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Top related persons:
Hong Kong - 1 HKEX - 1 Una Galani - 1 Thomas Shum - 1
Top related locs:
HONG KONG Hong Kong China Shanghai Shenzhen Hong
Top related orgs:
Hong Kong Exchanges - 1 HK - 1 China Securities Regulatory Commission - 1 Asia Securities Industry - 1 Financial Markets Association - 1 Corporate Governance Association - 1 China Life Insurance - 1 Wall - 1

Search resuls for: "Hang Seng China Enterprise Index"


2 mentions found


☆ A less friendly Hong Kong awaits global investors
  + stars: | 2023-08-15 | by ( Robyn Mak | Thomson Reuters | Robyn Mak Joined Reuters Breakingviews In Previously | ) www.reuters.com   time to read: +5 min
HONG KONG, Aug 15 (Reuters Breakingviews) - Hong Kong has lost some permanent appeal. The introduction of two sets of approvals was mandated three decades ago when foreign investors wanted additional protections to invest in the first wave of Chinese firms listing in Hong Kong. China's domestic securities laws have since developed and global investors can now directly buy shares onshore through various channels. That could lead to more onshore shares being issued relative to offshore shares, further diluting minority owners in Hong Kong. In 2020, Hong Kong shareholders vetoed the Bank of Zhengzhou's proposal to avoid such an outcome.
Persons: Hong Kong, HKEX, Una Galani, Thomas Shum Organizations: Reuters, Hong Kong Exchanges, HK, China Securities Regulatory Commission, Asia Securities Industry, Financial Markets Association, Corporate Governance Association, China Life Insurance, Wall, Hong, Bank of, Companies, Global, Hang Seng China Enterprise Index, Graphics Global, Thomson Locations: HONG KONG, Hong Kong, China, Shanghai, Shenzhen, Hong
☆ Hong Kong's Hang Seng had its best month since 1998, but remains in bear market territory
  + stars: | 2022-12-02 | by ( Jihye Lee | ) www.cnbc.com   time to read: +3 min
Strategists at Goldman Sachs said from February 2021 to October 2022, the Hang Seng index saw a "systemic correction," which the firm defines as a fall of 40% or more. Next key levelsAnalysts at Weiss Multi-Strategy Advisers said, "November may, in hindsight, be viewed as a key turning point for Chinese equities," noting the Hang Seng China Enterprise index and the property sector saw significant gains. After its November gains, the Hang Seng index hovered around 18,600 – a level of resistance according to market watchers. "With the 18,600 level of resistance being overcome for the Hang Seng Index, that could seem to place the key psychological 20,000 level on watch," IG market strategist Yeap Jun Rong said in a Thursday note. The HSI last fell below the 20,000 level in August, and analysts expect to see a continued rebound in the equity market on further signs that the nation will shift away from zero-Covid.
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