Latest news with #BonnieChan
RTHK
08-07-2025
- Business
- RTHK
Beijing opens up southbound Bond Connect scheme
Beijing opens up southbound Bond Connect scheme Jiang Huifen, a senior official at the People's Bank of China, says the country will support more onshore investors to access offshore bonds. Photo: RTHK Bonnie Chan, chief executive of the Hong Kong Exchanges and Clearing, says China's bond market has huge room to grow. Photo: RTHK China's central bank said on Tuesday more mainland-based institutions would be allowed to invest offshore through the Bond Connect scheme, with authorities planning to open it up to non-banking investors. The scheme enables onshore investors to access Hong Kong's bond market. Currently, financial institutions not in the banking sector are excluded from the southbound leg of the trading link. Speaking at the Bond Connect Anniversary Summit 2025, Jiang Huifen, deputy director-general of the financial market department at the People's Bank of China, said the scheme was expanded to also cover brokerages, insurers, mutual funds and wealth managers. The move will provide wider access for onshore investors to international bonds traded in Hong Kong, including offshore yuan- and US dollar-denominated debt. According to Jiang, the quota under the Swap Connect scheme, which allows global investors to trade and clear onshore yuan interest-rate swaps, will also be increased. She added that China's bond market was growing following the emergence of the global tariff war, with domestic bonds held by overseas investors rising by nearly 200 billion yuan from about 4 trillion yuan at the start of the year. "We are actively studying other measures to promote the opening up of the bond market," she told participants in a video speech. "We will also enhance the facilitation level of cross-border investment and financing, promote the establishment of a one-stop account opening platform for overseas investors." Analysts believe the move by the central bank reflected Beijing's wider efforts to open up its financial system, improve two-way capital flows by loosening restrictions on financial flows, and enhance the global appeal of the yuan. Bonnie Chan, chief executive of Hong Kong Exchanges and Clearing, said China's bond market, already the second largest in the world, had room for growth with international investors accounting for only 3 percent of the total. "We don't expect international investors to maintain such a small exposure indefinitely. There is a huge amount of room for growth," she told event participants. "With global investors increasingly seeking diversification, there is a huge opportunity for that growth to happen in the coming years. "And with unique connect channels such as Bond Connect, this is where global investors will get the best access to China's growth opportunities." Eddie Yue, chief executive of Hong Kong Monetary Authority, also hailed the expansion of the southbound Bond Connect scheme. "This will open up more channels to meet the growing demand from mainland investors, addressing their needs for diversified asset allocation," he said. "It will also bolster the development of Hong Kong's bond market by widening the investor base and enhancing market liquidity,hence increasing Hong Kong's attractiveness to both bond issuers and global investors."
South China Morning Post
19-06-2025
- Business
- South China Morning Post
HKEX displays iconic gong across Hong Kong to mark 25 years as listed entity
Hong Kong Exchanges and Clearing (HKEX), operator of Asia's third-largest stock market, is taking its iconic gong on a tour of the city over the next two weeks to commemorate 25 years as a listed company. The exchange operator will display the gong, used for listing ceremonies, on a truck alongside a first-generation trading booth at nine locations from Friday until July 3. The HKEX completes a quarter century as a listed entity on June 27. The public can view the display at tourist spots like the Hong Kong Observation Wheel in Central, West Kowloon, and Wan Chai, as well as residential areas such as Quarry Bay, Sha Tin and Tseung Kwan O. 'The gong is used for every listing ceremony and all important events,' said Bonnie Chan Yiting, CEO of HKEX, at the launch of the gong's tour at the Central Harbour Front on Thursday. 'To me, the gong not only represents listed companies, the HKEX and the capital market, but also Hong Kong – an international financial centre.' The HKEX is taking its iconic gong on a tour of Hong Kong over the next two weeks. Photo: Edmond So The city's stock market, which traces its roots to 1891, has always had a listing ceremony, with executives raising a toast to mark a company's debut. However, the first gong-striking ceremony was held on December 7, 2011, to mark the start of trading of gaming operator Melco Crown Entertainment.
