HKEX(HK:00388) 智通财经网·2025-08-20 23:17Group 1 - The Hong Kong Stock Exchange (HKEX) is considering a 24-hour trading mechanism in response to the bullish market conditions in A-shares and H-shares, with a cautious and gradual approach based on international experiences and local market conditions [1][2] - HKEX plans to enhance its trading systems and risk management frameworks before implementing the extended trading hours, with a target to support T+1 settlement by the end of this year [1][2] - Major global exchanges, including NYSE and Nasdaq, are also exploring extended trading hours, indicating a trend towards 24-hour trading [2] Group 2 - HKEX has recently implemented measures to optimize trading, including a reduction in the minimum price fluctuation for certain stock price ranges, which is expected to lower trading costs and improve efficiency [3] - The stock price of HKEX has increased significantly from 289.9 HKD to 441.2 HKD, representing a 50% rise, with a total market capitalization of 559.4 billion HKD [3] - The Hong Kong Securities ETF has seen a year-to-date increase of over 64%, reflecting strong market performance [3] Group 3 - Analysts believe that the implementation of a 24-hour trading mechanism could significantly benefit brokerage stocks and HKEX [3][4] - The capital market is experiencing sustained growth, with increased trading volumes and improved performance in brokerage firms, particularly in the second quarter [4] - Major brokerage firms are expected to benefit from ongoing market reforms and liquidity improvements, with a focus on those with strong client resources and cross-border service capabilities [5][6] Group 4 - HKEX reported a 33% increase in revenue and other income to 14.076 billion HKD for the first half of 2025, with a 39% rise in net profit to 8.519 billion HKD [5] - CITIC Securities achieved a revenue of 17.761 billion CNY in Q1 2025, marking a 29.13% year-on-year growth [5] - CICC expects a net profit increase of 55% to 78% for the first half of 2025 compared to the same period in 2024 [6]