The company could raise about $35 billion from the dual listing in Hong Kong and Shanghai at a valuation of at least $280 billion, people have said.Ant Group’s IPO could surpass Saudi Aramco’s record $29 billion sale last year, marking a win for the Hong Kong stock exchange that lost many of China’s tech stars to U.S. listings.Ant won’t seek cornerstone investors for Hong Kong, but will invite big backers for its Shanghai sale to mitigate price fluctuations, people familiar have said. Top gainers often continue to soar and reach new highs when their fundamentals are strong. Ant Group has received approval from the Hong Kong stock exchange for its highly-anticipated initial public offering (IPO), CNBC has confirmed. )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P. Analyst Report: Edwards Lifesciences Corporation, Discover new investment ideas by accessing unbiased, in-depth investment research, Other OTC - Other OTC Delayed Price. This page was last edited on 21 September 2020, at 02:02. [5][citation needed], The closing price is reported as the median of five price snapshots taken from 3:59 to 4:00 pm every 15 seconds. Click on individual stocks for additional information. It is reported as the fastest growing stock exchange in Asia. moments from our 2020 Biotech Summit, and reflect on the Welcome to Hong Kong Exchanges and Clearing Market Website. 8, Securities and Derivatives Markets Delay Open due to Issuance of Typhoon Signal No. 1:00 PM. Conversely, investors in China can buy or sell a Hong Kong-listed ETF through a feeder fund set up by a Chinese manager in Shenzhen.Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China. The market infrastructure was much improved[how?] Stock analysis for BYD Co Ltd (1211:Hong Kong) including stock price, stock chart, company news, key statistics, fundamentals and company profile. South China Morning Post Publishers Ltd. All rights reserved. Enhancements were also made to the system infrastructure, including the launch of off-floor trading terminals in brokers' offices in January 1996. Latest news and analysis on the Hong Kong Stock Exchange including the impact of the Hong Kong protests and also the actions of tycoons such as Li Ka-shing. The Hong Kong Stock Exchange closes for lunch each day at Ant Group declined to comment when contacted by CNBC. "Access to stocks listed in Hong Kong is possible only through the so-called Connect cross-border investment channels. An extended morning session from 12:00 noon to 1:00 pm, also referred to as the lunch break. The exchange itself has already approved the listing.A representative for Ant declined to comment.Alibaba Group Holding Ltd., which owns a third of Ant after spinning out the finance unit almost a decade ago, climbed 1.1% in Hong Kong Monday to HK$297.20. Contact the Hong Kong Stock Exchange . The opening price of a security is reported shortly after 9:20 am. Keeping the international and regional IPO Community updated. Referred to by its abbreviation HKT. [10], The exchange first introduced a computer-assisted trading system on 2 April 1986. We’re extending the warmest of welcomes through our virtual listings. Ant Group's listing could be one of the biggest of all time. Transtech Optelecom Science Holdings Limited (“TRANSTECH”) - Transfer of Listing from Growth Enterprise Market (“GEM”) to the Main listed company information listed company information ccass shareholding with the introduction by the exchange of the Central Clearing and Settlement System (CCASS) in June 1992 and the Automatic Order Matching and Execution System (AMS) in November 1993. The Hong Kong Stock Exchange (HKEx) has been a major center for equities trading in Asia since the mid-1800s. The official ISO 4217 currency code for Hong Kong Dollar is HKD. The Stock Exchange of Hong Kong Limited was incorporated in 1980 and trading on the exchange finally commenced on 2 April 1986. Initially, the exchange proposed limiting price fluctuations in the auction sessions to 2%; in the end, they removed the closing session entirely in March 2009. The two-hour lunch break between the morning and afternoon sessions was the longest among the world's 20 major stock exchanges. The official currency symbol is "HK$". We provide data on holiday observances, trading hours, and early closures affecting the world's financial markets. regulation. It is perfectly normal for Hong Kong stocks of even well-known companies to trade at prices that correspond to less than HK$4 a share. At that time, a total of 249 companies were listed on the Exchange, total market capitalisation was HK$245 billion, 6 October 1986: Stock Exchange grand opening, October 1987: The Stock Exchange is closed for four days in an attempt to stop losses during Black Monday global equities market crash, May 1988: The Ian Hay Davison Report, commissioned to investigate practices on the exchange in the lead-up to its closure, is released, resulting in significant market reforms - although many took years to finally implement, On 24 June 1992, the Central Clearing and Settlement System (CCASS) is introduced, 25 November 1999, two companies were jointly listed on the newly created. On 23 October 2000, AMS/3 was implemented on the exchange. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Kyle Dennis took a leap of faith and decided to invest his savings of $15K in the stock market — $2.8M later, he owes his success to these strategies. 8, HKEX to Launch Enhanced Pre-Opening Session for its Securities Market, and new ETP Listing-day POS Price Limit, Report on Initial Public Offering Applications, Delisting and Suspensions (As at 30 September 2020), Adjustment of Sinopec Corp Structured Products, Futures and Options, Adjustment of CSPC Pharma Structured Products and Options, Report on Initial Public Offering Applications, Delisting and Suspensions (As at 31 August 2020), Trading in Securities and Derivatives Markets will Resume following Cancellation of Typhoon Signal No.