Hong Kong stocks close up, turnover hits new high

Hong Kong stocks continued the upward trend Friday, with the Hang Seng Index surpassing 20,000 points at the opening and the gains extended. The main board turnover exceeded 445 billion HK dollars (about 57.21 billion U.S. dollars), hitting a new high.

Hong Kong ready for Islamic finance takeoff

Hong Kong amended its regulations for Islamic bonds in 2013. Three sukuk totaling $3 billion were issued in 2014, 2015 and 2017. The Saudi Arabian exchange-traded fund listed in the city in 2023. In 2024,