Norman Tong: There is no good, medium or bad strategy, only bad and worse strategies

Norman Tong's column uses a discussion among cha chaan teng customers about 'cutting corners' in terms of good, medium and bad strategies as an opening, pointing out that in fact there are no good, medium or bad strategies, only bad and worse strategies. The customer's proposed good strategy is to negotiate with the buyer and compensate the other party, the medium strategy is to demolish and rebuild, and the bad strategy is to never compromise and take the matter to court.

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曾淵滄：擎海銷售佳 越秀地產反彈料未完

曾淵滄指擎海銷售佳、越秀地產反彈料未完，並建議炒期指緊守自己定下的移動平均線規則。恒指於今年7月底完成V形反彈後連續兩個多月反覆向下，19天線一直向下移，2天線向上突破19天線的機率增加，進場機會上升。若2天線回跌至19天線之下，不該猶豫，應馬上沽出。

Stephen Hui: Is Pansy Ho or the Old Lady Lau the Real Richest Woman in Hong Kong?

The Hong Kong Real Estate Developers Association was established in 1965 by major Hong Kong property developers and is the most influential industry organisation of property developers, directly expressing the industry's stance to the government on land, housing, planning and tax policies. The association's current president is Keith Kerr, former CEO and chairman of Swire Properties (1972), while the chairman of its executive committee is Vincent Chan, chairman of Wheelock Properties (Hong Kong), who is the key figure representing the association in external interviews.

Lau Sze-ming: Financials and tech stocks support Hang Seng Index, selling pressure on hard tech continues

The Hang Seng Index edged up with support from financial and internet technology stocks, but the broader market remained soft and turnover fell, while selling pressure on hard tech stocks has yet to ease. Whether the downward adjustment trend since August can be reversed remains to be confirmed.

Sik Wai-kit: Sodium batteries hit the road, adopted by electric vehicle energy storage systems

Sik Wai-kit pointed out that 2026 is widely referred to in the energy and battery academic community, authoritative media and other quarters as the "first year of sodium battery mass production" and the "year marking the opening of the sodium battery era", which is of major milestone significance for the development of sodium batteries.

Ng Lai-yin: WuXi AppTec worth watching on pullback

WuXi AppTec (2359) first-half revenue rose 38.9% year on year, while net profit attributable to shareholders rose 33.7% year on year. Gross margin rose 9.4 percentage points year on year to 53.2%, mainly due to continuous optimisation of production processes and capacity efficiency improvements driven by growth in late-stage clinical and commercialisation projects.

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創興銀行12個月美元定存年利率4.1厘

創興銀行客戶經網上或手機銀行，以1000美元或以上開立12個月美元定存，可享4.1厘年利率。門檻為1000美元起、存期12個月，需經網上／手機銀行辦理。

大象銀行港元定存年息3.45厘

大象銀行客戶經手機應用程式以1000元或以上敍做12個月港元定存，可享3.45厘年利率。

Cheung Siu-chung: Hong Kong stocks show signs of stabilising, can buy in tranches

Cheung Siu-chung said Hong Kong stocks show signs of stabilising and can be bought in tranches. The Hang Seng Index rose 59 points yesterday to close at 24,271 points, with turnover of $162.6 billion, advancing on the support of banking stocks, while the Japanese and Taiwanese stock markets edged down and the South Korean market fell sharply. He noted that the market narrative recently has been leaning towards being bullish on Hong Kong stocks, and there have been some signs of warmth in policy.

IMF: AI a 'slow tsunami' hitting jobs; AI investment supports global economic growth of 3%, Asia benefits greatly

IMF Managing Director Kristalina Georgieva said strong investment in AI infrastructure is keeping global economic growth at around 3%, bringing huge benefits to Asian economies that supply hardware, while heralding a 'slow-moving tsunami' that could hit jobs, taxation and education. US stock indices traded in narrow ranges early in the session. Mainland memory chip maker ChangXin Memory Technologies is set to launch a new generation of DRAM architecture, while Micron Technology (US: MU) fell 4% early in the session.

