(Reuters) -Hong Kong launched a scheme on Tuesday to offer smoother listings for tech companies on its stock exchange, as it looks to capitalize on Chinese companies’ growing appetite to raise funds offshore. The new “technology enterprises channel” will make new listings easier for specialist technology and biotechnology firms, the bourse operator and Hong Kong’s…
Hong Kong Financial Secretary Paul Chan Mo-po warned of more volatile trading ahead but refrained from intervening in the market after the city’s benchmark Hang Seng Index suffered its steepest fall in decades on Monday amid fears over repercussions of US President Donald Trump’s trade war. While Chan held off from introducing measures, he nevertheless…
Hong Kong’s market for initial public offerings is roaring back. After a period in the doldrums, the city has climbed to become the world’s fourth-biggest IPO market, after America’s Nasdaq, the New York Stock Exchange and Tokyo Stock Exchange. Now is the time for Hong Kong to regain its throne. A total of US$2.3 billion…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Hong Kong is channelling funds into several dozen innovative companies to further bolster the city’s appeal as a hub for technology, banking and finance compared with regional competitors like Singapore, according to Financial Secretary Paul Chan Mo-po. The Hong Kong Investment Corp (HKIC), funded by the city’s reserves, has invested in nearly 100 start-ups involved…
Foreign investors could become more confident about equity markets in Hong Kong and mainland China if enhancements were made to the Stock Connect programme, a financial industry group said, amid a rally driven by hopes for a policy shift from Beijing and enthusiasm about innovation in the technology sector. Lyndon Chao, managing director of the…
Hong Kong is preparing to turn the local stock market’s operations fully electronic and paperless from early next year, starting with a focus on turning stock ownership into scripless records, the city’s capital market regulator said. The Securities and Futures Commission (SFC) would initiate the five-year reform process from as early as January next year,…
Deribit, the world’s largest cryptocurrency derivatives exchange, aims to expand in Hong Kong, a sign of momentum as the market regulator looks to make the city a hub for virtual assets. The Dubai-based company was drawn to Hong Kong because of its position as an international financial hub and its vibrant community of family offices…
Hong Kong’s financial regulators have pledged to ease listing requirements for mainland Chinese companies, as they eye the city’s stock market as a source of funding to support their global ambitions. The market watchdog and the bourse operator would unveil proposed revisions later this year, aiming to lower the fundraising threshold, optimise market structure and…
Hong Kong secured billions of dollars in financial commitment from Saudi Arabia after one of the city’s biggest business delegations to the kingdom sealed almost a dozen deals for start-ups and collaboration accords over three days. Two days earlier, the Saudi incubator agreed to let start-ups at the Hong Kong Science and Technology Park (HKSTP)…