Analysis of Popularity Reasons and Market Impact for 9F Holdings (09636.HK)

9F Holdings (09636.HK) recently made it to the East Money App’s Hong Kong Stock Popularity List, driven primarily by two major catalysts. First, as an investor in HashKey (03887.HK), which is undergoing a high-profile IPO [1], the company has gained potential market linkage effects. Second, starting December 8, 2025, the company adjusted its minimum trading unit from 500 shares to 100 shares, significantly reducing entry costs for retail investors and enhancing the stock’s market accessibility [0]. As of 10:33 on December 11, 2025, the stock was quoted at HK$50.50, up 0.398% on the day [0].

The adjustment of the minimum trading unit is the core internal driver behind this rise in popularity. It directly lowers the investment threshold and is expected to attract more retail investors to trade [0]. HashKey’s IPO, as an external event, brings associated market attention to the company; if HashKey’s IPO performs strongly, it may further boost 9F Holdings’ stock performance [1]. The combination of these internal and external catalytic effects is the main reason the stock entered the popularity list.

: A lower trading threshold may increase trading volume and enhance stock liquidity [0]; HashKey’s successful IPO may bring investment returns and improved market confidence to the company [1].
: If HashKey’s IPO performs below expectations, it may negatively impact the company’s stock price [1]; increased retail investor participation may exacerbate stock volatility [0]. Currently, there is a lack of clear support/resistance level data, leading to high uncertainty in short-term price trends [0].

9F Holdings (09636.HK) has become a popular Hong Kong stock due to the minimum trading unit adjustment and HashKey IPO event. As of 10:33 on December 11, 2025, the stock price was HK$50.50, up 0.398%. The reduced trading threshold improves accessibility and is expected to increase trading volume, but attention should be paid to HashKey’s IPO performance and volatility risks from retail trading.