HONG KONG EX&CL UNSP/ADR - HKXCY STOCK NEWS

CIMC Group reported a total revenue of approximately RMB 141.5 billion for 2022, with a net profit of RMB 4.6 billion, despite a decline from 2021's record highs. The company navigated a challenging environment by enhancing its logistics and energy equipment manufacturing, investing in new energy sectors, and diversifying its business portfolio. Key divisions, including container manufacturing and road transportation, showed stable year-on-year growth, with reported revenues of RMB 45.711 billion and RMB 23.621 billion, respectively. Furthermore, CIMC proposes a cash dividend of RMB 0.18 per share, subject to shareholder approval.

Hong Kong Exchanges and Clearing Limited (HKEX) has announced plans to open a new office in London in the first half of 2023. This expansion aims to enhance HKEX's international presence, improving global connectivity for its customers. The London office will promote HKEX's equity offerings and provide European clients with direct insights into Hong Kong's capital markets. With HKEX's subsidiaries recognized by the UK's Financial Conduct Authority, the office will strengthen ties with investors and market participants during European working hours. HKEX already operates offices in Beijing, New York, Shanghai, and Singapore.

On December 20, 2022, Hong Kong Exchanges and Clearing Limited (HKEX) announced the opening of its new office in New York. Headed by Roger McAvoy, this office aims to enhance HKEX's engagement with its North American clients, promoting its primary and secondary cash markets and diverse derivatives ecosystem. The move is part of HKEX's strategy to support global connectivity and bolster relationships with investors. Additionally, HKEX plans to open a European office, further expanding its international presence.

On December 15, 2022, HKEX launched Asia's first crypto asset ETFs, enhancing its product ecosystem for Hong Kong and global investors. The newly listed CSOP Bitcoin Futures ETF (Stock code: 3066) and CSOP Ether Futures ETF (Stock code: 3068) track Bitcoin and Ether futures traded on the CME. Average daily turnover for Hong Kong-listed ETPs rose by 50% year-on-year to HK$11.8 billion in 2022, reflecting growing market interest. With 168 ETPs listed as of November 2022, HKEX continues to expand its diverse product offerings in the fast-growing ETF segment.

Hong Kong Exchanges and Clearing Limited (HKEX) launched the Hang Seng TECH Index Futures Options today, enhancing its derivatives suite. These options allow investors to manage risks better with an underlying futures contract. Since their launch in August 2021, options have grown rapidly, achieving an average daily volume of 48,220 contracts as of November 23, 2022, and open interest exceeding 1,119,000 contracts valued at US$52 billion. A trading fee discount and a six-month commission levy exemption will promote these products further.

On June 28, 2022, Hong Kong Exchanges and Clearing Limited (HKEX) announced that Exchange Traded Funds (ETFs) will be included in the Stock Connect program effective July 4, 2022. This initiative allows all Hong Kong and overseas investors to trade eligible SSE-listed and SZSE-listed ETFs for the first time. The initial list of eligible ETFs, determined by a cut-off date of April 29, 2022, is available on the HKEX website, with reviews every six months to update eligibility. HKEX aims to collaborate closely with Mainland partners to ensure a successful rollout.