ParanoiaKing

Reuters, citing three sources familiar with the matter, reported that Chinese startup DeepSeek is developing its own artificial intelligence (AI) chip. This move will reduce its reliance on Nvidia (NVDA.US) and Huawei chips. The sources indicated that the chip is designed for inference, meaning that trained AI models generate...

The Hong Kong Association of Banks welcomes a series of new policies announced by the People’s Bank of China, the Hong Kong Monetary Authority, and the Hong Kong Securities and Futures Commission to strengthen financial cooperation between the Mainland and Hong Kong. The early stages of cooperation between the Mainland and Hong Kong financial markets have already yielded fruitful results. The various optimization and capacity-expansion arrangements rolled out this time will further consolidate the foundation of cooperation and deepen cooperation between the Mainland and Hong Kong...

Apple Inc. (AAPL.US) is expected to begin assembling and shipping its first foldable iPhone in the second half of this year, with its core component suppliers and manufacturing partners already largely in place. According to domestic media outlet Blue Whale News, the UTG (Ultra-Thin Glass) cover for the foldable screen — the outermost protective layer — will be supplied by Lens Technology (300433.SZ/06613.HK)...

Swire Properties (01972.HK) recorded 4 transactions today for its "Hyde Garden" residential project in Island East. After selling one standard one-bedroom unit, that unit type has been completely sold out; the remaining 3 units sold via tender are two-bedroom one-bathroom units. High-floor units enjoy open views and magnificent sea views, with transaction prices ranging from approximately HK$7.63 million to HK$11.96 million...

Bank of China (Hong Kong) (02388.HK) welcomes and supports a series of measures announced today by the People's Bank of China, together with the Hong Kong Monetary Authority and the Hong Kong Securities and Futures Commission. The new measures will help further optimize the offshore renminbi market trading mechanism, enrich the range of offshore renminbi products and trading platform options, enhance the renminbi's international currency functions, and strengthen Hong Kong's position as a global...

Baogai New Materials (08090) will be listed tomorrow. On the eve of the listing, data from Huilei Trading Field shows that the stock’s gray market closed at 6.61 yuan, up 6.27% from the IPO price of 6.22 yuan. With 500 shares per lot, excluding handling fees, a single lot would earn 195 yuan. As for Yaocai New Stock Trading Center, the stock closed at 6.6 yuan, up 6.11%, with a profit of 190 yuan per lot.

July futures settlement price 23474 points, down 71 points, discount of 23 points; August futures settlement price 23473 points, down 83 points, discount of 24 points. July H-shares index futures settlement price 7759 points, down 30 points, discount of 11 points.

China Resources Land (Overseas) was honored with the "Hong Kong Top Ten Outstanding Property Developers" award at the "Hubexo Asia Awards 2026" (formerly known as BCI Asia Awards) ceremony held today (July 7). China Resources Land (Overseas) upholds its brand philosophy of "Quality brings more change to the city" and is committed to building high-quality projects,...

Mint (MIMI.US), a Hong Kong-based enterprise specializing in artificial intelligence (AI) and robotics, while also providing commercial interior design and decoration services, announced that its wholly-owned subsidiary Axonex Intelligence Limited (AXONEX) recently opened its R&D lab at its Hong Kong headquarters to welcome those who just participated in the VEX World...

Hong Kong's MPF posted a 6.78% return in the first half of 2026, with the best-performing fund category being Asia ex-Japan equities, averaging a return of 35.6%, while Hong Kong equities averaged a negative 9.97%. Looking ahead to the second half of 2026, investor risk appetite is expected to persist, but increased volatility should be watched, and allocations should consider flexibility. Fidelity National...

Reuters reported on Tuesday, citing sources, that Chinese authorities have held meetings with leading tech companies over the past month to discuss the possibility of restricting overseas access to China's most advanced AI models, including those not yet released. The report said the companies involved in the meetings included Alibaba (09988), ByteDance, and Zhipu (02513).

July night session futures index is reported at 23453 points, down 21 points, with a discount of 44 points; August night session futures index is reported at 23468 points, down 5 points, with a discount of 29 points.

Mei Rui Health International (02327) issued a profit alert, expecting that for the six months ending June 30, 2026, it will record a profit attributable to shareholders of not less than RMB 27 million, compared to a profit attributable to shareholders of approximately RMB 15.1 million in the same period last year. The main reason for the expected increase is the growth in revenue and profit of the group's property-related business, as the period...

Towngas Smart Energy (01083) redeems its convertible bonds due in 2026. On the maturity date of July 7, 2026, the company will pay bondholders a redemption amount of approximately HK$2.2291 billion (i.e., the principal amount of the convertible bonds of RMB 1.8356 billion, plus the period up to but excluding July 7, 2026...).

The Hong Kong Monetary Authority, together with the People's Bank of China and the Hong Kong Securities and Futures Commission, announced today (July 7) a series of new measures to support Hong Kong's fixed income and currency markets and the development of the offshore renminbi market. Liao Yijian, Co-Chief Executive of HSBC for Asia and the Middle East, said at the Hong Kong Fixed Income and Currency Summit and Bond Connect Forum today: "..."

In the first half of the year, Hong Kong's property market rebounded strongly. Overall, transactions of luxury homes in the Hong Kong Island area, including both primary and secondary markets, exceeded 1,400 cases in the first half, ranking as the third highest in nearly eight years.
Some agents predict that with scarce supply and high demand, luxury home transactions will remain stable and trend upward throughout the year.
Li Songxian, Director of Midland Realty, stated that the supply of new luxury homes on Hong Kong Island is scarce, and by 2027, it will even...

The Lands Department announced that in the second quarter, 7 presale consent letters for residential projects were issued, involving 2,419 units. Among these projects, 682 units come from the Kwu Tung project, expected to be completed this year; the remaining 1,737 units will be completed next year, from projects in Yuen Long, To Kwa Wan, Lantau Island, and Sai Kung. Two assignment consent letters were also issued in the previous quarter. As of June...

The July night session index futures closed at 23499 points, up 25 points, with a premium of 2 points, and 17,357 contracts traded. The August night session index futures quoted 23508 points, up 35 points, with a premium of 11 points, and 86 contracts traded.

The following new call and put stock options will commence trading on July 8, 2026:
Options on AAC Technologies expiring October 2026 with an exercise price of $30
Options on AAC Technologies expiring June 2027 with an exercise price of $30
Options on Conch Cement expiring July 2026 with an exercise price of $12
Options on Conch Cement expiring August 2026 with an exercise price of $12
Ex...

The following new call and put weekly stock option contracts will commence trading on July 8, 2026:
Weekly options on Akeso expiring on July 17, 2026 with exercise prices of $75/$77.5
Weekly options on BYD expiring on July 17, 2026 with an exercise price of $60
Weekly options on CATL expiring on July 10, 2026 with exercise prices of $560/$570...