597 stories mentioning Hang Seng IndexUpdated 1d ago
In focus as Hong Kong sees IPO activity, with Kaifeng Millennium City Park filing and RedNote operator Xiaohongshu reportedly preparing a listing.
China is looking to raise up to 6 billion yuan in green sovereign bonds in Hong Kong starting on the week of May 25, the Finance Ministry said Wednesday.The ministry will issue specifics on the renminbi-denominated issuance prior to the launch.
Beijing-based robotic hand maker Linkerbot is considering going public in Hong Kong and has hired three banks, including HSBC, to work on the potential share sale that could take place this year, Bloomberg News reported Tuesday, citing people with knowledge of the matter.Other firms hired for the potential IPO include China Merchants Bank and Citic Securities, with plans to raise a few hundred million dollars, the report said.Deliberations are underway, and no final decision has been made yet, according to the news outlet.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Asian stock markets turned in a choppy Tuesday, as traders weighed evolving media reports regarding Persian Gulf hostilities and softer oil prices.Brent oil futures eased lower by 1.7%, to $110.22 a barrel, during Asian market hours.Hong Kong and Shanghai gained ground, while Tokyo finished in the red. Other regional exchanges were choppy.In Japan, the Nikkei 225 traded higher on a strong economic report, but finished off 0.4% as tech issues sagged, following softness in US peer issues.The benchmark Nikkei 225 fell 265.36 to 60,550.59, as losing issues outnumbered gainers 156 to 67.Leading the upside was video-game maker Konami, up 9.2%, while electronic-products maker Fujikura fell 17%.In economic news, Japan's Q1 gross domestic product (GDP) expanded by 0.5%, or at a 2.1% annual rate, reported the Cabinet Office.In Hong Kong, the Hang Seng Index opened evenly and gained in trading, closing up 0.5% as traders weighed Middle East outlooks and supported tech shares.The broad gauge Hang Seng rose 122.67 to 25,797.85, as gaining issues outnumbered losers 45 to 43. The Hang Seng TECH Index rose 0.3% on the day, while the Mainland Properties Index fell 0.5%.Leading the upside was state oil-giant CNOOC, gaining 3%, while Li Auto declined 4.3%.On the mainland, the Shanghai Composite rose 0.9% to 4,169.54.On the other regional exchanges, the S. Korean KOSPI fell 3.3%; the Taiwan TWSE declined 1.8%; the Australian ASX 200 inclined 1.2%; the Singapore Straits Times Index rose 1.5%, and the Thai Set declined 0.1%. In late trading in Mumbai, the Sensex was down 0.2%.The MSCI All Country Asia Pacific Index fell 0.6% on the day.
Hong Kong's seasonally adjusted unemployment rate stood at 3.7% for the February to April period, unchanged from January to March 2026, according to provisional figures released by the city's Census and Statistics department Tuesday.The underemployment rate decreased from 1.6% in January to March to 1.5% in February to April.Total employment decreased by around 7,700 from 3.66 million in January to March to 3.65 million in February to April. Over the same period, the labor force also decreased by around 5,200 from 3.79 million to 3.78 million.Hong Kong Secretary for Labour and Welfare Chris Sun said the city's government was monitoring "elevated geopolitical risks" and its potential impact on the labor market. Nonetheless, the city's "robust growth momentum" should render support to the labor force, Sun said.
Hong Kong shares rebounded on Tuesday as investors followed updates in the Middle East and Russian President Vladimir Putin's visit to China.The Hang Seng Index rose by 122.67 points, or 0.5%, to end at 25,797.85. The Hang Seng China Enterprises Index increased by 93.06 points, or 0.5%, to 8,639.96.U.S. President Donald Trump said that there was now a "very good chance" of reaching a nuclear deal with Iran as Tehran sent a peace proposal to Washington, sending oil prices lower, Reuters reported.Meanwhile, Putin will be in China from Tuesday to Wednesday for talks with Xi Jinping on economic cooperation and regional issues. Presidential aide Yuri Ushakov stated the trip is unrelated to Trump, Associated Press reported.In corporate news, shares of HSBC (HKG:0005) closed nearly 2% higher after the lender issued $1.50 billion of 6.750% perpetual convertible securities.
