HKEX is reforming its listing mechanism to improve IPO quality by enforcing stricter disclosure standards and allowing confidential submissions. Failure to meet standards will result in public disclosure of sponsoring institutions' names, emphasizing the importance of compliance.

The Hong Kong SFC warns that prediction markets are speculative and not investment products, lacking regulatory protection. They involve gambling elements, potentially making them illegal. The committee urges the public to differentiate between investment and gambling.

Hong Kong stocks closed lower on April 17, with the Hang Seng Index dropping 0.89%. Blue-chip stocks varied, as Alibaba gained amid AI advancements. Newly listed stocks surged, showcasing strong investor interest, while gold stocks fell due to geopolitical tensions.

Gate News message, April 17 — Southbound funds (Hong Kong Stock Connect inflows from mainland China) recorded net inflows exceeding HKD 15 billion as of now (April 17).

Gate News message, April 17 — Southbound funds through Hong Kong Stock Connect recorded net inflows exceeding HKD 10 billion as of today.

A report by the Hong Kong Institute of Finance reveals that 74% of global financial institutions foresee growth in transition finance, with Asia-Pacific showing 91% optimism. It emphasizes collaboration, regulatory clarity, and innovation to enhance sustainable finance.

SenseTime Group is raising HK$3.25 billion through a share placement in Hong Kong, issuing 1.7 billion shares at an 8.6% discount. Funds will support its AI infrastructure and research, while the stock has seen a year-to-date decline of 9.6%.

The SFPA advocates for lowering financial thresholds for dual-class shares in Hong Kong to attract more innovative companies, proposing new requirements aimed at easing entry for mid-sized tech firms and enhancing the city's competitive edge.

Manycore Tech raised $156 million in its Hong Kong IPO, shifting focus from home renovation to AI and robotics services using proprietary 3D design data. Despite an 8.6% revenue increase, it remains loss-making, reflecting investor interest in specialized design software.