Post Tagged with: "Hong Kong Stock Exchange"

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here?s how

Citibank thinks Hong Kong stocks can claw their way back from painful slide. Here?s how

After a bloodbath in 2018, the Hong Kong stock market just got bullish vote of confidence ? Citibank is forecasting the Hang Seng Index will rebound to 30,000 by the end of the year. That would be a nearly 20 per cent rise from its close at 25,130 on Wednesday. […]

Don?t worry about amount raised, get out first ? Chinese firms rush to list overseas, avoid 2019 headwinds

Don?t worry about amount raised, get out first ? Chinese firms rush to list overseas, avoid 2019 headwinds

Vivien Han?s company went public in New York this summer, grabbing headlines in the Chinese media, and was considered another rising star that had successfully tapped the fast-growing Chinese consumer market. Han and her colleagues, however, did not consider the initial public offering (IPO) a success. ?We had to cut […]

Hong Kong stocks track Wall Street losses to end lower on Christmas Eve, while China shares rise

Hong Kong stocks track Wall Street losses to end lower on Christmas Eve, while China shares rise

Stocks listed in Hong Kong declined during thinned out holiday trading on Monday, tracking Friday?s losses on Wall Street. In mainland China, however, shares rose on the promise of policy support for the economy. The Hong Kong market traded for half a day because of the Christmas holiday, and the […]

China stocks fall on Christmas after Japan?s Nikkei enters bear market, another day of losses in US

China stocks fall on Christmas after Japan?s Nikkei enters bear market, another day of losses in US

Shares listed in mainland China fell on Tuesday, tracking the steep losses in markets in Japan and the United States triggered by an intensifying row between the White House and the US Federal Reserve. The Hong Kong market will remain closed until Thursday. The Shanghai Composite Index dropped by as […]

Hong Kong, Shanghai stocks fall after US Fed defies investors? call and keeps aggressive pace of interest rate increases

Hong Kong, Shanghai stocks fall after US Fed defies investors? call and keeps aggressive pace of interest rate increases

Hong Kong and Shanghai stocks dropped in Thursday?s early trading, along with other Asian markets, as the US Federal Reserve Chairman Jerome Powell kept his aggressive pace of rate increases and ignored investors? calls for a slower clip. The Fed raised the key interest rate by 25 basis points for […]

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, Hong Kong stocks slide after president?s milestone speech leaves out stimulus for kick-starting a slowing economy

China, Hong Kong stocks slide after president?s milestone speech leaves out stimulus for kick-starting a slowing economy

Equity prices slid in Hong Kong and mainland China, following an overnight bloodbath in the US markets and a keynote speech Tuesday by Chinese President Xi Jinping that failed to provide a much-anticipated stimulus to kick-start the sagging economy. The Shanghai Composite Index, which started Tuesday?s trading with single point […]

Hong Kong, mainland exchanges reach agreement on trading in shares of dual voting rights firms through stock connects

Hong Kong, mainland exchanges reach agreement on trading in shares of dual voting rights firms through stock connects

The Hong Kong stock exchange said on Sunday it had reached a consensus with counterparts in Shanghai and Shenzhen on trading by mainland China investors in Hong Kong-listed companies with dual voting rights. The agreement, which could potentially benefit companies such as smartphone maker Xiaomi, is related to investment through […]

DBS Vickers to transfer Hong Kong retail brokerage clients to sister bank

DBS Vickers to transfer Hong Kong retail brokerage clients to sister bank

For more than four decades, the Vickers name has been associated with retail investing in Hong Kong. On Monday, that time will pass. The change comes after DBS Group, the Singapore financial services company, announced earlier this year that it would merge the retail brokerage operations of its DBS Vickers […]

China?s Bitmain Technology and Huobi plan layoffs as cryptocurrency crunch begins to bite

China?s Bitmain Technology and Huobi plan layoffs as cryptocurrency crunch begins to bite

Two of the world?s biggest cryptocurrency companies have confirmed lay-off plans amid an industry crunch that has seen US$170 billion wiped off bitcoin?s market value this year. Beijing-based Bitmain Technology, the world?s biggest maker of cryptocurrency mining rigs, said in a statement that the company is undergoing ?some adjustment to […]