SCMP Business
Chinese pharmaceutical companies are ramping up global expansion and the sector, set to sustain rapid growth with the upcoming third-quarter earnings releases, could see a further lift in market sentiment, analysts said. In the first three quarters, domestic innovative drugs accounted for 80 per cen
SCMP Business
Stocks on the Chinese mainland and in Hong Kong slumped as a hot reading on US inflation boosted bets that the Federal Reserve will raise interest rates. The CSI 300 Index slid 1.3 per cent and the chip-heavy Star Market 50 gauge tumbled 2.3 per cent. The Hang Seng Index fell 0.9 per cent to 24,094.
Yahoo 財經香港
SCMP Business
Even as geopolitical frictions and market swings unsettle venture investors, Hong Kong-founded Hermitage Capital is sticking to a global strategy of backing frontier technology companies wherever they emerge. With a US$1.5 billion war chest that is 80 per cent in US dollars, with the remainder in re
SCMP Tech & Innovation
Hong Kong new stock listing momentum is fading; the deluge of first public listings (IPOs) has overwhelmed investors' subscription appetite. According to Bloomberg data, 7 of the 12 new stocks listed in September declined on the first trading day, and a cumulative 15 of the 31 new stocks listed i...
SCMP Business
Mainland Chinese and Hong Kong stocks may face a challenging fourth quarter as investors contend with underwhelming stimulus measures from Beijing, tighter financial conditions in the US and a shift in the narrative around the artificial intelligence trade, according to analysts. The two markets wer
SCMP Tech & Innovation
Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs). Automated equipment manufacturer RoboTechnik Int
SCMP Business
Several Chinese mutual funds investing in US stocks have warned investors about risks associated with hefty premiums to their net asset values, highlighting persistent demand for US equities even after Beijing expanded quotas for outbound investment. At least six fund houses, including China Asset M
BlockTempo 動區
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SCMP Business
The global AI trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms’ launch of a new agentic tool, and anticipation surrounding the China-US leadership summit reignite interest in technology stocks. The Nasdaq-100 Index hit an all-time high on Tuesday, surpassing the pre
SCMP Business
China’s push for tech self-reliance is opening new investment opportunities in artificial intelligence stocks, but stretched valuations and geopolitical tensions make the sector an increasingly risky bet, according to Bank of America. The country’s tech firms are catching up with overseas rivals whi
SCMP Business
Stocks in Hong Kong and mainland China fell on Thursday, after the US Federal Reserve raised interest rates for the first time in three years and signalled that further tightening remained on the table. The benchmark Hang Seng Index fell 0.8 per cent to 24,537.30 as of 9.30am local time. The Hang Se
SCMP Business
China is bracing for a potential massive sell-off of a high-profile artificial intelligence chip stock on Thursday, when a lock-up period affecting 14 million shares in MetaX Integrated Circuits is set to expire. Analysts expect MetaX to face “significant selling pressure” when the restricted shares
SCMP Business
As concerted state buying puts a floor under mainland China’s onshore stock market amid Beijing’s stabilisation measures, investors in Hong Kong worry about coping with high volatility at a delicate time, with multiple market-roiling factors. These include geopolitical tensions, sluggish earnings gr
SCMP Business
Chinese stocks are likely to trade sideways through September, as resilient earnings growth is weighed down by concerns over potential monetary policy tightening in the United States, according to a recent strategy report by China Asset Management, the country’s second-largest mutual fund firm. Main
SCMP Business
Hong Kong and mainland Chinese stocks face a high-stakes week as investors navigate US inflation data, a strengthening Japanese yen and looming monetary policy decisions by two of the world’s most influential central banks. Friday’s consumer price index in the United States will take centre stage, w
SCMP Business
Chinese leveraged traders continue to unwind their bets on stocks, as unease over rising global bond yields and a lingering oil shock add uncertainty to the artificial intelligence trade. The outstanding balance of stocks bought with borrowed money dropped to 2.62 trillion yuan (US$390.1 billion) on
SCMP Hong Kong
Chinese mainland investors rotated into Hong Kong stocks tied to artificial intelligence and pulled out of companies in traditional industries in August, taking advantage of a market dip to boost bets on the world’s most cutting-edge technology. AI model developer MiniMax Group logged net buying of
SCMP Business
Beijing’s recent granting of new outbound investment allocations will help ease tight supply of cross-border investment products, including those invested in US securities, as Chinese investors look globally for diversification, according to analysts. The foreign-exchange regulator granted US$6.84 b
SCMP Business
Foreign investors boosted exposures to yuan-traded Chinese stocks by about a third in the second quarter, buying into companies tied to the artificial intelligence supply chain and China’s strategic green-energy industry. Global fund managers held a combined 10.1 billion shares in mainland-listed co