Group 1 - Deloitte projects that the Hong Kong Stock Exchange will have 66 new listings in the first three quarters of 2025, raising HKD 182.3 billion, making it the largest IPO financing exchange globally [1][2] - The report indicates that the Hong Kong IPO market is benefiting from policies encouraging mainland leading companies to list in Hong Kong and the optimization of the new listing application approval process, leading to a significant improvement in liquidity and a steady recovery in market valuations [1] - In the first three quarters of this year, Hong Kong is expected to see 66 new listings, a 47% increase from 45 last year, with total financing rising 228% from HKD 55.6 billion to HKD 182.3 billion [1] Group 2 - Deloitte anticipates that over 80 new listings will occur on the Hong Kong Stock Exchange in 2025, with total financing expected to reach between HKD 250 billion and HKD 280 billion, including at least 5 super-large IPOs by the end of the year [2] - The influx of overseas capital into Hong Kong is significantly boosting trading volumes and valuations, while policies supporting mainland companies listing in Hong Kong and simplifying the listing process for A-share companies are attracting large and super-large IPOs to the market [2]

Group 1 - Deloitte projects that the Hong Kong Stock Exchange will have 66 IPOs in the first three quarters of 2025, raising HKD 182.3 billion, making it the largest IPO financing exchange globally [1][2] - The report indicates that the Hong Kong IPO market is benefiting from policies encouraging mainland leading companies to list in Hong Kong and the optimization of the new listing application approval process, leading to a significant improvement in liquidity and a steady recovery in market valuation [1] - In the first three quarters of 2025, the number of new listings in Hong Kong is expected to increase by 47% compared to the same period last year, with total financing rising by 228% [1] Group 2 - Deloitte's partner Ren Shaowen highlighted that the influx of overseas funds into Hong Kong is significantly boosting trading volumes and valuations, allowing Hong Kong to maintain its position as the top global IPO financing market [2] - For the entire year of 2025, Deloitte anticipates over 80 IPOs on the Hong Kong Stock Exchange, with total financing expected to reach between HKD 250 billion and HKD 280 billion, including at least five super-large IPOs by the end of the year [2]

Group 1 - The Hong Kong Observatory is assessing whether to issue a higher tropical cyclone warning signal between 11 PM tonight and 3 AM tomorrow [1] - The Hong Kong Stock Exchange has reiterated that trading will proceed as normal [1] - The Financial Secretary of Hong Kong, Paul Chan, has activated the coordination center under the Financial Services and the Treasury Bureau to ensure smooth operation of all aspects of the financial market under extreme conditions [1]

Core Viewpoint - Hong Kong Stock Exchange has signed a memorandum of cooperation with Guangzhou Carbon Emission Trading Center, Shenzhen Green Exchange, and Macau International Carbon Emission Trading Exchange to promote the development of the carbon market and green finance ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1 - The four exchanges will explore cooperation opportunities in the carbon market and green finance sectors [1] - The collaboration aims to enhance experience exchange and knowledge sharing among relevant institutions and personnel [1] - The initiative is expected to improve professional capabilities in carbon market operations and green finance [1] - The partnership will contribute to the deepening development of the regional carbon market [1]

Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) has signed a memorandum of cooperation with Guangzhou Carbon Emission Trading Center, Shenzhen Green Exchange, and Macau International Carbon Emission Trading Exchange to promote the development of the carbon market and green finance ecosystem in the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 1 - The four exchanges will explore cooperation opportunities in the carbon market and green finance sectors [1] - The collaboration aims to enhance experience exchange and knowledge sharing among the institutions involved [1] - The initiative is expected to improve the professional capabilities of relevant institutions and personnel in carbon market operations and green finance [1] - The partnership will contribute to the deepening development of the regional carbon market [1]

Core Viewpoint - The Hong Kong government welcomes the approval of three warehouses in Yuen Long by the London Metal Exchange (LME) as recognized warehouses, enhancing Hong Kong's position as a key hub for international metal trading [1] Group 1: Government and Regulatory Actions - The Financial Secretary of the Hong Kong Special Administrative Region, Xu Zhengyu, expressed support for the LME's expansion of storage facilities in Hong Kong, aligning with the Chief Executive's 2025 policy direction [1] - The total number of recognized warehouses by the LME in Hong Kong has increased to 11, including the three newly approved warehouses [1] Group 2: Industry Impact - The addition of the three warehouses will provide efficient delivery options for participants in international metal trading, contributing to the development of Hong Kong's shipping and other related services [1] - The LME included Hong Kong in its global warehouse network as a licensed delivery point in January of this year, allowing warehouse operators to apply for licenses to store metals registered with the LME [1]

