Hkex much higher transaction cost and min is 100 shares . NYSE low transaction cost and some could be foc too. Min purchase is 1 share .

If US and China fight again, there is a risk that NYSE Baba can be delisted. Then u might have to liquidate at low price.

I don't think it's likely, but still a possibility.

Another bull today? hoho

look at the techs. crazy china buyer

Nice

My Bursa 0829EA is up 30% (incl dividends) from early Oct last year.

Good to hear. Is the liquidity for the ETF ok? I read somewhere years back that ETFs in HK and Malaysia markets are not liquid. Not sure how are things now.

For 0829EA, as at 2.35pm

Best Ask 100k shares at RM9.45

Best Bid: 100k shares at RM9.44

So I can safely sell or buy close to RM1m in one transaction.

Not bad.. But once HK close at 4pm, liquidity will drop.

Tencent up 10%. One of its options is up 118,300% at its highest lol

https://www.bloomberg.com/news/articles/202...-shares-options

Crazy stuff.. If u think how big Tencent is and the price movement..

This post has been edited by Cubalagi: Jan 25 2021, 10:36 PM

NYSE one is ADR. Fees and potentially double-taxed?

I think BABA is directly listed on NYSE . Tencent is ADR .

Nope, Baba is ADR.

https://www.marketwatch.com/investing/stock/baba

Tencent is also ADR.

Learn something new .

My info on adr has always been this https://www.investopedia.com/terms/a/adr.asp

This post has been edited by a16791: Jan 27 2021, 07:26 PM

Try to avoid ADR. Your money is in the hands of crazy US presidents and the ADR is NOT FREE OF CHARGE. Every year you have to pay the company who provided the ADR. If there is dividend they cut money off your dividend.

If you bought the ADR of companies like China Mobile or China Unicom you cannot BUY or SELL your ADRs anymore, Mr. Trump said Nono, GAME OVER! Can easily happen to Alibaba also!

Best choice is always Hong Kong stock exchange. BUT the problem is to find a good broker for HKSE. Some years before there was nothing useful in Malaysia, now maybe things have changed.

If you have a european broker you can easily and cheap trade the original Hong Kong shares of big stocks like Alibaba, Tencent and so on in Europe. That is probably what most people do including myself. If someone knows a suitable broker for HKSE in Malaysia, please share!

By the way, I am sure that HKSE is the most relevant stock exchange in the next 20 years.

This post has been edited by David_Yang: Jan 28 2021, 04:27 PM

https://www.mpfinance.com/fin/instantf2.php...&issue=20210217

Interesting article on the scene behind Ant's doomed IPO.

https://www.mpfinance.com/fin/instantf2.php...&issue=20210223

There have been many opinions why the Ant IPO was stopped.

I have mine too - I think Ant intends to do lending outside of the banking system. Ant wants to borrow from the banking system and THEN subsequently, lends out to borrowers outside.

Hence, the PBOC stopped the IPO. If you look closely,... the Chinese regulators are asking Ant to go back to being a payment gateway only today. They're not allowed to do lending.

Jmho.....

Aware of that too. The thing ism payment gateway isn't profitable, despite handling trillions of yuan. The only reason Ant keeps this service is because with the payment data harvested from customers, they can promote them more profitable businesses like those in wealth management.

Same business model with Grab, start with low margin ride-hailing, then move on with wealth products.

https://www.bloomberg.com/opinion/articles/...-covid-recovery

This post has been edited by TOS: Feb 25 2021, 10:21 AM

Bros,....

Hong Kong is set to hit the attractiveness of the city’s local bourse and hub status with a stamp duty increase on stock trading – the first such hike since 1993.

The Hong Kong government will look to boost the trading tax from 0.10 percent to 0.13 percent, according to the latest budget plan released this week, effective August 1.

Local media say this could is expected to generate an additional 12 billion Hong Kong dollars of tax revenue, citing unnamed sources, as the government sees to boost spending to mitigate the effects of the pandemic.

In the latest fiscal year, the stamp duty contributed 33.2 billion Hong Kong dollars in revenue.

HKEX Not Consulted

Interestingly, Hong Kong Exchanges and Clearing (HKEX) interim chief executive Calvin Tai noted in its recent earnings call that the government had made the tax hike decision without consulting the bourse operator.

«Whilst we are disappointed about the government’s decision to raise stamp duty for stock transactions, we recognize that such a levy is an important source of government revenue,» said a spokesperson for HKEX.

Cost Impact

The new stamp duty is expected to cause trading costs to increase by 6-15 percent which will results in lower trading volumes that will send HKEX earnings per share lower by 3-7 percent, according to Cit analysts.

This follows another strong year for HKEX which posted record profits of 11.5 billion Hong Kong dollars in 2020, a 23 percent rise driven by a 60 percent surge in equity trading.

Is 0.03% really that matter? 🤔

How's your portfolio doing? I am disposing almost 50% of my position

Hi bro,...

If one's a trader and he goes in and out many times in a day, the 0.03% would definitely matter. HK is a city of traders.

My portfolio is still okay,... unrealized gains of 38% now,... but unrealized.... I can't sell because I needed the dividend. My US portfolio - I took profits over the CNY period which turns out to be quite good timing there. But,... emm,... it's all luck,.. not tooo happy with this 'luck' factor tho',....

My HK's HSBC is coming back,... divvy has been ann'd,.... and of course,... my forex game is making life-changing events for me,... my AUDJPY pairs are soaring.