https://www.scmp.com/rss/7/feed Updated share price information on listed securities en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Julie Zhang Julie Zhang Hong Kong initial public offerings (IPOs) are attracting strong international demand as global funds rebuild their exposure to China after years of underinvestment, according to Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing. The Hong Kong stock exchange was seeing “very good momentum on both the supply and demand sides” for IPOs, Chan told a panel discussion at the HSBC Global Investment Summit on Wednesday. On the “cornerstone front”, last year saw “a very strong pickup by... https://www.scmp.com/business/banking-finance/article/3350162/global-funds-fuel-hong-kong-ipo-rebound-investors-rebalance-china-portfolios-hkex?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3350162/global-funds-fuel-hong-kong-ipo-rebound-investors-rebalance-china-portfolios-hkex?utm_source=rss_feed Wed, 15 Apr 2026 09:00:13 +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 Julie Zhang Julie Zhang US dollar-denominated funds could face more hurdles when investing in Chinese tech and biotech companies as Beijing adopts a stricter approach to companies seeking listings via offshore incorporated vehicles. Indicative of Chinese regulators’ caution in overseeing sensitive industries, industry sources say the move ensures that any sale of assets does not escape regulatory scrutiny. And for any offshore incorporated structures that are approved, the stock regulator requires listing applicants to... https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3349166/stricter-chinese-scrutiny-offshore-vehicles-blow-tech-and-biotech-ipo-candidates?utm_source=rss_feed Tue, 07 Apr 2026 00:00:09 +0000 Enoch Yiu Enoch Yiu Hong Kong has retained its top position in terms of initial public offering (IPO) funds raised in the first quarter of this year but industry experts said the city could lose its lead to the US over the full year given the number of mega IPOs expected there, from OpenAI to Elon Musk’s SpaceX. A total of 37 companies raised about US$13.26 billion on the Hong Kong stock exchange’s main board in the three months ended March 31, according to data released on Tuesday by LSEG Data and Analytics. That... https://www.scmp.com/business/banking-finance/article/3348536/hong-kong-retains-global-ipo-crown-first-quarter-faces-us-mega-listings?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348536/hong-kong-retains-global-ipo-crown-first-quarter-faces-us-mega-listings?utm_source=rss_feed Tue, 31 Mar 2026 11:30:12 +0000 Julie Zhang,Daniel Ren Julie Zhang,Daniel Ren Biotech firm Hangzhou Diagens Biotechnology is banking on artificial intelligence-powered chromosome testing to drive profit growth following its Hong Kong listing, as China’s falling fertility rate spurs demand for assisted reproduction. “In China, many young people do not want to marry or have children, and by the time they decide to start a family, they need medical help to do so,” said Diagens’ founder and executive director Song Ning. “We are meeting an increasing number of couples every... https://www.scmp.com/business/banking-finance/article/3348335/chinese-company-use-ai-powered-chromosome-testing-boost-profits-and-fast-track-ivf?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3348335/chinese-company-use-ai-powered-chromosome-testing-boost-profits-and-fast-track-ivf?utm_source=rss_feed Mon, 30 Mar 2026 02:45:34 +0000 Julie Zhang Julie Zhang Insilico Medicine has signed a potential multibillion-dollar deal with Eli Lilly to license out an early-stage drug pipeline and provide its artificial intelligence platform services in research and development collaborations. Under the agreement announced on Monday, US-headquartered, Hong Kong-listed Insilico will receive an upfront payment of US$115 million. The deal could have a total value of around US$2.75 billion tied to development, regulatory and commercial milestones, plus tiered... https://www.scmp.com/business/china-business/article/3348333/hong-kong-listed-insilico-medicine-signs-ai-drug-development-deal-eli-lilly?