Hong Kong details purchases: data shows government bought 7.3% of Hang Seng Index shares
Article Abstract:
An accounting of the Hong Kong central government of its acquisitions in the stock market showed that the government has purchased about 7.3% of all shares in companies in the benchmark Hang Seng Index. The amount invested by the government amounted to HK$118.1 bil, and has since appreciated to HK 146 bil. The investment gave the government an 8.8% stake in HSBC Holdings, an 8.2% stake in Hong Kong Telecommunications Ltd. and an 8.5% stake in Shanghai Industrial Holdings Ltd. Fund managers are wary of the government's holdings since a wholesale release of the government's holdings into the market is likely to trigger capital flight.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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Bulls run with two crowds on Hang Seng Index's surge
Article Abstract:
Hong Kong stock exchange's Hang Seng Index is likely to rise to over 17,000 during 1997, partly due to the cyclical interest market and partly because of optimism generated by China's takeover of the territories. According to analysts, liquidity flowing from mainland China into Hong Kong's red chip shares is raising volatility in the Hong Kong stock market. Some analysts expect the Hang Seng Index to reach 17,500 by the end of 1997, and 28,000 by 1999.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Nikkei may still test 20,000 mark; Hang Seng to hold tight range
Article Abstract:
Japan's Nikkei Index reflects investor confidence in the country's securities while Hong Kong's Hang Seng Index showed that investors preferred to wait for better times before deciding on either investing or disposing their stocks. In other areas, Taiwan's share prices are surging while those of Korea have remained stagnant. Other countries experiencing stock rallies are Singapore, Thailand and the Philippines.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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