HSBC: Raise target price of Hong Kong Exchange (00388.HK) to 500 Hong Kong dollars and upgrade rating to "buy"

According to the Wise Finance APP, J.P. Morgan released a research report stating that the average daily trading volume of the Hong Kong Stock Exchange (00388.HK) continues to remain high, believed to be influenced by capital flows, the Stock Connect, IPOs, and improvements in the A-share market. The bank stated that the market's visibility on the mid-term outlook of the Hong Kong stock exchange usually leads to a reevaluation of the PE ratio, therefore raising its target price from 400 Hong Kong dollars to 500 Hong Kong dollars and upgrading its rating from "neutral" to "buy".