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3348333/hong-kong-listed-insilico-medicine-signs-ai-drug-development-deal-eli-lilly?utm_source=rss_feed Mon, 30 Mar 2026 01:24:48 +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 Enoch Yiu Enoch Yiu Hong Kong Investment Corporation (HKIC), the government’s investment arm, has teamed up with venture capital firm Gobi Partners and the University of Hong Kong (HKU) to launch a fund on Tuesday to invest in technology start-ups spun off from the university’s research breakthroughs, according to an HKIC statement. Gobi-HKU Fund I made two investments at its launch: Manifold Tech, which develops spatial intelligence for robotics, and AilsynBio, which focuses on artificial intelligence-driven drug... https://www.scmp.com/business/banking-finance/article/3347689/hkic-gobi-partners-and-hku-team-fund-backing-university-research-start-ups?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347689/hkic-gobi-partners-and-hku-team-fund-backing-university-research-start-ups?utm_source=rss_feed Tue, 24 Mar 2026 07:21:49 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and quality controls when handling initial public offerings (IPOs) in Hong Kong. For example, the SFC expected... https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed Thu, 19 Mar 2026 11:00:18 +0000 Julie Zhang Julie Zhang Chinese contract drug makers – including WuXi AppTec, WuXi Biologics and WuXi XDC – face a less certain long-term revenue outlook as US pharmaceutical companies bring production in-house and reconfigure supply chains amid rising US-China tensions. While near-term earnings remained largely locked in, visibility beyond that was limited, according to Cui Cui, head of healthcare research for Asia at Jefferies. “Earnings visibility for 2026 and 2027 is still very strong – revenue momentum is largely... https://www.scmp.com/business/china-business/article/3346911/us-reshoring-drive-casts-shadow-over-chinas-contract-drug-makers-analyst?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346911/us-reshoring-drive-casts-shadow-over-chinas-contract-drug-makers-analyst?utm_source=rss_feed Tue, 17 Mar 2026 11:48:41 +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 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 Julie Zhang Julie Zhang Mainland Chinese investors can now buy shares in more than a dozen newly added Hong Kong-listed biotech and pharmaceutical companies after a reshuffle of the Stock Connect southbound trading list took effect on Monday, reflecting the sector’s growing role on the international stage. Foreign capital, however, remained cautious, analysts said. “Mainland buyers have been the main force behind the latest healthcare rally. They tend to chase smaller-cap names where a tight free float makes it easier... https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3346016/china-investors-energise-hong-kong-biotech-stocks-foreign-money-missing-out?utm_source=rss_feed Mon, 09 Mar 2026 23:30:07 +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 Julie Zhang Julie Zhang Hong Kong-listed Insilico Medicine has signed a cooperation agreement with the United Arab Emirates’ drug regulator to advance the use of its artificial intelligence tools in drug discovery across the region, even as geopolitical tensions escalate in the Middle East. Shares of Insilico rose as much as 12.8 per cent in morning trading on Thursday before paring gains to close 8.6 per cent higher at HK$56.10. The advance outpaced the benchmark Hang Seng Index, which edged up 0.3 per cent. The... https://www.scmp.com/business/china-business/article/3345614/insilico-medicine-advances-middle-east-push-uae-ai-drug-discovery-deal?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345614/insilico-medicine-advances-middle-east-push-uae-ai-drug-discovery-deal?utm_source=rss_feed Thu, 05 Mar 2026 22:30:07 +0000 Julie Zhang Julie Zhang The pace and size of outlicensing deals between Chinese drug makers and global partners have accelerated this year, highlighted by two agreements announced this week, each worth more than US$1 billion. The string of deals shows how China is becoming a sought-after source of drug candidates for multinational pharmaceutical companies, which are increasingly looking for long-term partnerships rather than one-off arrangements, analysts said. The latest deals, Sino Biopharmaceutical’s agreement with... https://www.scmp.com/business/china-business/article/3345404/china-outlicensing-tops-us52-billion-first-two-months-rise-global-deals?