The Zhitong Finance App learned that CITIC Lyon released a research report stating that it reaffirmed the Hong Kong Stock Exchange (00388)'s “superior to the market” rating and set a target price of HK$265 for the next 12 months. Hong Kong Stock Connect accounts for 16% of the overall average daily turnover of the exchange. The average turnover from the beginning of the year to today is HK$106 billion, which is in line with the bank's full-year forecast.

While attending the forum, Hong Kong Stock Exchange CEO Chen Yiting said that improving market vitality is still the key to the company's strategy. Alibaba-SW (09988) shares are now officially included in Hong Kong Stock Connect. Along with 32 other H shares, the total market value of 33 stocks is HK$19 billion. According to the bank's estimates, this may bring in an incremental capital flow of 1 trillion yuan.