This year's largest Global IPO! Report: Contemporary Amperex Technology will be listed at the upper limit of the issue price at 263 Hong Kong dollars, with Institutions having oversubscribed by 30 times.
As of May 14, Contemporary Amperex Technology has received orders from Institutions exceeding 50 billion USD, equivalent to approximately 390.2 billion HKD. Excluding the cornerstone subscription part, it has already been oversubscribed by 30 times. It is estimated that the fundraising amount for Contemporary Amperex Technology's listing in Hong Kong is expected to expand to 41 billion HKD (5.26 billion USD), making it the largest IPO in Hong Kong since Kuaishou's listing in 2021.
Dollar Rises, Yuan Strengthens as U.S.-China Reach Trade Deal
China's Consumer Prices Fall for Third Month; PPI Fall the Most in 6 Months
By comparing Apple, Tesla, and BYD, Morgan Stanley explained the logic behind Xiaomi's valuation potentially doubling within five years.
Morgan Stanley believes that, referencing the historical data of Tesla and BYD, as Xiaomi's electric vehicle sales explode over the next two years (with a CAGR of over 100%), the company's electric vehicle Business P/S is also expected to expand rapidly, reaching 2-3 times by 2026. Furthermore, with the model of "Smart Phone + AIoT + Internet services", Xiaomi is expected to replicate Apple's success, with Morgan Stanley predicting that this Business will reach a PE of 20-25 times by 2025.
China's Exports Jump 8% in April Despite Tariff Tensions
Asia Markets Rise on Global Trade Optimism; U.S. Futures Jump as Trump Hints at Major Trade Deal
Tesla's sales in China decreased by 6% in April compared to the previous year, Stunk continues.
According to data from the China Passenger Vehicle Association (CPCA), U.S. electric vehicle (EV) giant Tesla saw a decrease in passengers carried in China in April as well. The intensified competition with local manufacturers has had an impact. Tesla's sales in China for April were 0.05 million 8459 units, a decrease of 6.0% compared to the same month last year. This represents a 26% decrease from the previous month. Both year-on-year and month-on-month figures have been negative for four consecutive months. While Tesla's market share in China is declining, overall automobile demand is being supported by the government's vehicle replacement assistance program, maintaining a strong level.
Asia Markets Mostly Rise on US-China Trade Talk Optimism; India Dips Amid India-Pak Tensions
Tesla Sales Drop by Double-digits in UK and Germany
China Service Growth Hits 7-month Low as Trade Disruptions Weighs on New Business Orders
More than 60% of A-share vehicle companies achieved growth in net income in the first quarter, with policy dividends and technological breakthroughs being the driving forces for this growth.
① Among the 16 A-share listed automobile companies, 10 companies achieved year-on-year growth in net income attributable to the parent company in the first quarter of 2025, accounting for 62.5%. ② BYD led with a growth rate of 100.38%, SAIC Group's net income increased by 11.40% year-on-year, and Chongqing Changan Automobile's net income attributable to the parent company surged by 601.31% year-on-year.
Jiangsu Hengrui Pharmaceuticals has passed the hearing from the Hong Kong Stock Exchange, and the "A+H" layout is about to be implemented.
On the evening of May 5th, the Hong Kong Stock Exchange's official website disclosed Jiangsu Hengrui Pharmaceuticals' prospectus after the hearing, marking that this leading Innovative Drugs company in China has officially passed the Hong Kong stock listing hearing.
Asia Stocks Gain on China's Potential U.S. Trade Talks, U.S. Futures Edge Lower to Start the Week
Asia Markets Surge on China's U.S. Trade Talk Signals; U.S. Futures Steady After Apple, Amazon Earnings
Asia-Pacific Markets Rise in Thin Holiday Trade After BOJ Stands Pat, U.S Futures Rise Amid Robust Earnings From Two Major Tech Giants
The listing Business is flourishing, and the HKEX achieved a record profit in the first quarter.
In the first quarter of 2025, the Hong Kong Stock Exchange's Net income reached 4.08 billion HKD, a staggering 37% year-on-year growth, setting a historical quarterly record. The AI boom, the return of Chinese concept stocks, and Trump’s policies have led to drastic market fluctuations, collectively driving up Trade volume and settlement income.
May's Must-See Financial Events: Apple & Nvidia Earnings, Berkshire Meeting, Interest Rate Decision, and More
Asia-Pacific Markets Muted as Investors Digest Series of Key Economic Data in the Region
Foxconn Industrial Internet: Q1 revenue increased significantly by 35% to 160.4 billion, AI Server Business grew strongly, but Cash flow deteriorated significantly.
Foxconn Industrial Internet's Q1 revenue soared 35% to 160.4 billion yuan, with rapid growth in the AI Server Business. Cash flow indicates potential supply chain pressure. Key points overview of performance: In the first quarter of 2025, Foxconn Industrial Internet's revenue reached 160.415 billion yuan, a year-on-year increase of 35.16%; Net income was 5.231 billion yuan, a year-on-year increase of 24.99%; EPS was 0.26 yuan, a year-on-year increase of 23.81%. The Cloud Computing Sector surged: Cloud Computing Business grew over 50% year-on-year, with both AI servers and general servers increasing by over 50%, and revenue growth from cloud service provider customers exceeding 60%. Cash flow significantly weakened: Operation activity.
CM BANK: In the first quarter of 2025, performance was steady, profit slightly decreased, and Asset quality remained stable.
CM BANK's performance in the first quarter of 2025 is stable: profits slightly decreased while asset quality remains stable. Key financial points: Profit performance: Achieved operational results in the first quarter...