AGP Executive Report
Last update: 10 hours agoMainland-HK Markets Link: MiniMax shares jumped up to 22.8% after being added to the Hong Kong Stock Connect programme, lifting its market value back above HK$100 billion. Insurance Tax Shock: Prudential and HSBC slid sharply in London after reports said China is taxing returns from some offshore insurance policies, with the fallout spilling into Hong Kong insurer stocks. Equities Volatility: Asian markets stayed mixed as tech weakness hit sentiment again; South Korea’s Kospi sank over 4% after SK Hynix and Samsung tumbled, while Hong Kong also saw selling. Cross-border Payments: Guangdong proposed expanding cross-border e-CNY pilots and other fintech trials in its free trade zone plan, with public consultation running until Sept. 5. Hong Kong Enforcement: Customs seized about 8.12 million suspected illicit cigarettes in two major sea smuggling cases, arresting multiple suspects. Healthcare Infrastructure: The Secretary for Health visited the soon-to-open Kai Tak Hospital to review facilities and first-phase service arrangements. Aviation & Logistics: Cathay Cargo reported strong H1 momentum, while Incheon pushed further into MRO via a new passenger-to-freighter conversion centre.
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