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 Hong Kong Exchange & HK Stocks, Per title post-Extradition Bill W/drawal

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polarzbearz
post Oct 28 2020, 07:37 PM

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Anyone here also applied for Ant IPO? I just placed my order via my Hong Kong account (fundsupermart HK) for small #.. Hopefully can get hmm.gif
polarzbearz
post Oct 29 2020, 12:42 AM

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QUOTE(moosset @ Oct 28 2020, 08:56 PM)
does it work with FSM SG? Or must have FSM HK?
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Actually not sure cause I only have FSM MY / FSM HK sweat.gif
polarzbearz
post Nov 3 2020, 08:47 PM

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QUOTE(Hansel @ Nov 3 2020, 04:46 PM)
Taking this opportunity to wish all Ant IPO Subscribers here the best of luck in your applications. May you guys/gals huat !

IPO Offer : HKD80 per share, 50 shares make up one lot.
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Still no news from FSM HK sweat.gif

Wondering if I got it or rejected since kucik miao amount laugh.gif
polarzbearz
post Nov 18 2020, 03:25 PM

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QUOTE(TOS @ Nov 16 2020, 05:09 PM)
Anyone here bought Hang Seng Bank's stock? It's long regarded as the yield darling apart form its parent HSBC. Now we have this:

https://www.mpfinance.com/fin/instantf2.php...&issue=20201116

Competition between virtual banks and brick-and-mortar banks are heating up! But unless they raise their interest rate, it's hard to compete with virtual banks though. Polarbearz sicne you have HKID, have you tried out any virtual banks in HK yet?
Of course they won't kill. But there is a chance that they will split things up.

Nice exposure via ETFs.
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You ping-Ed the wrong person tongue.gif

So far I hasn't explored virtual banks yet - mainly because HSBC is meeting my needs so far (with their recent fee waiver / minimum balance waiver since last year), plus it links to my HSBC Malaysia account tongue.gif
polarzbearz
post Nov 20 2020, 11:58 AM

Gracie
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QUOTE(TOS @ Nov 20 2020, 09:52 AM)
How much interest does HSBC pay you? 0.001% p.a.?

Not sure if you know virtual banks pay you 1% p.a.?

Maybe you are large customer, if so might need to retain large sum of cash balance then entitled to some benefits. I remember need something like 250k for global transfers between all HSBC accounts around the world. If so, then it's fine.
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Actually I'm not even sure about HSBC interest lol, but I recall it was close to zero tongue.gif

Back then I had to maintain 5000HKD inside the bank account to avoid below balance fee charges but decided it was worth the "opportunity cost" since its so damn hard to open an account in Hong Kong, aside from being there physically with valid passes / justifications.

On a monthly basis I was getting about HKD 0.50 interest on approx ~5100 HKD balance. So I'm guessing approx 0.0012% per annum. Didn't bothered much as interest wasn't my main reason of keeping the account.

Now that they've removed the below balance fee I moved all my funds out to investments and use it purely as transit bank for funding HKD into my IBKR account

Also according to HSBC HK's standard I'm basically a tiny (or non existent) customer. From HSBC HK I cannot see my Malaysia accounts.
In Malaysia I'm HSBC Advance customer (Perks@Work) hence my account is automatically linked to global counterparts and I can see my HK balance from Malaysia. Tho, not much usage for me tbh. HSBC Bank in general is my global bank (since they have presence almost everywhere) and that's about it.

This post has been edited by polarzbearz: Nov 20 2020, 12:02 PM
polarzbearz
post Dec 24 2020, 11:53 PM

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QUOTE(moosset @ Dec 24 2020, 04:56 PM)
anyone getting BABA now? Should hit $235 in NYSE.
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QUOTE(Cubalagi @ Dec 24 2020, 06:30 PM)
So brave eh?

Baba is a great business, but I'm also scared of CCP.
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QUOTE(TOS @ Dec 24 2020, 06:40 PM)
So, do you think CCP wanna kill Baba now? tongue.gif
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QUOTE(moosset @ Dec 24 2020, 08:04 PM)
they will definitely not kill it but they will probably curb its expansion. To what extent will BABA's business be affected, that I don't know. One thing for sure, BABA's growth story will definitely not be as spectacular as it could have been.

I think this applies to all businesses / organisations that are too big and pose a threat to the local government. Governments are like control freaks. If they cannot control it (for example, crypto), then they freak out.  laugh.gif
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QUOTE(Cubalagi @ Dec 24 2020, 09:35 PM)
I say now it has become a possibility to be monitored.

As I mentioned above, I don't hold BABA directly, only indirectly via one of my ETF exposure. So my concern is more on industry wide impact on China new economy sector.
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Huge from from their 260+ price just yesterday laugh.gif

NYSE:BABA 218.43 -37.75 -14.74%

Back to July's price level
polarzbearz
post Dec 26 2020, 10:45 PM

Gracie
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QUOTE(TOS @ Dec 26 2020, 09:55 PM)
You bought any? From what I heard from some fund managers and private bankers, it's a good time to buy. brows.gif
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Bought some only. Don't have much bullets left laugh.gif

 

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