Hong Kong Family Capital

Anthropic calls for a coordinated pause in AI development across the US and China. The company says a real halt requires verifiable rules and simultaneous agreement from major players.

Yip In Tsoi Group, the century-old Thai conglomerate that built its reputation on trust and stability, is now betting its future on agility.

FJD Inc. has applied for a Hong Kong listing. The robotics firm serves agriculture, construction and property management. Revenue grew 29.8% to RMB 740 million in 2025.

Large model concept stocks plunged, with MINIMAX sinking 16% and Zhipu AI falling 9%. Semiconductor and memory sectors weakened, dragging Hua Hong, SMIC, and Montage Technology down 7-9%.

Hong Kong's three major indices fell on June 5, with the Hang Seng Index closing 1.15% lower at 24,961.95. Tech stocks led declines, while mainland bank stocks gained.

The People's Bank of China is seeking public feedback on new deposit and loan interest rate rules. The draft removes the 30%-50% penalty on overdue loan interest.

Industrial Bank has raised 40 billion yuan through a 10-year subordinated capital bond issuance in the interbank market. The second tranche of 2026 bonds was completed on June 5.

Alibaba Group Holding chief technology officer (CTO) Wu Zeming has joined the company’s elite steering committee, joining co-founders Jack Ma and Joe Tsai in playing a central role in formulating the tech empire’s strategy.

SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), expects to maintain single-digit loan growth for its Gen 2 businesses under a cautious strategy despite their strong growth potential.

The ByteDance co-founder's net worth has climbed to $118.7 billion.