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Express News | According to information from HKEX, Citigroup's shareholding in PICC P&C decreased from 8.08% to 7.92% on May 5.
Express News | According to information from HKEX, the shareholding ratio of Ping An Asset Management Co., Ltd. in China Construction Bank Corporation decreased from 5.01% to 4.99% on May 6, with an average share price of 6.4285 HKD.
Express News | According to information from HKEX, Deutsche Bank's shareholding ratio in Bilibili-W increased from 23.10% to 23.24% on May 6.
Hong Kong Market Quick Look | The three major indices show mixed results, with the Tech Index down 0.93%; Semiconductors stocks have pulled back, with Semiconductor Manufacturing International Corporation dropping nearly 5%; the Currency ETF has risen, wi
Network Technology stocks declined, with KUAISHOU-W falling by 2.35% and Alibaba-W rising by 1.73%; Hong Kong Retail Stocks rose, with PRADA increasing by 4.92% and CHOW TAI FOOK rising by 3.82%; Digital Health stocks declined, with JD HEALTH falling by 3.15% and ALI HEALTH dropping by 2.16%.
According to reports, some wealthy families in Asia are seeking to reduce their exposure to USA Assets.
According to Bloomberg, some of Asia's wealthiest families are reducing their exposure to USA Assets, believing that President Trump's tariff policies have made the US economy more unpredictable. The report states that about 10 family offices and advisors to ultra-wealthy individuals contacted indicated that they are reducing risk exposure or even freezing investments, mostly targeting US stocks and US bonds, due to rapid policy shifts, uncertainties, and recession risks. One family office managing the wealth of Chinese billionaires has completely exited its exposure to the USA and redirected funds toward Asia. The report also cites a senior executive from one of Europe's largest private banks stating that the recent sell-off by Global wealthy clients and Institutions is the largest in recent history.
HKEX Gets Regulatory Approval for Reappointment of Chairman