Market Chatter: Shein Gets Hong Kong Listing Committee Approval for IPO
Xu Liang, Head of Operations at Hong Kong Exchanges and Clearing (HKEX), has departed. He previously served as Co-Head of Operations for Asia Pacific at Goldman Sachs.
Prior to joining the Hong Kong Exchanges and Clearing Limited (HKEX), Xu Liang had a nearly 20-year career at Goldman Sachs, with professional experience across the United States, mainland China, and Hong Kong.
Express News | Hong Kong Exchange supports payment of stamp duty and transaction-related fees in Renminbi
State Administration of Foreign Exchange: Strive to issue a new round of QDII quotas as soon as possible to support genuine and compliant overseas securities investment demand.
Xiao Sheng, Director General of the Capital Account Management Department at the State Administration of Foreign Exchange (SAFE), stated at a press conference held by the State Council Information Office that since 2026, in response to new developments and evolving conditions, SAFE has conducted extensive research into the needs of market participants—including banks and enterprises—and, in alignment with the high-level opening-up of the capital account, plans to introduce another package of policy measures to further enhance the facilitation of cross-border investment and financing. He also disclosed that SAFE is currently expediting preparatory work to issue a new round of Qualified Domestic Institutional Investor (QDII) quotas as soon as possible, thereby better supporting and serving domestic residents’ legitimate and compliant demand for overseas securities investments.
HKEX: Average daily trading turnover in the Hong Kong market reached HK$283 billion in the first half of the year, with IPO fundraising up 92.1% year-on-year.
In the first half of 2026, the Hong Kong market continued its strong growth, with active trading in equities, derivatives, and the Stock Connect programs linking Shanghai, Shenzhen, and Hong Kong.
Li Xiaojia: AI Addresses the Cost Challenges of Micro and Small Investments; Drip Capital Launches New Model 3.0 on August 3
Reflecting on the exploration journey, Li Xiaojia disclosed that Drip Irrigation Through has already invested RMB 4.4 billion of its own funds to validate its business model, demonstrating that the non-equity, non-debt, highly diversified joint operation contract model is fully viable and capable of effectively identifying risks.