Liuliumei(06658.HK), which will be listed on 15 June, opened up 99.6% to $87 on gray market. Peaking/ bottoming at $113/75, it closed at $99.25, up 127.7% or $55.67 from the listing price, on volume of 1.58 million shares and turnover of $151.8 million, according to Futu data. Excluding handling fee, the book gain was $5,567 per board lot size of 100 shares.

Liuliumei(06658.HK), which will be listed on 15 June, opened up 37.7% to $60 on gray market. Peaking/ bottoming at $113.8/60, it closed at $100, up 129.5% or $56.42 from the listing price, on volume of 965,000 shares and turnover of $92.3 million, according to PhillipMart data. Excluding handling fee, the book gain was $5,642 per board lot size of 100 shares.
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The Government of the Hong Kong Special Administrative Region has signed a comprehensive agreement for the avoidance of double taxation with the Government of the Republic of Cyprus.

In accordance with this CDTA, any tax paid by Hong Kong residents in Cyprus will be allowed as a credit against the tax payable in Hong Kong in respect of the same income, subject to the provisions of the Inland Revenue Ordinance (Cap. 112) (IRO). Moreover, Cyprus' withholding tax rates for Hong Kong residents on royalties, currently at up to 10 per cent, will be reduced to 3 per cent.

The CDTA will come into force after completion of ratification procedures by both sides. In Hong Kong, the Chief Executive in Council will make an order under the IRO, which will be tabled at the Legislative Council for negative vetting.
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WUXI APPTEC (02359.HK) repurchased 2.3 million ordinary shares of the company on the Stock Exchange of Hong Kong today (12th), at prices ranging from HKD121.2 to HKD127.3 per share, involving approximately HKD289 million.

Since the repurchase mandate was approved on 28 April 2026, the company has cumulatively repurchased 18.4383 million shares, representing 0.618% of its issued share capital.
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SHIMAO GROUP (00813.HK) announced that in May 2026, the Group’s contracted sales amounted to approximately RMB1.22 billion and the Group’s contracted sold area amounted to 96,846 sq.m.. The average selling price for May 2026 was RMB12,597 per sq.m..
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Hang Seng Indexes Company announced that, to enhance the management of the Hang Seng Family of Indexes, the quarterly index rebalancing schedule will be split into two groups. The rebalancing will generally be implemented after market close on the first or second Friday of the rebalancing month (June, September, December and March), depending on the index groupings.

The first group of indexes comprises those that do not require constituents to be eligible for Southbound trading under the Stock Connect Scheme, for example, Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng Composite Index. Regular rebalancing will generally be implemented after market close on the first Friday of the rebalancing month.

The second group of indexes comprises those that require constituents to be eligible for Southbound trading under the Stock Connect Scheme, for example, Hang Seng Stock Connect Hong Kong Index Series, Hang Seng Biotech Index, and Hang Seng SCHK High Dividend Low Volatility Index. Regular rebalancing will generally be implemented after market close on the second Friday of the rebalancing month.

This update will apply from the index review for the period ending 30 June 2026. Accordingly, the September 2026 quarterly rebalancing for Group 1 Indexes and Group 2 Indexes will be effective on 7 September 2026 (Monday) and 14 September 2026 (Monday) respectively.
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INT MEDICAL (01501.HK) announced that the Company proposes to issue A shares on a stock exchange in the PRC. The Board further announced that the Company has appointed and entered into a tutoring agreement with Guotai Haitong Securities as the Company’s pre-listing tutoring institution for the purpose of the Company’s Proposed Issuance of A Shares; and the Company has been notified that the Shanghai Regulatory Bureau of the China Securities Regulatory Commission (Shanghai CSRC Bureau) has accepted the registration for pre-listing tutoring regarding the Proposed Issuance of A Shares.
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Hang Seng Indexes Company announced that the listing of SpaceX (SPCX.US) starts today (12th). Accordingly, the index methodology of the Hang Seng HK-US TECH Index will be updated by adding SpaceX to the designated U.S.-listed constituent list.

The weighting of the eight US-listed constituents will be recalculated to equal weight after market close on June 23. The newly added constituent and the updated constituent weightings will take effect on June 29.
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HKEX (00388.HK) announced that it will further widen the After-Hours Trading (T+1) session price limit for specified stock index futures contracts from +/-5% to +/-6%. The exchange will conduct a drill next Saturday (20th) to test the preparedness of participating institutions. However, the Hang Seng Biotech Index futures are not included in the list for the expansion.