Asian stock markets sagged on Monday, as the Strait of Hormuz remained closed to oil-tanker traffic, and after Beijing released a slate of tempered economic reports.Brent crude futures traded up 0.9% to $110.29 a barrel during Asian trading hours.Hong Kong, Shanghai, and Tokyo finished in the red, while other regional exchanges were choppy.In Japan, the Nikkei 225 opened lower on Wall Street cues and could not recover, finishing off 0.9% as traders weighed rising petroleum prices, higher domestic inflation, and the outlook for rate hikes from the Bank of Japan.The benchmark Nikkei 225 fell 593.34 to 60,815.95, as losing issues outnumbered gainers 159 to 62.Leading the upside was medical device maker Terumo, up 18.6%, while department store chain Marui declined 8.5%, with both moves following earnings releases.In Hong Kong, the Hang Seng Index closed down 1.1% after Beijing issued a slate of downbeat economic reports. Real estate shares were pummeled.The broad gauge Hang Seng fell 287.55 to 25,675.18, as losing issues outnumbered gainers 77 to 11. The Hang Seng TECH Index lost 2% on the day, while the Mainland Properties Index fell 4.7%.Leading the upside was China Telecom, gaining 6%, while Li Auto declined 14.1%.On the mainland, the Shanghai Composite fell 0.1% to 4,131.53.In economic news, mainland China retail sales in April rose a scant 0.2% on year, reported the National Bureau of Statistics (NBS).The nation's industrial output rose 4.1% on-year in April, but slowed from the 5.7% gain logged in March, added the NBS.Fixed-asset investment declined 1.6% on year in the first four months of 2026, while house prices in the 70-city sample slipped 0.19% on-month in April, according to official figures.On the other regional exchanges, the S. Korean KOSPI rose 0.3%; the Taiwan TWSE declined 0.7%; the Australian ASX 200 declined 1.5%; the Singapore Straits Times Index rose 0.1%, and the Thai Set was steady. In late trading in Mumbai, the Sensex was up 0.1%The MSCI All Country Asia Pacific Index fell 0.7% on the day.
For this week in Asia, the economic calendar features a busy slate of macro releases across the region.The week begins with a slew of closely watched indicators from China, including industrial production and unemployment data.On Tuesday, markets turn to Japan's first-quarter GDP estimates and Malaysia's April inflation print.Wednesday features policy decisions in Indonesia and China, along with trade data from Taiwan.Thursday brings Japan's latest trade figures and Australia's closely watched labor market report. On Friday, Japan returns to the spotlight with its April inflation print.Here's what to watch in the week ahead.MONDAY, May 18The week kicked off with a flurry of macro releases from China.Industrial production: A 4.1% year-over-year expansion was recorded in April, sharply slowing from the 5.7% growth in March and way below expectations of a 5.9% rise.Retail sales: Growth decelerated to 0.2% year on year in April, versus 1.7% a month prior.Unemployment: The rate eased to 5.2% in April from 5.4% a month earlier.Meanwhile, prices of new residential properties in China's first-tier cities grew 0.1% month on month in April, decelerating from the 0.2% expansion in March.Chinese investments in real estate development fell 13.7% year on year to 2.397 trillion yuan between January and April.Outside China, Thailand reported that its gross domestic product grew at a faster rate of 2.8% in the first quarter of 2026 from 2.5% in the last three months of 2025.In Singapore, April trade showed a 24.5% year on year rise in non-oil domestic exports, extending the 15.3% increase in the previous month.Elsewhere, New Zealand's services sector showed a modest improvement in April but remained in contraction, with persistent cost pressures and global shipping disruptions continuing to weigh on sentiment, according to BusinessNZ.The BusinessNZ Performance of Services Index rose to 48.9 in April from 46.2 in March. A reading below the 50-point mark points to contraction.TUESDAY, May 19Markets will turn their attention to Japan's preliminary first-quarter GDP.Economists at ING said they expect the economy to grow at a similar rate as the previous quarter's 0.3% on a seasonally adjusted basis. "The war's impact on GDP should be minimal in 1Q26," the bank said in a preview.Meanwhile, Malaysia will disclose its April inflation print, with Trading Economics expecting prices to rise at a faster pace than the 1.7% year over year growth seen in March. According to the data platform, Malaysia's CPI could rise at a rate of 2.7%.In Australia, the Reserve Bank of Australia's meeting minutes will add color to the central bank's recent decision to increase the official cash rate by 25 basis points to 4.35%.CommBank said the minutes may provide more details on the board's discussion and how members were assessing the impact of the conflict around Iran.A consumer confidence report, due for release the same day, will capture sentiment over the most recent RBA rate hike and the ongoing conflict in the Middle East.Lastly, Hong Kong will report April unemployment stats on the same day.WEDNESDAY, May 20Bank Indonesia will meet for its monetary policy meeting and could raise rates by 25 basis points to 5% amid a depreciation of the local currency and a shift in expectations for Federal Reserve rate cuts, which bodes unfavorably for the Indonesian rupiah, ING