HEX MAR7 (HEX2703) News

AI large-model company Mianbi Intelligence has filed for A-share listing counseling and registration, with its valuation expected to exceed RMB 20 billion.

According to data from the China Securities Regulatory Commission (CSRC), Beijing-based AI large-model company Mianbi Intelligence Technology has filed for listing counseling registration, with China CITIC Securities acting as its sponsor. Mianbi Intelligence was spun out of Tsinghua University’s Natural Language Processing (NLP) Laboratory in 2022. Earlier market reports indicated that last month, Mianbi Intelligence completed a new round of financing, attracting investors including national-level funds, central state-owned enterprises, and automobile manufacturers. Its post-money valuation is expected to exceed RMB 20 billion, with cumulative fundraising in the first half of the year surpassing RMB 5 billion. In July this year, Mianbi Intelligence open-sourced its first embodied intelligence technology offering, the MiniCPM-Robot series of models, including general-purpose

AASTOCKS10:34

Chan Yik Ting: As of early August, Hong Kong IPO fundraising has reached USD 41 billion, surpassing the full-year total for last year; a record high is expected for this year.

HKEX (00388.HK) Chief Executive Bonnie Chan stated at an event in Kuala Lumpur that as of early August, Hong Kong's IPO fundraising had already reached USD 41 billion, surpassing the full-year total of USD 39.5 billion recorded last year. She projected that this year’s total would set a new record, as global capital flows back into Asia, and urged Malaysian companies to consider listing in Hong Kong to access mainland investors. She added that capital had previously been heavily concentrated in the U.S. market, particularly in just one or two sectors, but amid shifting political and economic landscapes, investors are increasingly focused on diversifying risk. For companies seeking broader investor access and deep pools of capital, Hong Kong represents an ideal choice.

AASTOCKS08:32

Hong Kong Exchanges & Clearing Stock Slips 2.7% in Hong Kong

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Hong Kong Exchanges & Clearing Ltd. slid 2.7% to 405.40 Hong Kong dollars on what proved to

Dow JonesAug 11 16:31

MiniMax (00100.HK) will be included in the Hong Kong Exchange Tech 100 Index and other indices.

Hong Kong Exchange (0388.HK) announced that MiniMax (0100.HK) has met the fast-track inclusion criteria for the Hong Kong Exchange Tech 100 Index and will be added to both the Hong Kong Exchange Tech 100 Index and the Hong Kong Exchange Tech & US Tech 100 Index after the market closes on Wednesday (the 12th), effective Thursday (the 13th). Hong Kong Exchange noted that as a recently listed technology company in the Hong Kong market, MiniMax’s swift inclusion in these indices reflects its established market representativeness and further enhances the coverage of innovative and technology companies within the Hong Kong Exchange technology indices.

AASTOCKSAug 11 10:03

Hang Seng Indexes Company is seeking market feedback on proposed revisions to the Hang Seng Tech Index, including increasing the number of constituent stocks to 50.

Hang Seng Indexes Company has published a consultation paper seeking market feedback on potential revisions to the Hang Seng Tech Index. The proposed changes primarily address the ongoing broadening of the composition of Hong Kong’s technology sector and the market reality that faster-growing companies often have relatively smaller market capitalizations. The proposals include increasing the number of constituent stocks to 50, expanding coverage of technology-related themes, and introducing a sector-based stock selection mechanism. The relevant revisions are expected to be announced by the end of September and implemented in the index review as of September 30. Final approval of the revisions is subject to the decision of the Hang Seng Indexes Advisory Committee following its consideration of consultation feedback. Any resulting changes to index constituents will take effect during the December index rebalancing.

AASTOCKSAug 11 09:19

Shein is reported to be significantly scaling back its operations in Vietnam, with its supply chain shifting back to China.

According to Reuters, citing multiple sources, fast-fashion retailer Shein is significantly scaling back its operational footprint in Vietnam due to shifts in U.S. trade policy and supplier relocations back to China. The report states that last year, Shein leased a bonded logistics hub spanning 15 hectares near Ho Chi Minh City as a pilot initiative to establish Vietnam as its primary export base. However, the leased area has since been reduced to six hectares, and the company reportedly carried out large-scale layoffs of its local team starting in April this year. This move follows the U.S. decision in late July last year to eliminate the de minimis tariff exemption for all countries on shipments valued under USD 800, coupled with subsequent gradual reductions in additional tariffs imposed on Chinese goods.

