Lung Fung Group(02290.HK), which will be listed on 5 June, opened up 6.2% to $5.5 on gray market. Peaking/ bottoming at $6.3/4.15, it closed at $5.1, down 1.5% or $0.08 from the listing price, on volume of 13.8 million shares and turnover of $73 million, according to PhillipMart data. Excluding handling fee, the book loss was $40 per board lot size of 500 shares.

Lung Fung Group(02290.HK), which will be listed on 5 June, opened up 13.5% to $5.88 on gray market. Peaking/ bottoming at $9/4.81, it closed at $5.26, up 1.5% or $0.08 from the listing price, on volume of 10.53 million shares and turnover of $61.62 million, according to Futu data. Excluding handling fee, the book gain was $40 per board lot size of 500 shares.
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LongBio-B(01779.HK), which will be listed on 5 June, opened up 4.1% to $100 on gray market. Peaking/ bottoming at $235/100, it closed at $150.9, up 57.1% or $54.84 from the listing price, on volume of 994,450 shares and turnover of $173.82 million, according to Futu data. Excluding handling fee, the book gain was $2,742 per board lot size of 50 shares.

LongBio-B(01779.HK), which will be listed on 5 June, opened up 87.4% to $180 on gray market. Peaking/ bottoming at $240/140.6, it closed at $149.8, up 55.9% or $53.74 from the listing price, on volume of 675,000 shares and turnover of $110 million, according to PhillipMart data. Excluding handling fee, the book gain was $2,687 per board lot size of 50 shares.
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Dajin(01081.HK), which will be listed on 5 June, opened down 2.1% to $65 on gray market. Peaking/ bottoming at $66.4/61.5, it closed at $63.1, down 5% or $3.30 from the listing price, on volume of 1.49 million shares and turnover of $94.85 million, according to Futu data. Excluding handling fee, the book loss was $330 per board lot size of 100 shares.

Dajin(01081.HK), which will be listed on 5 June, opened up 0.1% to $66.45 on gray market. Peaking/ bottoming at $66.45/60.1, it closed at $63.3, down 4.7% or $3.10 from the listing price, on volume of 993,000 shares and turnover of $63.1 million, according to PhillipMart data. Excluding handling fee, the book loss was $310 per board lot size of 100 shares.
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One Victoria Cove in Hung Hom, jointly developed by HENDERSON LAND (00012.HK), HYSAN DEV (00014.HK) and Empire Group, had two units sold today (4th), cashing in more than HKD28.49 million.

The units sold were at Flat B, 17/F, Tower 1 and Flat B, 19/F, Tower 1, with a saleable area of 610 sq ft. The transaction prices were HKD13.7874 million and HKD14.7062 million, representing prices per sq ft of HKD22,602 and HKD24,109 respectively.

The project has sold 574 units in total, accounting for about 96% of the units available for sale, and cashed in approximately HKD4.9 billion. A brochure for a brand-new phase will be uploaded shortly for sale.
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AIA (01299.HK) repurchased 8.325 million shares of the company today (4th) at prices ranging from HKD76.8 to HKD81.6 per share, involving approximately HKD659 million.

Since the share repurchase mandate was approved, the Group has cumulatively bought back 54.0656 million shares, representing 0.5172% of its issued shares.
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An overseas delegation organized by the Hong Kong Association of Banks (HKAB) recently visited Thailand for a three-day trip, during which they met with local government departments and representatives of major enterprises, and hosted an exchange dinner that attracted more than 250 government officials, banking professionals and business leaders from Hong Kong and Thailand.

Wang Chunfei, Acting Chairman of the HKAB and Chief Risk Officer of BANK OF CHINA (HONG KONG), said in his speech that Thailand, as one of the major economies in ASEAN and an important regional gateway, plays a key role in promoting growth and integration in Southeast Asia.

As an international financial center, Hong Kong serves not only as a gateway to Mainland China, but also as a vital hub connecting Mainland China, ASEAN and international markets, with strong advantages in deepening regional cooperation and enhancing cross-border financial connectivity, Wang said.
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Galaxy Macau forged a three-year strategic cooperation agreement with travel platform Trip.com. Leveraging Trip.com's extensive global membership ecosystem, together with Galaxy Macau's professional expertise in venue operations and large-scale event management, the two parties will jointly introduce world-class live entertainment projects.

This collaboration marks a significant milestone in the integrated development of culture and tourism for both sides. Looking ahead, they will continue to expand diversified cooperation opportunities, bringing more forward-looking travel and entertainment experiences to the market.
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CHINA OVERSEAS (00688.HK) announced that for May 2026, the contracted property sales of the China Overseas Series of Companies amounted to approximately RMB27.291 billion, with a year-on-year increase of 14.4%, and the corresponding sales area was approximately 905,500 square meters, with a year-on-year increase of 10.5%.

