Hong Kong Exchanges and Clearing

Exchange duplicates SFC’s regulatory role

Charles Li reiterated HKEx's role as a regulator of listed companies. Photo: Jonathan Wong

Now that the Securities and Futures Commission has declared it will enhance its role as a corporate regulator, what role should Hong Kong Exchanges and Clearing play in regulating listed companies?

Tuesday, 4 March, 2014, 2:08am

Exchanges operator HKEx's earnings growth of 11pc trails market estimates

HKEx chief executive Charles Li speaks at the results announcement yesterday. He called for patience from investors. Photo: Jonathan Wong

Higher operating expenses and depreciation costs resulting from the takeover of London Metal Exchange saw Hong Kong Exchanges and Clearing report lower-than-expected earnings yesterday, and brokers warn of the challenges ahead.

27 Feb 2014 - 12:28am

Hang Seng Bank's Margaret Leung against quota for female directors

Margaret Leung Ko May-yee. Photo: Nora Tam

Hong Kong Exchanges and Clearing's newly appointed female director is opposed to the idea that the city should follow the example set by some European countries to introduce a quota system as a fast track to put more women on company boards.

27 May 2013 - 7:36am 2 comments

HKEx director Margaret Leung smashes the glass ceiling

HKEx director Margaret Leung left banking a year ago, after choosing a career full of 'challenges and responsibilities'. Photo: Jonathan Wong

Leung made history in 2009 when she became the first female chief executive of Hang Seng Bank. In 2005, she was the first Chinese woman to make it to the position of HSBC group general manager.

27 May 2013 - 5:09am

All rain, no gain for HKEx as storm alert halts trading

It was weather for ducks, not investors, in the city yesterday. The rainstorm warning was issued just after 4am. Photo: Felix Wong

Hong Kong's first black rainstorm warning since 2010 forced the stock exchange to halt trading yesterday morning, resulting in lost turnover of more than 10 per cent for the world's biggest exchange operator.

23 May 2013 - 4:27am

HKEx looks at link-up with mainland bourses on commodity sales

Plans to boost commodities trading were revealed by Hong Kong Exchanges and Clearing's chief executive Charles Li (left) and chairman Chow Chung-kong. Photo: May Tse

Hong Kong Exchanges and Clearing is looking at a link-up with the mainland's commodities exchanges to develop commodities trading in the city, chief executive Charles Li Xiaojia said yesterday.

25 Apr 2013 - 5:40am

Talking points

Henry Tang Ying-yen

The wife of former chief secretary Henry Tang Ying-yen and three others make their first court appearance in the case over the city's most infamous basement.

7 May 2015 - 3:30pm

HKEx to reduce fees for trading stock options

Hong Kong Exchanges and Clearing hopes market activity in stock options will pick up when fees are cut in May. Photo: David Wong

Twenty-six series of stock options will have their fees reduced by up to 83 per cent from May 2, as part of a range of measures unveiled yesterday to promote stock options, after the market operator recorded a drop in turnover last year.

21 Mar 2013 - 5:20am

LME deal and poor market trade cut HKEx profit

Hong Kong Exchanges & Clearing chief executive Charles Li Xiaojia said HKEx's markets had a "down year last year, both in terms of funds raised and turnover". Photo: SCMP

An expensive acquisition and poor market turnover contributed to Hong Kong Exchanges and Clearing's 20 per cent drop in net profit last year. Analysts say the outlook for the operator of the stock and futures markets is not optimistic.

28 Feb 2013 - 4:47am

HKEx opens stronger and faster computing centre

HKEx's new data centre in Tseung Kwan O. Photo: K.Y. Cheng

The centre is a step in HKEx's HK$3 billion upgrading of its technology to compete with challenges from other global exchanges and to weather external shocks.

1 Feb 2013 - 5:23am

Commodities broker Newedge eyes world's fastest-growing market

Hong Kong Exchanges and Clearing's takeover of the London Metal Exchange is seen as a win-win situation. Photo: David Wong

International metal and commodities broker Newedge, a member of the London Metal Exchange, plans to expand in Asia.

14 Jan 2013 - 3:01am

HKEx revamp comes with LME deal

Charles Li says the LME acquisition will allow the Hong Kong bourse to become a real integrated international exchange. Photo: May Tse

Hong Kong Exchanges and Clearing has unveiled a new management structure following its takeover of London Metal Exchange.

The exchange would also launch more yuan-denominated commodities products as it moved to take advantage of the internationalisation of the currency, chief executive Charles Li Xiaojia said.

8 Jan 2013 - 4:21am

Making it to the top just start of long road for women

Susanna Chiu has been elected president of the Hong Kong Institute of Certified Public Accountants. Photo: SCMP

Good news on the affirmative action front last week, with a woman claiming one of the top positions in the financial world.

But that could be the start of a hard road as women now need to show how well they can contribute to the boards of listed companies.

18 Dec 2012 - 3:59am 2 comments

HKEx listed companies told to woo women directors

Su-Mei Thompson

The stock exchange will require all listed companies to have policies to encourage more women and people of different ages and knowledge to join their boards from September next year.

14 Dec 2012 - 3:00am

Cheung Tin-sang: Broker with the personal touch

Paul Chow, former chief executive of Hong Kong Exchanges and Clearing (left), with veteran broker Cheung Tin-sang. Photo: Enoch Yiu

In the era of the mega firm, you may wonder why there are still 430 small brokerages active in the city. The answer may well be the innate human need for relationships.

Cheung Tin-sang, who turned 75 last weekend, is a typical example of how traditional brokers survive in the city.

11 Dec 2012 - 2:55am