BUTONG GROUP (06090.HK) listed on the Main Board of the Hong Kong Stock Exchange on 23 September 2025 at a final offer price of HKD 71.20. Founder Wang Wei established the Boyan Family Trust and serves as its settlor and protector, while co-founder Shen Ling established the Shen Ling Family Trust and serves as its settlor and protector; the trustee of both trusts is Vistra Trust (Singapore) Pte. Limited of Singapore. The company was included in the Hang Seng Composite Index and added to the Stock Connect eligible securities lists on 9 March 2026.
On Oct 23, HBM Holdings-B (02142.HK) announced that batoclimab injection (Enlida) has been approved by China's NMPA for generalized myasthenia gravis, the company's first approved product, on which it retains tiered royalties in Greater China. Included in the Stock Connect on Sept 7, its southbound stake rose from 2.10% on the first effective day to 13.24% on Oct 23, or 119.81 million shares worth about HK$1.23 billion.
WENGE AI (01956.HK) closed at HKD 59.10 on October 23, 2026, down 4.98% for the day. The company's shares were included in the Hang Seng Composite Index with effect from September 7, 2026 and were accordingly added to Stock Connect, and the share price has fallen about 34.26% since inclusion.
LC HOLDING (02490.HK) fell 0.36% to HKD 4.140 on Oct 26; Liu Family Trust holds shares via Lecang Flourishing; Trident Trust at 32.60%; interim profit up 42.9%.
YIDU TECH (02158.HK) traded at HKD 2.915 intraday on Oct 26, up 1.22%, down 23.1% since its removal from Stock Connect on Sept 7; FY2026 revenue rose 14.6%.
On October 26, 2026, XPENG-W (09868.HK) weakened. As of 14:00, it was quoted at HK$35.78, down 3.61%.
Hong Kong indices fell this week, with the HSI down 4.52% and the HSTECH down 5.76%, while southbound outflows reached HK$17.046 billion over four sessions.
HUA HONG GRACE (01347.HK) fell 4.45% to HKD 64.450; 8-inch wafer capacity will shrink 2.4% in 2026 as AI server power demand surges, and Q3 lands 5 November.
EXELLAND ROBOT (03231.HK) fell 1.04% to HKD 34.400; Zhejiang service robot output rose 91.0% in Q1-Q3, and Agibot set a Guinness record with 110 robots.
Recent listings fell in the week to October 23, 2026: STAR GROUP ASIA gained 77.49%, MICOT PHARMA-B fell 39.92% and Z.AI led turnover at HK$3.838 billion.
This week's Going Global Weekly was defined by two main threads, namely out-licensing by pharmaceutical companies and A-share listings in Hong Kong. On the licensing side, HANSOH PHARMA entered into an ADC collaboration with Roche with an upfront payment of USD 400 million and potential milestones exceeding USD 15 billion, METIS TECHBIO-P partnered with Eli Lilly on LNP delivery, HUTCHMED completed the closing of its licence transaction with GSK, and INSILICO triggered a milestone payment from Servier. On the financing side, DSBJ and MICRO-INTELLIGENCE launched their offerings in the same week and are expected to list on October 28. On the M&A side, ORBUSNEICH completed the acquisition of an Italian distributor, RIBOLIFE moved to full ownership of a Swedish R&D centre, and LOPAL TECH sold a 76% stake in its Indonesian subsidiary.
On October 23, 2026, the HSTECH rose 2.05% and the HSI added 0.69%. 51WORLD led Stock Connect gainers, up 30.31%, as southbound net selling hit HK$1.67 billion.
Hong Kong ETF Average Return Statistics (by Manager) (Third Week of October 2026)<......
On October 23, 2026, the HSTECH rose 2.05% and the HSI gained 0.69%. MINIMAX-W led AI concept stocks with a 16.74% gain, while BLACK SESAME fell 3.87%.
Hong Kong ETF Gainers at a Glance (Third Week of October 2026)&......
On October 23, Hong Kong stocks rebounded, the Hang Seng Index up 0.69% on turnover of 249.8 billion HKD and southbound net selling of 1.670 billion HKD.
