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Hong Kong stock exchange to reduce minimum price changes to boost liquidity
  • December 16, 2024

Hong Kong stock exchange to reduce minimum price changes to boost liquidity

Bourse operator Hong Kong Exchanges and Clearing (HKEX) is set to reduce the minimum swing for stock prices by up to 60 per cent, in a move to bolster liquidity and transactions in Asia's third-largest capital market. The reduction of the minimum price change, which determines the tightest bid-ask spread allowed, will encourage smaller trades. It will apply to equities, real estate investment trusts and other applicable securities - excluding debt securities, exchange-traded options and products

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Chinese start-up Zhipu AI raises US$412 million in new funding amid crowded market
  • December 16, 2024

Chinese start-up Zhipu AI raises US$412 million in new funding amid crowded market

China's artificial intelligence (AI) start-up Zhipu AI said on Tuesday that it has raised 3 billion yuan (US$412 million) in a new funding round, beefing up the firm's war chest as it braces for stiffer competition in the market. The new financing adds to a funding spree that has seen Zhipu secure four investment rounds so far this year from a long list of marquee backers, from state-backed investment vehicles to Big Tech firms such as Alibaba Group Holding and Tencent Holdings, as well as promi

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Over 90% of market players expect BOJ to keep rates steady this week, survey shows
  • December 16, 2024

Over 90% of market players expect BOJ to keep rates steady this week, survey shows

Over 90% of market participants expect the Bank of Japan to keep interest rates steady at this week's policy meeting, a survey by money market brokerage Ueda Yagi Tanshi showed on Tuesday. The survey was conducted on Dec. 12-16 targeting 150 banks, securities firms, insurers and other financial institutions, ahead of the central bank's two-day meeting ending on Thursday. Of the total, 91% said they expect the central bank to keep short-term interest rates unchanged at 0.25% this week.

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