Answers
If I wanted to buy a stock that was only offered on the Hong Kong stock exchange what investment brokerage firm would I have to open an account with.
For instance, Scottrade does not trade stocks on the Hong Kong exchange. They only do trading on the US and Canadian (I think) stock exchanges.
I am assuming that you are a retail (i.e. not institutional) customer in Hong Kong. If correct, Citibank trades HK and US stocks.
Hong Kong Stock Exchange Oct 2007
Can McDonalds shares be purchased on the HongKong exchange? With all the expansion in China MCD is a good stable stock, in my opinion. Does their growth in China affect the NYSE price? Or if it on the Hong Kong exchange would their growth in China only affect the Hong Kong exchange price?
I am a Malaysian who interested in Hong Kong shares lately. Having limited knowlegde about the HK market, I would like to enquire some recommendations on HK blue chips... Hope to see your answer!
China Mobil has been a good one for me. Whether it will continue to be so I do not know, but it is one of the few stocks that I do have a decent long term profit in. It is the largest cell phone company in the world in the country with the largest populations in the world. 2+2=4. I believe its dividend is 3.5%
If you are in US, see if the stocks are being traded under ADR.
If you don't know what is ADR, google it.
I'm really interested in investing in the Wynn Macau, which is going to be listed around the 9th of october on the Hong Kong Stock exchange.. is there any way I can do that?
If you don't know about this, here's the article i just read...
http://biz.thestar.com.my/news/story.asp ?file=/2009/9/25/business/4776752&se c=business
To trade on a foreign exchange directly (instead of ADRs), normally you need to open a trading account with a brokerage house in the country where the exchange is located. There may be citizenship / foreign investment / tax requirements and limitations on various foreign (stock) exchanges. But E-Trade and HSBC have HK trade desks. Contact them.
The Wynn Macau seems to be issuing its IPO, incorporated seperately as a (wholly / partially owned) susbidy of Wynn Resorts USA. If so, all you need to own is Wynn stock on the American exchanges while Hang Seng traders would be trading the Wynn Macau. The profits from Macau would be yours through your stock ownership of Wynn Resorts.
No big deal for Hong Kong
The couplers, as iCapital would term this group of sheep-like, conventional people, point to the plunge in exports of the Asian export junkies as solid evidence of a coupled world.
Yes, exports in most countries have plunged since September 2008 (note, not since 2005 or 2006 when the US subprime or housing problem started).
In this sense, Hong Kong is no exception. This time round, the plunge in Hong Kong’s exports has been far steeper than during the Asian crisis.
Hence, the couplers are convinced that the Asian export junkies will be stuck in a quagmire unless and until US consumers start consuming again.
Unfortunately, as conventional thinkers, they cannot and do not see the other aspects or the other dimensions of the world economy.
Figure 1 shows Hong Kong’s quarterly gross domestic product (GDP) performance since 1996. The current recession in Hong Kong, which many people think is the worst in decades, is actually far less severe than the recession created by the Asian crisis.
Hong Kong Stock Highlights: Las Vegas Sands Corp. to post third ...
Encouraging signs from Macau in the third lodgings led some analysts to coin it in sift out their expectations for Sands as it pursues an original general oblation on Hong Kong's stock exchange. The shares in the players's Macau offerings are . July 31st , 2009 Las Vegas Sands, Disney, UBS, Ford are big moversNEW YORK — Stocks that were operating in large measure or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Store. Las Vegas Sands Corp., down $1.80 at $9.35
News
Sinopec Q3 profit $2.4 billionMarketWatch - Oct 29, 2009
Sify more than double the 7.38 billion yuan, or 0.085 a share, a year earlier, the company said in a filing to the Hong Kong Stock Exchange. Sinopec Profit More Than Doubles on Higher China Fuel Pricespetrochina shares fall on weak Q3 resultspetrochina posts 23.5 pct profit drop, lags f'castsall 112 news articles »
Malaysia Star - Oct 29, 2009
Sify icapital advised that for the Hong Kong stock market nowadays, a stabilised Shanghai market can be more important than a stable New York Stock Exchange. Asian markets slideHK dollar moves in tight range, mkt eyes fund flowsAsian markets hit by Wall Street loss - -all 360 news articles »
MarketWatch - Oct 29, 2009
Reuters South AfricaThe company said in a filing to the Hong Kong Stock Exchange Thursday revenue during the quarter totaled 23.8 billion yuan ($3.5 billion). Cnooc Third-Quarter Sales Fall on Oil Price, Typhoonall 42 news articles »
Forbes - Oct 28, 2009
AFPChina's Consumer Stock GemsThe $221 million AIM China Fund, which Ho runs from Hong Kong, has returned 74% so far this year, beating the MSCI AC Far East ex Japan Index by 9.5 UPDATE 1-China Resources says to buy hypermarket chain, breweryWynn Macau Falls Most Since IPO as Parent's Net DropsHang Seng Index down 2.28% on Thu -all 152 news articles »
Reuters - Oct 29, 2009
Las Vegas Sands is seeking to list its Macao business on the Hong Kong Stock Exchange, aiming to boost the value of its overall business. and more »