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HKG:0388

16 stories mentioning HKG:0388Updated 7d ago

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Asia

HKEX Adopts Listing Rule Reforms to Boost Market Competitiveness

Hong Kong Exchanges and Clearing (HKG:0388, HKG:80388), or HKEX, has adopted new listing rule reforms aimed at enhancing the competitiveness of the city's capital markets, following strong support from a market consultation, according to a Friday press release.The exchange received 73 submissions on the proposals and said the new rules, which took effect immediately, were adopted with minor modifications and clarifications.The reforms lower financial eligibility thresholds for companies seeking weighted voting rights structures and ease secondary listing requirements for overseas-listed issuers.They also expand confidential filing to all new listing applicants and allow broader use of U.S. GAAP by eligible issuers.

Hang SengHKG:0388
Asia

Hong Kong, Malaysia Expand Funds Recognition, Simplify Dual IPO Framework

Hong Kong's Securities and Futures Commission and the Securities Commission Malaysia signed a memorandum of understanding to expand their mutual recognition of funds scheme and simplify the framework for dual initial public offerings, according to a Thursday statement.The agreement broadens the range of investment products eligible under the mutual recognition of funds scheme, while streamlining dual IPO listings to strengthen capital market connectivity between the two jurisdictions.The SFC said the enhanced framework will expand cross-border investment opportunities, improve market access and deepen regulatory cooperation.Separately, Hong Kong Exchanges and Clearing (HKG:0388) added Bursa Malaysia Securities to its list of Recognized Stock Exchanges, facilitating cross-listings of equity securities between the two markets.

Hang SengFTSE Bursa Malaysia KLCIHKG:0388
Asia

Market Chatter: HKEX Eyes Trading Hour Extension, Scrapping of One-Hour Break

Hong Kong Exchanges and Clearing (HKG:0388) is eyeing an extension of stock trading hours, alongside cancelling its one-hour lunch break, Bloomberg reported citing people familiar with the matter.The move comes in order to conform to international market standards, according to the report.The exchange has shared its plans with major brokers and trading companies recently, the people said.Possible changes include beginning trading at 9 a.m., 30 minutes earlier than the current starting time, and scrapping the hour-long lunch break.A session after hours is also under consideration for major stocks to align with early US trading, Bloomberg said citing the people. The evening session, if it materializes, is expected to run from 8 p.m. to midnight.HKEX did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0388
Asia

HKEX to Launch 18 New Single Stock Option Classes in August

Hong Kong Exchanges and Clearing (HKG:0388) plans to launch 18 single stock option classes in three phases on Aug. 10, Aug. 17, and Aug. 31, according to a notice on Monday.Weekly and monthly expiries for the new contracts will be available from the first trading day, the filing said.With the new additions, HKEX's weekly single stock options contracts will cover 52 listed firms across a wide range of sectors.

Hang SengHKG:0388
Asia

HKEX Unit Signs Data Licensing Agreement With ChinaBond Pricing Center

Hong Kong Exchanges and Clearing (HKG:0388) or HKEX's wholly owned subsidiary, Hong Kong Futures Exchange, entered into a data licensing agreement with ChinaBond Pricing Center, a wholly owned subsidiary of China Central Depository & Clearing, to support the launch of five-year China government bond futures, according to a Friday press release.Under the agreement, ChinaBond Pricing Center will provide bond valuation data and price calculation services for the futures contract, which is targeted to launch on Aug. 3.ChinaBond Pricing Center is a major provider of bond pricing benchmarks in mainland China's fixed-income market, with its valuation data widely used for trading, risk management, and accounting.

Hang SengHKG:0388
Asia

HKEX to Standardize Board Lot Units Under New Framework

Hong Kong Exchanges and Clearing or HKEX (HKG:0388) will streamline the board lot framework for the securities market by standardizing board lot units and lowering the minimum board lot value, according to a Tuesday press release.The exchange will reduce the board lot value floor from HK$2,000 to HK$1,000, introduce a HK$50,000 ceiling for securities with board lots larger than 100 shares, and standardize board lot units to eight options ranging from one to 10,000 shares.The changes will be rolled out in two phases.The first phase, taking effect on July 2, will cover new IPO applicants and existing issuers, while the second, beginning on Nov. 16, will follow the launch of the Uncertificated Securities Market.HKEX said it also plans to enhance odd-lot trading, including exploring an automatic matching mechanism that could be introduced as early as the third quarter of 2027, subject to regulatory approval.

Hang SengHKG:0388
Asia

HKEX to Launch Digital Regulatory Communications Platform in Q4

Hong Kong Exchanges and Clearing (HKG:0388), or HKEX, plans to launch its Issuer Access Platform in the fourth quarter, according to a Monday press release.The web-based platform will become the primary channel for listed companies and their advisers to submit regulatory filings and communicate with the exchange.HKEX said advisers will begin onboarding from July, while listed issuers will transition to the platform from October through the second quarter of 2027.After the transition, HKEX will launch a revamped issuer portal that provides investors with timely access to up-to-date company information, including executive details and corporate events.

HKG:0388
Asia

HKEX, HKMA Launch Digital Payment Pilot Project in After-Hour Derivatives Trading

Hong Kong Exchanges and Clearing (HKG:0388) and the Hong Kong Monetary Authority (HKMA) are exploring the use of e-HKD as a new digital payment service for after-hour trading in the derivatives market, according to a Thursday release by the latter.e-HKD is a wholesale central bank digital currency (CBDC) that is operational 24/7.The joint pilot project aims to boost risk management for derivatives trading outside regular banking hours through a more flexible and efficient advance margin payment arrangement.

