Trump's "National Cryptos Reserve" attracts attention: the policy blueprint is chaotic, with controversies and challenges occurring simultaneously.
① The USA President Trump recently announced the establishment of a "National Crypto Reserve" and plans to attend the White House Cryptos Industry Summit, raising market expectations; ② However, Trump did not clearly state whether the Federal Reserve would purchase new Cryptos or simply redistribute confiscated Cryptos; ③ The USA, and even the Global community, lacks experience in managing substantial Crypto reserves and faces challenges related to liquidity and asset value fluctuations.
Express News | In Q4 2024, the Hong Kong Stock Exchange's revenue and Other income reached a record high for the quarter, amounting to 6.381 billion HK dollars.
Express News | Paul Chan Mo-po: The trade mechanism will continue to be reformed to ensure technical compatibility with the T+1 settlement cycle by the end of the year.
A picture preview | The Hong Kong Stock Exchange will release its Q4 performance on Thursday! With the trading sentiment in the Hong Kong market warming up, will it help its stock price break through previous highs?
Goldman Sachs published a research report stating that the trading volume in the Hong Kong stock market has currently reached about 1.5 times that of the first three quarters of 2024. The increase in trading is primarily driven by policy support. Considering that nearly half of the revenue for the Exchange comes from the stock market, it is expected that increased trading will translate into approximately 20% growth in underlying earnings in the first half of 2025.
Daily Bull and Bear | The Hang Seng Index broke last October's high last Friday, with multiple bull certificates surging over 300%; Alibaba soared over 14%, with the highest bull certificate earning more than four times.
As of the market close, the total market turnover was 393.598 billion HKD, with all warrants and callable bull/bear certificates trading a total of 21.527 billion HKD, accounting for 5.5% of the market turnover, among which good positions accounted for 3.0% and short positions accounted for 2.5%. The net Outflow of all warrants was 50.4681 million HKD.
Major changes! The Hong Kong Stock Exchange announces the cancellation of minimum and maximum limits. How significant is the impact of the fee adjustments?
The Hong Kong Stock Exchange has recently announced the cancellation of the existing fee cap for securities Trade, which was set at a minimum of HKD 2 and a maximum of HKD 100. The transaction fee will be calculated entirely based on the transaction amount, at 0.42 basis points (0.0042%). This fee optimization has been approved by the Hong Kong Securities and Futures Commission and will be implemented in June 2025.