AASTOCKSAug 10 16:38

Hong Kong Monetary Authority and Dubai Financial Services Authority Co-host Third Climate Finance Conference to Drive Transition Amidst Changing Landscape

The Hong Kong Monetary Authority and the Dubai Financial Services Authority announced today (August 10) that they will jointly host the third Climate Finance Conference in Hong Kong on September 10.

Zhitong FinanceAug 10 14:19

HKEX 2Q Growth Likely Driven by Strong Equities Trading Activity -- Market Talk

0502 GMT - Hong Kong Exchanges & Clearing will likely post higher profit and revenue for 2Q, Michael Zhang, analyst at Citi Research, writes in a note. Citi expects revenue and profit to have grown

WSJAug 10 13:02

Citi cuts HKEX (0388.HK) target price to HK$495; Q2 earnings expected to rise 13% YoY, maintains 'Buy' rating citing resilient daily trading volume growth

Citi published a report forecasting that Hong Kong Exchanges and Clearing Limited (HKEX, 00388.HK) will announce its second-quarter results on August 19, with an estimated attributable profit of HK$5.0 billion, down 3% quarter-over-quarter but up 13% year-over-year, representing a 7% upside to market consensus. Total revenue is expected to reach HK$8.1 billion, down 1% quarter-over-quarter yet up 13% year-over-year, benefiting from robust trading volumes in the Hong Kong equity market and Northbound trades. Investment income is projected to decline 23% quarter-over-quarter and 36% year-over-year to HK$1.0 billion, primarily due to a high base effect. The bank noted that average daily turnover in the Hong Kong equity market reached HK$290 billion in the second quarter, up 5% quarter-over-quarter and 22% year-over-year, supported by increased contributions from new listings; Southbound trading via Stock Connect

AASTOCKSAug 10 11:07

Global equity funds recorded inflows for the eleventh consecutive week, while U.S. equity funds posted net outflows of USD 1.58 billion.

According to Refinitiv, a unit of London Stock Exchange Group (LSEG), global equity funds recorded net inflows of USD 21.15 billion in the week ended August 5, compared with approximately USD 27.72 billion in net purchases the previous week. Global equity funds have now posted inflows for the eleventh consecutive week, driven by strong earnings results and lower crude oil prices, which have bolstered investor appetite for risk assets. To date, data from approximately 808 companies in the MSCI ACWI Index that have reported earnings show that aggregate profits for the most recent quarter rose 40.9% year-over-year, with roughly 75% surpassing analyst expectations. By region, European equity funds

AASTOCKSAug 7 15:48

HKEX: The total market capitalization of the securities market stood at HK$46.8 trillion at the end of July, up 4% year-on-year.

Gelonghui, August 7 | According to data from the Hong Kong Exchange, the total market capitalization of the securities market stood at HK$46.8 trillion as of the end of July 2026, up 4% year-on-year. The average daily turnover in July was HK$307.2 billion, an increase of 17% year-on-year. The average daily turnover for the first seven months was HK$286.8 billion, up 18% year-on-year.

Gelonghui FinanceAug 7 15:09

According to reports, the People's Bank of China has increased its gold reserves in Hong Kong over the past several months to support Hong Kong’s development as a gold trading hub.

Citing sources, Bloomberg reported that the People’s Bank of China (PBOC) has increased its gold reserves in Hong Kong over the past several months to support Hong Kong’s development as a major gold trading hub. It is understood that the PBOC has previously been repatriating portions of its gold reserves from London to mainland China to bolster Hong Kong’s growth, and this process is expected to accelerate, with the PBOC continuing to transfer reserves from London to Hong Kong. The report noted that in recent years, central banks of countries including India and Serbia have repatriated portions of their gold holdings for security or political reasons. The PBOC is also among the world’s largest buyers of gold, with its gold purchases in June reaching the highest level since October 2023, marking the second consecutive month of...

AASTOCKSAug 7 10:40

Kaiyuan Securities: Deposits shifting to the non-bank financial system, with notable increases in private equity funds and fund-of-funds (FOFs).

Valuations and institutional holdings in the non-bank financial sector remain at historical lows, and we are positive on the potential for above-market returns from securities firms and insurers in the second half of the year.

Zhitong FinanceAug 6 16:50

Hong Kong Exchanges and Clearing Limited (HKEX, 00388.HK) has appointed He Guangyi as Managing Director and Head of Group Strategy.

