MS#HKEX RC2804A

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

Hong Kong SFC and HKEX Further Strengthen Financial Market Infrastructure

Qianhai Authority Releases Policy for Low-altitude Economy Industry Development

HKEX OTCClear and Swap Connectivity's Clearing Volume Reached New High in Q1 2026

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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.

Tip Ranks

Hong Kong Exchanges and Clearing (HKEX)

HKEX

Citigroup

HKEX-R

United Overseas Bank (UOB)

CITIGROUP INC 6.250 NON CUM SER II PFD WI

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

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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

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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)

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Tianhong Hang Seng TECH ETF(QDII)

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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

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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.

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Hong Kong exchange tightens rules to avoid auditor shopping

Hong Kong Exchanges and Clearing (HKEX) has proposed to halve the cash settlement cycle for share trading from T+2 to T+1 by Q4 2027 to enhance market efficiency and liquidity. This change would apply to various financial instruments and aims to align Hong Kong's market with international standards. HKEX CEO Bonnie Chan emphasized the importance of this transition for competitiveness. The proposal follows a previous suggestion and is part of broader reforms to strengthen Hong Kong's financial profile, including clearer guidelines for overseas companies seeking secondary listings.

- HKEX has proposed to halve the cash settlement cycle for stock trading to enhance market efficiency and liquidity, transitioning to a "T+1" system by Q4 2027.  
- This change will apply to stocks, exchange-traded products, structured products, real estate investment trusts, and listed debt securities, strengthening Hong Kong's competitive position globally.  
- The consultation period for this reform will conclude on May 18, and industry feedback is encouraged as HKEX aims to align with international standards in financial markets.

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HKEX proposes halving settlement cycle to boost Hong Kong’s financial profile

The Hong Kong Exchanges and Clearing (HKEX) has proposed to shorten the settlement cycle for the Hong Kong stock cash market from T+2 to T+1, with plans to implement it in the fourth quarter of 2027. The consultation period is four weeks, ending on May 18. T+1 will apply to exchange transactions in the secondary market, including stocks, structured products, and debt securities. HKEX encourages market participants to assess their operational readiness in advance and will revise relevant rules after determining the final operating model. The CEO of HKEX stated that T+1 will enhance the core competitiveness of the Hong Kong market

The Hong Kong Exchanges and Clearing (HKEX) proposed to implement T+1 in the fourth quarter of 2027 and consult the market for four weeks

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...

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

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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...

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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...

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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.

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Renaissance Ipo

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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...

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Microsoft

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

MS#HKEX RC2804A(55673.HK)

MS#HKEX RC2804A Stock Performance Chart

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

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%

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

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