https://www-scmp-com.libproxy1.nus.edu.sg/rss/63828/feed Hong Kong Exchanges and Clearing is the holding company for the city’s stock exchange, futures exchange and clearing company. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www-scmp-com.libproxy1.nus.edu.sg SCMP Editorial SCMP Editorial The predicted demise of physical newspapers may be premature, but paper use in the stock market is definitely passé. Thankfully, the Securities and Futures Commission will phase it out and digitise the market within five years. That should be enough time for any Luddite to adjust. A launch date has been set for November 16 for rolling out a fully digital, paperless stock market. The aim is to boost efficiency and strengthen the city’s competitiveness. Digitalised securities and their documents... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3348785/paperless-stock-market-way-forward-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3348785/paperless-stock-market-way-forward-hong-kong?utm_source=rss_feed Thu, 02 Apr 2026 22:45:08 +0000 Fiona Sun Fiona Sun Hong Kong’s leader has pledged to foster an inclusive society for people with autism, with a Unesco official saying the city has the potential to become a global hub for support services. Chief Executive John Lee Ka-chiu on Thursday highlighted the importance of a better understanding and acceptance of autistic people at an event marking the United Nations’ World Autism Awareness Day. “Awareness is our starting point. Inclusion is our destination. Action is the bridge that joins them,” he... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3348838/hong-kong-can-become-global-hub-autism-support-unesco-official-says?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3348838/hong-kong-can-become-global-hub-autism-support-unesco-official-says?utm_source=rss_feed Thu, 02 Apr 2026 12:06:55 +0000 Yulu Ao Yulu Ao A burst of 16 new and refiled initial public offering (IPO) applications on Tuesday – including Miniso-backed toy retailer Top Toy – signals a renewed push by companies to tap Hong Kong’s capital markets, as the city looks to cement its standing as a leading global listing venue despite intensifying competition and lingering headwinds. The filings, disclosed by Hong Kong Exchanges and Clearing (HKEX) on March 31, span a range of sectors, though hard-tech firms dominate the pipeline. Companies... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3348674/ipo-rush-returns-hong-kong-cements-its-position-top-global-listings?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3348674/ipo-rush-returns-hong-kong-cements-its-position-top-global-listings?utm_source=rss_feed Wed, 01 Apr 2026 10:00:32 +0000 Vincent Chow Vincent Chow Nasdaq-listed iQiyi, a Chinese online entertainment video provider backed by Baidu, has submitted a confidential application for a listing in Hong Kong, the company said on Monday. Details of the proposed listing have yet to be finalised, the company said, pending regulatory approvals from the Hong Kong stock exchange and the China Securities Regulatory Commission, as well as the company’s own final decision. “There is no assurance that the proposed listing will take place or when it may take... https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3348450/streaming-giant-iqiyi-joins-homecoming-wave-proposed-us300m-hong-kong-listing?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/tech/article/3348450/streaming-giant-iqiyi-joins-homecoming-wave-proposed-us300m-hong-kong-listing?utm_source=rss_feed Mon, 30 Mar 2026 15:14:47 +0000 Enoch Yiu Enoch Yiu Hong Kong will roll out a fully digital, paperless stock market from November 16, a move aimed at boosting efficiency and strengthening the city’s competitiveness, the market regulator said on Monday. About 2,600 listed companies will transition to the new system in phases over five years after the launch, while firms going public after November 16 would no longer issue physical share certificates, according to the Securities and Futures Commission (SFC). Investors will still be able to retain... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3348437/hong-kong-turns-page-paper-shares-digital-shift-kicks-november?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3348437/hong-kong-turns-page-paper-shares-digital-shift-kicks-november?utm_source=rss_feed Mon, 30 Mar 2026 13:30:11 +0000 Enoch Yiu Enoch Yiu Hong Kong retained its position as Asia’s top financial centre and ranked third globally, while also leading in fintech, banking and insurance, according to the latest Global Financial Centres Index released on Thursday. The twice-yearly report assessed the competitiveness of 120 financial markets. Hong Kong scored 756 points, just one point behind London and two points shy of top-ranked New York, while edging Singapore by a single point. The index is compiled by Z/Yen Group and the China... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3348034/hong-kong-holds-no-3-ranking-global-capital-hub-amid-market-volatility?