Apr 2026 12:30:19 +0000 Themis Qi Themis Qi Alibaba Group Holding gained approval from the Hong Kong stock exchange to proceed with a proposed spin-off of a warehouse park in mainland China, two years after the tech giant withdrew the listing plan of its logistics arm Cainiao. The e-commerce giant said it could separate an infrastructure real estate investment trust (Reit) and list it on the Shenzhen Stock Exchange, with the underlying asset being the Jiaxing Park, a logistics and warehousing infrastructure hub in eastern China’s Zhejiang... https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3351610/alibaba-gets-approval-spin-warehouse-park-reit-pivot-logistics-assets?utm_source=rss_feed Mon, 27 Apr 2026 14:32:43 +0000 Yulu Ao Yulu Ao China’s solar giant Sungrow Power Supply has filed a fresh application to list in Hong Kong, reviving plans initiated last year, as a wave of mainland companies seeks offshore funding to support overseas expansion. The Shenzhen-listed solar inverter and energy storage system maker submitted its latest application proof to the Hong Kong stock exchange after an earlier filing in October lapsed, according to exchange disclosures late on Friday. Sungrow, one of the world’s largest suppliers of... https://www.scmp.com/business/china-business/article/3351515/chinas-solar-giant-sungrow-revives-hong-kong-ipo-plan-amid-rising-demand-clean-energy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3351515/chinas-solar-giant-sungrow-revives-hong-kong-ipo-plan-amid-rising-demand-clean-energy?utm_source=rss_feed Mon, 27 Apr 2026 03:55:24 +0000 SCMP Editorial SCMP Editorial Hong Kong is well-positioned to forge closer financial ties with economies across Southeast Asia. The latest is with Malaysia, a win-win arrangement signalling similar pacts to follow. Given the vast pools of capital, stock exchange operators in both places are ready to join hands in developing a range of services and products, from dual listings and exchange-traded funds (ETFs) to Islamic finance. Hong Kong offers plenty of opportunities for Malaysia, a growing economy with a population of... https://www.scmp.com/opinion/article/3351449/malaysia-bourse-pact-extends-hong-kongs-outreach-southeast-asia?utm_source=rss_feed https://www.scmp.com/opinion/article/3351449/malaysia-bourse-pact-extends-hong-kongs-outreach-southeast-asia?utm_source=rss_feed Sun, 26 Apr 2026 23:15:11 +0000 Matthew Cheng Matthew Cheng Hong Kong’s initial public offering (IPO) market has raised more than HK$140 billion (US$17.9 billion) as of April, maintaining its global lead, the city’s finance chief has said, while indicating a renewed push to develop gold trading amid rising demand for risk diversification. Financial Secretary Paul Chan Mo-po said on Sunday that Hong Kong remained the world’s top IPO fundraising hub as of last week, citing a growing number of high-quality companies using the city’s strong financing... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3351458/hong-kongs-ipo-market-exceeds-hk140-billion-amid-renewed-gold-trading-push?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3351458/hong-kongs-ipo-market-exceeds-hk140-billion-amid-renewed-gold-trading-push?utm_source=rss_feed Sun, 26 Apr 2026 05:27:24 +0000 Ralph Jennings Ralph Jennings China has launched a bond-market-connect scheme with Brazil, Chinese media outlets reported this week, marking the first such link among emerging markets. Schemes such as this one, often dubbed “connects” between Chinese bond or stock markets and their offshore counterparts, typically allow investors to bypass special permits or capital-flow controls when trading on either side’s exchanges. China now maintains at least five offshore capital-market “connect” schemes on three continents. Hong... https://www.scmp.com/economy/global-economy/article/3351185/brazil-beckoned-china-now-has-stock-and-bond-connect-schemes-these-5-regions?