BP-HKEX@EC2609B

AOM INT'L

KO YO GROUP

MABPHARM-B

MOST KWAI CHUNG

CHINA ORAL IND

BRIGHT SMART

CCT FORTIS

EASY SMART GP

CEN PLAZA HOTEL

SMART DIGI TECH

01299

00388

601939

HKXCY

Hong Kong's ADRs exhibited mixed performance, with JD.com and NetEase rising by nearly 1% or more. AIA Group's ADR remained stable, while those of Hong Kong Exchanges and Clearing, Meituan, Alibaba, and China Construction Bank declined.

CoinLive

HKEX

China Construction Bank

AIA Group

JD LOGISTICS

Hong Kong Exchanges and Clearing (HKEX)

FI CSOP HSI

FI2 CSOP HSI

Hwabao CSI HK Equities Internet ETF

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

E Fund CSI HK Connect Internet ETF

FL2 CSOP HSI

KraneShares 2x Long JD Daily ETF

A GX HSICC

JD-SW

BABA-W

Alibaba

NetEase

NTES-S

Meituan

JD.com

MEITUAN

STOCKS | Mixed Performance in Hong Kong ADRs

513750

512880

159842

512000

Hong Kong Exchange Proposes Looser Listing Rules -- Update

marketscreener

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Hong Kong Exchange Proposes Looser Listing Rules -- Update

002466

09696

JPMorgan Chase & Co's long position in H-shares of Tianqi Lithium increases to 8.17% on Mar 10 from 7.45%, HKEX shows

JPMorgan Chase

Defiance Daily Target 2X Long JPM ETF

TIANQI LITHIUM

JPMorgan Chase & Co's long position in H-shares of Tianqi Lithium increases to 8.17% on Mar 10 from 7.45%, HKEX shows

601995

03908

BlackRock Inc's long position in H-shares of China International Capital decreases to 4.87% on Mar 9 from 5.36%, HKEX says

CICC

BlackRock

BlackRock Inc's long position in H-shares of China International Capital decreases to 4.87% on Mar 9 from 5.36%, HKEX says

00522

Reuters

ASMPT

Blackrock Inc's Long Position In ASMPT Decreases To 4.99% On Mar 9 From 5.34%, HKEX Shows

The Hong Kong Stock Exchange is soliciting market opinions on proposals to enhance the competitiveness of the Hong Kong listing mechanism, emphasizing that the quality of listed companies is the foundation of market prosperity. The listing director of the Hong Kong Stock Exchange, Wu Jiexuan, stated that the diversification of the listing system is not contradictory to the quality of sponsors, and low-quality companies will never be allowed to go public. The first phase of proposals put forward by the Exchange includes lowering the listing requirements for companies with "dual-class shares," aiming to attract more Southeast Asian companies to list in Hong Kong. In the future, continuous optimization of the ongoing supervision of listed companies will continue

AASTOCKS

HKEX: Diversification of the listing system is not in conflict with the quality of sponsors, and low-quality companies are absolutely not allowed to go public

00HSI

03115

83128

Hong Kong's stock exchange has proposed easing rules for dual-class share listings to enhance competitiveness. The proposals include halving the market value threshold for companies seeking dual-class structures from HK$40 billion to HK$20 billion and lowering another threshold from HK$10 billion in market cap plus HK$1 billion in revenue to HK$6 billion and HK$600 million, respectively. Additionally, all new listing applicants may file confidentially. The consultation period for these proposals will end on May 8, aiming to attract more companies amid a surge in share sales, particularly from mainland Chinese firms.

- The Hong Kong Stock Exchange has proposed reducing the market capitalization threshold for companies seeking to adopt a dual-class share structure, potentially boosting stock sales in the region.  
- Currently, companies can aim for two alternative thresholds: a simple market cap test of HKD 40 billion or a combination of HKD 10 billion market cap and HKD 1 billion revenue, with the new proposal lowering these to HKD 20 billion and HKD 6 billion, respectively.  
- The exchange is also seeking market feedback on these proposals until May 8, following a substantial increase in capital financing driven by mainland Chinese companies in 2025.

Hang Seng Index

ISHARESHSI

HS AINDTOPETF-R

Hong Kong proposes easing rules for dual-class share listings in competitiveness push

The Hong Kong Stock Exchange and Clearing Limited has proposed to optimize the mechanism for returning listing applications. If an application is returned due to incompleteness, the names of all relevant professional service institutions will be disclosed. The current regulations only disclose the identities of the listing applicants and the sponsoring banks. The new proposal requires legal advisors and reporting accountants to be publicly disclosed alongside the sponsors to ensure that the listing documents meet the publishable standards

Wallstreetcn

The Hong Kong Stock Exchange plans to optimize the mechanism for returning listing applications

Hong Kong is expanding its 'name-and-shame' policy to include law firms and auditors linked to substandard listing applications. This initiative aims to enhance accountability and improve the quality of submissions to the Hong Kong Stock Exchange, reflecting the city's commitment to maintaining the integrity of its financial markets and deterring negligence among stakeholders.