Zawya
16-06-2025
- Business
- Zawya
Hong Kong bourse seeks to woo Southeast Asia, Middle East firms for second listings
HONG KONG - The Hong Kong stock exchange plans to attract listed companies in Southeast Asia and the Middle East, in particular, for second listings in the financial hub, its chief executive said, as the bourse looks to burnish its global credentials. Hong Kong Exchanges and Clearing Ltd (HKEX) also sees a pickup in the number of companies listed in mainland China markets seeking a listing in the city to raise capital for their global expansions, Bonnie Chan said. "We're now more focused on companies which are actually already listed on another market, but might have outgrown their domestic market," said Chan, a former capital markets lawyer, who took over as HKEX's first female CEO last year. "I am now beginning to realize that our sweet spot may not be private companies." As part of those efforts, the Hong Kong stock exchange will soon open a representative office in Riyadh, Chan said, which will allow "even closer connection" with the Saudi exchange, after recent product launches. Three Singaporean firms listed in Hong Kong over the last 12 months, and a Thai company is expected to do the same soon, Chan said, adding HKEX's talks with potential issuers from outside the Greater China region has "gained quite a bit of momentum". The Hong Kong exchange, which is the most preferred venue for Chinese companies looking to raise offshore capital, has been striving to attract IPO hopefuls from elsewhere as part of its ambition to become a global capital raising platform. While that goal has met with limited success so far, Chan's efforts come against the backdrop of increased flows of capital into non-U.S. markets as U.S. President Donald Trump's policies cloud investors' appetite for dollar-denominated assets. A surge in listings and follow-on share offerings by Chinese companies, such as electric vehicle battery giant CATL's raising of $5.3 billion last month, however, has boosted HKEX's outlook after it reported record high profit in the first quarter. The Hong Kong exchange has emerged as the top destination globally for listings by volume, with a total of 31 companies raising $10 billion this year, according to LSEG data, with another $26 billion raised via follow-on share issuances. INVESTOR INTEREST The momentum is set to continue mainly due to a strong list of mainland Chinese firms tapping the Hong Kong market to raise capital for global expansion plans, as Beijing steps up efforts to bolster its private enterprises and revive its economy. More than 20 mainland China-listed companies have applied to raise capital in Hong Kong by issuing shares, while another 20 have announced similar plans, Chan said, hoping to ride bullish investor sentiment. The Hang Seng index is up nearly 19% so far this year. The number of companies in HKEX's IPO pipeline have doubled to more than 160 as of Friday from around 80 in end-December 2024, filing records show. "Amidst all the development in the world, we are now seeing investors again turning their attention to this part of the world when they assess investment opportunities, fundraising venues," Chan said. U.S. investors' demand for shares in recent Hong Kong listings has increased significantly, she said. "That's a good indication that the interest has returned from investors across different markets." Reuters reported last month, citing sources, that online fast fashion retailer Shein was working towards a listing in Hong Kong after its proposed IPO in London failed to secure the green light from Chinese regulators. Chan declined to comment on Shein's Hong Kong listing plans.
New Straits Times
16-06-2025
- Business
- New Straits Times
Hong Kong bourse seeks to woo Southeast Asia, Middle East firms for second listings
HONG KONG: The Hong Kong stock exchange plans to attract listed companies in Southeast Asia and the Middle East, in particular, for second listings in the financial hub, its chief executive said, as the bourse looks to burnish its global credentials. Hong Kong Exchanges and Clearing Ltd (HKEX) also sees a pickup in the number of companies listed in mainland China markets seeking a listing in the city to raise capital for their global expansions, Bonnie Chan said. "We're now more focused on companies which are actually already listed on another market, but might have outgrown their domestic market," said Chan, a former capital markets lawyer, who took over as HKEX's first female CEO last year. "I am now beginning to realize that our sweet spot may not be private companies." As part of those efforts, the Hong Kong stock exchange will soon open a representative office in Riyadh, Chan said, which will allow "even closer connection" with the Saudi exchange, after recent product launches. Three Singaporean firms listed in Hong Kong over the last 12 months, and a Thai company is expected to do the same soon, Chan said, adding HKEX's talks with potential issuers from outside the Greater China region has "gained quite a bit of momentum." The Hong Kong exchange, which is the most preferred venue for Chinese companies looking to raise offshore capital, has been striving to attract IPO hopefuls from elsewhere as part of its ambition to become a global capital raising platform. While that goal has met with limited success so far, Chan's efforts come against the backdrop of increased flows of capital into non-US markets as US President Donald Trump's policies cloud investors' appetite