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Daisy Wu

Daisy Wu

Hong Kong
Reporter, Business
Daisy holds a master's degree in journalism from the University of Hong Kong. She previously worked at a global advisory firm, specialising in due diligence and risk identification.
Daisy holds a master's degree in journalism from the University of Hong Kong. She previously worked at a global advisory firm, specialising in due diligence and risk identification.
Areas of Expertise:
Capital markets, IPOs, corporate affairs
Languages Spoken:
English, Mandarin

Hong Kong stocks retreat as regional tech volatility offsets short covering

Zhipu AI bucked the downward trend to surge over 11 per cent as volatility surrounding its recent IPO share unlocking began to ease.

Officials deploy multipronged strategy – from tax incentives to new gold clearing system – to recalibrate city’s global standing amid shifting capital flows, regulatory changes.

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European banks, facing rising costs and energy instability, are turning to Hong Kong for funding, with Hungary’s OTP Bank leading the shift.

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Some mainlanders have reported having applications to open Hong Kong accounts rejected amid China’s tightening cross-border investment controls.

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As bans on traditional fireworks become more common in China, the industry is capitalising on the growing popularity of drone shows and shifting to ‘cold fireworks’.

Related Topics
YuanIPOTibetHong Kong Monetary Authority (HKMA)HKEXChina propertyChina stock marketBanking & financeArtificial intelligenceChina manufacturing