ISHRS Us Brokers & Sec Exchg

Hong Kong to Broaden 'Name-and-Shame' Policy for Listing Applications

Hong Kong Exchanges and Clearing (HKEX) has announced significant listing reforms aimed at attracting smaller and innovative firms. The proposed changes include lowering the minimum valuation for companies under the weighted voting rights regime to HK$20 billion (US$2.6 billion) and reducing the market capitalization for revenue-based listings to HK$6 billion. These reforms build on the success of 2018 changes and are designed to enhance Hong Kong's appeal as a fundraising hub, especially as investors seek to diversify their assets in the region. Feedback on the proposals will be collected until May 8.

- Hong Kong Exchanges and Clearing Limited (HKEX) announced its largest listing reform since 2018, relaxing requirements for innovative companies to increase market diversity.  
- The minimum market capitalization for listings under the weighted voting rights system will be reduced to HKD 20 billion (USD 2.6 billion), while the threshold for income-based listings will drop to HKD 6 billion, with recent revenue of HKD 600 million.  
- These changes aim to enhance Hong Kong's appeal as a financing hub while collecting stakeholder feedback until May 8.

SCMP

Developing|HKEX unveils biggest listing reforms since 2018 to lure small innovative firms

HKEX Floats Plan on Lower Thresholds for Dual-Class Listings

HKEX Floats Plan on Lower Thresholds for Dual-Class Listings

Today’s Key News Recap

0203 | Dolphin Research Focus: Macro/Industry. In early trading, Hong Kong stocks plunged on unverified tax rumors about revising the High-Tech Enterprise qualification and raising tax rates for internet and gaming. Against the backdrop that VAT changes for the telecom sector have already taken effect, the chatter quickly spread.It triggered a broad selloff across HK tech, internet, and gaming. Valuations were hit in the short term, risk aversion spiked, and funds rotated to safety.Dolphin Research has issued a First Take on this. See 'China ADRs: Tax Hike Rumor — The rationale behind the false alarm'...

Webull

Tesla

Alphabet - C

Alphabet

HKEX-R

Uber Tech

Palantir Tech

EASTROC

EASTROC BEVERAGE

WEBULL CORPORATION C/WTS 10/04/2030(TO PUR COM)

Tax-hike rumors rattled the market; Dongpeng Beverage's debut was 'lukewarm' | Daily News Recap

0109 | Dolphin Research Focus. 🐬 Macro/Industry 1) HKEX announced it will add six stock options effective Jan 19, covering names such as Zijin Gold Intl, Laopu Gold, and Horizon Robotics.The additions broaden derivatives choices and offer more risk management tools. They should also help lift liquidity in the underlying names.🐬 Single Stock 1) $Taiwan Semiconductor(TSM.US) TSMC reported Dec revenue of NT$335.03bn, down 2.5% MoM but up 20.4% YoY. 2025 YTD revenue rose 31.6% YoY...

Apple

Taiwan Semiconductor

JD-SWR

JD HK SDR 10to1

LAOPU GOLD

Laopu Gld HK SDR 50to1

Direxion Auspice Broad COM

TSM Q4 rev. seen >NT$1 tn; GOOGL integrates Gemini into Gmail | Daily News Recap

Baidu

Hot topic

Appraisal value

Long-rumored Kunlun Chip spin-off is now official as $Baidu(BIDU.US) announced it.On Jan 2, BIDU proposed to spin off Kunlun Chip Technology for an independent listing on the HKEX Main Board, while retaining control (59.45%).BIDU has filed confidentially, and the detailed prospectus is not yet public.Based on available information, Dolphin Research will first outline a few key questions.1. Kunlun Chip's origins and evolution? It traces back to BIDU's FPGA accelerator project launched in 2011...

BIDU-SWR

BIDU-SW

Baidu HK SDR 10to1

BIDU ADR US

Kunlun Chip IPO fast-tracks: Is BIDU's Google moment here?

1209 | Dolphin Research Focus: 🐬 Macro/Industry 1) Hong Kong Exchanges and Clearing Ltd. (HKEX) announced the HKEX Tech 100 Index, tracking the 100 largest Southbound Stock Connect-eligible tech names across six themes, including AI, biotech, and autonomous driving. The index fills a gap for a broad-based vehicle covering diversified China tech in HK and could attract more southbound flows.🐬 Single Stock 1) $NVIDIA(NVDA.US). Trump posted on Truth Social...

NVIDIA

Allianzim US Large Cap Buffer10 Mar ETF

POP MART

Bio-Techne

Mirae Asset Global Investments Co., Ltd.

