1. Friday May 25, 2018
      Home > BUSINESS
      Text:| Print|

      China adds incentives to boost HK markets

      2012-03-01 11:09 Xinhua     Web Editor: Zhang Chan comment

      The potential "huge amount" in H-share companies' share placement is the future driver to sustain the robust growth of Hong Kong's stock market, Charles Li, chief executive of Hong Kong Exchanges and Clearing Limited (HKEx) said Wednesday.

      Li told an HKEx's press conference that Hong Kong currently has about 20 trillion HK dollars (about 2.58 trillion U.S. dollars) market capitalization for all the companies listed in the city, thanks to the IPO boom in the last 15 years.

      However, another 11 trillion HK dollars worth of wealth in the H-share companies' state-owned shares, which are now unlisted in Hong Kong, are eyed as the future driver to the market's structural growth, he said, noting that a small portion of those shares are listed in the A-share market, with the trunk of them still in major shareholders' pockets.

      He said that in the coming decade, when China begins to transform its economy from investing and exporting to consuming and providing social safety net, the government will tap into that "huge massive" 11 trillion HK dollars worth of wealth.

      "When the government becomes more and more like a fund manager over the next 10 year, this (the unlisted shares) will become monetized," he said, citing the share placement as one way to play the role.

      The potential add-ons will not only help the financial institutions strengthen their capital adequacy, but also boost the non-financial institutions' funding growth and overseas expansion, Li said.

      In addition, the unlocking of the wealth will help "substantially" fuel HKEx's velocity, he said, citing statistics from the World Federation of Exchanges (WFE) dated Jan. 31, 2012.

      The WFE data showed the velocity of NASDAQ Stock Market in 2011 was 291 percent, compared with the 125 percent in New York Stock Exchange, 218 percent in Shanghai Stock Exchange and 218 percent in Shenzhen Stock Exchange. By comparison, HKEx was 55 percent.

      To accommodate the potential increasing velocity, HKEx expects to more than double its capital expenditure in 2012 to about 1.6 billion HK dollars from 7.32 billion HK dollars in 2011, mainly to establish a new data system and related hosting services.

      According to HKEx's 2011 annual results released on Wednesday, the company's net profit rose 1 percent to 5.09 billion HK dollars from that of 2010, with a 4 percent rise in revenue to 7.86 billion HK dollars. The Earnings Per Share was up 1 percent to 4.73 HK dollars.

      HKEx offers 2.09 HK dollars final dividend, bringing the whole year dividend to 4.25 HK dollars, up 1 percent from that of 2010.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲综合国产成人丁香五月激情| 亚洲精品人成在线观看| 精品亚洲综合在线第一区| 一级毛片大全免费播放下载| 国产精品公开免费视频| 亚洲成aⅴ人片久青草影院按摩| 国产成人亚洲精品无码AV大片| 噜噜综合亚洲AV中文无码| 在线观看免费为成年视频| 亚洲国产精品嫩草影院| 国产jizzjizz视频免费看| 美女视频黄频a免费观看| 免费欧洲毛片A级视频无风险| 亚洲精品在线观看视频| a级日本高清免费看| 亚洲国产一区在线| 69精品免费视频| 国产精品亚洲精品| 成人免费视频国产| 在线免费观看伊人三级电影| 亚洲AV福利天堂一区二区三| 国产成人精品免费视频大全麻豆| 亚洲中文字幕成人在线| 久久精品国产这里是免费| 亚洲视频欧洲视频| 国产99视频精品免费视频7| selaoban在线视频免费精品| 亚洲国产精品SSS在线观看AV | 亚洲αv在线精品糸列| 外国成人网在线观看免费视频| 在线免费观看国产视频| 美女视频黄频a免费| 亚洲成A人片在线观看无码不卡| 理论片在线观看免费| 国产亚洲精品a在线观看| 95免费观看体验区视频| 亚洲乱妇老熟女爽到高潮的片| 免费成人激情视频| 国产成人亚洲精品无码AV大片| 欧洲精品成人免费视频在线观看| 亚洲AV无码一区二区三区系列|