HK Stock Market Move | Hong Kong Stock Exchange (00388) rises over 5% again, the central bank introduces a series of heavyweight policies, and HSBC predicts that the Hong Kong Stock Exchange will benefit from the interest rate cuts.

The Hong Kong Stock Exchange (00388) rose by over 5% again, rising by 5.48% to 254.2 Hong Kong dollars, with a trading volume of 24.97 billion Hong Kong dollars. On the news front, on September 24th, the State Council Information Office held a press conference. The central bank announced several key policies: lowering the reserve requirement ratio and policy interest rates, leading to a downward trend in market benchmark interest rates; reducing existing mortgage rates and unifying the minimum down payment ratio for mortgages; creating new policy tools to support the development of the stock market. China International previously stated that although China's 1-year and 5-year LPRs remained unchanged in September, there is still a possibility of a reduction in reserve requirements by the Chinese central bank or a reduction in existing mortgage rates in the short term. Policy expectations are expected to continue to support the performance of Hong Kong stocks in the short term. In addition, the Fed announced a 50 basis point rate cut, and HSBC expects the Hong Kong Stock Exchange's revenue, market valuation, capital raising amount, etc. to benefit from the rate cut cycle.