Core Insights - FWD Group successfully listed on the Hong Kong Stock Exchange on July 7, attracting significant market attention due to its strong IPO performance [1][4] - The IPO involved a global offering of 91.34 million shares priced at HKD 38.00 each, raising approximately HKD 3.471 billion, with net proceeds of about HKD 2.953 billion [1] - The subscription rates were notably high, with the public offering oversubscribed by 37.13 times and the international offering by 2.32 times, indicating strong investor confidence in the company's growth prospects [1] Company Overview - FWD Group has attracted cornerstone investments from two major institutions, Mubadala Capital and T&D Holdings, collectively subscribing to approximately USD 250 million (around HKD 1.95 billion) of the offering, representing 56.2% of the global offering shares [3] - The cornerstone investment reflects the strong backing and positive outlook from international capital players, underscoring FWD Group's significance in the global market [3] - Since its inception in 2013, FWD Group has expanded rapidly, now serving over 30 million customers across 10 markets in Asia, including Hong Kong, Macau, Japan, and Southeast Asia, driven by both organic growth and acquisitions [3] Future Prospects - The successful IPO marks a significant milestone for FWD Group and is seen as a highlight for its founder, Li Ka-shing, within his broader business empire [4] - With substantial capital raised and global investor support, FWD Group is poised to make a significant impact in the insurance sector, potentially delivering substantial returns for investors and establishing itself as a prominent player in the Hong Kong stock market [4]

2025 年 7 月 7 日，富卫集团(01828)在港交所正式挂牌上市，这一重要时刻不仅是富卫集团发展史上的 里程碑，也为香港资本市场注入了新活力。富卫集团的成功上市，是其十余年在泛亚保险市场深耕细作 的成果，标志着这家由李泽楷打造的保险巨头迈入全新发展阶段。 富卫集团此次上市发行价为 38 港元 / 股，开盘总市值达 480.44 亿港元。市场认购热情高涨，公开发售 部分获 37 倍超购，国际市场也反响积极。两大基石投资者实力雄厚，阿布扎比的穆巴达拉资本认购 1.5 亿美元，日本的 T&D Holdings 认购 1 亿美元，合计认购约 19.5 亿港元，占总发售股份的 56.2%，充分 彰显了资本市场对富卫集团的认可。 回溯富卫集团的发展轨迹，其成长离不开大胆的并购与精准的布局。2013 年，李泽楷斥资 21.4 亿美元 收购荷兰国际集团在港澳及泰国的保险业务，为富卫集团奠定根基。此后，富卫集团开启了迅猛的扩张 之路，2015 年收购印尼相关保险业务，2016 年将越南大东方人寿纳入麾下，2019 年拿下泰国汇商银行 人寿，十余年间完成十多起并购，业务版图从 3 个市场扩展到 10 个，覆盖港澳、日本及 ...

富卫集团 从经营表现看，富卫集团近年来盈利能力显著改善，2024年税后净利润达2400万美元，扭转此前亏损局 面，营运利润同比增长28.6%至4.63亿美元，合约服务边际(CSM)同比增长30.5%，2025年一季度新业务 价值再增31.9%，数字化转型与高增长市场的深耕为其注入强劲动能。此次登陆港股，既是对其过去十 年在亚洲市场扩张成果的检验，也为其未来通过资本赋能加速业务拓展、巩固差异化竞争优势提供了新 起点。在未来，富卫集团将在亚洲保险市场的新竞争格局中，持续在成长速度与盈利质量之间找到更好 平衡，以科技驱动的创新模式继续探索增长空间。 分时图 日K线 周K线 月K线 38.00 -0.40 -1.04% 1.04% 0.70% 0.34% 0.00% 0.34% 0.70% 1.04% 38.00 38.13 38.27 38.40 38.53 38.67 38.80 09:30 10:30 12:00/13:00 14:00 16:10 0 7万 15万 22万 作为亚洲领先的数字化保险公司，富卫集团在泛亚地区保险市场占据重要地位，业务覆盖中国香港(及 澳门)、泰国、日本等十大高增长市场，是区域内不 ...

NO.1 "碳捕集第一股"首钢朗泽再次启动招股 7月7日，首钢朗泽（HK02553）刊发了补充招股章程。公司定于7月7日至10日招股，拟全球发售2015.98万股H股，每股发售价14.50~18.88港 元，预期于7月15日正式挂牌上市。日前，首钢朗泽因涉诉推迟了上市时间。 点评：首钢朗泽发布补充招股章程，修订及补充内容包含额外资料、更新上市时间表等，此举显示了公司透明度，有利于增强市场信心。不 过，此次法律纠纷可能影响投资者对公司治理和未来潜在法律风险的评估。 NO.2富卫集团上市首日微涨1.05% 7月7日，李嘉诚次子李泽楷创立的富卫集团（HK01828，股价38.40港元）正式登陆港交所主板。李泽楷出席了上市仪式，但并未敲锣。上市 首日，富卫集团股价平开，一度走跌后又缓慢回升，截至收盘仅微涨1.05%。富卫集团每股定价38港元，共发行9134.21万股股份，每手100 股。 点评：富卫集团的上市首日表现可能受到市场对其业务模式和成长潜力的初步评估影响。市场表现平稳，未出现大幅波动，反映出投资者对 保险科技行业前景的谨慎态度。 点评：这些财务数据反映出汇景控股面临严峻的经营挑战，市场需密切关注其财务状况及 ...

