Core Viewpoint - The optimization of the "Swap Connect" mechanism aims to enhance market vitality and better meet the demand of foreign investors for managing RMB interest rate risks [1][2]. Group 1: Mechanism Optimization - The establishment of a dynamic adjustment mechanism for "Swap Connect" quote providers and the expansion of the quote provider team will lead to more diversified financial institutions offering competitive quotes, improving pricing efficiency and fairness [1]. - The daily net limit will be raised to 45 billion RMB starting from October 13, 2025, directly addressing the growing demand from foreign investors for RMB interest rate risk hedging [1][2]. Group 2: Market Impact - The Hong Kong Stock Exchange stated that the increase in the daily net limit not only expands the participation space for foreign investors in the RMB interest rate swap market but also enhances market liquidity and continues to promote the internationalization of China's domestic financial market [2]. - Since its launch on May 15, 2023, "Swap Connect" has become an important channel for foreign institutional investors to manage RMB interest rate risks, with over 15 countries and regions participating and completing more than 15,000 transactions totaling a nominal principal of 8.15 trillion RMB by the end of August 2025 [2]. Group 3: Future Outlook - There is significant potential for "Swap Connect" to expand its product range, continuously optimize mechanisms and processes, and strengthen risk prevention and regulatory cooperation in the future [3].

石油石化股方面，中国石油化工股份涨0.49%，收报4.07港元；中国石油股份涨0.42%，收报7.11港 元；中国海洋石油涨0.63%，收报19.12港元。 国企指数跌141.12点，收报9303.1点，跌幅1.49%。恒生科技指数跌184.08点，收报6195.11点，跌 幅2.89%。 责任编辑：袁浩 新华社香港9月26日电 香港恒生指数26日跌356.48点，跌幅1.35%，收报26128.2点。全日主板成交 3236.74亿港元。 中资金融股方面，中国银行涨0.72%，收报4.2港元；建设银行涨1.1%，收报7.38港元；工商银行涨 0.53%，收报5.7港元；中国平安涨0.29%，收报52.4港元；中国人寿跌0.09%，收报21.24港元。 蓝筹股方面，腾讯控股跌0.92%，收报644港元；香港交易所跌1.24%，收报430.2港元；中国移动跌 0.12%，收报85港元；汇丰控股跌0.37%，收报106.7港元。 香港本地股方面，长实集团涨0.17%，收报36.28港元；新鸿基地产涨0.6%，收报91.6港元；恒基地 产涨0.37%，收报27.14港元。 ...

每经AI快讯，9月26日，香港交易所信息显示，花旗集团在香港交易所的持股比例于9月22日从5.02%降 至4.99%。 ...

香港交易所(00388)发布公告，香港交易所于20258月8日宣布，根据香港交易所《组织章程细则》，于 20199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。因此，仍未被领取的2019年度第一次中期股息合共1868.65万港元已于今天被没收并复 归香港交易所。 ...

智通财经APP讯，香港交易所(00388)发布公告，香港交易所于2025年8月8日宣布，根据香港交易所《组 织章程细则》，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。因此，仍未被领取的2019年度第一次中期股息合共1868.65万港元 已于今天被没收并复归香港交易所。 ...

格隆汇9月26日丨香港交易所(00388.HK)于2025年8月8日宣布，根据香港交易所《组织章程细则》，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。因此，仍未被领取的2019年度第一次中期股息合共18,686,498.56港元已于今天被没收 并复归香港交易所。 ...

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。 沒收未領取的 2019 年度第一次中期股息 香港交易及結算所有限公司（「香港交易所」）於 2025 年 8 月 8 日宣布，根據香港交易所 《組織章程細則》，於 2019 年 9 月 26 日派付而於 2025 年 9 月 26 日仍為未領取的 2019 年度 第一次中期股息每股 3.72 港元將予沒收及復歸香港交易所。因此，仍未被領取的 2019 年度 第一次中期股息合共 18,686,498.56 港元已於今天被沒收並復歸香港交易所。 承董事會命 香港交易及結算所有限公司 集團公司秘書 曾志燿 香港，2025 年 9 月 26 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 ...

