MS-HSI @EC2602B

HSI Futures Night Session Closed Up 1.04% at 26,778.91

HKMA Injects HKD 4.73 Billion in Liquidity

Hang Seng Index Futures Feb and Mar Contracts Ended Higher

HSI Futures Open Down 0.45% at 26,383.50 Points

Hang Seng Index Futures Open 1.24% Lower in Day Session

Update on HSCEI Bull and Bear Street Position Distribution

HSI Futures Evening Session Closes Down 1.05% at 26703

14 Provinces Implement Electronicized Notarized Documents for Hong Kong Investors

Central Bank of UAE and HKMA Hold Financial Services Cooperation Meeting

HSI Night Index Rises by 168 Points

Update on Bull and Bear Warrant Street Positions of Hang Seng Index

Hong Kong Dollar Hibor 普遍下跌创近期新低

HSI Futures Day Session Opens Up 1.98% at 27,069.32

Hong Kong Futures Night Session Rises by 1.85%

Hang Seng Index Futures Night Session Rises 1.8%, Closes at 27053 Points

Hang Seng Index Futures Down 1.72% at Open to 26,418

HANG SENG NIGHT FUTURES CLOSE AT 26534 POINTS DOWN BY 1.173% ON FEB 5

CITIC Securities HK Index Bull and Bear Certificates Street Cargo Data Changes

Hong Kong Index Futures Fall Over 1% in Overnight Trading

HSI futures up 31 points, China Enterprises Index futures flat, Tech Index futures down 99 points

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On the first trading day of the Year of the Horse in the Hong Kong stock market, the market is optimistic about the trend, expecting the Hang Seng Index to reach 30,000 points. Experts analyze that the overall return for the Year of the Horse could reach 13%, and point out that CATL and KB LAMINATES are potential lucky stocks. The market environment is more positive compared to the Year of the Snake, and the possibility of capital flowing into the Hong Kong and mainland stock markets has increased, with the Hang Seng Index expected to rebound to 31,000 points

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Hang Seng Index

Year of the Horse Red Envelope Stocks | AI Concept Explodes, Experts Analyze Each Stock, Potential Returns Can Reach 40%, MINIMAX Expected to Become a "Golden Cow Stock"

Hong Kong's hotels and tourist-area restaurants experienced strong business during the Lunar New Year, despite a significant increase in outbound travel by residents. The city saw a rise in mainland Chinese tourists, attributed to strained relations with Japan. Hotel occupancy rates reached 90-95%, with revenue up 12-15% year-on-year. However, the net inflow of visitors from the mainland fell by 20%, indicating shorter stays. While major tourist hotspots thrived, some neighborhoods struggled due to local customer departures. The government anticipates 11.38 million passengers during the holiday period, hoping festivities will encourage longer stays.

南华早报

Hong Kong hotels, tourist-area eateries report brisk trade over Lunar New Year

During the Lunar New Year holiday, around 500 Guangdong motorists participated in the Southbound Travel for Guangdong Vehicles scheme, entering Hong Kong for sightseeing and shopping. Notable visits included scenic spots and car showrooms. The scheme, launched in December 2025, allows approved vehicles to stay for up to three days. The Transport Department reported favorable bookings, with over 3,000 applicants eligible to enter Hong Kong's urban areas. Motorists appreciated the convenience of driving compared to public transport, with many planning future trips.

How Guangdong drivers are celebrating Lunar New Year in Hong Kong

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The IMF criticized China's economic policies for causing domestic waste and international damage, urging a shift towards a consumption-led growth model. The report highlighted China's large current-account surplus and its adverse effects on trading partners, attributing some of it to the depreciation of the yuan. The IMF called for significant policy changes, including fiscal stimulus and structural reforms, to rebuild consumer confidence and address imbalances. Despite China's growth meeting targets, the IMF forecasts a slowdown, with concerns over deflation and reliance on net exports.