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DHL香港空運貿易領先指數今季微跌至40.6

「DHL香港空運貿易領先指數」最新調查顯示，今年第四季整體空運貿易指數按季微跌1.1至40.6，仍是過去兩年來第二高水平。調查指受進口及亞太區和歐洲市場向好帶動，空運用家普遍預期旺季貨量保持穩定。

迅清結算推出CMU與瑞士SIX直接聯網下的股票資產服務

Hong Kong Monetary Authority subsidiary CMU Hong Kong Limited has officially launched equity asset services under the direct linkage between the Central Moneymarkets Unit (CMU) and the Swiss National Central Securities Depository (SIX). For details, see news.mingpao.com.

HSBC strengthens performance-based pay for senior executives

HSBC (0005) will implement a new remuneration structure from 2028, progressively phasing out fixed pay allowances for senior staff and increasing the proportion of performance bonuses to link pay more closely with results. A HSBC spokesperson said the plan strengthens pay-for-performance and differentiated incentives, helping to attract top talent and recognise outstanding performers.

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雅居樂清盤呈請聆訊延期至12月7日 股價曾升15.7%後收跌4.71%

高等法院法官批准把新濠（中山）企業管理對雅居樂（3383）的清盤呈請聆訊延期至2026年12月7日。雅居樂稱有信心在11月16日前與初始參與債權人簽訂重組支持協議（RSA），該股昨曾急升近15.7%，午後倒跌，收市跌4.71%，報0.182元。

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富衛1.6億向李澤楷購保特保險25%

富衛（1828）公布上周六訂立協議，以2070萬美元（約1.62億港元）向大股東李澤楷購入保特保險（香港）25%股權。保特保險（香港）經營一般保險業務，2020年從富衛分拆。以當年全部股份作價7680萬美元計算，富衛今次以7.81%溢價購回25%股份。

Link REIT's Anderson Road Ling Tat shopping mall 83% leased, opens today; first self-built mall, may continue to seek opportunities in future

Link REIT's Ling Tat shopping mall, self-built in the Anderson Road New Development Area with an investment of $1.6 billion, opens today (13th), with a current leasing rate of about 83%. The mall has a gross floor area of 139,000 square feet, with retail and market each accounting for about 64,000 and 16,000 square feet respectively, and will serve a population of 30,000 in the Anderson Road community. Lo Yan-kei, Head of Hong Kong Asset Management at Link REIT, said the group will look for opportunities to build its own shopping malls in future as needed.

Hong Kong Exchanges and Clearing plans to launch redesigned renminbi-denominated gold futures

Hong Kong Exchanges and Clearing plans to launch redesigned renminbi-denominated gold futures and develop more renminbi-denominated precious metals products, expanding the role of the renminbi in commodity trading and risk management. Chief Executive Bonnie Chan disclosed in a blog post that the exchange will explore better connections between Hong Kong's commodity market and other markets in the Greater Bay Area, and expand the fixed income, currency and commodity ecosystem to advance the internationalisation of the renminbi.

HSBC raises cash rebate on large mortgages to 1.5%

HSBC has again raised the cash rebate ratio for large mortgages, with the rebate on loans of $6 million or more raised to 1.45%, and loans of $14 million or more increased to 1.5%. The increase does not distinguish between fixed-rate and HIBOR-linked mortgages, with both types eligible for the higher rebate. At the end of last month, HSBC had cut the cash rebate on fixed-rate mortgages to 1.25%, while keeping that for HIBOR-linked mortgages at 1.3%.

Securities and Futures Commission consultation conclusions strengthen crackdown on new listing misconduct, amendments expected to take effect in first quarter of 2027

The Securities and Futures Commission has published consultation conclusions, strengthening targeted tools under the Securities and Futures (Stock Market Listing) Rules to combat misconduct related to initial public offerings and other corporate misconduct. Subject to the progress of the legislative process, the relevant amendments are expected to take effect in the first quarter of 2027.

