Hong Kong Stock Exchange

Key Takeaways: New Gonow has received a key regulatory nod to list in Hong Kong, reporting rapidly improving margins as it gains economies of scale The company manufactures recreational vehicles in China for sale in Australia, and aims to eventually expand to North America and Europe By Doug...

Key Takeaways: A new rule that will keep Hong Kong’s stock market open through bad weather events will take effect on Sept. 23 Analysts believe the measure will have limited impact on trading volumes, and say other measures like lowering trading-related taxes will do more to attract...

Key Takeaways: Beijing is rolling out a host of measures to boost economic growth and support sagging stock markets. The policies helped Hong Kong’s Hang Seng jump 4.2% last week, breaking a January losing streak Under a new policy, market valuation will become a performance metric for...

Key Takeaways: Changjiu Holdings, a subsidiary of Changjiu Group, has been expanding its revenues in recent years but profits have been volatile, falling nearly 27% in the first half of this year despite higher turnover Aside from vehicle monitoring, the firm manages dealership operations on...

The Hong Kong stock market experienced a downturn driven by worries about the Chinese economic recovery. Electric vehicle (EV) maker Xpeng Inc. (NYSE:XPEV) bore the brunt of the losses following the Alibaba Group (NYSE:BABA) announcement to sell off a substantial portion of its shares in the...

Key Takeaways: Nicefilm has applied a fourth time to list in Hong Kong, reporting its 2022 profit jumped by 2.5 times, mainly due to strong IP sales  The entertainment company’s profit has been volatile in the past few years due to the hit-and-miss nature of the filmed entertainment...

Key Takeaways: Tuhu has been backed by five established investors including Tencent, Leapmotor and Gotion High-Tech in its public offering starting last Friday The company posted an adjusted profit for the first time in its latest half-year earnings but its Hong Kong shares got a lukewarm response...

Key Takeaways: Fourth Paradigm’s IPO application has been accepted by the Hong Kong Stock Exchange, as it targets up to HK$1.15 billion in fundraising The AI company lost 291 million yuan on 644 million yuan in revenue in this year’s first quarter By Lau Chi Hang With artificial...

Key Takeaways: Fenbi performed well across its three major businesses in the first half, with gross margin on classroom-based tutoring jumping 10 percentage points to 46.3% Going forward, the company plans to invest in upgrading its AI technology By Molly Wen China’s weakening economy has...

Hong Kong Stock Market Hong Kong stocks still recorded declines after repeated shocks last week. Although the decline was not large, it had a certain negative impact on the short-term structure. At the beginning of the week, under the influence of many targeted policies, the market carried out...

Key Takeaways: ZG Group will raise HK$605 million from new investors through its SPAC merger with Aquila Acquisition, valuing the company at HK$10 billion The company lost a combined 1.1 billion yuan in the past three years and reported an additional 44.6 million yuan loss in this year’s...

Key Takeaways: China Renaissance’s revenue fell about 7% year-on-year in the first half, while its net loss narrowed slightly The results highlight the company’s challenges as its founder remains absent and economic uncertainty leads to weak fundraising demand from Chinese companies...

Hong Kong Stock Market The performance of Hong Kong stocks last week was first high and then low. Under the influence of the multiple policies from the Securities Regulatory Commission and the People’s Bank of China, it still brought a certain positive stimulus to the market. Eventually...

Key Takeaways: New Horizon Health posted a 61.3 million yuan adjusted profit in the first half of 2023, benefiting from soaring revenue for its three approved products The company sees big growth potential for its home-based cervical cancer screening product By Molly Wen Despite taking advantage...

Key Takeaways: With no product or licensing revenue, Sunho Biologics has been piling up debts from high R&D spending The company only just crept over the listing threshold after a fund-raising round in May boosted its market capitalization By Molly Wen Hong Kong’s IPO market has been...