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South China Morning Post
3 days ago
- Business
- South China Morning Post
China may let Hong Kong-listed firms raise funds in Shenzhen via ‘H + A' IPOs
New Chinese government guidelines allowing Hong Kong-listed companies to seek secondary share listings in Shenzhen could help these companies expand on the mainland while potentially encouraging more Hong Kong share offerings, according to analysts. Unveiled on Tuesday by the Central Committee of the Communist Party and the State Council, the guidelines allow mainland companies with Hong Kong-listed shares (known as H shares), to issue A shares, or yuan-denominated shares, on the Shenzhen Stock Exchange – a reversal of the so-called A + H pathway that mainland-listed companies can use to add dual listings on the Hong Kong exchange The guidelines did not elaborate on which companies would be eligible for H + A listings or the required procedures. The new opportunity would diversify fundraising options for businesses within the Greater Bay Area , the economic region including Hong Kong, Macau and nine cities in Guangdong province, said Wilson Chan Fung-cheung, adjunct professor at City University. It would 'allow businesses within the [bay area] to raise new funds to expand their operations in mainland China, where their brands are more widely recognised', he said. The dual-listing scenario could also tempt more businesses to seek listings in Hong Kong, as a single application could allow them to offer shares in both markets, said Kenny Ng Lai-yin, a strategist at Everbright Securities International in Hong Kong. The new regime could exclude some listed companies, including Tencent Holdings , that use a structure that disallows mainland listings. Many Chinese companies listed in the US and Hong Kong use the set-up, known as the variable interest entity structure, to circumvent Chinese restrictions that prohibit foreign investors from holding assets in certain sectors such as the internet and telecommunications.
South China Morning Post
14-05-2025
- Business
- South China Morning Post
Surprise lay-offs hit Hong Kong's Hang Seng Bank amid HSBC's sweeping revamp
Hong Kong retail lender Hang Seng Bank is laying off staff as part of its parent company HSBC Holdings' aggressive restructuring aimed at enhancing cost-effectiveness and growth. Advertisement The lender, 62.14 per cent owned by HSBC , informed staff in various departments over the past few weeks that they would lose their jobs as part of the restructuring plan, two separate sources told the Post. The affected units were mainly supporting departments such as information technology and corporate communications, as well as index compiler Hang Seng Indexes and some units that were being consolidated in the restructuring, the sources said. The total number of people affected was not disclosed. Some departments lost up to 20 per cent of their staff, while the hardest-hit team was cut in half, the sources said. Wealth management and other key growth areas would not be affected and were instead the focus of expansion, the sources said. The bank is currently recruiting for about 100 vacancies. 'Hang Seng's lay-off plan is a surprise to the market, because the domestic lenders in Hong Kong tend not to have massive lay-offs and tend to keep a stable headcount even during the previous financial crises,' said Kenny Ng Lai-yin, a strategist at Everbright Securities International. Advertisement 'The surprise lay-offs may reflect the challenging operating environment and weak local economy in Hong Kong, as both the retail and property sectors have performed badly. Hang Seng has no choice but to cut down staff headcount to reduce costs.' The lay-offs were expected to continue in the coming two months, the sources said. Remaining employees must apply for their positions again, competing with new external applicants.
Yahoo
09-04-2025
- Business
- Yahoo
Chinese Stocks Bounce Back as Traders Bet on Fresh Stimulus
(Bloomberg) — Chinese stocks climbed for a second day, bucking a worldwide selloff, amid growing speculation that authorities will roll out stimulus to shield the economy from Donald Trump's tariffs. A closely watched gauge of Chinese stocks in Hong Kong (^HSCE) ended 1.4% higher after sliding more than 4% earlier. The onshore CSI 300 ( Index closed up 1%. The moves came as investors shifted their attention to the likely response of Chinese authorities after US tariffs as high as 104% took effect Wednesday. China's top leaders are planning to meet to discuss measures to boost the economy and stabilize capital markets, Reuters reported Wednesday, citing people with knowledge of the matter. 'With the tougher tariffs announced, markets are expecting more government stimulus to boost consumption,' said Kenny Ng, a strategist at China Everbright Securities International. That has encouraged investors to scoop up consumer-driven stocks during the current rally, he said. Mainland Chinese investors bought an unprecedented HK$35.6 billion ($4.6 billion) worth of stocks in Hong Kong on Wednesday. Onshore buyers appear to be unperturbed by the escalating tariff tensions, plowing in more than HK$115 billion since April 2, when the US unveiled the sweeping tariffs. Chinese technology companies were among the most popular stocks during the Wednesday rally. Chipmakers Semiconductor Manufacturing International Corp. ( and Unigroup Guoxin Microelectronics Co. ( soared, buoyed by expectations of AI-related demand. Smartphone maker Xiaomi ( XIACY) closed up 7.7%, its best day since August. Duty-free store operators, which are spared from import taxes, also emerged as big winners. Shares of China Tourism Group Duty Free Corp. jumped 24% in Hong Kong trading. The damage to Chinese companies' earnings from US tariffs is likely to be smaller than the hit to the wider economy, according to Morgan Stanley strategists. Companies in the MSCI China index get only around 3% of their revenue from the US, they wrote in a note. The US tariff on Chinese goods was increased after Beijing retaliated to an earlier announcement. The tit-for-tat moves has raised the specter of a prolonged period of trade tensions that could badly hurt both economies — increasing the importance of a big stimulus push. 