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Stocks

Stocks
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
Ding Chen is a director at Hong Kong Exchanges and Clearing (HKEX). Photo: SCMP/Jelly Tse
Banking & finance

How the AI, chip boom is propelling Hong Kong’s ETP market to new heights

Hong Kong is already the world’s fourth-largest market for exchange-traded products, and the rapid growth in trading is set to continue, director says.

Banking & finance

Diversify away from US markets to shield savers, ex-World Bank official warns

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China stock market

South Korea’s debt-heavy market could drive global tech volatility, analysts say

Hong Kong stock market

Goldman Sachs backs HKEX with ‘buy’ rating, citing Beijing’s policy support

Shares of HKEX have lost about 5 per cent so far this year, roughly in line with the performance of the Hang Seng Index.

Beijing has doubled down on its support for Hong Kong’s stock market. Photo: Shutterstock Images
China stock market

Chinese AI stock trade remains intact despite 10% correction, Fed jitters

Global investors’ diversification into Chinese assets coupled with strong AI earnings could make the pullback in tech stocks short-lived.

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IPO

China’s CXMT valued at US$85 billion in record Shanghai IPO

Chinese DRAM maker is set to raise 57.9 billion yuan (US$8.5 billion), nearly twice the amount earmarked for its investment projects.

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IPO

Waning appetite: why mainland Chinese F&B stocks are losing favour in Hong Kong

IPO lapses and sliding share prices underscore how weak consumption is dulling Hong Kong’s appetite for mainland China’s food sector.

Mixue Group’s shares are down 48 per cent this year. Photo: Reuters
Hong Kong stock market

What Labubu fatigue? Star investor buys bigger stake in Pop Mart

China’s answer to Warren Buffett now owns a 7.65 per cent stake in the toy brand, despite a lukewarm reception for the new Labubu Hair Salon series.

China stock market

Chinese hard tech giants see market value surge as overseas capital pours in

Under the mainland-Hong Kong Connect programme, northbound holdings rise to record high of 3.13 trillion yuan by end of June.

Semiconductors

Meet CXMT’s Zhu Yiming: the man building China’s memory-chip giant

From a Silicon Valley garage to China’s largest DRAM maker and a US$4.4 billion IPO, Zhu reportedly refused pay until CXMT became profitable.

Zhu Yiming’s bet that memory-chip production would migrate to China was placed long before he founded CXMT. Photo: Handout
China stock market

Star Market at 7: tech-centric exchange powers China’s innovation rise

Attracting capital behind breakthroughs in frontier fields, the market is a key part of Beijing’s drive for technology self-reliance.

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Illustration: Henry Wong
IPO

Shein receives approval for Hong Kong IPO from Chinese regulators

Beijing clears the online retail giant to seek an initial public offering in Hong Kong, after its plans to float in London and New York hit a dead end.

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Good Schools Guide

Hong Kong’s Gen Alpha is learning about managing money

Financial literacy is being shaped at home, in classrooms and through gamified tools in a bid to help children make smarter money choices.

IPO

Hong Kong small-cap IPOs struggle as market chases megadeals like Zhipu AI

Smaller firms face a liquidity squeeze amid AI-related stock profit-taking, which drags down IPO market sentiment.

Shares in Chinese electronics manufacturer Luxshare dropped by more than 9 per cent in its Hong Kong debut on Thursday after raising around US$3.1 billion to become the finance hub’s largest listing this year. Photo: AFP
Semiconductors

Chinese chipmaker CXMT set for US$4.3b IPO, riding memory boom

Listing would rank behind only SMIC’s on Shanghai’s Star Market, as AI demand boosts memory-chip market.

The office of ChangXin Memory Technologies in Hefei, in central China's Anhui province, is seen on October 4, 2024. Photo: CFOTO/Future Publishing via Getty Images
China economy

Opinion | A healthy economy isn’t built on asset bubbles and debt pyramids

A financial system designed to increase market valuations rather than improve people’s quality of life is prone to crisis.

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HKEX

Hong Kong IPO debut delayed in rare move over missing regulatory data: sources

DKE, a maker of e-paper display modules, says more time needed to finalise its exchange announcement and obtain clearances from regulators.

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Banking & finance

Hong Kong stocks rise as rallies from Alibaba, SMIC, others lift market sentiment

The Hang Seng Index closed high on Wednesday as investors stood firm and held onto newly unlocked shares following post-IPO lock up expiries.

The Hong Kong Exchanges and Clearing in Exchange Square on June 11. Photo: Jelly Tse
Hong Kong stock market

Mainland court claims jurisdiction over Hong Kong-listed firm in lawsuit

Beijing Financial Court applied extraterritorial provisions of mainland China’s Securities Law, Financial News reports.

China stock market

Mainland China markets follow US in embracing tech stock dominance

AI boom sees long-time bellwether Kweichow Moutai cede top spot in CSI 300 Index weightings to Zhongjin Innolight.

Hong Kong stock market

Zhipu AI, MiniMax shares to test Hong Kong market as lock-ups end

Shares worth US$11.5 billion to hit market as record wave of lock-up expirations starts and some firms eye share placements.

A view of Exchange Square in Central, where bourse operator Hong Kong Exchanges and Clearing has its headquarters, on June 11. Photo: Jelly Tse
Banking & finance

Hong Kong’s IPO surge

Hong Kong’s initial public offerings jumped 73 per cent in the first half of 2026, driven by listings from Chinese technology companies. Still, even with a robust pipeline, the city is unlikely to hold onto its IPO crown this year.

Hong Kong’s IPO surge
Banking & finance

Putting on the Reits: Hong Kong aims to amend its securities law

Government says it seeks to upgrade its listing regime later this year, boosting the city’s financial hub status and market transparency.

China stock market

China’s divergent stock market displays a microcosm of the nation’s economy

The stock market catalogues China’s uneven growth, as manufacturing expands and consumption falls.

China technology

China’s Momenta IPO oversubscribed 414 times as Hong Kong listings pack calendar

Autonomous-driving firm draws nearly 210,000 orders for a US$751 million offering, making it year’s second ‘red-chip’ firm to get Beijing’s permission to list via offshore structure.

A worker cleans a robotaxi model from Momenta during the Shanghai auto show in April 2025. Photo: AP
Artificial intelligence

AI computing stock panic over Meta rumour ‘erroneous’, analysts say

Fears of AI hardware glut not warranted, as ‘Meta’s data centre and compute procurement will accelerate, not slow down’, SemiAnalysis says.

A report that Meta Platforms was developing plans for a cloud business that would sell access to AI computing power led to a stock rout on Thursday. Photo: Reuters
Hong Kong stock market

Mainland investors buy more Hong Kong shares, favour SMIC, Zhipu AI

Onshore investors resoundingly reverse previous month’s outflow with US$3.5 billion in buying, led by AI-related shares.

China economy

Opinion | When and how will China ease capital controls?

While China has reasons to maintain capital controls, the recent crackdown on three Hong Kong brokerages is not meant to discourage mainland outbound investment.

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