Anyone who uses the services of the HKex for trades and investment purposes needs to be aware of several critical dates. Global trade execution can be impacted by these dates during the year, sometimes having a significant impact on the value of any equities you buy or sell.

 

What is HKex?

The Hong Kong Exchanges and Clearing Limited (HKex) is one of the largest market operators in the world and plays a critical role in the financial architecture of the Asia-Pacific region. It’s a publicly traded holding company with many subsidiaries, including the Stock Exchange of Hong Kong and the Hong Kong Futures Exchange. 

HKex also manages four clearing houses in Hong Kong as well as the London Metal Exchange.

 

What is a financial calendar, and why is it important?

When it comes to global trade execution, the financial calendar plays a vital role. It’s consulted by investors, brokers, financial institutions and professionals, and the media, to track important events in the economy. 

These are usually events that have market-moving potentials, such as jobless figures, productivity, factory orders and debt auctions. These dates along with budgetary and regulatory announcements frequently have at least a short-term impact on market values.

 

What are the key dates for HKex?

The key dates for HKex as outlined on its website are;

• First-quarter results 28th April 2021

• Interim results August 2021

• Third-quarter results October 2021

• Final results February 2022

These earnings reports from publicly traded companies are a legal requirement. Most companies listed on the exchange will report their results on a quarterly basis, as outlined above.

 

Why do earnings reports matter?

Although companies will release a slew of financial data and reports throughout the year, the ones that gain the most attention are quarterly earnings. As earnings are the primary driver of stock prices, they are essential to investors. 

Earnings are ultimately a measure of the money a company makes. These are often evaluated in terms of earnings per share (EPS), the most crucial indicator of a company’s financial health. They also have an impact on any global trade execution choices an investor may make.

What is book closure?

The term book closure refers to a specific time period in which a company won’t handle adjustments to the shareholder register or any requests to transfer shares. Companies sometimes use the book closure date to identify the cut-off date for determining which investors on record will receive any dividend payment for that particular period. 

There is a range of other dates that work together with the book closure date, such as the disclosure date, the ex-dividend date, the record date and the payment date.

 

Why do closure dates matter to investors?

Investors need to pay close attention to closure dates as they determine when they should sell their shares or how long they need to retain them in order to receive a dividend.

 

GIS HK have on-the-ground knowledge

To effectively trade in the Asia-Pacific region, your execution-only broker should have a physical presence in the area, as well as a depth of understanding of local markets.

Global trade execution, global clearing, safe custody and other services are all impacted by the financial calendar of the particular exchange. At GIS HK, we have a wealth of knowledge and experience in the Asia-Pacific region. We put this knowledge at your disposal, helping you use a variety of variables to maximise the potential of your trades.

Email us today at info@gishkltd.com to find out more about our range of global trade execution services.

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