for dollar-denominated assets. A surge in listings and follow-on share offerings by Chinese companies, such as electric vehicle battery giant CATL's raising of US$5.3 billion last month, however, has boosted HKEX's outlook after it reported record high profit in the first quarter. The Hong Kong exchange has emerged as the top destination globally for listings by volume, with a total of 31 companies raising US$10 billion this year, according to LSEG data, with another US$26 billion raised via follow-on share issuances. INVESTOR INTEREST The momentum is set to continue mainly due to a strong list of mainland Chinese firms tapping the Hong Kong market to raise capital for global expansion plans, as Beijing steps up efforts to bolster its private enterprises and revive its economy. More than 20 mainland China-listed companies have applied to raise capital in Hong Kong by issuing shares, while another 20 have announced similar plans, Chan said, hoping to ride bullish investor sentiment. The Hang Seng index is up nearly 19 per cent so far this year. The number of companies in HKEX's IPO pipeline have doubled to more than 160 as of Friday from around 80 in end-December 2024, filing records show. "Amidst all the development in the world, we are now seeing investors again turning their attention to this part of the world when they assess investment opportunities, fundraising venues," Chan said. U.S. investors' demand for shares in recent Hong Kong listings has increased significantly, she said. "That's a good indication that the interest has returned from investors across different markets." Reuters reported last month, citing sources, that online fast fashion retailer Shein was working towards a listing in Hong Kong after its proposed IPO in London failed to secure the green light from Chinese regulators.
The Star
16-06-2025
- Business
- The Star
Hong Kong bourse seeks to woo Southeast Asia, Middle East firms for second listings
HONG KONG: The Hong Kong stock exchange plans to attract listed companies in Southeast Asia and the Middle East, in particular, for second listings in the financial hub, its chief executive said, as the bourse looks to burnish its global credentials. Hong Kong Exchanges and Clearing Ltd (HKEX) also sees a pickup in the number of companies listed in mainland China markets seeking a listing in the city to raise capital for their global expansions, Bonnie Chan said. "We're now more focused on companies which are actually already listed on another market, but might have outgrown their domestic market," said Chan, a former capital markets lawyer, who took over as HKEX's first female CEO last year. "I am now beginning to realize that our sweet spot may not be private companies." As part of those efforts, the Hong Kong stock exchange will soon open a representative office in Riyadh, Chan said, which will allow "even closer connection" with the Saudi exchange, after recent product launches. Three Singaporean firms listed in Hong Kong over the last 12 months, and a Thai company is expected to do the same soon, Chan said, adding HKEX's talks with potential issuers from outside the Greater China region has "gained quite a bit of momentum". The Hong Kong exchange, which is the most preferred venue for Chinese companies looking to raise offshore capital, has been striving to attract IPO hopefuls from elsewhere as part of its ambition to become a global capital raising platform. While that goal has met with limited success so far, Chan's efforts come against the backdrop of increased flows of capital into non-U.S. markets as U.S. President Donald Trump's policies cloud investors' appetite for dollar-denominated assets. A surge in listings and follow-on share offerings by Chinese companies, such as electric vehicle battery giant CATL's raising of $5.3 billion last month, however, has boosted HKEX's outlook after it reported record high profit in the first quarter. The Hong Kong exchange has emerged as the top destination globally for listings by volume, with a total of 31 companies raising $10 billion this year, according to LSEG data, with another $26 billion raised via follow-on share issuances. INVESTOR INTEREST The momentum is set to continue mainly due to a strong list of mainland Chinese firms tapping the Hong Kong market to raise capital for global expansion plans, as Beijing steps up efforts to bolster its private enterprises and revive its economy. More than 20 mainland China-listed companies have applied to raise capital in Hong Kong by issuing shares, while another 20 have announced similar plans, Chan said, hoping to ride bullish investor sentiment. The Hang Seng index is up nearly 19% so far this year. The number of companies in HKEX's IPO pipeline have doubled to more than 160 as of Friday from around 80 in end-December 2024, filing records show. "Amidst all the development in the world, we are now seeing investors again turning their attention to this part of the world when they assess investment opportunities, fundraising venues," Chan said. U.S. investors' demand for shares in recent Hong Kong listings has increased significantly, she said. "That's a good indication that the interest has returned from investors across different markets." Reuters reported last month, citing sources, that online fast fashion retailer Shein was working towards a listing in Hong Kong after its proposed IPO in London failed to secure the green light from Chinese regulators. Chan declined to comment on Shein's Hong Kong listing plans. - Reuters
