BP#HKEX RC2803U

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

Citibank Raises Target Price for HKEX to HKD 530

Goldman Sachs Maintains 'Buy' Rating and Sets Target Price for Hong Kong Exchanges

HKEX released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue HKD 8.203 B (forecast HKD 7.522 B), actual EPS HKD 4.09 (forecast HKD 3.6013)

JPMorgan Increases Holding in Hong Kong Exchanges and Clearing

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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.

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HKEX

JPMorgan Chase

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JPMorgan Chase & Co.

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Hong Kong Exchanges and Clearing (HKEX)

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.

Tip Ranks

ASIA TELE-NET

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

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Hong Kong's IPO fundraising surged to HK$151.4 billion in the first four months, a 604% increase year-on-year. Data from Hong Kong Exchanges and Clearing indicates 49 new listings, up 158% from 19 listings in the same period last year.

CoinLive

Hong Kong IPO Fundraising Surges 604% in First Four Months

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Hong Kong's stock market experienced significant growth in 2026, with total market capitalization reaching 48 trillion Hong Kong dollars, a 24% year-on-year increase. The average daily trading value in April was 253.5 billion Hong Kong dollars, and for the first four months, it was 271.1 billion, up 8% from the previous year. Additionally, 49 new companies were listed, a 158% increase, and IPO fundraising amounted to 151.4 billion Hong Kong dollars, a 604% rise year-on-year.

Hang Seng Index

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Hong Kong Stock Market Sees Growth in 2026

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Hong Kong Exchanges and Clearing (HKEX) plans to relaunch gold futures to establish the city as an international gold trading hub amid market volatility. The exchange's head, Gregory Yu, indicated that the proposal aims to meet investor demand for risk diversification due to geopolitical tensions. Previous attempts to launch gold futures in 2008 and 2017 failed due to low liquidity. HKEX will consult stakeholders to refine contract designs and improve delivery mechanisms, as gold prices fluctuate significantly amid global conflicts.

Gold.com

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Direxion Daily Jr Gold Miners Bull 2X

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YieldMax Gold Miners Opt Inc Strgy ETF

VanEck Junior Gold Miners ETF

Sprott GLD Miners Etf

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EFUND GOLD MI ETF

GLOBAL X Gold Explorers

iShares MSCI Global Gold Miners

ChinaAMC Gold ETF

Thomson Reuters

Hong Kong bourse proposes to revive gold futures as volatility grips market

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The Hong Kong Exchange plans to relaunch gold futures trading, its fourth attempt since 1980, due to past challenges with low trading volumes and liquidity. The government is enhancing the clearing system, expanding storage capacity, and offering tax incentives to create a robust ecosystem for physical delivery and leverage the untapped 'Asian gold pricing power.'

EFUND GOLD MI-R

PRECIOUS METALS | Hong Kong Exchange Plans to Relaunch Gold Futures Trading

HKEX CEO Bonnie Chan announced at the LME Asia Metals Seminar that the number of LME-approved warehouses in Hong Kong has reached 15, nearing saturation. She noted that geopolitical tensions are leading global investors to diversify their allocations, increasing capital flows to Asia and the Hong Kong market, which shows significant growth potential. This trend has positively impacted both Hong Kong's capital markets and the LME non-ferrous metals market.

HKEX Bonnie Chan: No. of LME-Approved HK Warehouses Nearing Saturation; Geopolitical Tensions Drive Capital to HK Mkt

Morgan Stanley has raised its target price for HKEXfrom HKD510 to HKD515 while maintaining an Overweight rating. The broker slightly adjusted its forecasts for derivatives ADV, expecting futures and options ADV to grow by 6% and 10% YoY this year. Additionally, EPS forecasts for HKEX for 2026-28 have been increased by 1.7%, 1%, and 0.4%, with predicted EPS growth of 2.8%, 6.8%, and 6.9% over the same period.

Morgan Stanley

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M Stanley Raises HKEX  TP to HKD515, Maintains Overweight

JPMorgan's report reveals that the Hong Kong Exchangeachieved a net profit of 5.2 billion yuan in Q1, marking a 20% quarter-on-quarter increase and a 27% year-on-year rise. This profit surpassed expectations by 9%, driven by strong performance across all business segments. The trading volume of securities and derivatives remained robust, and the stock is expected to respond positively. JPMorgan has assigned an 'overweight' rating to the exchange with a target price of 535 Hong Kong dollars.

Hong Kong Exchange's Q1 Net Profit Surpasses Expectations

BP#HKEX RC2803U(57597.HK)

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