Post Tagged with: "HKEX"

Hong Kong companies need action, not talk, on diversity

Hong Kong companies need action, not talk, on diversity

Hong Kong competes on its reputation as a well but lightly regulated market. This philosophy is reflected in the Hong Kong stock exchange?s listing rules, which lay out a world-class standard of corporate governance but interpreted in a light-touch manner. Regulators try to avoid adding onerous requirements to compliance standards, […]

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, a state monopoly that is by far the biggest cigarette maker in the world, plans to list its international unit on the Hong Kong stock exchange even as pressure increases on the government to curb smoking. The unit, China Tobacco International, is primarily responsible for procuring overseas […]

The tenuous truce in the US-China trade war will decide whether Hong Kong?s best IPO party ever continues in the new year

The tenuous truce in the US-China trade war will decide whether Hong Kong?s best IPO party ever continues in the new year

On July 12, the Hong Kong stock exchange (HKEX) conducted an unprecedented ritual to start its trading day: four gigantic gongs were struck one after the other by executives of eight companies to commemorate the debut of their stocks. The eight companies, including Chinese live-streaming application Inke, had to share […]

Shanghai?s stock index ends 2018 as the world?s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai?s stock index ends 2018 as the world?s biggest loser as trade war, slowing Chinese economy weigh on confidence

Shanghai?s stock benchmark ended 2018 as the world?s worst market performer for a second year, falling 24.6 per cent over 12 months as an unprecedented trade war between China and the United States weighed on the Chinese economy and crimped corporate earnings. The city?s key stock index closed the year […]

Hong Kong regains global IPO crown from New York in 2018 thanks to its listing reforms

Hong Kong regains global IPO crown from New York in 2018 thanks to its listing reforms

The Hong Kong stock exchange reclaimed its crown as the No 1 IPO market in the world in 2018, beating last year?s winner New York, as listing reforms led to the highest fundraising in eight years, according to Refinitiv data. Hong Kong?s main board had a 17.6 per cent share […]

Hong Kong market turnover sinks to 22-month low as investors await Xi Jinping?s speech, Fed rate move

Hong Kong market turnover sinks to 22-month low as investors await Xi Jinping?s speech, Fed rate move

Hong Kong market?s turnover shrank sharply on Monday to the lowest level in nearly two years, with the key index ending marginally lower, as investors await key events to unfold later this week, including Chinese President Xi Jinping?s reform speech and the Federal Reserve?s rate decision. The Hang Seng Index […]

China and Hong Kong stocks end mixed as investors await outcome of Federal Reserve meeting

China and Hong Kong stocks end mixed as investors await outcome of Federal Reserve meeting

Chinese stocks fell on Wednesday while Hong Kong stocks ended the day flat, as investors awaited the outcome of the US Federal Reserve meeting and brushed aside a meeting between US and Chinese officials to de-escalate the trade war. The Shanghai Composite Index fell 1 per cent, or 27.09 points, […]

Hong Kong regulators say IPOs by cryptocurrency businesses are premature, putting Bitmain?s US$3 billion fundraising plan in peril

Hong Kong regulators say IPOs by cryptocurrency businesses are premature, putting Bitmain?s US$3 billion fundraising plan in peril

Hong Kong?s stock market regulator and operator have signalled their reluctance to give their green light to an initial public offering (IPO) by the world?s largest assembler of cryptocurrency mining equipment, while a regulatory framework is still being drafted to ring-fence the disruptive technology. It is premature for any cryptocurrency […]

Hopewell privatisation plan gains support from its second largest shareholder

Hopewell privatisation plan gains support from its second largest shareholder

Property tycoon Gordon Wu Ying-sheung?s plan to privatise Hopewell Holdings has gained momentum after the company?s second largest shareholder, Southeastern Asset Management, expressed support for the HK$21.2 billion (US$2.71 billion) delisting plan. Southeastern, a US fund company headquartered in Memphis, Tennessee, issued a statement on Monday morning saying it ?does […]

Hong Kong exchange considers adopting robotics, artificial intelligence to enhance efficiency, eyes data trading

Hong Kong exchange considers adopting robotics, artificial intelligence to enhance efficiency, eyes data trading

Bourse operator Hong Kong Exchanges and Clearing said on Monday it was looking into using robotics and artificial intelligence at the Hong Kong stock exchange, Asia?s third-largest stock market. According to its chief executive, Charles Li Xiaojia, HKEX is planning a comprehensive revamp of its business and operations to embrace […]