forecasted.China will similarly set its one-year and five-year loan prime rates, with markets expecting no change in the prevailing rates of 3% and 3.5%, respectively.Trade data from Taiwan and Malaysia will be due.Taiwan is once again expected to show a "strong reading" when it releases April export orders data, with growth topping 54% year on year, ING said in a preview.The island nation started the year "quite strongly" amid external demand for its main high-tech products, which is expected to continue, according to the note.Meanwhile, Malaysia's trade surplus is expected to narrow to 10.5 billion ringgit from 24.6 billion ringgit in the month prior, Trading Economics forecasted.The Reuters Tankan Index for May, a key gauge of Japanese business confidence, will be due the same day.THURSDAY, May 21Japan will release several economic indicators on Thursday, including April trade data and March machinery orders.The country is expected to report a trade deficit of 29.7 billion yen for the month, reversing from a surplus of 667 billion yen in March, according to a Trading Economics consensus.New Zealand will similarly report its April trade balance, with analysts forecasting a trade surplus of around NZ$840 million, according to a Trading Economics consensus.Neighboring Australia will report labor data for April. Westpac expects unemployment to remain at 4.3%.Elsewhere, Hong Kong will report April inflation data while Macau will disclose first-quarter retail sales stats. In South Korea, the April producer price inflation data will be due.On the activity front, S&P Global will release flash purchasing managers' index reports covering May manufacturing, services, and composite activity in India, Australia and Japan.FRIDAY, May 22Japan's April inflation print will capture headlines on Friday, giving markets a look into how the energy shock from the Middle East conflict is impacting the economy.Economists at ING said energy effects may have a limited impact on growth but a greater impact on inflation, which is expected to clock in at 1.8% year on year in April -- up from 1.5% in March."Higher energy costs are expected to increase overall inflation. The impact, though, will likely be still less significant than that observed in other Asian and developed countries," ING said in a note.Inflation data will also be due in Macau.Meanwhile, Taiwan could see a marginal drop in its unemployment when it releases April labor stats. According to Trading Economics, Taiwan's jobless rate could go down to 3.3% from 3.35%.New Zealand is expected to see a "muted" rise in real retail sales when reporting its Q1 data, Westpac said in a preview. The bank expects a rise of 0.2% for the first three months of the year, versus the 0.9% growth recorded in the previous quarter. "The latter part of March saw fuel prices rising sharply, and that has been a drag on spending," Westpac said.Lastly, South Korea will release a report capturing consumer confidence for May. ING said it expects consumer sentiment to deteriorate further amid inflation hikes and energy headwinds.
Hong Kong shares fell Monday as the ongoing conflict in the Middle East showed no signs of letting up and a closely watched meeting between U.S. President Donald Trump and Chinese President Xi Jinping failed to yield any major trade or geopolitical breakthroughs.The Hang Seng Index fell by around 287.55 points, or roughly 1.1%, to end at 25,675.18, while the Hang Seng China Enterprises Index decreased by 93.06 points, or also around 1.1%, to close at 8,597.97.Fresh drone attacks in the Gulf regions pushed oil prices and bond yields higher on Monday, according to a Reuters report. Investor sentiment was further dampened after President Trump warned that the "clock is ticking" before the U.S. launches harder strikes.Elsewhere, China and the U.S. agreed to establish Trade and Investment Councils, pursue reciprocal tariff reductions, and address non-tariff barriers on agricultural goods. China also pledged to address U.S. concerns on beef plant registrations and poultry exports.However, despite expectations of China buying "double-digit billions" in U.S. farm goods over three years, no details on products, prices, or volume have been released.In corporate news, three mainland firms filed to go public in Hong Kong while another made its trading debut.Chinese AMOLED display designer Viewtrix Technology (HKG:3310) said it was looking to raise HK$1.10 billion via the sale of 52.9 million shares at HK$20.81 apiece. Net proceeds will be used mainly to support the research and development and optimization of AMOLED TDDI chips, the firm said.Shenzhen SDMC Technology (HKG:0901), a Chinese smart home products provider, said it was targeting HK$630 million via an offer of 19.2 million shares at HK$32.80 apiece. Net proceeds will be used mainly to invest in AI home-related technologies, according to the firm.Meanwhile, Chinese AI-driven marketing technology company Beijing DeepZero Technology (HKG:2723) is seeking up to HK$503.3 million by going public in Hong Kong. The firm is offering 9.1 million shares at an indicative maximum price of HK$55.50 per share to raise funds for the research and development of its AI-powered marketing and sales application products.Elsewhere, Robotphoenix Intelligent Technology (HKG:6871) soared in its marketing debut after closing at HK$54.65 per share, 76% higher than the offer price of HK$30.50.
