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Hong Kong Stock Exchange

Hong Kong paves way for UAE listings, recognising Dubai, Abu Dhabi exchanges

Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East.

Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East

5 hours agovideocam

Hong Kong stocks slide after China’s third plenum underwhelms, geopolitics eyed

19 Jul 2024 - 4:43PM

Hong Kong stocks recover amid hopes China’s third plenum will unveil reforms

18 Jul 2024 - 4:45PM

Chinese restaurant chain Xiaocaiyuan makes another attempt to list in Hong Kong

The Tongling, Anhui-based chain’s application comes as proceeds from new share listings in Hong Kong slumped 35 per cent year on year in the first half.

18 Jul 2024 - 9:23AM

PwC expects some 80 companies to list in Hong Kong this year, raising a total of HK$80 billion, much lower than its previous estimate of HK$100 billion. Photo: Robert Ng

With US ether ETFs imminent, Hong Kong may attract a different crypto crowd

Hong Kong’s approval of spot ether ETFs in April was seen as a unique but brief advantage for the city, which may now attract investors looking to avoid US taxes.

18 Jul 2024 - 7:00AM

Hongkongers happy to let the interest roll in even as outlook improves: survey

Local investors would only consider reallocating from cash and deposits into investment products when interest rates come down to 2.5 per cent, according to a survey by the Hong Kong Investment Funds Association.

18 Jul 2024 - 6:00AMvideocam

Hong Kong stocks eye policy support measures as China’s economic outlook dims

Hong Kong stocks rangebound as investors awaited policy announcements from China’s third plenum.

18 Jul 2024 - 11:17AM

A view of Tiananmen Square as China’s communist party holds its third plenum in Beijing, China, 15 July 2024. Photo: EPA-EFE

China’s top insurer Ping An seeks US$3.5 billion via convertible bond sale

Company joins a raft of Chinese firms including JD.com, Alibaba and Trip.com in tapping the cheaper funding source amid high interest rates.

16 Jul 2024 - 4:33PM

Hong Kong stocks slip as China’s gloomy economic outlook spooks investors

Hong Kong stocks retreated on Tuesday amid downgrades to China growth forecasts by major investment banks.

16 Jul 2024 - 5:23PM

Explainer | What is ETF Connect? How does it help global investors tap China’s stock market?

China is further opening up its US$8.4 trillion stock market by offering 85 new exchange-traded funds (ETFs) tracking mainland equities through the cross-border trading channel for offshore investors next week.

16 Jul 2024 - 6:00AMvideocam

ETFs, which are funds that pool together a basket of securities and aim to offer returns that mirror the underlying market, are becoming increasingly popular in Asia. Photo: Shutterstock

Hong Kong stocks retreat after downbeat China data, Trump rally shooting

Hong Kong stocks fell in early trade as risk appetite soured after the assassination attempt on former US President Donald Trump and gloomy set of Chinese economic data.

15 Jul 2024 - 4:52PM

A portrait of former Chinese leader Mao Zedong at Tiananmen Square in Beijing, China, on Saturday, July 6, 2024. Traders will closely monitor China’s third plenum of the 20th Party Congress which kicks off today and which is expected to announce economic reforms. Photo: Bloomberg

Explainer | What are ETFs? How have they become the new darling of investors globally?

Since the first ETF was launched in 1993 in the US, the total amount invested in ETFs globally jumped to US$11.5 trillion at the end of last year, proving the popularity of the investment product.

12 Jul 2024 - 12:52PM

Cirrus Aircraft prices its stock midrange at HK$27.50 in Hong Kong

Global delivery of personal aircraft rose by 15 per cent to 2,215 units in 2023, from 2021, because of the recovery from the pandemic and consumers’ preference for premium travel, Frost & Sullivan said.

10 Jul 2024 - 3:30PM

Hozon to use Hong Kong IPO as launch pad for exporting Neta EVs

‘We look to grow bigger and stronger by localising our best technologies, products and services in markets worldwide,’ founder Fang Yunzhou says.

10 Jul 2024 - 5:06PM

The Chinese EV maker Hozon has seen deliveries of its Neta-branded cars rise in Thailand. Photo: EPA-EFE

Hong Kong stocks decline by most in a week as EU tariffs hit Geely, BYD

Hong Kong stocks retreated, underperforming regional markets, after the European Union announced provisional import tariffs on Chinese electric vehicles.

