• Momo Inc. (MOMO) Stock Moves -0.13%: What You Should Know
    Zacks

    Momo Inc. (MOMO) Stock Moves -0.13%: What You Should Know

    In the latest trading session, Momo Inc. (MOMO) closed at $30.01, marking a -0.13% move from the previous day.

  • Changyou (CYOU) Surges: Stock Moves 8.2% Higher
    Zacks

    Changyou (CYOU) Surges: Stock Moves 8.2% Higher

    Changyou (CYOU) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

  • Has NetEase (NTES) Outpaced Other Computer and Technology Stocks This Year?
    Zacks

    Has NetEase (NTES) Outpaced Other Computer and Technology Stocks This Year?

    Is (NTES) Outperforming Other Computer and Technology Stocks This Year?

  • 3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - January 24, 2020
    Zacks

    3 Top-Ranked Dividend Stocks: A Smarter Way to Boost Your Retirement Income - January 24, 2020

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?

  • Vipshop Holdings Limited (VIPS) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Vipshop Holdings Limited (VIPS) Stock Sinks As Market Gains: What You Should Know

    Vipshop Holdings Limited (VIPS) closed the most recent trading day at $13.95, moving -0.5% from the previous trading session.

  • JD.com, Inc. (JD) Stock Sinks As Market Gains: What You Should Know
    Zacks

    JD.com, Inc. (JD) Stock Sinks As Market Gains: What You Should Know

    In the latest trading session, JD.com, Inc. (JD) closed at $40.77, marking a -0.49% move from the previous day.

  • New Strong Sell Stocks for January 23rd
    Zacks

    New Strong Sell Stocks for January 23rd

    Here are 3 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Hong Kong Risks Squandering Its Alibaba Dividend
    Bloomberg

    Hong Kong Risks Squandering Its Alibaba Dividend

    (Bloomberg Opinion) -- Hong Kong is missing an opportunity to displace the U.S. as an offshore listing venue for Chinese companies by keeping trading fees too high. Alibaba Group Holding Ltd.’s $11 billion offering in November showed the potential for the city’s stock exchange to attract U.S.-listed mainland enterprises amid an unsettled trade relationship between the two largest economies. Relatively expensive costs threaten to undermine that appeal.Investors get more for their dollar when they trade on the New York Stock Exchange. In Hong Kong, bid-ask spreads are wider and minimum investment requirements are higher. That increases the chance of so-called slippage, when there is a difference between the expected price of a trade and the level at which it is actually executed. With zero stamp duty and lower minimum trade requirements, the NYSE has a more favorable environment for active investors.Alibaba’s Hong Kong trading volume has slumped since the internet giant made its debut on the local exchange. On Nov. 26, shares valued at the equivalent of about $1.79 billion changed hands. Since mid-December, that figure has dropped to a daily average of about $322 million. The Hong Kong listing has made no dent in Alibaba’s stock trading in New York, where volume has averaged $3.2 billion since late November.To be sure, trading costs are by no means the only factor — or even the main one — in deciding where to buy and sell. To begin with, the U.S. is a more deep and liquid market. It has other advantages, including a more active and developed options market that gives traders more ways to hedge or speculate on stocks. That said, Hong Kong could do a better job of rolling out the welcome mat.Since losing out to New York for Alibaba’s record $25 billion initial public offering in 2014, Hong Kong Exchanges & Clearing Ltd. has made a number of rule changes to enhance its viability as a platform for technology startups from China and elsewhere. In April 2018, the exchange amended its provisions to admit companies with dual-class shares. Smartphone maker Xiaomi Corp.  and internet services company Meituan Dianping listed soon after, demonstrating that when HKEX makes smart decisions, the exchange benefits.More U.S.-traded Chinese companies are looking at Hong Kong for potential secondary listings. They include travel services provider Trip.com Group Ltd., formerly known as Ctrip; game and website operator Netease Inc.; web search provider Baidu Inc.; and e-commerce giant JD.com Inc. The way is open for Hong Kong to create a new offshore ecosystem for U.S.-listed Chinese companies seeking better positioning for the mainland while hedging their bets against a renewed deterioration in the U.S.-China relationship after the phase one agreement was signed this month.It makes little sense to squander this opportunity by maintaining trading costs that are a major barrier to entry. The Hong Kong government and the exchange must work together to make dual listing opportunities both beneficial and attractive to companies while encouraging investors to trade here. However, HKEX regulators seem to have their heads in the sand when it comes to reducing fees and the minimum buy-in to entice more companies. That may be a reflection of its monopoly status: Unlike the NYSE, which must compete with Nasdaq, HKEX has no local rival.Reducing fees would lower the barrier to entry for active investors and increase trading volume. As I wrote in September, cutting stamp duty would help improve liquidity and make Hong Kong stocks more attractive to retail and institutional investors. The ripple effect from this would further strengthen Hong Kong’s position as a global financial center. It’s time for the government and exchange to look beyond the immediate impact of reduced revenue and consider the long term.  To contact the author of this story: Ronald W. Chan at chartwellhk@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Ronald W. Chan is the founder and CIO of Chartwell Capital in Hong Kong. He is the author of “The Value Investors” and “Behind the Berkshire Hathaway Curtain.”For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Baidu Inc. (BIDU) Stock Sinks As Market Gains: What You Should Know
    Zacks

    Baidu Inc. (BIDU) Stock Sinks As Market Gains: What You Should Know

    Baidu Inc. (BIDU) closed at $134.80 in the latest trading session, marking a -1.68% move from the prior day.

