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It concerns the regulatory oversight of public listings! The Hong Kong Securities and Futures Commission has made recommendations to the Stock Exchange.
The Hong Kong Securities and Futures Commission stated, "We will work closely with the Stock Exchange to implement the relevant proposals to maintain the integrity and stability of the Hong Kong listing market and enhance its resilience."
Express News | Shenzhen Stock Exchange: Promote the construction of a safe and efficient digital system for the Capital Markets.
Express News | Hong Kong Stock Exchange: On December 16, JPMorgan's long position in Great Wall Motor listed in Hong Kong (2333.HK) decreased from 7.36% to 6.48%.
Express News | Hong Kong Exchange: On December 19, HSBC repurchased 6.4 million shares of Stocks at Other Exchanges for 48.7 million British Pounds.
Hong Kong Exchange (00388.HK): Hong Kong has become one of the top four new stock markets globally this year and will continue to advance various strategic initiatives in the future.
The Hong Kong Stock Exchange (00388.HK) released its 2024 review, stating that this year's results have been fruitful, with Hong Kong becoming one of the Global top four IPO markets. Both the listing activities and fundraising amounts far exceeded the previous year. As of December 20, there were a total of 66 new stocks listed on the Hong Kong Stock Exchange, with total fundraising reaching 83 billion HKD. With the improvement in the macro environment boosting market sentiment, all markets under Hong Kong Stock Exchange set new daily trading highs in the third and fourth quarters. CEO Bonnie Chan Yi-ting stated that this year the Hong Kong Stock Exchange completed and announced several important strategic initiatives, including various reform measures, new products, strategic partnerships, and enhancements aimed at future Infrastructure.
Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;