Hong Kong Exchange (00388.HK): Q2 2026 earnings expected to rise 13% year-over-year and decline 3% quarter-over-quarter

We forecast 2Q25 earnings to rise by 13% year-over-year (YoY) and decline by 3% quarter-over-quarter (QoQ). HKEX is scheduled to release its 2Q26 results on August 19: we expect 2Q revenue to increase by 12% YoY and decrease by 1% QoQ to HK$8.11 billion, excluding investment income.

CICCJul 22 18:22

Jefferies Adjusts Hong Kong Exchanges and Clearing's Price Target to HK$513 From HK$502, Keeps at Buy

MT NewswiresJul 22 13:50 · Ratings

Xiaohongshu: All currently circulating information regarding an IPO is untrue.

There are reports that Xiaohongshu secretly submitted its Hong Kong IPO application by the end of June, but the process was hindered due to whistleblower allegations from a former employee regarding the company's 'listing compliance' issues. Xiaohongshu responded, stating that all currently circulating information related to its IPO is untrue. This month, media reports indicated that a former senior executive filed an anonymous complaint with Hong Kong regulators, accusing Xiaohongshu of 'malicious layoffs to evade stock option obligations' and 'inconsistent disclosures between its domestic and overseas entities,' which could introduce significant compliance uncertainties into the company’s listing process.

AASTOCKSJul 22 11:58

Jefferies: Raised HKEX (00388) target price to HK$513, maintaining 'Buy' rating

The bank has raised its earnings forecasts for HKEX in 2026 and 2027 by 5% and 6%, respectively, to HK$18.579 billion and HK$19.42 billion, reflecting expectations of higher average daily trading volumes, greater IPO fundraising proceeds, and increased net interest income.

Zhitong FinanceJul 22 10:50 · Ratings

Moonshot AI is launching its final pre-IPO funding round in August, with a target valuation of up to USD 50 billion.

Citing sources familiar with the matter, Bloomberg reported that Moonshot AI plans to begin discussions in August for its final pre-IPO funding round, targeting a valuation of up to $50 billion. The company is expected to finalize a funding round launched this summer within the next few days at a valuation of $31.5 billion. Following this close, Moonshot AI will immediately engage with potential investors on the next financing round, which is anticipated to be its last capital raise before an initial public offering (IPO). Earlier, Moonshot AI launched Kimi K3, an AI model with 2.8 trillion parameters, whose performance is said to rival the most advanced models from OpenAI and Anthropic, drawing attention from developers and investors alike. Previously

AASTOCKSJul 22 09:22

The Fortune China 500 list for 2026 has been unveiled! JD.com (09618) is the only mainland private enterprise among the top ten.

On July 21, the Fortune China 500 list for 2026 was released.

Zhitong FinanceJul 21 16:51