https://www.scmp.com/rss/322799/feed The latest news, analysis and opinion on SEHK Special. In-depth analysis, industry insights and expert opinion. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Given the uncertainties over growth in mainland China’s economy and more US interest rate hikes, total fund raising in Hong Kong in the first quarter of 2017 was lower than in the corresponding period in 2016, and the city lagged behind New York, Shanghai and Shenzhen as the fourth largest initial public offering (IPO) market. However, there was a tremendous increase in the number of small- to medium-sized floatations. This shows that Hong Kong’s IPO market has remained active and has not been... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100194/deal-or-no-deal-hong-kongs-ipo-market?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100194/deal-or-no-deal-hong-kongs-ipo-market?utm_source=rss_feed Tue, 27 Jun 2017 08:23:16 +0000 Hong Kong Science and Technology Parks (HKSTP) and Hong Kong Exchanges and Clearing (HKEX) have launched a platform to nurture technology companies and help them to go public in Hong Kong. The “Road to IPO” (initial public offering) platform is also aimed at accelerating the development of Hong Kong’s innovation economy and strengthening its position as a technology investment hub in the region. The platform was created to help technology companies through the multistage, multiyear process as... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100189/hong-kongs-innovation-economy?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100189/hong-kongs-innovation-economy?utm_source=rss_feed Tue, 27 Jun 2017 08:18:02 +0000 Last month, the world watched helplessly during a cyberattack when the WannaCry ransomware exposed weaknesses in government institutions and corporate organisations alike. Major security vulnerabilities were exposed in over 230,000 systems in over 150 countries within 24 hours, while data from organisations such as Britain’s NHS and Spanish tele-communications giant Telefonica was held hostage via encryption and only returned when a Bitcoin ransom was paid. It’s an issue that Hong Kong’s... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100187/exposed-and-risk-firms-are-too-slow?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100187/exposed-and-risk-firms-are-too-slow?utm_source=rss_feed Tue, 27 Jun 2017 08:13:08 +0000 A robust and effective internal control system is particularly important to publicly-listed companies. While its focuses may vary, depending on the size and industry of the company, top management needs to ensure that internal control measures are being carried out by staff at all levels, and their procedures are also reviewed regularly for their effectiveness and the identification of emerging risks. Unlike a private company, where the shareholders and management can exercise their... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100185/regular-reviews-internal-controls-help?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100185/regular-reviews-internal-controls-help?utm_source=rss_feed Tue, 27 Jun 2017 08:10:38 +0000 Two years after the launch of the much-trumpeted Shanghai-Hong Kong Stock Connect, a second connection was unveiled late last year. The Shenzhen-Hong Kong Stock Connect has combined and expanded cross-border trading links, and improved the mutual access between Hong Kong and mainland stock markets. The protection of investors’ interests has been in place to ensure a smooth launch of the Shenzhen-Hong Kong Stock Connect programme. Similar to the arrangements for Shanghai-Hong Kong Stock Connect,... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100181/stock-connect-initiatives-enhance-hong?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100181/stock-connect-initiatives-enhance-hong?utm_source=rss_feed Tue, 27 Jun 2017 08:06:35 +0000 The much-anticipated Bond Connect scheme between Hong Kong and mainland China’s bond markets may help improve market liquidity and it is expected to help accelerate the pace for the internationalisation of the yuan. The scheme is likely to increase the appeal of Hong Kong’s IPO market. Edward Au, co-leader, national public offering group, Deloitte China, says new market connectivity programmes, such as Equity Connect and Bond Connect, and their peripheral product and service offerings will... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100178/bond-connect-scheme-offers-positive?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100178/bond-connect-scheme-offers-positive?utm_source=rss_feed Tue, 27 Jun 2017 08:02:30 +0000 Being one of the leading international financial centres, Hong Kong may need to explore emerging opportunities and to match capital with diverse types of enterprises. And one key growth opportunity is in innovation and technology companies. Looking at this chance, the Hong Kong Exchanges and Clearing (HKEX) has launched a public consultation for a third board, after the main board and the growth enterprise market, to allow more technology companies to list in the city. Hong Kong’s capital market... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100176/hkex-eyes-third-board-draw-more?