|Bid||215.200 x 0|
|Ask||215.400 x 0|
|Day's Range||215.000 - 218.200|
|52 Week Range||177.600 - 233.200|
|PE Ratio (TTM)||45.25|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||220.57|
Hong Kong Exchanges & Clearing Ltd (HKEX) is still in talks with oil giant Saudi Aramco, with the bourse's planned IPO investment link with China key to clinching the potential listing, Chief Executive Charles Li told Reuters on Tuesday. In February, Li said the stock exchange would bank on its role as a gateway to mainland China's deep-pocketed investors to win the coveted listing of state oil firm Saudi Arabian Oil Co [IPO-ARMO.SE].
Trading fees at the London Metal Exchange (LME) will likely be cut to bolster liquidity at the world's oldest and largest market for industrial metals, said the chief executive of its owner, Hong Kong Exchanges & Clearing (HKEX) . A 31 percent average fee hike in January 2015 is cited by metal industry officials as a major reason behind tumbling LME volumes, and the exchange is expected to announce fee cuts when it releases an industry reform plan later this week.
Hong Kong needs to find new ways to attract so-called new-economy companies to stay competitive, Charles Li, chief executive of bourse operator Hong Kong Exchanges & Clearing Ltd (HKEX) , told Reuters on Tuesday. In June, HKEX started a consultation on the launch of a third board that could allow companies to list with dual-class share structures and would target companies in sectors such as the internet and bio-tech. "The key is the market will understand that the bulk of the listing rule regulation is still going to be at the exchange (HKEX) but the SFC will take a proactive role whenever they see fit," he said, referring to the Securities & Futures Commission of Hong Kong.