HEX AUG6 (HEX2608) News

Earnings Preview: HKEX to Report Financial Results on August 19

$HKEX(00388.HK)$ is scheduled to release its financial results on August 19 BJT. Earnings PreviewAnalysts estimate $HKEX(00388.HK)$ to post revenue of HKD7.94B for 2026Q2, up 9.98% YOY; EPS is

Futu NewsAug 13 09:00

UBS Group: Improving AI Investment Sentiment and Nearing End of Deleveraging May Present Re-rating Opportunity for Chinese Tech Stocks

Wang Zhonghao, Head of China Equity Strategy Research at UBS Group, wrote that some Chinese AI technology hardware stocks tracked by UBS Investment Research saw their share prices fall by 32% in July, with 36% of the tracked stocks declining by 40% or more during the month. Meanwhile, the margin financing balance in A-shares has retreated from a high of RMB 3 trillion to RMB 2.6 trillion, approaching levels seen in early April before the recent rise in leverage. Therefore, it appears that the most severe phase of technical selling and deleveraging has passed. At the same time, driven by the earnings performance of major U.S. cloud service providers, the global AI narrative seems to have turned positive. With the

AASTOCKSAug 12 18:21

Hong Kong Government: Proprietary trading ineligible for carried interest tax concessions; no plans to further expand scope of application

In response to media inquiries regarding the concessionary tax regime for carried interest, the Financial Services and the Treasury Bureau stated that there are no plans to further broaden the scope of the concessionary measures. Administrative guidelines will be issued as necessary to clarify details. The authorities noted that a key initiative under the Inland Revenue (Amendment) (Concessionary Tax Regime for Funds, Family-owned Investment Holding Vehicles and Carried Interest) Bill 2026 is to expand the scope of the concessionary tax regime for carried interest. Businesses that generate income by trading or holding assets using their own funds for their own account, commonly referred to as "proprietary trading businesses," do not fall within the relevant definition of "fund," and the remuneration distributed by such entities is therefore ineligible under the proposed provisions of the Bill.

AASTOCKSAug 12 17:44

State Street: Risk Appetite Cools as Rotation Continues to Attract Investors

State Street released its Institutional Investor Indicators today (the 12th). The State Street Institutional Investor Risk Appetite Index declined from 0.45 in June to 0.18 in July. Although the index has retreated significantly from one of its highs over the past four years, it remains positive, indicating that institutional investors continue to increase their allocations to risk assets, albeit with reduced breadth and conviction compared to the previous month. In July, institutional investors’ equity allocation rose by approximately 142 basis points, reversing the slight decline observed in June. By the end of the month, equities accounted for 58% of portfolios; fixed-income assets (excluding short-term bills) comprised 26%, and cash held at 16%. The market dynamics in July were not characterized by a large-scale reduction in risk asset holdings.

AASTOCKSAug 12 17:07

It is reported that the registered capital of Moonshot AI has been increased to RMB 2.2385 million.

According to Chinese media reports, data from the Qichacha app shows that Beijing Moonshot AI Technology Co., Ltd. recently underwent a business registration change, with its registered capital increased from RMB 1.5236 million to RMB 2.2385 million. Founded in 2023, Moonshot AI’s business scope includes basic artificial intelligence software development and applied artificial intelligence software development.

AASTOCKSAug 12 14:46

AI large-model company Mianbi Intelligence has filed for A-share listing counseling and registration, with its valuation expected to exceed RMB 20 billion.

According to data from the China Securities Regulatory Commission (CSRC), Beijing-based AI large-model company Mianbi Intelligence Technology has filed for listing counseling registration, with China CITIC Securities acting as its sponsor. Mianbi Intelligence was spun out of Tsinghua University’s Natural Language Processing (NLP) Laboratory in 2022. Earlier market reports indicated that last month, Mianbi Intelligence completed a new round of financing, attracting investors including national-level funds, central state-owned enterprises, and automobile manufacturers. Its post-money valuation is expected to exceed RMB 20 billion, with cumulative fundraising in the first half of the year surpassing RMB 5 billion. In July this year, Mianbi Intelligence open-sourced its first embodied intelligence technology offering, the MiniCPM-Robot series of models, including general-purpose

AASTOCKSAug 12 10:34

Chan Yik Ting: As of early August, Hong Kong IPO fundraising has reached USD 41 billion, surpassing the full-year total for last year; a record high is expected for this year.

