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Zhipu AI's GLM-5.3-Flash model has been officially released, driving the company's stock price up over 9% to HKD 1124 during intraday trading. The model achieved a score of 57 in the AI comprehensive intelligence index and disclosed that all inference traffic is carried by domestic chips.
Zhipu AI confirmed on Thursday that the Ox Alpha model, previously tested anonymously, is its newly released GLM-5.3-Flash (320B-A18B). The model scored 57 points on the Artificial Analysis Intelligen
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Chinese AI company Z.ai shares surge over 8% after releasing new AI model GLM-5.3-Flash that it claims runs entirely on Chinese chips
The company stated it used 100,000 China-made chips to handle all online requests for GLM-5.3-Flash, which was stealth-launched globally a week ago on August 20 under the code name "Ox Alpha." The mod
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Two more Chinese robotics firms, founded by former Alibaba executives, plan Hong Kong IPOs as early as next year
The two Hangzhou-based robotics start-ups, Infiforce Technology Group and another unnamed firm, are part of a growing wave of Chinese embodied artificial intelligence companies seeking to go public. T
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Analysis points out that Alibaba has had a lot of negative news recently, including the announcement of a $10.2 billion secondary stock offering and AI spending dragging down Q2 profits. It is not recommended to buy its stock in the short term.
A Yahoo Finance analysis article pointed out that Alibaba announced on Friday its plan for a secondary stock offering of approximately $10.2 billion, which will dilute existing shareholders' equity, a
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China's New China Life Insurance reported a 54.0% year-on-year increase in net profit to 22.793 billion yuan in the first half of the year, with investment income surging by 149.7%.
China's New China Life Insurance recently released its 2026 semi-annual report, showing that the company achieved operating revenue of 83.258 billion yuan during the period, a year-on-year increase of
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Sunny Optical Technology's H1 revenue increased by 11.5% to RMB 21.906 billion, with net profit up 9.9%. Emerging businesses such as machine vision have become new growth engines.
Sunny Optical Technology announced its interim results for the six months ended June 30, 2026, with revenue of approximately RMB 21.906 billion, a year-on-year increase of 11.5%; profit attributable t
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BeiGene's net profit for the first half of the year surged by 385.8% year-on-year to US$464 million, with total revenue reaching US$3.219 billion.
BeiGene announced its results for the six months ended June 30, 2026, with total revenue increasing by 32.3% year-on-year. The global sales of its flagship product, BRUKINSA® (zanubrutinib), reached U
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Hong Kong High Court Rules PwC International Must Face Trial Over Evergrande Claims
Hong Kong's High Court has rejected PwC International's application to be dismissed from lawsuits filed by the liquidators of China Evergrande Group. This ruling, issued on Wednesday, means PwC Intern
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Li Auto's Q2 revenue of 25.67 billion yuan exceeded expectations, with a net loss of 1.71 billion yuan and gross margin narrowing to 11%; Q3 revenue guidance is 17% below the median expectation.
Li Auto's Q2 results show revenue decreased by 15.1% YoY, slightly above market estimates of RMB 24.96 billion. The company swung from a net profit of RMB 1.10 billion in the same period last year to
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Hong Kong courts have ruled that Evergrande's liquidators can globally pursue PwC for its role in Evergrande's collapse, a move that could threaten the global partnership network model of the Big Four auditing firms.
Hong Kong courts have ruled that Evergrande's liquidators can globally pursue PwC for its role in Evergrande's collapse, a move that could threaten the global partnership network model of the Big Four
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JPMorgan Chase: Market Overreacted to Alibaba's HK$80 Billion Share Placement, Maintain "Overweight" Rating and Recommend Buying
JPMorgan Chase released a report stating that Alibaba's HK$80 billion (approximately US$10.3 billion) placement completed on August 24 triggered market concerns about the economics of its AI capital e
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Jack Ma's Purchase Fails to Ease Investor Concerns Over Alibaba's $10 Billion Share Buyback and AI Funding Approach
Alibaba Group Holding Ltd.’s efforts to revive market sentiment after a $10 billion share placement failed to allay investor concerns about how it will choose to fund its AI ambitions.
