The HKMA and the IA join hands to promote cross-sector background check arrangements.
The Hong Kong Monetary Authority (HKMA), in collaboration with the Insurance Authority, the Hong Kong Association of Banks, the Hong Kong Federation of Insurers, the Hong Kong Confederation of Insurance Brokers, and the Hong Kong Professional Insurance Brokers Association, jointly organized an industry exchange session on the 'Inter-sectoral Background Check Arrangements between the Banking and Insurance Industries.' Norman Chan, Deputy Chief Executive of the Hong Kong Monetary Authority, stated that the recently published Global Financial Centres Index report once again affirmed Hong Kong’s position and advantages as a leading international financial hub. As customer expectations continue to rise, whether employees of financial institutions adhere to integrity and good conduct while upholding a 'customer-centric' corporate culture directly impacts clients' confidence—and even the broader public’s trust—in the financial services industry. Looking back at the banking sector
AIA repurchased 2.895 million shares at a cost of HKD 250 million on May 12.
AIA (01299) announced that on May 12, 2026, it repurchased 2,895,000 shares for HKD 250 million. Additionally, 289,300 shares were issued upon the exercise of stock options under the company’s share option plan adopted on May 29, 2020 (as amended).
May 11 Share Repurchase Summary | Companies including China Hongqiao and AIA have conducted share buybacks, with China Hongqiao spending HKD 5.73 billion.
According to a disclosure document released by the Hong Kong Exchange on May 12, companies such as China Hongqiao (01378.HK) and AIA (01299.HK) repurchased shares. ① China Hongqiao (01378.HK) repurchased 17.2095 million ordinary shares on May 11, involving an amount of HKD 573 million, with the repurchase price ranging between HKD 34.06 and HKD 32.96 per share. Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 287 million shares, representing 3.07% of the number of shares issued at the time of the passing of the ordinary resolution. ② AIA (01299.
HKEX Announcements Digest | China Jinmao's Sales Exceed 31 Billion Yuan in the First Four Months; Foxconn Interconnect Technology's Operating Profit Up Approximately 70% Year-on-Year in Q1
①China Jinmao's sales exceeded 31 billion yuan in the first four months. How did it perform in April? ②Foxconn Interconnect Technology's operating profit in the first quarter increased by approximately 70% year-on-year. What is the scale?
Express News | The combined revenue of 35 institutions in 2025 reached 48.445 billion yuan, representing a year-on-year increase of 14.9%.
Share Repurchases on May 8 | Companies including China Hongqiao and AIA conducted buybacks, with China Hongqiao spending HKD 419 million.
According to the disclosure document released by the Hong Kong Exchange on May 11, companies such as China Hongqiao (01378.HK) and AIA (01299.HK) repurchased shares. ① China Hongqiao (01378.HK) repurchased 12,510,500 ordinary shares on May 8, involving an amount of HKD 419 million, with the repurchase price ranging from HKD 34 to HKD 32.86 per share. Since the resolution authorizing the repurchase, the cumulative number of securities repurchased amounts to 270 million shares, representing 2.88% of the total number of issued shares at the time of the passing of the ordinary resolution. ② AIA (01299.HK) conducted a repurchase on May
UBS Group: AIA's Q1 new business value growth exceeded expectations, maintaining a 'Buy' rating.
Gelonghui, May 9 | UBS Group released a research report stating that AIA's new business value in the first quarter increased by 13% year-on-year on a fixed exchange rate basis to USD 1.757 billion, surpassing market expectations of 9% and broadly in line with the bank's forecast of 12%, primarily driven by the mainland and Hong Kong markets. AIA has initiated a USD 1.7 billion share repurchase plan, having already repurchased 57 million shares as of April 29 at a total cost of approximately USD 614 million. UBS Group estimates that the repurchase will be completed by late June, with a total shareholder return rate of approximately 4% by 2026. The bank maintains a 'Buy' rating for AIA, with a target price of HKD 104 based on the sum-of-the-parts valuation method.
Hong Kong Stock Announcements Highlights | China Overseas Land & Investment's sales in the first four months exceeded 76 billion yuan; Foxconn Interconnect Technology’s Q1 profit increased by over 180% year-on-year.
①China Overseas Development achieved sales of nearly 76 billion yuan in the first four months. What is the year-on-year growth rate? ②Foxconn Group's profit in the first quarter increased by more than 180% year-on-year. What is the scale of its business?
Market Snapshot | All three major indices declined, with the Hang Seng Index falling by 0.87%; southbound capital flowed in net over 13.1 billion Hong Kong dollars against the trend; gold stocks performed strongly, with Lingbao Gold surging over 8%; Kuais
All three major indices declined, with the Hang Seng Index falling by 0.87%; southbound funds recorded a net inflow of over HKD 13.1 billion against the market trend; gold stocks performed strongly, with Lingbao Gold surging more than 8%; Kuaishou experienced a strong late-session rally, rising over 9%.
