Long Stop Date to Be Extended as Full Conditions for Ant's Investment in BRIGHT SMART Remain Unmet
Stock Performance: BRIGHT SMART (01428.HK) experienced a decline of 4.48%, closing at $8.32 with a trading volume of approximately 11.59 million shares.
Offer Update: Wealthiness and Prosperity Holding Limited announced that the completion conditions for Ant's investment in BRIGHT SMART may not be met by the approaching Long Stop Date of November 25.
Potential Extension: The offeror is considering extending the Long Stop Date and is actively engaging with relevant authorities to fulfill the completion conditions.
Short Selling Activity: The stock has seen short selling amounting to $9.15 million, with a short selling ratio of 9.454%.
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Trading of BRIGHT SMART Shares Suspended
Trading Halt: Trading in BRIGHT SMART (01428.HK) shares has been halted as of 9:00 a.m. on the 16th.
Short Selling Data: The short selling amount was reported at $121.10 million with a ratio of 3.194%.
Impact on Structured Products: All structured products related to BRIGHT SMART will also be halted from trading simultaneously.
Market Delay: HK stocks quotes are delayed for at least 15 minutes, with short selling data last updated on March 13, 2026, at 16:25.
<Daily Summary> HSI Ends at 25,465, Decreasing by 251 Points; HSTI Finishes at 4,978, Down 49 Points; OOIL Falls Over 7%; CNOOC, CATL, CHINA RISUN GP, 160 HEALTH, and QINGSONG HEALTH Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 251 points (1.0%) to close at 25,465, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable stocks included Alibaba (BABA) and Tencent (TENCENT), which saw slight increases, while others like OOIL and MTR Corporation faced significant drops.
Short Selling Trends: Several companies experienced high short selling ratios, with MTR Corporation and BYD Electronic among those with the highest ratios, indicating bearish market sentiment.
Noteworthy Movers: Bright Smart saw a substantial increase of 33.96%, while companies like Deepexi Tech and Xunce faced significant declines, highlighting volatility in the market.
BRIGHT SMART Rises Over 30%; Market Anticipates CN Approval Developments for Ant Group's Acquisition Bid
Stock Performance: BRIGHT SMART (01428.HK) saw a significant increase in its stock price, rising 31.4% to HKD9.09, with a peak intraday price of HKD9.95 and a turnover of nearly HKD3.3 billion.
Acquisition Agreement: The company has signed a revised agreement with Ant Group, extending the acquisition offer deadline to March 25, with Ant Group having paid a deposit of approximately HKD164 million.
Regulatory Approval: The acquisition has received approval from the Hong Kong Securities and Futures Commission, and the market is now awaiting further progress on China's regulatory approval.
Short Selling Activity: There is notable short selling activity in BRIGHT SMART, with a total of $81.59 million and a short selling ratio of 4.025%.
Midday Update: HSI Ends at 25,593, Down 123 Points; HSTI at 5,007, Down 20 Points; MTR Corporation Falls Over 6%; CATL, CNOOC, CHINA RISUN GP, 160 HEALTH, and SWIRE PACIFIC Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 123 points (0.5%) to 25,593, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable stocks like Alibaba and Tencent saw slight increases, with Alibaba closing at $133.6 (up 1.5%) and Tencent at $552.5 (up 1.1%), while other heavyweights like HSBC and MTR Corporation faced significant declines.
Top Gainers and Losers: Bright Smart surged by 37.6% to $9.52, while DeepExi Tech dropped by 24.4% to $52.8, highlighting the volatility in smaller stocks.
Short Selling Trends: High short selling ratios were observed across various stocks, with MTR Corporation and Xinyi Glass showing particularly high ratios, indicating bearish sentiment among investors.
BANK OF E ASIA and MONTAGE TECH Included in Southbound Stock Connect; SHUI ON LAND and SUNAC SERVICES Excluded
Changes to Southbound Stock Connect: The Shenzhen Stock Exchange has updated the list of securities eligible for Southbound Stock Connect, effective today, adding several new stocks including BANK OF E ASIA and GOFINTECH QUANT.
New Additions: Other notable additions to the list include WUXI LEAD, CTF SERVICES, and DEEPEXI TECH, among others, with varying short selling ratios and price changes.
Removals from the List: Several stocks have been removed from the Southbound Stock Connect list, including SHUI ON LAND and PAX GLOBAL, which also show significant short selling activity.
