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Stock Connect

Outside Hong Kong’s stock exchange. Photo: Reuters

Hong Kong stocks rise, developers up on expected Fed move; Midea surges

Hong Kong stocks jumped as local developers rallied ahead of an expected Fed rate cut, while appliance maker Midea surged on its debut.

Hong Kong stocks jumped as local developers rallied ahead of an expected Fed rate cut, while appliance maker Midea surged on its debut

Hong Kong stocks climb as weak China data boosts hopes for stimulus

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Hong Kong stocks rise on speculation about China mortgage-rate cuts

Alibaba, WuXi lead Hong Kong stock rebound on inflows, Fed rate focus

Mainland investors were net buyers of HK$11.6 billion worth of Alibaba shares since it became an eligible component in the Stock Connect scheme this week.

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An electronic ticker displays stock figures in Pudong’s Lujiazui Financial District in Shanghai on August 14, 2024. Photo: Bloomberg

Alibaba has more room to run thanks to cross-border trading, history shows

Tencent gained 23 per cent in the six months after joining Stock Connect, while Meituan and Xiaomi more than doubled over 12 months.

Alibaba rally, China export surprise lift Hong Kong stocks

Hong Kong stocks edged up on an Alibaba rally and strong export data from China, while mainland developers tumbled.

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Alibaba to join Stock Connect plan in major boost for equity market

The decision could attract as much as US$12 billion of domestic funds to the beaten-down stock, according to one forecast.

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The logo of Alibaba Group outside its office in Beijing in August 2021. Photo: AP Photo

Hong Kong stocks slide to 3-week low as Citigroup cuts target on weak outlook

Citigroup lowered its Hang Seng Index target by 3 per cent in a note on Monday, citing weak consumption and corporate earnings outlook.

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Financial secretary pledges more financial connections with mainland

Minister hinted at the launches of more links that will better connect Hong Kong markets with those on the mainland.

High level of yuan deposits cements Hong Kong’s offshore hub role

Improvement in equity-market sentiment and companies’ increasing need for yuan are driving the surge in deposits, according to analysts.

Deposits of yuan in Hong Kong exceeded 1 trillion yuan for the fourth straight month. Photo: Shutterstock

Hong Kong stocks complete best month since May as EV makers rally

Gains in Chinese EV makers like Li Auto, Xpeng and Nio helped lift the Hang Seng Index to its highest close in seven weeks. Rate-cut optimism also aided risk appetite.

People walking past electronic boards outside the Exchange Square in Central in April 2024. Photo: Jelly Tse.

Hong Kong stocks falter before Nvidia test for tech rally, buy-backs temper drop

Stocks weakened as investors braced for potential fallout from Nvidia earnings later today, given its 160 per cent rally this year. Buy-back programmes by JD.com and Anta limited losses.

HKEX hires veteran banker to bring overseas IPOs to Hong Kong

Chui, who has more than two decades of experience in equity capital markets at various global banks, joins the HKEX as managing director and head of global issuer services.

Hong Kong stocks erase losses as Trip.com, EV makers shine amid e-commerce slump

Stocks reversed path after a poor start to trading as consumer-related firms rallied. A record slump in PDD Holdings in New York sparked a sell-off in Chinese e-commerce rivals.

People walking outside a building with running stock tickers in Tsim Sha Tsui, Hong Kong in November 2023. Photo: Li Jiaxing

China’s ‘broker butcher’ puts on charm to boost confidence, stocks

The CSRC’s boss wants state-run funds and private asset managers to show more buying power, deliver higher returns to shore up market confidence.

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An electronic ticker displays stock figures in Lujiazui Financial District in Shanghai on August 14, 2024. Photo: Bloomberg

Hong Kong stocks extend 3-week winning run as Fed signals imminent rate cut

Investors are turning optimistic after the Federal Reserve’s Jerome Powell signalled on Friday that ‘the time has come for policy to adjust.’

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Hong Kong stocks end third straight week on a high

Hang Seng Index closed lower after a pullback on Wall Street and disappointing earnings by Chinese blue chips, but ended the week 1 per cent higher.

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Alibaba gains as it swaps Hong Kong listing status to tap China funds

Alibaba, one of China’s largest technology behemoths with HK$1.58 trillion (US$202.7 billion) in value, would be very likely to make the cut, clearing the way for mainland investors to take their first bite on September 9.

The logo of Chinese technology firm Alibaba is seen at its office in Beijing on August 10, 2021. Photo: AP

Hong Kong stocks rise on upbeat Xiaomi, AIA earnings; JD.com leads tech rebound

The Hang Seng Index has added 1.2 per cent since last Friday, putting it on track for a third consecutive week of gains.

Alibaba’s long-awaited China stock link may provide timely boost

The new source of funds via the so-called southbound link could support the firm’s shares, which have underperformed rival Tencent Holdings.

China’s stock traders cannot gauge mood as regulator cuts access to data

The Shanghai and Shenzhen exchanges will only publish limited information once per day of trading conducted via the northbound link of the Stock Connect scheme.

China’s US$8.3 trillion stock market has seen an exodus of foreign investors in recent months. Photo: Bloomberg

World’s biggest hedge fund cuts China stocks amid US, Japan rally

The US hedge fund’s holdings of Chinese stocks listed in the US have declined by 80 per cent in value since September 2022, according to filings

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An electronic ticker displays stock figures in Shanghai on August 7, 2024. Photo: Bloomberg

Hong Kong stocks rise for second week on earnings, PBOC support pledge

China’s central bank will prepare more ‘incremental policy measures’ to make sure the economy hits its growth target, its governor said.

Hong Kong stocks drop for second day amid soft economic data

‘We do not see concrete signs of economic recovery yet,” a Bank of East Asia strategist says, adding that the market is likely to stay volatile and stuck in a narrow trading range in the short term.

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Hong Kong stocks slip from 2-week high amid weak China data

Worries about deflation in China heightened following sluggish credit growth in July, with traders anticipating lacklustre data on retail sales and industrial production on Thursday.

Pedestrians move through Pudong’s Lujiazui Financial District in Shanghai on August 7, 2024. Photo: Bloomberg

Hong Kong stocks cap best winning streak in 3 months amid regional recovery

The city’s benchmark index has climbed for five straight trading days after plunging to a three-month low last week.

Exchange Square in Central, Hong Kong, home of the city’s bourse operator. Photo: Bloomberg

Hong Kong stocks waver at 3-month low as Macau casino, property sectors weigh

Bets on policy easing from China’s central bank helped lift sentiment as traders await more support from economic and earnings reports later this week.

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Hong Kong stocks slip as factory activity stumbles, investors ignore dovish Fed

A private report showed China’s manufacturing activity unexpectedly contracted in July for the first time in nine months, while home sales remained depressed.

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Stock Connect
The mechanism by which international investors can trade via the Hong Kong stock exchange to directly access stocks listed in mainland China. The scheme, launched in November 2014, adds more than 800 companies with market capitalisations equivalent to US$1 billion or more to the universe of stocks available to global investors. It marks a significant reform and liberalisation of China’s capital markets.
last updated:
9 September, 2024
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