37 h. ago A rising stock tide lifts sales of all financial products in Hong Kong

Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub. Sales increased by 40 per cent from 2023 to a record HK$6.07 trillion (US$778.3 billion), according to a survey released on Thursday by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA). As many as 1.2 million...

Economics

45 h. ago Hong Kong stocks drop for third day as Chinese equities lose glow

Hong Kong stocks drop for third day as Chinese equities lose glow  South China Morning Post

Politics

45 h. ago Hong Kong stocks record biggest drop in a week as Chinese equities stumble

Hong Kong stocks record biggest drop in a week as Chinese equities stumble  South China Morning Post

Politics

6 d. ago Can China’s US$22 trillion savings and global investors propel markets higher?

In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign that the rally could continue as overseas investors returned to the nation’s onshore and offshore equities, which are worth a combined US$20 trillion. The Switzerland-based investment director at GAM...

Economics

6 d. ago China’s retail investors armed with US$22 trillion are key to markets’ fortunes

In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here. When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign that the rally could continue as overseas investors returned to the nation’s onshore and offshore equities, which are worth a combined US$20 trillion. The Switzerland-based investment director at GAM...

Economics

9 d. ago Lidar sensor maker Hesai Group gets regulatory approval for Hong Kong IPO

Hesai Group, one of the world’s largest makers of automotive Lidar sensors, received the green light from China’s securities regulator to sell new shares in Hong Kong. The Shanghai-based company plans to issue up to 51.24 million shares on the Hong Kong stock exchange, according to a filing with the China Securities Regulatory Commission (CSRC) on Tuesday. The filing confirmed that the CSRC reviewed and acknowledged Hesai’s materials, without disclosing the fundraising size and timetable for...

Politics

9 d. ago Hong Kong stocks dip as investors eye Nvidia results amid US

Hong Kong stocks dip as investors eye Nvidia results amid US-China tech tensions  South China Morning Post

Economics

1 week ago Evergrande: China’s property giant delisted from Hong Kong stock exchange

Evergrande: China’s property giant delisted from Hong Kong stock exchange  The Guardian

Politics

1 week ago China Evergrande Group delisted from Hong Kong stock exchange

China Evergrande Group delisted from Hong Kong stock exchange  uk.finance.yahoo.com

Politics

1 week ago Dongfeng Motor to list EV unit in Hong Kong, privatise parent firm

Dongfeng Motor, a major state-owned Chinese carmaker, plans to privatise its Hong Kong-traded unit and list its electric vehicle (EV) subsidiary as part of a transition towards electrification. The company – based in Wuhan, the capital of central Hubei province – is offering shareholders HK$6.68 (US$0.85) per share, valuing the listed unit at HK$55.1 billion, according to a filing with the Hong Kong stock exchange late on Friday. The offer represents an 11.9 per cent premium over the closing...

Economics

2 w. ago Hong Kong’s rally has room to run on ‘reasonable’ valuations: Templeton

Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable and Beijing had introduced supportive policies, said Ferdinand Cheuk, portfolio manager at Templeton Global...

Politics

3 w. ago Copper Holds Gains as Investors Await US, China Data This Week

Copper Holds Gains as Investors Await US, China Data This Week  Bloomberg

Economics

3 w. ago China Evergrande to delist, marking a watershed in country’s property crisis

China Evergrande Group on Tuesday said that its Hong Kong shares will be removed on August 25 following the stock exchange’s delisting decision, which the company does not intend to have reviewed. The world’s most indebted property developer was informed by the local bourse on Friday that its listing would be cancelled for failing “to fulfil any of the requirements” to resume trading, the company said in a filing. Evergrande’s shares have been suspended from trading since January 29, 2024 – the...

Events

3 w. ago Evergrande delists from HKEX in milestone for China’s property crisis

China Evergrande Group on Tuesday said that its Hong Kong shares will be removed on August 25 following the stock exchange’s delisting decision, which the company does not intend to have reviewed. The world’s most indebted property developer was informed by the local bourse on Friday that its listing would be cancelled for failing “to fulfil any of the requirements” to resume trading, the company said in a filing. Evergrande’s shares have been suspended from trading since January 29, 2024 – the...

Events

3 w. ago AirAsia plans Hong Kong connectivity expansion and potential stock market listing

Malaysian budget airline AirAsia is looking to expand its network connectivity in Hong Kong as it considers a potential listing next year to capitalise on the city’s status as a major financial and investor hub. The airline’s owner, Capital A Berhad, announced in May that a potential secondary listing on the Hong Kong stock exchange was part of its strategy to broaden access to global capital markets. It said the move followed a meeting with Hong Kong Exchanges and Clearing, in which Capital A...

Politics

4 w. ago Hong Kong stocks surge on China’s surprisingly strong July exports

Hong Kong stocks extended gains into a fourth day on Thursday, as a strong reading on China trade data bolstered hopes that the world’s second-largest economy would sustain growth momentum throughout the year. The Hang Seng Index rose 0.5 per cent to 25,041.03 at the noon break, adding to an aggregate 1.6 per cent gain over the past three days. The Hang Seng Tech Index also rose by 0.5 per cent. On the mainland, the CSI 300 Index and the Shanghai Composite Index both added 0.1 per cent. Alibaba...

Politics

4 w. ago Sunshine Lake Pharma falls in Hong Kong stock market trading debut

Sunshine Lake Pharma’s shares fell in their trading debut in Hong Kong, as the city’s buzz over first-day trading took a breather while the stock market sought fresh directions from mainland China’s macroeconomic statistics and trade talks. Known also as Guangdong Dongyangguang Pharmaceutical, Sunshine was the first stock to commence trading by introduction on the local exchange after a takeover of its Hong Kong-listed subsidiary. Trading under the stock sign 6887, Sunshine’s shares began...

Politics

last month Daily southbound buying via Stock Connect tops US$2.5 billion twice in 2 weeks

Mainland Chinese investors bought HK$23.42 billion (US$3 billion) worth of Hong Kong stocks via the Stock Connect on Tuesday, the second time in two weeks that daily southbound net buying exceeded HK$20 billion, as confidence builds in the city’s market rebound. It marked the largest single-day inflow since April 9, when HK$35.6 billion of net buying was recorded, according to data compiled by Wind. On July 25, net purchases also topped HK$20 billion. So far this year, net purchases through the...

Economics

last month Hong Kong stocks tread water as traders await China data, interim results

Hong Kong stocks tread water as traders await China data, interim results  South China Morning Post

Politics