HUCSHST@EC2611A

CHK OIL

SHANDONG MOLONG

PETRO-KING

MIE HOLDINGS

D&G TECH

YUANHENG GAS

JX ENERGY

KINETIX SYSTEMS

YANCHANG PETRO

HAO WEN HLDGS

01810

600938

03033

513130

02800

STECH

00883

The net inflow of the Hong Kong Stock Connect Southbound for the Hang Seng Technology Index was HKD 3.123 billion, with major inflows into Xiaomi Group and CNOOC, amounting to HKD 1.629 billion and HKD 1.375 billion, respectively. Alibaba and SMIC saw net outflows of HKD 1.389 billion and HKD 155 million, respectively. Among the Hong Kong Stock Connect (Shanghai), CNOOC had the highest net inflow, while the Tracker Fund performed outstandingly in the Hong Kong Stock Connect (Shenzhen). Overall, the net outflow of southbound funds was 0, with a total transaction amount of HKD 154.741 billion, accounting for 43.26% of the market transaction volume

AASTOCKS

XIAOMI-W

CNOOC

CSOP HS TECH

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

TRACKER FUND

Hang Seng TECH Index

Net inflow of HKD 3.123 billion for Southbound Stock Connect Hang Seng Technology

00HSI

513180

520570

159740

159742

520920

The Hang Seng Index fell 2.1% today, closing at 26,059 points, while the Tech Index fell below 5,000 points. Market sentiment is low due to military actions by the United States and Israel against Iran. Last Friday, the Dow Jones and Nasdaq fell by 1.1% and 0.9%, respectively. The National Committee of the Chinese People's Political Consultative Conference will convene this Wednesday, with the Shanghai Composite Index slightly up. Northbound trading saw a net inflow of 16.214 billion yuan, while Southern Hang Seng Technology stocks fell by 2.8%

Hang Seng Index

ChinaAMC Hang Seng Technology ETF(QDII)

China Southern Hang Seng TECH ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Tianhong Hang Seng TECH ETF(QDII)

The Market Review: Hang Seng Index falls 2%, Tech Index breaches the 5,000 mark, financial and airline stocks face selling pressure

03088

03037

03067

07200

07500

02837

The total turnover of Hong Kong stocks for the day was HKD 357.679 billion. Warrants accounted for 2.29%, reaching HKD 8.185 billion. The turnover of blue-chip and state-owned enterprise constituent stocks was HKD 147.624 billion and HKD 125.584 billion, respectively. The turnover of Hang Seng TECH Index constituent stocks was HKD 84.838 billion

CAM HS TECH

CSOP HSI ETF

ISHARESHSTECH

FL2 CSOP HSI

FI2 CSOP HSI

GX HS TECH

Warrants accounted for 2.29% of the total market turnover for the entire day

603127

06127

512760

07552

36Kr learned that the Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%; the semiconductor, retail, and pharmaceutical biotechnology sectors led the decline, with Tianzu Zhixin down over 10%, JOINN down over 7%, and Meituan and Alibaba down over 4%; the oil and petrochemical, non-ferrous metals, and coal sectors saw the largest gains, with Shandong Molong up over 115%, SD-GOLD up over 7%, and China Coal Energy up over 3%; southbound funds had a net purchase of HKD 16.214 billion

36Kr

JOINN

SD-GOLD

ISHARESHSI-R

ChinaAMC Hang Seng ETF

KraneShares 2x Long BABA Daily ETF

Guotai CES Semiconductor Chip Industry ETF

BABA 2x Long Daily ETF - GraniteShares

ISHARESHSI-U

Krne Csi China Internet

XI2CSOPHSTECH

GTJA Allianz SSE STAR Chip Design Thematic ETF

Meituan

MEITUAN

BABA-W

The Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%

002080

03750

07300

Morgan Stanley released a strategy report on the Chinese market, updating the list of focus stocks for Hong Kong stocks and Chinese companies. Newly included stocks are Zhaoyi Innovation and Sinopec, while Sunny Optical and Espressif Technologies have been removed. The focus stock list also includes Alibaba, Chalco, CATL, Yingen Biotechnology, HKEX, HKT, State Grid NARI, Ping An, Inovance Technology, SINOMATECH, Spring Airlines, Tencent, and Zijin Mining