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3351185/brazil-beckoned-china-now-has-stock-and-bond-connect-schemes-these-5-regions?utm_source=rss_feed Thu, 23 Apr 2026 23:00:10 +0000 Enoch Yiu Enoch Yiu Mark Mobius, who was known as the father of emerging markets and was among the first fund managers to invest in Hong Kong and mainland China, died on Wednesday at the age of 89, according to a statement on his LinkedIn account. The statement did not give the cause. Mobius was based in Dubai in recent years and remained active in investment via his own firm. He was managing director of Mobius Emerging Opportunities Fund. Mobius remained bullish on China throughout his career. In his last... https://www.scmp.com/business/markets/article/3350250/mark-mobius-pioneering-emerging-market-investor-and-china-bull-dies-89?utm_source=rss_feed https://www.scmp.com/business/markets/article/3350250/mark-mobius-pioneering-emerging-market-investor-and-china-bull-dies-89?utm_source=rss_feed Thu, 16 Apr 2026 04:30:22 +0000 Themis Qi Themis Qi Shanghai-listed Huaqin, one of the world’s largest consumer electronics original design manufacturers (ODMs), kicked off a Hong Kong share sale on Wednesday, aiming to raise up to HK$4.55 billion (US$580 million). The electronics giant – the latest mainland-listed firm to tap Hong Kong’s stock market with Beijing’s backing – is offering 58.55 million shares, with 10 per cent earmarked for retail investors and the rest for international placement. The maximum offer price of HK$77.70 per share... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350132/huaqins-us580-million-hong-kong-share-sale-attracts-jpmorgan-and-ubs?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3350132/huaqins-us580-million-hong-kong-share-sale-attracts-jpmorgan-and-ubs?utm_source=rss_feed Wed, 15 Apr 2026 06:00:51 +0000 Yulu Ao Yulu Ao Hong Kong stocks advanced on Wednesday, tracking overnight gains on Wall Street, as renewed optimism over a potential resumption of US-Iran talks eased geopolitical concerns and dragged oil prices lower. The benchmark Hang Seng Index closed 0.3 per cent higher at 25,947.32, extending a 0.8 per cent gain on Tuesday. On the mainland, the CSI 300 Index fell 0.3 per cent while the Shanghai Composite Index was little changed. The ChiNext Index closed 1.2 per cent lower after jumping as much as 1.1... https://www.scmp.com/business/china-business/article/3350108/hong-kong-stocks-surge-hopes-us-iran-talks-ease-oil-price-fears?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3350108/hong-kong-stocks-surge-hopes-us-iran-talks-ease-oil-price-fears?utm_source=rss_feed Wed, 15 Apr 2026 02:28:04 +0000 Yulu Ao Yulu Ao China’s stocks climbed on Friday, with key benchmarks in mainland China and Hong Kong briefly returning to levels last seen about two weeks ago, as signs of a possible ceasefire between the US and Iran helped boost sentiment. Hong Kong’s Hang Seng Index climbed 0.6 per cent to 25,893.54 at the close, after gaining as much as 1.3 per cent to briefly top the 26,000 mark – a level not seen since March 18. The Hang Seng Tech Index advanced 0.8 per cent. On the mainland, the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3349590/china-stocks-surge-shanghai-and-hong-kong-benchmarks-reclaim-key-levels?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349590/china-stocks-surge-shanghai-and-hong-kong-benchmarks-reclaim-key-levels?utm_source=rss_feed Fri, 10 Apr 2026 02:32:16 +0000 Daniel Ren Daniel Ren Zhejiang China Commodities City Group, operator of the marketplace that was once the epicentre of global consumer goods trading, is planning an initial public offering (IPO) in Hong Kong to support overseas expansion, as the wave of mainland Chinese firms looking to raise funds in the city continues. The state-owned company, which runs the Yiwu international trade market in east China’s Zhejiang province, said in a filing to the Shanghai Stock Exchange on Wednesday that a share sale in Hong Kong... https://www.scmp.com/business/china-business/article/3349483/operator-yiwu-market-former-mecca-global-consumer-goods-trade-eyes-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3349483/operator-yiwu-market-former-mecca-global-consumer-goods-trade-eyes-hong-kong-ipo?utm_source=rss_feed Thu, 09 Apr 2026 06:03:52 +0000 Yulu Ao Yulu Ao Chinese toymaker Pop Mart remains under pressure despite carrying out six share buy-backs over the past few days following a sell-off after its results, raising questions over whether the weakness reflects concerns about its Labubu-led growth and valuation. The Beijing-based company has stepped up efforts to support its share price through market purchases. Pop Mart bought back 700,000 shares on Thursday at prices ranging from HK$140.90 to HK$142.30, for a total of HK$99.2 million (US$12.6... https://www.scmp.com/business/china-business/article/3348876/chinas-pop-mart-struggles-stem-slide-despite-buy-backs-amid-labubu-reliance-concerns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348876/chinas-pop-mart-struggles-stem-slide-despite-buy-backs-amid-labubu-reliance-concerns?utm_source=rss_feed Fri, 03 Apr 2026 04:03:57 +0000 SCMP Editorial SCMP Editorial The predicted demise of physical newspapers may be premature, but paper use in the stock market is definitely passé. Thankfully, the Securities and Futures Commission will phase it out and digitise the market within five years. That should be enough time for any Luddite to adjust. A launch date has been set for November 16 for rolling out a fully digital, paperless stock market. The aim is to boost efficiency and strengthen the city’s competitiveness. Digitalised securities and their documents... https://www.scmp.com/opinion/comment/article/3348785/paperless-stock-market-way-forward-hong-kong?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3348785/paperless-stock-market-way-forward-hong-kong?utm_source=rss_feed Thu, 02 Apr 2026 22:45:08 +0000 Neil Denslow,Raymond Ma Neil Denslow,Raymond Ma Chinese and Hong Kong shares suffered their worst month since January 2024 as the war on Iran upended global oil markets and spurred economic concerns. The mainland CSI 300 lost 5.5 per cent in March, while Hong Kong’s Hang Seng Index dropped 6.9 per cent. Both indexes also fell for the second quarter in a row. The broader MSCI Asia-Pacific Index plunged 12 per cent in US dollar terms in March, its biggest monthly loss in more than three years. Stocks have fallen around the world since Iran shut... https://www.scmp.com/plus/business/markets/article/3348529/iran-war-hits-stocks-hong-kong-ipo-boom-falters?utm_source=rss_feed https://www.scmp.com/plus/business/markets/article/3348529/iran-war-hits-stocks-hong-kong-ipo-boom-falters?utm_source=rss_feed Tue, 31 Mar 2026 09:10:54 +0000 Wency Chen Wency Chen Yuanjie Semiconductor Technology, a Chinese maker of laser chips for optical communications, has emerged as one of the mainland exchanges’ biggest beneficiaries of the artificial intelligence infrastructure boom – with its shares rising nearly ninefold over the past year as it pursues a Hong Kong listing. The Shaanxi-based integrated device manufacturer, whose shares closed at 1,100 yuan on Friday, now ranks second by share price among mainland-listed companies, trailing only Kweichow Moutai at... https://www.scmp.com/tech/article/3348311/what-makes-yuanjie-chinese-optical-chip-star-and-hong-kong-ipo-candidate-stand-out?utm_source=rss_feed https://www.scmp.com/tech/article/3348311/what-makes-yuanjie-chinese-optical-chip-star-and-hong-kong-ipo-candidate-stand-out?utm_source=rss_feed Mon, 30 Mar 2026 02:00:06 +0000 Julie Zhang Julie Zhang Beijing Tong Ren Tang Healthcare Investment, a provider of healthcare services based on traditional Chinese medicine, postponed its Hong Kong initial public offering (IPO) on Friday amid tepid investor demand for its shares. The delay is the first of its kind during the current IPO boom. New share offerings in the city raised about US$11.64 billion as of March 18 this year, up 385 per cent from about US$2.4 billion a year earlier, according to LSEG Data & Analytics. Tong Ren Tang was one of six... https://www.scmp.com/business/banking-finance/article/3348101/tong-ren-tang-healthcare-unit-pulls-hong-kong-ipo-scheduled-monday?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348101/tong-ren-tang-healthcare-unit-pulls-hong-kong-ipo-scheduled-monday?utm_source=rss_feed Fri, 27 Mar 2026 06:30:18 +0000 Cheryl Arcibal,Themis Qi Cheryl Arcibal,Themis Qi China National Offshore Oil Corporation (CNOOC), the country’s largest producer of offshore crude oil and natural gas, aims to further boost production this year amid geopolitical tensions and rising oil prices. The plan came after the state-backed company reported an 11.5 per cent drop in net profit to 122.08 billion yuan (US$17.7 billion) in 2025, owing to low oil prices during the year, even though it produced record-high volumes of the commodities. Its revenue in the period also dipped by... https://www.scmp.com/business/article/3348035/chinas-cnooc-boost-oil-and-gas-output-amid-middle-east-strife?utm_source=rss_feed https://www.scmp.com/business/article/3348035/chinas-cnooc-boost-oil-and-gas-output-amid-middle-east-strife?utm_source=rss_feed Thu, 26 Mar 2026 12:36:39 +0000 Enoch Yiu Enoch