Market Impact: The adjustments reflect ongoing market dynamics, with some stocks experiencing notable price fluctuations and short selling ratios, indicating investor sentiment and trading strategies.
HK-listed Stablecoin Stocks Surge This Morning Following China's Ban on Overseas Issuance of RMB-pegged Stablecoins
Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.
Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.
Trading of BRIGHT SMART Shares Suspended
Trading Halt: Trading in BRIGHT SMART (01428.HK) shares has been halted as of 9:00 a.m. on the 16th.
Short Selling Data: The short selling amount was reported at $121.10 million with a ratio of 3.194%.
Impact on Structured Products: All structured products related to BRIGHT SMART will also be halted from trading simultaneously.
Market Delay: HK stocks quotes are delayed for at least 15 minutes, with short selling data last updated on March 13, 2026, at 16:25.
<Daily Summary> HSI Ends at 25,465, Decreasing by 251 Points; HSTI Finishes at 4,978, Down 49 Points; OOIL Falls Over 7%; CNOOC, CATL, CHINA RISUN GP, 160 HEALTH, and QINGSONG HEALTH Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) fell by 251 points (1.0%) to close at 25,465, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable stocks included Alibaba (BABA) and Tencent (TENCENT), which saw slight increases, while others like OOIL and MTR Corporation faced significant drops.
Short Selling Trends: Several companies experienced high short selling ratios, with MTR Corporation and BYD Electronic among those with the highest ratios, indicating bearish market sentiment.
Noteworthy Movers: Bright Smart saw a substantial increase of 33.96%, while companies like Deepexi Tech and Xunce faced significant declines, highlighting volatility in the market.
BRIGHT SMART Rises Over 30%; Market Anticipates CN Approval Developments for Ant Group's Acquisition Bid
Stock Performance: BRIGHT SMART (01428.HK) saw a significant increase in its stock price, rising 31.4% to HKD9.09, with a peak intraday price of HKD9.95 and a turnover of nearly HKD3.3 billion.
Acquisition Agreement: The company has signed a revised agreement with Ant Group, extending the acquisition offer deadline to March 25, with Ant Group having paid a deposit of approximately HKD164 million.
Regulatory Approval: The acquisition has received approval from the Hong Kong Securities and Futures Commission, and the market is now awaiting further progress on China's regulatory approval.
Short Selling Activity: There is notable short selling activity in BRIGHT SMART, with a total of $81.59 million and a short selling ratio of 4.025%.
Midday Update: HSI Ends at 25,593, Down 123 Points; HSTI at 5,007, Down 20 Points; MTR Corporation Falls Over 6%; CATL, CNOOC, CHINA RISUN GP, 160 HEALTH, and SWIRE PACIFIC Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 123 points (0.5%) to 25,593, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Notable stocks like Alibaba and Tencent saw slight increases, with Alibaba closing at $133.6 (up 1.5%) and Tencent at $552.5 (up 1.1%), while other heavyweights like HSBC and MTR Corporation faced significant declines.
Top Gainers and Losers: Bright Smart surged by 37.6% to $9.52, while DeepExi Tech dropped by 24.4% to $52.8, highlighting the volatility in smaller stocks.
Short Selling Trends: High short selling ratios were observed across various stocks, with MTR Corporation and Xinyi Glass showing particularly high ratios, indicating bearish sentiment among investors.
BANK OF E ASIA and MONTAGE TECH Included in Southbound Stock Connect; SHUI ON LAND and SUNAC SERVICES Excluded
Changes to Southbound Stock Connect: The Shenzhen Stock Exchange has updated the list of securities eligible for Southbound Stock Connect, effective today, adding several new stocks including BANK OF E ASIA and GOFINTECH QUANT.
New Additions: Other notable additions to the list include WUXI LEAD, CTF SERVICES, and DEEPEXI TECH, among others, with varying short selling ratios and price changes.
Removals from the List: Several stocks have been removed from the Southbound Stock Connect list, including SHUI ON LAND and PAX GLOBAL, which also show significant short selling activity.
Market Impact: The adjustments reflect ongoing market dynamics, with some stocks experiencing notable price fluctuations and short selling ratios, indicating investor sentiment and trading strategies.
HK-listed Stablecoin Stocks Surge This Morning Following China's Ban on Overseas Issuance of RMB-pegged Stablecoins
Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.
Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.