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東山精密最多籌234億 今年第三大

東山精密（深：002384）已開始評估投資者意向，目標集資約20億至30億美元（約156億至234億港元）。若以最高集資額計，將成為今年集資額第三大新股，排在集資251億元的立訊精密（2475）之後。消息由彭博社引述知情人士報道。

HSBC and mainland banks prop up Hang Seng Index, which holds firm and outperforms Asian stocks

The Hang Seng Index held firm yesterday thanks to financial stocks such as HSBC and mainland banks, with Hong Kong stocks once again outperforming Asian markets. Chinese memory chip maker ChangXin Memory Technologies announced a technological breakthrough, sending shares of South Korea's memory chip leaders sharply lower, while local AI concept hardware stocks fell in tandem, with CICT down more than 10 per cent. The Tech Index slipped 28 points, or 0.67 per cent, against the trend.

專訪HOKA創辦人Nico Mermoud 一起飛越大地

HOKA創辦人之一Nico Mermoud訪港，出席品牌全港最大專門店開幕並接受專訪。HOKA由他與Jean-Luc Diard於2009年在法國創立，專門店設於K11 MUSEA 331及331A號舖。他透露現時最愛公路跑鞋Mach 7，越野跑鞋則選Tecton X 4或Rocket X Trail。

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香港電子產品展將展出逾120款機器人 內地廠商擴大AI商用

超過120款機器人將於灣仔香港會議展覽中心舉行的兩大電子展亮相，包括用於工廠生產及長者護理的人形機器人。香港秋季電子產品展及electronicAsia周二開幕，匯聚來自15個國家和地區的3,200多家展商。內地製造商冀藉此擴大人工智能的商用範圍並開拓海外市場。

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BEACON PEAK本月開齋 3房2650萬沽呎售2.75萬

世茂旗下九龍半山延坪道現樓BEACON PEAK售出第5座15樓C室，實用面積961方呎3房戶，成交價2650.6萬元、實呎27,582元。該成交屬項目10月首宗成交，屬較冷門市區新盤當月首宗交易。

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維港‧灣畔連售兩伙涉2547萬 兩房呎售逾2.7萬

中海外牽頭發展的啟德跑道區現樓維港‧灣畔今日連售兩伙，涉資逾2547萬元。當中第1C座3樓B室實用面積489方呎的兩房連儲物房以1347.2萬元成交，實呎27,550元。

Hong Kong Exchanges and Clearing chief executive: Hong Kong to expand indices, derivatives and renminbi-denominated products

Hong Kong Exchanges and Clearing (HKEX) chief executive set out plans in a blog on Monday to expand indices, derivatives and renminbi-denominated products, including renminbi gold futures and renminbi stock trading. The measures aim to boost market liquidity, attract more international investors and expand the use of the renminbi. The move aligns with the key directions set out in the Policy Address and Hong Kong's five-year plan.

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首岸2期開展銷售 代理消息指暫售約20伙

恒地（0012）及市建局等合作發展的紅磡庇利街首岸第2期今日以先到先得形式發售，尖沙嘴美麗華廣場售樓處現場消息指暫售約20伙。首張價單整批80伙折實均呎21,426元，較6月推出的第4期首批60伙折實均呎21,301元稍高，樓花期約10個月。

Star Valley Chong Kam-fai: Some major banks have raised mortgage cash rebates to 1.5% to compete for next year's market share

Some large local banks have recently adjusted their mortgage offers, raising cash rebates to a maximum of 1.5%. Star Valley Mortgage Intermediary chief executive Chong Kam-fai said the attached condition is that the mortgage loan must be drawn down next year, reflecting that major banks are laying out their plans early to compete for next year's mortgage market share.

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海日灣4房2233萬沽 呎價1.48萬

億京旗下大埔白石角現樓項目海日灣售出Court D第2座6樓D室，實用面積1504方呎4房，成交價2233.7萬元、實呎14,852元，成交期105日。今日新盤市場暫以餘貨成交為主。

Africa's top mobile phone maker Transsion Holdings Hong Kong IPO meets lukewarm response

The Hong Kong public offering of Shenzhen-based Transsion Holdings, sized at HK$336 million (US$428 million), has met a lukewarm response, with preliminary data showing only about 14,000 applications and oversubscription of about 3.5 times, as bookbuilding closed on Monday. Concerns about the sentiment for new listings in the fourth quarter have therefore risen.