  • 3 High-Yield Tech Stocks for Dividend Investors to Buy Right Now
    Zacks

    3 High-Yield Tech Stocks for Dividend Investors to Buy Right Now

    Check out these three high-yield tech stocks we found using our Zacks Stock Screener that dividend investors might want to buy right now...

  • What Is JOYY Inc.'s (NASDAQ:YY) Share Price Doing?
    Simply Wall St.

    What Is JOYY Inc.'s (NASDAQ:YY) Share Price Doing?

    JOYY Inc. (NASDAQ:YY), which is in the interactive media and services business, and is based in China, received a lot...

  • Baidu Inc. (BIDU) Upgraded to Strong Buy: What Does It Mean for the Stock?
    Zacks

    Baidu Inc. (BIDU) Upgraded to Strong Buy: What Does It Mean for the Stock?

    Baidu Inc. (BIDU) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 1 (Strong Buy).

  • Does 58.com Inc.’s (NYSE:WUBA) ROCE Reflect Well On The Business?
    Simply Wall St.

    Does 58.com Inc.’s (NYSE:WUBA) ROCE Reflect Well On The Business?

    Today we are going to look at 58.com Inc. (NYSE:WUBA) to see whether it might be an attractive investment prospect...

  • Is Momo (MOMO) Outperforming Other Computer and Technology Stocks This Year?
    Zacks

    Is Momo (MOMO) Outperforming Other Computer and Technology Stocks This Year?

    Is (MOMO) Outperforming Other Computer and Technology Stocks This Year?

  • Is Baidu (BIDU) Stock Outpacing Its Computer and Technology Peers This Year?
    Zacks

    Is Baidu (BIDU) Stock Outpacing Its Computer and Technology Peers This Year?

    Is (BIDU) Outperforming Other Computer and Technology Stocks This Year?

  • The Trade Desk Partners Gojek to Expand Global Footprint
    Zacks

    The Trade Desk Partners Gojek to Expand Global Footprint

    The Trade Desk (TTD) inks partnership Gojek to gain foothold in Southeast Asian market and drive top-line growth.

  • IBM's Q4 Earnings Top Estimates, Cloud Momentum Aids Revenues
    Zacks

    IBM's Q4 Earnings Top Estimates, Cloud Momentum Aids Revenues

    IBM's Q4 performance gains from advancements in the Cloud & Cognitive Software and Systems segments.

  • Rally Pauses as Coronavirus Spreads to U.S.
    Zacks

    Rally Pauses as Coronavirus Spreads to U.S.

    Rally Pauses as Coronavirus Spreads to U.S.

  • Is There An Opportunity With Weibo Corporation's (NASDAQ:WB) 38% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With Weibo Corporation's (NASDAQ:WB) 38% Undervaluation?

    In this article we are going to estimate the intrinsic value of Weibo Corporation (NASDAQ:WB) by taking the expected...

  • Should You Think About Buying Tuniu Corporation (NASDAQ:TOUR) Now?
    Simply Wall St.

    Should You Think About Buying Tuniu Corporation (NASDAQ:TOUR) Now?

    Tuniu Corporation (NASDAQ:TOUR), which is in the hospitality business, and is based in China, received a lot of...

  • A Closer Look At Vipshop Holdings Limited's (NYSE:VIPS) Impressive ROE
    Simply Wall St.

    A Closer Look At Vipshop Holdings Limited's (NYSE:VIPS) Impressive ROE

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Is SINA Corporation (NASDAQ:SINA) Better Than Average At Deploying Capital?
    Simply Wall St.

    Is SINA Corporation (NASDAQ:SINA) Better Than Average At Deploying Capital?

    Today we'll look at SINA Corporation (NASDAQ:SINA) and reflect on its potential as an investment. In particular, we'll...

  • YY vs. SHOP: Which Stock Should Value Investors Buy Now?
    Zacks

    YY vs. SHOP: Which Stock Should Value Investors Buy Now?

    YY vs. SHOP: Which Stock Is the Better Value Option?

  • Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - January 17, 2020
    Zacks

    Improve Your Retirement Income with These 3 Top-Ranked Dividend Stocks - January 17, 2020

    The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source of income in your nest egg years?