Express News | UBS Group: It is expected that the net profit of the Hong Kong Exchange will increase by 50% year-on-year in the fourth quarter.

Breakings12:44

In "The Big Action," Bank of China International: Southbound capital continues to flow into the Hong Kong stock market.

Bank of China International published a research report indicating that in 2024, the cumulative net Inflow of southbound funds will reach 744 billion yuan, far exceeding the net Inflow of 289.4 billion yuan in 2023. The trading volume of southbound funds in 2024 is expected to account for 19% of the total market trading volume of Hong Kong stocks, higher than 14.1% in 2023, 11.8% in 2022, and 11.4% in 2021. The bank also noted that as of Monday (6th), the cumulative net Inflow of southbound funds this year reached 19.7 billion yuan, significantly higher than the net Inflow of 13.1 billion yuan during the same period last year. The bank anticipates that southbound stock Trade will reach 980 billion yuan this year.

AASTOCKS12:21

In the report "Major Banks," UBS Group lowered the Target Price for Hong Kong Stock Exchange (00388.HK) to 306 HKD and rated it as "Neutral," expecting a 50% increase in net profit for the last quarter.

UBS Group published a research report forecasting that Hong Kong Exchanges and Clearing (00388.HK) will see a year-on-year growth of 50% in net profit for the fourth quarter of last year, reaching 3.9 billion yuan, which is 5% higher than the market's general expectations, mainly due to possibly exceeding expectations in net investment income and a decrease in the effective tax rate; at the same time, a year-on-year revenue growth of 34% is predicted for the quarter, reaching 6.5 billion yuan, which is also slightly above market expectations. For the entire year, the bank estimates that Hong Kong Exchanges and Clearing's revenue and net profit will grow year-on-year by 10% and 11% respectively, reaching 22.5 billion and 13.2 billion yuan. In terms of market transactions, UBS Group estimates that the average daily turnover (ADT) for the fourth quarter will reach a record 187 billion yuan.

AASTOCKS10:45

Christopher Hui: The market atmosphere in Hong Kong improved in the second half of last year, with new stock fundraising ranking fourth globally.

The Secretary for Financial Services and the Treasury, Christopher Hui, stated that the atmosphere in Hong Kong's asset market significantly improved in the second half of last year, with global rankings for new stock fundraising placing at fourth, raising a total of 80 billion yuan for newly listed companies, while the total asset size of the Asset and Wealth Industry reached 4 trillion USD. He also mentioned that there are currently about 2,700 single family offices operating in Hong Kong, with over half having asset sizes exceeding 50 million USD. Christopher Hui noted that uncertain factors such as interest rate trends and geopolitical issues inevitably pose challenges. He highlighted that this year will focus on several growth points, including establishing Hong Kong as a leading green finance center in Asia, striving to become one of the first local...

AASTOCKSJan 7 16:36

Express News | Maiwei (Shanghai) Biotechnology Co., Ltd. - B has submitted a listing application to the Hong Kong Stock Exchange, with CITIC SEC and HAITONG INT'L as co-sponsors.

BreakingsJan 6 21:42

Express News | Hong Kong Stock Exchange: AIA Group repurchased 1.1 million shares of Stocks for 61.6 million Hong Kong dollars on January 6.

BreakingsJan 6 18:36