A pedestrian passes by the electronic screen of the Hong Kong stock exchange in Hong Kong on June 6, 2023.  Photo: AP
IPO

Hong Kong’s IPO market set for slow recovery, with 2023 numbers to surpass 2022

6 hours ago

PwC Hong Kong estimates that around 100 companies will list in Hong Kong in 2023, with total funds raised as high as US$21.7 billion, surpassing 2022’s totals but falling far short of 2021’s.

A pedestrian passes by the electronic screen of the Hong Kong stock exchange in Hong Kong on June 6, 2023.  Photo: AP

Hong Kong’s IPO market set for slow recovery, with 2023 numbers to surpass 2022

PwC Hong Kong estimates that around 100 companies will list in Hong Kong in 2023, with total funds raised as high as US$21.7 billion, surpassing 2022’s totals but falling far short of 2021’s.

6 hours ago

Hong Kong stocks recovery spurred by regulator support for domestic demand

Hong Kong stocks stage a turnaround after assuring comments from China’s finance regulators that policy measures are planned to spur economic activity and following deposit rate cuts by the nation’s major banks. The market had opened on a weak note after a surprise rate increase by Canada’s central bank.

2 hours ago

Lose your bias against Chinese stocks for higher reward, JPMorgan unit says

Keeping an underweight position in favour of ‘home bias’ could be a drag on performance, the private bank says. Although China has lagged this year, economic recovery is durable and ‘the tide could be turning.’

7 Jun 2023 - 11:56AM
Hong Kong Exchange Square in Central. 02JUN23 SCMP / Xiaomei Chen

Hong Kong stocks recovery spurred by regulator support for domestic demand

Hong Kong stocks stage a turnaround after assuring comments from China’s finance regulators that policy measures are planned to spur economic activity and following deposit rate cuts by the nation’s major banks. The market had opened on a weak note after a surprise rate increase by Canada’s central bank.

2 hours ago
China stock market

Lose your bias against Chinese stocks for higher reward, JPMorgan unit says

Keeping an underweight position in favour of ‘home bias’ could be a drag on performance, the private bank says. Although China has lagged this year, economic recovery is durable and ‘the tide could be turning.’

Keeping an underweight position in favour of ‘home bias’ could be a drag on performance, the private bank says. Although China has lagged this year, economic recovery is durable and ‘the tide could be turning.’

7 Jun 2023 - 11:56AM
Banking & finance

Hong Kong’s SFC ‘happy to discuss’ support for tokenisation in fund industry

Hong Kong’s markets watchdog is “very supportive” of the industry using new technology, including tokenisation, an executive of the Securities and Futures Commission said on Monday.

Hong Kong’s markets watchdog is “very supportive” of the industry using new technology, including tokenisation, an executive of the Securities and Futures Commission said on Monday.

6 Jun 2023 - 9:03AM

After US$382 billion rout, Nomura joins Goldman in cutting China stock targets

More analysts are toning down their bullish expectations on Chinese stocks after recent data misses. Without a bigger slide in the economy, chances of a big policy stimulus are low, Nomura said.

5 Jun 2023 - 3:53PM
After US$382 billion rout, Nomura joins Goldman in cutting China stock targets

Online brokerage Futu Holdings to set up physical store in Hong Kong

Online brokerage Futu Holdings is building a physical store in Hong Kong after it was ordered to remove its trading platform from mainland China’s app stores and banned from soliciting new business from the mainland

2 Jun 2023 - 5:53PM