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Hong Kong Exchanges and Clearing Ltd (0388.HK)

0388.HK on Hong Kong Stock

192.70HKD
9 Dec 2016
Change (% chg)

HK$-2.30 (-1.18%)
Prev Close
HK$195.00
Open
HK$195.10
Day's High
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HK$191.10
Volume
5,408,874
Avg. Vol
5,200,575
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HK$213.20
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HK$160.10

Latest Key Developments (Source: Significant Developments)

Hong Kong Exchanges and Clearing 9-mth profit attributable HK$4.53 bln
Wednesday, 2 Nov 2016 06:06am EDT 

Hong Kong Exchanges and Clearing Ltd <0388.HK> : 9-mnth revenue and other income HK$8.478 billion versus HK$10.60 billion . 9-mnth profit attributable HK$4.53 billion versus HK$6.43 billion . YTD Q3 average daily volume of metals contracts traded on LME down 10 percent .LME clear proposes to enhance methodology to reduce initial margin requirements, particularly for aluminium & copper.  Full Article

Hong Kong Exchanges and Clearing Ltd comments on Shenzen-Hong Kong stock connect<0388.HK>
Tuesday, 16 Aug 2016 08:32am EDT 

Hong Kong Exchanges and Clearing Ltd <0388.HK>: Shenzhen-Hong Kong stock connect and Shanghai-Hong Kong stock connect <0388.HK> . Believe Shenzhen-Hong Kong stock connect will further strengthen the interconnectivity between the mainland China and Hong Kong Capital markets . There is no reason for HKEX to believe that Shenzhen-Hong Kong stock connect will not be implemented . Expects it should take about four months to complete technical and operational preparations for launch of Shenzhen-Hong Kong stock connect .  Full Article

HKEX posts 27 pct drop in half-year net profit<0388.HK>
Wednesday, 10 Aug 2016 12:20am EDT 

Hong Kong Exchanges and Clearing Ltd <0388.HK>: HY net profit HK$2.985 billion versus HK$ 4.10 billion year . HY average daily trading of equity products on the stock exchange HK$48.3 billion versus HK$96.9 billion last year . HY revenue and other income HK$5.63 billion versus HK$6.85 billion . Interim dividend per share HK$2.21 . HY average daily number of metals contracts traded on LME 635,111 lots versus 695,588 lots last year . HY average daily number of derivatives contracts traded on futures exchange 488,566 versus 365,449 last year . On UK vote to exit the EU (Brexit), despite expected volatility on 24 June 2016, there was no disruption of the LME market . Says Brexit has no immediate implications for the LME's business . With regards to EU markets in financial instruments directives II, LME intends to be fully compliant by the January 2018 deadline . In preparation for anticipated Shenzhen-Hong Kong stock connect, HKSCC completed development and testing of the required systems . In preparation for anticipated Shenzhen-Hong Kong stock connect, HKSCC technically ready to support the rollout, subject to regulatory approval . LME will continue to monitor changes to regulatory infrastructure in the UK and potential longer term market impact . Will remain cautious and is committed to robust and prudent risk management for the maintenance of orderly markets in Hong Kong and London.  Full Article

Stock Exchange Of Hong Kong says China Forestry will have final six months to provide a viable resumption proposal<0388.HK><0930.HK>
Wednesday, 3 Aug 2016 04:33am EDT 

Stock Exchange Of Hong Kong: China Forestry will have final six months to provide a viable resumption proposal to demonstrate sufficient operations or assets .China Forestry will have final six months to have winding up order against company withdrawn or dismissed and the joint official liquidators discharged.  Full Article

Hong Kong Exchanges and Clearing appoints Lee Kwok Keung, Roger as chief executive<0388.HK>
Wednesday, 15 Jun 2016 04:41am EDT 

Hong Kong Exchanges and Clearing Ltd <0388.HK>: Change in the holding of an executive office .Lee Kwok Keung, Roger, Hkex's head of markets, is appointed to replace Romnesh Lamba as the chief executive.  Full Article

Hong Kong Exchanges and Clearing qtrly profit attributable HK$1.43 billion<0388.HK>
Wednesday, 11 May 2016 12:14am EDT 

Hong Kong Exchanges and Clearing Ltd <0388.HK>: Quarterly results for the three months ended 31 March 2016 . Qtrly profit attributable to shareholders HK$1.43 billion versus HK$1.58 billion . Qtrly operating expenses HK$854 million versus HK$718 million . Qtrly revenue and other income HK$2.75 billion, down 2 percent .  Full Article

Hong Kong Exchanges and Clearing Ltd recommends final dividend
Monday, 23 Mar 2015 04:16am EDT 

Hong Kong Exchanges and Clearing Ltd:Recommends the payment of a final dividend of $2.15 per share (2013: $1.72 per share) to whose names appear on the ROM on May 7.  Full Article

Hong Kong Exchanges and Clearing Ltd recommends final dividend
Wednesday, 4 Mar 2015 11:17pm EST 

Hong Kong Exchanges and Clearing Ltd:Recommends payment of final dividend of $2.15 per share (2013: $1.72 per share) to shareholders whose names appear on ROM on May 7, and retention of remaining profit for the year.Proposed final dividend together with interim dividend payment amounts to total of about $4.6 billion (2013: $4.1 billion).Proposes to offer scrip dividend alternative to allow shareholders to elect to receive final dividend wholly or partly in form of new fully paid shares instead of in cash.Definitive share certificates in respect of scrip dividend and dividend warrants are expected to be despatched to Shareholders on June 5.  Full Article

Judge throws out U.S. aluminum price-fixing claims against defendants including Hong Kong Exchanges and Clearing Ltd - Reuters
Wednesday, 4 Mar 2015 01:03pm EST 

Hong Kong Exchanges and Clearing Ltd:A U.S. judge has dismissed antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply - Reuters.U.S. District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs, JPMorgan Chase, Glencore Plc, and Hong Kong Exchanges and Clearing Ltd, which owns the London Metal Exchange.The decisions are a setback for aluminum purchasers who raised price-fixing claims, in the litigation affecting the base metals market in two decades.These plaintiffs had accused Wall Street banks and commodity merchants of having colluded since May 2009 to hoard aluminum in warehouses.They said this led to higher storage costs, delays of up to 16 months to fill orders, and increases in prices of industrial products from soft drink cans to airplanes.U.S. and European regulators have also examined alleged metals price fixing.Forrest said the plaintiffs did not show that the Goldman and JPMorgan parent companies had any role in the alleged anticompetitive conduct.  Full Article