How Beijing took control of Hong Kong’s financial hub—and left the West behind
4 months, 2 weeks ago

How Beijing took control of Hong Kong’s financial hub—and left the West behind

Live Mint  

With the golden gongs behind her waiting to be rung, Bonnie Chan, head of Hong Kong’s stock exchange, launched into a speech this spring. Hong Kong is still vital for anyone in China who wants to issue or invest in stocks and bonds outside the mainland—they just don’t need Western bankers to be the gatekeepers, they say. Changing of the Guard So far this year, 56 companies have listed on the Hong Kong stock exchange, and 79% of those didn’t engage any foreign bank as major sponsors, according to deal prospectuses. Mainland Chinese companies have also solidified their dominating position in Hong Kong’s stock market, taking up 80% of the market’s total value by the end of October, compared with 60% a decade ago. Since 2023, Chinese local governments have increasingly taken on the role of Hong Kong IPO investors as Beijing steers capital toward government priorities, such as semiconductors, and international investors lose interest in Chinese assets.

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History of this topic

Chinese capital outflows to boost Hong Kong markets, central bank chief says
6 days, 4 hours ago

Chinese capital outflows to boost Hong Kong markets, central bank chief says

The Hindu  

Hong Kong's central bank head said on Wednesday that he expects Chinese capital inflows to Hong Kong to provide the biggest opportunity for the financial hub's capital markets in the next few years. "I think the bigger opportunity in the next few years will come from what we call Southbound, Chinese capital going out to the world through Hong Kong," …

The Fall of Hong Kong: How China-US Rivalry Ended a Geopolitical Neutral Zone
11 months, 1 week ago

The Fall of Hong Kong: How China-US Rivalry Ended a Geopolitical Neutral Zone

The Diplomat  

In a meeting of the U.S. National Security Council held on June 8, 1960, John F. Dulles, the secretary of state of the Eisenhower administration, made an interesting comment on Cold War Hong Kong: “Hong Kong exists because it is useful both to the Free World and the Sino-Soviet Bloc.” Sixty years later, Dulles’ comment remains insightful to understanding Hong …

How China tried to fix the stock market—and broke the quants
1 year ago

How China tried to fix the stock market—and broke the quants

Live Mint  

China’s biggest quant funds beat the market for years by applying complicated statistical models to stock picking. The country’s two biggest stock exchanges and its securities regulator launched a widespread clampdown on quants in late February, tightening the rules governing the sector and temporarily banning two funds from trading altogether. Made in America The launch of China’s quant industry goes …

In Hong Kong, decades of wealth gains evaporate on China’s watch
1 year, 2 months ago

In Hong Kong, decades of wealth gains evaporate on China’s watch

Al Jazeera  

Hong Kong’s stock market is lower today than it was in 1997 when the territory returned to Chinese sovereignty. Taipei, Taiwan – Like many Hong Kongers, accountant Edelweiss Lam spent the last week watching the city’s stock market wipe out 14 months of gains as the Hang Seng Index fell below the psychological threshold of 15,000 points. But while ebbs …

Vantage | Why investors are pulling money out of China's stock markets
1 year, 2 months ago

Vantage | Why investors are pulling money out of China's stock markets

Firstpost  

As India celebrates the consecration of the Ram Temple in Ayodhya, the festive mood is overshadowed by discontent in its neighbouring countries. Meanwhile, China, India’s iron brother, is grappling with significant economic challenges, leading to a mass exodus of investors and mounting losses in its financial markets. The decline of Hong Kong’s financial prowess signifies a shift in China’s growth …

How can Hong Kong maintain its competitiveness as an international financial center?
1 year, 10 months ago

How can Hong Kong maintain its competitiveness as an international financial center?

China Daily  

Photo taken on July 14, 2020 shows the Golden Bauhinia Square in Hong Kong. Challenged by the complex and volatile external environment and uncertainties, how should Hong Kong plough the waves to maintain its competitiveness as an international financial center? Here are excerpts from the interview: CNS: Under the impact of the changing international environment and the Covid-19 pandemic, what …

Hong Kong stocks tumble almost 3% as traders extend tech-fuelled rout
3 years ago

Hong Kong stocks tumble almost 3% as traders extend tech-fuelled rout

Firstpost  

Traders are also fretting over possible sanctions if Beijing reacts to Russia’s plea for military help in its Ukraine invasion, which could lead to measures against Chinese firms including possible sanctions. Hong Kong: Hong Kong stocks plunged again Tuesday, extending the previous day’s tech-fuelled rout that came after China locked down the tech hub of Shenzhen. The Shanghai Composite Index …

Can Hong Kong’s economy survive China’s political crackdown?
3 years, 5 months ago

Can Hong Kong’s economy survive China’s political crackdown?

