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Stocks

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

China

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

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Artificial intelligence

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

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.

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.

A worker in Hong Kong. Photo: EPA-EFE
IPO

Hong Kong to boost financial reforms to aid Chinese firms: Paul Chan

Amid geopolitical tensions, city can help mainland firms that are struggling to raise funds abroad, financial secretary says.

Hong Kong stock market

Chinese game developer Boyaa rides bitcoin boom; Hong Kong shares rise ninefold

The company, which develops online card and board games, started investing in digital currencies in 2023.

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Hong Kong stock market

Hong Kong stocks trade close to 2-month low, NWD drops on Hang Seng removal

Turnover on the city’s stock market was about 5 per cent lower than the 30-day average.

People passed a bank in Hong Kong. Photo: Agence France Presse
Focus

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

Illustration: Henry Wong
Hong Kong stock market

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.

SCMP Highlights

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

How have some of China’s biggest tech companies fared in their third-quarter earnings revelations? Find out in some of our latest stories.

Mergers & Acquisitions

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

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

Guotai Junan Securities and Haitong Securities announced the details of their merger plan on Friday. Photo: Shutterstock
Hong Kong stock market

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.

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

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 stock market

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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Banking & finance

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

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.

Mergers & Acquisitions

China Mobile in talks to buy broadband service provider HKBN

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

IPO

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 stock market

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
IPO

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.

Banking & finance

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 stock market

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
China stock market

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

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.

HKEX

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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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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