CATHEONArtisse Price

At the close of the Hong Kong stock market, the Hang Seng Index fell by 1.89%, and the Hang Seng Tech Index dropped by 3.61%. Alibaba (09988.HK) closed down 8.54% for the day, while Zhihui (02513.HK) and MINIMAX-W (00100.HK) both closed down over 10%.

On August 24, following Trump's mention and the sudden positive developments in cryptocurrency policy, the Hyperliquid ecosystem has rapidly gained traction. The price of HYPE surged by approximately 35% within a week, reaching new highs. Against this backdrop, multiple tokens on Hyper EVM collectively surged yesterday, including meme tokens.

On August 24, Caixin reported that the National Development and Reform Commission (NDRC) released the 'Draft for Solicitation of Opinions on Foreign Investment Management (Revised)', inviting public feedback from August 21 to September 20, 2026. The draft expands the definition of investors to include domestic enterprises, other organizations, and individual residents, and clarifies that reinvestment by investors abroad also falls under foreign investment. Regarding the regulation of foreign investment, investors must obtain approval documents or filing notices before proceeding with foreign investments, covering aspects such as classification and regulatory responsibilities, as well as the procedures and timelines for approval and filing. For newly included individual residents, the approval authority is the NDRC, while the filing authority is the provincial-level development and reform department of their registered residence or habitual residence.