智通财经6月23日电，香港交易所信息显示，摩根大通在友邦保险的持股比例于06月18日从7.99%升至 8.04%，平均股价为68.2840港元。 ...

香港交易及结算所有限公司20日于香港金融大会堂举办25周年庆祝活动。香港特区行政长官李家超在视 频致辞中对香港交易所成立25周年表示祝贺。他说，香港交易所作为香港金融行业的心脏，在过去的四 分之一个世纪里推动了香港的发展繁荣。同时，港交所也强化了香港的"超级联系人"和"超级增值人"角 色，多措并举不断加深内地与香港资本市场的互联互通。他表示，面对当前全球形势带来的挑战，特区 政府将与香港交易所及监管机构通力合作，全力提升市场流动性。(新华社) ...

Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) celebrates its 25th anniversary, highlighting its role in connecting China and the world, and its continuous reforms to enhance the capital market [1][3][8]. Group 1: Achievements and Developments - HKEX has transformed from a local exchange to an international financial market with a diverse investor base and a rich product ecosystem over the past 25 years [8]. - The average daily trading volume in the securities market has increased from HKD 13 billion in 2000 to over HKD 240 billion in 2025, representing a growth of more than 17 times [12]. - The derivatives market has seen significant growth, with an average daily trading volume of 1.76 million contracts in 2025, compared to just 37,500 contracts in 2000 [12]. - HKEX has maintained its position as the world's leading fundraising market, completing 31 initial public offerings (IPOs) in 2025 with a total fundraising amount exceeding HKD 88.4 billion [12]. Group 2: Future Initiatives and Collaborations - HKEX is committed to promoting market connectivity and sustainable development, welcoming collaboration with mainland exchanges to enhance mutual access [5][8]. - The Hong Kong government has implemented reforms that have reshaped the listing system, including the introduction of the "mutual access mechanism" and specific regulations that have created new opportunities for market participants [10]. - HKEX announced a new charitable initiative with a donation of at least HKD 25 million to support caregivers, reflecting its commitment to community support [12].

香港交易所信息显示， 贝莱德（BlackRock）在 李宁的持股比例于06月17日从5.08%降至4.14%。 ...

Group 1 - JPMorgan increased its stake in Bilibili-W from 12.79% to 13.04% as of June 16 [1] - The average share price for this transaction was HKD 163.1448 [1]

6月18日，在2025陆家嘴论坛上，香港交易所集团行政总裁陈翊庭表示，未来，应致力于将中国资本市 场打造为多层次市场体系，实现各交易所优势互补与错位发展。 陈翊庭以内地电商行业常见的"人、货、场"三要素为喻，阐述资本市场的发展思路，并表示港交所将持 续深耕"人、货、场"这三方面，携手业界同仁共同努力。当前，全球投资者正重新审视资金配置策略， 中国诸多创新成果为他们带来诸多令人振奋的投资契机，需牢牢把握这一机遇。 在陈翊庭看来，"人"涵盖两大客户群体，即上市公司和投资者，其本质是搭建"资金富余方"与"资金需 求方"之间的桥梁，促进投资者与企业的对接。 陈翊庭透露，目前港交所排队等待上市的企业多达100余家，这一现象在国际同行间引发羡慕之情，彰 显了我国在上市资源配置方面的强大实力。 "交易所需灵活应变，以适应不同时代背景下各行业、企业的多样化需求，通过改革创新精神优化制度 与上市规则，更好地服务于实体经济。"陈翊庭坦言，自2018年起，港交所持续优化上市规则，从早期 主要接纳盈利三年的企业，拓展至为未盈利的生物科技公司以及处于商业化前期的专精特新企业量身定 制规则。 为什么今年A股上市公司热衷赴港上市？陈翊庭解 ...

智通财经6月18日电，香港交易所信息显示，摩根大通（JPMorgan）在中国财险的持股比例于06月13日 从7.87%升至8.15%，平均股价为15.0875港元。 ...

智通财经6月18日电，香港交易所信息显示，贝莱德（BlackRock）在阿里巴巴-W的持股比例于06月13 日从4.89%升至5.16%。 ...

