Amid support from US rates and Chinese policies, investors are finally showing interest in Hong Kong stocks again. It’s still far from the market’s heyday but the path has not been this clear for years.
The Stock Exchange of Hong Kong announced the adoption of climate-related disclosures, requiring the disclosure of greenhouse gas emissions starting January 1, 2025.
Net profit for the January-to-March period came in at HK$2.97 billion (US$380 million), or HK$2.35 per share, beating a consensus estimate of a 14 per cent decline and improving on the fourth quarter of 2023 by 14 per cent.
Carlson Tong Ka-shing, a veteran accountant and former head of the city’s market regulator, will work with CEO Bonnie Chan, as the exchange grapples with low market turnover and a decline in new listings.
Paul Chan, Hong Kong’s financial secretary, and Bonnie Chan, the CEO of bourse operator Hong Kong Exchanges and Clearing, were speaking at Fortune Innovation Forum 2024.