GO
| HSI1 | 23,446.34 | +110.06 | 257.13B |
| HSCEI1 | 7,773.67 | +14.31 | 71.88B |
| Back Zoom + Zoom - Block Traded | |
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2026-06-22 13:52:55 G Sachs said in a report that the China Securities Regulatory Commission has reiterated its support for launching offshore China government bond futures. The bank views this as another important step in the development of China癒礎s interest rate derivatives market and a potential catalyst to drive foreign investor participation. For HKEX (00388.HK), G Sachs believes this could deliver both revenue growth potential and diversification benefits. Based on FY2025 data, the bank estimates that if foreign participation rises from 2% to 10% and derivatives market penetration increases from 1% to 10%, this could generate HKD3.6 billion in additional revenue, equivalent to about 12% of its FY2025 revenue. The bank noted that HKEX癒礎s share price has fallen 6% YTD, broadly in line with the HSI癒礎s 5% decline, reflecting investor concerns over short-term profit growth and the quality of IPO pipeline companies. HKEX is currently trading at 25x FY2027 forecast PE, below its historical average of 34x. The bank believes the current level offers an attractive entry point and reiterates its Buy rating with a TP of HKD540. (su/j)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |