12月16日，香港交易所CEO陈翊庭发表网志称，2025年至今，香港新股市场已经迎来超过100家上市公 司（包括今年全球最大的两宗IPO），融资总额已超过2700亿港元。展望2026，目前上市科正在处理的 上市申请超过300家公司。 ...

2025年至今，香港新股市场已经迎来超过100家上市公司(包括今年全球最大的两宗IPO)，融资总额已超 过2,700亿港元。展望2026，目前上市科正在处理的上市申请超过300家公司。 陈翊庭续称，市场总是周期性的，难以预测，但我们坚信亚洲市场的长期前景向好。亚洲经济增长将持 续推动区内金融市场不断发展，释放区域内的机遇，吸引全球资本，亚洲金融市场有潜力发展成为全球 最大的资本市场。对于香港交易所而言，这是香港成为全球金融市场核心的巨大机遇。 此外，我们将继续扩大上市公司的来源。今年随着内地企业加速出海，来香港上市的内地企业越来越国 际化，半数在香港上市的内地企业都有相当比例的业务收入来自境外。而且，香港交易所今年已经迎来 多家来自印尼、哈萨克斯坦、新加坡、泰国和阿联酋的企业上市。未来，我们将继续利用这一平合，吸 引更多国际公司(尤其是亚洲其他地区的公司)来上市，帮助全球投资者分享亚洲增长机遇。 原文如下： 智通财经APP获悉，香港交易所(00388)CEO陈翊庭发表网志称，2025年1月的 "DeepSeek时刻" 不仅彰显 了中国在前沿科技领域的实力，更提醒世界，中国这个全球第二大经济体的增长模式正在从传 ...

纳斯达克北美市场高级副总裁查克·麦克表示，市场全球化程度不断加深。国际投资者希望摆脱时区束 缚，按照本地作息时间参与美国股市交易。这一表态直接体现了交易所对客户需求变化的敏锐感知。 延长交易时间的成功实施，关键在于证券信息处理器的技术升级。该处理器负责显示美国交易所最准确 的股票报价信息。美国存管信托与结算公司计划在2026年底前推出股票的全天候清算服务。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 纳斯达克正式向美国证券交易委员会提交申请，推进股票交易时间大幅延长计划。该交易所计划将股票 及交易所交易产品的交易时长，从目前每周五个交易日的16小时，扩展至23小时。 此项申请于当地时间12月15日递交，标志着美国资本市场向全天候交易模式迈出关键一步。纳斯达克的 目标是在2026年下半年正式推出延长交易服务，与纽约证券交易所、芝加哥期权交易所等机构的类似计 划保持同步。 新的"23/5"交易模式将重新构建时间安排。日间交易时段从美东时间凌晨4点开始，延续至晚上8点结 束。随后进行一小时的系统维护、测试及交易清算工作。夜间交易时段则从晚上9点启动，持续至次日 凌晨4 ...

Core Viewpoint - Nasdaq plans to extend trading hours for stocks and exchange-traded products from 16 hours to 23 hours per week, aiming to meet the growing global demand for U.S. stocks [3][5][6]. Group 1: Extended Trading Hours - Nasdaq will submit a proposal to the SEC on December 15 to implement nearly round-the-clock trading, with the new schedule set to begin in the second half of 2026 [5][9]. - The new trading schedule will include two trading sessions: a daytime session from 4 AM to 8 PM and a nighttime session from 9 PM to 4 AM [5][6]. - The daytime session will maintain the traditional opening and closing bells, while the nighttime session will allow trades to be counted for the next trading day [5][6]. Group 2: Market Demand and Globalization - There has been a significant increase in investor demand for continuous trading of U.S. stocks, prompting regulatory changes and approval of proposals for trading outside normal hours [7][9]. - The globalization of capital markets has made U.S. stocks an important asset for international investors, who often face challenges trading during local nighttime hours [7][9]. - Nasdaq's senior vice president Chuck Mack emphasized the need for international investors to trade according to their local schedules, reflecting the exchange's responsiveness to customer demand [7][10]. Group 3: Implementation Timeline and Challenges - Nasdaq aims to officially launch the extended trading service in the second half of 2026, aligning with similar plans from other major exchanges like the New York Stock Exchange and Chicago Board Options Exchange [9]. - Successful implementation of continuous trading will depend on upgrades to the securities information processor, which provides accurate stock quotes [9]. - Concerns from major Wall Street institutions regarding liquidity, volatility, and uncertain returns may pose challenges to the push for continuous trading [9].

