Cross-border stock trading | Several Chinese brokerages in Hong Kong restrict mainland IP clients to selling and fund withdrawals only

Since September, several Chinese brokerages in Hong Kong have required existing domestic investors logging in with mainland IPs to only sell, close positions and transfer out funds, and not to buy, open positions or transfer in funds. This involves Guotai Junan International, CSC International, Shenwan Hongyuan Securities (Hong Kong), Soochow Securities International and others. The relevant adjustment stems from the Implementation Plan for the Comprehensive Rectification of Illegal Cross-border Securities, Futures and Fund Business Activities, jointly issued by the Securities and Futures Commission and seven other departments on 22 May, which sets a two-year concentrated rectification period. Several brokerages have stopped accepting new account openings from investors with mainland identities.

「中國股神」段永平做Short Put行權，變相以420蚊掃騰訊？

段永平賣出2000張行權價420港元、10月29日到期的騰訊認沽期權，期權費約208.4萬港元。10月7日騰訊股價跌穿420元，他按合約須以420港元承接20萬股騰訊。一張期權對應100股，2000張即20萬股。他形容賣出Short Put是為「開保險公司」：股價不跌賺期權金，跌到目標價則以折扣價建倉。

ByteDance tops inaugural SCMP Plus Going Global 100 ranking

TikTok parent ByteDance ranked first in the inaugural SCMP Plus Going Global 100, ahead of Foxconn Industrial Internet, Shein and BYD. The study assessed more than 2,000 mainland Chinese companies, with weighted scores based on indicators including overseas revenue.

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周星馳比高集團1元出售中國影院業務 何解帶來540萬元收益？

周星馳旗下比高集團（08220）以象徵式1元出售中國影院業務「比高電影院投資有限公司」，估計帶來約540萬元處置收益。該公司8月31日錄得負債淨額約860萬元，去年收入225.1萬元、經營虧損120萬元。540萬元屬非現金會計收益，實際現金代價只有1元。

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屯門帝御．星濤兩房440萬易手 一手業主持貨近6年賬面蝕120.1萬

一名外區客以440萬元購入屯門帝御．星濤1座中層15室兩房單位，實用面積約393方呎，呎價約11,196元。單位原開價465萬元，業主最終減價25萬元易手。原業主2020年11月以約560.1萬元一手購入，持貨約近6年，賬面虧蝕120.1萬元，期內貶值約21.4%。

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DBS香港與Manulife香港銀保合作10周年 捐HK$1 million支援醫護人員福祉

DBS香港與Manulife香港為銀保合作10周年捐出HK$1 million，支援醫護人員福祉。款項捐予醫管局企業臨床心理服務轄下的Oasis – Centre for Personal Growth & Crisis Intervention。

BofA: Global investors refocus on Chinese equities, ending 4-year underweight status

After analysing 2,767 global funds, BofA indicated that the average allocation of global active long-only funds to Chinese equities has risen from underweight back to benchmark neutral since June, ending a persistent 4-year underweight. The bank said relatively cheap valuations and artificial intelligence opportunities have attracted investors to reassess Chinese equities, but the end of sustained selling does not mean a full bullish outlook.

Hong Kong banks turn cautious on One Stanley mortgages, disbursements suspended pending investigation

Luxury development One Stanley has been found to have construction defects and is under investigation. Hong Kong banks are turning cautious on mortgages for the development, while property agents have suspended viewings at the estate, an incident that may cast a shadow over the recovery of Hong Kong's ultra-luxury property market. Eric Tso, Chief Vice President of mReferral Mortgage Brokerage Services, said most banks are adopting a wait-and-see attitude and will take a more cautious approach to mortgages.

