33 h. ago China’s Akeso gets share boost as data shows cancer drug’s benefits

Shares of Chinese drug firm Akeso – likened by some Western media outlets to artificial intelligence start-up DeepSeek – rose after the company unveiled clinical-trial data showing that its lung-cancer drug outperformed a highly effective existing treatment. The data showed that ivonescimab had “a decisive and strong positive outcome with both significant and clinically meaningful benefits”, Akeso said in a filing with the Hong Kong stock exchange on Monday. The drug, used along with...

Events

34 h. ago Hong Kong set for IPO flurry next week with Sany leading the charge

The Hong Kong stock exchange is poised for a blockbuster day next week, as four stocks – including Sany Heavy Industry, China’s largest construction machinery manufacturer – are set to debut, positioning the city to reclaim its status as the world’s top fundraising venue this year. Among the four stocks launching on October 28, Sany Heavy Industry, already listed in Shanghai, aims to raise the highest amount, targeting up to HK$12.36 billion (US$1.59 billion) by offering 580.42 million shares in...

Politics

38 h. ago Hong Kong stocks surge on trade optimism, China economic growth

Hong Kong stocks rallied on Monday, rebounding from Friday’s steepest loss since April as US-China trade tensions showed signs of easing and China’s economic growth exceeded expectations. The Hang Seng Index jumped 2.4 per cent to 25,853.08 as of 11am. The Hang Seng Tech Index surged 3.1 per cent. On the mainland, the CSI 300 Index rose 1.2 per cent and the Shanghai Composite Index added 0.9 per cent. NetEase jumped 5.2 per cent to HK$235.40, insurance giant AIA Group added 4.3 per cent to HK$72...

Economics

4 d. ago China stock market crash: Shanghai Composite, Hong Kong benchmark Hang Seng head for worst week. Here are

China stock market crash: Shanghai Composite, Hong Kong benchmark Hang Seng head for worst week. Here are  The Economic Times

Events

4 d. ago Hong Kong stocks head for a weekly loss on tensions whiplash

Hong Kong stocks head for a weekly loss on tensions whiplash  South China Morning Post

Events

5 d. ago Hong Kong stocks slip, Beijing Yunji Technology surges 26pc on debut

Hong Kong stocks slip, Beijing Yunji Technology surges 26pc on debut  The Standard (HK)

Politics

5 d. ago Hong Kong stocks extend gains as investors weigh risk from China

Hong Kong stocks extend gains as investors weigh risk from China-US tensions  South China Morning Post

Economics

7 d. ago Chinese robotaxi firms Pony.ai, WeRide on road to Hong Kong IPOs

Pony.ai and WeRide, two leading robotaxi operators in mainland China, have taken their first steps towards share offerings on the Hong Kong stock exchange by filing fundraising plans with the securities regulator. They will join a clutch of mainland companies seeking to tap global investors’ growing interest in China’s electric vehicle (EV) industry as the key players accelerate their global expansion plans. According to documents published by the China Securities Regulatory Commission on...

Economics

8 d. ago China stocks rally to stay on course amid new Trump tariffs threat: Soochow

This year’s intense rally in Chinese stocks will not change course in spite of concerns about a revived trade war between the world’s two largest economies, according to Soochow Securities. The foundation of this round of the global bull market is a weakening US dollar, said Chen Li, CEO and chief global economist at Soochow Securities (Hong Kong), on the sidelines of the firm’s third capital market strategy meeting in Hong Kong on Monday. Chen’s assessment comes as Chinese stocks slumped on...

Politics

1 week ago Mirxes wins China’s approval to launch groundbreaking gastric cancer blood test

Cancer screening device developer Mirxes Holding has won approval from Beijing to launch a gastric cancer test, the first blood test for the disease in China’s vast oncology diagnostics market. Its leading product, GastroClear, an in-house-developed non-invasive blood test, was approved by the National Medical Products Administration of China, the Singapore-based micro ribonucleic acid (miRNA) technology firm said in a filing to Hong Kong’s stock exchange on Thursday. “GastroClear is the world’s...

Events

1 week ago Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China

Hong Kong stocks fall on disappointing ‘golden week’ retail sales in China  South China Morning Post

Politics

1 week ago Hong Kong stocks fluctuate on disappointing ‘golden week’ retail sales in China

Hong Kong stocks fluctuate on disappointing ‘golden week’ retail sales in China  South China Morning Post

Politics

1 week ago HSBC to take Hang Seng Bank private amid worsening property loans

HSBC Holdings said it would privatise its Hang Seng Bank subsidiary, drawing the curtains on half a century of the unit’s publicly traded status amid worsening real estate loans in Hong Kong. HSBC offered to buy all outstanding Hang Seng Bank shares for HK$155 (US$19.92) each in cash, or a premium of 30 per cent over the bank’s Wednesday closing price of HK$119, according to a statement to the Hong Kong stock exchange on Thursday morning. The Hang Seng shares would be cancelled after the...

Economics

1 week ago Hong Kong Stocks Fall as Tech Sector Weakens Ahead of China Market Reopening

Hong Kong Stocks Fall as Tech Sector Weakens Ahead of China Market Reopening  Modern Diplomacy

Politics

2 w. ago Chinese solar inverter and energy storage giant Sungrow seeks Hong Kong IPO

Sungrow Power Supply, the world’s largest producer of solar inverters and energy storage systems, has joined a growing number of mainland Chinese companies seeking to float shares in Hong Kong, taking advantage of the city’s stock market boom. Based in Hefei, the capital of eastern Anhui province, Sungrow led the world with 870 gigawatts of cumulative installed capacity of inverters – devices that convert the power produced by solar panels into a format of electricity that can be consumed by...

Politics

2 w. ago Hong Kong market’s connector role not just for mainland China: Citic boss

In the Capital Connectors series, exclusive interviews with six influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. When Thai coconut water brand IFBH raised HK$1.16 billion (US$149 million) through a stock offering in Hong Kong in June, Li Chunbo, chairman and CEO of the deal’s sole sponsor Citic Securities International, saw it as more than just another listing from Southeast Asia. The world’s...

Economics

2 w. ago Hong Kong stocks fall as US shutdown dampens investor sentiment

Hong Kong stocks fall as US shutdown dampens investor sentiment  South China Morning Post

Economics

2 w. ago China Just Hit the Brakes on Hong Kong's Crypto Dreams—And These Broker Stocks Are Getting Crushed

China Just Hit the Brakes on Hong Kong's Crypto Dreams—And These Broker Stocks Are Getting Crushed  Yahoo Finance

Events

2 w. ago Hong Kong property deals surge anew in September on rate cut, buoyant stocks

Hong Kong property sales in September saw an increase in the number of deals and value on the back of easing interest rates and a resurgent stock market, according to property agents. Deals covering new and lived-in homes, office spaces, shops, car parking slots as well as industrial units were estimated to have risen 6.2 per cent month on month to 6,862 units in September, with the total value up 14 per cent to HK$54.35 billion (US$6.98 billion), according to Centaline, one of the city’s...

Politics

2 w. ago China Market Update: Hong Kong Growth Stocks Rally, Alibaba’s AI Handles 2.6B User Requests

China Market Update: Hong Kong Growth Stocks Rally, Alibaba’s AI Handles 2.6B User Requests  Forbes

Politics