ZhiXiang Bio and ForBee Pet filed listing applications with the Hong Kong Stock Exchange; MGR passes HKEX hearing | HKEX Morning Brief

| Wednesday, June 3, 2026 |

NO.1 ZhiXiang Bio and Fubei Pet have filed listing applications with HKEX

According to disclosures from HKEX on June 1, ZhiXiang Bio (Suzhou) Co., Ltd. (hereinafter “ZhiXiang Bio”) and Shanghai Fubei Pet Products Co., Ltd. (hereinafter “Fubei Pet”) have submitted applications for listing on the Main Board of HKEX. ZhiXiang Bio is a production-driven, full-lifecycle CDMO (Contract Development and Manufacturing Organization) focused on the research, development, and manufacturing of biologics. Fubei Pet is one of China’s leading pet food manufacturers.

Comment:Hong Kong-listed equities continue to attract leaders in niche segments, helping real-economy enterprises access offshore capital and broaden financing channels.

No. 2 MGR has passed HKEX’s listing hearing

According to disclosures from HKEX on June 1, PT Merdeka Gold Resources Tbk (hereinafter “MGR”) has passed the listing hearing for the Main Board of HKEX, with UBS Group and CITIC Securities acting as joint sponsors. MGR is a gold mining company listed on the Indonesia Stock Exchange and ranks among Asia’s top pure-play gold producers.

Comment:As a leading Indonesian gold miner, MGR leverages its large-scale domestic gold reserves and low-cost mining advantages, backed by local capital groups. Its Hong Kong listing will enhance the resource sector’s representation on HKEX.

No. 3 HKEX signs memorandum of understanding with Astana International Financial Centre and Astana International Exchange

On June 2, HKEX announced it had signed a memorandum of understanding with the Astana International Financial Centre Authority (AIFC) and its subsidiary, the Astana International Exchange (AIX), to strengthen collaboration and enhance capital market connectivity. The AIFC, established in 2018, serves as Kazakhstan’s international financial hub and a gateway for capital flows into Central Asia, the Caucasus, and the Eurasian Economic Union. AIX operates under AIFC’s regulatory framework and has attracted increasing participation from international investors.

Comment:This move could open a channel connecting Central Asian resources with international capital, further solidifying Hong Kong's position as a financial hub.

No. 4 Alibaba officially launches Qwen3.7-Plus

On June 2, Alibaba Group (HKEX: 09988) officially launched Qwen3.7-Plus through its Qwen division—a multimodal model that unifies vision and language into a single intelligent agent foundation. Building on the strong text capabilities of Qwen3.7, Qwen3.7-Plus significantly enhances vision-language integration while maintaining full agent capabilities in coding, tool usage, and productivity workflows.

Comment:Alibaba’s Qwen has introduced Qwen3.7-Plus, an integrated multimodal foundation model that unifies vision, code, and agent capabilities, enabling end-to-end software development and cross-scenario automation.

No. 5Hong Kong stock market update:

Disclaimer: The content and data provided in this article are for reference only and do not constitute investment advice. Verify before use. Any actions taken based on this information are at your own risk.

305K Views