HKEX (00388.HK) Chief Executive Bonnie Chan stated at an event in Kuala Lumpur that as of early August, Hong Kong's IPO fundraising had already reached USD 41 billion, surpassing the full-year total of USD 39.5 billion recorded last year. She projected that this year’s total would set a new record, as global capital flows back into Asia, and urged Malaysian companies to consider listing in Hong Kong to access mainland investors. She added that capital had previously been heavily concentrated in the U.S. market, particularly in just one or two sectors, but amid shifting political and economic landscapes, investors are increasingly focused on diversifying risk. For companies seeking broader investor access and deep pools of capital, Hong Kong represents an ideal choice.

AASTOCKSAug 12 08:32

Hong Kong Exchanges & Clearing Stock Slips 2.7% in Hong Kong

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Hong Kong Exchanges & Clearing Ltd. slid 2.7% to 405.40 Hong Kong dollars on what proved to

Dow JonesAug 11 16:31

MiniMax (00100.HK) will be included in the Hong Kong Exchange Tech 100 Index and other indices.

Hong Kong Exchange (0388.HK) announced that MiniMax (0100.HK) has met the fast-track inclusion criteria for the Hong Kong Exchange Tech 100 Index and will be added to both the Hong Kong Exchange Tech 100 Index and the Hong Kong Exchange Tech & US Tech 100 Index after the market closes on Wednesday (the 12th), effective Thursday (the 13th). Hong Kong Exchange noted that as a recently listed technology company in the Hong Kong market, MiniMax’s swift inclusion in these indices reflects its established market representativeness and further enhances the coverage of innovative and technology companies within the Hong Kong Exchange technology indices.

AASTOCKSAug 11 10:03

Hang Seng Indexes Company is seeking market feedback on proposed revisions to the Hang Seng Tech Index, including increasing the number of constituent stocks to 50.

Hang Seng Indexes Company has published a consultation paper seeking market feedback on potential revisions to the Hang Seng Tech Index. The proposed changes primarily address the ongoing broadening of the composition of Hong Kong’s technology sector and the market reality that faster-growing companies often have relatively smaller market capitalizations. The proposals include increasing the number of constituent stocks to 50, expanding coverage of technology-related themes, and introducing a sector-based stock selection mechanism. The relevant revisions are expected to be announced by the end of September and implemented in the index review as of September 30. Final approval of the revisions is subject to the decision of the Hang Seng Indexes Advisory Committee following its consideration of consultation feedback. Any resulting changes to index constituents will take effect during the December index rebalancing.

AASTOCKSAug 11 09:19

Shein is reported to be significantly scaling back its operations in Vietnam, with its supply chain shifting back to China.

According to Reuters, citing multiple sources, fast-fashion retailer Shein is significantly scaling back its operational footprint in Vietnam due to shifts in U.S. trade policy and supplier relocations back to China. The report states that last year, Shein leased a bonded logistics hub spanning 15 hectares near Ho Chi Minh City as a pilot initiative to establish Vietnam as its primary export base. However, the leased area has since been reduced to six hectares, and the company reportedly carried out large-scale layoffs of its local team starting in April this year. This move follows the U.S. decision in late July last year to eliminate the de minimis tariff exemption for all countries on shipments valued under USD 800, coupled with subsequent gradual reductions in additional tariffs imposed on Chinese goods.

AASTOCKSAug 10 16:38

Hong Kong Monetary Authority and Dubai Financial Services Authority Co-host Third Climate Finance Conference to Drive Transition Amidst Changing Landscape

The Hong Kong Monetary Authority and the Dubai Financial Services Authority announced today (August 10) that they will jointly host the third Climate Finance Conference in Hong Kong on September 10.

Zhitong FinanceAug 10 14:19

HKEX 2Q Growth Likely Driven by Strong Equities Trading Activity -- Market Talk

0502 GMT - Hong Kong Exchanges & Clearing will likely post higher profit and revenue for 2Q, Michael Zhang, analyst at Citi Research, writes in a note. Citi expects revenue and profit to have grown

WSJAug 10 13:02

Citi cuts HKEX (0388.HK) target price to HK$495; Q2 earnings expected to rise 13% YoY, maintains 'Buy' rating citing resilient daily trading volume growth

