Market Chatter: Hong Kong Bourse Reviewing 106 IPO Applications
Li Ying of Hong Kong Exchanges and Clearing: companies under sanctions may still be able to have IPOs in Hong Kong.
The Joint Chief of Initial Public Offering Examination at hkex(00388) Liu Ying pointed out that according to the listing guidelines of hkex, sanctioned companies may not necessarily be unable to IPO in Hong Kong.
CITIC Lyon: Maintains a "outperform" rating for HKEx (00388), and the target price has been raised to HKD 287.
CICC has revised its profit forecast for HKEX (00388) in 2024 and 2025, up by 6% and 2% respectively.
Hong Kong Exchanges & Clearing's Earnings Appear to Be Bottoming Out -- Market Talk
Hong Kong Exchanges & Clearing Target Price Cut to HK$310.00 From HK$317.00 by UOB KH >0388.HK
Citigroup: downgrade Hong Kong Stock Exchange (00388) to "sell" rating, target price lowered to HKD 230.
Citigroup has lowered its earnings per share forecast for Hong Kong Exchanges and Clearing (0388.HK) by 1% to 3% for the fiscal years 2024 to 2026.
Hong Kong Exchanges & Clearing Target Price Cut to HK$230 From HK$240 by Citigroup >0388.HK
Ba Shusong: RMB has become a currency anchor for some Central Asian and Southeast Asian countries.
"China and Global Economic Forum in 2024" will be held on July 20th, with the theme of "China power and the new chapter of global economy: development and prospects". Ba Shusong, Managing Director and Chief China Economist of Hong Kong Exchange, Chief Economist of China Banking Association, and Executive Dean of HSBC Business School, Peking University attended the forum and delivered a speech. Regarding the internationalization process of the yuan (mmf), Ba Shusong pointed out that by observing recent economic data, it can be found that the growth of yuan (mmf) settlement in the field of trade settlement is very rapid, but it is decreasing in the use of investment and reserve currency, which forms a contrast. In addition, in
Express News | HKEX - Will Allow Public Joint Stock Cos With Primary Listing on These 2 Exchanges in UAE to Apply for Secondary Listing in Hong Kong
Express News | HKEX - Adds Abu Dhabi Securities Exchange and Dubai Financial Market as Recognised Stock Exchanges
HKEX (00388): all of its systems, including the trading and settlement systems, are operating normally.
Jingwu Finance News | Due to the global malfunctioning of Microsoft's operating system Windows, many airlines, banks, media institutions, and London Metal Exchange (LME) have also been affected. Hong Kong Stock Exchange (00388) responded that all its systems (including trading and settlement systems) are operating normally.
Dahua Jixian: Maintains a "buy" rating for HKEX (00388), with a target price lowered to HKD 310.
Ji-Xian Dahua lowers its Hong Kong Exchange's forecasted net profit growth to 11% YoY for Q2 2024.
Express News | London Metal Exchange Says Its Systems Are Unaffected by the Global Cyber Outage, Monitoring Situation
Hong Kong stocks fluctuate | Hong Kong Stock Exchange (00388) fell more than 3% at the end of the day, and the turnover of Hong Kong stocks in June shrank. The total amount of funds raised is still at a historical low.
At the close, Hong Kong Exchanges and Clearing (00388) fell more than 3%, as of publication, down 2.83%, at HKD 247, with a turnover of HKD 1.068 billion.
Stock market situation: Hong Kong Exchange and Clearing Limited (00388) rose more than 3%, and its earnings for mid-August will be released. CICC predicts that its Q2 profit will increase by 7% YoY.
Hong Kong Exchanges and Clearing Limited (00388) has risen by over 3%. As of press time, it has risen by 3.07% to HKD 248.8 with a turnover of HKD 0.916 billion.
CICC: Maintains "outperform" rating on HKEX (00388) with a target price of HKD 310.
CICC predicts that in the second quarter, the main fee income of HKEX will increase by 9% year-on-year and quarter-on-quarter, raising its profit forecast for this year by 3% to 12.6 billion yuan, and raising it by 2% to 13.6 billion yuan next year.
Charles Li, CEO of HKEX (00388), announced that HKEX is preparing to launch 10-year treasury futures.
King Wencun News | Charles Li, the CEO of Hong Kong Stock Exchange (00388), said in a forum speech that the company is actively preparing to launch 10-year Treasury bond futures in Hong Kong. He believes that this can provide another tool for international investors to manage the interest rate risk of RMB assets, attract more foreign investment in the Chinese bond market, and promote the further opening of the Chinese financial market and the internationalization of RMB. Li pointed out that Bond Connect is an important bridge connecting domestic and foreign financial markets, and in the past year, he saw a significant increase in foreign holdings of Chinese bonds, with overseas institutions holding a scale of 4.3 trillion yuan (RMB) in Chinese interbank bonds.
BeiShui trends: net buying of 2.175 billion yuan by BeiShui, added position in Cosco Shipping Holdings (01919) after the sharp drop, and Hong Kong Exchanges and Clearing (00388) was sold off.
On July 8th, the Hong Kong stock market saw a net buying of 2.175 billion Hong Kong dollars by northern funds, of which the trading volume of the Hong Kong Stock Connect (Shanghai) was a net buying of 0.916 billion Hong Kong dollars, and that of the Hong Kong Stock Connect (Shenzhen) was a net buying of 1.259 billion Hong Kong dollars.
Southern funds continued to increase their positions in China Construction Bank and Industrial and Commercial Bank of China, while reducing their positions in HSBC and Hong Kong Stock Exchange.
Southbound funds net bought Hong Kong stocks with a total of 2.175 billion Hong Kong dollars today. Among them: China Mobile net bought 0.203 billion, China Construction Bank net bought 0.167 billion, COSCO Shipping Holdings net bought 0.145 billion, and Industrial and Commercial Bank of China net bought 0.132 billion; HSBC Holdings net sold 0.225 billion, HKEX net sold 0.217 billion, Meituan net sold 0.158 billion. According to the statistics, Southbound funds have net bought China Construction Bank for 15 consecutive days, with a total of 6.86383 billion Hong Kong dollars; and net bought Industrial and Commercial Bank of China for 14 consecutive days, with a total of 6.25877 billion Hong Kong dollars.
hkex (00388): Securities market average daily turnover in June was 111.2 billion yuan, an increase of 11% year-on-year.
HKEX (00388) announced that the market capitalization of the securities market was 32.1 trillion yuan at the end of June 2024. The average daily turnover in June was 111.2 billion yuan, an increase of 11% compared to 99.8 billion yuan in the same period last year. The average daily turnover for the first half of the year was 110.4 billion yuan; the average daily turnover of trading funds on the exchange was 11.9 billion yuan, a 2% increase from the same period last year; the average daily turnover of leveraged and inverse products was 2.4 billion yuan, a 9% increase from the same period last year; the average daily turnover of bonds was 0.53 billion yuan, an increase from the same period last year.
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