- The International Monetary Fund (IMF) criticized China’s economic policies for causing domestic waste and foreign harm, urging a shift towards a consumption-based growth model.  
- The IMF's annual review emphasizes China's large current account surplus, which poses negative spillover effects on trade partners and is attributed to the depreciation of the renminbi.  
- The report anticipates a slowdown in China's GDP growth to 4.5% this year, emphasizing the need for significant policy transformation despite disagreements from Chinese representatives regarding these assessments.

Businesstimes News

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IMF warns China’s economic policies are causing damage to others

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Tens of thousands are gathering along Hong Kong's Victoria Harbour for the Lunar New Year fireworks, featuring 31,888 pyrotechnic shells at a cost of HK$19 million. Chief Executive John Lee Ka-chiu emphasized the event's significance in showcasing Hong Kong's blend of tradition and modernity. Despite efforts to boost tourism, some mainland visitors plan to leave after the display. The fireworks, themed "Prosperity Gallops Across Hong Kong," will span 850 meters and reach heights of 250 meters, with increased attendance from mainland tourists noted this year.

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Tens of thousands eagerly waiting for Hong Kong Lunar New Year fireworks

Hong Kong experienced a 10.4% increase in visitors on the first day of Lunar New Year, with 153,383 arrivals, primarily from mainland China. Over the first two days, total inbound trips reached 265,140, a 7.8% rise from last year. Authorities anticipate 1.43 million visitors from the mainland during the holiday. Popular attractions like the Hong Kong-Zhuhai-Macau Bridge and High Island Reservoir saw heavy traffic and crowds. The Tourism Board is monitoring visitor flow and enhancing site management to accommodate the influx.

- Hong Kong welcomed 10.4% more tourists on the first day of the Lunar New Year compared to last year, with 153,383 arrivals.  
- The total number of inbound tourists over the first two days reached 265,140, a 7.8% increase from the previous year, largely due to mainland visitors.  
- Authorities anticipate 1.43 million mainland tourists during the holiday period, leading to enhancements in crowd management and rest facilities.

Hong Kong marks start of Lunar New Year with surge of visitors

Hong Kong's rural leader Kenneth Lau Ip-keung emphasized the need for vigilance and innovation during a Lunar New Year prophecy ritual. He drew a neutral fortune stick, urging the city to remain cautious amid geopolitical tensions and to embrace innovation, particularly in the Northern Metropolis project. Fortune-teller Chan Tin-yan predicted a promising economic revival in the latter half of the year, advocating for government infrastructure development and job creation. Meanwhile, a negative omen was drawn for Sha Tin, echoing past challenges faced by the city.

‘Stay vigilant even in peace,’ rural leader says in Lunar New Year prophecy

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Local residents and tourists visited the wishing tree in Tai Po on Lunar New Year, despite rain, to pray for health and prosperity. Visitors hung wishing placards on the tree, a tradition believed to grant wishes. The Hong Kong Well-wishing Festival will run until March 3, featuring a market and games. Acting Secretary Clement Woo extended wishes for the country's prosperity and mentioned ongoing consultations for the city's five-year plan after the upcoming "two sessions" in March. Maggie Wong was appointed as the new Permanent Secretary for Constitutional and Mainland Affairs.

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Hong Kong crowds flock to Tai Po wishing tree for Lunar New Year blessings

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Hong Kong feng shui masters warn that the Year of the Horse, characterized by excessive 'fire energy', may lead to conflicts and volatility, particularly for China and the US. They advise caution to avoid aggressive actions and predict a gradual economic improvement for Hong Kong amidst geopolitical tensions. Key sectors like finance, healthcare, and tourism are expected to perform well, while investors should be wary of significant market fluctuations in mid-year. The year may also favor Chief Executive John Lee due to favorable elemental influences in his birth chart.

