Goldman, JPMorgan to Delist Some Products in Hong Kong
SYNDICATED 3 months ago (Bloomberg) The fallout from U.S. sanctions on Chinese military-linked companies widened as banks and money managers raced to comply with an executive order that bans new investments from Monday.Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. will delist 500 structured products in Hong Kong, including warrants and callable bull/bear contracts on Hong Kong’s benchmark Hang Seng Index, the Hang Seng China Enterprises Index and China Mobile Ltd., according to filings to Hong Kong Exchanges and Clearing Ltd. The city is the world’s largest structured product market with more than 12,000 listed products, HKEX figures show.Separately, the $14 billion Tracker Fund of Hong Kong said it would refrain from making new investments in companies covered by the ban, adding that the fund is no longer “appropriate” for U.S. investors. Managed by State Street Global Advisors Asia Ltd., the tr
SET Rolls Out 3-Year Strategic Plan, Gearing Towards The âNext Normalâ With More Innovations For Positive Impacts On Society And Environment Date
08/01/2021
The Stock Exchange of Thailand (SET) announces the 3-year strategic plan (2021-2023) under a theme of the “Redefine Thai Capital Market Resiliency,” aiming at integrating innovation and maximizing efficiency to all participants in the Thai capital market. The plan comprises 8 key strategies under the sustainability framework, covering 4 areas: 1)
Market growth through supply-side opportunity boost and rapid investor expansion; 2)
Infrastructure expansion through building engagement and venturing new frontiers; 3)
Environmental and social development through ESG cultivation and social empowerment; and 4)
HKEX Monthly Market Highlights
- Securities Market
Market capitalisation was $47.5 trillion at the end of December 2020, an increase of 24 per cent from $38.2 trillion at the end of December 2019.
On 31 December 2020, Market capitalisation reached a record high of $47.5 trillion.
The Hang Seng Index ended 2020 at 27,231.13, representing a year-on-year decrease of 3 per cent.
The average daily turnover in December 2020 was $140.8 billion, an increase of 86 per cent from $75.8 billion in December 2019.
The average daily turnover in 2020 was $129.5 billion, an increase of 49 per cent when compared with $87.2 billion in 2019.
The average daily turnover of CBBCs in 2020 was $9.4 billion, an increase of 16 per cent when compared with $8.1 billion in 2019.
Hong Kong stock market finished volatile session higher on Wednesday, 06 January 2021, amid confusion surrounding the New York Stock Exchange s plan to delist three Chinese telecoms giants, while index compiler S&P Dow Jones Indices decided to retain them in its global benchmarks.
At closing bell, the benchmark Hang Seng Index advanced 0.15%, or 42.44 points, to 27,692.30. The Hang Seng China Enterprises Index added 1.17%, or 125.68 points, to 10,899.83.
As per reports, the New York Stock Exchange is committed to delisting three Chinese telecommunications companies if their subsidiaries - China Mobile, China Unicom and China Telecom - are found to be affected by a US blacklist. A day earlier, the exchange said it was scrapping its December 31 plan to remove their American depositary shares. S&P Dow Jones Indices on Wednesday said that it would not remove the trio from its global benchmarks. China Unicom gained 3.5% to HK$5.02, recovering from a fall of as much as 3.1%. China Mobile
Xiaomi Technology s TikTok #ChargingHappiness Campaign Spreads Holiday Cheer in NYC
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NEW YORK, Dec. 28, 2020 /PRNewswire/ Global technology company
Xiaomi s #ChargingHappiness campaign brought smiles to the faces of New Yorkers in Grand Central Terminal on Dec. 28 with an on-site installation highlighting the brand s
As part of the overall campaign, Xiaomi created a film featuring Santa Claus requesting creators to use the Redmi Power Bank in hilarious different ways on TikTok. Designed to extend the holiday season to those passing through Grand Central, the TikTok videos are on display today in a special holiday installation.
NEW YORK, NEW YORK - DECEMBER 28: People react to videos inside the Xiaomi s #ChargingHappiness Installation at Grand Central Station on December 28, 2020 in New York City. (Photo by Michael Loccisano/Getty Images for Xiaomi Corporation)