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3348034/hong-kong-holds-no-3-ranking-global-capital-hub-amid-market-volatility?utm_source=rss_feed Thu, 26 Mar 2026 12:35:28 +0000 Enoch Yiu Enoch Yiu Indonesian gold miner PT Merdeka Gold Resources has applied for a Hong Kong listing as it seeks to broaden its international investor base, in a move brokers see as a boost to Hong Kong Exchanges and Clearing’s (HKEX) efforts to attract more international companies and diversify its pipeline. The listing application was intended to “broaden the company’s access to international investors, enhance share liquidity and provide greater flexibility in raising capital to support future growth”,... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3347958/gold-rally-drives-merdekas-hong-kong-ipo-plan-hkex-courts-global-issuers?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3347958/gold-rally-drives-merdekas-hong-kong-ipo-plan-hkex-courts-global-issuers?utm_source=rss_feed Thu, 26 Mar 2026 06:11:30 +0000 Enoch Yiu Enoch Yiu The former managing director and chief China economist of bourse operator Hong Kong Exchanges and Clearing (HKEX), Ba Shusong, has not appeared in public recently and could not be contacted, according to two sources familiar with the situation. Ba is important academic who frequently gave speeches at major conferences over the past decade on behalf of HKEX, speaking about Hong Kong’s role as a connector between mainland China and the world. Mainland media outlets reported that Ba was missing,... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3347879/former-hong-kong-exchange-executive-ba-shusong-reported-out-public-sight?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3347879/former-hong-kong-exchange-executive-ba-shusong-reported-out-public-sight?utm_source=rss_feed Wed, 25 Mar 2026 10:30:21 +0000 SCMP Editorial SCMP Editorial Hong Kong’s securities watchdog has recommended strengthening the stock exchange’s system for company listing and compliance following a review. It comes at a good time as the Hong Kong Exchanges and Clearing (HKEX) has proposed the biggest reform of listing rules in almost a decade. While HKEX works to make it easier and more efficient for companies to raise capital in the city, the Securities and Futures Commission (SFC) must ensure investors are protected with any changes. The city’s... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3347554/hkex-should-heed-recommendations-hong-kongs-securities-watchdog?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3347554/hkex-should-heed-recommendations-hong-kongs-securities-watchdog?utm_source=rss_feed Mon, 23 Mar 2026 22:45:08 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) last week proposed its biggest set of listing reforms since 2018 for Asia’s third-largest stock exchange. Delivered in a consultation paper, the reforms aim to further improve the competitiveness of the exchange that topped the world rankings for initial public offerings (IPOs) last year. The bourse operator will collect views on the proposals, which include broadening a special listing regime for innovative companies and opening the door for listings by... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3347324/should-hong-kongs-stock-exchange-make-all-ipo-applications-confidential?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3347324/should-hong-kongs-stock-exchange-make-all-ipo-applications-confidential?utm_source=rss_feed Sat, 21 Mar 2026 01:30:15 +0000 SCMP Editorial SCMP Editorial Hong Kong Exchanges and Clearing (HKEX) has proposed the biggest overhaul of listing rules in almost a decade. China’s top stock exchange is looking ahead after regaining the global crown for initial public offerings last year following several lean years. To remain competitive, it needs to make its market more accessible to innovative firms seeking to raise capital. At the same time, the city must maintain its international reputation for financial probity and reliability. This means any... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3347120/hkexs-listing-reforms-will-boost-hong-kongs-competitiveness?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3347120/hkexs-listing-reforms-will-boost-hong-kongs-competitiveness?utm_source=rss_feed Thu, 19 Mar 2026 22:45:08 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator will soon begin inspection of investment banks to assess their roles as sponsors of listing candidates, in its latest effort to uphold the quality of new listings amid a booming market. The Securities and Futures Commission (SFC) said the inspection would focus on whether banks had complied with its January circular, which outlined expectations on staffing and quality controls when handling initial public offerings (IPOs) in Hong Kong. For example, the SFC expected... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3347182/sfc-prepares-inspect-hong-kong-ipo-listing-sponsors-amid-quality-concerns?utm_source=rss_feed Thu, 19 Mar 2026 11:00:18 +0000 Cheryl Arcibal Cheryl Arcibal Hong Kong’s securities regulator on Wednesday recommended strengthening the stock exchange’s regulations to better protect investors following a review of 2024 compliance and enforcement cases. The Securities and Futures Commission (SFC) submitted its findings after vetting listed companies’ internal control reviews, their handling of late auditor resignations and the processes of the Hong Kong stock exchange’s listing division. The regulator noted that while thestock exchange “had taken steps... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3347076/hong-kong-securities-watchdog-urges-stock-exchange-tighten-listing-compliance-rules?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3347076/hong-kong-securities-watchdog-urges-stock-exchange-tighten-listing-compliance-rules?utm_source=rss_feed Wed, 18 Mar 2026 14:50:51 +0000 Themis Qi,Enoch Yiu Themis Qi,Enoch Yiu A memo circulating in mainland China’s financial community has raised concerns that Beijing plans to ban certain Chinese companies from listing in Hong Kong via a red-chip structure, with analysts fearing that this could create uncertainty for new listings in the city. According to a memo seen by the South China Morning Post, some red-chip companies – entities registered overseas but with assets and businesses within China – seeking regulatory approval for an initial public offering (IPO) in... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3346903/chinas-tightened-listing-rules-some-red-chips-hong-kong-raise-concerns?utm_source=rss_feed Tue, 17 Mar 2026 11:10:08 +0000 Cheryl Arcibal,Yulu Ao Cheryl Arcibal,Yulu Ao An Ant Group subsidiary has fulfilled all the necessary requirements for acquiring Bright Smart Securities & Commodities Group, Hong Kong’s largest retail stock brokerage, after completing reporting procedures with China’s regulatory authorities, the two companies announced in a joint off-trading-hours filing on Monday. Wealthiness and Prosperity Holding, which is ultimately controlled by Ant Group, had completed reporting procedures required for high-value non-sensitive investment projects, it... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3346811/ant-group-subsidiary-completes-steps-takeover-hks-largest-retail-stock-brokerage?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3346811/ant-group-subsidiary-completes-steps-takeover-hks-largest-retail-stock-brokerage?utm_source=rss_feed Tue, 17 Mar 2026 00:52:51 +0000 Julie Zhang Julie Zhang More than 10 loss-making biotechnology companies have filed for Hong Kong stock exchange listings this year, bringing cutting-edge drugs and artificial intelligence-powered drug discovery platforms to market, as the city’s bourse presses ahead with reforms aimed at supporting the real economy. The latest applications came as healthcare and biotechnology equity capital market activity – stock sales by companies and their shareholders – in Hong Kong reached US$15.6 billion last year, the second... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3346710/hong-kong-attracts-wave-biotech-ipo-filings-amid-ai-drug-boom?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3346710/hong-kong-attracts-wave-biotech-ipo-filings-amid-ai-drug-boom?utm_source=rss_feed Mon, 16 Mar 2026 05:07:12 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) has unveiled its biggest listing reforms since 2018, broadening its special listing regime for innovative companies and opening the door for smaller and more diverse firms to list in the city, the bourse operator said on Friday. The exchange also proposed expanding the confidential filing option to all new listing applicants, replacing the current rule that applies only to secondary listings or certain technology applicants. The reform was seen as... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3346458/hkex-opens-door-small-innovative-firms-list-biggest-reforms-2018?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3346458/hkex-opens-door-small-innovative-firms-list-biggest-reforms-2018?utm_source=rss_feed Fri, 13 Mar 2026 05:40:33 +0000 Enoch Yiu Enoch Yiu Arrests in a HK$315 million (US$40 million) insider dealing case underscore Hong Kong’s commitment to upholding the integrity of its stock market amid a surge in new listings and share placements, according to industry players. The Independent Commission Against Corruption (ICAC) on Thursday said it had arrested eight people after joining forces with the Securities and Futures Commission (SFC) earlier this week to raid premises connected to a hedge fund and two securities firms. The joint... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3346394/hong-kong-insider-trading-arrests-send-very-strong-message-market-integrity?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3346394/hong-kong-insider-trading-arrests-send-very-strong-message-market-integrity?utm_source=rss_feed Thu, 12 Mar 2026 23:00:10 +0000 Emily Hung Emily Hung Hong Kong has been urged to extend its stock trading hours to maintain its status as an international financial hub, as competitors move towards near 24-hour operations to capture global liquidity. Speaking at the “Redefining Hong Kong 2026 Budget Edition” forum organised by the South China Morning Post on Monday, Kenny Shui Chi-wai, vice-president of think tank Our Hong Kong Foundation, said the city should consider lengthening the stock market’s trading hours, which rivals were already... