HSI rises 124 points; IPO Liu Liu Mei surges nearly twofold on debut
Today's briefing covers Hong Kong stock market performance, bank fraud alerts, and the latest government updates on artificial intelligence development and high-level appointments.
The Hong Kong stock market saw little movement today, with the Hang Seng Index edging up 124 points to close at 24,842, on a daily turnover of less than HK$300 billion. Despite the quiet broader market, the IPO market was exceptionally active. Snack brand "Liu Liu Mei" (stock code: 06658) made its debut today, with its share price performing strongly to close at HK$128, 1.94 times higher than its offer price of HK$43.58. Excluding transaction fees, investors gained HK$8,442 per lot.
Regarding financial security, the Hong Kong Monetary Authority (HKMA) and Hong Kong Interbank Clearing Limited (HKICL) issued an urgent appeal warning the public about fraudulent websites. HKICL discovered a website impersonating its official page, while the HKMA also reminded the public to stay alert to fraudulent websites and online banking scams reported by several banks, urging vigilance during online transactions.
On government policy and development, Secretary for Innovation, Technology and Industry Professor Sun Dong attended a Legislative Council meeting today to speak on the development of artificial intelligence and robotics in Hong Kong. Additionally, the government announced a new appointment: former Commissioner for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area, Ms Maisie Chan, will take up a new post in July 2026. Regarding information transparency, the government announced that over 15,000 requests for information under the Code on Access to Information were received in the first quarter of 2026.
In terms of food safety, in response to Japan's discharge of Fukushima nuclear wastewater, the Food and Environmental Hygiene Department continues to enforce the Food Safety Order, banning the import of aquatic products from 10 Japanese prefectures. It also publishes daily radiation test results for imported Japanese food to protect public health.
For more detailed information, please visit the news section of the app. You can also find full reports on today's Hong Kong Dollar Effective Exchange Rate Index movements, publication details of the latest Hong Kong Monthly Digest of Statistics, and statistics on government access to information requests.