Hong Kong - Solomon Grey Capital

Hong Kong

The Discipline Is Back: Hong Kong's IPO Window Reopened, and This Time the Buy Side Is Pricing Post-Listing Survival

Luxshare Precision raised HK$24.27 billion in Hong Kong last week and its shares fell as much as 9.6 percent on debut. Momenta debuted flat. MiniMax dropped 18 percent intraday when its lock-up expired. The Hong Kong IPO window is open again, but the pricing regime has quietly changed. Scarcity mult

Hong Kong harbor at dawn seen through an office tower window with amber sunrise light reflecting on polished marble — Solomon Grey Capital editorial illustration for the Hang Seng bear mar...

Asia Markets

Hong Kong's Worst Week in a Year: Why the Hang Seng's Bear Market Is About AI Plumbing, Not China Growth

The Hang Seng's 5.24% weekly drop and the HSCEI's slide to 22% off its January peak look like a China bear market on the surface. They aren't. The selling originated in leveraged Korean AI books and propagated through Asian time zones into the most liquid AI proxies in Hong Kong. The China story is

Hong Kong harbour skyline at dusk in soft fog with warm amber light pulse in the foreground

Research

Hong Kong's Comeback Quarter: Why the Mix Matters More Than the Number

HK$110bn raised in Q1 — six times last year. The consensus reads it as A+H momentum. We argue the change in mix, not the headline, is the durable story.

An empty schoolyard pickleball court with paddles and a yellow ball resting on a wooden bench in golden afternoon light

Guest Essay

Meeting the Spirit of Sport on the Pickleball Court

A Hong Kong school principal on how a signed pickleball paddle, a tape-marked playground court, and an inclusive game became a quiet lesson in perseverance.