Hong Kong stocks held steady over the trading week of Sept 15-19, supported by monetary easing, a wave of new listings and fresh policy commitments, even as broader risks kept investors cautious.<\/p>\n
The Hong Kong Monetary Authority trimmed its base rate by 25 basis points to 4.5% on Sept 17, following the US Federal Reserve\u2019s move. Local banks mirrored the cut with lower Hong Kong dollar lending rates, boosting sentiment in interest-sensitive sectors.<\/p>\n
Investor attention also centred on Zijin Gold International\u2019s planned US$3.21 billion IPO, set to be the city\u2019s largest this year. The deal underscored a revival of Hong Kong\u2019s IPO pipeline, particularly in commodities and precious metals.<\/p>\n
Adding to the upbeat tone, Chief Executive John Lee pledged greater support for fintech, green finance and cross-border trade in his policy address. Separately, Hong Kong Exchanges and Clearing announced a tie-up with Abu Dhabi\u2019s ADX to develop joint financial products and cross-listings.<\/p>\n
Despite headwinds from China\u2019s uneven recovery and global trade tensions, analysts said the combination of rate relief, strong listing activity and pro-growth policies has given investors reason for cautious optimism heading into the final quarter of the year.<\/p>\n
\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"Hong Kong stocks held steady over the trading week of Sept 15-19, supported by monetary easing, a wave…\n","protected":false},"author":2,"featured_media":158619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[45,49,48,100],"class_list":["post-158618","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-ca","tag-canada","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/158618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=158618"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/158618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/158619"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=158618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=158618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=158618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}