Core Points - The Hong Kong Stock Exchange announced that the exchange rate deduction rates for RMB to HKD and RMB to USD will remain at 2.6% after market close on September 5, 2025 [1] - The deduction rate for USD to HKD will be revised from 0.7% to 1% effective September 5, 2025 [1] - The deduction rate for using HKD or USD as collateral for early use of frozen securities under the China Connect will remain at 3.7% starting September 5, 2025 [1]

Market Overview - The Hang Seng Index fell by 153.12 points, a decrease of 0.6%, closing at 25,343.43 points [1] - The total turnover for the day on the main board was 267.647 billion HKD [1] - The Hang Seng China Enterprises Index dropped by 58.1 points, closing at 9,050.02 points, a decline of 0.64% [1] - The Hang Seng Tech Index decreased by 44.72 points, closing at 5,683.74 points, a drop of 0.78% [1] Blue Chip Stocks - Tencent Holdings fell by 0.33%, closing at 598.5 HKD [1] - Hong Kong Exchanges and Clearing decreased by 1.35%, closing at 437.6 HKD [1] - China Mobile increased by 0.12%, closing at 85.7 HKD [1] - HSBC Holdings declined by 0.6%, closing at 99.15 HKD [1] Local Hong Kong Stocks - Cheung Kong Holdings dropped by 1.41%, closing at 36.42 HKD [1] - Sun Hung Kai Properties fell by 1.66%, closing at 92.1 HKD [1] - Henderson Land Development decreased by 1.35%, closing at 26.3 HKD [1] Chinese Financial Stocks - Bank of China fell by 0.92%, closing at 4.31 HKD [1] - China Construction Bank decreased by 0.91%, closing at 7.63 HKD [1] - Industrial and Commercial Bank of China dropped by 1.2%, closing at 5.74 HKD [1] - Ping An Insurance increased by 0.09%, closing at 56.5 HKD [1] - China Life Insurance fell by 0.77%, closing at 23.16 HKD [1] Oil and Petrochemical Stocks - Sinopec fell by 0.92%, closing at 4.29 HKD [1] - PetroChina increased by 0.91%, closing at 7.74 HKD [1] - CNOOC dropped by 0.95%, closing at 19.87 HKD [1]

（股份代號：388（港幣櫃台）及 80388（人民幣櫃台）) 各位非登記股東（註 1）： 香港交易及結算所有限公司（「香港交易所」） – 刊發《2025 年中期業績報告》以及發布公司通訊的新安排 香港交易所《2025 年中期業績報告》的英文及中文版本已載於香港交易所集團網站 （www.hkexgroup.com）「投資者關係（監管披露／監管報告 ）」一欄及「披露易」 網站（www.hkexnews.hk）。如閣下自香港交易所於 2025 年 3 月刊發的香港交易所 《2024 年年報》後提交收取公司通訊（註 2）印刷本的要求，現隨本函附上香港交易所 《2025 年中期業績報告》印刷本（按閣下所選擇之語言版本）。 發布公司通訊的新安排 股東網上申請表格二維碼 根據《上市規則》、香港《公司條例》及香港交易所的《組織章程細則》，香港交易所將繼續透過香港交易所 集團網站（www.hkexgroup.com） 及「披露易」網站 （www.hkexnews.hk）以電子方式發布公司通訊。 香港交易所將僅按非登記股東提出的要求，向他們發送公司通訊的印刷本。 請注意，閣下提出有關收取香港交易所日後公司通訊印刷本的要求（如有） ...

香港交易所日後將不再以郵寄方式通知股東有關以電子方式刊發公司通訊。若閣下擬於香港交易所在香港交易所 集團網站刊發公司通訊時收到通知，可於香港交易所市場網站（www.hkex.com.hk）「市場數據」項下登記使用 「訊息提示」服務，又或向香港交易所提供電郵地址以要求收取有關刊發公司通訊的電郵通知。 （股份代號：388（港幣櫃台）及 80388（人民幣櫃台）) 各位登記股東： 香港交易及結算所有限公司（「香港交易所」） – 刊發《2025 年中期業績報告》以及發布公司通訊的新安排 香港交易所《2025 年中期業績報告》的英文及中文版本已載於香港交易所集團 網站（www.hkexgroup.com）「投資者關係（監管披露／監管報告 ）」一欄及 「披露易」網站（www.hkexnews.hk）。如閣下自香港交易所於 2025 年 3 月 刊發的香港交易所《2024 年年報》後提交收取公司通訊（註 1）印刷本的要求， 現隨本函附上香港交易所《2025 年中期業績報告》印刷本（按閣下所選擇之語 言版本）。 發布公司通訊的新安排 根據《上市規則》、香港《公司條例》及香港交易所的《組織章程細則》，香港交易所將繼續透過香港交 ...