'With this trade war, the urgency will be even stronger for them,' said Elizabeth Kwik, investment director of Asian equities at Aberdeen Investments. 'It is already the direction that they were going in anyway, but it's more like a catalyst to speed up and to take some quicker action.' Premier Li Qiang said his country has ample policy tools to 'fully offset' any negative external shocks. Beijing is considering frontloading its stimulus to counter the hit, Bloomberg News previously reported. Chinese authorities haven't immediately responded to the latest tariffs, a departure from previous episodes when Trump hiked duties and officials hit back within minutes. The trade war is providing a test of China's ability to coax the stock market higher during times of turmoil. While Trump has largely shrugged off the market impact, Beijing has pulled out all the stops: easing its grip on the currency, promising loans to state funds, loosening investment rules for insurers and turning to a group of state-backed funds to buy stocks and exchange-traded funds. Inflows into ETFs linked to the so-called national team were 87 billion yuan ($11.9 billion) on Tuesday, hitting an all-time record for the second day running. That suggests state funds stepped in en masse to prop up the market. Chinese state media outlets struck a triumphant tone as these measures helped push markets higher on Tuesday. The China Securities Journal said authorities had developed a more optimized approach to stabilizing markets, and still had room to boost investor confidence. Shanghai Securities News talked of a new stage in the construction of China's capital market stabilization mechanism. With Wednesday's advance, the HSCEI gauge has risen 3.8% over two sessions. The index tumbled almost 14% on Monday to enter a technical bear market as investors braced for the fallout from the spiraling trade conflict. The recent swings in Chinese share prices in Hong Kong have been so extreme that the cost of hedging against further moves is now looking cheap. Implied volatility on the Hang Seng China Enterprises Index is at its lowest level since late October relative to the gauge's realized volatility, according to data compiled by Bloomberg. Investor sentiment remains fragile. Chinese securities brokerages have increased monitoring of their margin financing businesses in response to the volatility, according to local media. 'A lot now hinges on China's response,' said Charu Chanana, chief investment strategist at Saxo Markets. 'A strong retaliation from Chinese authorities could further hurt investor sentiment unless it comes with a massive domestic stimulus — not just policy promises.' —With assistance from Cecile Vannucci. More stories like this are available on ©2025 Bloomberg L.P. Sign in to access your portfolio
Zawya
14-02-2025
- Business
- Zawya
Alcatel-Lucent Enterprise unlocks multi-vendor support on OmniVista Network Advisor
ALE expands intelligence beyond its own devices with OmniVista Network Advisor which now integrates with third-party devices. SINGAPORE - Media OutReach Newswire - 14 February 2025 - Alcatel-Lucent Enterprise, a leading provider of secure networking and communication solutions that enable organizations and industries to accelerate their operational efficiencies and competitiveness, has made major enhancements to the OmniVista® Network Advisor, making network operations and monitoring even simpler and more holistic. The latest evolution in OmniVista Network Advisor capabilities empowers users to monitor a wider range of network devices, offering flexibility and greater customization in managing network health and performance. OmniVista Network Advisor, our intelligent and autonomous network companion, has been providing AI-driven guidance and remediation for Alcatel-Lucent's OmniSwitch® and OmniAccess® Stellar Access Points. This tool is now opening its capabilities to third-party devices, such as firewalls or any network equipment from other vendors, enhancing its ability to detect anomalies and offer tailored solutions across more complex, multi-vendor environments. Seamless Collaboration with Microsoft Teams A major milestone in this update is the integration of Microsoft Teams as a collaboration platform within OmniVista Network Advisor. Until now, ALE has leveraged Rainbow™ CPaaS for real-time alerts and automated remediation. Now, with full Microsoft Teams integration, IT teams can receive dynamic notifications, collaborate instantly, and execute network remediations directly within the Teams environment. By providing real-time, AI-driven insights through both Rainbow CPaaS and Microsoft Teams, OmniVista Network Advisor adapts to customers' preferred collaboration tools, improving responsiveness and control. Customized alerts and remediations for your unique network The new capability allows users to define custom anomalies and create specific remediation actions tailored to their unique network environments. "With the ability to collect and analyze syslogs from compatible third-party devices, OmniVista Network Advisor enables users to configure custom alerts and automate responses based on these insights, helping to maintain an optimal, secure network state." Kenny Ng, APAC Market Development, Network Business Division, Alcatel-Lucent Enterprise Hashtag: #ALE The issuer is solely responsible for the content of this announcement. About Alcatel-Lucent Enterprise Alcatel-Lucent Enterprise provides secure networking and communication solutions which enable organizations and industries to accelerate their operational efficiencies and competitiveness. In the Cloud. On Premises. Hybrid. All solutions have built-in security, limited environmental impact and are fully compliant with data protection requirements of organizations and individuals at a national sovereignty and international industry level. Alcatel-Lucent Enterprise focus on three pillars: Environment Sustainability, Social Responsibility, and Corporate Governance, providing technology solutions for the good of the environment, people, and business. Over 100 years of innovation have made the company a trusted advisor to more than a million customers across the world. With headquarters in France and 3,400 business partners worldwide, Alcatel-Lucent Enterprise achieves an effective global reach with a local focus. | LinkedIn | Facebook | Instagram Alcatel-Lucent Enterprise
