Last week, the Hong Kong market fell sharply. The subprime crisis led a US recession. Weakness in the American markets dragged down the Hong Kong market.
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Yesterday, the Hong Kong market crashed sharply for the second consecutive day. Five American and European central banks pumped liquidity into the market to ease the liquidity crisis. Investors were not convinced that the credit crisis was over.
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Commenting for today's stock market direction in Hong Kong Fulbright Securities says "We expect the market to fall this week. 28000 is the support level."
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Hong Kong's stock market has been soaring since Beijing announced two weeks ago that mainland Chinese retail investors will be able to buy shares in the territory. But not everyone thinks the euphoria is justified.
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China Eastern Airlines Corporation Limited (the "Company") (NYSE: CEA; SEHK "0670"; SSE "600115"), announces that, following a request made by the Company to the Stock Exchange of Hong Kong Limited, trading in its H shares has been suspended with effect from 9:47 a.m. on May 22, 2007 pending the release of an announcement of the Company, the nature of which is price-sensitive.
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Hong Kong Exchanges and Clearing Limited (HKEx) will introduce China CITIC Bank, China Coal and Jiangxi Coal options on Friday, 3 September this year.
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Hong Kong Exchanges and Clearing Limited (HKEx) and market participants have prepared thoroughly for the new electronic disclosure requirements* that will take effect on Monday, 25 June this year.
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The Stock Exchange of Hong Kong Limited (the "Exchange") criticises the following parties for breaching the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Exchange Listing Rules"):
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The GEM Listing Committee of the Stock Exchange of Hong Kong Limited (the "GEM Listing Committee") publicly censures the Company for a breach of Rules 19.34, 19.48 and 19.49 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited (the "GEM Listing Rules").
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The Stock Exchange of Hong Kong Limited (the Exchange) announces that effective from the date of this announcement (May 15th), the Company will be put into the third stage of the Delisting Procedures.
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The Listing Committee of The Stock Exchange of Hong Kong Limited censures the following parties for breaching the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Exchange Listing Rules").
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