From January to May 2026, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB103.002 billion, with a year-on-year increase of 13.9%, and the accumulated corresponding sales area was approximately 3.5247 million square meters, with a year-on-year decrease of 6%.
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LEAPMOTOR (09863.HK) announced that Zhu Jiangming (shareholder, chairperson of the board and chief executive officer of the Company) and Fu Liquan (shareholder of the Company) purchased 11.6219 million H shares of the Company in aggregate in the market, at an average price of approximately HK$41.99 per share, with a total amount of approximately HK$490 million.

Immediately upon the Increase in Shareholding, Zhu and Fu and the Single Largest Shareholders Group of the Company which they belong to, hold about 220 million H shares and about 129 million domestic shares of the Company in aggregate, representing 24.71% of the total issued shares of the Company.
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CATHAY PAC AIR (00293.HK) announced that Rebecca Jane Sharpe will resign as an Executive Director and the Chief Financial Officer of the Company, with effect from 1 October 2026.

Gavin John March, currently the finance director of Swire Bulk Holdings Pte. Ltd., will be appointed as an Executive Director and the Chief Financial Officer of the Company with effect from 1 October 2026, upon Sharpe’s resignation.
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The share price of CHINA RES MIXC (01209.HK) receded from its peak, consumption momentum cooled, HSBC Global Investment Research said in its report. The broker remained cautious on its valuation premium, arguing that the market expectation for sustained double-digit earnings growth over the next three years look optimistic.

Although CHINA RES MIXC’s high-end malls continue to outperform the broader market, SSSG has begun to moderate. If retail sales remain weak, the company’s forecast of double-digit core profit growth for 2026 will face greater downside risks.

The broker lowered its target price for CHINA RES MIXC from HKD48 to HKD44 and maintained a Hold rating.
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Lung Fung Group(02290.HK), which will be listed on 5 June, opened up 6.2% to $5.5 on gray market, and last printed at $4.74, down 8.5% from the listing price , on volume of 7.56 million shares and turnover of $41.7 million, according to PhillipMart data.

Lung Fung Group(02290.HK), which will be listed on 5 June, opened up 13.5% to $5.88 on gray market, and last printed at $5.18, down 0.000 from the listing price , on volume of 5.97 million shares and turnover of $37.29 million, according to Futu data.
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LongBio-B(01779.HK), which will be listed on 5 June, opened up 4.1% to $100 on gray market, and last printed at $161, up 67.6% from the listing price , on volume of 598,300 shares and turnover of $112.37 million, according to Futu data.

LongBio-B(01779.HK), which will be listed on 5 June, opened up 87.4% to $180 on gray market, and last printed at $156.6, up 63% from the listing price , on volume of 319,000 shares and turnover of $56.2 million, according to PhillipMart data.
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Dajin(01081.HK), which will be listed on 5 June, opened down 2.1% to $65 on gray market, and last printed at $63, down 5.1% from the listing price , on volume of 636,300 shares and turnover of $40.68 million, according to Futu data.

Dajin(01081.HK), which will be listed on 5 June, opened up 0.1% to $66.45 on gray market, and last printed at $63.3, down 4.7% from the listing price , on volume of 467,000 shares and turnover of $29.7 million, according to PhillipMart data.
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The HSI closed at 25,253, down 379 pts or 1.48%. Total turnover for the day amounted to HKD270.23 billion. The HSTECH closed at 4,975, down 81 pts or 1.61%. The HSCEI closed at 8,501, down 94 pts or 1.1%.

Major techs were broadly under pressure. BABA-W (09988.HK), BIDU-SW (09888.HK) and MEITUAN-W (03690.HK) sagged more than 2%. TENCENT (00700.HK) declined 1.56%. KUAISHOU-W (01024.HK) bucked the trend to lift 0.43%. XIAOMI-W (01810.HK) and NTES-S (09999.HK) slipped less than 1%.

Among blue chips, CATL (03750.HK) was the worst performer, closing at HKD723.5, down about 7%, after JP Morgan noted recent developments added pressure to the lithium sector. AIA (01299.HK) dived 6.75%. LENOVO GROUP (00992.HK) continued to retreat from recent peaks, down 4.36%. CMOC (03993.HK) slumped nearly 7%. ZIJIN MINING (02899.HK) dropped 2.69%.
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At close, HSI dropped 379 pts or 1.5% to 25,253. HSTI dropped 81 pts or 1.6% to 4,975. HSCEI fell 94 pts or 1.1% to 8,501. Market turnover reached $270.23 billion.