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3346018/hong-kong-urged-extend-stock-trading-hours-keep-rivals?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3346018/hong-kong-urged-extend-stock-trading-hours-keep-rivals?utm_source=rss_feed Mon, 09 Mar 2026 15:53:50 +0000 Aileen Chuang Aileen Chuang Semiconductor display manufacturer Everdisplay Optronics (Shanghai) and robotics firm Zhejiang Galaxis Technology Group have received approval to list in Hong Kong, marking steady progress in the city’s nearly 500-strong listings pipeline. The two mainland Chinese companies published their post-hearing information packs on the Hong Kong stock exchange on Sunday, as the initial public offering (IPO) market in the city gathers pace once again after the Chinese New Year holiday. Neither firm... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3345921/hong-kongs-ipo-pace-picks-2-mainland-chinese-firms-get-listing-approval?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3345921/hong-kongs-ipo-pace-picks-2-mainland-chinese-firms-get-listing-approval?utm_source=rss_feed Mon, 09 Mar 2026 03:48:17 +0000 Enoch Yiu Enoch Yiu HSBC Holdings, Xiaomi, AIA, Pop Mart International, Tsingtao Brewery and others are among about 650 listed companies that may need to change their trading unit under proposed reforms by bourse operator Hong Kong Exchanges and Clearing (HKEX). Market participants generally support the reform as it would bring Hong Kong’s stock market trading in line with international practices and allow retail investors to more easily trade a wider range of stocks, but they also warn of challenges in... https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3345863/why-hkexs-board-lot-reform-could-pose-challenges-hsbc-and-others?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/markets/article/3345863/why-hkexs-board-lot-reform-could-pose-challenges-hsbc-and-others?utm_source=rss_feed Mon, 09 Mar 2026 00:15:12 +0000 Emily Hung Emily Hung Hong Kong must do more to shatter the glass ceilings at its roots, moving beyond token diversity to ensure motherhood no longer derails women’s careers, advocates have said on International Women’s Day. Chief Executive John Lee Ka-chiu said on Sunday that women were “holding up more than half the sky” for Hong Kong as they accounted for 54 per cent of the population and comprised half of the government, legal and accounting workforce, with increasing representation in corporate leadership. The... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3345880/hong-kong-must-ensure-motherhood-no-longer-derails-womens-careers-advocates?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3345880/hong-kong-must-ensure-motherhood-no-longer-derails-womens-careers-advocates?utm_source=rss_feed Sun, 08 Mar 2026 10:00:15 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) has seen significant improvement in the gender diversity of listed companies but the bourse operator has not made progress in the area of mobility for independent directors, exchange data showed. One in five listed companies in Hong Kong have boards where women comprise 30 per cent of members, HKEX chairman Carlson Tong Ka-shing said on Friday. “Gender diversity makes good business sense,” Tong said in a speech at a special gong-striking ceremony on Friday... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3345664/hkex-sees-more-women-boards-little-progress-tenure-cap-rules?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3345664/hkex-sees-more-women-boards-little-progress-tenure-cap-rules?utm_source=rss_feed Fri, 06 Mar 2026 08:15:07 +0000 Julie Zhang Julie Zhang Beijing should create a “connect” scheme for initial public offerings (IPOs) in the Greater Bay Area to allow mainland Chinese and Hong Kong investors to buy into new listings across the border, HSBC Asia-Pacific chairman Peter Wong Tung-shun said on the eve of China’s annual “two sessions” meetings. “If investors in both Shenzhen and Hong Kong are further allowed to participate simultaneously in IPOs in both markets – achieving a more comprehensive IPO connect mechanism for the Greater Bay Area... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3345285/hsbc-chairman-floats-ipo-connect-hong-kong-shenzhen-ahead-chinas-two-sessions?utm_source=rss_feed Tue, 03 Mar 2026 10:30:09 +0000 Julie Zhang,Yulu Ao Julie Zhang,Yulu Ao Until last year, Fidelity International’s most significant cornerstone commitments on the Hong Kong initial public offering (IPO) market dated back to 2021, when Chinese short-video platform Kuaishou Technology raised US$5.4 billion and healthcare firm Medlive Technology completed a US$543.4 million listing. Then for the next four years, the asset manager went quiet. Late last year it returned to Chinese assets in force. It backed gold miner Zijin Gold International’s US$3.2 billion listing in... