Understanding the Market | BRIGHT SMART surged over 8% during trading as Ant Group's takeover bid was approved by the Hong Kong Securities and Futures Commission, with both parties expected to strengthen business collaboration

BRIGHT SMART surged over 8% during trading, and as of the time of writing, it has risen 5.94%, trading at HKD 10.53, with a transaction volume of HKD 251 million. On the news front, six months after Ant Group's offer to acquire BRIGHT SMART was announced, it received approval from the Hong Kong Securities and Futures Commission. On the evening of October 10, BRIGHT SMART announced that as of September 23, 2025, under Section 132(1) of the Securities and Futures Ordinance, the offeror has been approved by the Hong Kong Securities and Futures Commission to become the major shareholder of BRIGHT SMART Futures and Commodities Limited, BRIGHT SMART Securities International (Hong Kong) Limited, BRIGHT SMART Asset Management Limited, and BRIGHT SMART Global Forex Limited. Donghai Securities believes that Ant Group's wealth management platform connects over 150 asset management institutions, which can complement BRIGHT SMART's stock trading, asset management, and derivatives business. Leveraging BRIGHT SMART's localized advantages and financial license resources, Ant Group can quickly establish securities service capabilities aimed at the global market. Ant Group's fintech capabilities will drive BRIGHT SMART's digital transformation, enhancing customer acquisition efficiency, service experience, and ARPU value