Search results for Hong Kong Stock Exchange
Finance
Financial regulators weigh single-stock leverage ETFs ahead of presidential briefing
South Korea\'s financial authorities are accelerating work on measures for single-stock leveraged exchange-traded funds ahead of a presidential briefing on July 15, but are struggling to find a clear solution. The Financial Services Commission, Financial Supervisory Service and Bank of Korea held a working-level meeting to discuss market impact and possible fixes. Market participants expect details after upcoming policy meetings. Strong steps such as delisting are seen as impractical.
Industry
China memory module maker Longsys forecasts up to 744-fold jump in H1 net profit on AI memory tailwinds
Chinese memory module maker Longsys forecasts first-half net profit attributable to shareholders of 9.2 billion to 11.0 billion yuan, up about 622 to 744 times from a year earlier. It also expects revenue to rise to 22.0 billion to 25.0 billion yuan from 10.2 billion yuan. The company cited a recovery in memory demand and limited supply expansion, and said it renewed long-term supply deals to stabilise its supply chain.
AI & Enterprise
Razer CEO says AI IPO supercycle is just beginning
Min-Liang Tan, co-founder and CEO of Singapore gaming hardware company Razer, said a surge of AI company IPOs is only at an early stage. He said more waves of new listings are likely beyond OpenAI, Anthropic and SpaceX. SpaceX is set for an IPO on June 12 and is targeting a valuation of about $1.77 trillion. Razer delisted in 2022 to focus on long-term AI investment.
