The Hong Kong Monetary Authority (HKMA) announced that the Monetary Authority has granted stablecoin issuer licences under the Stablecoins Ordinance to Anchorpoint Financial and HSBC for issuing stablecoins in Hong Kong. The licences take effect today.

Anchorpoint Financial is a joint venture established by Standard Chartered Bank, Animoca Brands and HKT-SS (06823.HK). According to the licensees' business plans, they intend to complete the necessary preparation work and launch business in the coming few months.

The Chief Executive of the HKMA, Eddie Yue, said that the granting of stablecoin issuer licences is an important milestone for the development of digital assets in Hong Kong.

The regulatory regime provides an orderly operating environment for stablecoin issuers to apply innovative technologies while ensuring robust user protection and effective risk management, which will foster the development of a healthy, responsible, and sustainable stablecoin ecosystem.

HSBC stated that it plans to use this newly obtained license to launch a HKD stablecoin in 2H26. The stablecoin issued by HSBC will be fully backed at all times by high-quality liquid reserve assets held in separate accounts, and will comply with the highest standards of financial crime compliance, reflecting HSBC’s commitment to ensuring the security and soundness of digital assets and currencies.
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For March 2026, the pre-sales value of KWG GROUP (01813.HK) and its joint ventures and associates amounted to RMB352 million, representing a YoY decrease of 56.1%, as announced by KWG GROUP. The pre-sales area amounted to approx. 14,500 square meters, down 42.9% YoY.
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OOIL (00316.HK) announced that for 1Q ended March 2026, its liner revenue decreased by 7.6% YoY to USD2.138 billion. Total liftings and the loadable capacity increased by 1.7% and 4.3%, respsectively. The overall load factor dropped by 2.1% YoY. Overall average liner revenue per TEU fell by 9.1% YoY.
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In view of the ongoing situation in the Middle East, all CATHAY PAC AIR (00293.HK)'s flights to and from Dubai and Riyadh have been cancelled up to and including 30 June, as announced by CATHAY PAC AIR.

CATHAY PAC AIR's ticket waiver policy is in place to provide additional choice and flexibility. Customers booked to travel between Hong Kong and Dubai or Riyadh up to 31 July may rebook, reroute or refund their tickets without the usual fees. The Company is monitoring the situation closely and will remain agile in its response.
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The Finance Committee of Legislative Council convened a special meeting today (10th) and approved the government's funding application of HKD1.8 billion for a two-month diesel subsidy scheme.

The relief measures include a subsidy of HKD3/ litre of diesel to support public or commercial vehicles, vessels and related industries using diesel as fuel, with estimated expenditure of approximately HKD1.8 billion.

In addition, government tunnel tolls for commercial vehicles will be axed by 50%, resulting in an estimated revenue reduction of about HKD160 million. Both measures will remain in effect for two months.

The government stated that it is finalizing implementation details with fuel companies. Subject to approval by the Finance Committee, it will strive to launch the subsidy before the end of April, with the Environment Bureau to separately announce the operational arrangements of the subsidy.
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At close, HSI rose 141 pts or 0.5% to 25,893. HSTI rose 38 pts or 0.8% to 4,860. HSCEI gained 43 pts or 0.5% to 8,655. Market turnover reached $246.32 billion.

Active Heavyweights:
BABA (09988.HK) closed at $125.5, up 2.1%
XIAOMI (01810.HK) closed at $30.9, down 1.5%
TENCENT (00700.HK) closed at $504.5, down 0.8%
MEITUAN (03690.HK) closed at $87.6, down 0.5%

HSI & HSCEI Constituents on Move:
CATL (03750.HK) closed at $681.5, up 9%
SMIC (00981.HK) closed at $58.25, up 4.6%
WH GROUP (00288.HK) closed at $10.83, up 3.7%, hitting new high
LONGFOR (00960.HK) closed at $7.68, up 3.4%
TINGYI (00322.HK) closed at $12.99, down 3.3%
BYD COMPANY (01211.HK) closed at $105.1, up 3.2%
LI AUTO (02015.HK) closed at $74.2, up 3.2%
CHINA LIFE (02628.HK) closed at $27.16, up 3.2%
GEELY AUTO (00175.HK) closed at $24.98, up 2.5%, hitting new high

HSMI & HSSI Constituents on Move:
DEEPEXI TECH (01384.HK) closed at $44.6, up 48.8%
GUOTAI JUNAN I (01788.HK) closed at $3.09, up 27.7%
BAO PHARMA-B (02659.HK) closed at $99.55, down 13.4%
GUOXIA TECH (02655.HK) closed at $50.55, down 11.1%
CALB (03931.HK) closed at $37.22, up 8.2%, hitting new high
XUNCE (03317.HK) closed at $310, up 7.6%, hitting new high
ANGELALIGN (06699.HK) closed at $82.75, up 1%, hitting new high
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The HSI last printed at 25,881, up 129 points or 0.5%, with turnover of HKD150.1 billion. The Hong Kong Monetary Authority will hold a technical briefing on stablecoin issuers at 5pm today (10th), and the licensed stablecoin issuers will meet the media.