Yiu Indonesian gold miner PT Merdeka Gold Resources has applied for a Hong Kong listing as it seeks to broaden its international investor base, in a move brokers see as a boost to Hong Kong Exchanges and Clearing’s (HKEX) efforts to attract more international companies and diversify its pipeline. The listing application was intended to “broaden the company’s access to international investors, enhance share liquidity and provide greater flexibility in raising capital to support future growth”,... https://www.scmp.com/business/article/3347958/gold-rally-drives-merdekas-hong-kong-ipo-plan-hkex-courts-global-issuers?utm_source=rss_feed https://www.scmp.com/business/article/3347958/gold-rally-drives-merdekas-hong-kong-ipo-plan-hkex-courts-global-issuers?utm_source=rss_feed Thu, 26 Mar 2026 06:11:30 +0000 Julie Zhang Julie Zhang US biopharmaceutical company Gilead Sciences agreed to buy Ouro Medicines, which is developing an antibody-based medicine for autoimmune diseases licensed from China’s Keymed Biosciences, in a deal worth up to US$2.18 billion. Gilead Sciences is among a group of global drug makers facing patent expirations and turning to mergers, acquisitions and licensing deals to refill their drug pipelines. Under the agreement, Gilead Sciences would pay shareholders of US-based Ouro Medicines US$1.675 billion... https://www.scmp.com/business/china-business/article/3347693/rights-antibody-drug-chinas-keymed-change-hands-gilead-acquisition-ouro?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3347693/rights-antibody-drug-chinas-keymed-change-hands-gilead-acquisition-ouro?utm_source=rss_feed Tue, 24 Mar 2026 07:51:07 +0000 SCMP Editorial SCMP Editorial Hong Kong’s securities watchdog has recommended strengthening the stock exchange’s system for company listing and compliance following a review. It comes at a good time as the Hong Kong Exchanges and Clearing (HKEX) has proposed the biggest reform of listing rules in almost a decade. While HKEX works to make it easier and more efficient for companies to raise capital in the city, the Securities and Futures Commission (SFC) must ensure investors are protected with any changes. The city’s... https://www.scmp.com/opinion/comment/article/3347554/hkex-should-heed-recommendations-hong-kongs-securities-watchdog?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3347554/hkex-should-heed-recommendations-hong-kongs-securities-watchdog?utm_source=rss_feed Mon, 23 Mar 2026 22:45:08 +0000 Edith Lin Edith Lin Hong Kong will step up efforts to bolster its global standing and strengthen links between mainland China and the West, enabling the city to better serve as a “superconnector” and “super value-adder” for the nation amid growing geopolitical complexities, the financial chief has said. Financial Secretary Paul Chan Mo-po wrote in his weekly blog on Sunday that the international community was seeking to foster bilateral and regional cooperation to ensure flexibility in trade and resilience in... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347464/finance-chief-urges-hong-kong-enhance-global-standing-amid-shifting-geopolitics?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347464/finance-chief-urges-hong-kong-enhance-global-standing-amid-shifting-geopolitics?utm_source=rss_feed Sun, 22 Mar 2026 06:22:39 +0000 SCMP Editorial SCMP Editorial Hong Kong Exchanges and Clearing (HKEX) has proposed the biggest overhaul of listing rules in almost a decade. China’s top stock exchange is looking ahead after regaining the global crown for initial public offerings last year following several lean years. To remain competitive, it needs to make its market more accessible to innovative firms seeking to raise capital. At the same time, the city must maintain its international reputation for financial probity and reliability. This means any... https://www.scmp.com/opinion/comment/article/3347120/hkexs-listing-reforms-will-boost-hong-kongs-competitiveness?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3347120/hkexs-listing-reforms-will-boost-hong-kongs-competitiveness?utm_source=rss_feed Thu, 19 Mar 2026 22:45:08 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s securities regulator on Wednesday recommended strengthening the stock exchange’s regulations to better protect investors following a review of 2024 compliance and enforcement cases. The Securities and Futures Commission (SFC) submitted its findings after vetting listed companies’ internal control reviews, their handling of late auditor resignations and the processes of the Hong Kong stock exchange’s listing division. The regulator noted that while thestock exchange “had taken steps... https://www.scmp.com/business/banking-finance/article/3347076/hong-kong-securities-watchdog-urges-stock-exchange-tighten-listing-compliance-rules?