Al Jazeera  

Business is considering its options amid the national security law, currency fears and punishing COVID-19 quarantines. Over the past year, Hong Kong’s society has been torn apart by the Beijing-imposed national security law and changes to the electoral process designed to ensure only people deemed “patriots” can hold office in the territory. Last month, the institute’s annual report on economic …

Hong Kong still 'go-to' place for investors, official says
3 years, 10 months ago

Hong Kong still 'go-to' place for investors, official says

China Daily  

Hong Kong's chief investment promotion officer has expressed full faith in the city's future economic development, as the newly enacted National Security Law for Hong Kong and improvements to its electoral system bring stability to the city's business environment. Hong Kong, being part of the growth engine of the Guangdong-Hong Kong-Macao Greater Bay Area while also enjoying good connections with …

Future of Hong Kong: Financial elite weigh up fleeing as businesses undeterred by Chinese crackdown
4 years ago

Future of Hong Kong: Financial elite weigh up fleeing as businesses undeterred by Chinese crackdown

The Telegraph  

In the most stark demonstration yet of what might happen if a company does not toe the party line, Hong Kong's flag carrier Cathay Pacific was caught in the crossfire in 2019 as Beijing cracked down after some staff drew attention for joining the anti-government protests. Since then it has only doubled down on the world’s second largest economy, it’s …

Shocked Hong Kong in a New Era under 'White Knuckle' China Grip
4 years, 8 months ago

Shocked Hong Kong in a New Era under 'White Knuckle' China Grip

News 18  

For 23 years Hong Kong was an anomaly. China's Hong Kong and Macau Affairs Office said the law would be a "sharp sword" hanging over the heads of a "tiny number of people" endangering national security. At the same time, the law would be a "guardian" of the rights, freedoms and peaceful lives of the rest of Hong Kong's people, …

The US is treating Hong Kong as mainland China. Business is starting to do the same
4 years, 8 months ago

The US is treating Hong Kong as mainland China. Business is starting to do the same

CNN  

Hong Kong CNN Business — The relationship between China and the West is rapidly eroding, and that could have serious implications for Hong Kong’s status as a global financial hub. The New York Times on Tuesday also announced that it would move some of its staff based in Hong Kong to Seoul as it began to “make contingency plans.” Alongside …

Global stocks rise as investors shrug off US-China tensions
4 years, 10 months ago

Global stocks rise as investors shrug off US-China tensions

CNN  

Hong Kong CNN Business — Hong Kong stocks are on pace for their best day since March as investors shrug off the Trump administration’s intention to end a special economic and trading relationship with the Asian financial hub. It was the first opportunity investors there had to react to US President Donald Trump’s announcement last week that Washington would “begin …

Hong Kong on borrowed time as China pushes for more control
4 years, 10 months ago

Hong Kong on borrowed time as China pushes for more control

Associated Press  

BANGKOK — Hong Kong has been living on borrowed time ever since the British made it a colony nearly 180 years ago, and all the more so after Beijing took control in 1997 and granted it autonomous status. China’s passage of a national security law for the city is the latest sign that the 50-year “one country, two systems” arrangement …

Hong Kong’s future: Business fears grow
4 years, 10 months ago

Hong Kong’s future: Business fears grow

CNN  

Hong Kong CNN Business — Hong Kong’s status as Asia’s premiere financial hub survived months of political unrest last year. “Regardless, I think the real issue is less the actual amount of trade than the signal a change in status would send about the unreliability of doing business with Hong Kong.” A serious development More than 1,300 US companies alone …

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet
5 years, 4 months ago

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet

CNN  

Hong Kong CNN Business — The political unrest in Asia’s premiere financial hubhas taken adark, violent turn this week. The latter could lift the Hong Kong exchange above the New York Stock Exchange and the Nasdaq as this year’s largest venuefor public offerings. “I don’t see its standing as a financial center shaken.” A growing market Despite the rise of …

Hong Kong plunges into first recession since global financial crisis; protests, trade war take toll on financial hub
5 years, 5 months ago

Hong Kong plunges into first recession since global financial crisis; protests, trade war take toll on financial hub

Firstpost  

Hong Kong: Hong Kong on Thursday confirmed it had plunged into its first recession since the global financial crisis as months of seething pro-democracy protests and the US-China trade war exact a heavy toll on the financial hub. The unrest has hit the city’s tourist and entertainment industries hard, compounding economic woes that were already being caused by the global …