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Chinese confectionery giant Amos Food plans Hong Kong listing to expand global sweets empire, application submitted
Chinese confectionery giant Amos Food plans Hong Kong listing to expand global sweets empire, application submitted
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Shein Backers Said to Agree to Six-Month Lock-Up on New IPO Shares
Existing investors in fast-fashion retailer Shein Global Holdings Ltd. are agreeing to a lock-up on new shares allocated to them in its Hong Kong initial public offering, according to people familiar
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Hong Kong Court Rules PwC International Cannot Be Removed from Evergrande Lawsuit
A Hong Kong court declined to remove PricewaterhouseCoopers International Ltd. as a defendant in a multibillion-dollar lawsuit. The action was brought by China Evergrande liquidators against the firm
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China's CXMT (CXMT) becomes a potential LPDDR6 supplier for Xiaomi, following SK Hynix as an expected supplier
CXMT's LPDDR6 will be the first domestically produced memory to be paired with Xiaomi's Xring O3 processor and put into commercial use, according to supply chain sources cited by Beijing News on Tuesd
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AiTEM, the AI formulation innovation platform developed by AiTEM Therapeutics, has completed its localized deployment at Hengrui Medicine and signed a strategic cooperation agreement with Zhejiang Hisun Pharmaceutical.
AiTEM, AIT Therapeutics' AI-powered formulation innovation platform, completed its on-premise deployment at Hengrui Pharmaceuticals on August 3rd, to be used for the development of formulations for po
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Genscript Biotech's OpenCGT project has reached delivery technology cooperation agreements with multiple companies, with potential total transaction value exceeding 6 billion yuan.
Genscript ProBio's OpenCGT project, launched in 2025, aims to open the capabilities of its AiLNP platform to external companies. Currently, the project has established technical collaborations with co
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Jetron Therapeutics' MTS-128 drug licensed to Boulevard Bio in the US, has received a $20 million upfront payment, with potential milestone payments up to $1.6 billion.
Jetall Pharmaceuticals has exclusively licensed the global development, manufacturing, and commercialization rights of MTS-128, its proprietary trispecific TCE drug developed on the NanoForge platform
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Chinese jewelry brand Laopu Gold emphasizes bright outlook and global plans despite first-half earnings missing forecasts
Laopu Gold downplayed headwinds on Wednesday after its first-half earnings missed estimates, stressing its continued growth through a rough patch for the industry.
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Innovent Biologics' net profit for the first half of the year increased by 50.2% to RMB 1.253 billion, with its stock price rising over 12% during intraday trading.
Innovent Biologics announced today that its total revenue for the first half of 2026 reached RMB 8.618 billion, a year-on-year increase of 44.8%. Boosted by this news, the company's share price in Hon
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Hong Kong-listed biotech firms accelerate Moderna-style cancer vaccine development amid market frenzy
Following Moderna's breakthrough cancer vaccine trial, Chinese companies including Jiangsu Hengrui Pharmaceuticals and Li Ka-shing-backed CK Life Sciences are pushing forward with similar programmes.
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Hong Kong's Super-Rich Face Millions in Losses as Luxury Homes Sell at Steep Discounts
Hong Kong's super-rich are facing significant losses as some luxury homes are selling at painful discounts, with financially pressured owners accepting substantial price cuts to exit the market. One r
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China's draft cross-border anti-corruption law submitted to the Standing Committee of the National People's Congress for deliberation, potentially impacting Hong Kong's financial and real estate markets.
The bill aims to punish corrupt officials severely and expand the scrutiny of large amounts of wealth transferred overseas.
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China's stock market saw a slight rebound after 12 weeks of declines, with financial regulators set to discuss support measures.
Chinese equities saw a modest rebound after 12 weeks of declines, as financial regulators are set to discuss support measures. The CSI 300 Index closed up 0.8%, while the STAR 50 Index surged 3.1%, ma
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SFC survey: 30% of Hong Kong's large financial firms now use agentic AI, regulator warns of risks
The Securities and Futures Commission (SFC) has released its first-ever AI readiness survey, revealing that most large financial firms in Hong Kong are already using artificial intelligence across the
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Hong Kong's IPO market cools in Q4 but aims for year-end rush to hit $61B target and top-three global ranking
Hong Kong's initial public offering (IPO) momentum has cooled sharply in the fourth quarter amid market volatility and tighter regulatory scrutiny, with only three new listings since October. However,
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Hong Kong SFC welcomes HKEX's expansion of Chinese government bonds for margin collateral
Hong Kong SFC welcomes HKEX's expansion of Chinese government bonds for margin collateral
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Hong Kong Financial Secretary Paul Chan: 2026 Economic Growth May Hit Five-Year High
Hong Kong's Financial Secretary, Paul Chan, stated that the city's economy remained strong in the third quarter, paving the way for its strongest annual growth in five years by 2026, according to RTHK
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Hong Kong buyers avoid properties with discounts of up to 50% due to "unnatural death" incidents, while French buyers accept discounts of up to 80% through "viager" sales.