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347076/hong-kong-securities-watchdog-urges-stock-exchange-tighten-listing-compliance-rules?utm_source=rss_feed Wed, 18 Mar 2026 14:50:51 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose for a third day on Wednesday as investors tracked overnight gains on Wall Street and took cues from stabilising oil prices, despite lingering geopolitical tensions in the Middle East. The Hang Seng Index added 0.6 per cent to 26,025.42 at the close of trading, marking its third consecutive day of gains and the longest winning streak since January 29. The Hang Seng Tech Index was little changed. On the mainland, the CSI 300 Index gained 0.5 per cent and the Shanghai... https://www.scmp.com/business/china-business/article/3346952/hong-kong-stocks-extend-winning-streak-amid-stabilising-oil-prices-despite-iran-conflict?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346952/hong-kong-stocks-extend-winning-streak-amid-stabilising-oil-prices-despite-iran-conflict?utm_source=rss_feed Wed, 18 Mar 2026 02:04:27 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose for a second day on Tuesday, tracking Wall Street’s gains, as oil prices steadied after a sharp overnight decline, easing concerns over inflation and geopolitical tensions. The Hang Seng Index added 0.1 per cent to 25,868.54 at the close of trading, after rising as much as 1.6 per cent in the morning. The Hang Seng Tech Index fell 0.1 per cent. On the mainland, the CSI 300 Index lost 0.7 per cent and the Shanghai Composite Index declined 0.9 per cent. E-commerce giant... https://www.scmp.com/business/china-business/article/3346816/hong-kong-stocks-advance-oil-steadies-and-wall-street-rally-fuels-confidence?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346816/hong-kong-stocks-advance-oil-steadies-and-wall-street-rally-fuels-confidence?utm_source=rss_feed Tue, 17 Mar 2026 01:58:50 +0000 Cheryl Arcibal,Yulu Ao Cheryl Arcibal,Yulu Ao An Ant Group subsidiary has fulfilled all the necessary requirements for acquiring Bright Smart Securities & Commodities Group, Hong Kong’s largest retail stock brokerage, after completing reporting procedures with China’s regulatory authorities, the two companies announced in a joint off-trading-hours filing on Monday. Wealthiness and Prosperity Holding, which is ultimately controlled by Ant Group, had completed reporting procedures required for high-value non-sensitive investment projects, it... https://www.scmp.com/business/companies/article/3346811/ant-group-subsidiary-completes-steps-takeover-hks-largest-retail-stock-brokerage?utm_source=rss_feed https://www.scmp.com/business/companies/article/3346811/ant-group-subsidiary-completes-steps-takeover-hks-largest-retail-stock-brokerage?utm_source=rss_feed Tue, 17 Mar 2026 00:52:51 +0000 Julie Zhang Julie Zhang More than 10 loss-making biotechnology companies have filed for Hong Kong stock exchange listings this year, bringing cutting-edge drugs and artificial intelligence-powered drug discovery platforms to market, as the city’s bourse presses ahead with reforms aimed at supporting the real economy. The latest applications came as healthcare and biotechnology equity capital market activity – stock sales by companies and their shareholders – in Hong Kong reached US$15.6 billion last year, the second... https://www.scmp.com/business/banking-finance/article/3346710/hong-kong-attracts-wave-biotech-ipo-filings-amid-ai-drug-boom?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3346710/hong-kong-attracts-wave-biotech-ipo-filings-amid-ai-drug-boom?utm_source=rss_feed Mon, 16 Mar 2026 05:07:12 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday, led by technology heavyweights, as improving sentiment towards the sector offset concerns over prolonged tensions in the Middle East, after prominent investor Michael Burry suggested the city’s tech shares may be undervalued. The Hang Seng Index gained 1.5 per cent to 25,834.02 at the close of trading, reversing the 1 per cent loss recorded on Friday. The Hang Seng Tech Index gained 2.7 per cent. On the mainland, the CSI 300 Index added 0.1 per cent and the... https://www.scmp.com/business/china-business/article/3346696/hong-kong-stocks-edge-lower-us-iran-stand-oil-supply-fears?