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100176/hkex-eyes-third-board-draw-more?utm_source=rss_feed Tue, 27 Jun 2017 07:58:35 +0000 Fintech is increasingly being driven by big data, machine learning and artificial intelligence (AI), and is being used for a range of applications from credit underwriting and banking compliance processes to the use of robo-advisers for investment recommendations. “People have become very interested in big data and AI and they are growing rapidly. Large enterprises and start-ups are spending much more effort on building business cases in these areas and applying these technologies to solve... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100174/large-enterprises-and-start-ups-focus?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100174/large-enterprises-and-start-ups-focus?utm_source=rss_feed Tue, 27 Jun 2017 07:53:51 +0000 Hong Kong has had periodic dips in mergers and acquisition (M&A) activity, but many analysts have expressed optimism. “We saw a declining trend since 2014/15 in terms of number of M&A deals, but are seeing an upward trend brought about by the ‘Belt and Road Initiative’ [Beijing’s global trade strategy], and increasing acquisitions by large mainland Chinese enterprises,” says Raymond Cheng, managing director of HLB Hodgson Impey Cheng. While the rise in deals involving mainland Chinese companies... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100173/ma-deals-increase-big-chinese?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100173/ma-deals-increase-big-chinese?utm_source=rss_feed Tue, 27 Jun 2017 07:48:23 +0000 The principle of a well-balanced portfolio dictates a prudent mix of asset classes, but it also allows for a proportion of picks towards the higher-risk end of the spectrum. And, with the next six months increasingly seen as a period of likely consolidation in major equity markets, private investors have particular reason to take a fresh look at some of the less obvious options. “Potential opportunities, which may have higher inherent risk but offer a higher return outlook currently include... https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100172/higher-risk-reward-investment-strategy?utm_source=rss_feed https://www.scmp.com/special-reports/business/topics/hkex-special/article/2100172/higher-risk-reward-investment-strategy?utm_source=rss_feed Tue, 27 Jun 2017 07:45:26 +0000 Hong Kong’s stock market’s recent volatile run has seen it  edging close to bear territory, triggered by uncertainties over mainland China’s economic growth and the state of  the global economy. Nonetheless, Hong Kong  remains the world’s top market for initial public offerings (IPO) in terms of  funds  raised and number of listings in the first five months of this year. This highlights Hong Kong’s leading position in the global capital markets, says Benson Wong, assurance partner at PwC Hong... https://www.scmp.com/business/markets/article/1976809/hong-kong-retains-spot-worlds-top-ipo-market-first-five-months-2016?utm_source=rss_feed https://www.scmp.com/business/markets/article/1976809/hong-kong-retains-spot-worlds-top-ipo-market-first-five-months-2016?utm_source=rss_feed Sun, 19 Jun 2016 16:00:45 +0000 Opinion remains divided on the Hong Kong Exchanges and Clearing’s (HKEx) proposal to launch a third board. Its 2016/18 strategic plan wants a third board for companies, unable to meet the profit requirements of the main board or the trading criteria of the Growth Enterprise Market (GEM). Andrew Lam, BDO’s director and head of business development of assurance department, says if a third board is to be introduced, it will need to have a very clear and distinct positioning which should be... https://www.scmp.com/business/markets/article/1976766/hkexs-proposed-third-board-draws-mixed-reaction-industry?utm_source=rss_feed https://www.scmp.com/business/markets/article/1976766/hkexs-proposed-third-board-draws-mixed-reaction-industry?utm_source=rss_feed Fri, 17 Jun 2016 04:26:57 +0000 The long-anticipated Shenzhen-Hong Kong Stock Connect is likely to differentiate itself from the Shanghai-Hong Kong Stock Connect by drawing more hi-tech companies from the southern mainland city to raise capital from Hong Kong, according to a consultant. Ringo Choi, EY’s Asia-Pacific IPO leader, believes the scheme, which is likely to be launched within this year, will be diverse for investors. “The scheme is expected to allow investors to trade on both bourses under a quota system,” he... https://www.scmp.com/business/markets/article/1976735/shenzhen-hong-kong-stock-connect-likely-offer-investors-greater?utm_source=rss_feed https://www.scmp.com/business/markets/article/1976735/shenzhen-hong-kong-stock-connect-likely-offer-investors-greater?utm_source=rss_feed Fri, 17 Jun 2016 03:30:15 +0000 Hong Kong Exchanges and Clearing (HKEX) has explored various possibilities to collaborate with exchanges around the world and in mainland China to further develop its commodities business. In March, HKEX and the Shanghai Gold Exchange (SGE) formally signed a memorandum of understanding (MoU) to explore various areas of mutual interest, including the joint development of precious metals products and cross-market connectivity. It also plans to set up a metal trading platform in Qianhai Free Trade... https://www.scmp.com/business/markets/article/1976728/hkex-explores-collaborations-further-develop-its-commodities?utm_source=rss_feed https://www.scmp.com/business/markets/article/1976728/hkex-explores-collaborations-further-develop-its-commodities?utm_source=rss_feed Fri, 17 Jun 2016 03:00:00 +0000