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344890/big-cornerstone-comeback-whats-driving-investors-back-hong-kong-ipos?utm_source=rss_feed Sat, 28 Feb 2026 02:00:57 +0000 Kenny Shui,Pascal Siu,Katie Ho Kenny Shui,Pascal Siu,Katie Ho Following a challenging cycle, Financial Secretary Paul Chan Mo-po has delivered a budget returning Hong Kong to the black. After consecutive operating deficits, the operating account has returned to profit. Simultaneously, the consolidated account records a HK$2.9 billion (US$370.6 million) surplus for 2025/26, signalling stability. This turnaround is driven largely by a buoyant stock market and a stabilising property sector, reviving stamp duty revenues and investment income. This provides... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3344819/after-celebrating-its-surplus-hong-kong-must-work-sustaining-it?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/hong-kong-opinion/article/3344819/after-celebrating-its-surplus-hong-kong-must-work-sustaining-it?utm_source=rss_feed Sat, 28 Feb 2026 01:30:07 +0000 Lam Ka-sing Lam Ka-sing A combination of a strong initial public offering (IPO) market and bond sales has helped put Hong Kong’s financial health back in the black sooner than expected, with analysts expecting a robust pipeline of listings to be key to sustaining the city’s surplus. In his budget speech on Wednesday, Financial Secretary Paul Chan Mo-po said the city was previously expected to record a HK$67 billion deficit for the 2025-26 financial year, which ends on March 31, but emerged with an estimated HK$2.9... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3344776/hong-kong-records-hk29-billion-consolidated-surplus-2025-26-heres-how?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3344776/hong-kong-records-hk29-billion-consolidated-surplus-2025-26-heres-how?utm_source=rss_feed Thu, 26 Feb 2026 14:01:20 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) will roll out a broad package of market reforms aimed at attracting more international listings and expanding into fixed income, commodities and other asset classes over the coming years, its CEO said on Thursday. Bonnie Chan Yiting, approaching the end of her first two years as CEO at HKEX – which operates Asia’s third-largest stock exchange – outlined the strategy as the exchange reported a second consecutive year of record annual profit, driven by... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344683/hkex-profit-jumps-36-another-record-high-surging-turnover-ipos?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344683/hkex-profit-jumps-36-another-record-high-surging-turnover-ipos?utm_source=rss_feed Thu, 26 Feb 2026 04:25:27 +0000 Vivian Au Vivian Au Hong Kong will establish the first national manufacturing innovation centre outside mainland China and a high-level steering committee to spearhead AI development, the finance chief has said, as the city seeks to align with the country’s 15th five-year plan. Financial Secretary Paul Chan Mo-po also unveiled a citywide artificial intelligence (AI) literacy drive in Wednesday’s budget, earmarking funds for various organisations to set up courses on the technology. “We must embrace the 15th... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3344645/hong-kong-set-first-national-innovation-centre-outside-mainland-china?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/society/article/3344645/hong-kong-set-first-national-innovation-centre-outside-mainland-china?utm_source=rss_feed Wed, 25 Feb 2026 14:51:53 +0000 Enoch Yiu Enoch Yiu Hong Kong will consider shortening the stock trading settlement cycle to one day after the transaction, as well as attracting more international firms to have secondary listings in the city, to strengthen the city’s status as an international financial centre, according to Financial Secretary Paul Chan Mo-po’s budget speech on Wednesday. Chan said the bourse operator, Hong Kong Exchanges and Clearing (HKEX), would in the first half of this year make proposals in a market consultation on how to... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3344629/hong-kong-speed-stock-settlement-time-catch-west-and-mainland?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3344629/hong-kong-speed-stock-settlement-time-catch-west-and-mainland?utm_source=rss_feed Wed, 25 Feb 2026 11:36:34 +0000 Natalie Wong Natalie Wong Financial Secretary Paul Chan Mo-po has announced an array of industry spending and relief measures in Hong Kong’s budget, in response to the city’s quicker-than-expected return to a surplus of HK$2.9 billion (US$370.8 million) in its consolidated account. In a two-hour address to the Legislative Council on Wednesday, Chan pledged substantial government support and investment in major development projects and key industries, such as the artificial intelligence (AI), intellectual property (IP)... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3344584/surpluses-investments-tax-breaks-whats-it-you-hong-kongs-budget-2026-27?