GJ-HKEX@EP2610A

Hong Kong Exchanges Reports Q1 2026 Earnings on April 29

Morgan Stanley Predicts HKEX's Q1 Revenue and Profit Growth

HKEX Updates Auditor Appointment Rules to Enhance Audit Independence

HKEX to Release FY2026 Q1 Earnings on April 29 Pre-Market (BJT), Forecast Revenue HKD 7.556 B, EPS HKD 3.6154

HKEX Releases Optimized Listing System for Structured Products

HKEX Proposes Shortening HK Stock Market Settlement Cycle to T+1

HKEX Plans to Extend Derivatives Trading Hours, Spot Market Faces Challenges

HKEX Tightens Rules for Changing Auditors of Listed Companies

HKEX Pushes for Listing Mechanism Reform Allowing Confidential Submissions

HKEX Proposes to Modify Trading Processes to Support T+1 Settlement

HKEX Plans to Extend Settlement Related Service Hours

HKEX Proposes to Relax Rules for Differential Voting Rights IPOs, Supported by the Hong Kong Securities and Futures Association

Goldman Sachs Downgrades HKEX Target Price and Adjusts Financial Projections

CICC forecasts HKEX's Q1 revenue up 8% and profit up 9%

Starjoy Wellness and Travel Completes Required Director Training by HKEX

UBS forecasts HKEX's Q1 2026 earnings

CSC Financial analyst maintains Strong Buy rating on HKEX and sets price target

CICC Maintains Buy Rating on HKEX with Target Price of HKD 500

Hong Kong's Deputy Secretary for Financial Services Proposes Revision to Unified Settlement and Tax Payment in Renminbi

HKEX reports Q1 2026 average daily volume of 1.8 million futures and options contracts

QIANHAI HEALTH

GW TERROIR

AV CONCEPT HOLD

LINK HOLDINGS

TR INTERIORS

LIFE CONCEPTS

GUANZE MEDICAL

TRANSTECH

HK CHINESE LTD

PRODUCTIVE TECH

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HKEXis set to announce its 1Q26 results on the 29th of this month. The company is expected to report a net profit between HKD4.429 billion and HKD4.841 billion, reflecting a YoY increase of 8.6% to 18.7%. Revenue is forecasted to range from HKD7.397 billion to HKD7.827 billion, up 7.9% to 14.1% YoY. Investment ratings from seven brokers suggest a positive outlook, with most recommending a 'Buy' rating. Investors are keen on management's operational guidance and market reform initiatives amid geopolitical and monetary policy volatility.

AASTOCKS News

HKEX

Citigroup

HSBC HOLDINGS

HSBC

Bank of America

Morgan Stanley

CICC

UBS Group AG

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

CITIGROUP INC 6.250 NON CUM SER II PFD WI

HSBC 5xShortSG241213

HSBC Holdings Plc

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

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

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

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

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

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

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

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

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

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

HKEX  Investment Ratings and TPs (Table) (Update)

M Stanley forecasts HKEXto achieve a 12% profit increase and 10% revenue growth YoY in 1Q26, driven by strong average daily turnover (ADT) of HKD277 billion, up 14% YoY. IPO fundraising is expected to surge 489% YoY to HKD110 billion with 40 new listings. However, net investment income is projected to decline to HKD1.065 billion due to lower interest rates. M Stanley sets a target price of HKD512 on HKEX with an Overweight rating.

M Stanley Expects HKEX  1Q26 Profit to Rise 12% on Strong ADT and IPO Pipeline

ALSCO Pooling Service Co., Ltd. has announced guidance from the Hong Kong Stock Exchange regarding the resumption of trading in its H shares, which were suspended due to concerns over a RMB73 million term loan. The company must conduct an independent forensic investigation, assess the impact on its business, and take remedial actions to restore transparency. Additionally, ALSCO is required to demonstrate management integrity, commission an internal control review, publish outstanding financial results, and ensure compliance with listing rules to safeguard investor confidence before trading can resume.

Tip Ranks

ALSCO POOLING

ALSCO Pooling Service Outlines HKEX Guidance for Trading Resumption

Momenta has completed approximately $500 million in Pre-IPO financing and has secretly submitted an IPO application to HKEX. The investors in this round include well-known private equity firms such as UAE Stone Venture, Gaorong Capital, and Gaocheng Capital

Wallstreetcn

Momenta completes approximately $500 million Pre-IPO financing, has secretly initiated IPO prospecting

HKXCY

UOB Kay Hian analyst Kenny Lim has maintained a Buy rating on Hong Kong Exchanges & Clearing (HKXCF) with a price target of HK$545.00. Lim, a 3-star analyst with a 72.73% success rate, follows a similar Buy rating from Citi, which set a price target of HK$525.00 in a report on April 14.