Core Viewpoint - Momenta, a Chinese autonomous driving developer, is considering shifting its IPO from New York to Hong Kong amid rising U.S.-China tensions and after the expiration of its U.S. listing approval [1][6]. Company Overview - Momenta is a leading supplier of advanced driving assistance systems, similar to Tesla's self-driving technology, capable of navigating urban traffic under human supervision [2]. - The company is backed by notable investors including Toyota Motor and Bosch, and is nearing completion of a pre-IPO fundraising round [3]. IPO Plans - Momenta has informed some investors about a potential Hong Kong listing in 2026, although this plan is still in the early stages and subject to change [2][3]. - Details regarding the IPO, such as timeline, offering size, and valuation, have not yet been finalized [3]. Company Statements - Momenta has stated that no final decision has been made regarding its IPO plans or listing venue, and claims that reports of a confirmed Hong Kong listing in 2026 are untrue [4]. - The company has not announced or confirmed any pre-IPO fundraising round or its participants [4]. Market Context - The shift in listing venue reflects Hong Kong's growing status as a primary offshore fundraising location for Chinese companies, especially in light of U.S. lawmakers' threats to delist Chinese firms from American exchanges [5][6]. - Heightened trade tensions between China and the U.S. have led to an increasing number of Chinese companies favoring Hong Kong for their listings over the past year [6].

Core Points - The core focus of the HKEX IPO process revolves around compliance, transparency, sustainability, and market acceptance [5] Financial Metrics and Profitability - HKEX has specific financial requirements for IPO applicants, including cumulative profits of at least 50 million HKD over the last three years, with at least 20 million HKD in the most recent year [3] - Different tests apply for various sectors, with a focus on the authenticity and sustainability of profits [3] Information Disclosure and Transparency - The principle of "disclosure-based" is emphasized, requiring issuers to provide full, accurate, and timely information to avoid misleading investors [2] Corporate Governance and Independence - Issuers must have a sound corporate governance structure to protect minority shareholders from potential harm by controlling shareholders or management [2] Business Model and Sustainability - The sustainability of business models, especially for new economy companies, is a key focus, including aspects like patent numbers and user engagement metrics [2] Industry Regulation and Compliance - Issuers must comply with both domestic and international regulatory requirements, particularly if their business involves specific sectors like finance or healthcare [4] Related Party Transactions and Interest Transfer - HKEX imposes strict regulations on related party transactions to prevent harm to minority shareholders [4] Use of Proceeds - Issuers are required to disclose the specific and reasonable use of raised funds [4] Shareholder Structure and Equity Arrangement - The structure of shareholders must avoid instability in control or conflicts of interest [4] Financial Statements and Auditing - Ensuring the authenticity of financial data is crucial, with a focus on the qualifications of auditing firms [4] Special Arrangements for New Economy - HKEX has introduced special rules to attract new economy companies, which also brings additional scrutiny [4] Cross-Border Regulation and Data Security - Companies with mainland operations must navigate regulatory coordination between regions [4] Responsibilities of Intermediaries - Intermediaries like sponsors, lawyers, and accountants must fulfill their due diligence responsibilities [5][6] Market Acceptance and Valuation - The market shows a preference for sectors like technology, consumption, healthcare, and renewable energy, while traditional industries may face lower valuations [6] Ongoing Obligations Post-IPO - Issuers must continue to comply with HKEX's ongoing listing obligations after the IPO [5]

Market Overview - The Hang Seng Index closed at 26,404.18, down by 80.50 points or 0.30% on September 25 [1] - The index reached a high of 26,430.39 and a low of 26,319.63 during the trading session, with a trading volume of 66.046 million shares [1] Major Stocks Performance - HSBC Holdings closed at HKD 107.287, up by 0.17% compared to the previous close [2] - Tencent Holdings closed at HKD 648.343, down by 0.25% compared to the previous close [2] - Alibaba Group (W) saw a decline of 1.15%, closing at HKD 172.000 [3] - China Construction Bank dropped by 2.28%, closing at HKD 7.300 [3] - Xiaomi Group (W) increased by 4.48%, closing at HKD 59.450 [3] ADR Performance - Tencent's ADR price was USD 648.343, reflecting a decrease of 0.25% compared to its Hong Kong stock price [3] - Alibaba's ADR price was USD 170.695, down by 0.76% compared to its Hong Kong stock price [3] - HSBC's ADR price was USD 107.287, showing an increase of 0.17% compared to its Hong Kong stock price [3]