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3345404/china-outlicensing-tops-us52-billion-first-two-months-rise-global-deals?utm_source=rss_feed Wed, 04 Mar 2026 09:30:11 +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 Julie Zhang,Yulu Ao Julie Zhang,Yulu Ao Until last year, Fidelity International’s most significant cornerstone commitments on the Hong Kong initial public offering (IPO) market dated back to 2021, when Chinese short-video platform Kuaishou Technology raised US$5.4 billion and healthcare firm Medlive Technology completed a US$543.4 million listing. Then for the next four years, the asset manager went quiet. Late last year it returned to Chinese assets in force. It backed gold miner Zijin Gold International’s US$3.2 billion listing in... https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed Sat, 28 Feb 2026 02:00:57 +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 Yulu Ao Yulu Ao Hong Kong stocks fell on Thursday after Beijing’s market regulator summoned major online platforms for talks over irregularities in the online sale of train tickets ahead of Lunar New Year, triggering losses among technology heavyweights. The Hang Seng Index dropped 0.9 per cent to 27,032.54 at the close, ending a three-day streak of winning sessions. The Hang Seng Tech Index declined 1.7 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.1 per... https://www.scmp.com/business/markets/article/3343249/hong-kong-stocks-slip-beijing-regulator-summons-tech-firms-train-ticket-complaints?utm_source=rss_feed https://www.scmp.com/business/markets/article/3343249/hong-kong-stocks-slip-beijing-regulator-summons-tech-firms-train-ticket-complaints?utm_source=rss_feed Thu, 12 Feb 2026 01:57:50 +0000 Julie Zhang Julie Zhang Unisplendour Corporation, a subsidiary of state-backed Tsinghua Holdings, has scrapped its Hong Kong listing plan that had been in the works for nearly a year. The Shenzhen-listed company said in an exchange filing on Wednesday that its board had voted to terminate the proposed share issuance on the Hong Kong stock exchange. The termination would not have any “significant impact” on its business operations, the statement added. Simultaneously, Unisplendour announced plans to raise up to 5.57... https://www.scmp.com/business/banking-finance/article/3343228/shenzhen-listed-unisplendour-abandons-year-long-effort-raise-funds-hong-kong?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343228/shenzhen-listed-unisplendour-abandons-year-long-effort-raise-funds-hong-kong?utm_source=rss_feed Thu, 12 Feb 2026 00:00:37 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Wednesday, supported by holiday-related flows ahead of the Lunar New Year break, with investors adjusting positions as the market heads into a shortened trading schedule next week. The Hang Seng Index rose 0.3 per cent to 27,266.38 at the close of trading, adding to the 0.6 per cent gain recorded on Tuesday. The Hang Seng Tech Index climbed 0.9 per cent. On the mainland, the CSI 300 Index fell 0.2 per cent and the Shanghai Composite Index added 0.1 per cent. Wuxi... https://www.scmp.com/business/china-business/article/3343127/hong-kong-stocks-rise-positive-holiday-bias-sets-ahead-lunar-new-year?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343127/hong-kong-stocks-rise-positive-holiday-bias-sets-ahead-lunar-new-year?utm_source=rss_feed Wed, 11 Feb 2026 01:52:29 +0000 Julie Zhang Julie Zhang Chinese healthcare companies are looking to expand overseas to serve Chinese communities in regions such as the Middle East and Southeast Asia, where many mainland companies are setting up operations across sectors. “A wide range of Chinese companies are expanding overseas,” setting up local operations and bringing Chinese employees with them, said Philip Wang, CEO of Distinct Healthcare Holdings, in an interview on Monday. “Chinese expatriate workers are often not familiar with the local... https://www.scmp.com/business/china-business/article/3343106/chinese-healthcare-firms-expand-overseas-support-growing-expat-community?