HKEX reviews and adjusts the price limits of its futures products from time to time, Chinese media reported, citing HKEX’s response. At present, there is no plan to adjust the price limits for Hang Seng Biotech Index futures.

The circular issued this time is to notify brokers to participate in the relevant drill, while the specific implementation timetable will be announced separately after regulatory approval.

HKEX believes the relevant adjustments will help ensure smooth market trading and prevent an abrupt drop in liquidity under extremely volatile market conditions.

The above-mentioned contracts include Hang Seng Index Futures; Hang Seng Total Return Index Futures; Hang Seng China Enterprises Index Futures; Hang Seng China Enterprises Total Return Index Futures; Hang Seng TECH Index Futures; Mini-Hang Seng Index Futures; and Mini Hang Seng China Enterprises Index Futures, excluding Hang Seng Biotech Index Futures.
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Liuliumei(06658.HK), which will be listed on 15 June, opened up 99.6% to $87 on gray market, and last printed at $86, up 97.3% from the listing price , on volume of 775,900 shares and turnover of $68.79 million, according to Futu data.

Liuliumei(06658.HK), which will be listed on 15 June, opened up 37.7% to $60 on gray market, and last printed at $86, up 97.3% from the listing price , on volume of 516,000 shares and turnover of $46.2 million, according to PhillipMart data.
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The HSI closed at 24,718, up 468 pts or 1.93%. Full-day turnover reached HKD316.438 billion. The HSTECH closed at 4,705, up 49 pts or 1.06%, while the HSCEI closed at 8,374, up 157 pts or 1.91%.

Financials advanced. CHINA LIFE (02628.HK) jumped up 6.58%, HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) spiked over 3%, BOC HONG KONG (02388.HK) gained 2.42%, and AIA (01299.HK) added 1.08%. Mainland Chinese banks also had a good run, with ICBC (01398.HK), ABC (01288.HK) and CCB (00939.HK) leaping over 3%, while BANK OF CHINA (03988.HK) mounted 2.98%.

Major tech names were mixed. BABA-W (09988.HK) spiked 2.61%, TENCENT (00700.HK) grew 1.4%, JD-SW (09618.HK) climbed 3.4%, while MEITUAN-W (03690.HK) edged down 0.26%.

Among movers, CHOW TAI FOOK (01929.HK) rallied 15.2% to HKD12.81 after reporting results, making it the best-performing blue chip of the day. LAOPU GOLD (06181.HK) skyrocketed 6%, LUK FOOK HOLD (00590.HK) spiked 5.13%, and CHOW SANG SANG (00116.HK) ballooned 7.39%.

In the afternoon, global banks were reportedly restricting hedge funds’ leveraged bets on Asian chip stocks including SK Hynix, Samsung and TSMC. Chip shares turned lower, with SMIC (00981.HK) down 2.25%, MONTAGE TECH (06809.HK) down 2.74%, and GIGADEVICE (03986.HK) down 4.88%. XL2CSOPHYNIX (07709.HK) once surged 15% before closing up 0.52%, while XL2CSOPSMSN (07747.HK) narrowed upswing to 12.62%.
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At close, HSI rose 468 pts or 1.9% to 24,718. HSTI rose 49 pts or 1.1% to 4,705. HSCEI gained 157 pts or 1.9% to 8,374. Market turnover reached $316.44 billion.

Active Heavyweights:
BABA (09988.HK) closed at $110.2, up 2.6%
HKEX (00388.HK) closed at $380.6, up 1.8%
TENCENT (00700.HK) closed at $463.6, up 1.4%
XIAOMI (01810.HK) closed at $26.2, up 1.4%
PING AN (02318.HK) closed at $57.15, up 0.5%
MEITUAN (03690.HK) closed at $77.9, down 0.3%

