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Citic Futures

Citic Futures
The latest news and top stories on Citic Futures. A leading entity in the financial services sector, Shenzhen-based Citic Futures specialises in commodity and financial futures brokerage investment consulting asset management and risk management. They primarily serve institutional and individual investors across China and globally. Wholly owned by CITIC Securities, the company is recognised for its industry leadership in performance indicators and numerous awards including "Best wealth management in China". Its overall business focus is on comprehensive financial services and steady growth.
The inspection will focus on whether banks have complied with a circular outlining expectations on staffing and quality controls when handling IPOs, according to the SFC. Photo: Yik Yeung-man
Hong Kong stock market

SFC prepares to inspect Hong Kong IPO listing sponsors amid quality concerns

Market regulator will soon begin inspection of investment banks amid concerns about deficiencies in listing documents and misconduct.

Hong Kong economy

Editorial | Zero tolerance for insider trading central to Hong Kong’s financial future

Artificial intelligence

China signals global AI push as MiniMax CEO joins meeting with Premier Li Qiang

China Future Tech briefing

New Energy | China AI, mega-batteries stoke renewables power drive

Artificial intelligence, new energy-storage facilities and power lines stretching across the country are helping China boost energy efficiency and take advantage of its renewable power resources.

China AI, mega-batteries stoke renewables power drive
VR and AR

China’s telecoms giants bet on AR smart glasses with major investment in RayNeo

The investment comes as RayNeo debuts the world’s first consumer AR glasses integrated with eSIM and 4G connectivity at CES.

China consumption

China rolls out trade-in funding for 2026 as campaign to spur spending continues

The programme, which has helped stimulate consumption increases, will continue to subsidise purchases of big-ticket goods and refurbishments.

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China property

China Jinmao sells 5-star Ritz-Carlton hotel in Sanya for US$322 million

Asset restructuring aims to boost liquidity as mainland China developers face a prolonged property downturn.

Ritz-Carlton Sanya Yalong Bay has demonstrated mature and stable operations with favourable profitability and cash flow, says China Jinmao. Photo: Keith Chan
Artificial intelligence

Chinese expert calls for world models and safety standards for embodied AI

Turing Award winner Andrew Yao says embodied AI needs reasoning, planning and control in one framework.

Hong Kong stock market

Hong Kong stocks end flat as traders await policy signals from China conference

Investors look to CEWC for growth target, property sector stabilisation and measures to boost domestic demand.

Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

Guangdong Tianyu Semiconductor plans to raise US$223.42 million at its Hong Kong listing. Photo: Handout
China's space programme

Explainer | Why China’s space sector is grabbing attention – including from Elon Musk

Chinese start-up LandSpace is set to launch its first reusable rocket on Saturday. If it succeeds, it will give China’s space sector a major boost.

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The Zhuque-3 rocket completes a launch test at a site in China’s northwestern Gansu province last year. The device is one of several reusable rockets under development in China. Photo: Getty Images
Banking & finance

CICC to absorb 2 smaller rivals to create US$140 billion brokerage

CICC will acquire Dongxing Securities and Cinda Securities through stock swaps with the shareholders of the two smaller rivals.

Bonds

Hong Kong extends digital bond ambitions with third offering

Government looking to sell digital green bonds denominated in US dollars, Hong Kong dollars, euros and offshore yuan, sources say.

Insurance

Chinese listed companies’ earnings surge on capacity cut, tech self-sufficiency

The strong quarterly results are expected to boost a rally in Chinese stocks that has been fuelled by a shift of bank savings to risk assets.

The earnings of mainland China-listed companies jumped 11.6 per cent from a year ago, compared with a 1.2 per cent rise in the second quarter and 3.2 per cent growth in the January-March period, according to China Merchants Securities. Photo: Reuters
IPO

China’s Sany Heavy starts gauging investor interest for Hong Kong stock offering

The construction-machinery maker plans to raise US$1.5 billion from the listing, sources say.

Employees work on the assembly line at Sany Heavy Industry’s factory in Huzhou, Zhejiang province. Photo: VCG/VCG via Getty Images
Xinjiang

Explainer | What makes the Xinjiang-Tibet mega railway China’s ‘project of the century’?

The ambitious project will cut through glaciers and mountains, bridging two regions long isolated by geography.

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Banking & finance

HSBC, Standard Chartered complete first yuan repo under new scheme

Under the scheme, all overseas institutional investors in the onshore bond market can remit yuan obtained for offshore use.

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China deflation

China’s latest steel industry plan signals tougher action to curb overproduction

The action plan, which imposes a strict ban on extra capacity, could be a blueprint for other sectors plagued by price wars, analysts say.

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An employee works at a factory producing steel structures in the eastern Chinese city of Hangzhou. China’s steel industry is plagued by overproduction and weak demand. Photo: AFP
US-China tech war

China’s legacy chipmakers surge after Beijing targets US analogue ICs

Leading the rally was Beijing-based SG Micro whose shares on Shenzhen’s ChiNext board surge by the maximum 20 per cent limit on Monday.

China energy security

Already world’s top energy-storing nation, China to supercharge capacity by 2027

New plan calls for expansion of energy-storage applications, including more projects in desert areas and at retired coal-fired power plant sites.

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US-China trade war

Why China launched probe into US chips – and what it means for domestic firms

Analysts believe the investigation could force foreign firms to cede market share, triggering a wave of domestic sourcing.

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Flags of China and US are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken on February 17, 2023. Photo: Reuters
IPO

Unitree to file IPO documents in fourth quarter for likely A-share listing

Unitree’s IPO statement played down concerns after hobbyists and military fans posted videos of its robot dogs fitted with machine guns.

Unitree Robotics’ Go2-W robot dog interacted with an attendee during the Mobile World Congress (MWC) in Barcelona on March 3, 2025. Photo: AFP
China shipbuilding

‘Historical evolution’: China’s shipping firms pivot amid looming US port fees

The shipping industry is undergoing ‘unprecedented’ changes as the US prepares to hit Chinese-linked vessels with steep levies.

Banking & finance

Junior bankers get up to 30% pay rises in Hong Kong deals boom

Deal-making is flourishing in Hong Kong, driven by the listing of mainland Chinese companies.

China Evergrande Group

Liquidators hire UBS and Citic to sell Evergrande’s property services unit

Court-appointed liquidators are working with UBS Group and Citic Securities to seek potential buyers for the subsidiary, Evergrande Property Services Group.

A residential property project by China Evergrande Group in Nanjing, the provincial capital of Jiangsu in eastern China on December 30, 2023. Photo: Getty Images
China shipbuilding

China’s mammoth merger of shipbuilders nears, and so do the industry implications

With the United States looking to revive its shipbuilding industry, the combined forces of two state-owned shipbuilders will help shore up China’s dominance.

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Ships are being built at the China Merchants Industry Jinling Shipyard in Jiangsu province on July 21. Photo: AFP
China shipbuilding

Behind Trump’s South Korea deal, a plan to transform global shipbuilding

South Korea has pledged US$150 billion to help the US rebuild its shipbuilding industry – and compete with China.

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China shipbuilding

China’s shipbuilding lead endures, but market share dips amid US port-fee threat

Industry association says China ‘continues to maintain its global leadership’, in terms of ship completions, new orders and outstanding orders.

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