7月7日，李嘉诚次子李泽楷创立的富卫集团（HK01828，股价38.40港元，市值488亿港元）正式登陆港 交所主板。李泽楷出席了上市仪式，但并未敲锣。 富卫集团每股定价38港元，共发行9134.21万股股份，每手100股，所得款项净额约29.53亿港元。 上市首日，富卫集团股价平开，一度走跌后又缓慢回升。截至当日收盘，富卫集团股价微涨1.05%，报 38.40港元/股。 《每日经济新闻》记者在上市仪式现场看到，现年73岁的富卫集团主席兼独立非执行董事马时亨负责致 辞环节，他还担任香港贸易发展局主席。随后，马时亨和现年59岁的富卫集团行政总裁兼执行董事黄清 风一起敲响了港交所的铜锣。 值得注意的是，富卫集团此次IPO共引入两位基石投资者，均为国际资本，包括中东阿布扎比主权基金 穆巴达拉投资公司旗下资管公司Mubadala Capital，认购金额达1.5亿美元；以及日本寿险公司T&D Holdings，认购金额达1亿美元。 收入起伏较大，三年总亏损超10亿美元 富卫集团主要提供人寿保险、健康保险、雇员福利和理财产品等多元化产品组合业务，产品涵盖分红人 寿、非分红人寿、危疾、定期人寿、医疗、附加保险、单位连结式 ...

Summary of Key Points Core Viewpoint - The Hong Kong Stock Exchange (HKEX) saw 11 companies submit applications for listing from June 30 to July 6, with no companies passing the listing hearing during this period. Additionally, 7 companies initiated their public offerings, and 5 new stocks were listed. Group 1: Companies Submitting Applications - Puxiang Health Holdings Limited is a leading provider of integrated medical and elderly care services in North China, ranking second in revenue among its peers and first in revenue growth from 2022 to 2024 [2] - Magnesium Health Technology Co., Ltd. focuses on innovative payment solutions for medical expenses, being the largest provider of innovative health insurance solutions in China by policy count [3] - Yangtuo Technology Inc. operates a trading and service platform for home care and nutrition products, holding a 10.1% market share in the low-tier market [4] - Xiamen Ruiwei Information Technology Co., Ltd. specializes in image intelligent analysis products and solutions, leveraging machine learning and computer vision technologies [5] - Zijin Gold International Limited is a leading global gold mining company, ranking ninth in gold reserves and eleventh in production as of 2024 [6] - EVE Energy Co., Ltd. is a leading lithium battery platform company, ranking first in China for consumer cylindrical battery shipments and second globally for energy storage battery shipments [7] - Zhejiang Yifei Intelligent Technology Co., Ltd. is a leading industrial robotics company in China, focusing on the light industry [8] - ChipMight Semiconductor Technology (Hangzhou) Co., Ltd. is a leading power semiconductor company, ranking second in the global OLED display PMIC market [9] - Beijing Tongrentang Medical Investment Co., Ltd. is the largest non-public Chinese medicine hospital group by outpatient and inpatient visits [11] - Shandong Linglong Tire Co., Ltd. is the largest OE tire manufacturer in China and the third largest globally [12] - Magnesium Holdings Limited is an innovative automotive technology company focused on AI-driven integrated domain control solutions [13] Group 2: Public Offerings and New Listings - Seven companies initiated their public offerings, including Anjii Foods, which had a subscription rate of 44.2 times for its public offering [14][15] - Other companies like Lens Technology and Fortior also initiated their public offerings with significant interest from cornerstone investors [16][19] - Five new stocks were listed, including Yunzhisheng, which saw a closing price increase of 44.59% on its first day [20][21][22][23] Group 3: Market Insights - The Hong Kong Stock Exchange raised over HKD 107 billion in the first half of 2025, with a 20% increase in the Hang Seng Index [24] - The biopharmaceutical sector has seen a resurgence, with 10 companies successfully listing in the first half of 2025, compared to only 12 for the entire previous year [25][26] - The total fundraising amount for the biopharmaceutical sector reached HKD 15.6 billion in the first half of 2025, indicating strong market interest [26][27]

