Core Viewpoint - The Hong Kong Stock Exchange (HKEX) will maintain normal trading operations despite the impending arrival of Typhoon Haikui, following the implementation of a "no trading halt during bad weather" policy a year ago [3][4]. Group 1: HKEX Operations - HKEX has received regulatory approval to implement trading during severe weather conditions since September 23, 2023, allowing the market to operate under adverse weather circumstances [3]. - The Financial Secretary of Hong Kong, Paul Chan, stated that the government is prepared for the typhoon and has activated a coordination center to ensure smooth financial market operations [3]. - HKEX has advised financial institutions to allocate resources and personnel in advance to ensure stable market operations during the typhoon [4]. Group 2: Weather Trading Arrangements - Under the bad weather trading arrangements, the securities and derivatives markets in Hong Kong will continue to operate during signal warnings of Typhoon No. 8 or above, black rainstorm warnings, or extreme situation warnings [4]. - HKEX has called on market participants to prepare for trading under adverse weather conditions and to refer to established operational arrangements [4]. Group 3: Recommendations for Market Participants - Securities brokers are advised to ensure that banking services and electronic transfer limits are sufficient for daily operations during bad weather trading days [5]. - Investors should familiarize themselves with the electronic trading platforms and transfer channels provided by their banks or brokers [6]. - Employees of securities firms or banks should be prepared for remote access to company systems and discuss work arrangements with employers in anticipation of potential weather changes [7].

Group 1 - Deloitte's report predicts that Hong Kong will surpass the New York Stock Exchange and NASDAQ to become the top global IPO financing market in 2023 [1] - In the first three quarters of 2023, Hong Kong is expected to have 66 IPOs raising HKD 182.3 billion, a 228% increase from HKD 55.6 billion in the same period last year [1] - The NYSE and NASDAQ are projected to rank second and third globally, with IPO financing amounts of HKD 125.6 billion and HKD 114.6 billion, respectively [1] Group 2 - The influx of overseas capital into Hong Kong has significantly boosted market activity and valuations, driven by policies encouraging mainland leading companies to list in Hong Kong [1] - The report anticipates that with the Federal Reserve's interest rate cuts, more funds will flow into the Hong Kong stock market, with over five potential large IPOs expected [1] - For the mainland capital market, it is estimated that by September 30, 2023, there will be 78 IPOs in the A-share market raising RMB 77.1 billion, reflecting a year-on-year increase of 13% in the number of IPOs and 61% in total financing [1][2] Group 3 - The A-share market has shown steady growth in the first three quarters of 2023, supported by the implementation of new regulatory policies [2] - The focus on technology and innovation by the government is expected to keep sectors like technology and renewable energy as hotspots for new IPOs in the A-share market [2]

Group 1 - The core viewpoint of the articles indicates that Hong Kong Stock Exchange (HKEX) is expected to maintain its position as the global leader in new stock financing, surpassing the New York Stock Exchange and NASDAQ [1][3] - The A-share market in mainland China is projected to show steady growth in new stock listings and financing amounts due to supportive regulatory policies and a focus on technology and innovation sectors [1][2] - Deloitte anticipates that the last quarter of the year will see an influx of funds into the Hong Kong market, driven by the U.S. Federal Reserve's interest rate cuts and the expected listing of over five large-scale IPOs [1][3] Group 2 - As of September 30, 2025, the mainland A-share market is expected to have 78 new stocks listed, raising 771 billion RMB, marking a 13% increase in the number of new stocks and a 61% increase in financing compared to the previous year [2] - The Hong Kong market is projected to have 66 new stocks listed, raising 1,823 billion HKD, which is a 47% increase in the number of new stocks and a 228% increase in financing compared to the same period last year [2] - Deloitte estimates that over 80 new stocks will be listed in Hong Kong this year, raising between 2,500 billion to 2,800 billion HKD, with a focus on A+H listings and sectors such as healthcare, technology, and consumer goods [3]

★ 宏观动态 ★ 经合组织预测2025年全球经济增速为3.2%，2026年将放缓至2.9% 经济合作与发展组织（经合组织）23日发布中期经济展望报告，预计2025年全球经济增速为3.2%，较今年6月 预测值上调0.3个百分点；2026年全球经济增速将放缓至2.9%，与6月预测值相同。 陕西省省长赵刚：中欧班列西安集结中心已开通国际干线18条、覆盖亚欧大陆全境 陕西省省长赵刚今日在2025欧亚经济论坛上表示，中欧班列西安集结中心已开通国际干线18条、覆盖亚欧大陆 全境，核心指标稳居全国第一，上半年开行3055列、同比增长28.8%。西安国际航空枢纽，已开通国际客运航 线60条、全货运航线16条，上半年国际航班客运量、货运量分别增长71%和124.8%。我们持续提升枢纽的承载 力、辐射力，推动港产港贸港城融合发展，引导外向度高的适铁、临空产业集聚发展。如今，中欧班列满载着 汽车、光伏、家电等"陕西制造"横贯欧亚、走向世界。 工信部：组合驾驶辅助系统乘用车新车市场渗透率超60% 香港交易所今天宣布与广州碳排放权交易中心有限公司，深圳绿色交易所， 澳门国际碳排放权交易所签署合 作备忘录，携手推动粤港澳大湾区碳市场及绿 ...

