HK Stock Market Move | BRIGHT SMART (01428) up more than 8%, Ant Group's acquisition of Yao Tsai approved by regulators, the company recently entered the Hong Kong stock connect list.

BRIGHT SMART (01428) rose by over 8%, reaching a 6.54% increase as of the time of publication, at 14.49 Hong Kong dollars, with a turnover of 1.723 billion Hong Kong dollars. On the news front, the acquisition of Hong Kong brokerage firm Bright Smart Securities by Ant Group has officially received regulatory approval, with the transaction expected to be completed on March 30. This acquisition is strategically important for Ant Group, as it is a key step in accelerating its internationalization and improving its financial ecosystem. Through this, Ant Group will be able to connect the full chain of payment, digital banking, cross-border finance, securities, and tech services in the Hong Kong market, providing more comprehensive financial services to its retail and corporate clients. It is worth noting that on March 6, the Shanghai and Shenzhen Stock Exchanges issued a notice on the adjustment of Hong Kong Stock Connect targets, with BRIGHT SMART entering the list. With inclusion in the Hong Kong Stock Connect, funds can now trade BRIGHT SMART through this channel, expanding the potential investor base for the stock and influencing liquidity and fund structure.