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Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
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Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
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The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
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【Zeekr Vice President Zhu Ling responds to the Zeekr X catching fire during transportation: it was caused by the high temperature of the truck's brakes.】In response to the online circulation of the news about the Zeekr X vehicle catching fire during transportation, Zhu Ling, Vice President of Zeekr Intelligent Technology, issued a statement. After a preliminary investigation, it was determined that the location of the fire was at the front drive wheel of the truck (second row of tires), and the preliminary judgment was that the tire caught fire due to the high temperature of the truck's brakes. The vehicles involved in this incident are Zeekr X vehicles exported to Australia, and the fire occurred near Xinxiang, Henan. Zhu Ling expressed incomprehension towards some media outlets that use extremely malicious sarcasm when referring to independent brands. While independent brands are expanding overseas markets for Chinese brands with their product strength, there are still some domestic media outlets trying to tarnish their own brands.
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