Topic
Hong Kong Exchanges and Clearing Ltd is the holding company for the city’s stock exchange, futures exchange and clearing company. Its market capitalisation makes it one of the world’s biggest listed companies.
Team set up by Hong Kong financial secretary will not only consider business and finance, but also geopolitics and US-China tensions.
As Beijing halves stamp duty on share deals to lift investor confidence, Hong Kong is seeking greater liquidity to strengthen its position.
Trades in local dollar or yuan in city stock market will offer greater choice to those investors seeking to diversify not only in shares but also currencies.
- Over the past two decades, India’s gross domestic product and market capitalisation rose in tandem from US$500 billion to US$3.5 trillion
- India briefly overtook Hong Kong as the fourth-largest equity market last month; Morgan Stanley predicts it will be the world’s third-biggest by 2030
Hong Kong’s stock market could see a roller-coaster ride full of turbulence and drama as a ‘groggy dragon stumbles out of its cave’, according to CLSA’s tongue-in-cheek predictions.
China’s policymakers soothe markets with stimulus balm, and respite may be brief as geopolitical, economic and policy risks lurk in the world’s second largest economy.
The bill cites Chinese entities such as Third Military Medical University and Key Laboratory of High-Altitude Medicine as examples of ‘espionage tools’ of the Communist Party.
The Hang Seng Index marked its first winning week of the year, but the gains were trimmed to 4.2 per cent. Geopolitical risks will continue to be an overhang as this is an election year, Dickie Wong of Kingston Securities says.
Stocks in Hong Kong and mainland China surged again as China delivered on its promise to calm the market with a US$140 billion liquidity injection plan. Buying by corporate insiders lifted Alibaba by the most in six months.
Chief executive says market shows no signs of abnormalities and is operating ‘in line with expectations’.
Founder Chua Soon Hock says his confidence as a trader is lost after markets in Hong Kong and Japan turned against him. ‘I have lost my knowledge, trading and psychological edge’ following a tough 2023 and a disastrous start to 2024, he says.
Shenzhen Gantang Mingshan Catering, which is behind popular Chinese restaurant chains including grilled fish diner Tanyu, could launch an IPO this year, sources say.
Xiaocaiyuan operates more than 500 restaurants across China. The chain’s profit rose to 429 million yuan (US$60 million) in the first nine months of last year, compared with 207 million yuan a year earlier.
Paul Chan praises ‘encouraging progress’ in cooperation with Saudi Arabia in Davos, looks forward to boosting business ties.
The Hang Seng Index logged its first positive close of the new year, after mainland Chinese funds turned net buyers in the city on Wednesday. Bullish sentiment around US and Asian markets also supported gains.
Chinese artificial intelligence company iFlyTek said it plans to spin off its healthcare services subsidiary, iFlyHealth, with a listing in Hong Kong.
The new year is barely two weeks old and some strategists are unsure if the city’s stock market will convincingly end a four-year losing streak.
Local stocks suffered a sixth day of losses. Hopes for rate cuts in China failed to sustain an early rebound. Two market debutants in Hong Kong hand investors steep losses.
New rules effective January 1 remove a quarterly reporting requirement and streamline transfers to the bourse’s main board, but analysts say the bar is still too high for many small companies
Local stocks are offering no juice for bullish investors, with the Hang Seng Index and Tech Index sliding to 13-month lows. China’s economy slowed further last month, official reports this week may show.
RoboSense lost as much as 3.5 per cent in its debut before closing flat at HK$43, giving it a US$2.5 billion market capitalisation.
Alibaba has cut its GoGoX stake four times over the past two months, as the Hong Kong logistics services firm faces cutthroat competition and regulatory pressure in the mainland’s intracity delivery courier market.
Embattled CIFI Holdings put forward a revamped proposal that offers creditors maturity extensions with different haircut levels or partial equitisation.
China’s leading bubble tea makers Mixue Bingcheng and Guming are rushing to apply for first-time share sales in Hong Kong as companies in the fast-growing sector expand aggressively amid fierce competition.
Hong Kong’s listing reforms include easier rules to help connect specialist tech companies with global capital. Fundraising in the city is expected to cross US$12.8 billion this year.
Hong Kong-based Sinohope, formerly Huobi Technology, saw losses expand 40 per cent in the first nine months of 2023, blaming plummeting digital asset prices.
Investors should look past all the bad news and grab the bargain of a lifetime, says Asia Genesis Asset Management. ‘Risk reward is the best I have seen in 40 years of investing and trading,’ founder Chua Soon Hock says.
Hong Kong’s IPO ranking sank to the 8th this year. But analysts are confident the stock exchange can shrug off a dismal year, pointing to potentially lower rates next year and China’s policy boost for the economy.
Shenzhen-based robot maker UBTech raised HK$1 billion (US$130 million) from the final stock offering of the year in Hong Kong. Its founder and CEO Zhou Jian became a billionaire based on its market valuation.
