This is the sixth and final part of the exclusive Capital Connectors series in which influential Chinese and global bankers reveal the opportunities and challenges for Hong Kong in its evolution as an international financial hub. If history serves as a guide, Hong Kong’s continued reign as a premier international financial centre depends on a…
Hong Kong’s markets hit their lowest point in more than a decade in 2022, squeezed by rising friction between Washington and Beijing. With the US Federal Reserve tightening monetary policy aggressively, Asian markets were starved of liquidity. Hong Kong’s benchmark fell below 16,000 points in 2022, one of the steepest drops among global indices. Three…
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),…
Foreign inflows to Chinese stocks will probably continue after the summer, as a regulatory push to boost shareholder returns, appealing valuations and rising expectations of interest-rate cuts in the US lure investors, according to Morgan Stanley. The rotation back to Chinese stocks was expected to be “stronger” after two consecutive months of net buying by…
Money never sleeps in Hong Kong, except during some public holidays. The city is known for having many official days off. Often stock trading stops while other markets, including the one in mainland China, continue on their merry way of making money. In recent years, however, the city’s stock exchange has been enhancing its services…
Southbound capital flowing into the Hong Kong stock market hit an all-time high in the first seven months of 2025, reflecting investor confidence in the city on the back of surging turnover and a revived pipeline of initial public offerings (IPOs). Mainland Chinese investors snapped up more Hong Kong equities so far this year than…
The US bank said it expected Hong Kong’s benchmark to climb to 26,000 in the first half of 2026, assuming geopolitical tensions eased and policy support remained steady. “China faces deflationary pressures rather than inflation, so even if imported energy costs rise, the pass-through effect on corporate earnings is expected to be minimal,” said Pierre…
Hong Kong can be a crucial partner in the continued and orderly opening of mainland China’s capital markets, particularly in advancing the internationalisation of its currency, according to HSBC’s co-CEO. As a financial hub connecting East and West, Hong Kong “can play a key role in promoting the yuan’s internationalisation by expanding its offshore liquidity…
The Hong Kong Monetary Authority (HKMA) has stepped in for the second time within three days to maintain the local currency’s peg to the US dollar after the Hong Kong dollar hit the strong end of its trading band. The city’s de facto central bank sold HK$9.532 billion worth of the local currency and bought…
The Hong Kong Monetary Authority (HKMA) has stepped into the financial market again to rein back the local currency, which had been pushed above its trading band against the US dollar amid the recent influx of capital in the city’s bourse. In its first market intervention in two years, the city’s de facto central bank…