HSI & HSCEI Constituents on Move:
CHOW TAI FOOK (01929.HK) closed at $12.81, up 15.2%
CMOC (03993.HK) closed at $18.8, up 12.2%
ZIJIN MINING (02899.HK) closed at $31.4, up 7.9%
LI AUTO (02015.HK) closed at $57, up 7.2%
CHINA LIFE (02628.HK) closed at $30.12, up 6.6%
LAOPU GOLD (06181.HK) closed at $470, up 6%
SINO BIOPHARM (01177.HK) closed at $4.7, up 5.4%
CHALCO (02600.HK) closed at $10.33, up 4.9%
INNOVENT BIO (01801.HK) closed at $76.45, up 4.8%
AKESO (09926.HK) closed at $92, up 4.8%
BEKE-W (02423.HK) closed at $43.9, up 4.5%
SHENZHOU INTL (02313.HK) closed at $44.9, up 4.4%
WUXI BIO (02269.HK) closed at $31.08, up 3.8%
NONGFU SPRING (09633.HK) closed at $44.06, up 3.7%
ICBC (01398.HK) closed at $7.22, up 3.4%
BUD APAC (01876.HK) closed at $7.23, up 3.4%
JD (09618.HK) closed at $112.6, up 3.4%
NEW ORIENTAL (09901.HK) closed at $36.68, up 3.4%
CCB (00939.HK) closed at $8.98, up 3.3%
BANKCOMM (03328.HK) closed at $7.72, up 3.2%, hitting new high
HSBC HOLDINGS (00005.HK) closed at $142.8, up 3.1%
ABC (01288.HK) closed at $6.06, up 3.1%
PICC P&C (02328.HK) closed at $15.55, up 3%
BANK OF CHINA (03988.HK) closed at $5.53, up 3%, hitting new high

HSMI & HSSI Constituents on Move:
MININGLAMP-W (02718.HK) closed at $245, up 21.2%
JF SMARTINVEST (09636.HK) closed at $29.28, up 14.5%
HAIZHI TECH GP (02706.HK) closed at $55.85, down 12.7%
LINGBAO GOLD (03330.HK) closed at $15.38, up 12.4%
CHERVON (02285.HK) closed at $16.8, up 12.1%
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As Mainland China has recently stepped up scrutiny of cross-border capital flows, Clement Cheung, CEO of the Insurance Authority, responded at a summit that the move was triggered by certain illicit actors conducting illegal cross-border capital activities through specific channels. Regulating such activities is entirely appropriate; otherwise, it would deviate from the country’s positioning of Hong Kong.

Cheung accentuated that enhanced supervision is intended to combat violations, adding that the key lies in strengthening formal cross-border connectivity channels while carrying out effective regulatory work. The market needs not be overly concerned, and robust supervision will be conducive to Hong Kong’s development in the long run.
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At midday close, HSI rose 491 pts or 2.0% to 24,740. HSTI rose 79 pts or 1.7% to 4,735. HSCEI gained 167 pts or 2.0% to 8,384.

Active Heavyweights:
BABA (09988.HK) closed at $110.3, up 2.7%
XIAOMI (01810.HK) closed at $26.38, up 2.1%
HKEX (00388.HK) closed at $381.6, up 2%
TENCENT (00700.HK) closed at $465.8, up 1.9%
MEITUAN (03690.HK) closed at $78.1, unchanged

HSI & HSCEI Constituents on Move:
CHOW TAI FOOK (01929.HK) closed at $13.05, up 17.4%
CMOC (03993.HK) closed at $18.81, up 12.2%
LAOPU GOLD (06181.HK) closed at $480, up 8.3%
ZIJIN MINING (02899.HK) closed at $31.44, up 8%
CHINA LIFE (02628.HK) closed at $30.2, up 6.9%
SINO BIOPHARM (01177.HK) closed at $4.74, up 6.3%
CHALCO (02600.HK) closed at $10.42, up 5.8%
AKESO (09926.HK) closed at $92.85, up 5.8%
BEKE-W (02423.HK) closed at $44.1, up 5%
NONGFU SPRING (09633.HK) closed at $44.36, up 4.4%
SHENZHOU INTL (02313.HK) closed at $44.88, up 4.3%
INNOVENT BIO (01801.HK) closed at $76, up 4.2%
TECHTRONIC IND (00669.HK) closed at $119.8, up 3.8%
SINOPEC CORP (00386.HK) closed at $4.25, up 3.4%
LI AUTO (02015.HK) closed at $54.95, up 3.4%
PICC P&C (02328.HK) closed at $15.6, up 3.4%
NEW ORIENTAL (09901.HK) closed at $36.66, up 3.3%
BANKCOMM (03328.HK) closed at $7.66, up 2.4%, hitting new high
BANK OF CHINA (03988.HK) closed at $5.49, up 2.2%, hitting new high