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346696/hong-kong-stocks-edge-lower-us-iran-stand-oil-supply-fears?utm_source=rss_feed Mon, 16 Mar 2026 01:57:31 +0000 Zhu Wenqian Zhu Wenqian Sunshine 100 China Holdings, a mainland Chinese developer facing debts amid China’s property sector downturn, said on Thursday that it plans to oppose a winding-up petition filed against it in Hong Kong. HTI Financial Solutions and Haitong International Financial Products filed the winding-up petition against the developer at the High Court of Hong Kong over an unpaid redemption sum of about US$205 million, including accrued interest, due on March 19, 2025, according to a Sunshine 100 filing... https://www.scmp.com/business/article/3346360/chinese-developer-sunshine-100-oppose-hong-kong-winding-petition-over-us205m-debt?utm_source=rss_feed https://www.scmp.com/business/article/3346360/chinese-developer-sunshine-100-oppose-hong-kong-winding-petition-over-us205m-debt?utm_source=rss_feed Thu, 12 Mar 2026 10:00:28 +0000 Kun Tian Kun Tian China’s annual parliamentary “two sessions” have been framed as a show of resilience in a turbulent world. That framing is not wrong but it is incomplete. Beijing’s deliberately lower 2026 economic growth target is less an admission of weakness than a signal that the growth playbook is being rewritten. For Hong Kong, this is not background noise. It is a test of whether policy alignment can be converted into institutional credibility. When Premier Li Qiang delivered the government work report... https://www.scmp.com/opinion/hong-kong-opinion/article/3345773/why-chinas-economic-reset-credibility-test-hong-kong?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3345773/why-chinas-economic-reset-credibility-test-hong-kong?utm_source=rss_feed Tue, 10 Mar 2026 01:30:07 +0000 Emily Hung Emily Hung Hong Kong has been urged to extend its stock trading hours to maintain its status as an international financial hub, as competitors move towards near 24-hour operations to capture global liquidity. Speaking at the “Redefining Hong Kong 2026 Budget Edition” forum organised by the South China Morning Post on Monday, Kenny Shui Chi-wai, vice-president of think tank Our Hong Kong Foundation, said the city should consider lengthening the stock market’s trading hours, which rivals were already... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346018/hong-kong-urged-extend-stock-trading-hours-keep-rivals?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3346018/hong-kong-urged-extend-stock-trading-hours-keep-rivals?utm_source=rss_feed Mon, 09 Mar 2026 15:53:50 +0000 Aileen Chuang Aileen Chuang Semiconductor display manufacturer Everdisplay Optronics (Shanghai) and robotics firm Zhejiang Galaxis Technology Group have received approval to list in Hong Kong, marking steady progress in the city’s nearly 500-strong listings pipeline. The two mainland Chinese companies published their post-hearing information packs on the Hong Kong stock exchange on Sunday, as the initial public offering (IPO) market in the city gathers pace once again after the Chinese New Year holiday. Neither firm... https://www.scmp.com/business/banking-finance/article/3345921/hong-kongs-ipo-pace-picks-2-mainland-chinese-firms-get-listing-approval?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345921/hong-kongs-ipo-pace-picks-2-mainland-chinese-firms-get-listing-approval?utm_source=rss_feed Mon, 09 Mar 2026 03:48:17 +0000 Letters Letters Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words Artificial intelligence in 2026 is moving from a passive tool to an active partner. Big tech companies are throwing more money at capex to stand out in the AI race. Meanwhile, tech firms are raising funds to make technological breakthroughs and solidify their competitive edge.... https://www.scmp.com/opinion/letters/article/3345673/hong-kong-can-do-more-connect-mainland-funds-tech-stocks?utm_source=rss_feed https://www.scmp.com/opinion/letters/article/3345673/hong-kong-can-do-more-connect-mainland-funds-tech-stocks?utm_source=rss_feed Mon, 09 Mar 2026 03:30:08 +0000 Ben Jiang Ben Jiang Chinese artificial intelligence-powered drug researcher XtalPi Holdings said it expects to turn its first annual profit on the back of strong revenue growth, according to a corporate filing. The Shenzhen-based company projected a swing to a net profit of at least 100 million yuan (US$14.5 million) in 2025 from a net loss of around 1.5 billion yuan in 2024, notching its first full-year profit, according to a filing with the Hong Kong stock exchange on Tuesday. XtalPi attributed the earnings boost... https://www.scmp.com/tech/tech-trends/article/3345305/chinese-ai-drug-researcher-xtalpi-expects-turn-first-annual-profit-193-revenue-jump?