Hong Kong Stock Market Rallies on New Chinese Regulatory Support
China's securities regulator's new policies aim to restore Hong Kong's status as a leading financial hub, sparking significant gains in the Hang Seng Index.
- The Hang Seng Index jumped about 9% last week, marking its best performance since 2011, following new supportive measures from China's securities regulator.
- China's plan includes encouraging major Chinese companies to list in Hong Kong and expanding the Stock Connect scheme.
- Recent policy changes are expected to enhance liquidity, widen the investor base, and boost the financial market's competitiveness.
- Investors show renewed optimism as corporate earnings reports exceed expectations, contributing to the market's upward trajectory.
- Despite high interest rates posing challenges, the market's cheap valuations relative to global peers attract increased investment.
The Japan Times 
South China Morning Post 