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專才700萬購東堤灣畔兩房戶 27年帳升1.7倍

東涌東堤灣畔2座高層D室實用521方呎兩房戶，獲新來港專才以700萬元承接，實呎13,436元，買家在機場工作並在港睇樓3個月。原業主1999年5月約257.4萬元購入，持貨約27年，帳面賺約442.6萬元或約1.7倍。

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永倫逾億沽元朗樓上舖 29年帳升15%

永倫集團倫氏家族成員持有的元朗泰利街1至29號大興大廈2樓舖，上月初連租約以1.05億元易手，較早前1.42億元的開價減價約3700萬元或26%。該舖面積約2.4萬方呎，呎價約4375元。

Fung Ngan Shan opens show house again, WHITESAND COVE special units priced at 1.8萬 per square foot

Fung Resources' Fung Ngan Shan in Wo Mei, Sai Kung, opened the completed show villa of House 10 to the media yesterday. Assistant General Manager of Sales and Leasing, Chui Chi-ho, said that since the completed units were opened to the public last week until now, about 80 groups of customers had visited. Local and mainland customers each accounted for about half. Chilam, a joint venture in the same district involving Lan Kwai Fong Group, Cheung Kong Holdings (0035) and others, is also preparing to make its debut.

Hung Hom Wing Kwong Street The Pacific approved for presale of 451 units near MTR To Kwa Wan Station

According to Lands Department data, The Pacific in Hung Hom Wing Kwong Street, a collaboration between Sino Land (0083) and the Urban Renewal Authority and others, located near MTR To Kwa Wan Station, was approved for presale last month, involving 451 units, expected to be completed in September 2028, with an off-plan period of about 24 months. A total of 2 presale consent letters were issued last month, involving 1380 units in total, down 26.6% month-on-month.

首岸第2期折實均呎21,426元下周一先到先得發售 33清水灣第1期涉361伙獲批預售上樓書

恒地及市建局等合作的紅磡庇利街首岸第2期，以折實均呎21,426元首推80伙，安排下周一（12日）先到先得發售。九建旗下牛池灣33清水灣第1期據悉已獲批預售樓花，涉361伙，昨晚突擊上載樓書，今天向傳媒開放太子始創中心示範單位。

Lau Sze-ming: Biotech and computing power stocks both retreat; Hong Kong stocks watch A-share resumption

Biotech and computing power stocks, which had been hotly traded in Hong Kong in recent days, led the pullback yesterday, as the market watched the performance of mainland A-shares when they resume trading today after the long holiday. The Middle East situation and global bond yields continue to influence investor sentiment.

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信銀存英鎊1個月年利率4.8厘

信銀國際客戶透過手機銀行的外幣兌換定期存款服務，以等值1萬港元或以上的兌換資金開立1個月英鎊定存，可獲4.8厘年利率。服務須以兌換資金開立定存。

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平安數字銀行港元定存3.35厘

平安數字銀行客戶經手機應用程式敘做100元或以上12個月港元定存，可享3.35厘年利率。

Cheung Siu-chung: JD.com's positioning outperforms peers and offers good value

Cheung Siu-chung believes JD.com (9618) has a positioning that outperforms peers and offers good value, and that Hong Kong stocks have a chance of a short-term technical rebound, making JD.com a decent entry target. The Hang Seng Index fell 150 points yesterday to close at 24,130 points, with turnover of 94.7 billion dollars. He said that after breaking record highs, the US stock rally is not particularly strong and there is a need for a short-term correction.

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美國長債息創24年新高 道指曾跌逾500點

美國10年期國債孳息率昨高見5.365厘、30年期高見5.732厘，均刷新2002年以來高位，道指早段跌逾500點。沙特機場遇襲及油輪遇襲事件增加引發石油供應擔憂，布蘭特期油高見每桶102美元，紐約期油升穿90美元。EIA數據顯示上周原油庫存減少318.6萬桶，是5周最大跌幅，市場原預期增加170萬桶。

Six Crystal Technology has invested a cumulative 8000 ten thousand

Six Crystal Technology has invested a cumulative 8000 ten thousand. In 2014 the company independently developed an MPCVD equipment capable of mass-producing 2-inch diamond wafers, and began generating revenue. Founder and chief executive officer Yang Jun Kun was originally pursuing a doctoral programme in applied physics at Harvard University, suspending his studies in mid-2010 to return to Hong Kong to prepare for the venture, and formally established Six Crystal Technology in 2012.