Hong Kong Exchanges and Clearing Limited (HKEX, 00388.HK) announced the appointment of He Guangyi as Managing Director and Head of Group Strategy. In his new role, Mr. He will lead the Group’s strategy function and work closely with the HKEX Management Committee and heads of various business divisions to drive the implementation of the Group’s key strategic initiatives. He will provide insights on economic and macro trends and offer guidance on new business initiatives to support the Group’s long-term growth. Mr. He will assume his new role on September 1 and report to HKEX Chief Operating Officer Becky Lau. HKEX also announced that the current Head of Group Strategy and Head of the Office of the Chief Executive, Managing Director Lam Kei Wing,

AASTOCKSAug 5 18:11

Hong Kong Exchanges & Clearing Stock Advances 1.6% in Hong Kong

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Hong Kong Exchanges & Clearing Ltd. rose 1.6% to 414.60 Hong Kong dollars on what proved to

Dow JonesAug 5 16:32

Express News | Guojin Securities: Regulatory authorities continue to unlock policy benefits from the mutual market access mechanism; maintains 'Buy' rating on the securities sector.

In a research report, Guojin Securities stated that ongoing regulatory efforts to unlock policy benefits from mutual market access will enhance market activity in both regions, diversify product offerings, and increase the global allocation appeal of Chinese assets. The Hong Kong Exchange, along with high-quality brokers providing cross-border financing and investment services, is expected to benefit over the long term. Currently, the securities sector trades at a price-to-book (PB) ratio of 1.2x and a price-to-earnings (PE) ratio of 16x. With multiple brokers releasing preliminary announcements of strong interim earnings growth, the firm maintains a 'Buy' rating on the low-valuation, high-growth securities industry.

BreakingsAug 4 16:51

Garanti Bank Switzerland: Market risk appetite is being tested; cautiously optimistic on the outlook.

Claudio Wewel, foreign exchange strategist at Swiss-based Garant Bank, stated that as July begins, global financial market risk appetite has further tightened. The strength of the U.S. dollar and rising market expectations for additional U.S. interest rate hikes continue to exert pressure on the AI-driven bull market, with oil price movements representing the largest source of uncertainty. He noted that he remains cautiously optimistic about the outlook, expecting strong corporate earnings for the second quarter and stable macroeconomic data. Recent renewed tensions in the Middle East, coupled with persistent concerns over the scale of AI-related capital expenditures, continue to weigh on emerging market equities. Wewel indicated that currently

AASTOCKSAug 4 12:32

Moonshot AI denied reports that it would submit its Hong Kong IPO application as early as this month.

Market rumors suggest that Moonshot AI aims to submit its Hong Kong IPO application as early as this month, potentially raising approximately USD 3 billion. However, according to a report by Sina Tech citing Moonshot AI, the rumor is false. A source close to Moonshot AI noted that the company raised USD 3.5 billion in its latest funding round, making the reported IPO target of only USD 3 billion appear implausible.

AASTOCKSAug 4 11:13

Five-year RMB-denominated government bond futures debut on HKEX! China Securities Regulatory Commission and Hong Kong Securities and Futures Commission unveil five key cooperation initiatives, further upgrading two-way market opening

On August 3, Wu Qing, Chair of the China Securities Regulatory Commission (CSRC), stated at the listing ceremony in Hong Kong for RMB-denominated government bond futures that further policy measures will be introduced to deepen practical two-way cooperation and support the development of Hong Kong’s capital markets. These measures aim to better facilitate cross-border two-way financing for enterprises, enhance global investors’ access to Chinese assets, create greater opportunities for institutional collaboration and talent integration, and jointly safeguard the stable operation of markets in both regions, thereby contributing more Chinese insights to global financial development.

China Securities JournalAug 3 11:35

Wu Qing of the China Securities Regulatory Commission (CSRC): Deepen two-way cooperation between mainland and Hong Kong capital markets and support cross-border, two-way corporate financing.

CSRC Chairman Wu Qing stated this morning (March 3) at the listing ceremony of China International Futures on the Hong Kong Exchanges and Clearing (HKEX) that efforts will be made to further consolidate the offshore RMB market and strengthen Hong Kong’s role as a global hub for offshore RMB business. He announced another step toward deepening practical, two-way cooperation to support Hong Kong’s development. He emphasized that the CSRC supports cross-border, two-way corporate financing and will continue, as always, to back mainland enterprises with international expansion plans in listing in Hong Kong. The CSRC also supports high-quality Hong Kong-listed companies in listing on mainland exchanges, jointly enhancing the effectiveness of services for developing new quality productive forces. Additionally, the CSRC actively supports eligible Hong Kong enterprises in expanding into the mainland and utilizing diversified capital market instruments.

AASTOCKSAug 3 10:05