logo
Hong Kong stocks slip as investors await Beijing briefing on economic growth

Hong Kong stocks slip as investors await Beijing briefing on economic growth

Hong Kong stocks edged down as investors awaited potential stimulus measures from Chinese authorities in an imminent briefing, amid uncertainty about economic support for the country's recovery and tariff tensions with the US.
Advertisement
The Hang Seng Index dropped 0.5 per cent to 21,882.57 as of 9.45am local time. The Hang Seng Tech Index lost 0.2 per cent.
On the mainland, the CSI 300 Index slipped 0.2 per cent and the Shanghai Composite Index dropped 0.3 per cent.
BYD Electronic International fell 6.6 per cent to HK$32.45, while electric-vehicle maker BYD slid 4.6 per cent to HK$29.40. Ping An Insurance Group declined 2.2 per cent to HK$44.95, and China Resources Land dropped 3.1 per cent to HK$26.25.
On the flip side, e-commerce giant JD.com rose 1.7 per cent to HK$125.90, Sinopharm gained 2 per cent to HK$17.76 and Wuxi Biologics rose 1.1 per cent to HK$23.05.
Advertisement
Retail broker Bright Smart Securities surged 34.8 per cent to HK$4.11 after it resumed trading following an announcement that mainland China's online payment giant
Ant Group agreed to buy a controlling stake
Multiple Chinese agencies are set to hold a joint briefing at 10am local time to discuss policies and measures on stabilising employment, ensuring stable growth and promoting high-quality development. The National Development and Reform Commission, Ministry of Human Resources and Social Security, Ministry of Commerce and the People's Bank of China are in the line-up.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

China on Thai-Cambodian conflict; Taiwan recall vote: SCMP daily highlights
China on Thai-Cambodian conflict; Taiwan recall vote: SCMP daily highlights

South China Morning Post

time10 hours ago

  • South China Morning Post

China on Thai-Cambodian conflict; Taiwan recall vote: SCMP daily highlights

Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing China and Europe should foster a 'healthy' economic relationship characterised by both competition and cooperation, the Chinese premier told European Union leaders and businesses on Thursday. China will continue to play a 'constructive role' in helping to ease regional tensions, Foreign Minister Wang Yi said on Friday, as Thai and Cambodian troops exchanged fire on their border for a second day. Chinese researchers have manufactured the world's largest barium gallium selenide (BGSe) crystal, a breakthrough that could pave the way for ultra-high-power laser weapons capable of zapping satellites from the ground.

How China's new Information Support Force gears military up for PLA modernisation
How China's new Information Support Force gears military up for PLA modernisation

South China Morning Post

time12 hours ago

  • South China Morning Post

How China's new Information Support Force gears military up for PLA modernisation

China's new Information Support Force (ISF) has stepped up joint training with other military branches, showcasing an integrated combat system and increased mobile and decentralised deployment capabilities, according to the official paper of the People's Liberation Army (PLA). Advertisement This includes a new training approach featuring the 'embedding' of small ISF teams into the PLA's air, naval and ground forces to offer real-time information support. Established in April 2024 as part of the PLA's modernisation push, the force is tasked with coordinating the application of network information systems within the Chinese military. While official information has been limited, recent PLA Daily reports have offered a rare glimpse into the operations of the force – which also plays a pivotal role in incorporating advanced technologies such as artificial intelligence (AI) into the military's decision-making and combat systems. 02:09 China stages drone and counter-drone warfare demonstration China stages drone and counter-drone warfare demonstration In the 15 months since the force's establishment, restructuring measures such as setting up a new ISF base had been implemented down to the frontline levels, the PLA Daily said.

DSE candidates face 4pc rise in fees for 2026 exams
DSE candidates face 4pc rise in fees for 2026 exams

RTHK

time13 hours ago

  • RTHK

DSE candidates face 4pc rise in fees for 2026 exams

DSE candidates face 4pc rise in fees for 2026 exams The HKEAA says fees and charges are going up to optimise use of resources and maintain its long-term stability. File photo: RTHK The exams body on Friday announced a 4 percent increase in fees for the 2026 Hong Kong Diploma of Secondary Education (HKDSE) exams and the introduction of a new fees structure for private candidates. According to the Hong Kong Examinations and Assessment Authority (HKEAA), the fees for school candidates for key language and other subjects have been raised by HK$30 and HK$20 each respectively. For a candidate taking six subjects – two language and four other subjects – the total fees will amount to HK3,630. The HKEAA stated that the hike is similar to previous years and remains at a relatively moderate level, with the adjustment taking into account various factors. For private candidates, a flat fee of HK$595 will be charged and there will be a new two-tier fees structure depending on their residency status. Candidates who are non-Hong Kong permanent residents are required to pay HK$1,377 for each language subject and HK$1,119 for each additional subject, HK$600 more when compared with that for local residents. For non-permanent residents who are under 18 years old and sitting the exam for the first time, there will be a new special entry fee of HK$2,000 per person. That would mean examination fees of more than HK$9,800 for those taking four core subjects and two electives. The HKEAA said the fees and charges had been revised to optimise the use of resources and maintain the long-term financial stability of the body. "There has been a notable increase in the number of private candidates in recent years. Some of these candidates, holding non-HKDSE qualifications, are required to submit Special Entry applications, which necessitate substantial manpower and resources from the authority to carefully vet each case," it said. "Additional examination centres and personnel have also been arranged to accommodate the growing number of private candidates, further increasing the operational costs of the HKDSE."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store