Latest news and analysis about the Hong Kong stock market, including market movements, policies, stock sales, and related exchange filings.
The new link between the exchanges in London and Shenzhen is also a boost for Hong Kong, as it will complement city’s role as one of the world’s most important financial hubs.
Plan will not only lift Hong Kong’s reputation as an international financial centre, but also enhance the liquidity of its bourse.
More than just bragging rights, the health of the capital market can also underscore the city’s status as a global financial hub.
The city will remain a crucial stepping stone for Chinese companies and investors to tap overseas funds, and provide the key gateway for global capital.
The Economic Daily and other outlets published articles talking up onshore stocks and the country’s growth prospects after global fund managers sold US$1.7 billion of yuan-denominated stocks in May.
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.
Hong Kong stock markets finished higher on growing hopes Beijing will unveil stimulus measures to support the economy while sentiment was also lifted by positive news from the US where strong jobs data and lifting of the debt ceiling bolstered Asia’s regional markets.
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
It has all gone sour for Chinese stocks after a peak in late January, as economic reports suggest China’s post-Covid-19 recovery is faltering. Goldman is dialling back its bullish targets.
Local stocks completed the biggest rally in three months amid optimism China will soon deliver the much needed stimulus to revive its recovery momentum. BYD led EV makers after delivering record sales in May.
Stocks declined, after successive losses in April and May pushed the city’s market barometer closer into bear-market territory. Investors should not expect an “irrigation-style” stimulus from China, BCA Research says.
Hong Kong stocks are likely to rebound from heavy sell-offs in the second half of the year as a potential easing of monetary policy boosts China’s economic recovery, says Hang Seng Qianhai Fund Management.
AI and electronics firm Mobvoi aims to raise up to US$300 million, while pharmaceutical company HighTide targets up to US$200 million amid a lacklustre year for IPOs in the city.
At least 26 companies disclosed buy-backs totalling HK$667 million (US$85.2 million) on Tuesday, according to data compiled by Securities Times. AIA has been the most active this year, acquiring shares worth HK$12.5 billion.
The Hang Seng Index fell but avoided ending the day in bear-market territory after a report showed China’s manufacturing declined in May.
The HSCEI fell by as much as 1 per cent in intraday trading, taking its decline from this year’s peak on January 27 to 20.4 per cent. Sell-offs in China assets have deepened after economic data trailed estimates in April.
BNY Mellon has joined Citigroup and Jefferies in becoming less bullish on Chinese stocks, after economic data fell short of estimates in April. It expects the yuan to trade above the 7 mark for the foreseeable future.
Hong Kong stocks rose slightly as sentiment remained cautious while traders awaited the fate of the US debt-ceiling deal in Congress this week.
US investment bank has recommended adding exposure to Chinese consumer stocks, as an improvement in the country’s jobs market is set to boost household incomes and unwind excess savings to further buoy consumption.
Hong Kong stocks gave up their initial gains triggered by an agreement between US lawmakers to raise the US debt ceiling and avert a default, as investors worried about demand conditions in China following downbeat industrial profits data.
Some 24 Hong Kong-listed companies apply for permission for their shares to be traded in both yuan and Hong Kong dollar currencies, which would spur the yuan internationalisation campaign and consolidate the city’s status as a leading offshore yuan hub.
Policy easing measures and signs of a stabilisation in geopolitical tensions will be key catalysts to shore up sentiment, some analysts say.
Veteran analyst Chen Li has become upbeat about Hong Kong stocks, as current prices are yet to reflect an improving outlook for earnings growth with investors too preoccupied over geopolitical risks.
Hong Kong stocks dropped for a third day as Lenovo and Xpeng reported disappointing earnings amid China’s weak economic recovery. A stalemate in debt ceiling talks in the US continued to sap sentiment.
The worst is not over yet for Chinese brokerages, which have already seen a wave of job cuts, shutdowns and bonus reductions, as business performance is expected to remain sluggish following Beijing’s stern response to high salaries and brokerage fees.
Hong Kong stocks slumped for a second day as the lack of progress on the US debt ceiling talks continued to weigh on sentiment.
Chinese pharmaceutical stocks gain traction again, as health authorities said new vaccines targeting coronavirus variants are in the pipeline to tackle Covid-19 outbreaks.
The company’s disappointing result suggests that many of China’s smaller businesses are still grappling with the fallout of three years of relentless Covid-19 restrictions.
Stocks in Hong Kong fell at Tuesday’s close after a jittery day of trading as investors stayed alert to developments in the protracted US debt ceiling negotiations and a spike in tensions between Beijing and Washington.
Asian stock markets such as Japan are now the hottest bet as investors turn away from China’s sluggish recovery and chase equity opportunities elsewhere in the region, according to strategists.
Hong Hao, the chief economist at Grow Investment Group, sees Chinese stocks climbing in the event of a soft landing for the US economy or even if the world’s largest economy slides into a recession.
Hong Kong stocks climbed from a two-month low on Monday morning as Beijing’s ban on Micron Technology over security concerns propelled a rally in Chinese chip makers.
The Federal Reserve’s policy tightening and the recent banking-sector crisis are weighing on the US economy, which is staring at a possible recession in 2024, Daniel Ivascyn, Pimco’s CIO, tells the Post.