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Hong Kong stocks closed higher, with the Hang Seng Index rising 0.52% and the Hang Seng Tech Index rising 1.16%. Sectors such as mainland property, building materials and cement, gold, and optical communications performed strongly. Lenovo Group (0099

2026-10-16

Hong Kong stocks closed higher, with the Hang Seng Index rising 0.52% and the Hang Seng Tech Index rising 1.16%. Sectors such as mainland property, building materials and cement, gold, and optical communications performed strongly. Lenovo Group (00992.HK) rose more than 8%.

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2026-10-16

The National Development and Reform Commission and two other agencies issued guidance to improve the price-formation mechanism for inclusive eldercare services, aiming to raise quality and expand coverage. Eldercare charges are defined as: basic serv

The National Development and Reform Commission and two other agencies issued guidance to improve the price-formation mechanism for inclusive eldercare services, aiming to raise quality and expand coverage. Eldercare charges are defined as: basic service fees (bed and nursing charges); non-basic service fees (meals and other ancillary fees charged or collected on residents' behalf); and home-visit service fees (fees for in-home services). Charging and oversight will vary by institution and service type; items under government-guided pricing will have provincial development-and-reform departments, together with industry regulators, set benchmark fees and allowable fluctuation ranges, or provincial governments may authorize prefecture-level and above governments to set standards.
2026-10-16

[71.8% Probability of Fed Keeping Rates Unchanged in October] According to CME's FedWatch Tool: The probability of the Fed keeping interest rates unchanged by October is 71.8%, with a 28.2% probability of a cumulative 25 basis point rate hike. The pr

[71.8% Probability of Fed Keeping Rates Unchanged in October] According to CME's FedWatch Tool: The probability of the Fed keeping interest rates unchanged by October is 71.8%, with a 28.2% probability of a cumulative 25 basis point rate hike. The probability of the Fed keeping rates unchanged by December is 7.2%, with a 67.4% probability of a cumulative 25 basis point rate hike and a 25.4% probability of a cumulative 50 basis point rate hike.
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