Grace Fabric Technology (SHA:603256) applied to list its H-shares on the Hong Kong Stock Exchange's Main Board.Grace noted the listing remains subject to approvals from Chinese and Hong Kong regulators, according to a Monday filing with the Shanghai bourse.Shares of the glass fabric products company declined 1% in recent trade.
Hong Kong's GDP rose 5.9% year over year in real terms in the first quarter, steeper than a 4% rise in the previous quarter, according to revised figures released Friday by the office of the government economist.On a seasonally adjusted quarter-on-quarter basis, GDP increased 2.9%, the statement said.Goods exports and imports climbed 23.7% and 29.8%, respectively, in real terms. Exports and imports of services rose by 3.5% and 4.2%, respectively.Private consumption expenditure increased 4.9% in real terms in the three months, faster than the 2.5% increase in the preceding quarter. Meanwhile, government consumption expenditure rose 3%, a steeper rise than a 1.5% jump seen in the previous quarter."Looking ahead, Hong Kong's economic outlook remains broadly resilient. Strong global demand for advanced electronics and AI‑related products is expected to support export performance, while services exports should remain firm, underpinned by sustained vibrancy in inbound tourism, robust cross-boundary financial activity, and steady demand for business services," the report said.
(Corrects Q1 figures in the third paragraph and month in the headline)Hong Kong's March goods export and import volumes rose 28.8% and 34.6% year on year, respectively, the city's Census and Statistics Department said Thursday.Export and import prices rose 5.4% and 5.3% compared with a year earlier, the statement said.For the first quarter of 2026, Hong Kong's goods export and import volumes rose 26.5% and 31.3% year on year, respectively, while prices for both exports and imports rose 4.3%, the department said.
Asian stock markets retreated Friday as traders weighed geopolitical concerns, inflation, labor issues, and booked profits in regional equity indices that recently struck record highsHong Kong, Shanghai, and Tokyo finished in the red, while Seoul's KOSPI index declined 6%, including an 8.6% tumble in bellwether Samsung Electronics shares after reports of a possible work stoppage at the semiconductor giant.The Samsung Electronics labor union plans an 18-day strike, involving 50,000 employees, from May 21 to June 7, reported The Chosun Daily news organization.In Japan, the Nikkei 225 opened evenly on Wall Street cues but declined in trading, finishing off 2% after Tokyo reported that producer prices had jumped higher in April.The benchmark Nikkei 225 eased 1,244.76 to 61,409.29, as losing issues outnumbered gainers 120 to 99.Leading the upside was industrial engineering and metal melting enterprise Dowa, up 16.1%, while printing outfit Toppan declined 16.6%.In economic news, Japan's producer price index rose 4.9% year-on-year in April, rising from the 2.9% gain logged in March and triggering concerns that the Bank of Japan will soon raise interest rates.In Hong Kong, the Hang Seng Index opened lower and declined steadily, closing down 1.6% after the recent Beijing-Washington summit concluded without any major trade agreements announced. Tech issues led the decline.The broad gauge Hang Seng fell 426.31 to 25,962.73, as losing issues outnumbered losers 76 to 13. The Hang Seng TECH Index lost 2.7% on the day, while the Mainland Properties Index fell 1.2%.Leading the upside was Wuxi Biologics, gaining 3.2%, while JD Health International declined 6.6%.On the mainland, the Shanghai Composite fell 1% to 4,135.39.On the other regional exchanges, the Taiwan TWSE declined 1.4%; the Australian ASX 200 declined 0.1%; the Singapore Straits Times Index fell 0.1%, and the Thai Set declined 1.4%. In late trading in Mumbai, the Sensex was down 0.2%The MSCI All Country Asia Pacific Index fell 2.1% on the day.
