Hong Kong Financial Secretary Paul Chan: 70% of offshore RMB settlements are completed through Hong Kong, with monthly settlement volume exceeding RMB 41 trillion.
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The People's Bank of China and Hong Kong regulators support the joint establishment of a fixed-income and currency electronic trading platform in Hong Kong.
PANews reported on July 7 that the People's Bank of China, the Hong Kong Monetary Authority, and the Hong Kong Securities and Futures Commission jointly announced their welcome to the China Foreign Exchange Trading Center and the Hong Kong Stock Exchange for jointly establishing a Hong Kong electronic fixed income and currency trading platform. This initiative aims to deepen cooperation between the mainland and Hong Kong financial markets and consolidate Hong Kong's position as an international financial center and offshore RMB business hub. The announcement stated that the platform will be based in Hong Kong, oriented towards the international market, and will adhere to international market standards and Hong Kong regulatory requirements. It will strive to create an open, fair, efficient, and stable fixed income and currency trading infrastructure, and will enhance trading efficiency and transparency, promote price discovery, reduce transaction costs, and explore technological innovation to empower financial services. The specific launch date of the platform will be announced in due course.
Chinese storage unicorn Shenzhen Grand Semiconductor has submitted a listing application to the Hong Kong Stock Exchange.
According to BlockBeats, on July 3, Hong Kong Stock Exchange filings show that Shenzhen Hongxinyu Electronic Co., Ltd., a Chinese memory chip unicorn company, submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities International acting as the sole sponsor. The company plans to raise funds for product development, controller chip iteration, and capacity expansion. Shenzhen Hongxinyu Electronic Co., Ltd. (hereinafter referred to as "Hongxinyu") was founded in 2018 and is a rapidly rising independent Chinese memory chip manufacturer. It has become the fifth largest domestic manufacturer globally and the second largest in mainland China. Its main products include embedded memory (eMMC/UFS), solid-state drives (SSDs), mobile storage, and DRAM modules, which are widely used in consumer electronics, automotive electronics, AI/data centers, and other fields. Its products have entered the supply chains of Xiaomi, OPPO, vivo, TCL, and other companies, and have obtained automotive-grade certification. After its Series D financing in 2023, its post-investment valuation was approximately RMB 10.8 billion, with investors including TCL and Ting Hsin Group.
Shenzhen Platinum New Materials Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange.
According to Mars Finance, Shenzhen Platinum New Materials Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CITIC Securities as the sole sponsor.
Ruwei Technology's stock price fell nearly 17% on its first day of trading on the Hong Kong Stock Exchange, closing at HK$18 per share.
Mars Finance reported on July 8th that Ruwei Technology's stock price fell nearly 17% on its first day of trading on the Hong Kong Stock Exchange, closing at HK$18 per share. (Science and Technology Treasure Broadcast)
Hong Kong Stock Exchange: Average daily turnover in the first half of 2026 increased by 18% compared to the same period last year.
PANews reported on July 7th that, according to a report by Cailian Press, the Hong Kong Stock Exchange announced that the average daily turnover in the first half of 2026 was HK$283 billion, an increase of 18% compared to HK$240.2 billion in the same period last year; the average daily turnover of exchange-traded funds (ETFs) was HK$39.6 billion, an increase of 17% compared to HK$33.8 billion in the same period last year; and the average daily turnover of leveraged and inverse products was HK$8.8 billion, an increase of 110% compared to HK$4.2 billion in the same period last year. The average daily turnover in June 2026 was HK$319.1 billion, an increase of 9% compared to HK$292.9 billion in the previous month and an increase of 39% compared to HK$230.2 billion in the same period last year.
Hong Kong Stock Exchange's USD gold futures trading volume hit a record high
According to Odaily, the Hong Kong Stock Exchange announced that a record 6,676 contracts were traded in the daytime trading session for US dollar gold futures, surpassing the previous record of 3,039 contracts set on November 7, 2022. The bid-ask spread for the most active month contracts narrowed to one to two ticks, with the August contract as low as $0.01 (one tick) and the December contract as low as two ticks. The Hong Kong Stock Exchange (HKEX) continues to introduce optimization measures for its US dollar gold futures contracts, attracting active participation from various market participants, including banks, securities firms, high-frequency trading institutions, traders, gold producers, and consumer companies. This is an important step in HKEX's strategy to improve its gold product portfolio and deepen its diversified asset ecosystem, further supporting Hong Kong's development into a leading international gold trading and storage center. (HKEX)