Hong Kong Attracts Three New Listings, China Stocks Trade Sideways

Li Chen
10 Jun, 2025
Hong Kong

Investors remained optimistic about the ongoing trade talks between the U.S. and China, and benchmark indexes advanced on Tuesday. 

The Hang Seng index and the CSI 300 index traded around the flatline, and investors awaited the outcome of trade talks in London. 

Trade negotiators are not hopeful of a breakthrough in the near term as both sides hold firm on their demands, despite the recent conciliatory gestures. 

China temporarily relaxed its export ban on rare earth minerals, and Boeing resumed shipment of commercial aircraft. 

However, tensions remain high as they continue to restrict shipments of advanced electronic chips and keep the ban on student visas. 

 

China Indexes and Stocks

The Hang Seng index decreased 0.2% to 24,137.60, and the mainland-focused CSI 300 index dropped 0.5% to 3,867.19. 

Galaxy Entertainment Group declined 2.2% to HK $33.10 after the Macau government ordered the closure of 11 satellite casinos. 

Residential home developers advanced on reports that Beijing policymakers are looking to issue housing loans using provident funds, offering an alternative to bank mortgages. 

Longfor Group Holdings gained 2% to HK $9.78, China Vanke increased 0.3% to HK $5.05, and China Overseas Land & Investment Ltd. added 1.7% to HK $13.54. 

Newtrend Group Holding Ltd. soared 21% to HK 23.750, and the food additives maker priced its initial public offering at HK $18.90 per share and raised HK $200.6 million in gross proceeds through the sale of 10.59 million shares. 

MetaLight declined 29% to HK 6.980, and the data analytics company priced its initial public offering at HK $9.75 per share and raised gross proceeds of HK $242.35 million through the sale of 24.9 million shares.

Rongta Technology (Xiamen) Group Ltd. soared 38% to HK $14.140, and the maker of printers and point-of-sale terminals priced its initial public offering at HK $10.0 per share. 

The company sold 18.4 million shares and raised gross proceeds of HK $184.0 million.