Core Viewpoint - Citigroup has increased its stake in Hong Kong Exchanges and Clearing Limited (HKEX), becoming the second-largest shareholder after the Hong Kong government, indicating strong confidence in the exchange's future performance [1][4]. Group 1: Shareholding Changes - Citigroup acquired an additional 225,000 shares of HKEX at an average price of HKD 417.24 per share, totaling approximately HKD 93.86 million, raising its total holdings to 63.49 million shares, which is 5% of the company [1][4]. - The largest shareholder remains the Hong Kong government with a 5.9% stake, while Citigroup surpasses JPMorgan Chase, which reduced its stake to 3.53% after selling 44.53 million shares last year [4]. Group 2: Market Activity and Fund Involvement - The Hong Kong stock market has seen increased activity this year, with net inflows from southbound funds exceeding the total for the previous year, and IPO financing returning to the top globally [2][4]. - Various asset management firms, including E Fund and GF Fund, hold shares in HKEX through multiple fund types, with differing strategies regarding their holdings [4]. Group 3: Analyst Upgrades and Market Outlook - Goldman Sachs has repeatedly raised its target price for HKEX, most recently increasing it by 11% to HKD 500 per share, based on better-than-expected trading volume [6]. - The average daily trading volume in the Hong Kong stock market reached HKD 240.2 billion in the first half of the year, a significant year-on-year increase of 118%, marking the highest level since 2010 [6]. - Potential catalysts for profit improvement include the surge in A+H share listings, the strengthening of Hong Kong's status as an international financial center, and continued inflows from southbound funds [7].

Group 1 - The core index, the Chinese Hong Kong Stock Connect Preferred 50 Index (CESP50), experienced a decline of 0.98%, closing at 3086.14 points with a trading volume of 62.037 billion [1] - Over the past month, the CESP50 index has increased by 2.28%, by 7.44% over the last three months, and has risen 23.06% year-to-date [1] - The CESP50 index is compiled by the China Securities Index Co., Ltd. and aims to reflect the overall performance of the top 50 blue-chip securities listed on the Hong Kong Stock Exchange [1] Group 2 - The top ten holdings of the CESP50 index include Tencent Holdings (10.61%), HSBC Holdings (10.25%), Alibaba-W (9.71%), and others, indicating a concentration in major companies [1] - The index's holdings are entirely composed of stocks from the Hong Kong Stock Exchange, with financials making up 39.91%, consumer discretionary 23.36%, and communication services 17.08% among other sectors [2]

蓝筹股方面，腾讯控股跌1.06%，收报561港元；香港交易所跌0.97%，收报427.4港元；中国移动涨 1.11%，收报86.9港元；汇丰控股跌0.66%，收报98.2港元。 香港本地股方面，长实集团涨0.59%，收报37.2港元；新鸿基地产跌2.23%，收报94.1港元；恒基地 产跌1.13%，收报28.06港元。 中资金融股方面，中国银行跌0.44%，收报4.57港元；建设银行跌1.12%，收报7.94港元；工商银行 跌0.65%，收报6.16港元；中国平安跌0.46%，收报54.35港元；中国人寿跌1.66%，收报22.46港元。 石油石化股方面，中国石油化工股份跌0.46%，收报4.37港元；中国石油股份无升跌，收报7.57港 元；中国海洋石油跌0.53%，收报18.7港元。 新华社香港8月8日电 香港恒生指数8日跌222.81点，跌幅0.89%，收报24858.82点。全日主板成交 2067.2亿港元。 国企指数跌86.45点，收报8895.28点，跌幅0.96%。恒生科技指数跌86.43点，收报5460.3点，跌幅 1.56%。 ...

Group 1 - The Hong Kong Stock Exchange (HKEX) announced that any dividends not claimed within six years from the payment date will be forfeited and returned to HKEX [1] - Specifically, the first interim dividend for the fiscal year 2019, which was paid on September 26, 2019, and remains unclaimed by September 26, 2025, will be forfeited at a rate of HKD 3.72 per share [1]

智通财经APP讯，香港交易所(00388)发布公告，凡在股息派付日期起计六年后仍未领取的股息将予没收 及复归香港交易所。因此，香港交易所于2019年9月26日派付而于2025年9月26日仍为未领取的2019年度 第一次中期股息每股3.72港元将予没收及复归香港交易所。 ...

根據《香港聯合交易所有限公司證券上市規則》第三十八章，證券及期貨事務監察委員會監管香港交 易及結算所有限公司有關其股份在香港聯合交易所有限公司上市的事宜。證券及期貨事務監察委員會 對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 香港，2025 年 8 月 8 日 於本公告日期，香港交易所董事會包括 12 名獨立非執行董事，分別是唐家成先生（主席）、 聶雅倫先生、白禮仁先生、陳健波先生、謝清海先生、張明明女士、車品覺先生、周胡慕芳女士、 丁晨女士、梁柏瀚先生、任志剛先生及張懿宸先生，以及一名身兼香港交易所集團行政總裁的執行 董事陳翊庭女士。 （於香港註冊成立的有限公司） 股份代號：388（港幣櫃台）及 80388（人民幣櫃台） 沒收未領取的 2019 年度第一次中期股息 按照香港交易及結算所有限公司（「香港交易所」）《組織章程細則》的規定，凡在股息派 付日期起計六年後仍未領取的股息將予沒收及復歸香港交易所。因此，香港交易所於 2019 年 9 月 26 日派付而於 2025 年 9 月 26 日仍為未 ...

