|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||58.83 - 59.52|
|52-week range||53.76 - 74.21|
|Beta (5Y monthly)||0.89|
|PE ratio (TTM)||45.67|
|Forward dividend & yield||1.18 (1.99%)|
|Ex-dividend date||23 Aug 2021|
|1y target est||N/A|
Blank-cheque companies known as SPACs can list in Hong Kong from Jan. 1, the stock exchange operator said on Friday, the latest global bourse to tap demand for the investment vehicles although interest in them has waned from earlier this year. Market participants said Hong Kong hoped to attract investors from mainland-China to list SPACs, or special purpose acquisition companies that raise cash to buy private firms and take them public without a traditional initial public offering (IPO). The move to open up to SPACs follows scrutiny from both Chinese and U.S. regulators that caused a sharp slowdown in Chinese listings in the United States.
Hong Kong’s government said it will stick to its “zero infection” strategy on Covid-19, rebuffing a plea from global banks for the city to ease its strict quarantine policy.
Hong Kong's new futures product based on an index of onshore Chinese shares, which began trading Monday, had the highest first-day trading value of any new futures launched on the Stock Exchange of Hong Kong, according to the bourse. The data underscore the demand from investors in China for hedging tools during the current market volatility and also mark the start of a new front in the battle for derivatives dominance between exchange operator Hong Kong Exchanges and Clearing and Singapore Exchange, whose rival China derivatives product currently dominates the market. HKEX's MSCI China A 50 Connect Index Futures, which track a new index of 50 A-shares - Chinese stocks traded onshore, saw 1,395 contracts traded on Monday with a notional value of $93.5 million, according to a company spokesperson.