Benefiting from the market's favor toward financial stocks expected to receive the first batch of licenses, GUOTAI JUNAN I (01788.HK) surged to a peak of HKD3.54 after midday. It last traded at HKD3.51, up 45.04%, with a volume soaring to 751 million shares, involving HKD2.327 billion.

YUNFENG FIN (00376.HK) was last at HKD3.37, up 17.83%, with a volume of 15.7131 million shares, involving HKD49.3424 million. BRIGHT SMART (01428.HK) and CMSC (06099.HK) rose by about 5-6%. Licensed cryptocurrency trading platforms OSL GROUP (00863.HK) and HASHKEY HLDGS (03887.HK) leaped by 4.9-6.8%.

Market rumors also said at least two note-issuing banks, likely HSBC and Standard Chartered, are among institutions set to receive the first batch of stablecoin issuer licenses. HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) last grew by 0.7% and 1.6%, respectively.
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At midday close, HSI rose 155 pts or 0.6% to 25,907. HSTI rose 51 pts or 1.1% to 4,873. HSCEI gained 52 pts or 0.6% to 8,664.

Active Heavyweights:
BABA (09988.HK) closed at $126.4, up 2.8%
MEITUAN (03690.HK) closed at $88.8, up 0.9%
TENCENT (00700.HK) closed at $505, down 0.7%
XIAOMI (01810.HK) closed at $31.24, down 0.4%

HSI & HSCEI Constituents on Move:
LI AUTO (02015.HK) closed at $74.9, up 4.2%
SMIC (00981.HK) closed at $57.65, up 3.5%
CATL (03750.HK) closed at $647, up 3.5%
CHINA LIFE (02628.HK) closed at $27.22, up 3.4%
TINGYI (00322.HK) closed at $12.98, down 3.4%
HORIZONROBOT-W (09660.HK) closed at $7.22, up 3.3%
LAOPU GOLD (06181.HK) closed at $666, up 3.2%
LONGFOR (00960.HK) closed at $7.66, up 3.1%

HSMI & HSSI Constituents on Move:
DEEPEXI TECH (01384.HK) closed at $45.5, up 51.8%
BUTONG GROUP (06090.HK) closed at $40, up 14.9%
BAO PHARMA-B (02659.HK) closed at $98.45, down 14.4%
CITIC SEC (06030.HK) closed at $27.36, up 10.1%
XUNCE (03317.HK) closed at $292.8, up 1.7%, hitting new high
ANGELALIGN (06699.HK) closed at $82.8, up 1%, hitting new high
CHINARES PHARMA (03320.HK) closed at $6.35, up 0.8%, hitting new high
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The Hong Kong Monetary Authority (HKMA) announced that it will hold a technical briefing on stablecoin issuers at 5pm today (10th). The briefing will be hosted by HKMA Deputy Chief Executive Darryl Chan, and others. Licensed stablecoin issuers will subsequently meet the media.

The first batch of stablecoin licensees was not announced as scheduled in March. An HKMA spokesperson had previously responded that the authority is making every ounce of effort to advance the licensing process and will make an announcement in due course.

At least two note-issuing banks, HSBC and Standard Chartered Bank, are purportedly among the first batch of institutions to be granted stablecoin issuer licenses.
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SSY GROUP (02005.HK) announced that it had obtained the approvals for drug production and registration for Multiple Electrolytes, Sodium Acetate and Glucose Injection and Metoclopramide Hydrochloride Injection from the National Medical Products Administration of China, both being under type 3 chemical drug and regarded as passing the consistency evaluation.

Multiple Electrolytes, Sodium Acetate and Glucose Injection is mainly used for replenishment and maintenance of water and electrolytes and for supplying energy when oral administration is impossible or insufficient.

Metoclopramide Hydrochloride Injection is an antiemetic drug which is mainly used for (i) vomiting caused by chemotherapy, radiotherapy, surgery, traumatic brain injury, post-traumatic brain injury, sea and air operations, and drugs; (ii) symptomatic treatment of nausea and vomiting symptoms in various diseases such as acute gastroenteritis, biliary tract and pancreatic diseases, and uremia; and (iii) pre-diagnostic duodenal intubation and barium X-ray examination of the gastrointestinal tract.
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HAIDILAO (06862.HK) announced that its controlling shareholder, executive Director, chairman of the Board and chief executive officer, Zhang Yong, intended to purchase additional shares of the Company with its internal funds on the open market, directly or through the entities controlled by him, to increase his shareholding in the Company within 12 months commencing from today (10th), with an amount no less than HKD100 million.