HK startup targets diamond wafers for use in AI chips

A local startup began mass-producing diamond wafers 11 years ago and developed its own related equipment, making it a pioneer in the field. Diamond wafers can be used in AI chips. The company saw the potential of applications for lab-grown diamonds beyond jewellery more than 10 years ago, drawn by the application potential brought by their superior physical properties.

Sasa: Offshore sales in Hong Kong and Macau up over 60% during National Day holiday

Sasa International (0178) announced that during the National Day holiday from October 1 to 7 this year, offline sales in Hong Kong and Macau rose by over 60% year on year, while same-store sales rose by over 50% year on year. During the period, the number of transactions, the average amount per transaction and the number of items per transaction all recorded significant year-on-year increases.

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傳音控股來港招股入場費3919.13元 首日孖展5.5億元

TECNO母公司傳音控股（2636）擬發行8664.83萬股H股，約一成在港公開發售，發售價介乎每股35.3元至38.8元，集資最多33.6億元，每手入場費3919.13元，預期10月15日掛牌，中信証券為獨家保薦人。首日孖展達5.5億元。

Citi says government housing policy underestimates residential demand

Citi maintains a positive view on Hong Kong's property market in 2027, forecasting residential prices to rise 6%, with rents also up 6% and hitting record highs. The bank said that as the retail market improves, it expects property rental stocks to outperform developers in the fourth quarter of 2026, and recommends Swire Properties, Wharf REIC, Link REIC and Sun Hung Kai Properties.

FT: HSBC plans major cuts to UK wealth management headcount

According to a report by the UK's Financial Times, HSBC plans to significantly cut headcount at its UK wealth management division, with management and professional roles expected to be halved and financial adviser roles possibly cut by about 70%. Affected employees are currently in a consultation period and could leave as early as the end of this month. HSBC hopes to serve high-net-worth clients through artificial intelligence, as part of Chief Executive Georges Elhedery's push to simplify the organisational structure. The relevant assets stood at about £62 billion as of the end of last year.

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憂英徵銀行暴利稅 匯控渣打續挫 恒指跌150點

市場憂慮英國徵收銀行暴利稅，匯控（0005）及渣打（2888）連日下跌，分別再跌近2%及3%。恒指全日跌150點，收報24,130點，北水缺席下成交進一步縮減至946億元，連續3日不足千億元，為2024年9月以來首見。

Hang Seng Indexes: The only index company with independent capability

巫婉雯, Director, Chief Executive Officer and Head of Client Management of Hang Seng Indexes Company, said the company is the only index compilation company in Hong Kong with "independent capability". Indices are updated every two seconds, with everything from research and development, data, IT to sales and promotion carried out end-to-end by the Hong Kong team. The company has invested substantial resources in maintaining the indices.

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恒生科技指數改革落實 成分股30隻增至50隻 增設流通量與收入門檻

恒指公司昨日公布落實恒生科技指數改革，成分股由30隻增至50隻，40隻按市值組別、10隻按收入增長組別選出。增長組別設3個月最低1億元日均成交及最少兩年度營收5億元門檻，權重上限維持一般8%、外國公司4%。變動在11月20日季檢公布，12月7日一次過生效。

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One Stanley 24幢豪宅於結構缺陷調查期間售出

One Stanley 自 3 月香港當局就涉嫌結構缺陷展開調查以來已售出 24 幢豪宅，買家包括本地及國際商界人士。交易促使專家呼籲加強買家保障，包括實施買方在發現法定違規時可撤銷合約的強制期。

Indonesian envoy says Hong Kong and Indonesia can deepen green finance cooperation

Indonesian Presidential Special Envoy for International Trade Mari Elka Pangestu said that Hong Kong and Indonesia can deepen green finance cooperation, and that Hong Kong's common law professional strengths can support Indonesia in attracting family offices. She also said that Hong Kong plays an important channel in channelling mainland funds to ASEAN. The remarks were made ahead of her speech at the University of Hong Kong on Wednesday.

