HK Stock Market Move | NANHUA FUTURES (02691) surged more than 11% in early trading, recently entered the list of Hong Kong Stock Connect, and the company plans to expand its overseas business.

NANHUA FUTURES (02691) rose over 11% in the morning session, and as of the time of writing, it is up 8.88% to HK$11.4, with a trading volume of HK$37.6533 million. On the news front, on January 19th, NANHUA FUTURES was included in the Hong Kong Stock Connect. Analysts believe that the company's inclusion in the Stock Connect is expected to significantly enhance its trading liquidity. In addition, currently, Nanhua Futures' H shares are trading at a significant discount to its A shares, which may attract a large number of mainland investors to take action, resulting in a closer linkage between the AH shares of Nanhua Futures, and its H shares may undergo a revaluation. It is worth noting that Nanhua Futures recently stated that the company's domestic and foreign brokerage businesses involve futures commodities such as gold and silver. The prospectus shows that Nanhua Futures plans to allocate all of the net proceeds from the global offering of its H shares to its overseas business unit, Henghua International, to enhance the capital base of its overseas subsidiaries in China, Hong Kong, the UK, the US, and Singapore, expand its overseas business, optimize its overseas business structure, and strengthen its competitiveness and risk tolerance in the global market.