Hong Kong stocks held steady over the trading week of Sept 15-19, supported by monetary easing, a wave of new listings and fresh policy commitments, even as broader risks kept investors cautious.<\/p>\n
The Hong Kong Monetary Authority trimmed its base rate by 25 basis points to 4.5% on Sept 17, following the US Federal Reserve\u2019s move. Local banks mirrored the cut with lower Hong Kong dollar lending rates, boosting sentiment in interest-sensitive sectors.<\/p>\n
Investor attention also centred on Zijin Gold International\u2019s planned US$3.21 billion IPO, set to be the city\u2019s largest this year. The deal underscored a revival of Hong Kong\u2019s IPO pipeline, particularly in commodities and precious metals.<\/p>\n
Adding to the upbeat tone, Chief Executive John Lee pledged greater support for fintech, green finance and cross-border trade in his policy address. Separately, Hong Kong Exchanges and Clearing announced a tie-up with Abu Dhabi\u2019s ADX to develop joint financial products and cross-listings.<\/p>\n
Despite headwinds from China\u2019s uneven recovery and global trade tensions, analysts said the combination of rate relief, strong listing activity and pro-growth policies has given investors reason for cautious optimism heading into the final quarter of the year.<\/p>\n
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