SINGAPORE investors can now directly invest in three Hong Kong blue-chip stocks – Ping An Insurance, Meituan and Xiaomi – via newly launched Singapore Depository Receipts (SDRs). This broadens the Singapore Exchange’s (SGX) thematic investment opportunities in artificial intelligence (AI),

Chinese electric vehicle maker BYD has raised $5.59 billion in a primary share sale that was increased in size, according to a term sheet seen by Reuters on Tuesday, the largest of its kind in Hong Kong in four years.

Chinese electric vehicle maker BYD Co raised HK$43.5 billion (US$5.6 billion) in Hong Kong’s biggest share sale in nearly four years.

The company is offering 118 million shares at HK$333 to HK$345 each, according to terms of the deal seen by Bloomberg.

The company late Thursday reported stronger-than-expected results for the final quarter of 2024. Net profit nearly tripled from a year earlier to 9.85 billion yuan, equivalent to $1.36 billion, and revenue jumped 13% to 346.99 billion yuan as consumer spending rebounded, it said.

Hong Kong stocks rose for a third day on Friday, putting the benchmark gauge on course for its biggest weekly gain in almost two months, as optimism grew that China would take more steps to support the nation’s economic growth and technology innovation.

Asian equities were largely lower despite a weaker U.S. dollar overnight, as Japan outperformed and India underperformed.

US president reaffirms that tariffs on Chinese imports will double to 20 per cent as reprieve period for Canada and Mexico ends.

These three additional stocks will further expand investor access to more regional companies. The post SGX Adds 3 More Hong Kong Singapore Depository Receipts: Here’s All You Need to Know appeared first on The Smart Investor.

Hong Kong's government has earmarked 1 billion Hong Kong dollars ... Among the top gainers in the session were food delivery company Meituan (up 9.21%) and e-commerce platform JD.com (8.26%). Meanwhile, the Hang Seng Index gained as much as 3.19%.

Chinese electric vehicle maker BYD Co. raised HK$43.5 billion ($5.6 billion) in Hong Kong’s biggest share sale in nearly four years. Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkThe company sold 129.

BYD said the transaction was the largest equity follow-on offering globally in the automotive sector in the past decade.