Goldman Sachs: Maintains a buy rating on the Hong Kong Stock Exchange.

Goldman Sachs issued a research report on Hong Kong Exchanges and Clearing Limited, stating that the company's stock price has stayed flat since the beginning of the year, lagging behind the Hang Seng Index. This reflects investors' concerns about the pace of new listings after the China Securities Regulatory Commission pointed out a decline in the quality of listing documents. Concerns also arise due to relatively high daily trading volume and declining investment returns, as well as worries about the moderate prospects for profit growth in the 2026 fiscal year. The bank maintains a "buy" rating on the Hong Kong Exchanges and Clearing Limited, with an unchanged target price of 546 Hong Kong dollars.