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3345305/chinese-ai-drug-researcher-xtalpi-expects-turn-first-annual-profit-193-revenue-jump?utm_source=rss_feed Tue, 03 Mar 2026 12:33:07 +0000 Julie Zhang Julie Zhang Beijing should create a “connect” scheme for initial public offerings (IPOs) in the Greater Bay Area to allow mainland Chinese and Hong Kong investors to buy into new listings across the border, HSBC Asia-Pacific chairman Peter Wong Tung-shun said on the eve of China’s annual “two sessions” meetings. “If investors in both Shenzhen and Hong Kong are further allowed to participate simultaneously in IPOs in both markets – achieving a more comprehensive IPO connect mechanism for the Greater Bay Area... https://www.scmp.com/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed Tue, 03 Mar 2026 10:30:09 +0000 Peggy Ye Peggy Ye Hong Kong’s cash-for-residency scheme has attracted about HK$95 billion (US$12 billion) from more than 1,700 investors over the past two years, with around two-thirds of the approved capital channelled into authorised funds and equities, the latest figures from InvestHK show. The government’s investment promotion arm on Monday released the figures for the New Capital Investment Entrant Scheme (New CIES), designed to encourage high-net-worth individuals to invest in Hong Kong, bringing both... https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3345102/hong-kongs-new-cash-residency-scheme-draws-us12-billion-first-2-years?utm_source=rss_feed Mon, 02 Mar 2026 06:44:45 +0000 Enoch Yiu Enoch Yiu The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau... https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 23:30:14 +0000 Enoch Yiu Enoch Yiu When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,... https://www.scmp.com/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 15:00:09 +0000 Yulu Ao Yulu Ao US investors stepped up purchases of mainland and Hong Kong equities in the fourth quarter, while Chinese funds continued to channel money into US stocks, underscoring deep two-way capital ties despite geopolitical tensions. Data from the US Treasury’s International Capital system showed that US investors were net buyers of US$9 billion worth of Asian equities in the last quarter of 2025, bringing total net purchases for the year to US$80 billion, according to a report from BNP Paribas. Of that... https://www.scmp.com/business/china-business/article/3344456/us-investors-increase-buying-hong-kong-mainland-chinese-stocks-despite-trade-tensions?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344456/us-investors-increase-buying-hong-kong-mainland-chinese-stocks-despite-trade-tensions?utm_source=rss_feed Tue, 24 Feb 2026 09:00:28 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Tuesday, tracking Wall Street’s losses, as renewed concerns about the artificial intelligence race weighed on sentiment, while mainland markets rallied on the first trading day in the Year of the Horse. The Hang Seng Index dropped 1.8 per cent to 26,590.32 at the close of trading, paring some of the 2.5 per cent gain recorded on Monday. The Hang Seng Tech Index fell 2.1 per cent. On the mainland, the CSI 300 Index rose 1 per cent while the Shanghai Composite Index jumped... https://www.scmp.com/business/china-business/article/3344393/hong-kong-stocks-retreat-ai-worries-china-markets-rally-year-horse?