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Express News | HKEX approved the merger of GTJA and HAITONG SEC.
Express News | Hong Kong Exchange: On January 17, Standard Chartered repurchased 496,307 shares of Stocks at Other Exchanges for 5.3 million British Pounds.
Express News | Gree Electronics Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, with China International Capital Corporation, China Securities Co., Ltd., CMB International, and UBS Group as joint sponsors.
The London Metal Exchange has approved Hong Kong as a Global warehouse network licensed delivery location.
The Hong Kong Exchange (00388.HK) announced that the London Metal Exchange (LME) has approved Hong Kong as a permitted delivery location within the LME's Global warehouse network, meaning Hong Kong will join one of the 32 existing warehouses in the LME network. LME CEO Matthew Chamberlain stated that Hong Kong's inclusion in the LME's Global warehouse network is an exciting development, providing a closer warehousing facility for the China Metal Center. He believes that Hong Kong has excellent business infrastructure and is a natural hub connecting the Chinese market, which is beneficial for market participants and the broader Metal Industry.
DBS will adjust its Stocks Hold Positions from 'Shareholding' to 'Neutral' and is Bullish on USA Technology Stocks.
The investment director of DBS Bank, Hou Weifu, stated that entering 2025, the Global geopolitical and economic situation remains complex and subtle, especially following the recent conclusion of the USA presidential election, which will have a profound impact on global markets and risk Assets. With the Republican Party winning both the Senate and the House of Representatives, the Trump administration now has clear authorization and significant power to push any policy agenda in Congress, whether it relates to tax cuts, climate change, or border security. Therefore, the market generally does not expect the approaching economic recession and the assumption of significant interest rate cuts by the Federal Reserve to materialize. Instead, as Trump hopes to fulfill his tax cuts and expansionary fiscal spending policies.
Quick look at the Hong Kong market | The Hong Kong stocks rise for five consecutive days! The three major Indexes increase by about 2%; Network Technology stocks and Autos lead the rise with JD.com up more than 7% and BYD rising over 4%.
Most Network Technology stocks rose, with JD-SW up 7.29% and MEITUAN-W up 5.21%; Apple Supplier stocks generally increased, with AAC TECH up 6.39% and SUNNY OPTICAL up 4.14%; Biotechnology stocks mostly rose, with WUXI APPTEC up 7.23% and GENSCRIPT BIO up 5.43%.