Express News | hkex reported that the average daily turnover in October was 255 billion Hong Kong dollars, an increase of 224% year-on-year.
Bank of China Hong Kong (02388.HK): Should consider extending the cross-listed ETF to more overseas markets.
Bank of China Hong Kong Financial Research Institute analyst Li Yujia stated that Hong Kong can develop in the following ways to promote cross-border fund flows, enhance the resource allocation function of the international financial center, attract more financial institutions and long-term capital to expand and operate businesses in Hong Kong. First, consider extending the interconnection of ETFs to more overseas markets; second, cultivate the ESG ecosystem to create a better investment environment; third, continue to expand the scope of mutual access with the csi china mainland financials index; fourth, encourage more Chinese financial institutions to establish asset management institutions in Hong Kong. In particular, the bank recommends launching ETFs that are interconnected with more markets through cooperation between stock exchanges, and may consider starting from
Treasury Department: Set up a working group within this year to explore improving the gold market trading and regulatory mechanisms.
Acting Financial Secretary and Secretary for Financial Services and the Treasury, Chen Ho-lim, responded to questions from lawmakers, stating that the authorities will establish a task force within this year to develop proposals to improve the gold market trading and regulatory mechanisms. The discussion topics will include gold supply and demand, product development, standard applications, clearing mechanisms, logistics storage, inspection certification, talent development, and cross-border cooperation. He mentioned that the experience of over-the-counter related transactions shows that the commodity market, including gold financial transactions, has its own characteristics, and trading and ecosystems need time to establish. Both on-exchange and off-exchange trading in Hong Kong currently have potential, but relevant developments require detailed planning and gradual progress.
Large-scale rating | Credit Suisse: Brokerage stocks prefer china galaxy in the short to medium term, with Hong Kong Exchanges and Clearing still the top choice in the long term.
November 6th by Grunt ｜ Lyon released a report stating that mainland brokerage stocks tracked by it delivered a bright performance in the third quarter. Apart from Haitong Securities, due to strong investment income, overall net profit growth exceeded expectations, mainly driven by the rebound in the stock market in September and bond investment income. On average, the third-quarter brokerage income of mainland brokerage stocks decreased by 9% quarterly and 14% annually, due to the decline in commission rates and weak market activity from July to August. However, it is expected that under the promotion of the continuous growth in A-share trading volume, brokerage income in the fourth quarter will pick up. The bank indicated a short-term preference for China Galaxy, with long-term preference still being Hong Kong Exchange.
Capital Movement: Beishui increased holdings of Tencent, Alibaba, and Hong Kong Exchange significantly, while reducing holdings of semiconductor manufacturing international corporation by over 1 billion yuan.
Net buy tracker fund of hong kong 2.025 billion
Beijing Capital's movements | Beijing Capital's net buying reached 9.424 billion, Beijing Capital aggressively acquired Tracker Fund of Hong Kong (02800) over 2 billion, and increased holdings of network technology stocks throughout the day.
On November 5th, in the Hong Kong stock market, the net buy volume of Beishui was 9.425 billion Hong Kong dollars, with a net buy of 4.654 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect, and a net buy of 4.771 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.