For Tencent, which owns 65% of the shares, the investment will add about HK $ 30 billion to the value added.
Tencent this week, another shareholding company, car loan platform Yi Xin listed in Hong Kong, before the listing, the companystockOver-subscribed reached 560 times. After the opening price rose 30%.
The over-subscription refers to the difference between the number of shares that the investors want to buy and the actual number of shares actually sold by the company. The more the over-subscription ratio is, the more confidence the public has in the development potential of the company.
The two companies do not have beautiful, scary financial statements. One of their businesses is paying for reading e-books and one is buying Internet finance. Neither are Hong Kong businesses that are familiar with or usually in use.
Their soaring is more because of Tencent. There is a perception that investors at the HKEx have taken Tencent as the big idea to succeed Li Ka-shing. Now the sum of the market capitalization of three Tencent companies has accounted for more than 12% of the total market capitalization of HKEx.
Hong Kong may also surname Li, but the Hong Kong Stock Exchange changed his name.
"People expect Reading to be the second Tencent to make up for their loss of Tencent." An institutional investor in Fortune said. Therefore, from reading to Yi Xin, and Tencent related stocks listed in Hong Kong to obtain at least a few times the subscription.
Tencent shares rose 575 times in 13 years, is now the largest Hong Kong stocks
At the beginning of this year, Tencent's share price hovered around 200 yuan, corresponding to a market capitalization of about 1.8 trillion Hong Kong dollars. It is already the highest-listed company in the HKEx, but accounting for 7% of the total market capitalization of HKEx today.
In March, Tencent released the full-year 2016 financial figure, which realized a revenue of 151.9 billion yuan, an increase of 47.62% over 2015. When the drop, the United States and other new generation of Internet companies are still struggling for profit, Tencent profits of 56.1 billion yuan by games, advertising and value-added services.
The financial figures also show that WeChat has also started to grab Alibaba's business in the payment field after monopolizing the chat interface of every Chinese user. At that time, Weixin also paid more than 600 million daily payments through WeChat. After more than three months of trading time, Tencent rose 33%, while Hong Kong's Hang Seng Index rose only 8%.
In July, the People's Daily wrote an article criticizing Tencent's "cash cow" and "royal glory" to release negative energy, which once caused the market value of Tencent to fall by more than 50 billion Hong Kong dollars. However, after the performance far exceeded expectations of the second quarter earnings continue to push Tencent's share price. The online game segment where "King Glory" is located has realized a revenue of 23.8 billion yuan, helping the company to obtain a net profit of 18.2 billion yuan, an increase of 68%.
Since 2004, Tencent listed HK $ 3.7 per share in Hong Kong so far, excluding the impact of stock split, dividend payout, Tencent is now more than 403 Hong Kong dollar share price of about 2100 Hong Kong dollars (a share split 5 shares, so the share price multiplied by 5). 13 years cumulative increase of 575 times. Shenzhen is also higher than the price increase.
In addition, the HKEx shares with Tencent-related companies, as well as about 10% stake in Public Security Online, the market value of about 100 billion. According to Bloomberg quoted people familiar with the news, Tencent Music is expected to be listed in 2018, raising at least 1 billion US dollars, the listing location is Hong Kong.
Before the Hong Kong Stock Exchange was the largest of those Li Ka-shing, the market value of 15%
Hong Kong'sSecuritiesThe earliest transaction dates back to 1891, the Hong Kong Economic Association, Hong Kong's first official stock exchange.
The Hong Kong Economic Association merged with another exchange to form the Hong Kong Stock Exchange in the 1940s.
In the 20 years since then, the economy of Hong Kong, which is still dominated by British-funded foreign exchange, has relied on traditional ports and foreign trade and has a huge impact on local commercial activities.
Chinese entrepreneurs who stepped out from the industrial areas of North Point and Kwun Tong at that time saw the contradiction between population growth and land resource shortage in Hong Kong.
Real estate has become a hot industry. In 1958, Li Ka-shing bought the first piece of land in North Point, Hong Kong, setting up Cheung Kong. In 1972, Cheung Kong successfully listed on the Hong Kong Stock Exchange, the stock code is 0001.hk.
Given its importance to the port business, Li Ka-shing bought the controlling stake in British-foreign and Hutchison Whampoa from HSBC and developed the port business through the acquisition of Whampoa Dock and the consolidation of freight business into HIL Corporation of Hutchison.
By the 1980s and beyond, the social welfare of Hong Kong as a whole had been getting better. The demand for infrastructure such as water, electricity, coal, telecommunications and retail industries all had a large gap. Li Ka-shing Chang and Department of the establishment of Hutchison Telecommunications Company, the acquisition of Hong Kong Electric shares, the acquisition of Watson ...
In 2010, the total market capitalization of the Lijiacheng family-controlled enterprises accounted for 15% of the total. One flagship company Cheung Kong accounted for the total market capitalization of HKEx 4%.
Today, Li Ka-shing gradually sold, spin off and reorganized Hong Kong assets, but they still have at least 11 listed companies with a total market capitalization of more than 1.1 trillion Hong Kong dollars.
It is not uncommon today for a handful of big companies to monopolize an exchange
The 200-year-old NYSE is by far the largest stock exchange in the world with a total market capitalization of more than 20 trillion U.S. dollars (about 166 trillion U.S. dollars). Alibaba is currently the company with the highest market value of the NYSE, but its market capitalization is only 2% of the NYSE.
Founded in the 1970s, Nasdaq, which mainly undertakes technology companies, now has nearly 3,900 publicly traded companies with a total market capitalization of about 12 trillion U.S. dollars (about 93 trillion Hong Kong dollars), of which over 26% of the market capitalization comes from five major technology companies - - Apple, Alphabet,Microsoft,Amazon, Facebook. Their combined market capitalization exceeds 3.2 trillion U.S. dollars.
By contrast, the size of the Shanghai Stock Exchange is slightly higher than that of the Hong Kong exchange, at 33.6 trillion yuan ($ 5 trillion), less than twice the size of the top five technology companies in the United States. Shenzhen Exchange is about 80% of their size.
Just one year this year, the five companies' market value rose at least 900 billion US dollars, the total market value has surpassed France last year's GDP.
These big technology companies each monopolize a market, or in the market to provide the best products to make the most profits. This is attracting more and more people into the stock market with funds and buying their stocks, making them bigger and bigger.
They are also driving a new round of bullish markets in the United States, with S & P, Dow Jones Industrial, and Nasdaq reaching record highs almost daily.
Goldman Sachs analysts say the market capitalization of these companies is like riding a rocket. However, when the share prices of these companies fall, it is also very easy to drag the entire stock market down about 2%.