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Beware excessive ‘fire energy’ in Year of the Horse: Hong Kong feng shui masters

China, Singapore, and Hong Kong markets are closed on February 17 for the Lunar New Year, with China observing a nine-day Spring Festival holiday from February 15-23. Mainland China markets will reopen on February 24, while Hong Kong resumes trading on February 20 and Singapore on February 19. The closures are expected to impact liquidity and trading conditions, with Hong Kong becoming a key venue for trading during this period. Officials anticipate a record travel surge, which may support consumption themes in various sectors.

Investinglive

Reminder, China, Singapore &  Hong Kong markets are all closed today, Tuesday, February 17

Wang Yang, Vice President of the University of Hong Kong, announced that the city has begun experimenting with the digital yuan in its digital asset market settlement processes. According to NS3.AI, Hong Kong is also leading the issuance of digital bonds settled with both the digital yuan and the digital Hong Kong dollar. This initiative positions Hong Kong as a key player in mainland China's real-world asset markets and suggests the potential rise of offshore renminbi stablecoins supported by digital yuan reserves.

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Hong Kong Pioneers Digital Yuan in Asset Settlement

The Hong Kong Monetary Authority injected HKD 4.73 billion in liquidity to banks through the discount window

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Asian markets were subdued as the Chinese New Year holiday approached, with trading floors closed in several cities. Japan's GDP growth of just 0.1% in Q4 2025, below expectations, raised concerns for Prime Minister Takaichi's economic plans. While Tokyo closed down 0.2%, Hong Kong rose 0.5%. Investors are focused on AI developments amid a tech-led market recovery, with the AI Impact Summit starting in New Delhi. US inflation data showed improvement, potentially allowing for future interest rate cuts, while gold prices dipped below $5,000 an ounce.

EFUND GOLD MI ETF

Asian markets sluggish as Chinese New Year holiday looms

Hongkongers made nearly 1.4 million outbound trips in the three days before Lunar New Year’s Eve, a 21.6% increase from last year, while inbound journeys rose by 5% to over 550,000. The holiday period allowed for a nine-day break, with the festive season coinciding with Valentine’s Day in 2026. Local florists reported weaker business due to overlapping celebrations, while restaurants experienced good bookings for reunion dinners, despite a slight decline on Lunar New Year’s Eve. Prices for family dinners rose by about 5%, reflecting increased demand.

- During the three days before the Lunar New Year, Hong Kong residents took approximately 1.39 million outbound trips, a 21.6% increase from last year, while inbound trips slightly rose to over 551,000.  
- The Lunar New Year coincides with Valentine's Day this year, affecting local flower sales, with retailers experiencing a decline in business due to overlapping floral purchases for both celebrations.  
- Despite a decrease in reservations for reunion dinners, restaurants reported full bookings, with an average table price rising about 5%, demonstrating good overall business activity.

Hongkongers make 1.4 million outbound trips ahead of Lunar New Year

$Hang Seng Index(00HSI.HK)has evolved into a hybrid market that reflects China’s economic cycle more than Hong Kong’s domestic fundamentals. Its performance is increasingly driven by mainland policy follow-through, earnings durability in platform and financial stocks, and cross-border capital flows via Stock Connect. Valuation alone is no longer a catalyst; sustained upside depends on whether policy support translates into real profit recovery and renewed confidence from long-term global investors.

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

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The exchange rate of HKD against USD is rising rapidly. Will there still be big opportunities in Hong Kong stocks? $Hang Seng Index(00HSI.HK) $Hang Seng TECH Index(STECH.HK)

