Gary zhou

Microsoft shares reached their highest closing level in nearly a year, taking the company's market value back above US$4 trillion. Strong demand for Azure and Copilot is being weighed against rising capital expenditure and falling free cash flow, leaving the returns on its AI investment under scrutiny.

Oct 14, 2026

The Securities and Futures Commission has issued restriction notices to 35 brokerages involving two groups suspected of manipulating subscriptions for three new listings. The asset restrictions total up to HK$4.664 billion, while ChaBaiDao has also been ordered to suspend trading.

Oct 14, 2026

An Illinois resident has sued McDonald's in the United States, alleging that it used an AI pricing system to share franchisee data and coordinate prices in breach of antitrust law. McDonald's denies the allegations, and the court has yet to rule on the merits of the case.

Oct 13, 2026

The SFC, AFR and HKEX said the number of listed issuers receiving a disclaimer of opinion from auditors solely because of going-concern issues had risen to 95. They warned that companies with inadequate disclosures could face regulatory or enforcement action.

Oct 13, 2026

The Hong Kong government has rejected references to Hong Kong in the European Parliament's recommendations on EU-China political relations, describing them as biased and inaccurate. No specific trade or economic measures concerning Hong Kong, or direct market impact, have been identified so far.

Oct 12, 2026

ING said freight for crude shipped from Saudi Arabia's Ras Tanura to Rotterdam rose from about US$2 a barrel last year to more than US$35 in September, while global tanker earnings exceeded US$500,000 a day in early October.

Oct 12, 2026

The Financial Times reports that Nvidia is negotiating to acquire Reflection AI or make an additional investment in the company. Reflection was valued at US$25 billion before its March fundraising, while Nvidia has previously invested about US$800 million.

Oct 12, 2026

Huawei says more than 90 million devices running HarmonyOS 6 and HarmonyOS 7 are now in use and that it is considering expanding the operating system globally. But overseas app support, data regulation and developer adaptation remain major challenges.

Oct 11, 2026

Several Hong Kong banks have launched limited-time high-interest time deposits, with annualised rates of up to 22%. But for mainland investors who first need to convert Renminbi, the spread on converting currencies into and out of foreign currency may exceed the interest earned over seven days, reducing their principal.

Oct 11, 2026

The S&P 500 has hit a record high ahead of the US midterm elections, supported by strong earnings expectations. But valuations are close to historic highs, while interest rates, oil prices and geopolitical tensions could shape the index’s performance after the vote.

Oct 10, 2026

Ecarx Technology is scheduled to list on the Hong Kong Stock Exchange’s Main Board on October 9 under its IPO plan. It plans to offer about 1.57 billion H shares and raise up to approximately HK$2.5 billion. Revenue has grown, but the company continues to make losses.

Oct 10, 2026

Financial Secretary Christopher Hui says Hong Kong’s central gold clearing and settlement system is expected to begin operations in the first quarter of 2027, with 11 banks currently taking part in its pilot run.

Oct 10, 2026

The Securities and Futures Commission said securities dealers and securities margin financiers recorded combined pre-tax net profit of HK$51.7 billion in the first half, up 21% from the previous six months, as higher trading activity and commission income were supported by lower costs.

Oct 10, 2026

The US Energy Information Administration has raised its Brent crude price forecasts for 2026 and 2027, citing constrained Middle East exports, falling inventories and a tight diesel market. Future prices will depend on shipping routes, stock levels and measures announced by the G7.

Oct 07, 2026

Chief Executive John Lee said the Buildings Department is investigating the One Stanley case in Stanley. The Government will review construction standards and seek to strengthen regulation, professional discipline and penalties for breaches through legislative amendments.

Oct 07, 2026

Constellation Energy’s plan to restart Three Mile Island Unit 1 has been delayed from 2027 to 2031, mainly because of delays to PJM transmission upgrades. The project still requires regulatory and local approvals.

Oct 07, 2026

While US long-term Treasury yields climbed to multi-year highs, Hong Kong’s IPO market raised more in the first three quarters of this year than in the whole of last year. Whether the secondary market can sustain its gains will depend on fresh capital inflows and the interest-rate environment.

Oct 06, 2026

The Buildings Department is investigating a villa at One Stanley in Stanley after finding that the reinforcement and wire mesh arrangement in parts of the floor slabs and a beam differed from the approved plans. It said there was no apparent danger to the overall structure.

Oct 05, 2026

Berkshire Hathaway bought more shares in homebuilder Lennar on every trading day from September 17 to 30, spending about US$400 million in total and raising its stake to roughly 26.59 million shares, worth about US$2.1 billion.

Oct 05, 2026

US AI start-up Reflection AI is reportedly preparing to launch its first open-weight model and has secured more than US$7 billion in computing capacity through arrangements with SpaceX and Nebius. Its business model, however, still faces tests over costs and market demand.

Oct 05, 2026

Chinese large language models recorded higher weekly usage than US models on OpenRouter for the 23rd consecutive week, although usage fell week on week. The anonymous Space Bunny model ranked first overall, while its developer remains officially unconfirmed.

Oct 05, 2026

The Heilongjiang, Shenzhen, Liaoning and Sichuan offices of the China Securities Regulatory Commission have taken action against six third-party securities investment advisory firms, with three suspended from accepting new clients for three months.

Oct 04, 2026

David Robinson, a senior member of OpenAI's Safety Systems team, has left the company, becoming the second senior safety executive to depart in three months and prompting renewed scrutiny of its safety governance and staffing arrangements.

Oct 04, 2026

Hong Kong stocks fell sharply when trading resumed on October 2, with innovative drug shares recording steeper losses. Investors attributed the pressure to the suspension of southbound trading and rising US Treasury yields, while focusing on the return of mainland capital and data from the ESMO congress.

Oct 04, 2026

The G7 has agreed to release up to 100 million barrels of oil and diesel reserves over four months under International Energy Agency coordination, with large volumes of diesel to be released within the first 20 days in response to tight supplies.

Oct 04, 2026

Humanoid robot prices continue to fall, with some models now priced below RMB10,000. Industrial robots, meanwhile, are becoming more expensive as higher raw material and chip costs put pressure on manufacturers, while investment is gradually shifting towards core components.

Oct 03, 2026

At least nine Chinese brokerages have announced capital injections into overseas subsidiaries this year, with planned amounts totalling more than 500 billion yuan. As overseas revenue growth varies, investors will need to watch actual capital injections and profit performance.

Oct 02, 2026

OpenAI has unveiled Dots, an AI agent powered by GPT-6 Astra, along with the US$500 Pro 500 plan, offering higher usage limits and faster speeds.

Sep 30, 2026

The US and China have published product lists linked to a proposed tariff arrangement, but duties remain unchanged as officials negotiate a reciprocal framework.

Sep 30, 2026