So far, Zhang, directly and indirectly through entities controlled by him, in aggregate holds 2.082 billion shares of the Company, representing approximately 37.36% of the issued shares of the Company.
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DEEPEXI TECH (01384.HK) opened 2.07% higher today and once peaked at HKD47 with a surge of 56.8%. It last traded at HKD44.6, up 48.77%, with a volume of 26.4442 million shares, involving HKD1.006 billion.

Guotai Haitong Securities released a report yesterday initiating coverage on DEEPEXI TECH with an Overweight rating and a target price of HKD61.1. The company is now focusing on providing enterprise-grade large-model AI application solutions.

Given that open-source foundational models are characterized as cost-effective, and demand for intelligent solutions in specific scenarios exists in the industry, DEEPEXI TECH's revenue is expected to enter a fast-growth track.
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HIBOR
Tenor | Latest rate | Change (vs. last trading day)
Overnight | 2.5803% | -1.97 bps
1-Week | 2.4% | -0.429 bps
1-Month | 2.24024% | -8.297 bps
3-Month | 2.4% | -2.798 bps
6-Month | 2.7% | NA
12-Month | 3.02845% | -2.012 bps

Source: HKAB As of: 2026-04-10 11:15
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Following yesterday's (9th) nosedive of 17.9%, WALNUT CAP (00905.HK) is extending its six-day losing streak today (10th). It once sank by 56.5% to a bottom of HKD0.3 in early trading, despite a tentative increase of 1.5% at open.

WALNUT CAP last traded at HKD0.33, down 52.17%, with an active turnover of 65.118 million shares, involving HKD30.2743 million.
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Since opening at 1 Queen's Road Central in 1865, HSBC has been rooted in Hong Kong for 161 years. The fourth-generation HSBC main building, which commenced operations in 1986, has become one of the most iconic landmarks on Hong Kong's skyline with its forward-looking design.

This year marks the 40th anniversary of the building's opening. To commemorate the occasion, HSBC specially invited world-renowned architect Norman Foster, who designed the fourth-generation main building, to return to Hong Kong to attend the 40th anniversary celebration.
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HSBC successfully upgraded a Sustainability Improvement Loan for Hong Kong-based beauty accessories supplier, Concept 4 Ltd, to a Sustainability-linked Loan, reflecting HSBC's diversified sustainable financing solutions that effectively support enterprises at different stages of development.

An HSBC Sustainability Improvement Loan is a facility which is linked to enterprises' sustainability rating. It is designed to help small and medium-sized businesses link the cost of financing to their sustainability performance, thereby potentially securing more favorable loan interest rates.
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Hong Kong stocks stabilized at open this morning (10th). The HSI opened 139 points or 0.5% higher at 25,891. The HSCEI opened 43 points or 0.5% higher at 8,655. The HSTECH opened 22 points or 0.5% higher at 4,844.

Chip stock HUA HONG SEMI (01347.HK) mounted 3.5%, while SMIC (00981.HK) jumped up 2.3%. AI stock KNOWLEDGE ATLAS (02513.HK) elevated 3.1%, while MINIMAX-W (00100.HK) ballooned 2.4%.

Gold miner ZIJIN MINING (02899.HK) climbed 1.6%, while LINGBAO GOLD (03330.HK) mushroomed 3.3%. Chinese airlines CHINA SOUTH AIR (01055.HK), CHINA EAST AIR (00670.HK) and AIR CHINA (00753.HK) advanced 1.2-2.4%.

Automaker XIAOMI-W (01810.HK) lifted 0.2%, while XPENG-W (09868.HK) and BYD COMPANY (01211.HK) picked up 0.7%. NIO-SW (09866.HK) announced a starting pre-sale price of RMB528,000 for its ES9, with the official launch set for late May, but its stock price plummeted 6.8%. Morgan Stanley noted that NIO-SW’s share price has risen 36% over the past month, with profit-taking pressure in the near term following the Company's release of the ES9.
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SpaceX, which is soon to go listing, is expected to have generated revenue of more than USD18.5 billion in 2025, while recording a loss of nearly USD5 billion, The Information reported, citing people with the knowledge of the matter.

The reported loss already includes the impact of its acquisition of xAI.
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The Hong Kong Monetary Authority has announced the relevant per annum interest rate for the third interest payment of Silver Bond Series due 2027 issued under the Retail Bond Issuance Program of the Government Bond Program.

The interest rate for the third interest payment is determined as 4% per annum.
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BRIGHT SMART (01428.HK) announced that, with effect from 9 April 2026, Yip Mow Lum, an executive Director, ceased to be the chairman of the Board; and Huang Hao, a non-executive Director, was appointed as the chairman of the Board.

Zheng Yanlan, an executive Director, was appointed as the chief executive officer of the Company with effect from 9 April 2026.
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