Hang Seng Index

Stock market index in Hong Kong

Follow Hang Seng Index on Notably News to receive short updates to your email — rarely!

We include updates on Tencent, Alibaba Group, Foxconn, Cathay Pacific, Industrial and Commercial Bank of China, Esprit Holdings, Swire, Bank of China, AIA Group, Mandarin Oriental Hotel Group, Sinopec, Ping An Insurance, TVB, China Construction Bank, Hong Kong Tramways, PetroChina ... and more.

2025 Tencent released Hunyuan3D, an AI 3D model generator.
March 2025 U.S. House Select Committee on Strategic Competition between the United States and the Chinese Communist Party initiated an inquiry into China Unicom.
March 2025 FCC opened an investigation into China Unicom and other Chinese companies regarding potential violations of U.S. operational restrictions.
2025 Hyatt Centric The Ring Chengdu hotel project is set to be completed by this year.
March 2025 Tencent released Hunyuan T1, a reasoning model based on Transformer-Mamba architecture.
January 7 2025 Tencent was added to a watchlist of companies allegedly working with China's military, alongside CATL.
2024 Chalco completed Phase II of its Boffa bauxite project in Guinea, increasing annual output to 20 million tonnes and investing in port and rail logistics infrastructure to improve export efficiency.
2024 Foxconn surpassed expectations with record fourth-quarter revenue.
2024 Tencent increased its stake in Wangyuan Shengtang from 20% to 94%.
2024 Litigation between Tencent and ByteDance remains unresolved, with ongoing disputes about jurisdictional issues.
2024 Tencent acquired a 51.4% stake in Kuro Games, the publisher of Wuthering Waves.
2024 Joseph Tsai announced as new chairman and Eddie Wu as CEO, aimed at reviving company growth in the post-crackdown era.
2024 Signed a memorandum of strategic cooperation with BP at the Davos Economic Forum, with plans to build 5,000 new EV charging stations by 2025.
December 2024 Apple initiated talks with Tencent and ByteDance about integrating their AI models into iPhones sold in China.
December 2024 The U.S. Department of Justice required Tencent to remove two directors from Epic Games' board of directors and relinquish its unilateral right to appoint board directors or observers, addressing antitrust concerns under Section 8 of the Clayton Act.
December 2024 U.S. Court of Appeals for the Ninth Circuit rejected China Unicom's challenge of the 2022 FCC revocation of its U.S. operation authorization.
December 2024 Alibaba announced its decision to sell Intime Department Store to Youngor Group, marking another strategic restructuring of its business portfolio.
November 2024 Port of Chancay in Peru was opened during Xi Jinping's state visit, described as part of the Belt and Road Initiative and a new maritime-land corridor between China and Latin America.
November 2024 Alibaba unveiled QwQ-32B-Preview, a 32.5 billion parameter AI reasoning model developed by the Qwen team. The model can process up to 32,000-word prompts and features a self-fact-checking mechanism, challenging OpenAI's o1 series with superior performance on AIME and MATH benchmarks.
August 2024 SmarTone applied to the Macau SAR Government to forgo its 4G license, indicating plans to cease operations in the region due to its small market share of only a single-digit percentage.
March 31 2024 Alibaba significantly expands its workforce to 540,000 employees, with revenue reaching $130 billion, solidifying its position as a key national corporation for China.
January 2024 Chalco commissioned a new 400,000-tonne-per-year green aluminum smelter in Yunnan Province, powered entirely by hydropower, as part of China's decarbonization efforts. The facility replaces older, coal-fired aluminum production capacity.
2023 The company was ranked 62nd in the Forbes Global 2000, demonstrating continued growth and global prominence in the insurance sector.
2023 China Life Insurance invested $3.5 billion in Honghu Private Securities Investment Fund, alongside New China Life Insurance, with the aim of improving capital utilization efficiency and increasing long-term investment assets.
2023 Despite international sanctions following Russia's invasion of Ukraine, China Life Insurance Company continued to operate in Russia, maintaining active offices and advertising for new employees in the region.
2023 HSBC becomes the last international bank with retail banking operations in the Philippines following Citibank's exit from the market.
2023 Tencent announced a partnership with the Chinese Academy of Agricultural Sciences (CAAS) to establish a Digital Seed Bank at the Tencent Science and Technology Museum.
2023 Tencent received the Zero Project Award for innovative ICT solutions supporting persons with disabilities, specifically highlighting their MTGPA Haptics technology that provides vibro-tactile navigation assistance for visually impaired and elderly users.
2023 Tencent debuted its large language model Hunyuan for enterprise use.
2023 Shenzhen Yayue Technology, a Tencent subsidiary, received a golden share investment from a state-owned China Internet Investment Fund entity, which negatively impacted Tencent's stock price upon announcement.
2023 Foxconn reaches an annual revenue that ranks 20th in the Fortune Global 500, solidifying its position as a global electronics manufacturing leader.
2023 Sinopec's greenhouse gas emissions slightly decreased to 169 million tonnes of CO2 equivalent, though the company remained the second-highest emitter among oil companies worldwide.
2023 Opened a one million tonne per year Styrene-butadiene (SBC) plant in Hainan, becoming the world's largest SBC producer.
2023 Sinopec constructed its first solar-powered green hydrogen facility in Xinjiang, with plans to produce 20,000 tonnes of hydrogen annually for its Tahe refinery.
2023 Sinopec built a 20,000 tonne per year green hydrogen wind farm outside Ordos City, demonstrating its commitment to renewable hydrogen production.
2023 Began operating the deepest oil well in Asia, reaching 9,432 meters below Xinjiang as part of Project Deep Earth.
December 2023 Tencent's majority-owned subsidiary China Literature acquired Tencent Animation and Comics.
December 2023 Architect Büro Ole Scheeren unveiled the new helix-inspired design for Tencent's global headquarters in Shenzhen, named Tencent Helix, which will accommodate over 23,000 employees.
December 31 2023 COSCO Shipping Ports reached a significant milestone by operating and managing terminals at 38 ports globally as of this date.
December 27 2023 After the Chinese government suggested improvements to gaming rules, Tencent's stock rose by 5%.
December 22 2023 Chinese government regulations on online gaming resulted in Tencent losing $46 Billion in Market Capitalisation.
November 2023 Entered the MSCI KLD 400 Social Index.
September 2023 Chalco entered into a joint venture with PT Aneka Tambang (Antam) and other partners to develop a high-pressure acid leaching (HPAL) plant on Halmahera Island, Indonesia. The planned facility will produce mixed hydroxide precipitate (MHP) for electric vehicle batteries, with a projected annual production capacity of 1.5 million tonnes of laterite nickel ore.
September 2023 Cainiao Smart Logistics Network Ltd., Alibaba's logistics arm, filed for a Hong Kong initial public offering (IPO), potentially becoming the first of Alibaba's business units to go public under the new restructuring plan.
August 2023 Ukraine's National Agency on Corruption Prevention designated Alibaba an 'international sponsor of war' for platform activities related to goods from occupied territories.
July 2023 Tencent acquired a majority stake in Visual Arts (Key, KineticNovel), a Japanese game developer.
July 24 2023 Tencent invested in Techland, a Polish game development studio.
June 2023 HSBC closed the bank accounts of the pro-democracy political party League of Social Democrats (LSD) without providing a specific reason for the account closures.
April 2023 Alibaba revealed plans to release Tongyi Qianwen, a ChatGPT-like chatbot supporting English and Chinese. The AI will be integrated into DingTalk and Tmall Genie, with capabilities including drafting emails, creating business proposals, and converting meeting dialogues into written notes.
March 2023 Alibaba announced a major 'restructuring plan' called '1+6+N', which reorganized the company into six independent business entities with separate CEOs, boards of directors, and fundraising capabilities. The restructuring included Cloud Intelligence Group, Taobao and Tmall Group, Cainiao Smart Logistics Network, Local Services group, Alibaba International Digital Commerce, and Digital Media and Entertainment group.

We are only showing the most recent entries for this topic.

This contents of the box above is based on material from the Wikipedia articles Sinopec, Hongkong Land, Foxconn, China Life Insurance Company, Alibaba Group, Aluminum Corporation of China Limited, China Unicom, Ping An Insurance, HSBC (Hong Kong), SmarTone, Tencent & COSCO Shipping Ports, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also