The market is challenging in the second half of the year

HKEx (388) announced that its half-year results exceeded expectations. Net profit increased 44% year-on-year to 5.041 billion yuan, earnings per share was 4.07 yuan, and interim dividend was 3.64 yuan. After the stock price, it rose to a maximum of 232.8 yuan, 2.6% higher than the previous closing price, and closed at 229 yuan, up 1%.

Hong Kong Chengsheng Branch Enterprise in the city center

After the reform of the listing system of the Hong Kong Stock Exchange became effective, 10 biotech companies have been applied for and another 3 WW applications have been filed. Chief Executive Li Xiaojia said, “There is confidence that Hong Kong will become the center of biotechnology companies’ listing. Land, there is also confidence in the establishment of new economic enterprises to come to Hong Kong.” Only need to give time to develop.

He pointed out that 235 listing applications were temporarily recorded so far this year. The number of companies listed during the period was more than that of last year. The amount of funds raised by 187 billion was similar to that of last year.

Li Xiaojia pointed out that the market is challenging in the second half of the year. The stock market seems to lack direction. Although the transaction volume is difficult to compare with earlier this year, the market volatility is also conducive to the transaction of derivative products.

As for ETF, treasury bonds and other new products that need to be carried out in cooperation with the Mainland, Li Xiaojia said that it is difficult to make real progress in the short term and in a few weeks. It is expected that there will be new news in the medium term from month to year.

The first WVR stock Xiaomi (1810) was refused to be included in the Hong Kong Stock Connect. Earlier, it planned to establish a stable trading mechanism with the mainland exchange. Li Xiaojia said: “There are specific arrangements, and time is not necessarily the top priority of other exchanges. Failure to disclose details will be announced as soon as possible after the official consent of the three parties.”

The HKEx has also tested the Northward Investor Identification Mechanism. Li Xiaojia will test the technical issues again and is expected to be officially implemented on September 10. The HKEx suspended the enterprise version of WVR last month. He also pointed out that the issue was left to be discussed at the September meeting of the listing policy group formed by the CSRC. Whether the launch will be explained to the market or not.