Asia-Pacific Markets Poised to Inch Up After Wall Street Gains Overnight
Shares in the Asia-Pacific were set to inch higher on Wednesday following a second day of gains in major U.S. indexes.
Stay updated with breaking news from Kong Exchanges. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Shares in the Asia-Pacific were set to inch higher on Wednesday following a second day of gains in major U.S. indexes.
Stock exchanges are at the heart of capitalism. By being listed on stock exchanges, companies can raise capital to grow.
John Lee Ka-chiu, chief executive of the Hong Kong Special Administrative Region (HKSAR), pledged to comprehensively enhance the competitiveness of Hong Kong's financial services, its core industry, exploring more yuan-denominated investment tools, deeper market integration with the Chinese mainland, and easier listing rules for tech companies, in his maiden policy address on Wednesday.
Under the draft rules, the revenue requirement for tech firms would be halved to HK$250m.
All the companies in EWH has reported mid-year financials and most are quite good. Click here to read my latest analysis of the iShares MSCI Hong Kong ETF.