🌏 Market Pulse: BYD Exit Shock, HSBC Buyback, Kuaishou Probe & Typhoon Alerts

HK:1310.HK:HKBN
HKBN reported that China Mobile Hong Kong (CMHK) reduced its stake to 74.84%, still failing to meet the minimum public float requirement.

HK:2007.HK:Country Garden
Country Garden (CG) is reportedly planning to adjust its restructuring plan for nine onshore bonds worth over RMB13.8 billion.

HK:1211.HK:BYD COMPANY
US:BRK.A:Berkshire Hathaway
BYD Company fell more than 2% after Berkshire Hathaway confirmed it has fully sold its stake in the automaker.

HK:3115.HK:Hang Seng Index
HK:2020.HK:ANTA Sports
HK:1024.HK:Kuaishou-W
The Hang Seng Index opened 85 points lower, pressured by declines in ANTA Sports and Kuaishou-W.

Macau’s travel sector expects average daily passenger flow of 120,000 from September to December, projecting volumes to surpass 2019 levels.

HK:1024.HK:Kuaishou-W
Kuaishou-W dropped 6.27% at open after its subsidiary came under investigation by China’s SAMR regulator.

HK:2020.HK:ANTA Sports
ANTA Sports opened down 4.6% as its Arc’teryx brand issued an apology over a fireworks show controversy in Tibet.

Macao Meteorological and Geophysical Bureau (SMG) said Tropical Cyclone Signal No. 1 will be issued, with Super Typhoon Ragasa expected to near the Pearl River Estuary midweek, bringing winds of Force 12 or stronger.

HK:0005.HK:HSBC Holdings
HSBC Holdings repurchased around 3.64 million shares worth US$389 million last Friday.

Hong Kong Observatory (HKO) confirmed it will hoist Typhoon Signal No. 1 at 12:20 p.m., with a possible upgrade to Signal No. 3 between 8–10 p.m.

HK:2015.HK:Li Auto-W
Li Auto-W built 768 new supercharging stations over the past three months, expanding its EV charging infrastructure.

China’s FDI for the first eight months of 2025 reached RMB506.58 billion, narrowing the decline to 12.7%.

Shenzhen authorities denied market rumors that home purchase restrictions in core areas would be lifted.

HK:1024.HK:Kuaishou-W
China’s SAMR officially launched a probe into Kuaishou-W’s subsidiary, intensifying regulatory pressure.

HK:0988.HK:WB (Weibo)
HK:1024.HK:Kuaishou-W
Weibo and Kuaishou-W pledged to implement rectifications after meetings with China’s CAC regulator.

China released a new centralized drug procurement policy, pledging “price cuts without quality reduction” to curb involution in the pharma sector.

Thank you