Group 1 - Hong Kong's capital market has emerged as a "dark horse" in the global IPO landscape since 2025, with a fundraising amount of HKD 107.1 billion in the first half of the year, expected to exceed HKD 220 billion for the entire year, reclaiming the top position globally [2][3] - The "A+H" dual listing model has become normalized, with major A-share companies like CATL and Hengrui Medicine listing in Hong Kong, creating an IPO matrix of "large enterprises + hard technology + new consumption" [3] - The introduction of the Chapter 18C and "Special Line for Tech Companies" policies has lowered the entry barriers for unprofitable tech firms to list in Hong Kong, allowing AI companies to successfully go public [3][5] Group 2 - The active IPO market in Hong Kong reflects a global capital reallocation towards Chinese core assets, driven by a reduction in stock stamp duty and an increase in family office assets [4] - Companies in advanced manufacturing, such as Sanhua Intelligent Controls and Lens Technology, have achieved valuation recovery through the Hong Kong market, showcasing its efficiency for "tech + production" firms [5] - The consumer and pharmaceutical sectors have seen significant activity, with brands like Mixue Ice City and Hengrui Medicine attracting substantial institutional support, indicating a rebuilding of market trust in the biotech sector [5] Group 3 - Hong Kong is transitioning from a "follower" to a "rule-maker" in the IPO space, implementing differentiated strategies to build a competitive edge against Nasdaq and NYSE [6] - The deepening of mutual connectivity, such as the Bond Connect, has solidified Hong Kong's position as a key investment channel, with a notable increase in foreign holdings of Chinese bonds [6] - The IPO market in Hong Kong is forming a positive cycle of "institutional innovation - capital inflow - industrial upgrading," with expectations of significant new listings and capital influx [6]

Core Viewpoint - The Hong Kong government is prepared for the impact of Super Typhoon Haikui, ensuring that financial markets can operate smoothly under extreme conditions [1] Group 1: Government Preparedness - The Financial Secretary of Hong Kong, Paul Chan, has stated that the government has made necessary arrangements and activated a coordination center under the Financial Services and the Treasury Bureau [1] - The Financial Services and the Treasury Bureau is in close contact with financial regulators and stakeholders to monitor market conditions and assess potential impacts on financial operations due to weather [1] Group 2: Market Operations - The "No Trading Halt During Typhoon" policy, implemented since September 23 of the previous year, has been in effect for one year, allowing market trading to continue during adverse weather [1] - The Hong Kong Stock Exchange (HKEX) will maintain normal trading operations during the typhoon and has advised financial institutions to allocate manpower and operational resources in advance [1] - HKEX will continue to monitor the situation closely and issue announcements as necessary to keep market participants informed [1]

智通财经APP获悉，9月23日，香港交易所微博发文称，随着"桦加沙"靠近，香港天文台预计将于下午2时20分发 出八号烈风/暴风信号。根据香港交易所的恶劣天气交易安排，香港的证券及衍生产品市场(包括沪深港通)在八号 或以上烈风/暴风信号、黑色暴雨警告或极端情况警告生效期间，将于正常交易时间维持运作。 港交所建议市场参与者尽早作出运营及人力资源调配，并参考既定的恶劣天气交易运作安排，以支持市场平稳运 作。 ...

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) has issued a statement advising market participants to make early operational and human resource adjustments in response to the approaching "Hagupit" storm, with the Hong Kong Observatory expected to issue a No. 8 gale or storm signal at 2:20 PM [1] Group 1: Operational Guidelines - HKEX will maintain normal trading hours for the securities and derivatives markets, including the Shanghai-Hong Kong Stock Connect, during the issuance of a No. 8 or higher gale/storm signal, black rainstorm warning, or extreme conditions warning [1] - Market participants are encouraged to refer to established severe weather trading arrangements to support stable market operations [1] Group 2: Recommendations for Investors - Investors should familiarize themselves with the electronic trading platforms and transfer channels provided by banks and securities brokers [4] - It is important for investors to understand the services offered by banks and securities brokers on severe weather trading days [4] Group 3: Employee Preparedness - Employees of securities brokers or banks should be well-acquainted with remote access to company systems and the HKEX systems if necessary [7] - Employees are advised to discuss work arrangements with employers in light of severe weather conditions and to make relevant preparations to respond to potential weather changes [7]