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Hong Kong stocks inch up as financial, energy shares firm ahead of China's reopening


China Enterprises index HSCE gains 0.17%
HSI financial sub-index climbs 0.7%; property sector rises 0.8%
HONG KONG, May 5 (Reuters) - Hong Kong shares inched up on Wednesday as the energy sector rose on higher oil prices due to a steep drop in U.S. crude stocks, while bargain hunting boosted financial firms ahead of the reopening of China markets.
By the midday break, the Hang Seng Index was up 2.66 points, or 0.01%, at 28,559.80, on course to gain for a second session. The Hang Seng China Enterprises index rose 0.17% to 10,784.15.
The sub-index of the Hang Seng tracking energy shares rose 1.6%, while the IT sector dipped 1.32%, the financial sector climbed 0.73% and the property sector gained 0.81%. ....

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State Street Urged to Clarify Ban Impact on H.K. Fund


State Street Urged to Clarify Ban Impact on H.K. Fund
Bloomberg
2/25/2021
Bei Hu and Lulu Yilun Chen
© Bloomberg
The corporate flag for Hong Kong Exchanges & Clearing Ltd. (HKEX), right, and the Chinese flag, left, fly outside the Exchange Square complex in Hong Kong, China, on Monday, Sept. 16, 2019. The Hong Kong bourse s unsolicited takeover bid for the London Stock Exchange Group Plc was greeted with a scathing rejection and the exchange suffered a further humiliation when China praised the rebuff as well.
(Bloomberg) The Hong Kong Monetary Authority is asking State Street Corp.’s Asia unit to clarify how it plans to address the effect of U.S. sanctions on its $13.5 billion exchange traded fund. ....

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Exclusive: Hong Kong police obtain financial records of arrested democracy activists


8 Min Read
HONG KONG (Reuters) - Hong Kong authorities are scrutinizing the financial records of pro-democracy activists as they crack down on political opposition, according to some activists and a senior bank executive.
FILE PHOTO: Activists Eddie Chu, Joshua Wong, Owen Chow and Lester Shum pose with signs in support of the 12 Hong Kong activists held in mainland China after attempting to flee the city for Taiwan, in Hong Kong, China October 20, 2020. REUTERS/Lam Yik/File Photo
Six pro-democracy activists told Reuters that Hong Kong police obtained some of their bank records without their consent and questioned them about certain transactions after they were arrested earlier this month on suspicion of subversion under the territory’s national security law. ....

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