Hong Kong Stock Movement: JF SMARTINVEST Holdings plummets 23.52%, concerns arise from insufficient market confidence and incentive plans

Hong Kong Stock Movement JF SMARTINVEST plummeted 23.52%. Based on recent key news: On January 23, JF SMARTINVEST recorded 1.8 million shares in cross trading, with prices 5.5% lower than the previous closing price, leading to a significant drop in stock price. This transaction involved an amount of HKD 98.5 million, indicating a lack of market confidence in the stock, further exacerbating the price decline. On January 23, the company announced the grant of 6.583 million restricted stock units under the 2025 equity incentive plan. This move may be interpreted by the market as concern over the company's future profitability, putting pressure on the stock price. No other significant news recently. The market reacted lukewarmly to the incentive plan, with noticeable capital outflows. Stocks with High Trading Volume in the Industry Hong Kong Exchanges and Clearing fell 0.28%. Based on recent news, On January 23, the China Securities Regulatory Commission considered tightening the listing standards for mainland companies in Hong Kong, putting pressure on the stock price of the Hong Kong Stock Exchange. Reports indicate that the CSRC plans to raise regulatory and compliance thresholds, affecting the stock price of the Hong Kong Stock Exchange, which fell by about 2.1%. Source: Bloomberg On January 26, Zhou Lan, Deputy Governor of the People's Bank of China, stated at the Asian Financial Forum that Hong Kong has become the world's largest offshore RMB business hub, with supportive measures enhancing market liquidity. This move boosted market confidence in the Hong Kong Stock Exchange. Source: AP On January 26, the Hang Seng Index's short-term technical trend was not completely damaged, with continued inflows from northbound funds into Hong Kong stocks, making the market relatively strong. Metal prices reached new highs, reflecting heightened risk aversion. Source: Jinshi Data. The trading volume of Hong Kong stocks decreased, with a clear wait-and-see attitude from funds. Bairong Cloud-W fell 2.20%, with a trading volume of HKD 15.06 million, and no significant news recently. The trading was active, with clear capital flows, and considering the sector and industry trends, the stock showed significant volatility, with specific reasons needing further observation. HASHKEY HLDGS fell 4.82%. Based on recent news, On January 26, Com2000 announced the submission of an IPO application to the U.S. Securities and Exchange Commission, planning to go public. This move aims to inject capital for the company's global expansion and technological research and development, potentially triggering market attention and volatility for related companies. On January 24, the Hong Kong Inland Revenue Department announced a 20% tax rate on profits from cryptocurrency assets, which may affect investors' holdings and trading behavior, leading to market volatility. On January 23, the trading volume of the popular meme coin "memes" on the BSC chain surged, leading to a significant increase in network transaction fees, indicating high market attention and active trading in cryptocurrencies. The cryptocurrency market is significantly volatile, and tax policy changes need to be monitored. Stocks with High Market Capitalization in the Industry OSL Group fell 1.52%. Based on recent news, On January 23, OSL Group issued a profit warning, expecting a net loss of approximately HKD 370 million to 430 million for the fiscal year 2025, mainly due to the decline in digital asset prices and increased costs from strategic global expansion This news caused the stock price to decline. On January 23, OSL Group announced the launch of a new product, OSL Pay. Despite expected losses, business revenue still showed strong growth, with a projected 20% increase in revenue from digital assets and blockchain platform business to HKD 41.3 million. This news failed to boost the stock price. On January 23, analysts gave OSL Group a "Buy" rating with a target price of HKD 18.50. Despite the positive rating, the market reacted more strongly to the profit warning, and the stock price still fell. The volatility of digital asset prices had a significant impact