According to real estate agents, despite Hong Kong being the world's least affordable housing market, many buyers still avoid properties associated with "unnatural deaths" such as murder or suicide. S
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AI Stock Sell-off Hits Asian Markets: China's CSI 300 Index Posts Largest Monthly Drop in Over a Decade, Hong Kong's Hang Seng Index Rises Against the Trend
China's CSI 300 Index fell 1.4% on Friday, impacted by a global sell-off in AI stocks. It recorded an 8.5% decline for the month, its largest monthly drop in over a decade, and its longest losing stre
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HKMA: Residential mortgage loan applications in September decreased by 10.5% month-on-month, with approved loans falling to HKD 31.8 billion.
The HKMA announced the results of its residential mortgage loan survey for September 2026. The number of mortgage applications in the month decreased by 10.5% month-on-month to 7,560. The total value
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HKMA: The number of residential mortgage loans in negative equity fell to 3,819 cases at the end of September, with a total value of HKD 17.3 billion.
The Hong Kong Monetary Authority (HKMA) announced today that the number of residential mortgage loans (RMLs) in negative equity in Hong Kong decreased to 3,819 cases as of end-September 2026, down fro
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HKMA: Foreign Exchange Fund's total assets amounted to HKD 4.3084 trillion at the end of September, a month-on-month decrease of HKD 27 billion.
The Hong Kong Monetary Authority (HKMA) announced today that the total assets of the Exchange Fund amounted to HK$4.3084 trillion as of September 30, 2026, a decrease of HK$27 billion from the end of
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Evergrande liquidators agree to sell 51.016% stake in property services unit to PAG for US$513.6 million
Liquidators of China Evergrande Group have agreed to sell a 51.016% controlling stake in its property management arm, Evergrande Property Services, to investment firm PAG for HK$4.03 billion (US$513.6
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Hong Kong banks face growing backlog of repossessed homes, with mortgagee listings hitting a four-quarter high.
The number of residential properties listed for sale by mortgagees in Hong Kong rose 30% in the third quarter to 262 at the end of September, marking a four-quarter high and the largest increase since
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The Hang Seng Index is up 1.52% from its previous close, currently at 23,306.74.
The Hang Seng Index is up 1.52% from its previous close, currently at 23,306.74.
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Foreign investors net sold 19.11 trillion won ($14.25 billion) of South Korean stocks in September, resuming net selling after August briefly ended seven consecutive months of sell-offs; geopolitical risks and concerns over AI profitability were key factors.
Foreign investors net sold 19.11 trillion won ($14.25 billion) of South Korean stocks in September, resuming net selling after August briefly ended seven consecutive months of sell-offs; geopolitical
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Hong Kong to host Global Financial Leaders’ Investment Summit next week; Hang Seng Index historically gained 1.6% during summit week
Hong Kong will host its annual Global Financial Leaders’ Investment Summit next week, starting Monday with a welcome dinner, followed by two days of panel discussions. The event is expected to attract
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Bloomberg: Chinese Investors Are Exiting Hong Kong Stocks at the Fastest Pace in Over Five Years, Threatening to Intensify Sell-Off
Bloomberg: Chinese Investors Are Exiting Hong Kong Stocks at the Fastest Pace in Over Five Years, Threatening to Intensify Sell-Off
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PAG has agreed to acquire a majority stake in China Evergrande Property Services for $514 million.
PAG has agreed to acquire a majority stake in China Evergrande Property Services Group Ltd. for HK$4.03 billion (approximately US$514 million). This news has been confirmed via a HKEX filing, consiste
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BYD's Q3 Net Profit Rises 28% YoY, Overseas Expansion Offsets Weak Domestic Demand
BYD's Q3 Net Profit Rises 28% YoY, Overseas Expansion Offsets Weak Domestic Demand
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Hong Kong's Hang Seng Index closed down 0.6% on Thursday, as mainland Chinese tech stocks experienced a deep sell-off, with the ChiNext Index falling 4.45%.
