SG#HKEX RP28129

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

HKXCY

159842

512880

00388

HKEX stated that it welcomes the government's reappointment of Chan Kin Por and Che Ping Kok as members of the HKEX Board, and the new appointment of Chan Kam Wing as a board member to replace the retiring Zhou Hu Mu Fang, with each term being approximately two years. HKEX indicated that Chan Kam Wing has extensive experience in the financial services industry, particularly in the field of accounting and auditing, and has been widely involved in public service work related to the securities and futures markets

AASTOCKS

Hong Kong Exchanges and Clearing (HKEX)

Yinhua CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

HKEX

HKEX: Welcomes the government's appointment of Chan Kam Wing to replace Zhou Hu Mu Fang as a board member

00373

Allied Group Limited has submitted an updated list of directors to HKEX, effective March 1, 2026. The executive directors include Lee Seng Hui (CEO), Mak Pak Hung, and Mark Wong Tai Chun. Non-executive directors are Arthur George Dew (Chairman), Akihiro Nagahara (Vice Chairman), and Lee Su Hwei. Independent non-executive directors include David Craig Bartlett, Alan Stephen Jones, Lisa Yang Lai Sum, and Kelvin Chau Kwok Wing. Various committee memberships are disclosed, with specific roles outlined for each director.

PUBT

ALLIED GROUP

Allied Group Limited Files Directors List With HKEX

Hong Kong Exchanges and Clearing (HKEX) CEO Bonnie Chan expresses optimism for capital markets in 2026 after a record financial year, with profits of HK$17.8 billion and revenues of HK$29.2 billion in 2025. The exchange regained its position as the leading venue for IPOs, with 119 new listings raising HK$286.9 billion. Despite expected volatility, Chan notes that global investors are seeking diversification in Asian assets, particularly Chinese ones, as they navigate an increasingly multipolar world. HKEX starts 2026 with over 400 active IPO applications.

FiNews

HKEX Chief: «Cause for Optimism in Capital Markets» in 2026

Geotech Holdings Ltd. has submitted its directors list to HKEX, detailing roles and functions. Hui Sai Kwong Garrison serves as the executive director. Independent non-executive directors include Chan Tsang Mo, Shen Zejing, Lawrence James Edwards, and Tam Yuk Mei. Chan chairs the Audit Committee and is part of the Remuneration and Nomination Committees. Shen is a member of all three committees, while Tam chairs the Remuneration and Nomination Committees and is also on the Audit Committee. Edwards and Garrison have no committee roles listed.

Geotech Holdings Files Directors List With HKEX

Daiwa Capital Markets maintains a "Buy" rating on HKEX, raising the target price to HKD 552. The report points out that HKEX's performance in the fourth quarter of last year was strong, with net interest income and cost control being well managed. Quarterly net profit increased by 15% year-on-year to HKD 4.3 billion, exceeding expectations. The average daily trading volume rebounded to HKD 260 billion, and future earnings are expected to be further revised upward, serving as a catalyst for valuation reassessment

Daiwa Capital Markets maintains a "Buy" rating on HKEX, raising the target price to HKD 552

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XNGSY

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ENN Energy Holdings Ltd. is undergoing a proposed privatization by Xinneng (Hong Kong) Energy Investment Limited, with plans for ENN Natural Gas Co., Ltd. to list in Hong Kong. Two pre-conditions have been met, while approvals from the Hong Kong Stock Exchange and other filings are still pending. A renewed listing application was submitted on December 17, 2025, and is currently under review.

ENN-NG

ENN Energy Holdings

ENN ENERGY

ENN Energy privatization plan awaits HKEX and CSRC approvals in monthly update

SUNeVision Holdings Ltd. has submitted an updated director list to HKEX. The executive directors include KWOK Ping-luen (Chairman), FUNG Yuk-lun (Vice Chairman), TUNG Chi-ho, and LO Ngai. Non-executive directors include CHEUNG Wing-yui (Vice Chairman) and others. The Audit Committee is chaired by WONG Kai-man, the Remuneration Committee by KING Yeo-chi, and the Nomination Committee by LI On-kwok. This information is for informational purposes only and should not be considered as financial advice.

SUNeVision Holdings Ltd. Files Director List with HKEX

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HSBC Global Research has raised its profit forecasts for Hong Kong Exchanges and Clearing for this year and next year, increasing them by 3% and 1.8% respectively, and has raised the target price from HKD 510 to HKD 520, maintaining a "Buy" rating. Hong Kong Exchanges and Clearing's earnings per share exceeded expectations in the fourth quarter and for the full year, at HKD 3.43 and HKD 14.05 respectively, with total revenue in the fourth quarter growing by 14.6% year-on-year. The bank pointed out that Hong Kong Exchanges and Clearing has significant growth potential and competitive advantages, planning to establish a comprehensive fixed income and currency ecosystem

ISHRS Us Brokers & Sec Exchg

FL2 CSOP HSI

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

A GX HSICC

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

FI CSOP HSI

FI2 CSOP HSI

FL2 CSOP HSCEI

Hang Seng Index

HSBC Research raises Hong Kong Exchanges and Clearing (HKEX) profit forecasts for this year and next, increasing the target price to HKD 520

The Bank of America Securities report indicates that the Hong Kong Exchanges and Clearing (HKEX) will have a net profit of HKD 17.8 billion for the fiscal year 2025, a growth of 36%, in line with expectations. The average daily trading volume reached HKD 250 billion, setting a new historical high. Fees related to trading volume saw strong growth, driving profitability. The fundraising scale in 2026 is expected to expand, although a slowdown in growth is considered the baseline scenario. The target price is maintained at HKD 520, reiterating a "Buy" rating

"Big Banks" Bank of America Securities: HKEX's net profit last year was roughly in line with expectations

Morgan Stanley released a report stating that the Hong Kong Exchanges and Clearing's net profit in the fourth quarter of last year increased by 15% year-on-year, exceeding market expectations. The average daily trading volume rose by 23%, driving trading fees and settlement fees to grow by 13% and 15%, respectively. Net investment income increased by 2% year-on-year and 20% quarter-on-quarter. The EBITDA profit margin was 78%, with a tax rate of 15.6%. Morgan Stanley maintains an "Overweight" rating on Hong Kong Exchanges and Clearing, with a target price of HKD 508, expecting more investment opportunities in the second half of 2026

Morgan Stanley: HKEX's quarterly results far exceed expectations, target price HKD 508

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-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

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

JD LOGISTICS

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

SG#HKEX RP28129(56049.HK)

HKEX: Welcomes the government's appointment of Chan Kam Wing to replace Zhou Hu Mu Fang as a board member

Allied Group Limited Files Directors List With HKEX

HKEX Chief: «Cause for Optimism in Capital Markets» in 2026

Geotech Holdings Files Directors List With HKEX

Daiwa Capital Markets maintains a "Buy" rating on HKEX, raising the target price to HKD 552