石油石化股方面，中国石油化工股份涨0.24%，收报4.1港元；中国石油股份无升跌，收报6.69港 元；中国海洋石油涨0.34%，收报17.96港元。 责任编辑：袁浩 国企指数涨98.84点，收报8859.29点，涨幅1.13%。恒生科技指数涨61.06点，收报5359.02点，涨幅 1.15%。 蓝筹股方面，腾讯控股涨0.59%，收报512.5港元；香港交易所涨1.74%，收报422港元；中国移动涨 0.46%，收报87.4港元；汇丰控股涨1.59%，收报95.6港元。 香港本地股方面，长实集团涨2.3%，收报35.55港元；新鸿基地产涨3.39%，收报93港元；恒基地产 涨4.55%，收报28.75港元。 中资金融股方面，中国银行涨1.49%，收报4.76港元；建设银行涨1.37%，收报8.11港元；工商银行 涨0.78%，收报6.45港元；中国平安涨3%，收报51.45港元；中国人寿涨3.22%，收报19.9港元。 新华社香港6月25日电 香港恒生指数25日涨297.6点，涨幅1.23%，收报24474.67点。全日主板成交 2678.01亿港元。 ...

Group 1 - Over 160 companies are waiting to conduct Initial Public Offerings (IPOs) in Hong Kong, with the IPO fundraising amount in the first half of 2025 surpassing the total for the entire year of 2024 [1] - The active IPO market reflects the vitality and economic resilience of Hong Kong's financial market, supporting high-quality development [1][4] - Hong Kong's unique international positioning and institutional advantages under the "One Country, Two Systems" framework contribute to its attractiveness as a financial hub [1][3] Group 2 - Hong Kong serves as a "super connector" between mainland China and international markets, facilitating the outbound expansion of domestic enterprises and the inflow of international capital [3] - The city boasts a mature and diversified capital market, including stocks, bonds, and derivatives, supported by an efficient trading system and professional financial services [3][4] - Continuous optimization of the listing system by the Hong Kong government aims to attract more high-tech companies, enhancing market competitiveness [3][4] Group 3 - The vibrant IPO market positively impacts Hong Kong's economy by driving the development of related professional services [4] - The listing of more companies from emerging sectors like technology and biomedicine will promote economic diversification and inject new growth momentum into Hong Kong's economy [4][5] - The wealth effect generated by an active stock market is expected to stimulate the consumption market, accelerating economic recovery and transformation in Hong Kong [4][5]

7月11日，沪深交易所分别发布《上海证券交易所证券交易规则适用指引第2号——沪股通投资者程 序化交易报告》《深圳证券交易所证券交易业务指引第3号——深股通投资者程序化交易报告》（以下 统称《报告指引》），按照内外资一致的原则将沪深股通投资者纳入程序化交易报告范畴，对沪深股通 程序化交易投资者的报告内容、报告时限、报告路径、管理要求等作出细化规定。 整体来看，沪深交易所对沪深股通程序化交易投资者的报告要求与内地现有程序化交易报告的有关 规定保持一致，同时兼顾香港市场实际情况，对部分条款及填报字段进行了适应性调整，并为市场预留 了较为充分的准备时间。《报告指引》将于2026年1月12日起正式实施。正式实施后3个月内，存量投资 者应当完成报告。 业内人士普遍认为，《报告指引》是落实《证券法》《证券市场程序化交易管理规定（试行）》 （以下简称《管理规定》）以及相关实施细则中有关规定的重要举措，有助于进一步巩固程序化交易监 管基础，更好促进程序化交易规范发展，维护证券交易秩序和市场公平。 二是有序衔接上位规定。《管理规定》及相关实施细则等均对沪深股通程序化交易投资者报告作出 了规定，《报告指引》与上述规则有序衔接，在吸 ...

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) is initiating discussions to potentially shorten the settlement cycle for the stock cash market from T+2 to T+1, aiming to align with global trends and enhance market efficiency [1][2]. Group 1: Current Market Context - The current T+2 settlement cycle has been in place since 1992, facilitating significant participation from global investors in Hong Kong's capital market, which includes over 2,600 listed companies [1]. - The average daily trading amount in the cash market is projected to exceed HKD 240 billion in the first half of 2025, indicating a robust market size [1]. Group 2: Global Trends and Comparisons - Over the past 20 years, many major global markets have transitioned to T+2 or are considering T+1 or shorter settlement cycles, with T+1 currently implemented in markets such as mainland China, the US, Canada, Mexico, Argentina, and India [1][2]. - By 2027, it is expected that 88% of global stock market transactions will adopt T+1 or T+0 settlement cycles, highlighting a significant shift in the industry [1]. Group 3: Benefits and Challenges of Transition - Potential benefits of moving to a T+1 settlement cycle include increased market efficiency, reduced systemic risk, and closer alignment with other international markets [2]. - Challenges include addressing time zone differences, foreign exchange conversions, and the need for market participants to upgrade systems and automate processes to maintain operational efficiency and stability [2]. Group 4: Scope of Discussion - The current discussions are limited to the settlement of secondary market transactions in the stock cash market and do not involve the settlement of primary market transactions [3]. - HKEX is committed to optimizing the financial market infrastructure in Hong Kong to ensure robustness and efficiency [3].