Hong Kong's Hang Seng Index closed down 0.6% on Thursday at 22,958 points, with the Tech Index falling 2.8%. Mainland Chinese equities also saw broad declines, with the ChiNext Index plunging 4.45% to
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Cheung Kong suspends sales for Yuen Long Montage residential project in Hong Kong, possibly due to required amendments in land lease documents.
CK Asset Holdings has suspended sales for its Montage residential project in Yuen Long, Hong Kong, which was originally scheduled to launch its first batch of units for marketing within days. The comp
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Hong Kong's first five-year plan focuses on new growth engines, with HK$388 billion raised in IPOs in the first nine months of 2026
Hong Kong's Financial Secretary Paul Chan stated on Thursday that the city's first five-year plan provides a clear framework for policymaking and investment, urging businesses to understand government
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Hong Kong regulatory tightening leads to more delistings than resumptions for first time in three years
A report by accountants Grant Thornton indicates that Hong Kong's tightened securities regulations, prompted by events like Evergrande's liquidation and IPO frauds, resulted in 35 delistings versus 21
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Samsung Electronics shares fell after its third-quarter profit slightly missed analysts' estimates.
Samsung Electronics shares fell after the company reported third-quarter profits that slightly missed analyst expectations, despite its optimistic outlook on AI spending.
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Veteran investor Ramon Lo has purchased two street-level shops in Wan Chai, Hong Kong, for HK$32.5 million (US$4.1 million).
Veteran investor Ramon Lo has purchased two street-level shops in Wan Chai, Hong Kong, for HK$32.5 million (US$4.1 million).
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Hong Kong Dollar Strong-Side Convertibility Undertaking Reappears: Analysis of Capital Logic and Beneficiary Paths for Hong Kong Stocks
In May 2025, the Hong Kong dollar (HKD) exchange rate against the US dollar (USD) touched the strong-side convertibility undertaking of 7.75 for the first time in nearly five years, triggering intervention by the Hong Kong Monetary Authority (HKMA) to sell HKD and buy USD. This action injected substantial HKD liquidity into the market, leading to a significant increase in the banking system's aggregate balance and a notable decrease in the Hong Kong Interbank Offered Rate (HIBOR). This phenomenon was primarily driven by active capital market activities, demand for Hong Kong stock investments (such as IPOs and southbound funds via Stock Connect), and dividend payouts by listed companies. Although the subsequent widening of the HKD-USD interest rate differential led to carry trades, causing the HKD to weaken and trigger the weak-side convertibility undertaking, the market generally believes that capital inflows are positive for Hong Kong stock liquidity, providing favorable funding conditions for Hong Kong stocks.
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Tencent's 100 Billion Buyback and the Revaluation Logic of Hong Kong Stocks: Where to Find Alpha in China Concept Internet Stocks?
As of August 27, 2026, Tencent has continued its substantial share repurchases, with the amount exceeding HKD 28.5 billion year-to-date, leading the Hong Kong stocks market. Amidst a broader share repurchase trend in Hong Kong stocks and the reform of the Hang Seng Tech Index, Tencent's strategy is shifting from mere repurchases to increased investment in AI. This article will explore how these factors collectively influence the valuation of the China Concept Internet sector, the critical role played by Southbound Capital, and analyze the potential opportunities for Hong Kong tech stocks.
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China's Q2 2026 Economic Growth Slows: Policy Focus Shifts to High-Quality Development, Hong Kong Stocks' Resilience Under Scrutiny
In the second quarter of 2026, China's GDP grew by 4.3% year-on-year, lower than the 5.0% in the previous quarter, indicating a slowdown in economic growth. Under the structural contradiction of "strong supply and weak demand," the Chinese government is shifting its policy focus from simply pursuing growth speed to improving growth quality and developing "new productive forces." During the same period, Hong Kong's economy also experienced a growth回调, but its active foreign trade and valuation advantages have kept Hong Kong stocks in the spotlight for some investors amidst market fluctuations. Relevant economic data can be viewed on Svmuu.
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