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3344584/surpluses-investments-tax-breaks-whats-it-you-hong-kongs-budget-2026-27?utm_source=rss_feed Wed, 25 Feb 2026 08:40:12 +0000 Enoch Yiu Enoch Yiu The Securities and Futures Commission (SFC) has secured for the first time separate court orders in Hong Kong and the UK to freeze HK$4.3 million (US$552,948) in assets belonging to three alleged insider traders – including a former Hong Kong Exchanges and Clearing (HKEX) staffer – who have left the city. The city’s Court of First Instance granted a worldwide interim injunction order against the trio – former HKEX listing division staffer Chan Ching-wa and his relatives Lam Cho-man and Chau... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3344502/sfc-moves-freeze-assets-3-insider-traders-who-have-left-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 23:30:14 +0000 Enoch Yiu Enoch Yiu When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago, his work involved US dollars, UK pounds, Japanese yen and various European and Asian currencies – but not Chinese yuan. “Back then, there was no yuan trading at all as, in fact, the internationalisation of the yuan only started in 2009,” recalled Chan, who has worked for various Chinese banks. Beijing’s decision that year to promote its currency for wider use in trade,... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3344464/why-chinas-path-financial-superpower-status-could-begin-hong-kong?utm_source=rss_feed Tue, 24 Feb 2026 15:00:09 +0000 Letters Letters Feel strongly about these letters, or any other aspects of the news? Share your views by emailing us your Letter to the Editor at letters@scmp.com or filling in this Google form. Submissions should not exceed 400 words The 2026 Forbes Hong Kong rich list offers a snapshot of the city’s economic elite and it looks remarkably like that from a decade ago. Li Ka-shing retains his crown via a conglomerate rooted in ports and property. The Lee, Kwok and Cheng families follow close behind, their... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/letters/article/3344306/can-hong-kongs-exchange-fund-capture-growth-tomorrow?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/letters/article/3344306/can-hong-kongs-exchange-fund-capture-growth-tomorrow?utm_source=rss_feed Tue, 24 Feb 2026 03:30:07 +0000 Aileen Chuang Aileen Chuang China’s Harbour BioMed has struck a deal worth more than US$1.2 billion with a clinical-stage biotechnology company to develop and commercialise an antibody outside China, as the country’s novel drug makers increasingly secure not only upfront licensing fees but also long-term international partnerships. The Shanghai-based company announced a licence and equity agreement on Monday with Solstice Oncology, a firm established by a syndicate of venture capital investors, for the exclusive... https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3344311/wave-chinese-biotech-deals-builds-harbour-biomed-solstice-sign-us12-billion-pact?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/china-business/article/3344311/wave-chinese-biotech-deals-builds-harbour-biomed-solstice-sign-us12-billion-pact?utm_source=rss_feed Mon, 23 Feb 2026 07:15:13 +0000 Enoch Yiu Enoch Yiu Hong Kong’s financial markets on Friday greeted the Year of the Horse with a mixed response, with stocks and gold moving in different directions on the first trading day of the year. Markets reopened on the fourth day of the Lunar New Year, with the Hang Seng Index closing 1.1 per cent lower at 26,413.25, and gold advancing 0.6 per cent to end the day at HK$46,685 (US$5,985) a tael (37.9 grams). Hong Kong Gold Exchange (HKGX) chairman Haywood Cheung Tak-hay said the exchange would team up with... https://www-scmp-com.libproxy1.nus.edu.sg/business/commodities/article/3344067/hong-kong-stocks-and-gold-start-year-horse-mixed-note?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/commodities/article/3344067/hong-kong-stocks-and-gold-start-year-horse-mixed-note?utm_source=rss_feed Fri, 20 Feb 2026 03:40:58 +0000 SCMP Editorial SCMP Editorial The initial public offering (IPO) gravy train has been a great boost to the local financial industry. But given the high number of applicants for IPOs, due diligence sometimes takes a back seat in favour of speed, cost-saving and competition. Hong Kong has regained its title as the No 1 market for IPOs, so it’s all the more important that the highest listing standard is observed. The Securities and Futures Commission (SFC) has ordered 13 investment banks to review their listing application and... https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3343969/hong-kong-regulators-are-right-scrutinise-ipo-applications?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/opinion/comment/article/3343969/hong-kong-regulators-are-right-scrutinise-ipo-applications?utm_source=rss_feed Thu, 19 Feb 2026 23:15:08 +0000 Themis Qi Themis Qi 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 Independent Non-Executive Director Association (HKINEDA), which was based on the 2024 annual reports of more than 2,600 listed... https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3343485/why-its-troubling-hong-kong-board-member-pay-ranges-us850-us167-million?