Hong Kong AI recent listings pulled back in early trade: Zhipu (02513.HK) fell more than 6.6%, Xinqi Weizhuang (09630.HK) fell over 5%, and Tianshu Zhixin (09903.HK), Qunhe Technology (00068.HK) and MiniMax (00100.HK) each fell more than 3.5%.

Caitong Asset Management launched its first ETF-FOF (a fund-of-funds that primarily invests in ETFs). The product must allocate at least 80% of assets to public funds, and at least 80% of non-cash fund assets to ETFs. It is the third brokerage asset manager to issue an ETF-FOF after Guotai Haitong Asset Management and Bohai Huijin Asset Management in May. Issuers report positive market reception citing low volatility. As ETF and public-FOF market scale expanded, public ETF-FOF registrations resumed in 2025; in just over a year the number of ETF-FOFs has surpassed 33 with AUM of 14.5 bln yuan. With the first active ETFs now established and the total ETF universe exceeding 1,700, ETF-FOFs may move from niche experiments to broader portfolio allocation tools.

When asked about the impact of global central bank rate hikes, Bank of Japan Governor UEDA said the BOJ will examine various channels, including medium- to long-term bond markets and foreign exchange.