Core Viewpoint - The Hong Kong Stock Exchange (HKEX) will continue normal trading operations despite the impending arrival of Typhoon Haikui, following the implementation of severe weather trading measures a year ago [3]. Group 1: Weather Impact on Trading - The Hong Kong Observatory issued a No. 8 tropical cyclone warning signal as Typhoon Haikui approaches, with expectations of worsening wind conditions [1]. - The HKEX has been authorized to maintain trading during severe weather since September 23, 2023, allowing for market operations even under adverse conditions [3]. - The Financial Secretary of Hong Kong, Paul Chan, confirmed that the government is prepared for the typhoon and is coordinating with financial regulatory bodies to monitor market conditions [3]. Group 2: Operational Preparedness - HKEX has advised market participants to prepare for operations during severe weather, including adjusting manpower and operational resources [4]. - Securities brokers are encouraged to ensure sufficient banking services and electronic transfer limits to handle daily operations during severe weather trading days [5]. - Investors are advised to familiarize themselves with electronic trading platforms and services provided by their banks or brokers during adverse weather conditions [6]. Group 3: Employee Arrangements - Employees of securities firms or banks should be well-versed in remote access to company systems and discuss work arrangements during severe weather with their employers [7].

Core Viewpoint - Hong Kong Exchanges and Clearing Limited (HKEX) will maintain normal trading operations despite the approach of Super Typhoon Haikui, following the implementation of "trading during inclement weather" measures approved a year ago [4]. Group 1: Weather Impact and Trading Operations - The Hong Kong Observatory issued a No. 8 tropical cyclone warning signal as Super Typhoon Haikui approaches, with expectations of worsening weather conditions [1]. - The Financial Secretary of Hong Kong, Paul Chan, stated that the government is prepared for the typhoon and has activated a coordination center to ensure smooth financial market operations under extreme conditions [4]. - The "trading during inclement weather" policy has been in effect for one year, allowing the market to operate under severe weather conditions, which has been practiced successfully [4]. Group 2: Recommendations for Market Participants - HKEX has urged market participants to prepare for trading during inclement weather, advising them to adjust operational and human resources accordingly [5]. - Securities brokers are advised to ensure sufficient banking services and electronic transfer limits to handle daily operations during inclement weather trading days [6]. - Investors should familiarize themselves with the electronic trading platforms and services provided by their banks or brokers during inclement weather trading days [7].

Group 1 - The global IPO market is slowing down entering the third quarter, with the financing scale of the top ten global IPOs expected to be lower compared to the same period last year [1] - Hong Kong Stock Exchange is projected to maintain its position as the global leader in IPO financing due to six large IPOs during the period [1] - The A-share market in China is showing steady growth in new stock numbers and financing amounts, with expectations for this trend to continue until the end of the year, driven by government support for technology and innovation sectors [1] Group 2 - It is anticipated that 78 new stocks will be listed in the mainland A-share market by September 30, 2025, raising 77.1 billion RMB, marking a 13% increase in the number of new stocks and a 61% increase in financing compared to the same period last year [1] - The ChiNext board leads in the number of new stocks, while the Shanghai main board has the highest total financing among various boards, with 25 new stocks expected to raise 45.4 billion RMB [1] - In Hong Kong, 66 new stocks are expected to be listed, raising 182.3 billion HKD, a 47% increase in the number of new stocks and a 228% increase in financing compared to the same period last year [2]

Core Insights - Deloitte projects that by the first three quarters of 2025, the Hong Kong Stock Exchange (HKEX) will see 66 new listings, raising HKD 182.3 billion, making it the largest IPO financing exchange globally [2][3] - The report highlights a significant increase in new listings and financing in Hong Kong, driven by policies encouraging mainland enterprises to list in Hong Kong and improved liquidity from international capital inflows [2] - The number of new listings in Hong Kong is expected to increase by 47% compared to the same period last year, with financing amounting to over 228% growth [2] Market Trends - The Hong Kong IPO market is experiencing strong momentum, with several large and mega H-shares successfully listed, contributing to a substantial increase in new stock financing [2] - The report anticipates that by the end of 2025, there will be over 80 new listings on the HKEX, with total financing expected to reach between HKD 250 billion and HKD 280 billion [3] - The influx of overseas capital is significantly boosting trading volumes in the Hong Kong stock market, leading to a continued recovery in valuations [3]

Group 1 - The Hong Kong Financial Secretary, Xu Zhengyu, welcomes the signing of a memorandum of cooperation between the Hong Kong Stock Exchange and several carbon trading platforms in the Greater Bay Area, aiming to enhance knowledge exchange and collaboration in the carbon market and green finance ecosystem [1] - This memorandum is the first quadrilateral agreement among carbon exchanges in the Greater Bay Area, indicating a significant step towards the orderly and healthy development of the carbon market in the region [1] - The new Policy Address emphasizes strengthening pilot cooperation with the Greater Bay Area carbon market and building a carbon market ecosystem, showcasing the commitment of the Hong Kong government and the Stock Exchange to promote collaboration with mainland carbon markets [1]

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]