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344393/hong-kong-stocks-retreat-ai-worries-china-markets-rally-year-horse?utm_source=rss_feed Tue, 24 Feb 2026 01:58:23 +0000 Yulu Ao Yulu Ao Hong Kong stocks jumped on Monday, as investors bet the latest adjustment to US tariffs would ease pressure on Chinese exports after a Supreme Court ruling prompted a reshuffling of trade measures. The Hang Seng Index surged 2.5 per cent to 27,081.91 at the close, the biggest gain since January 28. The Hang Seng Tech Index jumped 3.3 per cent, the best increase since January 2. Mainland China’s bourses, which have been closed for Lunar New Year, will reopen on Tuesday. Food-delivery service... https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344285/hong-kong-stocks-jump-amid-flight-us-assets-after-latest-trump-tariff-threat?utm_source=rss_feed Mon, 23 Feb 2026 01:59:17 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday on the first trading day of the Year of the Horse, led by tech heavyweights, with escalating tensions between the US and Iran hurting sentiment. The Hang Seng Index closed 1.1 per cent lower at 26,413.35, after the market reopened following a three-day holiday for the Lunar New Year. The Hang Seng Tech Index dropped 2.9 per cent. Mainland China’s bourses are closed this week and will reopen on Tuesday. E-commerce major Alibaba Group Holding slumped 4.9 per cent to... https://www.scmp.com/business/china-business/article/3344062/hong-kong-stocks-fall-market-reopens-after-3-day-lunar-new-year-holiday?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3344062/hong-kong-stocks-fall-market-reopens-after-3-day-lunar-new-year-holiday?utm_source=rss_feed Fri, 20 Feb 2026 02:04:32 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Monday as investors headed into the Lunar New Year holiday on an upbeat note, betting that the Year of the Horse will extend a rally that delivered the biggest lunar-year gain in eight years amid strong southbound inflows. The Hang Seng Index rose 0.5 per cent to 26,705.94 at the close of trading at noon, ending a two-day decline. The Hang Seng Tech Index added 0.1 per cent. The Hang Seng Index is up 32 per cent since the Year of the Snake began on January 29, 2025, the... https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343666/hong-kong-stocks-slip-light-trading-investors-prepare-lunar-new-year-break?utm_source=rss_feed Mon, 16 Feb 2026 01:51:02 +0000 Yulu Ao Yulu Ao South Korean investors returned to mainland equities at the start of 2026, ramping up purchases of Hong Kong-listed players in artificial intelligence and semiconductors amid enduring enthusiasm for the tech sector. They bought US$92.5 million worth of Hong Kong-listed shares this year as of February 13, according to data from SEIBro, a portal maintained by the Korea Securities Depository. The buying was concentrated in newly listed technology companies and exchange-traded funds (ETFs) tracking... https://www.scmp.com/business/china-business/article/3343628/korean-investors-pour-us925-million-hong-kong-listed-ai-tech-stocks?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343628/korean-investors-pour-us925-million-hong-kong-listed-ai-tech-stocks?utm_source=rss_feed Mon, 16 Feb 2026 00:30:13 +0000 Themis Qi Themis Qi The highest-paid independent non-executive director (INED) of a Hong Kong-listed company in 2024 made US$1.67 million, nearly 2,000 times what the lowest-paid INED received, drawing attention to a potential disconnect between pay and the responsibilities of the role. The lowest-paid INED received 6,000 yuan (US$867.94) in 2024, according to a survey by the Hong Kong Independent Non-Executive Director Association (HKINEDA), which was based on the 2024 annual reports of more than 2,600 listed... https://www.scmp.com/business/companies/article/3343485/why-its-troubling-hong-kong-board-member-pay-ranges-us850-us167-million?utm_source=rss_feed https://www.scmp.com/business/companies/article/3343485/why-its-troubling-hong-kong-board-member-pay-ranges-us850-us167-million?utm_source=rss_feed Sun, 15 Feb 2026 03:30:10 +0000 Zhang Shidong,Julie Zhang Zhang Shidong,Julie Zhang Electric-vehicle battery maker Contemporary Amperex Technology (CATL), copper miner CMOC Group and gold jewellery retailer Laopu Gold will join the Hang Seng Index next month following the latest quarterly review, as the compiler of the city’s stock benchmark pushes ahead with its plan to boost the number of constituent stocks after Hang Seng Bank withdrew its listing status. The three companies will be added to the gauge after the market close on March 6. Chinese car dealer Zhongsheng Group was... https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343521/catl-cmoc-group-laopu-gold-join-hang-seng-index-latest-quarterly-review?utm_source=rss_feed Fri, 13 Feb 2026 11:39:30 +0000