Topic

Stock Connecti

The mechanism by which international investors can trade via the Hong Kong stock exchange to directly access stocks listed in mainland China. The scheme, launched in November 2014, adds more than 800 companies with market capitalisations equivalent to US$1 billion or more to the universe of stocks available to global investors. It marks a significant reform and liberalisation of China’s capital markets.

Advertisement
  • Fourth-quarter earnings of Chinese companies are trailing those of peers in the rest of Asia, according to Goldman Sachs
  • Sentiment remains cautious ahead of the Fed’s meeting later this week
Advertisement
Advertisement

South Korea plans to review the sale of potentially high-risk investments after a probe found that banks mis-sold China-linked structured products, exposing retail investors to more than US$4 billion in losses.

The minimum asset requirement for investing in Hong Kong equities via the Stock Connect scheme should be cut to 100,000 yuan (US$13,900) from 500,000 yuan, SFC chairman Tim Lui says.

videocam

Hong Kong stocks rose, amid expectations global central banks will ease monetary conditions this year following dovish comments from heads of the US Federal Reserve and the ECB.

Hong Kong stock markets weakened, led by big losses in Wuxi Biologics and Wuxi AppTec, after a US bill proposed restricting business with Chinese biotech companies on national security grounds.

Tech stocks lead Hong Kong stock markets higher ahead of e-commerce giant JD.com’s results as focus returned to corporate earnings after mood was dampened by the lack of stimulus at China’s ongoing annual parliamentary meeting

Hong Kong stocks ended unchanged but the mood was cautiously optimistic as investors awaited details from a meeting of lawmakers in Beijing, where it is widely expected that steps to support the market and the economy will be unveiled.

The government’s recent adjustments are ‘steps in the right direction’, but further relaxations are needed to revitalise the industry, according to the Asian Securities & Financial Markets Association.

Foreign investors bought a net 60.7 billion yuan (US$8.4 billion) of onshore shares in February through the Stock Connect programme, ending an unprecedented six months of selling.

The Hang Seng Index capped a third week of gains despite a choppy trading on Friday as traders banked on more China policies to lift stock prices. New home prices fell in fewer mainland cities last month.

Local stocks rallied as Trip.com closed at an all-time high and Nvidia’s bullish forecast fuelled tech gains. China’s onshore stocks also logged an impressive winning streak not seen since July 2020.

Lingjun Investment has apologised after being slapped with a three-day trading ban in Shanghai and Shenzhen. ‘Disruptive’ trading by quant hedge funds are being scrutinised by authorities who are seeking to prevent further losses in local stocks.

videocam

The Hang Seng Index hit the highest level since January 5 as the city’s top developers paced gainers. A surge in subscriptions in China’s biggest exchange-traded funds fuelled bets on stronger market intervention.

videocam

A three-day winning run in the Year of the Dragon has come to an end as tech stocks paced losses. China’s central bank maintained its policy rate, while the Hang Seng Index membership stayed at 82 in the latest review.

videocam

No new companies will be added to the Hang Seng Index in March, leaving the total number of constituents unchanged at 82, according to the latest quarterly review by Hang Seng Indexes Company.

Local stocks are set for an auspicious start to the Year of the Dragon as gains in Tencent, Alibaba and Galaxy overcome early jitters. Chinese firms suffer the brunt of deletions in MSCI’s latest review of its global indices.

videocam

‘People are interested in India for several reasons, one is simply it’s not China,’ says Vikas Pershad, a money manager at M&G Investments in Singapore. ‘There’s a genuine long-term growth story here.’

videocam

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.

China’s policymakers soothe markets with stimulus balm, and respite may be brief as geopolitical, economic and policy risks lurk in the world’s second largest economy.

Stocks advanced, adding to a rebound last week on bets China will deliver more supporting measures. China Evergrande slumped after losing a winding-up litigation in Hong Kong.

videocam

Today, not much resembles the reels in Blossoms Shanghai. China’s legion of 200 million retail investors can be forgiven for hankering for that gravity-defying bygone era of the 1990s.

videocam

The bill cites Chinese entities such as Third Military Medical University and Key Laboratory of High-Altitude Medicine as examples of ‘espionage tools’ of the Communist Party.

videocam

The Hang Seng Index marked its first winning week of the year, but the gains were trimmed to 4.2 per cent. Geopolitical risks will continue to be an overhang as this is an election year, Dickie Wong of Kingston Securities says.

Hong Kong’s role as a ‘superconnector’ between the capital markets of mainland China and the rest of the world will continue because of hugely untapped investment opportunities, HKEX CEO says.

China’s liquidity injection will help repair fragile sentiment towards the world’s second largest equity market, investment chief Rene Buehlmann says, adding that valuations are ‘very attractive’.

Stocks advanced for a third day, helping the market recoup more than US$400 billion of value since the plunge on Monday. The rout has galvanised Chinese authorities to act and repair confidence among investors.