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/companies/article/3343485/why-its-troubling-hong-kong-board-member-pay-ranges-us850-us167-million?utm_source=rss_feed Sun, 15 Feb 2026 03:30:10 +0000 Enoch Yiu Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) plans to expand further into fixed income and commodities in the coming years, as global investors seek to diversify away from US dollar assets amid rising uncertainty, senior officials at the bourse operator said. “Over the last few years, a lot of global capital has gravitated towards the US market,” said Bonnie Chan Yiting, CEO of HKEX, at a media briefing on Wednesday. “But now, given a lot of the uncertainty, investors do want to diversify.” Chan said... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342403/hkex-eyes-expansion-fixed-income-global-investors-reassess-us-exposure?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342403/hkex-eyes-expansion-fixed-income-global-investors-reassess-us-exposure?utm_source=rss_feed Wed, 04 Feb 2026 13:05:38 +0000 Cao Li,Yulu Ao Cao Li,Yulu Ao When Malaysian civil engineering contractor BBSB International listed in Hong Kong last month, its offering was oversubscribed by a factor of nearly 11,000, and its shares rose more than fivefold from their offer price of HK$0.60 on the morning of their trading debut. BBSB is one of several non-Chinese companies that have flocked to Hong Kong to list recently, and banks expect more to follow this year as the city’s initial public offering (IPO) market booms. While New York and London used to be... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342363/vibrant-hong-kong-market-attract-more-listings-abroad-bankers-say?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342363/vibrant-hong-kong-market-attract-more-listings-abroad-bankers-say?utm_source=rss_feed Wed, 04 Feb 2026 08:45:36 +0000 Enoch Yiu Enoch Yiu Hong Kong’s market regulator has ordered 13 investment banks to review their listing application and staffing procedures after finding widespread deficiencies in initial public offering (IPO) submissions, amid a surge in deal activity. The Securities and Futures Commission (SFC) found that many recent listing application documents contained “serious deficiencies”, potentially because some sponsors were handling too many deals without sufficient manpower or resources, its chief executive Julia... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342118/hong-kong-ipo-boom-strains-sponsors-regulator-steps-over-poor-applications?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342118/hong-kong-ipo-boom-strains-sponsors-regulator-steps-over-poor-applications?utm_source=rss_feed Mon, 02 Feb 2026 10:30:08 +0000 Cao Li Cao Li Nearly 100 companies filed new listing applications in Hong Kong in January, marking a strong start to 2026 for initial public offering (IPO) activity. A total of 95 companies applied to list on Hong Kong’s main board, while one sought a place on the Growth Enterprise Market, which primarily served smaller and growth-stage firms, according to a report from Hong Kong Exchanges and Clearing (HKEX) on Friday. The 96 applications were more than triple the 29 recorded a year earlier, and roughly... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342003/hong-kong-back-global-ipo-spotlight-after-strongest-january-years?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3342003/hong-kong-back-global-ipo-spotlight-after-strongest-january-years?utm_source=rss_feed Sun, 01 Feb 2026 12:00:08 +0000 Aileen Chuang Aileen Chuang Chinese energy-drinks maker Eastroc Beverage has kicked off a Hong Kong initial public offering (IPO) to raise up to HK$10.1 billion (US$1.3 billion), making it the city’s largest listing this year that has already seen a dozen companies raise more than US$4.5 billion. The Shanghai-listed firm was offering 40.9 million shares at a maximum price of HK$248 each, according to its prospectus filed to the Hong Kong stock exchange on Monday. At this price, the firm would be valued at around US$21... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3341216/chinese-drinks-maker-eastrocs-us13-billion-hong-kong-ipo-gives-it-wings-soar?utm_source=rss_feed Mon, 26 Jan 2026 05:47:52 +0000 Enoch Yiu Enoch Yiu Singapore Exchange (SGX) Group is seeking to widen its cross-listing schemes with Shanghai and Shenzhen and explore partnerships with Hong Kong Exchanges and Clearing (HKEX) and other exchanges, according to its CEO. “Connectivity, in my view, is the new architecture for capital markets,” said Loh Boon Chye in an exclusive interview with the Post during his visit to Shenzhen last week. “We look towards more connectivity, not just with China but with other like-minded exchanges.” Loh said if... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340933/singapore-exchange-hints-deeper-ties-hkex-can-yuan-business-open-doors?