Flying high in the year of the pig
HKEX just released its strategic plan for the next three years, painting itself as the “global markets leader in the Asian time zone”. read
Tag: Trading volume
IPOs — swipe left
As Asian exchanges increasingly embrace the US model for new listings — the introduction of variable voting rights being a case in point — disintermediated IPOs may perhaps soon be the next fad.
The joke is on you
As the introduction of weighted voting rights (WVR) and pre-revenue companies’ listings get nearer in Hong Kong, I see an opportune time for a quick take on the types of companies that the exchange — which is probably the most volatile of the world’s major primary markets — readily allows.
The end of the affair
Last week, Hong Kong’s plans to play host to IPOs of international behemoths such as Saudi Aramco took a serious hit, amid news that both Glencore and Tapestry, the owner of luxury fashion brand Coach, would delist from the local exchange. read
The East is Red
Over the summer, the Stock Exchange of Hong Kong (HKEX) released a fascinating, but little noticed, survey detailing cash trading on its two listing platforms, the Main Board and GEM. The survey also included southbound trading undertaken through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes, launched in 2014 and December 2016, respectively. read
From the Kingdom to the Middle Kingdom
As the US$100bn-plus IPO of Saudi Aramco nears its launch, the UK’s Telegraph has most recently hinted at a three-way foreign listing, conducted across London, New York and Hong Kong. I look at the practicalities and advantages (as well as disadvantages) for the oil behemoth of listing in Asia. read
North-by-northwest
Around this time last year, I reviewed the dismal performance of the Hong Kong primary markets, and ventured a guess that investors could instead turn en masse to ECM transactions in Malaysia, Singapore, Thailand, Indonesia – and even the Philippines. How wrong I was! read
Less Through Train, more Slow Train
Surprise – surprise. The launch of the Shanghai-Hong Kong Stock Connect scheme, which had been in the works for months, has recently been delayed. The Through Train has been derailed. read
Has the Singapore IPO market lost its mojo?
A quick glance at the SGX’s website shows that only six new listings closed on the Main Board since the start of the year. read
HK investors give foreign issuers cold shoulder
Fast Retailing, the Japanese owner of fashion brands Uniqlo, Theory, Comptoir des Cotonniers and Princesse tam.tam, listed depository receipts in Hong Kong on March 5. read