• Fri
  • Oct 24, 2014
  • Updated: 1:57am

Australian Securities Exchange

Plan to scrap share-sales tax

A senior mainland securities official has proposed scrapping trading tax in the latest sign that Beijing is struggling to prop up the slumbering equities market.

Wednesday, 14 March, 2012, 12:00am

New world breaks for brokers

A whole array of questions has been raised since the announcement that the lunch break at the Hong Kong Exchanges and Clearing (HKEx) will be shortened to one hour from March next year, despite robust opposition from some local brokers and professional organisations.

9 Jul 2011 - 12:00am

CST ponders Australian listing

China Sci-Tech Holdings (CST) may spin off its Lady Annie copper project in Queensland, Australia, on the Australian stock exchange because the company thinks its stock price is 'undervalued'.

19 May 2011 - 12:00am

Lai See

Bashford, the man who just keeps on bouncing back

15 Apr 2011 - 12:00am

How a call warrant works

At its simplest, here's how a call warrant works. Say you want to bet that the share price of XYZ Corp, currently trading at HK$10, will rise. According to the terms of the deal, to bet on one share you have to purchase a minimum of 10 warrants. The strike price is HK$9. Each warrant costs 15 cents, so your total outlay is HK$1.50.

12 Oct 2010 - 12:00am

Jinchuan may fight Zinifex bid for Allegiance

Jinchuan Group, a state-owned mining firm expanding overseas through acquisitions, has urged its Australian partner to reject a hostile takeover offer, in a move analysts that say shows it may make a counter-bid.

12 Jan 2008 - 12:00am

Derivatives trade dominated by brokers

Hong Kong Exchanges and Clearing's annual survey found that more than half of local derivatives trading is conducted by brokers, while local retail investors like to trade miniature contracts, which require a smaller deposit than ordinary contracts.

3 Jan 2008 - 12:00am

Big potential awaits, but leverage can be double-edged sword

Given the stellar growth of wealth management and private banking in the Asia-Pacific region, it should come as little surprise that Hong Kong has emerged as one of the three largest warrant markets in the world for the past five years, according to information provided by Citigroup Global Markets Asia.

15 May 2007 - 12:00am

HKEx tipped to post robust gains amid surge in trading

Hong Kong Exchanges and Clearing is expected to report robust earnings today, with some brokers forecasting an 83 per cent surge in net profit, on the back of active stock trading and increased listings of warrants and mainland companies.

16 Aug 2006 - 12:00am

Sydney prices fall as other Australian cities gain ground

Home values in the nation's biggest city slipped 5pc in the past year, enabling Melbourne, Canberra and Darwin to start bridging the gap

Real estate agents are talking it up and investors and vendors are hoping it is true, but there is still no guarantee that after a flat 2005 the Australian property market will bounce back this year.

22 Feb 2006 - 12:00am

HKEx goes ahead with proposals for smaller spreads

Hong Kong Exchanges and Clearing yesterday went ahead with its controversial proposal to narrow the trading spreads on more than 1,000 stocks from July this year despite strong opposition from retail investors and small brokers.

16 Feb 2006 - 12:00am

China's insiders regain their faith

Last Tuesday was the busiest day Zheng Haijing has seen in a long time.

Ms Zheng is a cashier at the Huaxia Fund Management outlet on Beijing's Financial Street, and after Monday's post-Spring Festival rally in the A-share market she had more customers in a day than she normally has in a week.

11 Feb 2006 - 12:00am

Exchange calls for revamp of warrants trade rules

Price distortions and sales incentives are targeted to reduce market volatility

The stock exchange has called on the securities watchdog to review its rules for a form of investment suspected of contributing to market turmoil that sent the Hang Seng Index plunging 300 points early last month.

11 Oct 2005 - 12:00am

Investors switch on to utilities

Infrastructure plays, such as electricity companies, are attracting more interest

They may look like boring, old-fashioned investments - but more and more savvy investors are switching onto infrastructure plays such as electricity utilities to protect against inflation.

9 Oct 2005 - 12:00am

Debate resurfaces over volatility of warrants

Some brokers say heavy trading in the paper and hedging activities accelerate the stock sell-off

The 301-point drop on the Hong Kong stock market yesterday may revive the old debate over the inherent volatility of warrants and their alleged ability to transform an orderly retreat into a chaotic rout.

19 Aug 2005 - 12:00am