China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.

Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains.

HONG KONG -- The historic legislation for Basic Law Article 23, aimed at safeguarding national security and ensuring Hong Kong's stability and development, has topped a list of the ten most significant policies by the Hong Kong Special Administrative Region (HKSAR) government in 2024.

The Company makes available through the Investor Relations section of its internet website at http://ir.yumchina.com its filings with the HKEX as soon as reasonably practicable after electronically filing such materials with the HKEX. These filings may also be obtained by visiting the HKEX's website at http://www.hkex.com.hk.

The blue-chip CSI300 index was up 0.2% and the Shanghai Composite Index climbed 0.5% at the close, giving up most of its early gains

HONG KONG (Reuters) - Chinese battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one of the city's largest offerings in 2025, two people with knowledge of the deal said.

US President Donald Trump had threatened 60% tariffs on Chinese goods on his campaign trail.

Zijin Mining Group racked up record annual profit after a growth burst that made the Chinese firm as big as global commodities giant Glencore, although it has softened its output targets for this year.

U.S.-based Prolium Biosciences has now agreed to pay InnoCare and Keymed $17.5 million in upfront and near-term payments to develop and commercialize ICP-B02 as a cancer drug outside of China. Prolium also has the right to develop ICP-B02 in non-cancer indications globally, according to a filling with the Hong Kong Stock Exchange (PDF).

To promote business collaboration and bilateral cooperation between the Hong Kong Special Administrative Region (HKSAR) and Indonesia, Mr Paul Chan, Financial Secretary of the HKSAR, visited Indonesia from January 8 – 10.

Authorities will in the first half of this year call on insurers to invest at least 100 billion yuan ($13.75 billion) of long-term funds into stocks, China Securities Regulatory Commission head Wu Qing said at a press conference.