Citi published a report forecasting that Hong Kong Exchanges and Clearing Limited (HKEX, 00388.HK) will announce its second-quarter results on August 19, with an estimated attributable profit of HK$5.0 billion, down 3% quarter-over-quarter but up 13% year-over-year, representing a 7% upside to market consensus. Total revenue is expected to reach HK$8.1 billion, down 1% quarter-over-quarter yet up 13% year-over-year, benefiting from robust trading volumes in the Hong Kong equity market and Northbound trades. Investment income is projected to decline 23% quarter-over-quarter and 36% year-over-year to HK$1.0 billion, primarily due to a high base effect. The bank noted that average daily turnover in the Hong Kong equity market reached HK$290 billion in the second quarter, up 5% quarter-over-quarter and 22% year-over-year, supported by increased contributions from new listings; Southbound trading via Stock Connect

AASTOCKSAug 10 11:07

Global equity funds recorded inflows for the eleventh consecutive week, while U.S. equity funds posted net outflows of USD 1.58 billion.

According to Refinitiv, a unit of London Stock Exchange Group (LSEG), global equity funds recorded net inflows of USD 21.15 billion in the week ended August 5, compared with approximately USD 27.72 billion in net purchases the previous week. Global equity funds have now posted inflows for the eleventh consecutive week, driven by strong earnings results and lower crude oil prices, which have bolstered investor appetite for risk assets. To date, data from approximately 808 companies in the MSCI ACWI Index that have reported earnings show that aggregate profits for the most recent quarter rose 40.9% year-over-year, with roughly 75% surpassing analyst expectations. By region, European equity funds

AASTOCKSAug 7 15:48

HKEX: The total market capitalization of the securities market stood at HK$46.8 trillion at the end of July, up 4% year-on-year.

Gelonghui, August 7 | According to data from the Hong Kong Exchange, the total market capitalization of the securities market stood at HK$46.8 trillion as of the end of July 2026, up 4% year-on-year. The average daily turnover in July was HK$307.2 billion, an increase of 17% year-on-year. The average daily turnover for the first seven months was HK$286.8 billion, up 18% year-on-year.

Gelonghui FinanceAug 7 15:09

According to reports, the People's Bank of China has increased its gold reserves in Hong Kong over the past several months to support Hong Kong’s development as a gold trading hub.

Citing sources, Bloomberg reported that the People’s Bank of China (PBOC) has increased its gold reserves in Hong Kong over the past several months to support Hong Kong’s development as a major gold trading hub. It is understood that the PBOC has previously been repatriating portions of its gold reserves from London to mainland China to bolster Hong Kong’s growth, and this process is expected to accelerate, with the PBOC continuing to transfer reserves from London to Hong Kong. The report noted that in recent years, central banks of countries including India and Serbia have repatriated portions of their gold holdings for security or political reasons. The PBOC is also among the world’s largest buyers of gold, with its gold purchases in June reaching the highest level since October 2023, marking the second consecutive month of...

AASTOCKSAug 7 10:40

Kaiyuan Securities: Deposits shifting to the non-bank financial system, with notable increases in private equity funds and fund-of-funds (FOFs).

Valuations and institutional holdings in the non-bank financial sector remain at historical lows, and we are positive on the potential for above-market returns from securities firms and insurers in the second half of the year.

Zhitong FinanceAug 6 16:50

Hong Kong Exchanges and Clearing Limited (HKEX, 00388.HK) has appointed He Guangyi as Managing Director and Head of Group Strategy.

Hong Kong Exchanges and Clearing Limited (HKEX, 00388.HK) announced the appointment of He Guangyi as Managing Director and Head of Group Strategy. In his new role, Mr. He will lead the Group’s strategy function and work closely with the HKEX Management Committee and heads of various business divisions to drive the implementation of the Group’s key strategic initiatives. He will provide insights on economic and macro trends and offer guidance on new business initiatives to support the Group’s long-term growth. Mr. He will assume his new role on September 1 and report to HKEX Chief Operating Officer Becky Lau. HKEX also announced that the current Head of Group Strategy and Head of the Office of the Chief Executive, Managing Director Lam Kei Wing,

AASTOCKSAug 5 18:11

Hong Kong Exchanges & Clearing Stock Advances 1.6% in Hong Kong

This article was automatically generated by Dow Jones using technology from Automated Insights. Shares of Hong Kong Exchanges & Clearing Ltd. rose 1.6% to 414.60 Hong Kong dollars on what proved to

Dow JonesAug 5 16:32