Topic
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
New China capital-raising measures will revamp pricing mechanism for IPOs, encourage mergers and acquisitions, and offer more exchange-traded funds and derivative products.
As the Hong Kong stock market recovers from the gloom of the Covid-19 years, it looks forward to more IPOs, greater investment and fundraising.
Decision revealed by Chief Executive John Lee will allow shares to change hands even under the most extreme weather
- Investors’ pessimism about China may no longer be well placed, as policies to bolster confidence are likely to spell better times ahead, say financiers
Elevated premiums and price fluctuations of ETFs tracking the Nasdaq and S&P 500 indices lead to warnings from many fund managers.
Local shares advanced for a fourth day as traders grew more confident of a rate cut; EV makers and tech giants led the rally.
The retirement scheme earned HK$12,500 (US$1,600) for each of its 4.75 million members in the first half of 2024 as stock markets rallied, according to MPF Ratings.
Sentiment appears to be stabilising after the recent consolidation, analysts say. Strong southbound buying, which has already topped the total inflow for the whole of 2023, continues to support the market.
‘Even with intervention, changing the incentive for investors seeking stable yield could prove challenging,’ Natixis analyst says.
About 80 companies could list in Hong Kong this year, raising a total of HK$80 billion (US$10.2 billion), much lower than the HK$100 billion previously anticipated, PwC says.
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.
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.
The deal values Singapore-based Synagistics, which provides digital commerce services, at HK$3.5 billion (US$448 million), according to an exchange filing.
A private report released on Monday pointed to a better-than-expected expansion in China’s factory activity.
Hong Kong stock exchange’s IPO prospects has received a boost after fundraising in the city slumped to a two-decade low in the first half of the year.
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.
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.
Hong Kong stocks edged up on optimism about consumption in the former British colony after China relaxed duty-free caps on mainland tourists, but concerns about growth in the world’s second-largest economy continue to swirl.
Weekly tech index options will debut on September 2, and weekly stock options are being planned for later this year, HKEX says.
A powerful rally in China’s government bonds that has pushed yields to a two-decade low shows no signs of easing amid persistent worries about the outlook for growth. A sluggish stock market and a long-running property downturn continue to dampen risk appetite.
Micron sells high-bandwidth memory chips that work with processors from Nvidia Corp to crunch data for artificial intelligence projects.
The company is now a member of an elite club of a handful of peers that have surpassed the key market capitalisation.
Hong Kong stocks hit two-month lows after growth in Chinese industrial companies’ profits slowed triggering growth concerns.
Several Hong Kong-listed Chinese property developers risk being excluded from the Stock Connect programme as their valuations have fallen below the statutory minimum.
Hong Kong stocks ended nearly unchanged, surrendering initial gains posted after China approved more online games as investors turned cautious amid intensifying geopolitical tensions.
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.
Hong Kong stocks rose, boosted by bargain-hunting trades, as the benchmark recovered from a slide that shaved nearly a tenth of its value over the past month.
The company has also updated China’s securities regulator officially about its change of listing venue, the sources say.
The Foshan-based developer plans to demerge its property development arm, offering shareholders the option of buying out their shares at a 57 per cent premium.
Investors should stick with buying stocks that promise good dividends in China’s stock market, as a policy push is likely to encourage more payouts, and the cash built up by listed companies is at an all-time high, according to Goldman Sachs.