Hong Kong stocks tumbled Friday after U.S. President Donald Trump departed China, with investors left underwhelmed by the outcome of his talks with Chinese President Xi Jinping in Beijing.The Hang Seng Index fell 1.6%, or 426.31 points, to close at 25,962.73, while the Hang Seng China Enterprises Index dropped 1.9%, or 167.60 points, to finish at 8,691.03.A brief U.S. summary of Thursday's talks highlighted what the White House described as a mutual commitment to reopening the Strait of Hormuz amid the conflict involving Iran.There were no signs of progress on potential sales of Nvidia's advanced H200 artificial intelligence chips to China.Trump also told Fox News that Beijing intends to purchase 200 Boeing aircraft, marking its first order for U.S.-made commercial jets in nearly a decade.Reuters reported, however, that the deal fell short of market expectations for about 500 planes.In corporate news, CARsgen Therapeutics (HKG:2171) closed over 10% lower after launching a top-up placement expected to raise about HK$462 million in net proceeds.VPower Group (HKG:1608) fell 17% after its proposed offshore debt restructuring lapsed after failing to become effective by the longstop date.
Chinese optical-connectivity products maker Shenzhen Adtek Technology is considering going public in Hong Kong, Bloomberg News reported Thursday, citing people familiar with the matter.The firm is working with Citic Securities and Jefferies Financial Group to raise at least $500 million on a $3 billion to $4 billion valuation, the people told the news agency.The people cautioned that the details were subject to change, Bloomberg reported.A document filing was expected as soon as Friday, the report said.A representative from Adtek did not respond to a comment request from Bloomberg. Citic Securities and Jefferies Financial refused to comment, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Asian stock markets wobbled in mixed trading Thursday, as investors monitored the ongoing summit between US President Donald Trump and Chinese Leader Xi Jinping, and evaluated earnings results.Shanghai and Tokyo finished in the red, Hong Kong was flat, but other regional exchanges gained ground. Seoul's KOSPI rose 1.8% to strike a fresh record zenith.In Japan, the Nikkei 225 opened evenly near an all-time high but declined in trading, finishing off 1% as traders mulled comments by a Bank of Japan official that interest rates should be raised "at the earliest stage possible."The benchmark Nikkei 225 fell 618.06 to 62,654.05, as losing issues outnumbered gainers 133 to 91.Leading the upside was Tokai Carbon, up 18.5%, while Fukikura declined 19.1%, with both moves following earnings releases.In Hong Kong, the Hang Seng Index opened higher but lagged and closed essentially flat after China's Xi Jinping told President Donald Trump that "if mishandled, the two countries could collide" over the Taiwan issue.The broad gauge Hang Seng finished flat at 26,389.04, as losing issues outnumbered gainers 45 to 42. The Hang Seng TECH Index lost 0.4% on the day, while the Mainland Properties Index added 0.1%.Leading the upside was Li Auto, gaining 4.3%, while JD Logistics declined 5.7%.On the mainland, the Shanghai Composite fell 1.5% to 4,177.92.On the other regional exchanges, the Taiwan TWSE inclined 0.9%; the Australian ASX 200 inclined 0.1%; the Singapore Straits Times Index fell 0.2%, and the Thai Set inclined 1.4%. In late trading in Mumbai, the Sensex was up 1.1%The MSCI All Country Asia Pacific Index rose 0.2% on the day.
Hong Kong's March goods export and import volumes rose 28.8% and 34.6% year on year, respectively, the city's Census and Statistics Department said Thursday.Export and import prices rose 5.4% and 5.3% compared with a year earlier, the statement said.For the first quarter of 2026, Hong Kong's goods export and import volumes rose 28.8% and 34.6% year on year, respectively, while prices for both exports and imports rose 4.3%, the department said.
