Key News
1. The number of constituent stocks in the Hang Seng Index will increase from 93 to 95, with the addition of Huahong Grace Semiconductor (01347.HK) and Weichai Power (02338.HK); the number of constituent stocks in the Hang Seng TECH Index will remain at 30, with the addition of Tianshu Zhixin (09903.HK) and the removal of Tongcheng Travel (00780.HK).
Individual Stock News
1. Alibaba (09988.HK): 710 million new shares were placed at a price of HK$112.7 per share, with expected proceeds of HK$80 billion.
2. Beike-W (02423.HK) released its interim results: net profit of RMB 3.879 billion, an increase of 79.42% year-on-year.
3. Tongcheng Travel (00780.HK) completed its acquisition of Didi Chuxing (02559.HK), which will continue to operate independently.
4. ZTE Corporation (00763.HK) released its interim results: net profit attributable to shareholders was RMB 2.753 billion, a year-on-year decrease of 45.57%.
5. Zijin Mining (02899.HK) announced its interim results: net profit attributable to shareholders was approximately RMB 39.17 billion, a year-on-year increase of 68.17%.
6. Oriental Selection (01797.HK) announced its annual results: adjusted profit was approximately RMB 629 million, a year-on-year increase of 262.2%.
7. Xizhi Technology-P (01879.HK) released its interim results: adjusted net loss was RMB 147 million, a year-on-year increase of 11.95%.
8. InnoLight Technology (03308.HK) reported a net profit attributable to shareholders of approximately RMB 13.651 billion for the first half of the year: a year-on-year increase of 241.70%, driven by the rapid expansion of overseas business due to AI computing power demand.
9. SHEIN, a Chinese fast-fashion apparel retailer, will begin its IPO today and continue until Thursday (August 27), offering approximately 280 million Class B shares globally.
10. MMG Limited (01208.HK): Following the fatal accident at its Las Bambas mine in Peru on August 19, the company confirmed that the mine and ore processing plant resumed operations on August 21.
11. Sinopharm Holdings Limited (01099.HK): First-half net profit attributable to shareholders was RMB 3.404 billion, a year-on-year decrease of 1.80%.
