Topic

HKEXi

Hong Kong Exchanges and Clearing is the holding company for the city’s stock exchange, futures exchange and clearing company. Its market capitalisation made it the world’s biggest listed bourse as of the end of 2012. In December 2012, the HKEX clinched the US$2.2 billion takeover of the London Metal Exchange, the world's biggest marketplace for industrial metals.

 

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Attracting listings to the bourse from Southeast Asia, the Middle East and other regions, and introducing trading when typhoon signal No 8 is in force are at the top of his list.

Hong Kong’s best years as a financial hub are still ahead as stock exchange launches derivatives based on mainland Chinese equities to attract deep-pocketed institutional investors from across the world

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  • Asian investors represented more than 17 per cent of qualified foreign investor activity on the Saudi Exchange’s main market in the first quarter
  • Market’s size, high liquidity, and diverse products have established the Saudi exchange as a global investment destination of choice, CEO says

The small-business financing platform co-founded by former HKEX chief Charles Li Xiaojia said it is asking staff to invest in the start-ups it backs, confirming an online article that sparked widespread discussion on social media.

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The Saudi stock exchange will weigh its reforms against the likes of the Hong Kong stock exchange as it bids to become a leading global capital market, Tadawul Group’s Nayef Al-Athel says.

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Hong Kong Exchanges and Clearing, which runs the third-largest stock exchange in Asia, sees more listings from the Middle East and mainland China as market sentiment turns bullish, according to its CEO.

The new financial product underscores the flurry of collaborations and accords between Hong Kong and Riyadh since the February 2023 visit by Chief Executive John Lee Ka-chiu to the kingdom.

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Hong Kong’s IPO market is healing and investors are returning, drawn by a generation of innovative, little-known companies that will also provide a rich vein of investment banking business for years to come, says Citigroup’s Asian head of investment banking.

Carlson Tong Ka-shing, a veteran accountant and former head of the city’s market regulator, will work with CEO Bonnie Chan, as the exchange grapples with low market turnover and a decline in new listings.

Net profit for the January-to-March period came in at HK$2.97 billion (US$380 million), or HK$2.35 per share, beating a consensus estimate of a 14 per cent decline and improving on the fourth quarter of 2023 by 14 per cent.

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Hong Kong offers plenty of wealth management and stock market opportunities despite headwinds and uncertain economic outlook in China, according to speakers at the Apec Business Advisory Council summit.

The ISSB, a sustainability-reporting standard-setting body, will vote this week to add biodiversity-related disclosures to its work plan, paving the way for such standards to become the global baseline.

China’s capital market regulators have announced a package of measures to boost liquidity, attract international investors and enhance competitiveness between the mainland and Hong Kong.

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Laura Cha worked hard to elevate Hong Kong’s prominence on the international stage since she became the first and only female chairman of HKEX in 2018. As her tenure draws to a close, she believes that aim is no less important today.

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Companies in Saudi Arabis and Indonesia have shown a genuine interest in Hong Kong’s IPO market, Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing, says at a Legislative Council meeting on Monday.

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Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing, were speaking at Fortune Innovation Forum 2024.

Embattled property developer Country Garden said it is injecting funds into an unfinished skyscraper project by introducing a new partner, an announcement which sent its shares soaring.

HKEX received 30 per cent more IPO applications so far in 2024, with start-ups eyeing capital raising as interest rates turn a corner, says newly-appointed CEO Bonnie Chan.

Here is what colleagues and peers say about Hong Kong-born Chan, the first woman and first internal candidate to serve as CEO. How ready is she for the job at a challenging time for the city’s bourse?

Hong Kong Exchanges and Clearing delivers an 18 per cent jump in 2023 earnings as CEO Nicolas Aguzin ends his tenure after a tumultuous three years. Aguzin will pass the baton to Bonnie Chan on Friday.

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Sino Land and Hysan Development, two major Hong Kong property developers, expect ‘uncertainties’ to continue to affect the city’s real estate market, they said in their latest financial reports on Thursday.

Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order against its controlling shareholder, Joywise Holdings, according to a filing with the Hong Kong exchange.

‘Hong Kong stocks posted positive returns in the past four Years of the Dragon,’ finance chief Paul Chan said on the first trading day of Lunar New Year, citing China’s improving economy and potential rate cuts as possible catalysts.

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Nicolas Aguzin will step down as CEO of HKEX at the end of this month, passing on the top role to Bonnie Chan Yiting two months before his contract expires, according to a stock exchange announcement on Friday.

The government is actively engaging with mainland Chinese regulators to speed up the approval process for companies listing in the city. Measures will also be rolled out to attract family offices and wealthy individuals.

The LME is studying Hong Kong as a location to expand its global metal warehouse network, five sources said, hopeful success in the city might open the door to mainland China, its ultimate target.

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