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專才客2.7萬租Kennedy 38一房 呎租逾92元

內地專才以HK$2.7萬元租入西環堅尼地城半新盤Kennedy 38高層M室，實用面積293方呎一房戶，望部分海景，實用呎租逾92元。中原副分區營業經理趙俊傑表示，新租客為專才。業主2024年以935萬元一手購入單位，享約3.5厘租金回報。

新地西貢西沙SIERRA SEA第2C(2)期加推53伙，周六首輪價單發售142伙

新地(0016)西貢西沙SIERRA SEA第2C(2)期今日加推第3號價單，涉及53伙，兩房折實售價約543.91萬元起。發展商同步上載首份銷售安排，敲定本周六(17日)進行首輪價單發售142伙，另於本周五(16日)以招標形式推售56伙。

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西邊街15號開放式戶560萬沽 8個月炒貴約6%

西營盤西邊街15號中層C室一個212方呎開放式單位以560萬元易手，實呎約26,415元。原業主今年初以528萬元購入，持貨約8個月，帳面獲利32萬元或約6%。新買家在中環上班，由租轉買，購入單位自用。

Former HSBC executive launches AI agent-driven wealth management platform Equora

Trista Sun, former General Manager of HSBC International Wealth and Premier Banking, has launched AI wealth management startup Equora, targeting a valuation of US$1 billion. She said in an interview last week that the platform uses a team of AI agents to help investors manage their investments and finances "proactively".

Hang Seng Index closes up 59 points, mainland bank stocks perform well

The Hang Seng Index closed at 24,271 points, up 59 points, with full-day main board turnover exceeding $162.6 billion. The financial sub-index rose more than 1%, mainland bank stocks performed well, China Merchants Bank rose more than 3%, China Construction Bank and Bank of China rose nearly 2% or more; the property sub-index fell about 1%. The tech index fell nearly 0.7% to 4,169 points, Xiaomi fell more than 5%; Laopu Gold plunged nearly 8%, making it the worst-performing Hang Seng constituent.

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珀麗灣海景1房租1.45萬 呎租38元

馬灣珀麗灣1期第17座一伙378方呎海景1房以HK$1.45萬元租出，實用呎租逾38元。業主原以HK$1.48萬元放盤，經議價減HK$300元或2%成交。業主2010年以約247萬元購入，租金回報約7厘。

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景福2.7億租太古廣場舖位6年 將設VIP休息區

景福集團公布以基本租金2.685億元租用金鐘太古廣場2期商場3樓舖位，佔地約5920方呎，租期72個月即約6年，折合平均每月基本租金372.9萬元、平均呎租約630元。租戶另需支付按營業額6.75%至6.9%的分成租金，業主將提供開業前最長6個月免租期。

HKEX and S&P Dow Jones Indices launch S&P 500 HKEX Technology 100 Index

HKEX and S&P Dow Jones Indices have jointly launched the S&P 500 HKEX Technology 100 Index, which was launched on 30 September 2026, with approximately 60% allocated to the HKEX Technology 100 Index and 40% to the S&P 500 Index, with weights adjusted quarterly. The index aims to support future tracking ETFs in qualifying for inclusion in Stock Connect trading, providing investment exposure to the US and Hong Kong stock markets through a single benchmark.

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海之戀海景兩房租2.9萬 料創荃灣兩房新高月租

荃灣海之戀一個兩房單位以月租2.9萬元租出，創區內兩房單位租金新高。單位為第10座高層B室，實用面積512方呎、向南望海景，實用呎租約57元。較同屋苑之前約2.8萬元的兩房成交再高約1000元或3.5%，業主2017年以約895萬元一手購入，租金回報率約3.9厘。

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天璽．天低層兩房租2.13萬 業主回報3.8厘

中原分行經理施蒂文表示，啟德新晉指標屋苑天璽‧天第3座低層B3室以月租2.13萬元租出，實用呎租約71元。該單位實用面積301方呎、1房間隔，向北望市景。業主2024年10月以約664萬元一手購入，持貨2年，享3.8厘租金回報。