Published on 09/23/2025 at 05:02 am EDT
MT Newswires -Hong Kong stocks continued their downward slide Tuesday as Chinese regulators asked brokerages to halt real-world asset tokenization operations in the city and China's central bank struck a cautious tone on the path forward.
The Hang Seng Index fell 185.02 points, or 0.70%, to 26,159.12, while the Hang Seng China Enterprises Index declined 80.39 points, or 0.86%, to 9,290.34.
The China Securities Regulatory Commission has reportedly asked a number of the country's brokerages to pause their real-world asset tokenization business in Hong Kong, citing risk factors.
According to Reuters, Beijing's guidance is aimed toward boosting risk management by ensuring claims made by businesses are backed by legitimate businesses
Meanwhile, People's Bank of China governor Pan Gongsheng said the central bank would assess microeconomic changes to chart a path forward but did not announce any immediate policy changes during a high-level briefing on Monday, the South China Morning Post reported.
In corporate news, Butong Groupmade a stellar debut in Hong Kong. The BeBeBus brand designer and seller closed at HK$102.50 per share, compared with the IPO price of HK$71.20.
Elsewhere, Royale Homeagreed to sell its entire stake in Science City (Guangzhou) Finance and Leasing for 416.8 million yuan to controlling shareholder Science City.
It also agreed to sell the entirety of its stake in Guangdong Hengcheng Furniture to a Science City unit.
Shares fell over 10%.
Sumber : MT Newswires
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