旭辉控股集团(00884)发布公告，于2025年12月25日，集团就交易事项订立以下该等股份转让协议：(i) 出售协议，据此，北京旭辉(公司附属公司)有条件同意出售，而深圳盛钧有条件同意购买天津和新的 100%股权，总代价为人民币3.02亿元;(ii)收购协议，据此，深圳盛钧有条件同意出售，而宁波旭辉(公司 附属公司)有条件同意购买宁波海曙兴礼50%股权，总代价为人民币3.02亿元。根据该等股份转让协议， 深圳盛钧就出售事项应付北京旭辉的代价将与宁波旭辉就收购事项应付深圳盛钧的代价抵销。 中国房地产市场正面临前所未有的挑战，房地产开发商普遍承受流动性压力。董事会认为，提升资源效 率、增强流动性及降低负债是同业应对危机的关键策略。董事会相信，交易事项将有助集团优化资源配 置，集中投入重点发展区域的项目，从而提升集团的流动性。 ...

中国房地产市场正面临前所未有的挑战，房地产开发商普遍承受流动性压力。董事会认为，提升资源效 率、增强流动性及降低负债是同业应对危机的关键策略。董事会相信，交易事项将有助集团优化资源配 置，集中投入重点发展区域的项目，从而提升集团的流动性。 智通财经APP讯，旭辉控股集团(00884)发布公告，于2025年12月25日，集团就交易事项订立以下该等股 份转让协议：(i)出售协议，据此，北京旭辉(公司附属公司)有条件同意出售，而深圳盛钧有条件同意购 买天津和新的100%股权，总代价为人民币3.02亿元;(ii)收购协议，据此，深圳盛钧有条件同意出售，而 宁波旭辉(公司附属公司)有条件同意购买宁波海曙兴礼50%股权，总代价为人民币3.02亿元。根据该等 股份转让协议，深圳盛钧就出售事项应付北京旭辉的代价将与宁波旭辉就收购事项应付深圳盛钧的代价 抵销。 ...

Core Insights - Hong Kong Stock Exchange (HKEX) reported record-high total revenue and net profit for the first three quarters of the year, with total revenue reaching HKD 21.851 billion, a 37% year-on-year increase, and net profit at HKD 13.419 billion, up 45% year-on-year [1][2] Group 1: Financial Performance - In Q3, HKEX's revenue was HKD 7.775 billion, reflecting a 45% year-on-year increase, while net profit was HKD 4.9 billion, up 56% year-on-year [1] - Average daily trading volume for the first three quarters reached HKD 256.4 billion, a 126% increase year-on-year, significantly contributing to the rise in trading and settlement fees [1] - Revenue from equity securities trading fees was HKD 4.193 billion, more than double the amount from the same period last year [1] Group 2: Market Activity - The average daily trading volume for the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect reached RMB 206.4 billion and HKD 125.9 billion respectively, both marking record highs for the first three quarters, with year-on-year increases of 67% and 229% [2] - Total revenue from the Stock Connect program rose to HKD 3.225 billion, an 81.18% increase year-on-year [2] - The derivatives market saw average daily trading volume for warrants and structured products reach HKD 17.7 billion, a 67% year-on-year increase [2] Group 3: New Listings and Capital Raising - The number of new stock listing applications surged, with 297 applications pending as of the end of Q3, more than three times the 84 applications expected by the end of 2024 [2] - HKEX ranked first globally in new stock fundraising for the first three quarters of 2025, with 69 companies listed and total fundraising amounting to HKD 188.3 billion, over three times the amount from the same period last year [2] - The total amount raised from follow-on offerings after listing reached HKD 457.2 billion, more than double the amount from the same period last year, marking the highest level since 2021 [2] Group 4: Strategic Developments - HKEX is actively optimizing mechanisms and responding to investor demands, with ongoing strategic reforms aimed at enhancing market diversification, liquidity, and global connectivity [3] - Analysts express optimism about HKEX's future performance, highlighting its core trading business and capital-raising capabilities as indicators of resilience and vitality as an international financial hub [3] - Continuous attention to international regulatory changes and compliance governance is essential for HKEX to maintain its competitive edge [3]