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Chinese AI model firm MiniMax has officially started plans to sell shares in mainland China. Photo: Shutterstock
IPO

AI firm MiniMax prepares for mainland China listing after Hong Kong shares surge

Chinese AI model company hires Citic Securities to prepare a mainland share sale, with the listing venue yet to be confirmed.

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Hong Kong property

Hong Kong property recovery tested as bigger student housing deals gain traction

HKEX

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

China property

China’s property developers see hope in massive urban renewal plan

Plan for 2026 to 2030 includes upgrades to pipelines, drainage, dilapidated homes, and facilities for education and elderly care.

Reinforced concrete drainage pipes are parked at a building materials company in Suqian, in eastern China’s Jiangsu province, on April 1, 2025. Photo: NurPhoto via Getty Images
Reinforced concrete drainage pipes are parked at a building materials company in Suqian, in eastern China’s Jiangsu province, on April 1, 2025. Photo: NurPhoto via Getty Images
HKEX

HKEX revamps Tech 100 Index as benchmark struggles to keep pace with AI rally

Seven firms including Hesai, Geekplus and Deepexi join the index as investors question whether local benchmarks reflect fast-rising AI sector.

Hong Kong stock market

Lenovo’s status as Hang Seng Index top performer validates AI push

Chinese firm’s 159 per cent gain fuelled by optimism about its evolution from a PC-led hardware company to a hybrid AI platform.

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Futu

Futu first-quarter profit down 61% after $272 million regulatory fine

Analysts cut earnings forecasts for online brokerage following Beijing’s latest crackdown on cross-border trading.

A view of the Flagship Store of Futu Securities International in Causeway Bay. Photo: Sam Tsang
A view of the Flagship Store of Futu Securities International in Causeway Bay. Photo: Sam Tsang
Bonds

China’s first green bond sale in Hong Kong aims to raise US$886 million

Country looking to issue offshore sovereign green bonds and tap global capital to invest in green development.

Electric & new energy vehicles

Premium plan: China’s EV makers pin hopes on higher-margin models

New models from carmakers including Nio and Seres also challenge Tesla’s bestselling Model Y and cars from luxury German marques.

Electric & new energy vehicles

China’s BYD aims for zero accidents with ‘God’s Eye’, vows crash cost coverage

EV giant pushes affordable autonomy with its system, aiming to make self-driving safer and accessible to mass-market consumers.

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A BYD booth at the Beijing Auto Show on April 30. Photo: AFP
Gold in Hong Kong

Low-cost gold ETF launched as Hong Kong links bullion trading with blockchain

New fund gives retail investors physical gold access from US$45, with tokenised design primed for future trading on regulated platforms.

The launch comes as gold prices fluctuate amid geopolitical tensions and macroeconomic uncertainty. Photo: DPA
The launch comes as gold prices fluctuate amid geopolitical tensions and macroeconomic uncertainty. Photo: DPA
China stock market

China’s brokerage crackdown: banks cut forecasts for Futu, Tiger

CCB and Goldman Sachs slash brokerage valuations, profit forecasts after regulatory action on unauthorised cross-border trading.

US, Israel war on Iran

Gold continues decline as inflation fears outweigh hope of end to Iran war

The metal is down nearly 20 per cent from its all-time high in January as investors focus on the Federal Reserve’s plans to combat inflation.

HKEX

Open Questions | Charles Li on making Hong Kong a magnet for global IPOs

As HKEX CEO, Charles Li forged Stock Connect link to mainland markets. He says an ‘IPO connect’ could draw international companies to list in Hong Kong.

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Illustration; Victor Sanjinez
Hong Kong stock market

Appeal of China assets keeps rising among global investors: JPMorgan

Cohort of international investors considering investing in China rises to 57 per cent from 51 per cent a year ago, survey says.

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A robot demonstrates its kicking ability at the 28th China Beijing International High-Tech Expo (CHITEC) in Beijing on May 8. Photo: EPA
A robot demonstrates its kicking ability at the 28th China Beijing International High-Tech Expo (CHITEC) in Beijing on May 8. Photo: EPA
China’s private sector

China’s biotech boom drives surge in home-grown innovative drug approvals

Domestic firms dominate China’s drug approvals amid jump in spending and out-licensing deals as regulator speeds path to market.

Banking & finance

Hong Kong beats Switzerland as world’s largest offshore wealth hub, BCG finds

City tops cross-border wealth on IPO surge and mainland China inflows, as Singapore and US trail in consultancy’s global rankings.

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China stock market

BOE Tech’s 30% rally shows how AI buildout can boost an old-economy firm

Chinese maker of LCD displays sees a surge in its share price following an attempt to diversify into AI with US manufacturer Corning.

The logo of Chinese company BOE Technology is displayed on a phone. Photo: Shutterstock
The logo of Chinese company BOE Technology is displayed on a phone. Photo: Shutterstock
China’s private sector

Insilico, US partner to build AI models predicting disease decades ahead

Tie-up combines Hong Kong-listed Insilico Medicine’s algorithms with Human Longevity’s genomic data to advance personalised health research.

Zijin Mining

China’s largest mining company poised for global top 3 status by 2028, says S&P

Ratings agency highlights Zijin’s project pipeline and cost discipline as the miner accelerates global expansion in copper and gold.

China stock market

Unitree’s IPO progress spurs stock buying of firms with exposure to robot maker

As the robot manufacturer moves a step closer to its IPO, stocks of its investors and supply chain makers have shot up.

An electronic board shows stock prices below a pedestrian bridge in the Lujiazui financial district in Shanghai. Photo: Reuters
Hong Kong stock market

US$32b worth of Hong Kong assets involved in transborder trade crackdown: Citic

The assets involve a crackdown on Futu, Tiger Brokers and Long Bridge for offering mainland Chinese investors access to unlicensed trading.

A view of Victoria Harbour taken from Hong Kong Observation Deck. Photo: Sam Tsang
A view of Victoria Harbour taken from Hong Kong Observation Deck. Photo: Sam Tsang
Hong Kong stock market

Hang Seng Index review to boost market capitalisation by 4.5%: analysts

Tencent, BeOne Medicines, Baidu and NetEase may lure fund inflows between US$200 million and US$1 billion, due to index weighting changes.

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International Property

Property challenges put Chinese firms’ go-global plans at risk: JLL

Some firms have scrapped investment plans to ‘restart from scratch’ after difficulty securing property, researcher says.

Made in China 2025

China’s machinery giant XCMG eyes bigger scoop of global sales

State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas.

A giant XCMG truck dwarfs other vehicles at the company’s customer festival in Xuzhou, in eastern China’s Jiangsu province, on May 19. Photo: Handout
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