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3343106/chinese-healthcare-firms-expand-overseas-support-growing-expat-community?utm_source=rss_feed Wed, 11 Feb 2026 01:00:34 +0000 Julie Zhang Julie Zhang Investors in mainland China raised their stakes in Hong Kong-listed drug makers through the cross-border trading link over the past week, as a wave of out-licensing deals between the country’s pharmaceutical firms and global partners rolls on. The Hang Seng Southbound Connect Hong Kong Innovative Drug Index, which tracks around 40 of the largest Hong Kong-listed Chinese drug manufacturers, biotech researchers and AI-driven drug developers by market capitalisation, rose about 8 per cent between... https://www.scmp.com/business/banking-finance/article/3343011/chinese-investors-pour-hong-kong-listed-drug-stocks-international-deals-multiply?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343011/chinese-investors-pour-hong-kong-listed-drug-stocks-international-deals-multiply?utm_source=rss_feed Tue, 10 Feb 2026 05:00:18 +0000 Themis Qi Themis Qi Chinese artificial intelligence system-on-chip (SoC) supplier Axera Semiconductor traded flat on its debut in Hong Kong on Tuesday, as market sentiment turned to favour profitable industry leaders. Shares of the Zhejiang province-based firm closed at HK$28.20, the same as the offer price, after briefly rising above HK$29 in morning trade. It ended the day with a market capitalisation of over HK$16.5 billion. The company issued 100 million shares, raising HK$2.96 billion (US$378.7 million). Axera... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3342998/mainland-ai-chip-supplier-axera-trades-flat-hong-kong-debut-investor-frenzy-cools?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3342998/mainland-ai-chip-supplier-axera-trades-flat-hong-kong-debut-investor-frenzy-cools?utm_source=rss_feed Tue, 10 Feb 2026 03:40:35 +0000 Julie Zhang Julie Zhang Stock exchanges in Shanghai, Shenzhen and Beijing – the three major bourses in mainland China – announced a package of measures on Monday to fast-track fundraising for cutting-edge firms amid the country’s self-reliance push in tech. The three operators said they would shorten waiting periods for listed technology firms filing for refinancing or post-initial-public-offering (IPO) fundraising activities, cutting the refinancing interval to as little as six months, according to state news agency... https://www.scmp.com/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed Tue, 10 Feb 2026 03:26:47 +0000 Yulu Ao,Zhu Wenqian Yulu Ao,Zhu Wenqian A global swing over the past few days - from technology stocks to commodities and then extending to already sold down cryptocurrencies - has rattled investors, as violent cross-asset moves force markets to face a fundamental repricing in the digital economy and the broader implications of artificial intelligence. Analysts now warn that heightened volatility across asset classes could persist for months. The reassessment has played out through sharp declines across major benchmarks, led by a... https://www.scmp.com/business/china-business/article/3342680/tech-sell-rattles-investors-cross-asset-volatility-set-linger?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342680/tech-sell-rattles-investors-cross-asset-volatility-set-linger?utm_source=rss_feed Fri, 06 Feb 2026 09:56:10 +0000 Julie Zhang Julie Zhang A unit of Fosun Pharma has struck a US$1.55 billion deal to license its home-grown cancer drug to Japan’s Eisai, adding to a wave of out-licensing agreements that are channelling billions of dollars into Chinese novel drug development. The deal comes as Chinese novel drug makers are having more say in how their new medicines are developed with global partners, shifting from simple one-off licensing fees, where a company is paid for granting rights to its drug, to long-term collaborations. Under... https://www.scmp.com/business/china-business/article/3342652/fosun-pharmas-us155-billion-eisai-deal-signals-shift-long-term-partnerships?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342652/fosun-pharmas-us155-billion-eisai-deal-signals-shift-long-term-partnerships?utm_source=rss_feed Fri, 06 Feb 2026 09:00:15 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Friday, losing ground for the week, as a sell-off in technology stocks continued and dropping prices for gold, silver and cryptocurrencies rattled investors. The Hang Seng Index lost 1.2 per cent to 26,559.95, marking a 3 per cent weekly loss. The Hang Seng Tech Index lost 1.1 per cent. On the mainland, the CSI 300 Index fell 0.6 per cent and the Shanghai Composite Index slipped 0.3 per cent. Technology heavyweights led losses. Search-engine operator Baidu dropped 2.2... https://www.scmp.com/business/china-business/article/3342582/hong-kong-stocks-plunge-led-mainland-tech-firms-amid-global-sell-gold-crypto?