Hong kong stock exchange

Sep 13, 10:49 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Ben PERRY 09/13/19 AT 10:30 AM The London Stock Exchange Group on Friday turned down a takeover bid by the Hong Kong Stock Exchange, citing "fundamental" flaws and concerns over its ties to the Hong Kong government.In a statement, LSEG said management "unanimously rejects the conditional proposal" from Hong Kong Stock Exchange (HKEX) and "given its fundamental flaws, sees no merit in further engagement" regarding the offer worth almost £32 billion ($40 billion, 36 billion euros)."There is no doubt that your unusual board structure and your relationship with the Hong Kong government will complicate matters," LSEG told HKEX bosses in a letter published alongside the rejection statement.Analysts said the LSEG had been "spooked" by recent pro-democracy protests in Hong Kong.The owner of the London and Milan stock exchanges added Friday that it "remains … [Read more...] about London Stock Exchange Rejects £32bn Hong Kong Takeover Bid

On 25 November 2016, the Securities and Futures Commission of Hong Kong ("SFC") and the China Securities Regulatory Commission ("CSRC") announced that the Shenzhen-Hong Kong Stock Connect ("SZ-HK Stock Connect") would formally commence trading on 5 December 2016.  This follows their grant of the approval in principle of the SZ-HK Stock Connect on 16 August 2016.Similar to the Shanghai-Hong Kong Stock Connect ("SH-HK Stock Connect"), the SZ-HK Stock Connect allows eligible investors to trade shares listed in the Shenzhen Stock Exchange and The Stock Exchange of Hong Kong.In a joint statement issued by the SFC and the CSRC, the regulators indicated that the trading, clearing, regulatory, operational, and other relevant rules and arrangements to operate the SH-HK Stock Connect were in place.Additionally, the SFC and the CSRC also entered into a memorandum of understanding to strengthen and expand cross-boundary regulatory and enforcement cooperation which applies to both the SZ-HK … [Read more...] about Shenzhen-Hong Kong Stock Connect Finally Launches on 5 December 2016

Sep 04, 2:44 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Shreesha Ghosh @Shreesha_94 08/23/17 AT 4:23 AM UPDATE: 4:45 a.m. EDT — At least three people, including a 45-year-old mainland Chinese tourist, died in Macau and two went missing after typhoon Hato lashed through the South China Sea on Wednesday. Earlier, four people were said to have gone missing in Fai Chi Kei, Macau; however, later two people were rescued, South China Morning Post reported. Macau also faced blackout due to power supply cable failure in the neighboring city of Zhuhai. The power supply is slowly being restored, the Macau Daily Times reported.Original Story Typhoon Hato that made landfall in China on Wednesday whipped through Hong Kong causing heavy floods and suspension of trade. The city observatory downgraded the powerful typhoon to number 8 at 2:10 p.m. local time (2:10 a.m. EDT) hours after the city issued the highest storm … [Read more...] about WATCH: Typhoon Hato Triggers Heavy Flooding in Hong Kong, Halts Stock Trading

Sep 11, 7:50 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Ben PERRY 09/11/19 AT 7:30 AM European stocks jumped further Wednesday on the eve of a key ECB policy meeting, while investors gave a lukewarm response to a takeover bid for the London Stock Exchange by its Hong Kong rival.News that US President Donald Trump had fired his hawkish national security adviser John Bolton also lifted sentiment, with analysts saying it could see the White House take a less strident approach and ease geopolitical tensions."Equities in Europe are higher... as traders look ahead to tomorrow's European Central Bank (ECB) update, and Beijing's decision to soften its stance on the US has helped sentiment too," noted David Madden, market analyst at CMC Markets UK.China on Wednesday said it would spare a number of US products from punitive tariffs in what is seen as an olive branch by Beijing in the protracted trade war ahead of high-level talks … [Read more...] about European stock markets extend gains, as mega-merger eyed

SFC Publishes Consultation Conclusions on Client Agreement RequirementsThe Securities and Futures Commission (SFC) has published the “Consultation Conclusions on the Client Agreement Requirements” under which licensed intermediaries are required to incorporate a new clause in all client agreements which imposes a contractual obligation to ensure the suitability of investment recommendations and solicitations.  The new clause reads as follows:“If we [the intermediary] solicit the sale of or recommend any financial product to you [the client], the financial product must be reasonably suitable for you having regard to your financial situation, investment experience and investment objectives.  No other provision of this agreement or any other document we may ask you to sign and no statement we may ask you to make derogates from this clause.”A note is added to the above clause to explain the meaning of “financial product”  - any securities, … [Read more...] about Hong Kong Regulatory Bulletin – December 2015