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.
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.
HKEX 2Q Growth Likely Driven by Strong Equities Trading Activity -- Market Talk
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
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
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.
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...
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.
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,
Hong Kong Exchanges & Clearing Stock Advances 1.6% in Hong Kong
Express News | Guojin Securities: Regulatory authorities continue to unlock policy benefits from the mutual market access mechanism; maintains 'Buy' rating on the securities sector.
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
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.
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.
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.
Express News | Wu Qing: Actively support eligible mainland enterprises in listing in Hong Kong
Express News | Hong Kong Exchange officially launches 5-year RMB government bond futures.
Wong Wai-lun: InnoLight Technology's (03308.HK) IPO demonstrates the significant appeal of Hong Kong’s market to global investors.
Shares of InnoLight Technology (03308.HK), a leading optical module manufacturer, closed at HK$908 at midday today, down 7.3% from its IPO price of HK$980. Trading volume reached 7.455 million shares, amounting to HK$7.047 billion in turnover. Speaking at the listing ceremony, Acting Financial Secretary Paul Chan noted that InnoLight’s IPO is the largest on the Hong Kong capital market in nearly seven years. The company has garnered support from long-term funds globally as well as numerous institutional investors from both domestic and overseas markets, reflecting not only the company’s strength but also the significant appeal of Hong Kong’s capital market to global investors. He added that InnoLight’s listing in Hong Kong will further enrich the hard-tech sector within Hong Kong’s capital market.
The Hong Kong Institute of Certified Public Accountants welcomes the Hong Kong Exchanges and Clearing Limited's consultation summary titled 'Enhancing the Competitiveness of the Listing Regime.' The proposals are conducive to improving the 'Optimized Retu
The Hong Kong Institute of Certified Public Accountants welcomes the Hong Kong Exchange (00388) for releasing its consultation summary on 'Enhancing the Competitiveness of the Listing Regime.'
UBS Group expects Hong Kong's IPO market to remain active this year.
HKEX (00388.HK) has published a consultation conclusions paper regarding proposed enhancements to the competitiveness of Hong Kong’s listing regime. Lee Chun-kwok, Vice Chairman of UBS Group’s Global Banking Division for Asia and Head of Corporate Client Coverage, Asia, described the development as highly positive, noting that the proposed optimizations would further enhance Hong Kong’s appeal as an international fundraising hub and reinforce its position as a leading global financial center. The reforms are expected to encourage more international issuers to consider Hong Kong as their primary listing venue, thereby supporting sustained market growth and further diversification. UBS Group anticipates that Hong Kong’s IPO market will remain active through 2026, with the second half of the year likely to see increased participation from Chinese