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HKEXi

Hong Kong Exchanges and Clearing is the holding company for the city’s stock exchange, futures exchange and clearing company. Its market capitalisation made it the world’s biggest listed bourse as of the end of 2012. In December 2012, the HKEX clinched the US$2.2 billion takeover of the London Metal Exchange, the world's biggest marketplace for industrial metals.

 

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Hong Kong’s best years as a financial hub are still ahead as stock exchange launches derivatives based on mainland Chinese equities to attract deep-pocketed institutional investors from across the world

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  • Hong Kong has received 30 per cent more applicants for initial public offerings (IPO) so far in 2024, CEO says
  • On International Women’s Day, HKEX CEO Bonnie Chan says bourse operator has a key role to play in promoting gender diversity of boards

Here is what colleagues and peers say about Hong Kong-born Chan, the first woman and first internal candidate to serve as CEO. How ready is she for the job at a challenging time for the city’s bourse?

Hong Kong Exchanges and Clearing delivers an 18 per cent jump in 2023 earnings as CEO Nicolas Aguzin ends his tenure after a tumultuous three years. Aguzin will pass the baton to Bonnie Chan on Friday.

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Sino Land and Hysan Development, two major Hong Kong property developers, expect ‘uncertainties’ to continue to affect the city’s real estate market, they said in their latest financial reports on Thursday.

Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order against its controlling shareholder, Joywise Holdings, according to a filing with the Hong Kong exchange.

‘Hong Kong stocks posted positive returns in the past four Years of the Dragon,’ finance chief Paul Chan said on the first trading day of Lunar New Year, citing China’s improving economy and potential rate cuts as possible catalysts.

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Nicolas Aguzin will step down as CEO of HKEX at the end of this month, passing on the top role to Bonnie Chan Yiting two months before his contract expires, according to a stock exchange announcement on Friday.

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.

The LME is studying Hong Kong as a location to expand its global metal warehouse network, five sources said, hopeful success in the city might open the door to mainland China, its ultimate target.

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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.

New rules effective January 1 remove a quarterly reporting requirement and streamline transfers to the bourse’s main board, but analysts say the bar is still too high for many small companies

Hong Kong’s listing reforms include easier rules to help connect specialist tech companies with global capital. Fundraising in the city is expected to cross US$12.8 billion this year.

HKEX’s two major listing reforms over the past two years to encourage fundraising by SPACs and specialist technology firms, has yielded little success as IPO volumes plunge to a two-decade low.

For deal flows to be revived, buyers need to be more confident about China’s growth, and they need to see some strong and high-profile deals go through first, industry insiders say.

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Hong Kong’s IPO ranking sank to the 8th this year. But analysts are confident the stock exchange can shrug off a dismal year, pointing to potentially lower rates next year and China’s policy boost for the economy.

Hong Kong attracts a wave of financial services providers eyeing opportunities in the wealth management and family offices space even as dozens of home-grown brokerages pull down shutters.

Hong Kong Exchanges and Clearing (HKEX), which runs Asia’s third-largest stock market, reported strong growth in derivatives trading despite a big fall in new listings, in an indication that the bourse operator has successfully diversified its business model.

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The London Metal Exchange is planning to launch new metals contracts using prices from the Shanghai Futures Exchange, three sources said, further increasing China’s influence on global metals markets.

Chan, a former partner at law firm Davis Polk, joined HKEX as head of listings in January 2020 and was promoted to her current role on February 1 to oversee group strategy, human resources, mainland Chinese development and LME Clear.

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Hong Kong’s ranking fell to sixth place from second in the biennial CG Watch report, with the stock market’s reputation for quality undermined by weighted voting rights, expansion of secondary listings and other issues.

China’s biggest sportswear maker Li Ning’s purchase of a US$282 million mixed office and retail building to house its headquarters in Hong Kong, is a shot in the arm for the city’s slowing office property market.

The changing geopolitical landscape and Asia’s ascent on the global stage are driving regional economies to collaborate more closely, leaders said at the first FII conference to be held in Hong Kong.

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Hong Kong is ideally placed to serve as a bridge between China and the Middle East, with the city’s capital market and government’s focus on tech and innovation acting as catalysts, FII conference participants say.

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Bourse operator HKEX has proposed keeping trading going during such adverse weather, a move that could enhance its revenue as well as bolster the government’s tax collections. The plan could come into force by July.

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The London Metal Exchange and its parent, Hong Kong Exchanges and Clearing (HKEX), are ready to move forward and reboot investor confidence after winning a legal battle against American financial firms over cancelled nickel trades last year.

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CSOP’s Saudi ETF is the first such fund to be listed in Asia, offering access to the US$1 trillion economy and the world’s biggest oil producer Saudi Aramco. The listing adds a feather in the cap of China-Middle East ties.