Founder Securities: The liability side of the insurance sector maintained steady growth in 1Q26, with investment yields expected to stabilize and rebound.
In the medium to long term, the risk of interest rate differentials will ease, the market's slow bull trend will continue, and the RMB appreciation trend will persist, driving insurance companies' valuations toward a reasonable 1x PEV.
Share Repurchase Roundup on May 7 | Companies including China Hongqiao and CRRC Times Electric Conducted Repurchases, with China Hongqiao Spending HKD 608 Million
According to a disclosure document released by the Hong Kong Exchange on May 8, companies such as China Hongqiao (01378.HK) and CRRC Times Electric (03898.HK) repurchased shares. ① China Hongqiao (01378.HK) repurchased 18.287 million ordinary shares on May 7, involving an amount of HKD 608 million. The repurchase price per share ranged from HKD 34.22 to HKD 32.84. Since the resolution authorizing the repurchase, the cumulative number of securities repurchased has reached 257 million shares, representing 2.75% of the total number of issued shares at the time of the passing of the ordinary resolution. ② CRRC Times Electric (03898.HK)
AIA (01299) repurchased 262,000 shares at a cost of HKD 23.357 million on May 7.
AIA (01299) announced that it repurchased 262,000 shares at a cost of HKD 23.357 million on May 7, 2026.
AIA Group Stock Climbs 1.9% in Hong Kong
May 6 Share Repurchase Summary | Companies including China Hongqiao and AIA have conducted share buybacks, with China Hongqiao spending HKD 5.95 billion.
According to a disclosure document released by the Hong Kong Exchange on May 7, companies such as China Hongqiao (01378.HK) and AIA (01299.HK) repurchased shares. ① China Hongqiao (01378.HK) repurchased 17.951 million ordinary shares on May 6, involving an amount of HKD 595 million, with the repurchase price ranging between HKD 33.74 and HKD 32.28 per share. Since the resolution authorizing the repurchase, the cumulative number of securities repurchased is 239 million shares, representing 2.56% of the total number of shares issued at the time of the ordinary resolution's passage. ② AIA (01299.HK) on
AIA (01299) repurchased 2.32 million shares at a cost of HKD 201 million on May 6.
AIA (01299) announced that it repurchased 2.32 million shares at a cost of HKD 201 million on May 6, 2026.
Summary of Hong Kong stock ratings: Everbright Securities maintains a 'Buy' rating for Yum China.
Cailian Press will regularly compile ratings and target prices from various institutions for Hong Kong stocks.
Bank of America Securities initiated coverage on FWD Group (01828.HK) with a "Buy" rating and a target price of HKD 43.2, citing expectations that its VNB growth rate will outperform peers.
Bank of America Securities has initiated coverage on FWD Group (01828.HK) with a "Buy" rating and set a target price at HKD 43.2. FWD is a regional life insurance company with operations spanning ten markets across the Asia-Pacific region, primarily including Hong Kong, Thailand, Japan, and ASEAN countries. The bank forecasts that the company's new business value (VNB) growth will reach 17% to 19% over the next two to three years, surpassing the 10% to 15% growth rate of larger peers. Additionally, FWD has begun optimizing its capital and financing structure to enhance profitability. Currently, the stock is valued at only 0.6 times the forecasted P/EV for 2026, trading at a discount compared to industry leader AIA.
AIA (01299.HK) repurchased 1.746 million shares at a total cost of HKD 149 million.
AIA (01299.HK) disclosed in its report that on May 5, it repurchased 1.746 million shares on the Stock Exchange of Hong Kong at prices ranging from HKD 84.1 to HKD 85.9 per share, involving an expenditure of approximately HKD 149 million. Since the passing of the ordinary resolution (May 23, 2025), the company has cumulatively repurchased 185 million shares, representing 1.7354% of its total equity.
Hong Kong Stock Announcements Highlights | CK Hutchison proposes to cancel VodafoneThree's shares for a consideration of 43 billion pounds; Seres reports approximately 20% year-on-year increase in sales for the first four months.
① CK Hutchison proposes to cancel Vodafone Three's shareholding at a consideration of 4.3 billion pounds. What are the details? ② Seres' sales in the first four months increased by approximately 20% year-on-year. What is the scale?
Hong Kong Stock Announcements | Shijia Pharmaceutical Group's net profit attributable to shareholders for the first quarter was approximately HKD 171 million, representing a year-on-year increase of 1.6%.
Henlius (02696): Injection HLX43, as a monotherapy or in combination with Pimurutamab HLX07, has been approved to conduct an international multicenter Phase 2/3 clinical trial in Japan for the treatment of advanced squamous non-small cell lung cancer; Etern Pharmaforce (06998): Candid Therapeutics has been acquired by UCB with an upfront payment of $20 billion.