Express News | Abolish the lunch break? HKEX responds: The current priority is to study extending trading hours in the derivatives market.

BreakingsJul 20 16:10

Yurong Group (01536.HK) sold shares of HKEX and China Mobile, raising approximately HK$7.64 million.

Gelonghui, July 20 — Yu Rong Group (01536.HK) announced that on July 20, 2026, the Board further sold two listed securities, including shares of Hong Kong Exchanges and Clearing Limited (HKEX) through the open market and shares of China Mobile. On July 20, 2026, the Company sold a total of 11,200 HKEX shares in the open market at an aggregate consideration of approximately HK$4.422 million (excluding transaction costs). The average selling price of the HKEX shares was approximately HK$397.72 per share. On July 20, 2026, the Company sold China Mobile shares in the open market at an aggregate consideration of approximately HK$3.22 million (excluding transaction costs

Gelonghui FinanceJul 20 20:52

Express News | Bloomberg: Hong Kong Exchange considers extending stock trading hours and eliminating the lunch break.

BreakingsJul 20 15:16

Citi: Upgrades China equities rating to 'Overweight'; Hang Seng Index year-end target set at 29,600 points

Citi stated that the MSCI Emerging Markets Index has risen by 20% year-to-date. Despite recent pullbacks, it still expects approximately 12% upside potential by year-end. If the macro environment remains supportive—including easing geopolitical risks—emerging markets could offer greater investment opportunities in the second half of the year, with China and Mexico identified as potential destinations. Accordingly, Citi has upgraded its rating on Chinese equities to 'Overweight' to reflect currently low positioning and the potential benefits from lower oil prices and improved global economic growth. Conversely, due to ongoing volatility in the South Korean market, Citi has downgraded South Korean equities to 'Neutral' to reduce exposure to AI-related investment risks.

AASTOCKSJul 20 13:54

Moonshot AI: Kimi K3 user request volume has significantly exceeded expectations; effective immediately, new C-end user subscriptions are temporarily suspended.

Mainland AI company Moonshot AI announced last night (the 19th) that, due to user request volumes far exceeding expectations, it will temporarily suspend new C-end user subscriptions to Kimi K3 effective immediately. Moonshot AI launched its new model, Kimi K3, last Friday (the 17th). The company stated that user support since the launch of Kimi K3 has significantly surpassed expectations, resulting in unforeseen computational capacity challenges. Over the past 48 hours, user requests have surged well beyond projections, approaching the current cluster's maximum capacity. To ensure service quality for existing subscribers, the company has decided to halt new C-end subscriptions effective immediately and allocate all available computing resources to serving existing subscribers, thereby safeguarding their experience.

AASTOCKSJul 20 10:57

Two major centrally administered state-owned enterprises have stepped in to increase their holdings of Chinese equities, and the China Securities Regulatory Commission (CSRC) will hold a symposium to promote the stable and healthy development of the marke

Two major centrally administered state-owned enterprises (SOEs) have stepped in to stabilize the market. China Chengtong Holdings Group Co., Ltd. (China Chengtong) announced that, recently, China Chengtong and its subsidiaries—Chengtong Capital and Chengyang Investment—have focused on large-scale purchases of Chinese equities held by state-owned enterprises and central SOEs, accumulating nearly RMB 10 billion in acquisitions. China Chengtong stated it remains firmly confident in the prospects of China’s economy and capital markets and will continue utilizing its own funds and special refinancing loans for share repurchases and增持 (additional purchases) to significantly increase holdings of stocks and ETFs issued by state-owned and central SOEs as well as technology companies, fully supporting the stable operation of the capital market. On the same day, China Reform Holdings Corporation Limited (China Reform) also issued an announcement stating that relevant entities under its subsidiary, China Reform Investmen

AASTOCKSJul 20 08:47