Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock exchange, reported record high annual profit for the second straight year, thanks to higher market turnover and robust listing activity, it said in a stock exchange filing on Thursday. Net profit in 2025 increased 36 per cent to HK$17.75 billion (US$2.28 billion), or HK$14.05…
The highest-paid independent non-executive director (INED) of a Hong Kong-listed company in 2024 made US$1.67 million, nearly 2,000 times what the lowest-paid INED received, drawing attention to a potential disconnect between pay and the responsibilities of the role. The lowest-paid INED received 6,000 yuan (US$867.94) in 2024, according to a survey by the Hong Kong…
Hong Kong’s finance chief has confirmed an early operating account surplus driven by strong financial market performance and stock trading stamp duty revenue, as he addressed calls for more elderly welfare measures at the first public forum for the coming budget. Financial Secretary Paul Chan Mo-po vowed on Saturday to make “utmost” efforts to address…
The markets are volatile—and Wall Street’s most reliable barometer of panic has surged to levels not seen since April, when President Donald Trump’s sweeping “Liberation Day” tariffs triggered a global market meltdown. The Cboe Volatility Index, known as the VIX, peaked at 27.8 on Thursday and closed the day around 26.3—its highest point since the…
European markets opened significantly lower on Friday, following a retreat in Asian shares in the morning and Wall Street’s tumble on Thursday, as investors reassessed the outlook for interest-rate cuts and questioned the lofty valuations of leading US technology and AI stocks. “Markets are down across the board as investors fret about cracks in the…
European markets opened significantly lower on Friday, following a retreat in Asian shares in the morning and Wall Street’s tumble on Thursday, as investors reassessed the outlook for interest-rate cuts and questioned the lofty valuations of leading US technology and AI stocks. “Markets are down across the board as investors fret about cracks in the…
ADVERTISEMENT European stocks rose on Wednesday morning after a string of strong corporate results a day earlier, while equities were also boosted by remarks from Federal Reserve Chair Jerome Powell. In Philadelphia on Tuesday, Powell suggested that another interest rate cut could come later this month in the US. In Europe, shares in Netherlands-headquartered ASML,…
Funds raised from new share sales in Hong Kong jumped 220 per cent in the first nine months of 2025, strengthening the local stock exchange’s grip on the top spot in the global rankings, while analysts predicted that the initial public offering (IPO) market would continue to pop well into next year. A total of…
A recent dual-listing at the Astana International Financial Centre (AIFC) in Kazakhstan has been hailed as an “icebreaker” for Kazakh and Chinese issuers who are showing growing interest in pursuing cross-border equity and debt deals. According to AIFC’s governor Renat Bekturov, the debut of tungsten miner Jiaxin International Resources on both the Hong Kong and…
(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…