Hang SengHKG:0388
Asia

Market Chatter: Hong Kong Sees 10 Specialist Technology Firm Listings in First Five Months of 2026

Hong Kong welcomed 10 specialist technology company listings during the first five months of the year, helping the firms collectively raise over HK$25 billion, The Standard reported Thursday, citing the head of the city's bourse.According to Hong Kong Exchanges and Clearing (HKG:0388) chief executive Bonnie Chan Yi-ting, proceeds from Hong Kong's initial public offering market reached HK$150 billion during the January to May period, while equity markets helped companies raise more than HK$40 billion.Meanwhile, the average daily turnover on the Hong Kong stock exchange advanced to HK$293 billion in May, Chan said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0388
Asia

Hong Kong Exchange Processes 698 IPO Applications Through May

Hong Kong processed 698 initial public offering applications through May 29, with 500 applications still under review, according to a monthly report released by Hong Kong Exchanges and Clearing (HKG:0388) on Friday.Hong Kong recorded 62 new listings year-to-date, with all but one on the main board. On the flip side, 22 companies delisted during the period.The number of listed companies stood at 2,726 as of May 29, up from 2,686 at the start of the year, data showed.

HKG:0388
Asia

Market Chatter: Hong Kong Exchanges and Clearing Inches Closer to Gold Futures Relaunch

Hong Kong Exchanges and Clearing (HKG:0388) is set to restart gold futures trading on the local bourse, with preparatory work on a central clearing system at its final stage, The (Hong Kong) Standard reported.Joseph Chan Ho-lim, acting secretary for financial services and the Treasury, was quoted in the Monday report as saying that HKEX is expected to provide further details in due course, but that trial operations for the relaunch are expected within the year.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0388
Asia

Hong Kong Stocks Rebound as China Policy Signals Lift Sentiment; Sunmi Tech Shines on Debut

Hong Kong stocks rebounded on Wednesday as policy signals from China's top leadership lifted sentiment alongside improving corporate earnings sentiment.The Hang Seng Index gained 432.06 points, or 1.7%, to close at 26,111.84, while the Hang Seng China Enterprises Index added 160.79 points, or 1.9%, to 8,805.60.China's Politburo called for faster development of a modern industrial system, wider adoption of artificial intelligence, and greater emphasis on technological self-reliance and supply chain resilience.It also highlighted measures to support consumption, stabilize the property sector, protect employment, and address industrial overcapacity.Meanwhile, markets also absorbed the surprise departure of the United Arab Emirates from OPEC, although the broader alliance is expected to remain intact.In corporate news, Shanghai Sunmi Technology (HKG:6810) made its Hong Kong debut, closing 241% higher at HK$84.80, compared with the offer price of HK$24.86.Hong Kong Exchanges and Clearing (HKG:0388) gained nearly 3% after reporting a 27% increase in first-quarter profit.Geely Automobile (HKG:0175) gained nearly 3% despite reporting a 27% decline in first-quarter profit.

Hang SengHKG:0175HKG:0388HKG:6810
Asia

Hong Kong Exchanges and Clearing's Profit Rises 27% in Q1

Hong Kong Exchanges and Clearing (HKG:0388) posted profit attributable to shareholders of HK$5.19 billion for the first quarter, up 27% from HK$4.08 billion a year earlier, according to a Wednesday Hong Kong bourse filing.Earnings per share at the exchange operator came in at HK$4.09, compared with HK$3.22 a year earlier.Revenue and other income rose 20% to HK$8.20 billion from HK$6.86 billion in the prior-year period.

HKG:0388
Asia

Market Chatter: Hong Kong Bourse to Introduce Zero-day Options in 2027

Hong Kong Exchanges and Clearing (HKG:0388) plans to launch zero-day derivative options in the first quarter of 2027, Bloomberg reported Tuesday.The options will let traders make short-term bets on intraday market moves, volatility events and data releases via options that settle within a day, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0388
Asia

Market Chatter: HKEX Eyes Longer Derivatives Trading to Overlap With US Markets

Hong Kong Exchanges and Clearing (HKG:0388) will prioritize extending derivatives trading hours to cover U.S. market closing hours, The Standard reported, citing local media.The move aims to increase overlap with global markets and attract more international capital into Hong Kong assets, rather than compete with other exchanges on trading duration, Chief Operating Officer Vanessa Lau was quoted as saying.Extending trading hours for the cash equity market is more complex, as it would require coordination with local brokers and investors, as well as alignment with mainland China through the Stock Connect mechanism, the report said.There is currently no market consensus on such changes, and further study is needed, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Hang SengHKG:0388
Asia

HKEX Unveils New Tech Indices Spanning Hong Kong, US, Korea

Hong Kong Exchanges and Clearing (HKG:0388) launched two technology-focused indices spanning Hong Kong, the U.S., and South Korea, according to a Monday press release.The HKEX KRX Semiconductor Index tracks Hong Kong-listed chip firms eligible for Southbound Stock Connect alongside leading South Korean semiconductor companies.The HKEX Tech & US Tech 100 Index combines constituents of the HKEX Tech 100 Index with the 100 largest Nasdaq-listed technology companies by market capitalisation.The exchange said the benchmarks are designed to enable cross-market exposure and support ETF development.HKEX also signed agreements with Bosera Asset Management (International), Da Cheng International Asset Management, E Fund Management (Hong Kong), GF International Investment Management, and Huatai-PCG Asset Management to launch ETFs tracking the indexes.

Hang SengHKG:0388

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