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26.08.25 - 02:36
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Hong Kong′s small stockbrokers dwindle despite market rally (SCMP)
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Close to 200 stockbrokers have closed their doors in Hong Kong since 2020, and industry players expect more to throw in the towel as new allotment rules make it harder for retail investors to get in on popular initial public offerings (IPOs).
A total of 23 brokerages informed the city's stock exchange that they ceased trading this year, according to data from bourse operator Hong Kong Exchanges and Clearing (HKEX). This came after 39 closures last year, 32 in 2023 and a record high of 49 in......
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20.08.25 - 11:31
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HKEX CEO Chan Says She′s Optimistic on IPO Pipeline (Bloomberg)
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Hong Kong Exchanges and Clearing Ltd. CEO Bonnie Chan is optimistic about the IPO pipeline fueling the return of international investors to Hong Kong. Chan spoke with Bloomberg News' Yvonne Man after HKEX said profit in the second quarter rose 41%, to a record HK$4.44 billion ($570 million). (Source: Bloomberg)...
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20.08.25 - 06:36
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HKEX′s first-half profit soars 39% to record on IPO boom, trading volume (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) set new records for second-quarter and first-half earnings amid a boom in initial public offerings (IPOs) and sizzling stock market turnover, according to a stock exchange filing on Wednesday.
Second-quarter net profit for the operator of Asia's third-largest stock market rose 41 per cent to HK$4.44 billion (US$569 million), or HK$3.51 per share, from the previous second-quarter high of HK$3.16 billion in 2024. This is the second consecutive quarterly......
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11.08.25 - 02:36
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Hong Kong′s IPO rules spark debate over retail vs institutional investors (SCMP)
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Hong Kong Exchanges and Clearing's (HKEX) latest listing rules on distributing shares in popular initial public offerings (IPOs) are expected to draw more institutional investors and family offices but curb retail participation, according to industry players.
The rules, which came into effect on August 4, mandate that IPO candidates allocate at least 40 per cent of the shares to institutional investors involved in bookbuilding – up from no guaranteed allocation previously.
The rules have reduced......
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03.08.25 - 05:36
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HKEX to slash minimum spread of 300 stocks from Monday (SCMP)
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Hong Kong Exchanges and Clearing (HKEX), which operates Asia's third-largest stock market, will reduce the minimum trading spread for about 300 stocks starting Monday, a move aimed at lowering transaction costs and increasing turnover.
“The minimum spread is the minimum price change for a stock traded on an exchange and determines the tightest bid-ask spread allowed,” the HKEX said in the conclusion of its consultation on the spread reform. “A reduction of minimum spreads could therefore......
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01.08.25 - 12:06
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HKEX to lower minimum float for more companies to tap IPO boom (SCMP)
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Hong Kong Exchanges and Clearing (HKEX), which recently reclaimed the crown as the world's largest market for new listings, announced new rules on Friday to reduce the public float requirement for initial public offerings (IPOs).
The new rules lower the barrier to raise capital for companies that are already listed in mainland China. Starting Monday, the minimum float of mainland companies in Hong Kong will be set at HK$3 billion (US$386 million), or 10 per cent of their outstanding capital,......
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22.07.25 - 03:12
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What Hong Kong should do to prepare for 24-hour market trading (SCMP)
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Longer trading hours may become a global trend as more market operators embrace the idea in the coming months, as the London and Hong Kong exchanges attempt to gain first-mover advantage.
The London Stock Exchange Group is reported to be studying the merits of 24-hour trading, while Hong Kong Exchanges and Clearing (HKEX) is preparing a new trading system that can support round-the-clock trading in financial derivatives. The cryptocurrency market has achieved that.
Here is some background and......
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22.07.25 - 01:36
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Hong Kong brokers divided on the pros and cons of 24-hour trading (SCMP)
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A media report overt the weekend saying the London Stock Exchange Group (LSEG) is considering 24-hour trading has raised questions about whether Hong Kong's bourse could similarly lengthen its transaction hours to cater to a younger generation of trade-anytime investors.
The Orion Derivatives Platform (ODP), developed by Hong Kong Exchanges and Clearing (HKEX) for roll-out in 2028, would give Asia's third-largest capital market the capability to “offer near 24-hour derivatives trading, introduce......