Hong Kong’s political crisis isn’t a deal breaker for investors right now
5 years, 5 months ago

Hong Kong’s political crisis isn’t a deal breaker for investors right now

CNN  

Hong Kong CNN Business — Protests have paralyzed many parts of Hong Kong for months, trashing its retail economy and prompting an outflow of money to Singapore. The day before Tuesday’s violent escalation, Anheuser-Busch InBev listed its Asia business on the Hong Kong Stock Exchange, raising $5 billion in the second biggest IPO of the year after Uber. “Budweiser’s IPO …

Hong Kong economy: Hong Kong’s protests are starting to hurt its business
5 years, 8 months ago

Hong Kong economy: Hong Kong’s protests are starting to hurt its business

CNN  

Hong Kong CNN Business — Hong Kong’s most serious political crisis in more than 20 years is taking its toll on the economy and beginning to shake the confidence of international investors. Paul Chan, the top finance official in Asia’s premier financial hub, said Sunday that the city’s mass demonstrations have hurt local merchants and “worried all those who are …

China stocks: Think Wall Street’s had a bad year? Shanghai’s was even worse
6 years, 3 months ago

China stocks: Think Wall Street’s had a bad year? Shanghai’s was even worse

CNN  

Hong Kong CNN Business — The recent turbulence in US stock markets pales in comparison with China’s dismal 2018. Hong Kong’s Hang Seng, which is packed with big Chinese companies, followed Shanghai into bear territory in September. A trade truce agreed by US President Donald Trump and Chinese leader Xi Jinping on December 1 has done little to calm either …

The Origin of China’s Stock Market Disaster? A Private Sector Starved for Credit
6 years, 4 months ago

The Origin of China’s Stock Market Disaster? A Private Sector Starved for Credit

Bloomberg  

Chinese stocks are among the world’s worst performers this year. An economy that’s growing at its slowest pace since 2009 and the U.S.-China trade war are certainly dragging them down, but there’s an even bigger problem: The private sector—businesses not owned or controlled by the state—is broke. What began last year as a crackdown on lending to heavily acquisitive conglomerates …

China economy: Beijing frees up more cash as trade war with US heats up
6 years, 5 months ago

China economy: Beijing frees up more cash as trade war with US heats up

CNN  

Hong Kong CNN Business — China is pouring more cash into its flagging economy as it braces for further pain from the trade war with the United States. China’s central bank said Sunday that it would move to free up 750 billion yuan for new lending in an attempt to prop up growth. “The economy clearly needs the support,” Wei …

Hong Kong was supposed to be a world financial capital in a communist system. Contradiction?
7 years, 9 months ago

Hong Kong was supposed to be a world financial capital in a communist system. Contradiction?

LA Times  

Britain handed Hong Kong over to China 20 years ago. “I wouldn’t be surprised if 10 years down the line, Hong Kong is still the key conduit for foreign investment into China,” said Julian Evans-Pritchard, China economist at Capital Economics in Singapore. The Chinese Foreign Ministry was more blunt, stating that it “no longer has any practical significance.” That will …

HK's return 20 years later breaks the prophecy that sings the blues over its development
7 years, 9 months ago

HK's return 20 years later breaks the prophecy that sings the blues over its development

China Daily  

Hong Kong’s development in the 20 years since its return to China has broken the prophecy that sings the blue over the region’s prosperity, said People’s Daily on June 25. In 2003, when the Severe Acute Respiratory Syndromes hit both mainland China and Hong Kong, the central government spared no efforts and provided free medicine and protective medical equipment for …

Hong Kong welcomes launch of Shenzhen-Hong Kong Stock Connect
8 years, 4 months ago

Hong Kong welcomes launch of Shenzhen-Hong Kong Stock Connect

China Daily  

HONG KONG - The Hong Kong Special Administrative Region government and institutions welcomed the launch of the Shenzhen-Hong Kong Stock Connect on Friday evening. It will also reinforce Hong Kong's position as an international financial center and a premier offshore RMB hub, it said. We will closely monitor its implementation so that it will contribute to the economic and financial …

Mainland investors hunt for stock bargains in Hong Kong
9 years, 2 months ago

Mainland investors hunt for stock bargains in Hong Kong

China Daily  

An employee walks into the Hong Kong Stock Exchange in Hong Kong. Stock investors are finally seeing value in domestic shares, but there's a twist: instead of wading back onto battered onshore exchanges, they've gone shopping for bargains in Hong Kong. His Hong Kong portfolio, focused on dividend-yielding shares in mainland companies such as China Shenhua Energy and Television Broadcasting …

