Group 1 - Goldman Sachs reports that Hong Kong Exchanges and Clearing (00388) has simplified trading and settlement fees, and the Securities and Futures Commission has recently expanded the holding limits for derivative products [1] - The firm views these changes as steps towards simplifying the platform, enhancing capital efficiency for market participants, and aligning with international standards [1] - Earnings per share forecasts for Hong Kong Exchanges and Clearing have been raised by 2%, 3%, and 4% for this year, next year, and 2027 respectively, with the target price increased from HKD 509 to HKD 524, implying a forecasted price-to-earnings ratio of 40 times for next year [1] Group 2 - The firm predicts a decrease in the expected yield from Hong Kong's margin balances to 1.97%, 1.39%, and 1.42% for this year, next year, and 2027 respectively [1] - Daily average sales are projected to be HKD 249 billion, HKD 275 billion, and HKD 299 billion for the respective years [1]