来源：证券时报 更多最新消息： 据报道，纳斯达克称即将向美国证券交易委员会提交文件，申请推出近乎全天候的股票交易，将股票及 交易所交易产品的交易时长从每周五个交易日的16小时延长至23小时。目前，纳斯达克在工作日设有三 个交易时段：美国东部时间凌晨4点至上午9点30分的盘前交易时段、上午9点30分至下午4点的常规交易 时段，以及下午4点至晚上8点的盘后交易时段。 当纳斯达克实行"23/5"（每周五个交易日23小时交易制）时，计划设置两个交易时段：日间交易时段从 凌晨4点开始，至晚上8点结束，随后进行一小时的维护、测试及交易清算；夜间交易时段则从晚上9点 开始，至次日凌晨4点结束。 日间交易时段将继续包含盘前、常规及盘后交易时段，并保留上午9点30分的开市钟和下午4点的收市 钟。夜间交易时段中，晚上9点至午夜12点执行的交易将计入次日交易。根据新计划，交易周将于周日 晚上9点开始，并在周五日间交易时段结束后的晚上8点收市。 ...

Group 1 - Nasdaq plans to submit a proposal to the SEC for nearly round-the-clock stock trading, extending trading hours from 16 hours to 23 hours on weekdays [1] - The new trading schedule will include two trading sessions: a daytime session from 4 AM to 8 PM and a nighttime session from 9 PM to 4 AM [1] - The daytime session will maintain pre-market, regular, and after-hours trading, while the nighttime session will count trades executed from 9 PM to midnight towards the next trading day [1]

Core Viewpoint - Nasdaq plans to submit a proposal to the SEC for 24/5 stock trading to meet the growing global demand for U.S. stocks, marking a significant shift in trading hours [1][2]. Group 1: Trading Hours Expansion - Nasdaq will extend daily trading hours from 16 to 23 hours, operating five days a week, with a new schedule that includes a day session (4:00 AM - 8:00 PM) and a night session (9:00 PM - 4:00 AM) [2]. - The new trading week will start on Sunday at 9:00 PM and end on Friday at 8:00 PM, with a one-hour break for system maintenance [2]. Group 2: Market Demand and Globalization - There is a significant increase in demand for night trading, particularly from international investors, as they seek to participate in the U.S. market according to their own time zones [4]. - Nasdaq's move reflects a broader trend of globalization in the U.S. market, with foreign investors holding $17 trillion in U.S. stocks as of last year [1][4]. Group 3: Industry Response - While proponents believe that 24/5 trading will allow quicker responses to market dynamics outside regular hours, major Wall Street banks express caution, fearing potential liquidity decline and increased volatility [3]. - Nasdaq has built a resilient and high-throughput system to handle increased trading activity during market stress [4].

Core Viewpoint - Nasdaq plans to submit a proposal to the SEC for a 24/5 trading service to meet the growing global demand for U.S. stocks, marking a significant shift in trading hours for the exchange [1][2]. Group 1: Trading Hours Expansion - Nasdaq will extend daily trading hours from 16 hours to 23 hours, operating five days a week, with a new structure of daytime and nighttime trading sessions [2]. - The new trading schedule will include a one-hour break for system maintenance, with daytime trading from 4:00 AM to 8:00 PM and nighttime trading from 9:00 PM to 4:00 AM [2]. Group 2: Market Demand and Globalization - There is a significant increase in demand for U.S. stocks from international investors, with foreign ownership of U.S. stocks reaching $17 trillion [1][3]. - Nasdaq's executives emphasize the trend of globalization in the market, indicating that investors worldwide want to trade according to their own time zones [4]. Group 3: Industry Response and Concerns - Major Wall Street banks express caution regarding the potential impacts of 24/5 trading, including concerns about liquidity, increased volatility, and uncertainty in investment returns [3]. - Despite lower trading volumes during extended hours, there is a notable rise in demand for after-hours trading, primarily through alternative trading systems [4].

Core Viewpoint - Nasdaq plans to submit a proposal to the SEC to introduce an all-day trading mechanism, extending trading hours from 16 hours to 23 hours per day, five days a week [1] Group 1: Trading Hours Expansion - Nasdaq intends to expand trading hours to five days a week, 23 hours a day [1] - The new trading schedule will consist of two trading sessions: a daytime session from 4 AM to 8 PM and a night session from 9 PM to 4 AM [1] - The daytime session will maintain the current pre-market, regular, and after-hours trading arrangements, with the market opening at 9:30 AM and closing at 4 PM [1] Group 2: Trading Week Adjustment - The trading week will be adjusted to start at 9 PM on Sunday and end at 8 PM on Friday [1] - Trades executed during the night session from 9 PM to midnight will be counted towards the next trading day [1]

财政部此次的国债发行总规模达70亿元人民币，其中包括20亿元人民币的2年期国债，30亿元人民币的3 年期国债，和20元亿人民币的5年期国债。香港交易所将继续支持点心债的发行，进一步巩固香港作为 国际离岸人民币枢纽的地位，为全球投资者提供更多优质人民币资产选择并推动人民币国际化。 截至今天，在香港交易所上市的人民币计价债券有近300只，其中今年上市的有107只，累计融资额超过 2,000亿元人民币。 香港交易所欢迎中国财政部再次发行三只人民币国债。 ...