Bonnie Chan Yi-ting from the Hong Kong Stock Exchange: The H+A listing will not dilute the investor base, and a white paper on the 'T+1' settlement cycle is planned to be released within the year.
Recently, the latest document from the central government proposed allowing Greater Bay Area enterprises listed in Hong Kong to be listed on the Shenzhen Stock Exchange. Bonnie Chan Yi-ting, the CEO of HKEX, stated during an interview that whether it is "A first then H" or "H first then A," both can allow companies to reach more investors without diluting the investor base. It is believed that this can increase the circulation of shares and enhance valuation, leading to a positive cycle.
Since January, the Hang Seng Biotechnology Index has risen over 60%, surpassing the "DeepSeek moment" of Chinese innovative drugs compared to AI.
Chinese innovative pharmaceutical companies have ignited investment enthusiasm with a series of hundred million dollar licensing Trades, successful IPOs, and a strong R&D pipeline, ushering in their own "DeepSeek moment."
How much longer will the "involution" continue?
Wu Ge believes that 'involution' means a continuous weakening of micro-enterprise profitability, which, on a macro level, corresponds to a stage of negative overall price growth. International experience shows that if prices continue to remain low and stagnate, the expectations of micro entities can easily become rigid, which in turn reinforces price stickiness. To reverse expectations, conventional policy measures may help but are not necessarily sufficient. The key is to leverage unconventional policies to significantly lower real interest rates, thereby stimulating 'animal spirits.'
Market Overview | All three major indices rose, the technology index increased by 1.15%, Network Technology stocks generally rose, Xiaomi Group increased by over 4%; gold stocks generally fell, LINGBAO GOLD dropped by over 12%.
Network Technology stocks all rose, with XIAOMI-W up 4.23% and KUAISHOU-W up 3.45%; Hong Kong retail stocks increased, with CHOW TAI FOOK up 6.03% and CHOW SANG SANG up 4.53%; gold stocks weakened, with LINGBAO GOLD down 12.06% and CHI SILVER GP up 7.37%;
Institutions: What is being traded when going long on AH premium now?
Tianfeng has released a research report stating that the reason for the decrease in AH premium is not because Hong Kong stocks have Assets that A shares do not have, but because recently, the same traditional economy (resource stocks, finance, and large state-owned enterprises) Assets have seen a higher increase in Hong Kong stocks compared to A shares.
CITIC SEC: The Middle East conflict may become a catalyst for a change in market structure.
CITIC SEC: The geopolitical impact of the Middle East conflict is significant, but the actual impact on Chinese Assets is limited.
Hong Kong IPO Weekly Report | Multiple companies including Guangdong Hec Technology Holding and others have submitted applications, while "Soy Sauce Maotai" Foshan Haitian Flavouring and Food's IPO has garnered strong market demand and will debut on the H
① What are the highlights of the applications submitted by companies such as Guanghe Technology? ② Foshan Haitian Flavouring and Food's IPO has drawn great market interest; how high is the subscription enthusiasm?
A week ahead | The Federal Reserve leads the "Super Central Bank Week." How will the Middle East situation stir global markets? China's economic data for May will be released; "Soy Sauce Maotai" Foshan Haitian Flavouring and Food is going public in Hong K
The Federal Reserve, the Bank of Japan, the Swiss Franc Central Bank, and the Bank of England will successively hold interest rate meetings next week; the 2025 Shanghai Lujiazui Finance & Trade Zone Development Forum will be held on June 18, releasing several significant financial policies; 'Soy Sauce King' Foshan Haitian Flavouring and Food will be listed next week.
Renminbi, big news! The transaction volume of southbound funds reached a nearly nine-week high, with three stocks receiving significant increases in holdings.
Southbound capital transactions remain active, and participation in the Hong Kong stock market is increasingly deepening.
Express News | According to CCTV news, on the 13th local time, Iran officially withdrew from the nuclear negotiations with the United States.
Express News | The central bank: In the first five months, RMB loans increased by 10.68 trillion yuan.
Express News | Central Bank: As of the end of May, the balance of broad MMF (M2) is 325.78 trillion yuan, a year-on-year growth of 7.9%.
Express News | Paul Chan Mo-po: Welcome more Chinese concept stocks to return to Hong Kong stocks.
Express News | Israel attacks Iran, Ministry of Foreign Affairs: deeply concerned about the serious consequences that such actions may bring.
Express News | Israel launches a new round of attacks on Iran.
Israel's airstrike on Iran has drawn significant market attention to the "speed and scale of Iran's retaliation."
Analysis indicates that this geopolitical crisis coincides with a robust rebound in the global stock market that has experienced little adjustment, placing it in a relatively fragile position. Currently, risk Assets are experiencing a pullback, while safe-haven assets like the yen and U.S. Treasury bonds are favored. If Tehran's response is limited and energy flows are not disrupted, experience suggests that the premium may dissipate quickly. However, any signs of retaliation or supply disruptions would keep volatility elevated and push up Crude Oil Product and safe-haven assets.
Express News | Israel may plan to launch multiple strikes against Iran, sources say it will last a week.
Express News | The Chief of Staff of the Iranian Armed Forces, Mohammad Bagheri, was assassinated.
Israel officially announces strikes against Iran, causing Gold and Crude Oil Product to surge instantly; U.S. officials: The U.S. has not intervened or assisted.
Israel has suddenly launched a preemptive strike against Iran, and the entire nation has entered a state of emergency! A huge explosion was reported in Tehran, while oil prices for West Texas Intermediate and Brent surged by 4%, and Gold broke through $3,410. The U.S. has hurried to distance itself, and a major conflict in the Middle East seems imminent.
Hong Kong stock morning report | In the first half of the year, the fundraising scale of Hong Kong stocks topped the world. The regulatory commissions of both regions are considering comprehensive optimization of the Hong Kong Stock Connect.
① The chairman of the Hong Kong Securities and Futures Commission stated that the securities regulators of both regions are considering comprehensive optimization of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect. ② New China Life Insurance plans to subscribe for private equity fund shares not exceeding 15 billion yuan. ③ In the first half of the year, funds raised from IPOs in Hong Kong surged 711% year-on-year. ④ The United States announced an increase in tariffs on steel home appliances.