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Morgan Stanley

LEAPMOTOR

LI AUTO-W

NIO-SW

XPENG-W

POP MART HK SDR 20to1

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

Li Auto

NIO Inc. USD OV

NIO Inc

XPeng

HKEX debuts flagship Tech Index; NVDA H200 cleared for China exports | Daily News Recap

禾赛科技

Conference Minutes

The collaboration with BYD currently covers more than ten models, and more new models will gradually achieve mass production from 2025 to 2026.

Bloomage Biotech

Renaissance Ipo

Hello

Hesai

Pony AI

PONY-W

HESAI-W

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

Hesai (3Q25 Minutes): Lidar shipments are expected to reach at least 2 million to 3 million units by 2026

1030 ｜Dolphin Research Focus: 🐬 Macro/Industry 1. On October 29th, Eastern Time, the Federal Reserve announced its second rate cut of the year by 25 basis points, lowering the interest rate range to 3.75%-4%, and scheduled to end the balance sheet reduction on December 1st. However, the decision saw rare dissent, with one vote advocating for a 50 basis point cut and one vote opposing the rate cut. Powell stated that a rate cut in December is 'far from certain.' U.S. stocks rose first and then fell, with increased uncertainty in December's policy, coupled with high valuations in U.S. stocks, sector rotation may intensify. It is necessary to closely monitor subsequent employment and inflation data...

CTG DUTY-FREE

BYD COMPANY

SSE Index

Meta Platforms

Microsoft

BOE VARITRONIX

Amazon

Coinbase

OpenAI

Destiny Tech100

BYD Company Limited

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company

The US-China meeting ends with market volatility; Google and Meta experience 'two different worlds' after hours | Today's Important News Recap

0324 ｜ Dolphin Research focuses on: 🐬 Macro/Industry 1. The first batch of individual stock leveraged and inverse products in Asia has been listed on the Hong Kong Stock Exchange, marking a significant development in the ETP field for the Hong Kong Stock Exchange, as Asian investors can now go long or short on popular U.S. stocks with 2x leverage during the day. The first batch of individual stock leveraged and inverse products includes several popular stocks, including NVIDIA and Tesla. 2. The National Press and Publication Administration is publicly soliciting opinions on the &#34;Regulations on Promoting National Reading (Draft for Comments).&#34; It mentions that the country is implementing a national reading promotion strategy...

Direxion Semicon Bull 3X

The first batch of leveraged and inverse ETFs for US stocks in Asia has arrived; BYD will announce its financial report tonight | Review of today's important news

$HKEX(00388.HK) hit a new high since October 2024. Earnings report will be released tomorrow, and today's Hong Kong budget also introduced a series of supportive measures. How can you not be bullish? Budget highlights: 1. Improve the trading unit system.Interpretation: Hong Kong stocks may no longer trade in board lots, which could better match the liquidity characteristics and investment needs of different sized stocks, facilitating trading and improving efficiency. Simply put, the entry barrier for some very expensive stocks will be lowered. 2. Listing reform - review listing requirements and post-listing continuous obligations; examine listing rules and arrangements to improve approval processes; optimize dual-primary listing and secondary listing thresholds.Interpretation: Simplify procedures to attract more companies to IPO in Hong Kong, and even learn from the US by introducing an OTC mechanism after delisting - meaning you can make money from IPOs and still profit after delisting.3. Expand into ASEAN and Middle East markets - strengthen promotion in ASEAN and Middle East, explore cooperation opportunities including ETF listings, increase recognition of overseas exchanges, and facilitate more overseas companies to conduct secondary listings in Hong Kong.Interpretation: This is self-explanatory - the Middle East is swimming in oil money, who wouldn't want a piece? 4. Promote more private equity funds listing in Hong Kong.Interpretation:More flexibility in issuance and listing of structured products, continuing to make money.5. Technical support for T+1 securities settlement cycle by year-end.6. Implement paperless securities market system by early 2026.Interpretation: This... no comment

$XTALPI(02228.HK) plans to go to the rooftop of HKEX to cool down and think...

XTALPI

【00325 Buluke - Lottery Results Announcement Notice】As the HKEX FINI system has not yet provided the lottery results for【00325 Buluke】, the entire market has not announced the lottery results.$BLOKS(00325.HK) The damn HKEX is down, everyone just stay calm.

BLOKS

BP-HKEX@EC2609B(27219.HK)

STOCKS | Mixed Performance in Hong Kong ADRs

Hong Kong Exchange Proposes Looser Listing Rules -- Update

JPMorgan Chase & Co's long position in H-shares of Tianqi Lithium increases to 8.17% on Mar 10 from 7.45%, HKEX shows

BlackRock Inc's long position in H-shares of China International Capital decreases to 4.87% on Mar 9 from 5.36%, HKEX says

Blackrock Inc's Long Position In ASMPT Decreases To 4.99% On Mar 9 From 5.34%, HKEX Shows