Hong Kong stock market

Slow China Growth Spooks Investors

Hong Kong’s benchmark index fell the most in more than a week on Monday, as the South China Morning Post reports that surprisingly poor economic data out of China drove investors to dump stocks. And while one economist...

Hong Kong Shares Inch Higher

After the drop in the Hang Seng Index due to the news of Kim Jong-il’s death and fears of instability in the region, Hong Kong stocks were able to rebound and close up 0.1 percent. Business Week reports: The Hang Seng...

China’s ‘Through-Train’ Test

China’s experiment with letting mainlanders invest in the Hong Kong stock market, launched last August and dubbed the “through train”, has yet to take off. From the Wall Street Journal: When China’s...

CRC Shares Debut in Hong Kong

From Reuters via Financial Times : Shares in China Railway Construction, which built the world’s highest railroad, rose 14 per cent in their Hong Kong debut on Thursday, in line with muted expectations, after the company raised...

Chinese IPOs Founder – The Financial Times

From The Financial Times: The tide has turned on overseas Chinese initial public offerings, one of the last outposts of irrational euphoria open to foreigners. In the past week, two IPOs have tanked on their debut on the Hong Kong stock exchange: the latest, Sinotruk , slid 16 per cent on Wednesday, the worst first-day […]

No Timetable For Direct HK Stock Investment – Lin Guan

From China Daily: Hong Kong Exchanges and Clearing Ltd (HKEx) has not yet decided on a timetable for domestic direct stock investment in Hong Kong and is currently focusing on investors’ risk education, said an official with HKEx yesterday. Domestic investors will have to wait until the Hong Kong market fully opens to the mainland, […]

Baidu CEO Says He May Consider Hong Kong Listing – Marketwatch

From Marketwatch: Nasdaq-listed Chinese Internet search engine Baidu.com Inc. may consider listing shares in Hong Kong, according to media reports Thursday. Chief Executive Robin Li was quoted in wire reports as saying a Hong Kong listing would raise the company’s profile and help fund expansion into new areas such as online auctions. Li reportedly made […]

Train Delayed – Financial Times

From The Financial Times: Hong Kong’s trains are among the most reliable in the world. Comments by Chinese premier Wen Jiabao , however, suggest that the so-called “through-train”, a mechanism to let the ocean of funds trapped in China by capital controls flow into and through Hong Kong, will be indefinitely delayed. It is a […]

Chinese Shipbuilders Plan IPOs – Raphael Minder and Jamil Anderlini

From The Financial Times: At least seven Chinese shipbuilders are planning share offerings, underlining China’s efforts to build up its domestic fleet and branch out into the construction of more advanced vessels. The largest of the anticipated initial public offerings is likely to come from state-owned China Shipbuilding Industry Corporation (CSIC) , which wants to […]

Time Is Not Right For HK Direct Investments РYi Xianrong (易宪容)

From China Daily: Almost two months have passed since the State Administration of Foreign Exchange (SAFE) announced the launching of a trial program allowing mainland residents to directly invest in stocks traded on the security market in the Hong Kong Special Administrative Region (SAR). Dubbed as the “express train to the Hong Kong Exchange”, the […]

China to Impose HK Investment Quota – Jamil Anderlini

From Financial Times: China is to impose a quota on investments on the Hong Kong stock market – which will reduce capital outflows to a fraction of the $100bn-plus forecast when its outward investment scheme was announced last month. Liu Mingkang, chairman of the China Banking Regulatory Commission, said there would be no limit on […]

Four China Firms Get HK IPO Nod for Total $2.7 Billion – Kennix Chim

From Reuters via SignOnSanDiego: Four Chinese firms, including property developer Soho China , have won approval from Hong Kong’s stock exchange to launch initial public offerings expected to raise a combined US$2.7 billion, sources familiar with the situation said on Friday. The debut by one of the four – Xinjiang Xin Xin Mining Industry Co […]

Regulator: Investing in HK Stocks Won’t Hurt Mainland Markets – Wang Shuo

From Caijing.com.cn: Private investments made in the early days of a program allowing mainlanders to buy Hong Kong stocks will be small and won’t affect the Shanghai and Shenzhen A-shares market , Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC) , told a global economic conference September 6. Shang said allowing private investments […]

China’s IPOs Set to Surpass HK – Justine Lau

From Financial Times: Mainland China’s equity markets will surpass Hong Kong’s in 2007 as favoured locations for Chinese companies to raise capital as the boom in China’s initial public offerings comes home, according to accountancy firm PwC. Capital raised by IPOs in the so-called A-share markets in Shanghai and Shenzhen is forecast to grow about […]

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