Citi: Downgrade Hong Kong Stock Exchange (00388.HK) to "Neutral", target price of 340 Hong Kong dollars.

According to the China Fortune Financial APP, JPMorgan Chase released a research report stating that since early April, the stock price of Hong Kong Exchanges and Clearing Limited (00388.HK) has risen by about 14% from its low point. Comparatively, the Hang Seng Index has increased by 11% during the same period. Due to the recent market trading volume returning to a more normal level from the previous high of around 297 billion yuan per day, the daily average trading volume needs to reach 170 to 190 billion yuan at current price levels to be considered reasonable. It is recommended that if the stock price continues to rise, investors should take profit and leave the market, and the rating has been downgraded from "hold" to "neutral" with a target price of 340 Hong Kong dollars.