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上月3778伙申增預售創4年半新高 新世界等北都51個月樓花盤佔2290伙

地政總署資料顯示，上月共錄得7份預售樓花同意書申請、合共3778個單位，按月大增2.4倍，創2022年5月後近4年半新高。當中新世界等北都樓花盤佔2290伙。美國聯儲局加息未有減慢發展商推盤步伐，上月市場仍有多個項目申請預售。

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33清水灣第1期料已獲批預售 突擊上載樓書

九建（0034）旗下牛池灣清水灣道新盤33清水灣第1期，據悉已獲批預售樓花同意書，並已突擊上載樓書。發展商將於明天向傳媒開放設於太子始創中心的示範單位。

Hang Seng Index Company to add 10 high-growth firms to Hang Seng Tech Index

Hang Seng Index Company will add 10 high-growth companies with annual sales of at least HK$500 million (US$64 million) to the Hang Seng Tech Index, in a bid to revive the benchmark known as Hong Kong's Nasdaq. The new threshold is one of a series of reforms after the index lost its edge against global peers.

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藍灣半島三房放盤僅10日 租客一睇即中2.7萬進駐｜二手樓租賃

藍灣半島2座低層B室一個約605方呎三房單位放盤僅10日，減價1,000元至2.7萬元租出，呎租約44.6元。業主上月底推出單位，原叫價2.8萬元，減幅約3.6%。招潔冰指該屋苑上月只錄得6宗租賃成交，業主2008年以418.8萬元購入單位，現享約7.7厘租金回報率。

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海德園兩房2.35萬租出 5個月前購入回報逾3厘

柴灣海德園3座高層F室一個實用512方呎的兩房戶以月租2.35萬元租出，實用呎租約45.9元。美聯分行高級區域經理佘錦驊表示，業主5個月前購入，租金回報逾3厘。

瑅海預售申請涉451伙 上月共3盤涉1380伙獲批預售

地政總署上月批出3份預售樓花同意書，共涉1380伙，按月少26.6%。信置與市建局等合作的紅磡榮光街瑅海涉451伙，預計2028年9月落成，樓花期約24個月；另有新地西沙SIERRA SEA 2C(2)期522伙及華潤置地(海外)叡璟II 407伙。第三季該署共批9份，涉3766伙。

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君滙港海景3房零議價租2.8萬 呎租52元

奧運站君滙港第5座中層F室以2.8萬元放租約兩周後零議價租出，單位實用面積541方呎、3房向西望海景，實用呎租約52元。據香港置業營業經理周栢達指，新租客為同區夫婦。業主2010年以608萬元購入單位，享租金回報約5.5厘。

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專才700萬購東堤灣畔兩房戶 27年帳升1.7倍

東涌東堤灣畔2座高層D室以700萬元成交，實呎13,436元，買家為在機場上班的新來港專才。該單位實用521方呎、兩房間隔，買家因私宅租金高企決定在港買樓。單位持貨27年，帳面升1.7倍。

多相︱Feng Ying Shan show flat house exudes greenery and softness

Fung Resources' Feng Ying Shan in Wo Mei, Sai Kung, opened its show flat house No. 10 to the media today. Chui Chi-hou, assistant general manager of sales and leasing, said that since the project opened its completed flats last week, about 80 groups of customers had visited, with local and mainland customers each accounting for about half.

Hong Kong again rated world's freest economy by Canada's Fraser Institute as rule of law score falls

Hong Kong has been rated the world's freest economy in the Fraser Institute's Economic Freedom of the World 2026 Annual Report. The report again noted that the decline in Hong Kong's scores in areas such as the rule of law is related to the national security law.

Family offices expand into private equity, infrastructure and alternative investments

Asian family offices are broadening their allocations to private equity, infrastructure and alternative investments. Some analysts say second- and third-generation leaders are departing from the original fundamentals of wealth creation, but the wealth management sector believes the view is not entirely accurate, as they still assess opportunities according to circumstances and adjust portfolios to balance risk.