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340933/singapore-exchange-hints-deeper-ties-hkex-can-yuan-business-open-doors?utm_source=rss_feed Sun, 25 Jan 2026 05:00:09 +0000 Enoch Yiu Enoch Yiu New energy, artificial intelligence, electric vehicle (EV) and biotechnology companies will remain the driving force behind Hong Kong’s initial public offering (IPO) market in the coming years, according to the head of bourse operator Hong Kong Exchanges and Clearing (HKEX). “In the past year, dozens of new companies in green energy, automation and other sectors have listed in Hong Kong, enabling them to scale their research and global impact,” wrote Bonnie Chan Yiting, CEO of HKEX, in an... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340575/new-energy-ai-ev-and-biotech-drive-hong-kong-ipo-growth-hkex?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340575/new-energy-ai-ev-and-biotech-drive-hong-kong-ipo-growth-hkex?utm_source=rss_feed Tue, 20 Jan 2026 11:15:06 +0000 Aileen Chuang Aileen Chuang Busy Ming Group, China’s largest snack and drink retailer, is seeking to raise up to HK$3.34 billion (US$428 million) in a Hong Kong initial public offering (IPO), testing investors’ appetite for consumer-oriented stocks. The firm, which focuses on a value model, planned to sell 14.1 million shares at HK$229.60 to HK$236.60, according to its prospectus filed with the Hong Kong stock exchange on Tuesday. The stock is expected to begin trading on January 28. Busy Ming owns two brands – Busy for... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3340497/chinas-busy-ming-test-investor-appetite-consumer-plays-hong-kong-ipo?utm_source=rss_feed Tue, 20 Jan 2026 03:55:03 +0000 Xiaofei Xu Xiaofei Xu As political and business leaders gather in the Swiss town of Davos for this year’s World Economic Forum, scheduled to begin on Monday, analysts expect China to continue positioning itself as a reliable trade partner and supporter of multilateralism – stances drawing an implicit contrast with the United States under President Donald Trump. This year’s meeting, themed “A Spirit of Dialogue”, will take place amid heightened global tensions in the wake of several controversial actions by Trump’s... https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3340298/china-readies-davos-sales-pitch-us-grants-beijing-window-opportunity?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/economy/global-economy/article/3340298/china-readies-davos-sales-pitch-us-grants-beijing-window-opportunity?utm_source=rss_feed Mon, 19 Jan 2026 04:00:12 +0000 Connor Mycroft,Enoch Yiu Connor Mycroft,Enoch Yiu David Webb, the corporate governance activist renowned for his free public database and his explosive “Enigma Network” exposé that rocked the Hong Kong stock exchange, has died aged 60 of metastatic prostate cancer. A notice posted on one of his social media accounts confirmed his death on Tuesday. He is survived by his wife and two children. “It is with great sadness that we share that David M Webb MBE passed away peacefully in Hong Kong on Tuesday January 13, 2026 from metastatic prostate... https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3339776/hong-kong-corporate-governance-activist-david-webb-dies-60?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/news/hong-kong/hong-kong-economy/article/3339776/hong-kong-corporate-governance-activist-david-webb-dies-60?utm_source=rss_feed Tue, 13 Jan 2026 12:56:05 +0000 Enoch Yiu Enoch Yiu High-dividend yielding Hong Kong and mainland banking stocks are likely to attract investors looking to park some of the HK$106.16 billion (US$13.6 billion) windfall from the Hang Seng Bank privatisation deal, according to analysts. They tipped Bank of China (Hong Kong) and HSBC to be among the biggest beneficiaries these investors seek as dividend-paying replacements. About 15,000 Hang Seng Bank shareholders are expected to receive their payout cheques by February 4 in exchange for their... https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3339361/which-stocks-will-hang-seng-bank-shareholders-consider-their-us14-billion-windfall?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/article/3339361/which-stocks-will-hang-seng-bank-shareholders-consider-their-us14-billion-windfall?utm_source=rss_feed Sun, 11 Jan 2026 23:30:12 +0000 Aileen Chuang Aileen Chuang Shares of Chinese artificial intelligence start-up MiniMax Group surged on their Hong Kong debut on Friday, reflecting investor confidence after securing substantial support from global institutional backers. The company’s shares first changed hands at HK$235.40, up 42.7 per cent from the initial public offering (IPO) price of HK$165. The stock surged as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345, valuing it at HK$106.7 billion (US$13.7... https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3339251/chinese-ai-start-minimax-shines-hong-kong-ipo-debut?utm_source=rss_feed https://www-scmp-com.libproxy1.nus.edu.sg/business/banking-finance/article/3339251/chinese-ai-start-minimax-shines-hong-kong-ipo-debut?utm_source=rss_feed Fri, 09 Jan 2026 01:59:41 +0000