Investors should shift focus to AI-driven sectors with more rising stars, under-covered companies and pair-trading opportunities. - South China Morning Post, SCMP, HK Business Briefing - Investors should shift focus to AI-driven sectors with more rising stars, under-covered companies and pair-trading opportunities.
HONG KONG BUSINESS BRIEFING
Friday 12th December, 2025
Hong Kong economy
Sectors with relatively high profitability include semiconductor equipment, printed circuit boards, optical modules, and outsourced semiconductor assembly and testing, according to BofA Securities. Photo: Shutterstock
China Business
Look beyond AI ‘titans’ for growth stocks, BofA Securities says
12 Dec, 2025 - 07:30 am

Investors should shift focus to AI-driven sectors with more rising stars, under-covered companies and pair-trading opportunities.
Alinta owns a portfolio of power-generation assets and a gas and electricity retail business throughout Australia. Photo: Handout
Business
Chow Tai Fook sells Australian energy assets for US$4.3 billion
12 Dec, 2025 - 12:32 am

Sembcorp Industries to acquire 100 per cent ownership of Alinta Energy, which Chow Tai Fook acquired in 2017.
Aura projects applications directly into the user’s sightline, enabling interaction via hand gestures and granting access to Google Play apps. Photo: Handout
Tech Trends
China’s Xreal to power Google’s Android AI glasses as smart eyewear demand grows
11 Dec, 2025 - 09:00 pm

Project Aura, which features dual-chip design and optical see-through lenses, is a fresh example of China’s expanding R&D capabilities.
UBS forecast that the city’s benchmark Hang Seng Index could climb to 30,000 points next year. Photo: Shutterstock
Banking & Finance
Hong Kong to keep IPO crown in 2026 on mega deals and return of US capital: UBS
11 Dec, 2025 - 08:00 pm

A pipeline of mega listings, returning US investors and looser global monetary policy will help Hong Kong extend its IPO rebound next year.
Sheikh Mana bin Khalifa Al Maktoum (third from left) and Adrian Cheng (centre), pictured at a signing ceremony on Wednesday in Dubai. Photo: Handout
Companies
Hong Kong scion Adrian Cheng forms retail venture with Dubai group
11 Dec, 2025 - 07:40 pm

Joint venture will connect ‘the consumers and rich cultural industries of the Middle East and Chinese-speaking markets’ at Dubai’s Wafi City.
The logo of Meta Platforms is seen outside its headquarters in Menlo Park, California. Photo: TNS
Big Tech
AI race: Meta reportedly uses Alibaba’s Qwen for its ‘Avocado’ model
11 Dec, 2025 - 07:00 pm

Reported move to reinvigorate Meta’s faltering AI effort with new ‘Avocado’ model is another likely win for Chinese AI.
Singapore-based Ant International and HSBC connected Ant’s blockchain infrastructure to Swift’s network, allowing real-time cross-border treasury management. Photo: Shutterstock
Banking & Finance
Swift tests blockchain with Ant International and HSBC in cross-border trial
11 Dec, 2025 - 07:07 pm

By using the ISO 20022 messaging standard, the partners say they can make tokenised deposits interoperable with legacy systems.
Standard Chartered slashes expectations that bitcoin would hit US$200,000 by the end of 2025, lowering its forecast to US$100,000. Photo: Shutterstock
Blockchain
Bitcoin drops below US$90,000 as AI worries sour risk appetite
11 Dec, 2025 - 04:03 pm

The fall signals renewed market jitters after the historic crypto crash in October.
Jingdong Industrials has been operating as a stand-alone business unit of JD Group since 2017. Photo: Reuters
Companies
Faltering debut for Jingdong Industrials as US$383 million Hong Kong IPO dips 2.6%
11 Dec, 2025 - 01:29 pm

JD.com’s business-to-business unit tested investor appetite for Chinese supply-chain technology stocks.
The Hang Seng Index edges down less than 0.1 per cent on Thursday. Photo: Jelly Tse
China Business
Hong Kong stocks end flat as traders await policy signals from China conference
11 Dec, 2025 - 06:05 pm

Investors look to CEWC for growth target, property sector stabilisation and measures to boost domestic demand.
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