HSMI & HSSI Constituents on Move:
MININGLAMP-W (02718.HK) closed at $242.6, up 20%
SYNAGISTICS (02562.HK) closed at $2.14, up 11.5%
SEYOND (02665.HK) closed at $3.05, down 11.1%
JF SMARTINVEST (09636.HK) closed at $28.28, up 10.6%
HASHKEY HLDGS (03887.HK) closed at $3.05, up 10.5%
RADIANCE HLDGS (09993.HK) closed at $1.3, up 10.2%
CHERVON (02285.HK) closed at $16.49, up 10.1%
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HIBOR
Tenor | Latest rate | Change (vs. last trading day)
Overnight | 2.14691% | +12.977 bps
1-Week | 2.19143% | +10.524 bps
1-Month | 2.7% | +3.792 bps
3-Month | 2.83387% | +1.232 bps
6-Month | 2.96018% | -0.333 bps
12-Month | 3.22988% | +0.143 bps

Source: HKAB As of: 2026-06-12 11:15
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HK TECH VENTURE (01137.HK) announced its latest operating data. Excluding the sales of HKTVmall cash vouchers, monthly GMV on Order Intake reached HK$827 million in May 2026, representing a month-on-month increase of 27%, and a year-on-year increase of 21.1%.

During May 2026, the Group conducted the 15% Discount Campaign for a total of 10 days (including pilot runs in May 2026) across various weekends and public holidays. The campaign drove an exceptional performance on GMV on Order Intake, a record number of unique customers, and elevated user traffic.
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LANCANG TEA (06911.HK) announced that the Company has recently been notified by Yunnan Lancang Rural Commercial Bank that, the local governments of Yunnan Province intend to integrate each rural credit cooperative legal entities in Yunnan Province to establish Yunnan Rural Commercial Bank through consolidation, the original shares of Lancang Rural Commercial Bank are therefore subject to disposal. The methods of disposal include conversion, transfer, share repurchase, and cancellation.

So far, the Company holds 3.9149% of the shares of Lancang Rural Commercial Bank. Pursuant to applicable regulatory requirements and the information provided by Lancang Rural Commercial Bank, the Company does not satisfy the qualifications to become a founding shareholder of Yunnan Rural Commercial Bank, and therefore, conversion of the Target Shares into shares of Yunnan Rural Commercial Bank is not permitted. The Company is currently evaluating feasible options, including transfer, share repurchase, and cancellation, and intends to select one of these methods to dispose of the Target Shares it holds.
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WL DELICIOUS (09985.HK) announced that it plans to exercise the Buy-back Mandate and intends to use up to HK$200 million to buy back Shares of the Company on the open market with its own funds.

The Buy-back Plan will be valid for a period of six months. The buyback price will not be higher by 5% or more than the average closing price of the Shares for the five trading days immediately preceding the date of the actual buy-back.
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US equities jumped up nearly 2% or more across the three major indices overnight (11th) after the US cancelled a planned attack on Iran, with the DJIA reclaiming the 50,000 level. Asia-Pacific markets followed higher this morning (12th). The HSI opened at 24,501, up 252 points or 1.04%. The HSCEI opened at 8,278, up 60 points or 0.74%. The HSTECH opened at 4,713, up 57 points or 1.24%.

Chip makers tracked upswing in external markets. SMIC (00981.HK) opened 3.07% higher; HUA HONG GRACE (01347.HK) leaped 4.59%; MONTAGE TECH (06809.HK) rallied 6.08%; GIGADEVICE (03986.HK) climbed 4.95%; XL2CSOPHYNIX (07709.HK) rebounded 14.95%; XL2CSOPSMSN (07747.HK) advanced 14.99%.

Among leading internet names, TENCENT (00700.HK) opened 1.92% higher; BABA-W (09988.HK) ticked up 1.49%; KUAISHOU-W (01024.HK) opened up 1.14%.

Among blue chips, CHOW TAI FOOK (01929.HK) logged a 52.2% growth in profit for the last financial year, with its shares opening 5.22% higher, while LAOPU GOLD (06181.HK) also opened up 7.8%. LENOVO GROUP (00992.HK) shot up 3.67%. SUNNY OPTICAL (02382.HK) gained 2.82%. Amid easing tensions in the Middle East, PETROCHINA (00857.HK) opened down more than 1%.
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CHOW TAI FOOK (01929.HK)'s full-year net profit ascended 52.2% YoY to HKD9 billion, with the final dividend increased to HKD45 cents. Managing Director Kent Wong said performance in 1Q27 was better than expected and expressed confidence that the momentum will continue into 2Q27.

CHOW TAI FOOK opened 5.22% higher today at HKD11.7. Pre-market negotiated transactions amounted to 1.4134 million shares, involving HKD16.5368 million.
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