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Real-time News
Hong Kong-listed tech stocks rebounded, with JD.com (09618.HK), Baidu (09888.HK), and Tencent Holdings (00700.HK) all rising over 2%. Alibaba (09988.HK), Meituan (03690.HK), Kuaishou (01024.HK), and Xiaomi Group (01810.HK) also followed suit. Fang Jincong, Head of China Internet Research at UBS, stated that in the next two to three years, as the bottleneck in AI computing power supply gradually eases, pricing power in the industry is expected to shift from upstream segments such as chips and infrastructure to internet platforms.On September 4th, according to Al Jazeera, US Treasury Secretary Bessenter stated that the European Union has formally joined the US in its economic pressure campaign against Iran. Bessenter wrote that Washington "appreciates its strong and timely stance." He stated, "The United States stands firmly with its allies to ensure that the Iranian regime cannot use the global financial system to finance its nuclear ambitions, weapons programs, and terrorist proxies." "The world is sending a clear message to the Iranian regime: we will spare no effort until all its remaining financial lifelines are severed." At the end of last month, the EU stated in a statement that it would "work closely with the United States, other G7 members, and international partners to continue to pressure Iran and is committed to de-escalation and maintaining regional stability."On Friday, September 4, the Hong Kong Hang Seng Index opened 302.43 points higher, or 1.2%, at 25,515.74; the Hang Seng Tech Index opened 65.34 points higher, or 1.46%, at 4,533.82; the H-share Index opened 96.04 points higher, or 1.15%, at 8,481.28; and the Red Chip Index opened 27.38 points higher, or 0.66%, at 4,204.84.Hang Seng Index futures opened 1.28% higher at 25,467 points, a premium of 254 points.On September 4th, 2026, Yue Xiuhu, member of the Party Leadership Group and Vice Chairman of the National Development and Reform Commission (NDRC), chaired a meeting to advance the construction of major projects outlined in the 15th Five-Year Plan. The meeting reviewed the progress of 109 major projects, accelerated the implementation of ongoing projects, promoted the early commencement of a number of new projects, further strengthened resource guarantees, and solidified responsibilities for project quality and safety management. The aim was to form a joint force to promote the construction of major projects and provide strong support for a good start to the 15th Five-Year Plan. Representatives from the Ministry of Education, the Ministry of Science and Technology, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Transport, the Ministry of Water Resources, and the Ministry of Agriculture and Rural Affairs delivered speeches. Officials from relevant departments of the NDRC, the Ministry of Civil Affairs, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, the National Health Commission, the National Energy Administration, and the National Data Administration attended the meeting.