Group 1 - Hong Kong authorities are investigating insider trading allegations involving at least two employees from the Hong Kong Stock Exchange (HKEX) and the Securities and Futures Commission (SFC) [1] - The investigation is focused on whether these employees disclosed upcoming announcements to traders and others over the past few years, involving dozens of listed companies [1] - Reports indicate that the investigation has been ongoing for several months and could take years to conclude, with no guarantee that charges will be filed [1] Group 2 - Some of the leaked announcements reportedly pertain to privatization processes, although the companies involved may not necessarily be linked to the investigation [1] - A spokesperson for the SFC stated that the commission does not disclose whether it is investigating cases, while HKEX declined to comment [1]

Core Viewpoint - The Hong Kong government is investigating insider trading allegations involving at least two employees from the Hong Kong Stock Exchange (HKEX) and the Securities and Futures Commission (SFC), as well as brokers and influencers [1] Group 1: Investigation Details - The investigation is focused on whether employees from HKEX and SFC disclosed upcoming announcements to traders and others over the past few years, involving dozens of listed companies [1] - Some of the leaked announcements reportedly pertain to privatizations [1] - The investigation has been ongoing for several months, but such inquiries may take years and may not necessarily lead to charges [1]

Market Overview - The Hang Seng Index (HSI) closed at 25,485.70, down by 10.85 points or 0.04% as of September 2, 16:00 Eastern Time [1] - The index reached a high of 25,496.61 and a low of 25,284.62 during the trading session, with a trading volume of 95.8438 million [1] - The 52-week high for the index is 25,778.47, while the 52-week low is 17,034.99, indicating a trading range of 0.83% [1] Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 100.038, up by 0.29% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 603.227, reflecting an increase of 0.45% from the Hong Kong close [2] Individual Stock Movements - Tencent Holdings (00700) latest price is HKD 600.500, down by HKD 4.500 or 0.74% [3] - Alibaba Group (09988) latest price is HKD 134.700, down by HKD 2.400 or 1.75% [3] - China Construction Bank (00939) latest price is HKD 7.700, up by HKD 0.150 or 1.99% [3] - Xiaomi Group (01810) latest price is HKD 55.850, up by HKD 1.850 or 3.43% [3] - AIA Group (01299) latest price is HKD 72.700, down by HKD 1.400 or 1.89% [3] - Hong Kong Exchanges and Clearing (00388) latest price is HKD 443.600, down by HKD 4.400 or 0.98% [3] - JD.com (09618) latest price is HKD 119.600, down by HKD 1.800 or 1.48% [3]

Group 1 - The New Energy Vehicle Battery ETF (159775) experienced a strong surge, reaching a closing price limit with a premium rate of 11.24% as of September 1 [1] - Gold-related stocks saw a collective increase, with multiple gold stock ETFs rising over 8% [1] - CPO and other computing hardware stocks maintained strong performance, with several AI-related ETFs also showing significant gains [1] Group 2 - Hong Kong Stock Exchange announced on September 1 that it will optimize the collateral arrangements for its securities and derivatives clearing house to reduce costs for market participants [1] - The clearing house will adjust the calculation method for cash collateral interest paid to participants and lower the financing costs for non-cash collateral [1] Group 3 - According to the latest calculations from Cinda Securities, as of August 29, the active equity fund positions have once again surpassed 90%, marking the highest level since March 2021 [1] - The average position for ordinary stock funds is approximately 91.94%, an increase of 1.16 percentage points from the previous week [1] - The average position for equity-mixed funds is around 90.39%, rising by 1.53 percentage points [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 香港交易及結算所有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 不適用 備註： 香港交易所並無法定股本，及其股本並無股份面值。 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00388 | | 說明 | 股份 | | | | | | 多櫃檯證券代號 | 80388 | RMB 說明 | | 股份 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 1,267,836,895 | | 0 | | 1,267,83 ...

Core Viewpoint - Hong Kong Stock Exchange (HKEX) announced an optimization of its securities and derivatives clearing house margin collateral arrangements to enhance market efficiency and reduce costs for market participants [1] Group 1: New Margin Collateral Arrangements - The new arrangement includes a calculation method for cash collateral interest payments based on the overnight reference rate minus fees, applicable to all accepted currencies including RMB, HKD, and USD [2][3] - Cash collateral fees will be reduced from 0.8% to 0.5% over three years, with a 10 basis points reduction each year starting from October 2025 [4] - Non-cash collateral financing fees will be lowered from 0.5% to 0.25% [5] Group 2: Efficiency and Cost Reduction - HKEX previously introduced measures to increase stock options and index derivatives position limits, enhancing the capital efficiency of settled positions [6] - The Chief Operating Officer of HKEX emphasized the commitment to enhancing the vitality, resilience, and competitiveness of the Hong Kong market through these new arrangements [6]