Hong Kong stocks were broadly unchanged Thursday, as investors await further developments from the summit between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing.The Hang Seng Index ended flat in positive territory at 26,389.04, while the Hang Seng China Enterprises Index slipped 0.2%, or 17.75 points, to finish at 8,858.63.During the opening session of the two-day summit, Xi said trade discussions were progressing while warning that differences over Taiwan could strain bilateral ties, according to state media reports.He also described relations with the United States as entering a "new positioning," state broadcaster CCTV reported.Xi added that both leaders agreed that a constructive and strategically stable relationship would help guide bilateral ties in the coming years, although few details of the talks were disclosed.The conflict involving Iran is also expected to feature in discussions between the two leaders.In corporate news, New World Development (HKG:0017) closed over 4% lower after saying discussions with Airport Authority Hong Kong on potential changes to contractual arrangements for its 11 Skies project remain ongoing, with no agreement reached.Earlier, the South China Morning Post reported that the Airport Authority had taken over retail operations at the project ahead of the opening of Terminal 2 at Hong Kong International Airport.
Asian stock markets largely gained ground on Wednesday, as earnings results and tech-sector optimism more than offset concerns regarding rising crude prices and Persian Gulf turmoil.Hong Kong, Shanghai and Tokyo finished in the green, as did most other regional exchanges.In Japan, the Nikkei 225 opened evenly and rose to the close, finishing up 0.8% as a strong earnings season continued to undergird share prices.The benchmark Nikkei 225 rose 529.54 to 63,272.11, striking a fresh all-time high, as gaining issues outnumbered losers 157 to 64.Leading the upside was medical-device outfit Olympus, up 19.8%, while construction enterprise Shimizu declined 9.7%, with both moves following earnings reports.In economic news, the seasonally adjusted Economy Watchers Survey current conditions index fell to 40.8 in April from 42.2 in March, the lowest reading since 2022.In Hong Kong, the Hang Seng Index opened evenly, waffled but finished up 0.2%The broad gauge Hang Seng rose 40.53 to 26,388.44 as losing issues outnumbered gainers 51 to 35. The Hang Seng TECH Index gained 0.5% on the day, while the Mainland Properties Index fell 0.3%.Leading the upside was JD.com, gaining 8.3%, while Geely Automobile declined 5.2%.On the mainland, the Shanghai Composite rose 0.7% to 4,242.57.On the other regional exchanges, the S. Korean KOSPI rose 2.6%, again hitting a new all-time high on AI-sector optimism.The Taiwan TWSE declined 1.3%; the Australian ASX 200 declined 0.5%; the Singapore Straits Times Index rose 1.2%, and the Thai Set inclined 2.3%. In late trading in Mumbai, the Sensex was steady.The MSCI All Country Asia Pacific Index rose 0.6% on the day.
Hong Kong stocks edged higher on Wednesday ahead of the meeting between U.S. President Donald Trump and Chinese President Xi Jinping.The Hang Seng Index added 0.2%, or 40.53 points, to close at 26,388.44. The Hang Seng China Enterprises Index barely moved in negative territory to finish at 8,876.38.Trump is expected to arrive in Beijing on Wednesday ahead of talks scheduled for Thursday and Friday.The leaders of the world's two largest economies are set to hold their first face-to-face meeting in more than six months.Discussions are expected to focus on Iran, Taiwan, artificial intelligence, and nuclear weapons, while both sides also weigh extending their critical minerals agreement.Meanwhile, tensions in the Middle East remained unresolved after Trump said he was unlikely to seek China's assistance in ending the conflict with Iran.In corporate news, two companies made their debut on the Hong Kong bourse.Metis TechBio (HKG:7666) closed nearly 127% higher at HK$23.80, well above the offer price of HK$10.50.Impact Therapeutics (HKG:7630) advanced over 108% to close at HK$41.86, compared with the offer price of HK$20.10.
The U.S. Treasury Department sanctioned nine companies, including four each based in Hong Kong and the United Arab Emirates, for helping Iran ship oil to China, according to a Monday press release.Hong Kong-based Hong Kong Blue Ocean, Hong Kong Sanmu, Jiandi HK, and Max Honor International Trade helped Golden Globe, said to be a cover company arranging oil sales for Iran, the Office of Foreign Assets Control said.UAE-based Ocean Allianz Shipping, Atic Energy FZE, Blanca Goods Wholesaler, and Universal Fortune Trading, as well as Oman's Zeus Logistics, also helped the Islamic Revolutionary Guard Corps with oil purchases.The U.S. Treasury "will continue to cut the Iranian regime off from the financial networks it uses to carry out terrorist acts and to destabilize the global economy," Secretary Scott Bessent said in a statement.
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