Chinese firms eye Hong Kong listings after mainland investors’ US$93 billion buying spree

Chinese firms eye Hong Kong listings after mainland investors’ US$93 billion buying spree

A slew of mainland-listed Chinese technology companies are speeding up fundraising plans in Hong Kong to capitalise on the upbeat market sentiment. Hong Kong’s equity market has been buoyed by mainland investors’ record buying of HK$731.2 billion (US$93.1 billion) of stocks in the first half of the year, according to Hong Kong Exchanges and Clearing…

Read More
Hong Kong to allow drone trials with higher payloads to boost low-altitude economy

Hong Kong to allow drone trials with higher payloads to boost low-altitude economy

The Hong Kong government plans to permit more businesses to test higher-capacity aerial vehicles, aiming to boost the low-altitude economy and assess their impact on logistics efficiency and traffic, Deputy Financial Secretary Michael Wong Wai-lun said. Speaking to more than 100 government officials, company executives, venture capitalists and researchers at the International Automotive & Supply…

Read More
Trump tariffs making EV exports to US ‘impossible’, Xpeng executive says

Trump tariffs making EV exports to US ‘impossible’, Xpeng executive says

Tariffs imposed by the US have made exporting to the country “impossible” for Chinese electric vehicle (EV) manufacturers, an executive at major producer Xpeng has said during his visit to Hong Kong. But Yeqing Zheng said on Thursday that the Guangzhou-based Xpeng’s enhanced efforts to tap into other markets, which involved establishing assembly operations outside…

Read More
HK EV stocks plunge as global trade war escalates

HK EV stocks plunge as global trade war escalates

As of press time, BYD was down 11.15 percent, Nio 11.30 percent, Xpeng 11.40 percent and Li Auto 10.82 percent. Trump announced worse-than-expected reciprocal tariffs, and China swiftly responded. Electric vehicle (EV) stocks traded in Hong Kong were hit hard by US President Donald Trump’s new tariff measures, which triggered a selloff in global markets….

Read More