智通财经APP获悉，美国对各国90天豁免期本周结束，市场持续关注美国关税谈判。港股三大指数今早 走低，恒科指午后实现翻红。截止收盘，恒生指数跌0.12%或28.23点，报23887.83点，全日成交额为 1937.9亿港元；恒生国企指数跌0.01%，报8608.54点；恒生科技指数涨0.25%，报5229.56点。 华西证券指出，现阶段恒生指数市盈率上升较快，有需要消化的空间。今年上半年累计涨幅偏大和机构 较为拥挤的港股资产未来容易出现进一步的回调，未来一段时间仍不建议无分化追高。港股市场中估值 偏低、基本面较好且贸易问题冲击较小的局部低位资产存在随着波动回调而带来的低吸的结构性机会。 蓝筹股表现 金沙中国(01928)领涨蓝筹。截至收盘，涨3.85%，报18.32港元，成交额6.43亿港元，贡献恒指2.58点。 澳门6月博彩收入同比增长19%至211亿澳门元，超出市场预期。大摩预期澳门7月博彩收入将达204亿澳 门元，同比增长10%，而今年全年博彩收入则达2380亿澳门元，同比增长5%。 其他蓝筹股方面，华润置地(01109)涨3.45%，报28.5港元，贡献恒指4.78点；理想汽车-W(02015 )涨 ...

Group 1 - FWD Group Holdings Limited successfully listed on the Hong Kong Stock Exchange on July 7, 2025, marking a significant milestone for the company [4] - The company, founded by Li Ka-shing 12 years ago, has expanded its operations from Hong Kong, Macau, and Thailand to 10 markets, serving over 30 million customers [4][6] - The IPO involved a global offering of 91.34 million shares, raising approximately HKD 3.471 billion, with a net amount of about HKD 2.953 billion [5] Group 2 - The IPO was oversubscribed, with the public offering receiving 37.13 times subscription and the international offering receiving 2.32 times [5] - Two cornerstone investors participated in the IPO, committing a total of approximately USD 250 million (around HKD 1.95 billion) [5] - Following the IPO, Li Ka-shing and his controlled entities hold approximately 66.45% of the shares [5] Group 3 - As of May 12, 2025, FWD Group has established a leading bancassurance platform in Southeast Asia with eight exclusive partners [6] - The company ranks sixth globally among multinational insurance companies in terms of the number of Million Dollar Round Table members as of 2024 [6] - The stock price reached HKD 38.40 with a total market capitalization of approximately HKD 48.807 billion by midday trading [7]

点击蓝字，关注我们 7月4日为美国独立日（Independence Day），美国股票市场休市一天。 今日上午港股 1.百胜中国 (09987) 涨超 3% ， 近日发布餐厅营运智能体 Q 睿 将设立创新基金转化营运需求为实际应 用。 6.腾讯音乐 - SW (01698) 涨近 3% ， 机构称近期收购计划将进一步增强公司整体内容供给。 7.吉宏股份 (02603) 涨超 7% ， 公司 A 股涨停 上半年归母净利同比预增逾 55%。 8.光伏股集体回落， 信义光能 (00968) 跌 4.86%，福莱特玻璃 (06865) 跌 3.88%，新特能源 (01799) 跌 3.19%，信义玻璃 (00868) 跌 2.64%。 9.快手 - W (01024) 涨超 3% ， 将启动直播大舞台百城计划 打造多方协同直播生态体系。 10.黄金股再度承压走低， 山东黄金 (01787) 跌 5.09%，中国黄金国际 (02099) 跌 3.44%，灵宝黄金 (03330) 跌 2.68%，赤峰黄金 (06693) 跌 2.33%。 11.中船防务 (00317) 逆市涨超 3% ， 中国船舶整合并购重组方案获通过 ...

Group 1 - FWD Group, a life insurance company founded by Li Zeqiang, experienced a weak debut in the dark market, with a drop of 6.6% and a share price of HKD 38, raising approximately HKD 29.534 billion in net proceeds from the global offering [1] - The market's mixed reception of FWD Group's valuation reflects short-term concerns despite its long-term growth potential backed by Li Zeqiang [1] Group 2 - Hong Kong Exchanges and Clearing announced the appointment of Fan Wenchao as Managing Director and Head of Fixed Income and Currency Products, and Ni Jiyue as Managing Director and Head of OTC Clearing Platform [2] - The new management aims to enhance the fixed income and currency product ecosystem and improve services to meet global investor needs, thereby promoting the long-term development of Hong Kong's fixed income market [2] Group 3 - Rongda Technology is facing a lawsuit from Xiamen Top Electronics for alleged trade secret infringement, with a claim for damages totaling 200 million yuan [3] - This legal challenge may pressure Rongda Technology's reputation and stock price, particularly as a newly listed company, impacting investor confidence [3] Group 4 - Yihai International announced that independent non-executive director Peng Long is under investigation for serious violations of discipline and law [4] - This situation poses a challenge to Yihai International's corporate image and may affect investor confidence, highlighting the importance of corporate governance and compliance [4] Group 5 - The Hang Seng Index closed at 23916.06, down 0.64%, while the Hang Seng Tech Index and the National Enterprises Index also saw declines of 0.33% and 0.45%, respectively [5]