Group 1 - The Hong Kong Stock Exchange (HKEX) is set to implement a new trading fee structure on June 30, which will eliminate the previous minimum fee of 2 HKD and maximum fee of 100 HKD [1][3] - The new fee rate will be adjusted to 0.0042%, significantly reducing costs for small transactions (less than 47,600 HKD). For example, a transaction of 10,000 HKD will incur a fee of only 0.42 HKD, down from 2 HKD [3] - Approximately 77% of market transactions from 2019 to 2024 are expected to pay lower fees under the new structure, benefiting small investors and increasing market activity [3] Group 2 - Several institutions have raised their target prices for HKEX, with Morgan Stanley increasing its target from 440 HKD to 500 HKD, citing stronger average daily trading volume and profit forecasts [4] - Goldman Sachs has also revised its target price from 398 HKD to 455 HKD, indicating that HKEX's stock is undervalued relative to market activity levels, especially with potential increases in daily trading volume if more A-share companies list in Hong Kong [4] - As of June 27, 2025, HKEX's stock has risen 44.91% year-to-date, reaching a new high of 421.2 HKD, with a total market capitalization exceeding 530 billion HKD [3]