Morgan Stanley raised its target price on the Hong Kong Stock Exchange because turnover is higher and capital market activity is expected to remain strong. Analysts, including RichardXu, wrote in the research report: “As residents' financial assets increase and asset allocation shifts from deposits to fund products, we expect capital market activity to remain high.” The IPO environment is still improving, raising HK$342 billion from January to August; as of the end of August, 501 listing applications were still being processed. Morgan Stanley raised its target price on the Hong Kong Stock Exchange from HK$515 to HK$538.

Morgan Stanley raised its target price on the Hong Kong Stock Exchange because turnover is higher and capital market activity is expected to remain strong. Analysts, including RichardXu, wrote in the research report: “As residents' financial assets increase and asset allocation shifts from deposits to fund products, we expect capital market activity to remain high.” The IPO environment is still improving, raising HK$342 billion from January to August; as of the end of August, 501 listing applications were still being processed. Morgan Stanley raised its target price on the Hong Kong Stock Exchange from HK$515 to HK$538.