SINOMATECH

CATL

FI CSOP HSI

Zijin Mining

SINOPEC CORP

HKEX

SINOPEC N3101

PING AN

HKT-SS

Morgan Stanley lists the latest focus stocks for Hong Kong stocks (table)

07226

03032

The Hang Seng Tech Index has dropped below a significant support level, indicating potential further declines. Bloomberg posted on X that this movement is attributed to ongoing geopolitical tensions and persistent concerns over earnings. The index's performance reflects broader market apprehensions as investors remain cautious about the economic outlook. Analysts suggest that these factors could continue to influence market dynamics in the near term.

CoinLive

XL2CSOPHSTECH

HSTECH ETF

Hang Seng Tech Index Falls Below Key Support Amid Geopolitical Concerns

513600

36Kr learned that the Hang Seng Index fell 1.59% during the midday break, and the Hang Seng TECH Index dropped 2.81%; the media, hardware equipment, and pharmaceutical biotechnology sectors led the decline, with TIANDA PHARMA down over 12%, DAMAI ENT down over 7%, and Lens Technology down over 6%; the energy, public utilities, and non-ferrous metals sectors strengthened, with SINOPEC SSC up 20%, Futian shares up over 5%, and CHIFENG GOLD up over 4%; southbound funds had a net purchase of HKD 1.443 billion

China Southern Hang Seng ETF

TIANDA PHARMA

DAMAI ENT

HSCEI ETF

ISHARESHSI

SINOPEC SSC

CHIFENG GOLD

HS CSI300-R

The Hang Seng Index fell 1.59% at midday, and the Hang Seng TECH Index dropped 2.81%

513120

The CICC report pointed out that Hong Kong stocks have performed poorly overall since February, with the Hang Seng TECH Index experiencing a significant decline, dragging down the performance of Hong Kong stocks. It is expected that the funding environment for Hong Kong stocks in 2026 will be difficult to exceed that of 2025 and may be worse than that of A-shares. Although the Federal Reserve may cut interest rates, the impact on Hong Kong stocks remains uncertain. The IPO and refinancing activities in Hong Kong are active, with an expected scale reaching 1.1 trillion yuan, far exceeding the funding needs of 2025

GF CSI HK Innovative Drugs Industry ETF(QDII)

CICC in "Major Banks": This year's Hong Kong stock market funding environment is likely to be more challenging than in 2025 and is probably not as good as the A-share market

36Kr learned that the Hang Seng TECH Index fell 2% at the beginning of trading, and the Hang Seng Index dropped 1.35%

The Hang Seng TECH Index fell 2% at the beginning of the session

The Hang Seng TECH Index fell 2% at the beginning of the session

Wallstreetcn

512880

Zhang Yidong, Chief Economist at Haitong International Securities, stated in The Paper that the global market will face complex changes in 2026, particularly due to the uncertainties brought by AI technology. He believes that the Hong Kong stock market is currently not suitable for aggressive buying and suggests focusing on the recovery of the Chinese economy, prioritizing investments in hard assets. Regarding A-shares, Zhang Yidong is optimistic about their trend, believing they will steadily rise in the future with reduced volatility

- In a recent interview, chief economist Zhang Yidong shared insights on stock markets in 2026, highlighting a shift in narratives from growth to value, amid rising concerns about AI's long-term uncertainties.  
- A-shares are expected to exhibit a stable upward trend driven by improving fundamentals, while U.S. markets may face structural challenges and weaker returns compared to emerging markets.  
- The Hong Kong market is viewed as a consumer sector facing temporary challenges but is anticipated to benefit from China's economic recovery, with earnings projected to grow by 12% to 15%.