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342582/hong-kong-stocks-plunge-led-mainland-tech-firms-amid-global-sell-gold-crypto?utm_source=rss_feed Fri, 06 Feb 2026 02:08:07 +0000 Aileen Chuang Aileen Chuang Shares of China’s biggest pig breeder Muyuan Foods opened flat in their Hong Kong debut on Friday, reflecting a cooling in the city’s red-hot initial public offering (IPO) market as retail investors turn more cautious. The world’s largest hog firm’s shares first changed hands at the offer price of HK$39 and gained 3.9 per cent to HK$40.52 at the close, as the firm’s long-term growth prospects gained footing. Muyuan raised HK$10.7 billion (US$1.4 billion) after pricing the shares at the top of... https://www.scmp.com/business/banking-finance/article/3342579/chinas-biggest-pork-producer-muyuan-has-subdued-hong-kong-share-debut?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342579/chinas-biggest-pork-producer-muyuan-has-subdued-hong-kong-share-debut?utm_source=rss_feed Fri, 06 Feb 2026 01:42:24 +0000 Yulu Ao Yulu Ao Hong Kong stocks edged up on Thursday, as robust southbound inflows overcame losses in technology shares driven by valuation and AI-related concerns. The Hang Seng Index ended 0.1 per cent higher at 26,885.24 as of the close of trading, after dropping as much as 1.6 per cent. The Hang Seng Tech Index gained 0.7 per cent. On the mainland, both the CSI 300 Index and the Shanghai Composite Index lost 0.6 per cent. Search-engine operator Baidu rose 2.7 per cent to HK$140.90 after unveiling a US$5... https://www.scmp.com/business/china-business/article/3342440/alibaba-kuaishou-smic-drop-hong-kong-tech-stock-sell-ai-fears-grip?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342440/alibaba-kuaishou-smic-drop-hong-kong-tech-stock-sell-ai-fears-grip?utm_source=rss_feed Thu, 05 Feb 2026 02:13:15 +0000 Julie Zhang Julie Zhang Cathy Zhang, head of Asia-Pacific equity capital markets at Morgan Stanley, sounded hoarse after a day of back-to-back meetings with companies keen to go public in Hong Kong. “It’s very possible that the value and number may exceed last year’s IPO figures, given the momentum we have seen in January,” Zhang said in an interview on January 30. Nearly 100 companies filed for stock offerings in the city last month, more than triple the same period in 2025, a year which saw Hong Kong crowned as the... https://www.scmp.com/business/banking-finance/article/3342365/morgan-stanley-sees-another-record-year-hong-kong-ipos-pipeline-hits-450?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3342365/morgan-stanley-sees-another-record-year-hong-kong-ipos-pipeline-hits-450?utm_source=rss_feed Wed, 04 Feb 2026 23:30:38 +0000 Yulu Ao Yulu Ao Hong Kong stocks edged up on Wednesday, recovering from tech-led losses in the morning, as gains in mainland solar companies and easing concerns over a broad value-added tax (VAT) hike helped lift sentiment. The Hang Seng Index rose 0.1 per cent to 26,847.32 at the close of trading, after falling as much as 0.9 per cent earlier. The Hang Seng Tech Index fell 1.8 per cent. On the mainland, the CSI 300 Index gained 0.8 per cent while the Shanghai Composite Index added 0.9 per cent. Power-tool... https://www.scmp.com/business/china-business/article/3342300/hong-kong-stocks-slip-tax-worries-weigh-tech-mainland-stock-sentiment?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342300/hong-kong-stocks-slip-tax-worries-weigh-tech-mainland-stock-sentiment?utm_source=rss_feed Wed, 04 Feb 2026 01:52:34 +0000 Yulu Ao Yulu Ao Hong Kong stocks rose on Tuesday amid stabilising risk sentiment, but losses in technology shares capped the upside amid market chatter that Chinese authorities may target financial and internet value-added services for tax-rate adjustments. The Hang Seng Index climbed 0.2 per cent to 26,834.77 at the close of trading, after rising as much as 1.3 per cent earlier. The Hang Seng Tech Index fell 1.1 per cent. On the mainland, the CSI 300 Index gained 1.2 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3342166/hong-kong-stocks-rise-easing-geopolitical-tensions-precious-metals-gain?