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16.07.25 - 14:36
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HKEX starts consultation on shortening settlement cycle in cash equities market (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) published a discussion paper outlining plans to shorten the settlement cycle in the cash equities market to further modernise its financial infrastructure.
The city's bourse operator said the move would create a path for how and when to implement the idea as global financial markets had started adopting faster timelines, according to a document released on Wednesday. It aimed to build consensus and develop a detailed implementation timeline with views from......
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03.07.25 - 12:00
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HKEX′s order-routing service seeks to enhance fund distribution ecosystem (SCMP)
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Hong Kong Exchanges and Clearing (HKEX) has launched an order-routing service on its fund platform as part of its move to diversify its business and support the government's ambition to strengthen the city as an international wealth management centre.
“This centralised platform will connect participants of all sizes across the fund value chain, fostering greater collaboration and elevating operational efficiencies for the fund distribution industry,” CEO Bonnie Chan Yiting said at a ceremony to......
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02.07.25 - 11:06
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Chinese firms eye Hong Kong listings after mainland investors′ buying spree (SCMP)
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A slew of mainland-listed Chinese technology companies are speeding up fundraising plans in Hong Kong to capitalise on the upbeat market sentiment.
Hong Kong's equity market has been buoyed by mainland investors' record buying of HK$731.2 billion (US$93.1 billion) of stocks in the first half of the year, according to Hong Kong Exchanges and Clearing (HKEX) data and Bloomberg on Monday.
The buying spree, driven by attractive valuations and a re-rating of China's technology sector, has led to a......
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02.07.25 - 02:31
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Hong Kong′s all-male boards are all but gone as firms embrace diversity (SCMP)
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Hong Kong's bourse operator has declared victory in its quest to eliminate all-male boards from companies listed on the region's third-largest stock exchange, an improvement in corporate governance that analysts said would help attract international investors.
Fewer than 10 of Hong Kong's around 2,600 listed companies had all-male boards as of the end of June, according to Hong Kong Exchanges and Clearing (HKEX). A spokesman said these exceptions were companies that had long been suspended from......
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30.06.25 - 01:36
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Ex-HKEX CEO Charles Li′s new venture aims to shake-up Hong Kong′s capital market (SCMP)
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Charles Li Xiaojia, former CEO of Hong Kong Exchanges and Clearing (HKEX), who spearheaded multiple listing reforms during his 11-year tenure, is seeking to revolutionise capital markets again – this time by helping small companies raise funds.
Li filed on June 20 to list his newly launched Micro Connect International Finance (MCIF) under HKEX's Chapter 21 regime – a framework designed for investment companies seeking capital from institutional investors.
“When I was at the exchange, we did not......
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24.06.25 - 08:02
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Monthly Update - May 2025 (Cision)
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24 June 2025
Ashoka WhiteOak Emerging Markets Trust plc
(the 'Company')
Monthly Update – May 2025
The Company's monthly factsheet as at 31 May 2025 is now available: https://awemtrust.com/factsheet/
The Fund was up 5.2% in May 2025, outperforming the benchmark by 1.88%. The key contributors include TSMC (+12.6%, world's leading semiconductor manufacturing company), Hong Kong Exchanges (+13.8%, world's leading stock and commodity exchange), and Hitachi Energy (+30.6%, technology leader specializing in high-voltage equipment, transformers, and services for...
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20.06.25 - 15:06
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Paul Chan urges HKEX to attract international listings, launch new products (SCMP)
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Hong Kong's finance minister has urged the city's bourse operator to take steps to make it more attractive for overseas companies to list and introduce new products for trading digital assets.
Speaking at a ceremony on Friday to mark 25 years of Hong Kong Exchanges and Clearing (HKEX) as a listed company, Financial Secretary Paul Chan Mo-po said he also wanted the exchange to be technically prepared to become the first bourse in the region to shorten the transaction settlement time to one day –......
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19.06.25 - 12:30
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HKEX displays iconic gong across city to mark 25 years as listed entity (SCMP)
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Hong Kong Exchanges and Clearing (HKEX), operator of Asia's third-largest stock market, is taking its iconic gong on a tour of the city over the next two weeks to commemorate 25 years as a listed company.
The exchange operator will display the gong, used for listing ceremonies, on a truck alongside a first-generation trading booth at nine locations from Friday until July 3. The HKEX completes a quarter century as a listed entity on June 27.
The public can view the display at tourist spots like......
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