5 Jul 2024 - 5:27PM

BYD electric cars waiting to be loaded onto a ship at Taicang Port in Suzhou, in China’s eastern Jiangsu province on February 8, 2024. Hong Kong stocks retreated, underperforming regional markets, after the European Union announced provisional import tariffs on Chinese electric vehicles. Photo : AFP

Hang Seng Index tops 18,000 amid US rate cut hopes, EV makers surge

Local shares advanced for a fourth day as traders grew more confident of a rate cut; EV makers and tech giants led the rally.

4 Jul 2024 - 5:03PM

Exclusive | International firms are eyeing Hong Kong IPO thanks to Stock Connect: UBS

Companies from the Middle East, Asia and Europe in particular are looking at Hong Kong, says the Swiss bank, after a push by Chief Executive John Lee Ka-chiu to promote the city’s fundraising credentials abroad.

2 Jul 2024 - 2:46PMvideocam

Hong Kong stocks gain as traders react to upbeat Chinese manufacturing data

Hong Kong stocks gained on Tuesday as traders returned after a public holiday and reacted to upbeat Chinese manufacturing data that eased some concerns about the economic outlook.

2 Jul 2024 - 4:51PM

Before this morning, the Hang Seng Index had declined 9.8 per cent since a peak on May 20, as traders took profit from the policy-driven bull-run that started in April. Photo: Sun Yeung

Hong Kong jeweller, data-provider listing debuts give market whiff of optimism

A couple of solid listing debuts at the Hong Kong stock exchange have brought cheer to its new issue market as the city which saw a dismal first half.

28 Jun 2024 - 5:22PM

Hong Kong drops down the rankings as IPO proceeds plunge to 2-decade low

The proceeds from new listings are down 35 per cent from a year ago and the lowest since the first half of 2003 when the Sars virus derailed the city’s markets.

28 Jun 2024 - 7:22PM

Hong Kong can expect more IPOs in second half of year: Paul Chan

Finance chief set to visit Australia in September to promote the city and says government’s investment arm is screening 100 potential firms.

28 Jun 2024 - 8:30AM

The Hong Kong IPO market raised a total of HK$11.6 billion across 27 deals in the first half of 2024. Photo: Edmond So

Hong Kong stock exchange to offer weekly options based on Hang Seng Tech Index

Weekly tech index options will debut on September 2, and weekly stock options are being planned for later this year, HKEX says.

27 Jun 2024 - 8:16PM

A screen shows various index figures in Connect Hall at Hong Kong Exchanges and Clearing in Hong Kong on May 16, 2023. Photo: Bloomberg

Hozon applies to raise capital through an IPO in Hong Kong

Hozon is the latest to jump at the opportunity to raise funds abroad after China’s securities regulator opened the floodgates in mid-April to support qualified industry leaders to raise capital in Hong Kong.

26 Jun 2024 - 6:09PM

Shanghai biotech firm’s shares soar after Fosun’s US$690 million buyout offer

Henlius joins a wave of companies that have left Hong Kong’s stock market this year, either through privatisation or voluntary delisting having found themselves undervalued.

25 Jun 2024 - 5:20PMvideocam

New World touts US$4.5 bn in loans, debt payments as proof of health

Company says it has secured multiple low-cost new loans to replenish its liquidity and increase the proportion of yuan loans as it seeks to control financing costs.

24 Jun 2024 - 10:24PMvideocam

Miami Quay, jointly developed by Wheelock Properties, Henderson Land, New World Development and Empire Group, at Kai Tak, Hong Kong, pictured on August 5, 2022. Photo: Jonathan Wong

China’s Sensetime unveils US$260 million share issuance plan

AI company Sensetime saw its shares slide by as much as 6.8 per cent before rebounding to a gain of 3 per cent on the day after it unveiled a US$260 million fundraising plan via a share placement to help finance growth.

21 Jun 2024 - 5:33PM

Signage for SenseTime Group Inc. atop a building at Hong Kong Science Park in Hong Kong, China, on Wednesday, May 29, 2024. Photo: Bloomberg

Hong Kong stocks will resume their rally soon on Beijing support: analysts

Hong Kong stocks could enjoy a better second half to the year following their recent decline, as global interest rates start to come down and more supportive measures in China provide a boost, analysts and money managers say.

21 Jun 2024 - 6:00AMvideocam

Banks need more government help to backstop SMEs’ finance needs: HSBC co-CEO

Big data, AI and blockchain tech are raising financial inclusivity, top Moody’s and Standard Chartered executives say at Lujiazui forum.

20 Jun 2024 - 6:44PM

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Hong Kong Stock Exchange

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.