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A view of New World Tower in Central on September 26, 2024. Photo: Jelly Tse

New World Development ejected from Hang Seng Index

Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.

Recap | China’s tech giants defy economic woes: 6 latest earnings reports

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Hong Kong stock sell-off deepens with benchmark capping weekly loss

Baidu’s 8.6 per cent slump makes it the benchmark’s worst performer; Alibaba falls 4.4 per cent.

A screen displays market data outside the Hong Kong stock exchange. Photo: EPA-EFE

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

PDD’s results, including a 66 per cent jump in net revenue, outperformed rivals, but it did not allay investor concerns amid e-commerce competition.

Hong Kong stocks fall after 3 days of gains as traders await catalysts

Sentiment has cooled and cautious mood now dominates trading after the previous rally, Shengang Securities analyst says.

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Editorial | More growth ahead as cross-border Connect turns 10

Status of Hong Kong as offshore financial hub for mainland China has been greatly enhanced by ever-widening investment scheme.

Investors watch stock market trends at a securities firm in Nanjing, in east China’s Jiangsu province. A cross-border stock scheme, which is marking its 10th anniversary, provides mainland investors with new avenues to channel their money. Photo: Xinhua

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

China Mobile in talks to buy broadband service provider HKBN

HKBN says its board received a proposal for a cash bid from China Mobile.

Could Hong Kong property tycoons’ backing lead to revival of IPOs?

Hong Kong billionaires are cornerstone investors in SF Holding’s US$793 million IPO, the first time tycoons have backed a listing in the city since 2022.

SF Holding, the parent of SF Express, will list in Hong Kong next week. Photo: Reuters

Hong Kong stocks rise as Howard Marks and Bob Prince see bargains in China

Oaktree Capital’s Howard Marks says the investment firm was looking for bargains on the onshore market.

A screen shows stock market movements in Beijing. Photo: AFP

Chinese courier giant seeks up to US$793 million from Hong Kong IPO

China’s largest express delivery company is selling 170 million shares at HK$32.30 to HK$36.30 each, with the listing to take place on November 27.

Top bankers stress resilience and wisdom key to navigating uncertainty

Speakers at the Global Financial Leaders’ Investment Summit say collaboration and strategic thinking hold the key to tackling a divided world.

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Hong Kong stocks rise as China pledges support at financial summit

Vice-Premier He Lifeng outlines plans to boost listings, market access and yuan trading, while Trip.com’s strong earnings lifts sentiment.

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Screens showing the Hang Seng Index and stock prices are seen outside Exchange Square in Hong Kong. Photo: Reuters

Chinese banks surge on CSRC guideline urging more shareholder returns

Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance.

Shares of top banks, including ICBC, rose on Monday after the regulator pushed for increased shareholder returns. Photo: EPA-EFE

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

Top bankers gather in Hong Kong for summit as regulators promise more reforms

Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech.

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Exclusive | China is ‘very much’ investible, offers unique diversification: Bridgewater

More stimulus is needed as spending is still too low to achieve its growth target, co-CIO Prince says.

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Bob Prince, co-chief investment officer of Bridgewater Associates, during a panel discussion at the 2024 Family Business Summit in Hong Kong on November 16, 2024. Photo: Jelly Tse

Hong Kong stocks halt 6-day decline, led by Chinese banks

Listed companies with stock prices below book value need to come up with plans to reverse course, the CSRC said on Friday.

BlackRock’s AI is watching – and helping to make stock picks

How asset managers are exploring the use of artificial intelligence, while regulators including Hong Kong’s watchdog try to set guard rails.

How the idea to link up Asia’s 2 largest stock markets was born

The exchange link between Shanghai and Hong Kong went live on November 17, 2014.

Illustration: Henry Wong

Hong Kong stocks cap 6-day slide as China data fails to impress

Retail sales growth of 4.8 per cent and a slower decline in home prices were not enough to raise investors’ spirits.

People walk in a popular outdoor shopping mall in Beijing on November 14, 2024. Photo: AP

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

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Editorial | Winners and losers with Hong Kong’s wind of change

While Hong Kong stock exchange for the first time traded normally through a typhoon No 8, the city’s popular horse racing took a hit.

Shanghai hedge fund Pinestone denies trade-secret theft charge against co-founder

US Attorney’s Office in Massachusetts indicted Xiao Zhang last month for stealing trade secrets while working for an unnamed US fund in 2021.

Traders work on the floor of the New York Stock Exchange on November 13, 2024. Photo: AFP

Hong Kong stock market operates as normal during first-ever typhoon trading day

Turnover of HK$173.31 billion (US$22.2 billion) exceeds the 10-month daily average of HK$127.8 billion, but falls short of HK$184.66 billion a day earlier.

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Pedestrians walk past Exchange Sqaure in Central under the Storm Signal No.8. Photo: Sam Tsang

Hong Kong stocks cap longest losing run in 2 months on stimulus letdown

Investors have started to ‘lose confidence and patience’ as they wait for China to enact ‘whatever it takes’ measures, analyst says.

UBS cuts China stock forecast amid Trump tariff threat, weak stimulus

Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus.

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Stocks
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
last updated:
9 September, 2024
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