HK stock market may be a safe harbor in a stormy sea
9 years, 6 months ago

HK stock market may be a safe harbor in a stormy sea

China Daily  

HK stock market may be a safe harbor in a stormy sea Updated: 2015-09-14 07:55 By Eddy Li Global stock markets have suffered great turbulence recently. Compared with most of the major markets in the world, Hong Kong's stock market has proved its resilience. The more fluctuant the global stock markets are, the more obvious the superiority of the Hong …

China stocks jump again as emergency measures bite
9 years, 8 months ago

China stocks jump again as emergency measures bite

Live Mint  

Shanghai: Chinese stocks rose strongly for a second day on Friday, buoyed by a barrage of government support measures, but worries persist about the long-term impact that four weeks of stock market turmoil may have on the world’s second-largest economy. “Chinese investors move in herds,” said Samuel Chien, a partner of Shanghai-based hedge fund manager BoomTrend Investment Management Co. “After …

Mainland money continues to fuel stock surge in HK[1]- Chinadaily.com.cn
9 years, 9 months ago

Mainland money continues to fuel stock surge in HK[1]- Chinadaily.com.cn

China Daily  

I opened my first ever stock account eight months after I arrived in Hong Kong last August. Hong Kong's benchmark Hang Seng Index, flat during 2013 and 2014, had gained 20 percent this year by May 26, to 28,249, with many mainland investors pouring their money in. Hong Kong institutional investors still hold an overwhelming proportion of the mainland equities …

Mainland money continues to fuel stock surge in HK[1]- Chinadaily.com.cn
9 years, 9 months ago

Mainland money continues to fuel stock surge in HK[1]- Chinadaily.com.cn

China Daily  

I opened my first ever stock account eight months after I arrived in Hong Kong last August. Hong Kong's benchmark Hang Seng Index, flat during 2013 and 2014, had gained 20 percent this year by May 26, to 28,249, with many mainland investors pouring their money in. Hong Kong institutional investors still hold an overwhelming proportion of the mainland equities …

Shenzhen set to steal Hong Kong's thunder
9 years, 10 months ago

Shenzhen set to steal Hong Kong's thunder

China Daily  

View of the Ping An International Finance Center Tower under construction in Shenzhen city, south China's Guangdong province on August 21, 2014. The city is home to many of China's most successful companies, including Huawei Technologies Co, Tencent Holdings Ltd and Ping An Insurance Co. "While places like the rust belt in the northeast or the coal-mining area of Shanxi …

Mixed investor reactions to Shanghai-HK stock link
10 years, 4 months ago

Mixed investor reactions to Shanghai-HK stock link

China Daily  

BEIJING - The launch of the Shanghai-Hong Kong Stock Connect pilot program on Monday did not boost prices, with the Shanghai bourse trading in low territory. Li Xiaojia, executive director of Hong Kong Exchanges and Clearing Ltd, said mainland investors were cautious because they were not familiar with overseas capital markets and the operating rules in the Hong Kong stock …

Stock Connect unites HK, Shanghai
10 years, 4 months ago

Stock Connect unites HK, Shanghai

China Daily  

Hong Kong Exchanges and Clearing Ltd Chairman Chow Chung-kong and Hong Kong Chief Executive Leung Chun-ying prepare to hit a gong during the launch ceremony of the Shanghai-Hong Kong Stock Connect, at Central in Hong Kong on Monday. Although the much-anticipated Shanghai Hong Kong Stock Connect program did not start with a bang on Monday, stock analysts in both cities …

Hong Kong protests hit city's role as finance hub
10 years, 5 months ago

Hong Kong protests hit city's role as finance hub

India TV News  

Hong Kong: Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to China. “I hope that the Hong Kong people could understand that sometimes we need short-term disturbances to draw attention from …

Bridging Hong Kong, Shanghai for the future[1]- Chinadaily.com.cn
10 years, 10 months ago

Bridging Hong Kong, Shanghai for the future[1]- Chinadaily.com.cn

China Daily  

The China Securities Regulatory Commission's decision to permit stock market access between the mainland and Hong Kong is likely to have a far-reaching impact on the Shanghai and Hong Kong bourses. Under the pre-stipulated quota, qualified investors from Hong Kong can invest in stocks listed at the Shanghai Stock Exchange. At the same time, qualified investors from Shanghai can also …

Why Peking is biggest investor in Hong Kong
26 years, 6 months ago

Why Peking is biggest investor in Hong Kong

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy THE HONG Kong government which …

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