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342166/hong-kong-stocks-rise-easing-geopolitical-tensions-precious-metals-gain?utm_source=rss_feed Tue, 03 Feb 2026 01:48:07 +0000 Yulu Ao Yulu Ao Hong Kong stocks fell on Monday, mirroring Wall Street’s retreat, as risk sentiment evaporated after a choppy end to last week that also dragged down precious metals. The Hang Seng Index declined 2.2 per cent to 26,775.57 at the close of trading, the biggest drop since November 21. It added to a 2.1 per cent loss recorded in the previous session. The Hang Seng Tech Index dropped 3.4 per cent. On the mainland, the CSI 300 Index lost 2.1 per cent and the Shanghai Composite Index fell 2.5 per... https://www.scmp.com/business/china-business/article/3342032/hong-kong-stocks-drop-shaky-risk-sentiment-us-equities-and-metals-slide?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3342032/hong-kong-stocks-drop-shaky-risk-sentiment-us-equities-and-metals-slide?utm_source=rss_feed Mon, 02 Feb 2026 02:00:04 +0000 Yulu Ao Yulu Ao Hong Kong stocks retreated on Friday, ending a seven-day rally, as investors locked in profits on the final trading day in January after a sharp month-long surge. Investors were also cautious ahead of an announcement on the US Federal Reserve’s next chair. The Hang Seng Index fell 2.1 per cent to 27,387.11 at the close, pulling back from a multi-year high on Thursday. The benchmark climbed 6.8 per cent this month, its strongest performance since September 2025, when it finished 7.1 per cent... https://www.scmp.com/business/china-business/article/3341753/hong-kong-stocks-end-7-day-rally-investors-resort-profit-taking?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341753/hong-kong-stocks-end-7-day-rally-investors-resort-profit-taking?utm_source=rss_feed Fri, 30 Jan 2026 02:18:48 +0000 Aileen Chuang Aileen Chuang Hong Kong’s new share market continues to sizzle, with three companies seeking to raise a combined US$2 billion on Thursday, led by Chinese pig-breeding giant Muyuan Foods, which launched the city’s largest flotation of the year. The world’s largest hog firm planned to raise HK$10.7 billion (US$1.4 billion) by selling about 274 million new shares at up to HK$39 each, according to its prospectus, hot on the heels of another billion-dollar deal from Chinese drinks giant Eastroc Beverage. At the... https://www.scmp.com/business/banking-finance/article/3341623/3-mainland-chinese-firms-add-hong-kongs-ipo-boom-us2-billion-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341623/3-mainland-chinese-firms-add-hong-kongs-ipo-boom-us2-billion-fundraising?utm_source=rss_feed Thu, 29 Jan 2026 04:00:54 +0000 Yulu Ao Yulu Ao Hong Kong stocks extended gains for a seventh day on Thursday, supported by resource and property firms, with analysts maintaining an earnings-driven “slow bull” outlook for the market. The Hang Seng Index closed 0.5 per cent higher at 27,968.09, after briefly crossing 28,000 points, a level last seen in July 2021. The benchmark gained 2.6 per cent on Wednesday. The Hang Seng Tech Index dropped 1 per cent. On the mainland, the CSI 300 Index rose 0.8 per cent and the Shanghai Composite Index... https://www.scmp.com/business/china-business/article/3341611/hong-kong-stocks-snap-gains-profit-taking-concerns-over-ai-investment-returns?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341611/hong-kong-stocks-snap-gains-profit-taking-concerns-over-ai-investment-returns?utm_source=rss_feed Thu, 29 Jan 2026 02:20:11 +0000 Reuters Reuters Ras Al Khaimah, one of seven city-states in the United Arab Emirates, is stepping ‌up efforts to lure Chinese and Hong Kong investors into its ‍real estate, green and digital sectors as the UAE and China seek to deepen cooperation. The fourth largest of the seven Emirates, Ras Al Khaimah (RAK) aims to attract over 3.5 million tourists each year ⁠by 2030, up from 1.3 million in 2024. US and Hong Kong-listed integrated casino and hotel operator, Wynn Resorts, is set to open a casino there, the... https://www.scmp.com/business/investor-relations/article/3341557/ras-al-khaimah-eyes-chinese-and-hong-kong-investors-uae-china-ties-deepen?