United Overseas Bank (UOB)

Hong Kong Exchanges & Clearing (HKXCF) Receives a Buy from UOB Kay Hian

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On April 21, the Hong Kong stock market closed with the Hang Seng Index and the National Enterprises Index both rising, while the Hang Seng Technology Index slightly retreated. The technology growth sector surged strongly, with consumer and some electronic stocks active. Mainstream funds flowed around popular growth and new consumption directions, showing a clear structural differentiation in market styles. Investors are paying attention to macroeconomic conditions and policy risks, with high-quality blue chips and policy-benefiting sectors receiving a defensive allocation tendency

- On April 21, Hong Kong's stock indices showed divergence, with the Hang Seng Index rising 0.48% to 26,487.48 points, while the Hang Seng Tech Index slightly fell by 0.08%.  
- Significant movements included Longside Chanchin's rise of over 39%, indicating strong investor interest in tech growth stocks, while new consumption stocks like Auntie Ho also saw notable increases.  
- The market faces heightened volatility risks as investors remain vigilant toward changes in the macroeconomic environment and geopolitical risks.

LB Select

GPIXEL

JOYSON ELEC

AUNTEA JENNY

MANYCORE TECH

YOFC

CHINA MOBILE

Hong Kong stock market closing | The Hang Seng Index rose 0.48% to stabilize at 26,487 points, with technology growth stocks leading the gains, AUNTEA JENNY rose nearly 15%

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Hong Kong's stock exchange plans to introduce zero-day options (0DTEs) on the Hang Seng Index in early 2027, aligning with a global trend towards shorter-dated derivatives. These options, which allow traders to make tactical bets on short-term market movements, were first introduced in the US in 2022 and have significantly increased trading volume. HKEX aims to enhance its derivatives trading and compete more effectively with global exchanges, having previously expanded its offerings of weekly contracts in 2024.

Businesstimes News

FI CSOP HSI

TRACKER FUND

FI2 CSOP HSI

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng ETF

China Southern Hang Seng ETF

Hang Seng TECH ETF I

ChinaAMC Hang Seng Technology ETF(QDII)

HSTECH ETF

Tianhong Hang Seng TECH ETF(QDII)

China Southern Hang Seng ETF Feeder Fund-A

Dacheng Hang Seng Technology ETF(QDII)

ISHARESHSI

FL2 CSOP HSI

Hang Seng Index

S&P 500

Hang Seng TECH Index

Hong Kong bourse plans to start zero-day options in early 2027

HKEX optimizes the listing system for structured products, with the main product regulations taking effect on May 1, 2026, and other amendments taking effect on July 1, 2026. The minimum issuance price for warrants is reduced to HKD 0.15, and the minimum issuance price requirement for callable bull/bear contracts will be removed. The issuer qualification requirements will have a 12-month transition period, with new requirements such as the substitution stock ratio. HKEX stated that this optimization will enhance the international competitiveness of Hong Kong's structured product market and the standards of investor protection

Stheadline

HKEX optimizes the listing system for structured products, effective from May, involving the issuance prices of warrants and bull-bear certificates

HKEX Listing Director Ng Kit-hyun stated that structured products are a vital component of Hong Kong's securities market, offering risk hedging tools and enhancing market vitality. The optimized listing regime will boost the international competitiveness of Hong Kong's structured product market, foster innovation, and ensure market quality and investor protection. This reform will strengthen the resilience and flexibility of market mechanisms, support sustainable development, and enrich HKEX's multi-asset ecosystem

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Hong Kong-listed companies are now required to obtain shareholder approval to change auditors, as part of a regulatory effort to enhance corporate governance and transparency in the $7.5 trillion market. The new rules mandate that auditor appointments or removals occur only at general meetings and require disclosure of specific audit fees to prevent disputes. This move aims to close loopholes that allowed boards to pressure auditors into resigning without shareholder oversight, addressing concerns over governance failures and opinion shopping practices.

CSOP HSI ETF

中国恒大

EVERG VEHICLE

Hong Kong exchange tightens rules to avoid auditor shopping

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

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-SW

JD-SWR

JD HK SDR 10to1

JD.com

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

LEAPMOTOR

LI AUTO-W

NIO-SW

XPENG-W

POP MART HK SDR 20to1

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

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

GJ-HKEX@EP2610A(28544.HK)

HKEX Investment Ratings and TPs (Table) (Update)

M Stanley Expects HKEX 1Q26 Profit to Rise 12% on Strong ADT and IPO Pipeline

ALSCO Pooling Service Outlines HKEX Guidance for Trading Resumption

Momenta completes approximately $500 million Pre-IPO financing, has secretly initiated IPO prospecting

Hong Kong Exchanges & Clearing (HKXCF) Receives a Buy from UOB Kay Hian