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Hong Kong stocks closed higher, with the Hang Seng Index rising 1.28% and the Hang Seng Tech Index rising 0.65%. Heavy machinery, power equipment, building materials and cement, and non-ferrous metals sectors led the gains. Chip stocks retreated, wit

2026-07-23

Hong Kong stocks closed higher, with the Hang Seng Index rising 1.28% and the Hang Seng Tech Index rising 0.65%. Heavy machinery, power equipment, building materials and cement, and non-ferrous metals sectors led the gains. Chip stocks retreated, with Huahong Grace (01347.HK) closing down 7.49%.

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2026-07-23

Hyundai Motor: Will activate contingency plans to offset the deterioration in profitability caused by tariffs and production disruptions.

Hyundai Motor: Will activate contingency plans to offset the deterioration in profitability caused by tariffs and production disruptions.
2026-07-23

Shanghai Municipal Development and Reform Commission and other departments measures issued to bolster tech finance, including deepening a bond-market "technology board." The package promotes local deployment of policy tools—private-enterprise bond ri

Shanghai Municipal Development and Reform Commission and other departments measures issued to bolster tech finance, including deepening a bond-market "technology board." The package promotes local deployment of policy tools—private-enterprise bond risk-sharing, the national financing guarantee fund—and urges financial institutions to develop credit-risk mitigation instruments to form a central-local coordinated credit enhancement framework supporting tech-innovation bond issuance. The measures call for using Shanghai interest-subsidy programs to back eligible issuers and for product innovation, including support for tech convertible bonds and other equity-debt linked instruments.
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