Core Viewpoint - The Hong Kong stock market showed strong performance in May, with active trading and positive growth expectations for the Hong Kong Stock Exchange's (HKEX) earnings [1][2] Market Performance - The Hang Seng Index and Hang Seng Tech Index increased by 16.1% and 15.7% respectively compared to the end of 2024 [1] - The monthly average daily turnover (ADT) for HKEX was HKD 210.3 billion, down 23.4% month-on-month but up 50.4% year-on-year [1] - The monthly ADT for the Shanghai-Shenzhen Stock Connect was HKD 906.13 billion, down 6.9% month-on-month but up 22.4% year-on-year [1] - The monthly ADT for the Hong Kong Stock Connect was HKD 147.42 billion, down 22.9% month-on-month but up 50.1% year-on-year [1] Derivatives and Commodity Markets - In the derivatives market, both futures and options trading volumes decreased month-on-month and year-on-year [1] - The average daily volume (ADV) for futures was 586,000 contracts, down 30.3% month-on-month and 14.6% year-on-year [1] - The ADV for options was 805,000 contracts, down 19.8% month-on-month and 23.7% year-on-year [1] - The London Metal Exchange (LME) saw a decrease in trading volume, with a daily average of 707,000 contracts, down 19.7% month-on-month and 8.5% year-on-year [1] IPO Market - The Hong Kong IPO market experienced significant growth, with 10 new listings in May totaling HKD 55.8 billion, representing increases of 1830.4% month-on-month and 3150.6% year-on-year [1] Investment Income - Investment income rates for HKEX showed a decline month-on-month and year-on-year as of the end of May [1] - The 6-month HIBOR was 2.16%, down 1.86 percentage points month-on-month and down 2.66 percentage points year-on-year [1] - The 1-month HIBOR was 0.59%, down 3.37 percentage points month-on-month and down 3.89 percentage points year-on-year [1] - The overnight HIBOR was 0.03%, down 4.47 percentage points month-on-month and down 4.44 percentage points year-on-year [1] - The US overnight bank funding rate was 4.33%, unchanged month-on-month [1] Macroeconomic Environment - Domestic economic conditions showed signs of recovery, with the manufacturing PMI at 49.50%, up 0.50 percentage points month-on-month [1] - New orders and new export orders indices were at 49.8% and 47.5%, respectively, with increases of 0.60 percentage points and 2.80 percentage points month-on-month [1] - The manufacturing production index was at 50.7%, up 0.90 percentage points month-on-month [1] - Internationally, the Federal Reserve maintained its interest rate at 4.25%-4.50%, with expectations for rate cuts being postponed [1][2] Investment Outlook - As of the end of May, the company's PE ratio was 35.45x, positioned at the 44th percentile historically since 2016, indicating potential value for investment [2] - The company is expected to achieve revenues of HKD 29.8 billion, HKD 31.0 billion, and HKD 32.5 billion for 2025-2027, with net profits of HKD 17.9 billion, HKD 18.6 billion, and HKD 19.6 billion respectively [2] - Corresponding PE valuations are projected to be 29.2x, 28.0x, and 26.6x for the same period, suggesting a "buy" rating [2]

Group 1 - The core viewpoint of the news is the performance of the CES100 index, which reflects the overall performance of eligible securities under the "Shanghai-Hong Kong Stock Connect" and "Shenzhen-Hong Kong Stock Connect" [1][2] - The CES100 index experienced a decline of 0.38% on June 17, closing at 5169.93 points, with a trading volume of 67.847 billion yuan [1] - Over the past month, the CES100 index has increased by 3.00%, by 0.20% over the last three months, and has risen by 22.29% year-to-date [1] Group 2 - The top ten holdings of the CES100 index include Tencent Holdings (10.02%), HSBC Holdings (9.93%), Alibaba-W (9.89%), Xiaomi Group-W (7.73%), Meituan-W (6.65%), AIA Group (5.77%), Hong Kong Exchanges and Clearing (4.13%), Standard Chartered (2.31%), Prudential (1.94%), and Pop Mart (1.64%) [2] - The index's holdings are entirely composed of securities from the Hong Kong Stock Exchange, with a sector breakdown showing 27.96% in consumer discretionary, 27.80% in financials, 13.72% in communication services, 9.70% in information technology, 5.56% in real estate, 4.32% in healthcare, 4.10% in utilities, 3.21% in consumer staples, 3.15% in industrials, and 0.48% in materials [2] - Public funds tracking the CES100 index include Huaan CES Hong Kong Stock Connect Selected 100 ETF Link A, Huaan CES Hong Kong Stock Connect Selected 100 ETF Link C, and Huaan CES Hong Kong Stock Connect Selected 100 ETF [2]