CT-HKEX@EC2701A

HK SFC and HKEX Issue Guidelines to Assist Issuers in Preparing for Paperless Market

HKEX Reduces Minimum Price Tick, Plans Shorter Settlement Cycle and Partners with SZSE on Fund Platform

CME Plans AI Compute Futures Launch; HKEX Remains Silent

JPMorgan Raises MSCI Hong Kong Index Target to 16,500 Points on Positive Fundamentals

HKEX Launches Market Consultation for Shortening Equity Spot Market Settlement Cycle from T+2 to T+1

HKEX Implements Optimized IPO Pricing and Allocation Mechanism

HKEX 新规要求上市公司更换审计机构需详细披露

JPMorgan Cuts HKEX Target Price and Updates Projections

JPMorgan Raises Profit Forecast for HKEX and Maintains Overweight Rating

HKEX Discloses 604% Year-on-Year Increase in IPO Proceeds in First Four Months of 2026

Hong Kong Pushes Five-Year Plan to Align with National Strategy and Boost Global Competitiveness

HKEx Announced 2026 First Four Months Average Daily Volume of Futures and Options Contracts

LME CEO: Hong Kong Warehouse Growth Exceeds Expectations, 1-2 New Warehouses Expected by Year-End

Morgan Stanley Raises Target Price and Rating for HKEX

JPMorgan Upgrades Hong Kong Exchanges to 'Overweight' with Target Price of HKD 535

HKEX Studies Optimization of Market Volatility Regulation Mechanism

HSBC Raises Hong Kong Exchanges Target Price to HKD 528, Maintains Buy Rating

HKEX Reports Exceeding Expectations with Significant Growth in First Quarter Revenue and Profit

UOB Kay Hian Raises Target Price for HKEX to HKD 556

HKEX CEO Chen Yiting Emphasizes Diversification of Securities Market

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

HKXCY

00388

SPCX

Marking its 40th anniversary, the Hong Kong Stock Exchange (HKEX) highlights its evolution into a global fundraising hub. Driven by the AI boom and memory chip supercycle, HKEX led worldwide in hi-tech IPOs from July to May, raising $17.44 billion. Despite competition from US and mainland markets, including potential major listings like SpaceX, HKEX proposes reforms to maintain competitiveness. Industry leaders view Hong Kong as a key offshore platform for China's tech sector, supported by strong international investor interest.

SCMP

Hong Kong Exchanges and Clearing (HKEX)

HKEX

SpaceX

iShares Semiconductor ETF

Roundhill Memory ETF

Fidelity MSCI Financials Index

GTJA Allianz SSE STAR Chip Design Thematic ETF

First Trust Nasdaq Food & Semicon

Guotai CSI All Share Integrated Circuit ETF

SPDR S&P Semicon

ISHRS Us Brokers & Sec Exchg

VG Financial

VanEck Semiconductor ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

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

Yinhua CSI All Share Investment Banking & Brokerage ETF

Invesco Semiconductors ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Ping An CSI Consumer Electronic Theme ETF

Guotai CES Semiconductor Chip Industry ETF

Financial Select Sector SPDR Fund

XL2CSOPHYNIX

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Direxion Semicon Bull 3X

Guotai CSI All Share Investment Banking & Brokerage ETF

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

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HKEX has announced a trading fee waiver for its USD Gold Futures, effective from July 6, 2026, to June 30, 2027. The waiver aims to boost initial liquidity and market participation for the previously inactive contract. HKEX's Head of Markets, Gregory Yu, emphasized that this initiative will support future product enhancements and market development.

AASTOCKS News

EFUND GOLD MI-U

EFUND GOLD MI-R

HKEX-R

HKEX Waives Trading Fees for USD Gold Futures

The Hong Kong Investor Rights Concern Group has urged HKEX to suspend CREALITY's IPO due to significant deficiencies in its prospectus, particularly regarding ongoing intellectual property litigation. Key issues include unfavorable patent infringement litigation with Artec Europe and copyright disputes with MakerWorld, which could adversely affect Creality's growth strategy. The group emphasizes the challenges of unwinding an IPO once completed.

CREALITY

HK Investor Rights Concern Group Urges Suspension of CREALITY (03388.HK) IPO

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Approximately 10 foreign firms, including those from Southeast Asia and Europe, have filed for listings in Hong Kong, marking the highest interest since 2020. This surge is driven by the city's robust IPO market, which raised $36.4 billion from 110 local firms in 2025. The listings span various sectors, indicating a structural shift in international companies seeking to enter the Hong Kong market, which is now appealing to firms without direct ties to China.

fidelity

Hang Seng Index

FL2 CSOP HSI

ISHARESHSI

TRACKER FUND

CSOP HSI ETF

FI CSOP HSI

FI2 CSOP HSI

PRADA

SAMSONITE

Citigroup

Samsonite

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Foreign firms eye Hong Kong listings as IPO rebound broadens

Grown Up Group Investment Holdings Limited plans to amend its memorandum and articles of association to comply with updated HKEX regulations regarding hybrid meetings and electronic voting. Shareholders will vote on these changes at the upcoming annual general meeting, which aims to enhance governance and streamline participation.

