- Tencent Music Entertainment Group announced a proposed public offering of senior unsecured notes.
- The net proceeds are intended for general corporate purposes, including refinancing offshore indebtedness and share repurchases.
- The notes are registered under the U.S. Securities Act of 1933 and are expected to be listed on The Stock Exchange of Hong Kong Limited.
- Hong Kong Exchanges and Clearing will add 10 companies, including Pony AI and WeRide, to its Tech 100 Index on September 14 as part of a quarterly reshuffle targeting AI and emerging technologies.
- The revision follows an overhaul of the index methodology to broaden exposure to the AI value chain and address criticism that existing benchmarks lag behind new Chinese AI firms.
- A total of 14 constituents, such as Alibaba Health and JD Health, will be removed during this index update.
- HKEX announced the results of the September quarterly review for the HKEX Tech 100 Index using an optimized compilation methodology.
- The index will add 10 constituent stocks including WERIDE - W, PONY - W, and INSILICO, while removing 14 stocks such as CHINA LIT and JD HEALTH.
- All constituent changes will be implemented after market close on September 11 and take effect on September 14.