Many of Hong Kong's small brokers may have difficulty enabling their customers to trade remotely in the event of a severe storm, though most of them are willing to upgrade in preparation for the new policy allowing the stock market to remain open during typhoons, according to industry players. "There are still scores of the smallest stockbrokers which do not have remote trading facilities," said Tom Chan Pak-lam, permanent honorary president of the Institute of Securities Dealers. "They will nee
The momentum of Hong Kong's initial public offerings (IPO) has picked up since April, auguring well for the exchange as it claws its way back in the rankings of the world's top spots for fundraising. "We are vetting about 110 listing applications, many of them coming in the second quarter," Bonnie Chan Yi-ting said in an interview with the Post, a week after her 100th day as chief executive officer of Hong Kong Exchanges and Clearing (HKEX), the world's fourth-largest capital market. "The pipeli
Hong Kong's stock exchange plans to take the hatchet to directorships to whittle down the concentration of board seats among the city's corporate elites to improve governance, a challenge that its chief executive called a "perpetual work in progress." Hong Kong Exchanges and Clearing Limited (HKEX) is seeking public feedback on its plan to limit independent directorships to a maximum of six per person, each tenure capped at nine years, according to a statement. The consultation is open until Aug