Hong Kong stocks rose on Wednesday as fears over surging oil prices eased and Chinese tech names rebounded after a deep rout. The Hang Seng Index gained 0.5 per cent to 26,028.00 as of 9.36am. The Hang Seng Tech Index edged up 0.6 per cent. On the mainland, the CSI 300 Index and the Shanghai…
Hong Kong-listed Insilico Medicine has signed a cooperation agreement with the United Arab Emirates’ drug regulator to advance the use of its artificial intelligence tools in drug discovery across the region, even as geopolitical tensions escalate in the Middle East. Shares of Insilico rose as much as 12.8 per cent in morning trading on Thursday…
People walk past the Exchange Square, which houses the Hong Kong Stock Exchange, in Central, Hong Kong, Aug 20, 2025. (EDMOND TANG / CHINA DAILY) A risk-averse sentiment was seen across major Asia-Pacific markets on Wednesday, as geopolitical tensions in the Middle East continue to keep investors on edge. But experts said elevated uncertainty argues…
Hong Kong’s stock exchange reported record profits for the second consecutive year on Thursday, after the finance hub topped the global rankings for initial public offerings in 2025. Photo: Rhoda Kwan/HKFP. Profit attributable to shareholders rose 36 percent to US$2.3 billion, while total revenue and other income jumped 30 percent to also hit a peak…
Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock exchange, reported record high annual profit for the second straight year, thanks to higher market turnover and robust listing activity, it said in a stock exchange filing on Thursday. Net profit in 2025 increased 36 per cent to HK$17.75 billion (US$2.28 billion), or HK$14.05…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story There’s nothing quite like the holiday rush in China for the Lunar New Year. The Beijing city streets start emptying out several days in advance…
Hong Kong’s retail banks posted 7.3 per cent pre-tax profit growth last year, as rising bad debts and a narrower net interest margin offset growing income from wealth-management services. The city’s 30 retail banks recorded lower growth in aggregated pre-tax profit than in 2024, when profits increased 8.4 per cent, according to data from the…
A growing number of Hong Kong-listed companies are tapping strong equity market sentiment to issue convertible bonds, a trend bankers expect to continue. Eleven companies raised US$7.4 billion through convertible bonds in the first five weeks of 2026, about 47 per cent of last year’s US$16 billion total, according to Dealogic. Tianqi Lithium, one of…
Bitcoin’s collapse has prompted some retail investors in Hong Kong to snap up the world’s largest cryptocurrency after its value fell by more than half from its peak. According to crypto asset data tracker CoinGecko, the price of bitcoin slumped to almost US$60,000 on Friday morning, Hong Kong time, less than half its historical high…
When Malaysian civil engineering contractor BBSB International listed in Hong Kong last month, its offering was oversubscribed by a factor of nearly 11,000, and its shares rose more than fivefold from their offer price of HK$0.60 on the morning of their trading debut. BBSB is one of several non-Chinese companies that have flocked to Hong…