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Stocks

Makeup artist Mao Geping. Photo: Weibo
IPO

Chinese cosmetics firm Mao Geping prices shares at top end of range ahead of IPO

Shares were priced at HK$29.80, according to exchange filings.

Hong Kong stock market

Hong Kong stocks mount biggest rally in 7 weeks after Politburo pledges more policy easing

Hong Kong stock market

Hong Kong stocks rise on stimulus hopes ahead of key China economic meeting

China stock market

Investors search for fresh China stimulus signs ahead of economic conference

Increasing the government’s budget or support measures for consumption and the property market would be welcomed by investors.

A man walks by a screen tracking Chinese stocks in Beijing. Photo: Agence France Presse
Banking & finance

The View | Trump could upend the US economy just as China is recovering

Trump’s economic strategy could change narratives not only about US markets but Chinese ones as well.

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Banking & finance

China had nearly 100 fewer billionaires in 2024, UBS says

In Hong Kong, the billionaire tally rose to 74 from 68.

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Hong Kong stock market

Hong Kong stocks drop from 3-week high before key China policy meeting

Stocks retreated from a three-week high as a new round of tech curbs suggests more troubles ahead in US-China trade.

Workers look at stock screens while an electronic board shows the Hang Seng Index on November 6, 2024. Photo: EPA-EFE
Hong Kong stock market

ESR shares rally on US$7.1 billion take-private offer from founders, funds

Consortium offers HK$13 per share to take ESR private, or a stock swap with an offshore entity in a bid to refocus its business.

Artificial intelligence

Chinese facial recognition pioneer SenseTime pivots to GenAI

The company hopes to ‘better address the opportunities as well as challenges brought about by the AI 2.0 era’.

Hong Kong stock market

Hong Kong stocks trade near 3-week high, led by SMIC, Trip.com

Investors weigh heightened US-China trade tensions versus prospect of additional economic stimulus measures.

The logo of Semiconductor Manufacturing International Corp, pictured at the chipmaker’s facilities in Shanghai on March 15, 2024. Photo: AFP
Mergers & Acquisitions

China’s 2025 M&As may rise 15% as deals bottom out, UBS says

UBS says China M&A deal volume fell 10 per cent in November from a year earlier to US$297 billion.

Samson Lambert Lo of UBS. Photo: Aileen Chuang
Hong Kong property

Hong Kong property deals hit 7-month high, but December slowdown looms

Some 7,689 real estate transactions worth US$8.2 billion were completed last month, according to the Land Registry.

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Bonds

China’s 10-year bond yield slumps to record low, pressuring yuan

‘Staggering’ new low signals ‘chilling risk forecast’ amid a deflationary spiral ‘eerily reminiscent’ of Japan’s long malaise, analyst says.

Hong Kong stock market

Hong Kong stocks jump to 3-week high as investors await China stimulus

Biotech firms WuXi Bio and WuXi AppTec soar, while China Mobile slips after making a bid for broadband service provider HKBN.

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A person walks past an electronic screen displaying the Hang Seng Index on November 6. AP Photo
IPO

C-beauty brand Mao Geping to debut in Hong Kong with US$270 million IPO

Namesake founder rose to prominence as a make-up artist who helped Liu Xiaoqing play an empress who aged from 15 to 80 years in a TV drama.

Mao Geping will be the first Chinese beauty brands to list on the Hong Kong stock exchange. Photo: Weibo/ Mao Geping
Hong Kong stock market

Hong Kong shares rise on China factory activity as stimulus takes hold

The widely watched Caixin factory gauge expanded for a second straight month to reach the highest level since June.

United States

Opinion | An America awash in global capital risks spreading financial instability

Free capital flows accelerate economic growth but can also be destabilising, spreading jitters via financial markets.

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US election 2024: Asia impact

Rush to ‘value up’ may be Asia stocks’ best defence against Trump

Governments and regulators across Asia are hurrying to implement their own versions of Japan’s decade-long ‘Value Up’ programme.

Donald Trump’s US election victory and his adversarial trade policies threaten to undermine Asia’s economic growth and corporate earnings. Photo: Getty Images via AFP
China's economic recovery

Stimulus perplexity: why Beijing, foreign investors can’t see eye to eye

It’s been a tumultuous two months since Beijing fired off a salvo to shore up China’s economy, and divergent perceptions show not everyone is on the same page.

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Alibaba

Jack Ma returns to Alibaba campus in sign of support

The founder’s visit is his first known trip to his hometown since March 2023.

Hong Kong stock market

Hong Kong stocks cap second straight monthly decline

Sentiment on Hong Kong stocks took a beating this month, with a slew of headwinds for China’s growth outlook.

Construction workers on a site in Central. Photo: Jelly Tse
Hong Kong stock market

Hong Kong stocks slide after posting biggest gain in 5 weeks

Stocks struggle to emerge from a slump that has dragged benchmark down more than 15 per cent from this year’s high in October.

On the waterfront in Tsim Sha Tsui. Photo: Sam Tsang
China

China needs US$1.4 trillion to boost consumption as trade war 2.0 looms

The cash injection will be sufficient to stimulate consumer spending and stock market, HSBC Asset analyst says.

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Artificial intelligence

Founder of an early AI firm in China steps back as GenAI takes spotlight

Losses at the image recognition firm have surpassed those of 2023, as it grapples with challenges from new technology and client concentration.

Hong Kong stock market

Hong Kong stocks stage largest rally in 5 weeks; hopes rise for new stimulus

Industrial profits at large Chinese companies dropped 10 per cent from a year earlier in October.

Hong Kong from the sky. Photo: May Tse
Banking & finance

‘China’s FedEx’ delivers a lacklustre trading debut in Hong Kong

Shares of the Chinese courier firm SF Holding began trading at HK$34.30, unchanged from its IPO price.

Trading debut of SF Holding on the Hong Kong stock exchange on November 27, 2024. Photo: Mia Castagnone.
IPO

Hong Kong to fast track mainland Chinese firms’ IPOs to revive market

Listing approvals for China’s onshore-listed companies will be streamlined provided they meet certain criteria, HKEX CEO Bonnie Chan says.

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Hong Kong stock market

Hong Kong stocks waver as investors assess Trump’s new China tariffs

Trump said he would impose an additional 10 per cent tariff on goods from China.

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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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