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Hong Kong stocks closed higher, with the Hang Seng Index rising 1.34% and the Tech Index rising 1.58%. Optical communication and chip stocks performed strongly, with Yangtze Optical Fibre and Cable (06869.HK) up 12%, InnoLight Technology (03308.HK) u

2026-08-17

Hong Kong stocks closed higher, with the Hang Seng Index rising 1.34% and the Tech Index rising 1.58%. Optical communication and chip stocks performed strongly, with Yangtze Optical Fibre and Cable (06869.HK) up 12%, InnoLight Technology (03308.HK) up 8.2%, and Hua Hong Grace Semiconductor (01347.HK) up 7.45%.

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2026-08-17

China's fixed‑asset investment fell year‑on‑year in the first seven months, NBS spokesperson and chief economist Fu Linghui said at a State Council briefing on Aug 17. He attributed the decline to localized heat and heavy rain delaying construction,

China's fixed‑asset investment fell year‑on‑year in the first seven months, NBS spokesperson and chief economist Fu Linghui said at a State Council briefing on Aug 17. He attributed the decline to localized heat and heavy rain delaying construction, a complex external environment and a domestic economic transition and adjustment phase. Officials said assessment should emphasize investment structure, quality and efficiency as well as headline growth. Strengthened innovation and more effective policy implementation have been pushed this year investment to play a larger role in promoting industrial transformation, shoring up infrastructure and supporting livelihoods, shown by wider, higher‑quality investment in new sectors, continued increases in key areas and bigger allocations to people‑focused spending. NBS said investment structure is steadily optimizing and quality rising, which should help sustain growth momentum.
2026-08-17

China will publish July industrial production (enterprises above designated size) YoY, retail sales YoY, and the monthly residential sales-price report for 70 large- and medium-sized cities in 10 minutes.

China will publish July industrial production (enterprises above designated size) YoY, retail sales YoY, and the monthly residential sales-price report for 70 large- and medium-sized cities in 10 minutes.
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