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A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Beijing has long touted its ambitions for increasing global use of the Chinese yuan — also known as the "renminbi" or "RMB" — in an international financial market where the U.S. dollar is the dominant currency. watch nowLast year, the HKEX announced a "Dual-Counter" program that allows investors to trade Hong Kong-listed securities in Hong Kong dollars or Chinese yuan. The euro was slightly higher at 5.6%, while the U.S. dollar dominated with a nearly 85% share, the data showed. A maturing financial marketDeveloping more Chinese yuan-denominated investment products also requires a maturation of the local financial sector.
Persons: China’s renminbi, Athit Perawongmetha, Bonnie Chan, Chan, We're, SWIFT, Fred Hu, Hu, it's, Patience, Kenny Lam Organizations: Reuters, Hong Kong Exchanges, U.S ., International Monetary Fund, U.S, Primavera Capital, Sigma Asia Locations: U.S, Bangkok, Thailand, Reuters DALIAN, China, Beijing, Russia, Dalian, Hong Kong, Shanghai, Pacific
HKEX CEO aims for more large-scale IPOs this year
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHKEX CEO aims for more large-scale IPOs this yearBonnie Chan, the new CEO of Hong Kong Exchanges and Clearing Limited, discusses her first 100 days and outlook at the World Economic Forum's Annual Meeting of the New Champions in Dalian, China.
Persons: Bonnie Chan Organizations: Hong Kong Exchanges, New Locations: Dalian, China
The firm is overweight on Tencent shares, with a price target of 400 Hong Kong dollars ($51). Also helping analysts' optimism on the stock are Tencent's share buybacks. HSBC has a buy rating on Tencent, with a target price of 385 Hong Kong dollars. Pan said that low liquidity in Hong Kong has also affected share prices in that market, but he hopes that can improve with a new CEO. The Hong Kong exchange's co-COO Bonnie Chan is set to become head of the business in late May.
Persons: Morgan Stanley, Gary Yu, Morgan Stanley's Yu, Tencent, Prosus, Charlene Liu, HSBC's, Grant Pan, Noah Holdings, Pan, Hong Kong exchange's, Bonnie Chan, — CNBC's Michael Bloom Organizations: Hong, Jefferies, Naspers, Internet, Gaming Research, HSBC Locations: Hong, Hong Kong, Asia, Japan, Netherlands, Tencent, 1Q24, Asia Pacific, HKD500m, China
This time, liberal and moderate candidates took control in high-profile races in conservative Iowa, and the swing states of Pennsylvania and Virginia. Pennsylvania saw a number of Democratic victories in school boards, particularly in districts that have recently seen GOP-led school boards adopt policies targeting transgender students, as well as reading materials and curriculum on LGBTQ+ history. Turn PA Blue, a partisan political organization, said Democrats gained control of at least seven school boards and gained ground in a half-dozen others in Pennsylvania, a swing state. In the Central Bucks School District north of Philadelphia, Democrats flipped three seats, ousting the incumbent school board president, and retained two others, giving the party majority control. School board politics have also become contentious in Virginia since 2021, when Republican Gov.
Persons: , ” Randi Weingarten, Michael Geer, , , Bonnie Chang, Glenn Youngkin, Toni Morrison, Stephen Chbosky, Kirk Twigg, Mike Pence, Kim Reynolds, Brittania Morey, ___ Mulvihill, Matthew Barakat, John Hanna, Heather Hollingsworth Organizations: , The American Federation of Teachers, Liberty, Associated Press, Conservative, PA Family Institute, Pennsylvania, Democratic, GOP, Central Bucks School District, Philadelphia Inquirer, Republicans, Turn Bucks, School, Republican Gov, Linn, Mar Community School District, Gov Locations: HARRISBURG, Pa, Iowa, Pennsylvania, Virginia, York County, Philadelphia, Bucks County, Central Bucks, Spotsylvania County, Washington, D.C, Loudoun County, Cedar Rapids, Cherry Hill , New Jersey, Falls Church , Virginia, Topeka , Kansas, Mission , Kansas
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