Tip Ranks

GROWN UP GROUP

Grown Up Group Plans New Memorandum and Articles to Meet Latest HKEX Rules

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JPM has raised its MSCI Hong Kong Index target to 16,500, citing a 13% year-to-date increase driven by broad-based recovery in real estate, financials, and consumption. The bank upgraded the real estate sector to Overweight and highlighted top picks including HKEX, AIA, TECHTRONIC IND, SHK PPT, and LINK REIT. The index is currently trading at 15.3x forward P/E, with expected EPS growth of 16% and 5.4% for 2026 and 2027, respectively.

TECHTRONIC IND

SHK PPT

LINK REIT

JPM Raises MSCI Hong Kong Index Base TP to 16,500; Top Picks HKEX , AIA , TECHTRONIC IND , SHK PPT , LINK REIT

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HKEX is set to announce details of a new gold futures regime, including contract design and mechanism enhancements, while maintaining physical delivery. The exchange is currently reviewing its existing gold futures products. HKEX shares recently traded at HKD410.6, down 1.39%.

ChinaAMC Gold ETF

VanEck Gold Miners ETF

HKEX Said to Unveil Details of New Gold Futures Regime Shortly

JPMorgan has updated its forecasts for HKEX, raising EPS estimates for FY2026 to FY2028 by 2% due to higher net investment income and trading fees. The Overweight rating is maintained, but the target price for June 2027 is lowered from HKD535 to HKD510. Projected average daily turnover in securities is expected to reach HKD546 billion, HKD588 billion, and HKD622 billion from 2026 to 2028. The target price cut reflects a reduction in the valuation multiple from 36.2x to 33.5x, with EPS forecasts remaining 1% to 2% below market consensus.

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

JPM Cuts HKEX  TP to HKD510, Raises EPS Forecast, Maintains Overweight

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Asia Tele-Net and Technology Corporation Limited has announced its intention to reappoint Deloitte Touche Tohmatsu as its auditor for 2026, following updated HKEX guidance on auditor disclosure. The proposed audit fee is between HK$1.5 million and HK$1.6 million, consistent with the previous year. This decision reflects the company's governance arrangements and aims to ensure continuity in financial reporting oversight. Asia Tele-Net, listed in Hong Kong, operates under HKFRS Accounting Standards and is overseen by a board of directors.

ASIA TELE-NET

Asia Tele-Net Seeks Deloitte Reappointment as Auditor Under Updated HKEX Guidance

Today’s Key News Recap

0428 | Dolphin Research Focus: 🐬 Macro/Industry. 1) The CPC Politburo met on Apr 28 to assess the current economy and economic work.It said the economy remains broadly stable with a solid start, and recovery resilience continues to build. However, endogenous momentum still needs consolidation, and the foundation for the upturn is not yet firm.The meeting reaffirmed the principle of seeking progress while maintaining stability. Policy will stay proactive on the fiscal side and prudent on the monetary side, using targeted measures to stabilize the macro backdrop.Priorities include boosting domestic demand and defusing property and local gov. debt risks in an orderly manner. It will also push forward 'AI+' and other industrial upgrade initiatives...

TENCENT

Tencent Holdings Limited

TENCENT-R

Tencent

CATL

Robinhood

Luckin Coffee

Coca Cola

BYD COMPANY

BYD COMPANY-R

BYD HK SDR 10to1

BYD Company Limited

BYD Company

EASTROC BEVERAGE

EASTROC

Tencent HK SDR 10to1

CATL HK SDR 30to1

CATL's discounted equity raise rattles market; Tencent Cloud up for a third straight session YTD | Daily News Recap

For myself, I would rather add bank than short it. This is in context of the local big bank which I had crash bought back during the COVID panic. For long term hold, accumulation on opportunity is my preference.

🇺🇸🇭🇰🇸🇬 Big moves across US, HK, SG markets. Join the chat &amp; earn Task Coins!

NVIDIA

Western Digital

Alphabet - C

Alphabet

Seagate Tech

Keppel DC Reit

Amazon

Microsoft

Meta Platforms

CNOOC

XIZHI TECH-P

ST Engineering

CapLand IntCom T

Suntec Reit

First Reit

SingTel

OCBC Bank

☕️ [Task Coins Giveaway] Daily Market Talk

Keppel Reit

Keppel

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

Direxion Daily AMZN Bull 2X Shares

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

Uber Tech

Palantir Tech

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

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

CT-HKEX@EC2701A(29698.HK)

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

HKEX Waives Trading Fees for USD Gold Futures

HK Investor Rights Concern Group Urges Suspension of CREALITY (03388.HK) IPO

Foreign firms eye Hong Kong listings as IPO rebound broadens

Grown Up Group Plans New Memorandum and Articles to Meet Latest HKEX Rules