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HKG:0388

23 stories mentioning HKG:0388Updated 4d ago

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Asia

Hong Kong to Launch Dim Sum Bond Index in Offshore Yuan Push

Hong Kong will expand its dim sum bond market and seek greater support for bond issuance as part of efforts to strengthen its offshore yuan business, according to the government's five-year plan.The Hong Kong Exchanges and Clearing (HKEX) (HKG:0388) will launch the HKEX Offshore RMB Bond Index as a benchmark for market trends and an underlying index for exchange-traded funds, the government said.Hong Kong will also seek to increase the scale and frequency of bond issuance, encourage policy financial institutions to issue bonds in the city, and develop a broader tenor structure for dim sum bonds.

Hang SengHKG:0388
Asia

Hong Kong, Dubai Form Working Group on Financial Market Connectivity

Hong Kong and Dubai have established a working group to strengthen financial market connectivity between the two markets, according to a Thursday news release.The working group comprises Hong Kong Exchanges and Clearing (HKG:0388), the Hong Kong Monetary Authority (HKMA), the Dubai Financial Services Authority (DFSA) and Nasdaq Dubai.The group will focus on sustainable finance, Islamic finance, innovation, capital markets development and market connectivity.

Hang SengHKG:0388
Asia

HKEX, London Metal Exchange Say New Claim in UK Over Nickel Trades Without Merit

Hong Kong Exchanges and Clearing (HKG:0388) and The London Metal Exchange said a new competition lawsuit in the UK over nickel trades does not have merit and is a case it will contest "vigorously."Elliott Associates and Elliott International alleged in its claim filed at the UK Competition Appeal Tribunal on Sept. 3 that the two companies abused their dominance by not providing "appropriate arrangements and systems" for the prevention of disorderly trading, among others.The Hong Kong bourse operator is yet to be served with the claim, as Elliott will need to receive the tribunal's permission to do so.

HKG:0388
Asia

HKEX Extends New Listing Application Validity to 12 Months

Hong Kong Exchanges and Clearing (HKG:0388) will temporarily extend the validity period for eligible new listing applications to 12 months from six months, according to a press release on Friday.The measure will take effect from Aug. 21 and remain in place for three years, through Aug. 20, 2029. It is intended to give applicants greater flexibility in managing listing timelines and to reduce the need to refile applications.The exchange said that regulatory standards and investor protection safeguards will remain unchanged, and applicants will still be required to provide complete and up-to-date business and financial information.

HKG:0388
Asia

HKEX Hikes Dividend as H1 Profit Rises 24%

Hong Kong Exchanges and Clearing (HKG:388) posted an attributable net profit of HK$10.6 billion for the first half of 2026, up 24% from HK$8.52 billion a year earlier.Earnings per share stood at HK$8.34, compared with HK$6.72 in the year-ago period, according to a Wednesday filing with the Hong Kong Exchange.Revenue and other income increased 19% year over year to HK$16.7 billion from HK$14.1 billion.HKEX's board declared an interim dividend of HK$7.43 per share, up from HK$6 the previous year.

HKG:0388
Asia

HKEX Renews Chief Executive Contract Through February 2030

Hong Kong Exchanges and Clearing (HKG:0388) renewed Chief Executive Bonnie Chan's employment contract for a further three-year term through Feb. 28, 2030, subject to regulatory approval, according to a Monday bourse filing.The reappointment has been approved by the Securities and Futures Commission.Chan became HKEX chief executive and an executive director in March 2024, after joining the exchange operator in 2020.

HKG:0388
Treasury

Hong Kong Exchanges and Clearing Launches Five-Year China Government Bond Futures Contract

Hong Kong Exchanges and Clearing (HKG:0388) launched its Five-Year China Government Bond Futures contract on Monday, expanding its China-related derivatives offering and providing offshore investors with a new tool to manage interest rate and duration risk.The contract is the only offshore-listed futures product linked to five-year China government bonds and complements existing market access programs including Bond Connect and Swap Connect, the exchange said in a statement on Monday.The Securities and Futures Commission levy will be waived for the first six months of trading, while a 50% trading fee discount will apply through July 30, 2027.

HKG:0388
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

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