Cash and Cash Equivalents and Short-term Investments

6 Months Ended

Jun. 30, 2026

Cash and Cash Equivalents and Short-term Investments

Cash and Cash Equivalents and Short-term Investments

3. Cash and Cash Equivalents and Short-term Investments


		June 30,		December 31,
		2026		2025

		(in US$’000)
Cash and Cash Equivalents
Cash at bank and on hand		65,408		57,317
Bank deposits maturing in three months or less		41,149		14,013
		106,557		71,330
Short-term Investments
Bank deposits maturing over three months (note)		1,268,260		1,295,945
		1,374,817		1,367,275

Note: The maturities for short-term investments ranged from 92 to 185 days and 91 to 186 days for the six months ended June 30, 2026 and the year ended December 31, 2025 respectively.

Certain cash and bank balances denominated in Renminbi (“RMB”), US dollar (“US$”) and UK Pound Sterling (“£”) were deposited with banks in the PRC. The conversion of these balances into foreign currencies is subject to the rules and regulations of foreign exchange control promulgated by the PRC government. Cash and cash equivalents and short-term investments were denominated in the following currencies:


		June 30,		December 31,
		2026		2025

		(in US$’000)
US$		1,326,744		1,327,608
RMB		46,466		37,997
Hong Kong dollar (“HK$”)		1,303		1,456
£		268		193
Others		36		21
		1,374,817		1,367,275