Alibaba Leads Hong Kong Market Gains Amid IPO-Driven Finance Hiring Surge

Key TakeawaysAlibaba Group (9988.HK) shares are poised to open 2% higher in Hong Kong as investors anticipate the company's latest earnings report.Hong Kong’s financial sector added 4,800 jobs in the 12 months ending September 2025, driven by a significant revival in the IPO market.Structural staff cuts persist at several investment banks despite the hiring surge, as firms remain focused on reining in costs in non-core divisions.Regulatory scrutiny is intensifying, with the Securities and Futures Commission ...