Hong Kong Exchange (00388) rose 15.08% in the afternoon, now trading at 375.40 Hong Kong dollars, with a volume of 10.371 billion Hong Kong dollars.

JPMorgan released research reports stating that the target price of Hong Kong Exchange has been raised from 280 Hong Kong dollars to 390 Hong Kong dollars, maintaining a "buy" rating. It is expected that the Hong Kong stock market turnover will increase, and there will be a simultaneous market reevaluation. The bank pointed out that the stock price of Hong Kong Exchange has risen by 47% in the past two weeks, compared to a 21% increase in the Hang Seng Index. Trading volume surged after the People's Bank of China and the China Securities Regulatory Commission announced stimulus measures. The bank raised its forecast for the average daily turnover of Hong Kong stocks this year, next year, and the year after by 8% to 9%, reaching 258 billion, 318 billion, and 379 billion yuan respectively, leading to a 5% to 7% increase in earnings per share forecast.