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Alibaba-Backed

658.216

-24.650-3.61%

Number of Gainers:3

Number of Losers:9

Number of Flat:1

PE:- -

High:678.310

Open:670.473

Low:653.295

Close:682.865

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Sun Art Retail - Huang Ming-Tuan Resign as Chairman

THOMSON REUTERS

Alibaba's Net Cash to Remain Robust Despite Capex Surge, S&P Says

MT Newswires Live

BRIEF-Sun Art Retail Says Authorities Conducting Investigation Into An Independent Supplier

Sun Art Retail - Notified by Relevant Authorities That They Are Conducting an Investigation Into an Independent Supplier

THOMSON REUTERS

Sun Art Retail - Expects to Record RMB58 Mln as Provision for Tax Expenses for Year

THOMSON REUTERS

Sun Art Retail - Supplier Was Subject to Such Investigation Due to Certain Acts Involving Value-Added Tax Invoices

THOMSON REUTERS

Hong Kong Most Actives

CICC, China Galaxy Securities Deny Merger Report; Shanghai Shares Surge

MT Newswires Live

BUZZ-China Galaxy, CICC HK shares fall after saying they have no information on merger

A CICC and China Galaxy Securities Merger Plausible Long Term -- Market Talk

Lianhua Supermarket Raises 357 Million Yuan via Deal with Bailian Group

MT Newswires Live

Ishares China Large Cap ETF up 3.5%, Kraneshares CSI China Internet ETF up 4%

THOMSON REUTERS

Li Auto up 10%, NIO up 3%, Xpeng up 9.5%

THOMSON REUTERS

U.S.-Listed Shares of Chinese Firms Jump Premarket; Chinese Competition Regulator Holds Talks With Executives From Seven Cos