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/3341557/ras-al-khaimah-eyes-chinese-and-hong-kong-investors-uae-china-ties-deepen?utm_source=rss_feed Wed, 28 Jan 2026 10:06:38 +0000 Yulu Ao Yulu Ao Hong Kong stocks extended a rally for a fifth day on Tuesday, supported by Wall Street gains and Chinese industrial profit data pointing to improved earnings momentum for industrial firms. The Hang Seng Index closed 1.4 per cent higher at 27,126.95, the highest level since October 3. The Hang Seng Tech Index gained 0.5 per cent. On the mainland, the CSI 300 Index was little changed and the Shanghai Composite Index added 0.2 per cent. Metal firms rose as demand for non-ferrous metals continues to... https://www.scmp.com/business/china-business/article/3341323/hong-kong-stocks-rise-fifth-day-led-chinese-metals-firms?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341323/hong-kong-stocks-rise-fifth-day-led-chinese-metals-firms?utm_source=rss_feed Tue, 27 Jan 2026 02:11:04 +0000 Aileen Chuang Aileen Chuang Chinese energy-drinks maker Eastroc Beverage has kicked off a Hong Kong initial public offering (IPO) to raise up to HK$10.1 billion (US$1.3 billion), making it the city’s largest listing this year that has already seen a dozen companies raise more than US$4.5 billion. The Shanghai-listed firm was offering 40.9 million shares at a maximum price of HK$248 each, according to its prospectus filed to the Hong Kong stock exchange on Monday. At this price, the firm would be valued at around US$21... https://www.scmp.com/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed Mon, 26 Jan 2026 05:47:52 +0000 Yulu Ao Yulu Ao Hong Kong stocks closed marginally higher on Monday amid geopolitical tensions, with some investors rotating into Chinese equities as a hedge against US market volatility, while optimism over a nascent rebound in the city’s property market pushed developers higher. Haven assets such as gold and silver surged to new highs. The Hang Seng Index rose less than 0.1 per cent to 26,765.52, after dropping as much as 0.5 per cent. The Hang Seng Tech Index lost 1.2 per cent. On the mainland, the CSI 300... https://www.scmp.com/business/china-business/article/3341194/pop-mart-zijin-mining-lead-hong-kong-stocks-higher-early-trading?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3341194/pop-mart-zijin-mining-lead-hong-kong-stocks-higher-early-trading?utm_source=rss_feed Mon, 26 Jan 2026 02:01:57 +0000 Themis Qi Themis Qi China is moving forward with the initial public offering (IPO) plans of four private rocket makers this month, as Beijing pushes to build up its commercial space industry amid intensifying competition with Elon Musk’s SpaceX. The Shanghai Stock Exchange has issued questions on LandSpace Technology’s IPO application, according to an update late on Thursday, advancing the company’s plan to raise 7.5 billion yuan (US$1 billion) on the tech-focused Star market. IPO preparations also advanced at... https://www.scmp.com/news/china-future-tech/aerospace/article/3340964/chinas-rocket-start-ups-push-envelope-ipos-gather-pace?utm_source=rss_feed https://www.scmp.com/news/china-future-tech/aerospace/article/3340964/chinas-rocket-start-ups-push-envelope-ipos-gather-pace?utm_source=rss_feed Fri, 23 Jan 2026 07:30:14 +0000 Peggy Ye Peggy Ye Hong Kong is testing purpose-built student housing as an alternative land-sale model, as weak demand for commercial sites pushes the government to explore uses that can still attract investor interest. The Development Bureau on Tuesday invited expressions of interest (EOI) for student hostel development on three commercially zoned sites in Kai Tak, Siu Lek Yuen in Sha Tin, and Tung Chung East, marking the first time the government had proposed selling land through open tender with use restricted... https://www.scmp.com/business/article/3340776/hong-kong-tests-student-housing-land-sales-office-market-slowdown-curbs-tenders?utm_source=rss_feed https://www.scmp.com/business/article/3340776/hong-kong-tests-student-housing-land-sales-office-market-slowdown-curbs-tenders?utm_source=rss_feed Thu, 22 Jan 2026 06:00:27 +0000 Aileen Chuang Aileen Chuang Busy Ming Group, China’s largest snack and drink retailer, is seeking to raise up to HK$3.34 billion (US$428 million) in a Hong Kong initial public offering (IPO), testing investors’ appetite for consumer-oriented stocks. The firm, which focuses on a value model, planned to sell 14.1 million shares at HK$229.60 to HK$236.60, according to its prospectus filed with the Hong Kong stock exchange on Tuesday. The stock is expected to begin trading on January 28. Busy Ming owns two brands – Busy for... https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed Tue, 20 Jan 2026 03:55:03 +0000