Christopher Hui: HKEX (00388.HK) will allocate sufficient preparation time for the industry to transition to the T+1 settlement cycle.

Christopher Hui, Secretary for Financial Services and the Treasury, stated that the government is committed to promoting measures by the Securities and Futures Commission and the Hong Kong Stock Exchange (00388.HK) to study and optimize trading, clearing, and settlement mechanisms. In the process of advancing the shortening of the settlement cycle to T+1, the Hong Kong Stock Exchange has analyzed its impact on various aspects of the market. This initiative will help improve capital turnover efficiency, enable investors to conduct subsequent investments more flexibly and swiftly, and facilitate the smooth flow of investors' funds across different markets. He noted that the Hong Kong Stock Exchange is currently consulting the market on specific adjustment proposals and implementation timelines for trading and settlement processes. The consultation period will end on May 18.

AASTOCKSMay 13 14:47

Hong Kong Association of Stock Analysts: Supports HKEX's Implementation of T+1 Reform, Suggests Flexible T+2 Arrangement Under Extreme Weather Conditions

The Hong Kong Association of Stock Analysts recommends allowing settlement to be deferred to T+2 when extreme weather conditions (black rainstorm or Typhoon Signal No. 10) cause banks to suspend operations, in order to ensure smooth and orderly market functioning.

Zhitong FinanceMay 13 19:05

Christopher Hui: The Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange are closely reviewing the work of sponsors and the quality of listing applications, taking regulatory actions when necessary.

Christopher Hui, Secretary for Financial Services and the Treasury, stated in a written reply to a legislator's inquiry that new listing applications surged significantly last year. The Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange (HKEX, stock code: 00388.HK) have observed a decline in the quality of draft listing documents. The SFC is currently reviewing the documents and information submitted by sponsors under the circular requirements and has initiated thematic inspections of sponsors. The SFC and HKEX will continue to closely monitor the quality of sponsors' work and listing applications, taking appropriate regulatory actions when necessary to uphold Hong Kong's reputation as a leading international fundraising hub.

AASTOCKSMay 13 14:40

Morgan Stanley raises Hang Seng Index target to 28,400 points, expecting the upward trend to continue until the second quarter of next year.

Morgan Stanley issued a report stating that due to improved profitability, an enhanced leading position in the global upstream supply chain, and the strengthening of the renminbi against the US dollar, Chinese equities should have moderate upside potential over the next 12 months. The firm adjusted its target levels for a series of indices for the second quarter of next year: the Hang Seng Index target is now set at 28,400 points, the MSCI China Index at 91 points, the Hang Seng China Enterprises Index at 9,900 points, and the CSI 300 Index at 5,400 points, reflecting potential increases of approximately 8%, 12%, 11%, and 11%, respectively. The report highlighted significant opportunities in the Chinese equity market at both the individual stock and thematic levels, which should enable investors to build positions.

AASTOCKSMay 13 11:50

UBS Group: Liquidity in Hong Kong stocks is expanding towards small and mid-cap stocks, with increased participation of southbound capital boosting market diversification.

UBS Group issued a research report noting that although the market capitalization and liquidity of Hong Kong's stock market have traditionally been concentrated in large-cap stocks, there has been a significant shift in liquidity towards smaller-cap segments since the fourth quarter of 2024. This indicates that the tradable scope of Hong Kong's stock market is expanding, making it more operationally viable for investors sensitive to trading costs and capacity. The bank believes that improved liquidity has also driven an increase in return dispersion, providing stock-picking investors with more opportunities for excess returns (Alpha). This trend is partly fueled by increasingly active trading under the Southbound Connect and the high participation of mainland retail investors.

AASTOCKSMay 12 11:05

Hong Kong Exchange (00388.HK) was increased by Gordon Robert Halyburton Orr with 5,500 ordinary shares, valued at approximately HKD 2.3177 million.

According to a report on May 11, Gordon Robert Halyburton Orr purchased an additional 5,500 ordinary shares of Hong Kong Exchange (00388.HK) at an average price of HKD 421.4 per share on May 8, as disclosed in a filing by the Hong Kong Stock Exchange on May 11. The transaction was valued at approximately HKD 2.3177 million. Following the increase, Gordon Robert Halyburton Orr's total holding amounts to 5,500 shares, with a long position ratio of 0.00%. Image source: Stock Exchange Equity Disclosure. What is equity disclosure? According to Hong Kong...

Futu NewsMay 11 17:12