While the US stock market hovers under the shadow of tariffs, the Hong Kong stock market is experiencing a liquidity-driven structural frenzy. But is this 'Hong Kong stocks feast' the beginning of a trend revaluation, or a short-lived bubble induced by capital?From a macro perspective, the weak dollar cycle and the abundance of Hong Kong dollar liquidity are the core drivers of the Hong Kong stock market. In May, US tariff revenue surged to a peak of $22 billion, yet the CPI remained stable, coupled with the potential impact of immigration policies on the job market, the probability of a Fed rate cut in June-July is extremely low. The US stock market remains in a tug-of-war between 'chicken ribs market and downside risk.' In contrast, the Hong Kong dollar exchange rate has quickly slid from the strong-side guarantee to the weak-side edge, HIBOR rates are nearly zero, and the abundant liquidity is flooding into new consumption, innovative drugs, and A/H premium targets, driving both blue-chip dividend stocks and growth assets higher.However, the sustainability of the structural revaluation of Hong Kong stocks is highly dependent on the liquidity environment. The current extremely low level of HIBOR has deviated from the US benchmark interest rate. If the Fed's policy shifts or there are changes in the supply and demand of funds, a liquidity retreat could trigger a valuation correction. More critically, the structural premium of the same asset in Hong Kong stocks compared to A-shares lacks fundamental support. In a market dominated by southbound funds, caution is needed against the risk of valuation overshoot under 'capital frenzy.'In the short term, as long as the cost of borrowing in Hong Kong dollars remains low, there is still room for liquidity-driven revaluation to continue. However, in the long term, whether Hong Kong stocks can escape the 'capital market' dilemma depends on whether corporate earnings can take over liquidity as the anchor of valuation. Investors need to closely monitor changes in HIBOR rates and maintain sensitivity to risks amid the liquidity feast. $Hang Seng Index(00HSI.HK)

$Hang Seng Index(00HSI.HK)When the Hong Kong dollar triggers the strong-side convertibility undertaking, the Hong Kong government will be forced to issue Hong Kong dollars to buy US dollars (unless Hong Kong abandons the linked exchange rate system due to another crisis caused by excessive base money).Short-term may benefit the Hong Kong stock market.

On a weekly basis, the southbound capital flow in Hong Kong stocks was a net outflow in the past week. This is unusual, as it's the first time this has happened in at least over a year. $HSTECH ETF(03032.HK) $Hang Seng Index(00HSI.HK) $XIAOMI-W(01810.HK)

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Xiaomi HK SDR 2to1

Xiaomi Corporation

$XTALPI(02228.HK)$Hang Seng Index(00HSI.HK)This is a key macro indicator for Hong Kong stocks.

$Hang Seng Index(00HSI.HK) $XTALPI(02228.HK) Who should be blamed for these poor souls in Hong Kong stocks today? Sigh... damn it

During the 2018 trade war, Gao Shanwen gave a relatively well-known internal speech:Our generation has already made enough money, so young people should just wash up and go to sleep.As for the 2025 tariff war, what I want to say is: young people might not be able to sleep.$Hang Seng Index(00HSI.HK)$Hang Seng TECH Index(STECH.HK)$Invesco QQQ Trust(QQQ.US)$SPDR S&amp;P 500(SPY.US)

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Another day protected by southbound capital! At 13:30 in the afternoon, the southbound capital suddenly surged, and the intraday chart skyrocketed after a 10-minute delay (did you day trade during these 10 minutes? 😂).Unlike yesterday, the southbound capital first rose and then fell in the morning, showing overall weakness. By 13:30, the net purchase was only 1.5 billion. After the surge, the cumulative net purchase for the day reached 5.15 billion. Compared with yesterday, I'm more convinced that there is a will behind the southbound capital.$Hang Seng Index(00HSI.HK) $BABA-W(09988.HK) $TENCENT(00700.HK)

MS-HSI @EC2602B(22171.HK)

Year of the Horse Red Envelope Stocks | AI Concept Explodes, Experts Analyze Each Stock, Potential Returns Can Reach 40%, MINIMAX Expected to Become a "Golden Cow Stock"

Hong Kong hotels, tourist-area eateries report brisk trade over Lunar New Year

How Guangdong drivers are celebrating Lunar New Year in Hong Kong

IMF warns China’s economic policies are causing damage to others

Tens of thousands eagerly waiting for Hong Kong Lunar New Year fireworks