HONG KONG (BLOOMBERG) - Hong Kong Exchanges & Clearing (HKEX) posted a 1 per cent gain in profit, benefiting from a spate of high-profile Chinese stock listings and a pick up in trading as the coronavirus pandemic and political tensions stoked volatility.. Read more at straitstimes.com.
HONG KONG - Hong Kong Exchanges & Clearing posted a 1 per cent gain in profit, benefiting from a spate of high-profile Chinese stock listings and a pick up in trading as the coronavirus pandemic and political tensions stoked volatility.
Investors have been flocking to the bourse this year, propelling its share price up by almost 50 per cent. A number of Chinese technology firms have sold shares in the city amid concern over their US listings. Stock trading jumped 33 per cent in the first half, helped by an increase in inflows from the mainland, fueling speculation that Beijing is seeking to stabilize the former British colony after imposing a sweeping new security law on the financial hub.
The strategy of tying the exchange tighter to China, an overarching aim of CEO Li who's slated to step down in 2021, is expected to pay off over at least the next few years. The exchange is set to soon welcome a mega listing by Chinese billionaire Jack Ma's Ant Group, which could be among the biggest such deals ever.
The market is betting that HKEX's prospects will be boosted by an influx of tech giants over the next two to three years, which will drive trading, said Alex Wong, asset management director at Ample Capital Ltd.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong commerce secretary Edward Yau says will discuss 'made in China' labelling with USHONG KONG (REUTERS) - Hong Kong Commerce Secretary Edward Yau told CNBC on Monday (Aug 17) that rising US-China tensions are 'unhelpful' and that he will take up with the US government the matter of Hong Kong goods for export to the US to be labelled made in China.. Read more at straitstimes.com.
Read more »
Hong Kong singer G.E.M. celebrates her 29th birthday with stylist boyfriendHong Kong singer-songwriter Gloria Tang, better known as G.E.M., celebrated her 29th birthday with stylist boyfriend Mark Ngai on Sunday (Aug 16).. Read more at straitstimes.com.
Read more »
Hong Kong actress Carman Lee, of Condor Heroes fame, reveals her actual ageHong Kong actress Carman Lee, known for playing Xiao Long Nu (Little Dragon Maiden) in the 1995 TV adaptation of Louis Cha's The Return Of The Condor Heroes, recently revealed her actual age and talked about why she has remained single.. Read more at straitstimes.com.
Read more »
Hong Kong commerce secretary says will discuss 'made in China' labelling with US: CNBCHong Kong Commerce Secretary Edward Yau told CNBC on Monday that rising U.S.-China tensions are 'unhelpful' and that he will take up with the U.S.
Read more »
Hong Kong records 44 new COVID-19 cases as distancing measures extendedHONG KONG: Hong Kong reported 44 new COVID-19 cases on Monday (Aug 17) as the government announced an extension to social distancing measures ...
Read more »
Pro-democracy Milk Tea Alliance brews in Asia with movements in Thailand, Hong Kong and TaiwanBANGKOK/HONG KONG (REUTERS) - As Hong Kong pro-democracy advocates voiced support for Thai anti-government protests over the weekend, they used the hashtag MilkTeaAlliance.. Read more at straitstimes.com.
Read more »