Active Heavyweights:
BABA (09988.HK) closed at $123.5, down 2.4%
MEITUAN (03690.HK) closed at $78.6, down 2.2%
TENCENT (00700.HK) closed at $459, down 1.6%
XIAOMI (01810.HK) closed at $28.38, down 0.7%

HSI & HSCEI Constituents on Move:
CATL (03750.HK) closed at $723.5, down 7%
CMOC (03993.HK) closed at $18.47, down 6.9%
AIA (01299.HK) closed at $76.7, down 6.7%
CHINAHONGQIAO (01378.HK) closed at $27.3, down 5.2%
LENOVO GROUP (00992.HK) closed at $25, down 4.4%
LONGFOR (00960.HK) closed at $7.69, down 3.3%
ENN ENERGY (02688.HK) closed at $51.5, down 3.2%
LI AUTO (02015.HK) closed at $57.25, down 3.1%
CITIC (00267.HK) closed at $13.82, up 1.4%, hitting new high

HSMI & HSSI Constituents on Move:
QUANTGROUP (02685.HK) closed at $23.64, up 111.3%
GOFINTECH-500 (00290.HK) closed at $3.98, down 20.7%
LUYE PHARMA (02186.HK) closed at $1.85, down 14.7%
NUOBIKAN (02635.HK) closed at $16.3, up 12.2%
CGN MINING (01164.HK) closed at $3.09, down 12%
GUOXIA TECH (02655.HK) closed at $20.86, down 11.8%
UNISOUND (09678.HK) closed at $210.2, down 10.5%
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The Chaoyang District People's Court of Beijing recently handed down a first-instance judgment in the unfair competition dispute case filed by POP MART (09992.HK) against NAYUKI (02150.HK).

The court found that Shenzhen Pindao Catering Management Co., Ltd. (literal translation of "深圳市品道餐飲管理有限公司"), a subsidiary of NAYUKI, constituted unfair competition and ordered it to compensate POP MART for economic losses of RMB300,000 and reasonable rights protection expenses of RMB20,000.

Neither party filed an appeal and the judgment has now taken effect.

In September 2025, NAYUKI purportedly launched a themed marketing campaign across its stores, WeChat official account and mini-program, naming several tea beverages "Mibubu" and using the "LABUBU" artistic image in promotional materials.

POP MART subsequently alleged that NAYUKI had, without authorization, used identical or similar marks to "LABUBU" for commercial promotion.
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XIZHI TECH-P (01879.HK) announced that the Directors do not recommend the payment of dividend for the years ended December 31, 2025.

Upon resumption of trading in the afternoon session, the stock once sank to a trough of HKD618. It last stood at HKD635, down 10.31%, with a turnover of 59,700 shares, involving HKD38.3286 million.
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The Hong Kong General Chamber of Commerce (HKGCC) held its annual general meeting yesterday (3rd) and elected its new chairman. Jacob Kam, Chairman of MTR CORPORATION (00066.HK) and former Vice Chairman of the Chamber, was elected to succeed Agnes Chan, who stepped down.

Speaking to the media, Kam expressed full confidence in Hong Kong's economic development. He noted that despite global economic challenges in recent years, the local business community has demonstrated strong resilience and adaptability. He said he was deeply honored to be elected as Chairman and pledged to work closely with members, the business sector and the government to enhance Hong Kong's business environment and global competitiveness.

Kam added that upon assuming the chairmanship, he will focus on three core priorities: further leveraging Hong Kong's role as a "super connector", promoting the alignment of the local business community with global opportunities, better serving the country's overall development strategy, and driving investment in innovation and technology.
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Hijacked by the stalemate in US-Iran negotiations and market concerns over US inflation risks, US equities retreated from high levels overnight (3rd). Hong Kong equities opened lower today (4th) in line with external markets and remained under pressure.

The HSI opened down 167 pts; with deeper downswing, it closed at 25,276 at midday, down 357 pts or 1.39%. Half-day turnover amounted to HKD143.806 billion. The HSTECH closed at 4,984 at midday, down 72 pts or 1.42%, while the HSCEI closed at 8,506, down 90 pts or 1.05%.

Major techs ebbed back. TENCENT (00700.HK) dipped 1.93%, while BABA-W (09988.HK), MEITUAN-W (03690.HK) and BIDU-SW (09888.HK) dropped more than 2%.

Among blue chips, AIA (01299.HK) charted a notable decline, down 4.07%. LENOVO GROUP (00992.HK) drifted lower by 3.52% to HKD25.22. Nonferrous metals and mining stocks were depressed. CMOC (03993.HK) slumped 5.75%, the worst performer in the morning session; CHINAHONGQIAO (01378.HK) fell off 4.65%, and ZIJIN MINING (02899.HK) lost 2.86%.

Among individual stocks, ZTE (00763.HK) closed up 4.75% at midday after announcing cooperation with TENCENT to launch the WorkBuddy AI cloud PC. CATL (03750.HK) and TIANQI LITHIUM (09696.HK) skydived 4.88% and 3.58%, respectively, after JP Morgan said recent news flow has added pressure to the lithium sector.
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