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HKEX has released its consultation conclusions and proposes shortening the settlement cycle for the Hong Kong stock cash market from T+2 to T+1, with implementation targeted for 2028 year September. The SFC welcomes the plan and will revise the relevant rules and procedures with HKEX.
October 16 Hong Kong stocks opened higher, with the Hang Seng Index up 1.08%, and the Hang Seng TECH Index up 1.59%; Zhipu rose 3.89%，MINIMAX-W rose 6.01%。
October 15 At the Hong Kong stock market close, the Hang Seng Index fell 1.03%, while the Hang Seng TECH Index fell 2.72%; Zhipu,MINIMAX-W, and multiple technology stocks fell significantly.
According to Bitget market data cited by BlockBeats, Hong Kong-listed Zhipu October 14 fell intraday 1.83%to 590 Hong Kong dollars, reaching this year’s March new low.
October 12 Hong Kong stocks closed, with the Hang Seng Index rising 0.25%，while the Hang Seng TECH Index fell 0.67%; domestic banks and biopharmaceuticals were active sectors, while optical communications stocks declined.
BIT Securities announces the opening of its Hong Kong stock business, initially covering the HKEX Main Board and GEM individual stocks,IPO subscriptions and margin trading, and supports the use of USDT/USDC for deposits and withdrawals.
October 12 At the Hong Kong market open, new energy vehicle stocks broadly rose, with Leapmotor up more than 6%, and Geely Automobile up more than 5%。
A CITIC Securities research report said that third-quarter earnings growth for U.S. equities may extend to non-technology industries such as energy, materials, and health care; expectations for Hong Kong stocks’ fundamentals have bottomed out, but liquidity remains under pressure.
BlockBeats, citing Bitget market data, reported that Yunfeng Financial Group (00376.HK) rose more than 39%, with its share price breaking above 2.4 HKD in the afternoon. The report attributed the short-term surge to strength in the sectors, as well as factors including the company’s licensing-structure restructuring and growth in insurance earnings.
BlockBeats cited Bitget market data as saying that Xiaomi Group-W rose over 8%to 25.54 HKD, and said that its first range-extended vehicle recorded over 70000 locked orders in its first month after launch, while September automobile deliveries surpassed 40000 units.
BlockBeats, citing Bitget market data, reported that October 8 Hong Kong-listed AI concept stocks declined,MINIMAX falling more than 10%, while Zhipu fell more than 6%, Xunce fell nearly 5%, and Baidu and Meituan edged lower.
major Hong Kong stock indexes October 6 closed higher, with the Hang Seng Index up 1%, the Hang Seng Tech Index up 0.94%, and Zhipu up 7.59%。