THOMSON REUTERS

CICC, China Galaxy Securities Set to Merge, Reuters Reports, Citing Sources

Hong Kong Shares Rise 3.3%; China Galaxy Securities, CICC Surge -- Market Talk

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In Hong Kong, CICC's shares fell 3%, while Galaxy Securities edged down marginally.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["LU2089284900.SGD","LU1720051017.SGD","BK4581","LU2357305700.SGD","LU0098860793.USD","BK1564","LU2089283258.USD","BK4504","BK0276","LU0795875086.SGD","BK4516","BK4585","LU1548497426.USD","LU2271345857.HKD","LU0158827781.USD","BK1501","601881","BK4534","LU1074936037.SGD","LU1363072403.SGD","LU1720051108.HKD","BK4588","SG9999002828.SGD","LU2023251221.USD","BK0188","LU0912757837.SGD","06881","LU1162221912.USD","BK1147","LU0795875169.SGD","LU0267386448.USD","LU1989772840.SGD","IE00BKVL7J92.USD","LU0106261372.USD","LU1989772923.USD","LU0158827948.USD","LU1732799900.SGD","LU2133065610.SGD","LU0971096721.USD","LU2347655156.SGD","601995","LU2028103732.USD","BK4127","LU0006306889.USD","03908","LU0225283273.USD","LU0314104364.USD","BK1516","LU2111349929.HKD","LU0106831901.USD"],"gpt_icon":0},{"id":"2514845936","title":"BUZZ-China Galaxy, CICC HK shares fall after saying they have no information on merger","url":"https://stock-news.laohu8.com/highlight/detail?id=2514845936","media":"Reuters","labels":["shareholding","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514845936?lang=en_us&edition=fundamental","pubTime":"2025-02-27 12:45","pubTimestamp":1740631546,"startTime":"0","endTime":"0","summary":"BUZZ-China Galaxy, CICC HK shares fall after saying they have no information on merger** Hong Kong shares of China Galaxy Securities 6881.HK drop 8.4% to HK$8.02, the biggest one-day pct decline since October 9, 2024** China International Capital Corp  3908.HK is set to merge with its peer China Galaxy Securities via a share swap, Reuters reported on Wednesday citing five sources, in a deal that would create China's third-largest brokerage** CICC and Galaxy said in separate filings late on Wednesday that neither of them had received any information from the government, regulators or controlling shareholder regarding the reported merger** CICC's Hong Kong shares fall 8.3% to HK$14.88, the biggest one-day pct drop since October 9, 2024** However, Shanghai-listed stock of China Galaxy 601881.SS and CICC 601995.SS rise 3.5% and 2% respectively** YTD, Hong Kong shares of China Galaxy up 23.6%, CICC gains 26.5%  ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250227:nL2N3PI052:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"shareholding,merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1564","SG9999002828.SGD","BK0276","601995","BK1147","BK0188","BK1501","601881","BK1516","06881","03908"],"gpt_icon":0},{"id":"2514810946","title":"A CICC and China Galaxy Securities Merger Plausible Long Term -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2514810946","media":"Dow Jones","labels":["merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514810946?lang=en_us&edition=fundamental","pubTime":"2025-02-27 11:29","pubTimestamp":1740626940,"startTime":"0","endTime":"0","summary":"0329 GMT - A possible merger between CICC and China Galaxy Securities via a share swap as per a media report could be plausible in the long term, Citi analysts write in a note. Though the companies denied the report, the market has anticipated a merger between them since early 2024, they add. Both the brokerages are controlled by China Investment Corp. and have had top leadership reshuffles among themselves, Citi notes. A merger could also boost CICC's capital base, they say, adding that the merged entity could be the third biggest in China in terms of total assets and revenue.","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"merge","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1147","BK1516","BK1564","06881","03908","SG9999002828.SGD","BK1501"],"gpt_icon":0},{"id":"2514881539","title":"Lianhua Supermarket Raises 357 Million Yuan via Deal with Bailian Group","url":"https://stock-news.laohu8.com/highlight/detail?id=2514881539","media":"MT Newswires Live","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514881539?lang=en_us&edition=fundamental","pubTime":"2025-02-26 17:24","pubTimestamp":1740561883,"startTime":"0","endTime":"0","summary":"Lianhua Supermarket Holdings  raised 357 million yuan by selling 360 million new domestic shares to controlling shareholder Bailian Group for 1 yuan apiece.The shares represent 24.33% of the company's enlarged issued share capital, and Bailian Group now holds 59.06% of Lianhua Supermarket.The company plans to use the net proceeds to upgrade its supermarket and hypermarket outlets and boost working capital, a Tuesday bourse filing said.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK1177","00980","BK1501"],"gpt_icon":0},{"id":"2514889934","title":"Ishares China Large Cap ETF up 3.5%, Kraneshares CSI China Internet ETF up 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=2514889934","media":"THOMSON REUTERS","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514889934?lang=en_us&edition=fundamental","pubTime":"2025-02-26 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China Galaxy Securities Set to Merge, Reuters Reports, Citing Sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2514843888","media":"Dow Jones","labels":["corporation","merge"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2514843888?lang=en_us&edition=fundamental","pubTime":"2025-02-26 16:22","pubTimestamp":1740558120,"startTime":"0","endTime":"0","summary":"--China International Capital Corp. and peer China Galaxy Securities plan to merge, Reuters reported, citing unnamed sources.--The merger, which would create China's third-largest brokerage, has secured backing from Chinese authorities in recent weeks and could be announced in the coming weeks, Reuters said.--CICC and Galaxy didn't respond to Reuters's requests for 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higher amid positive sentiment. The benchmark Hang Seng Index rose 3.3% to 23787.93 and the Hang Seng Tech Index advanced 4.5%. Among the biggest gainers, Longfor Group rose 11% and Meituan gained 9.8%. China International Capital Corp. closed 19% higher after a media report that it could merge with peer China Galaxy Securities. China Galaxy Securities jumped 17%. Meanwhile, China Mobile led losses, down 1.4%, while Cnooc dropped 1.2%. Today's Hong Kong budget speech didn't provide any significant upside surprises and had a limited impact on the stock market, analysts said. Investors are watching for China's upcoming Two Sessions meeting to start next week. 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