Hong Kong Exchange Gets Approval for Chairman Appointment

Hong Kong Exchanges and Clearing (HKG:0388) has received approval for the appointment of Carlson Tong as its chairman effective today, Friday, a same-day filing on the Hong Kong bourse said. The appro

MT NewswiresMay 3 09:22 ET

Changes in Hong Kong stocks | The Hong Kong Stock Exchange (00388) rose by nearly 5%, and capital inflows from the south were clearly accelerated, and favorable policies catalyzed a rapid rise in Hong Kong stocks in the short term

The Zhitong Finance App learned that the Hong Kong Stock Exchange (00388) has risen by nearly 5%, and has accumulated an increase of more than 20% in the past 8 trading days. As of press release, it rose 4.77% to HK$263.6, with a turnover of HK$1,531 billion. Huafu Securities pointed out that since the end of January this year, Hong Kong stocks have been leading the way among major global stock indexes; liquidity has always been an important factor affecting the performance of the Hong Kong stock market. Since the end of January this year, capital inflows into the Hong Kong stock market have accelerated markedly. This is an important reason why the Hong Kong stock market began to strengthen during the same period; favorable policies to optimize the cross-border connectivity mechanism and promote the collaborative development of capital markets between the two places have continued to be implemented since the beginning of the year.

Zhitong FinanceMay 2 01:43 ET

The Hong Kong Stock Exchange (00388) and the Saudi Stock Exchange Group will jointly host the “Hong Kong-Saudi Capital Market Forum” on May 9

The Hong Kong Stock Exchange (00388) and Saudi Stock Exchange Group (STG) will jointly host the “Hong Kong-Saudi Capital Markets Forum” at the Hong Kong Financial Assembly Hall on May 9.

Zhitong FinanceApr 30 07:34 ET

HKEX Welcomes Asia's First Spot Virtual Asset ETFs

HONG KONG, April 29, 2024 /PRNewswire/ -- Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome the listing of Asia's first Spot Virtual Asset (VA) ETFs on 30 April (Hong Kong time),

PR NewswireApr 29 23:36 ET

Hong Kong Stock Concept Tracking | Asia's First Batch of Virtual Asset Spot ETF Listed Partners May Benefit (with Concept Stocks)

On April 30, Hong Kong Exchanges and Clearing Limited welcomed the listing of the first batch of virtual asset spot ETFs in Asia, increasing the variety of products in the Hong Kong market and providing investors with more choices, and consolidating Hong Kong's position as the leading ETF market in Asia. The first batch of virtual asset futures ETFs were favored by investors after listing in 2022, and trading was booming. The average daily trading volume of the three virtual asset futures ETFs listed in Hong Kong increased from HK$8.9 million in 2023 to HK$51.3 million in the first quarter of 2024, while also attracting HK$529 million in capital inflows. Huaxia (Hong Kong) Digital Asset Management

Zhitong FinanceApr 29 22:51 ET

Changes in Hong Kong stocks | The Hong Kong Stock Exchange (00388) rose more than 5%, and the net profit per share in the first quarter is expected to increase, and investment and financing activity in the Hong Kong stock market is expected to increase

The Zhitong Finance App learned that the Hong Kong Stock Exchange (00388) has risen by more than 5%, and has accumulated an increase of more than 20% in the past six trading days. As of press release, it rose 4.32% to HK$261, with a turnover of HK$1,816 billion. Goldman Sachs published a research report indicating that the Hong Kong Stock Exchange benefited from increased investment income, and net profit per share in the first quarter beat expectations. Since there is no management meeting to announce quarterly results, the bank is expected to drive stock prices by rising average daily turnover (ADT) of equity securities, stock market liquidity reforms, and revenue growth related to derivatives. The market expects ADT to bottom out in the first half of the year and then pick up. The market is expected to increase its earnings per share. Consider the first quarter results and

Zhitong FinanceApr 28 23:04 ET