Guotai CSI All Share Investment Banking & Brokerage ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

China Universal CSI 300 Index Initiating Fund(LOF)-C

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

Yinhua CSI 300 Index Fund(LOF)-A

Harvest SZSE SME-ChiNext Composite 300 ETF

E Fund CSI 300 Financials (ex Banks) ETF

Zheshang CSI 300 Enhanced Index Fund(LOF)-A

Huatai-PB CSI 300 ETF

CHOHO

Yinhua CSI All Share Investment Banking & Brokerage ETF

Zhang Yidong: Hold on with Hengke for now, it's not the time to actively buy. First buy hard assets in Hong Kong stocks, then buy consumer goods

SOXX

The Hang Seng TECH Index fell 10% in February, marking the largest monthly decline since January 2024, with a cumulative drop of 23% since its peak in October last year. The main reasons include weak corporate earnings and insufficient buying from mainland investors, leading to a decline in market confidence. Investors are shifting their funds towards chip manufacturers and newly listed AI companies. Mainland investors sold stocks in Hong Kong, totaling HKD 11.4 billion, marking the largest capital outflow since the end of August. Baidu was one of the biggest decliners this month, down 19%

iShares Semiconductor ETF

Invesco Semiconductors ETF

BIDU-SW

Guotai CSI Computer Theme ETF

Tianhong CSI Computer Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

VanEck Semiconductor ETF

Baidu

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Direxion Semicon Bull 3X

The Hang Seng TECH Index fell by 10% in February, down 23% from its high in October last year

TCEHY

TCTZF

00700

Michael Burry warns of vulnerabilities in Chinese tech stocks, highlighting that many investors do not own the companies they believe they are investing in. He points out that shares are often in offshore entities, creating a disconnect between operational success and legal claims. Burry notes that while companies like Tencent have seen revenue growth, their stock performance has stagnated, with almost 0% returns over five years. He emphasizes the need for a deeper examination of these 'Cayman Shell' companies and their structural flaws.

- Michael Burry has warned about the structural issues within Chinese technology stocks, highlighting that investors often hold shares in offshore entities rather than the companies themselves.  
- He points out a concerning disconnect between the operational success of firms like Tencent and their stock performance, with Tencent showing nearly 0% return despite significant revenue growth.  
- Burry suggests that the current situation warrants a closer examination of these investments, emphasizing that traditional valuation methods may overlook critical shifts in the market.

benzinga_article

iShares China Large Cap

Tencent

Tencent Holdings Limited

iShares MSCI China

TENCENT

Direxion FTSE China Bull 3X

Michael Burry Exposes 'Vulnerability' In Chinese Tech, Warns Of Hong Kong's 'Cayman Islands Shell' Trap

Hong Kong tech stocks performed poorly in February 2024, with the Hang Seng Technology Index falling by about 10%, marking the largest monthly decline in two years. Mainland capital significantly reduced holdings, and renowned investor Michael Burry pointed out that Tencent's stock price has seen no growth over the past five years, reflecting structural issues in Hong Kong stocks. Market enthusiasm for Chinese internet giants has waned, with investors shifting towards chip and AI startups. Baidu's stock price dropped over 19% due to weak performance. The market is focusing on the earnings of JD and Bilibili to seek clues about the industry's outlook

- The Hong Kong tech sector has underperformed in the Year of the Horse, with the Hang Seng Tech Index falling nearly 10% this month, marking its largest monthly decline since January 2024.  
- Significant sell-offs from mainland investors and a lack of support have led the index to bear market territory, with a nearly 23% drop from last October's highs.  
- Investor sentiment is shifting towards chip manufacturers and AI startups, and expected earnings reports from JD.com and Bilibili may provide insights into the sector's future.

Stheadline

Bilibili

JD-SW

Hong Kong tech stocks fell 10% in February, marking the worst performance in two years. "Big short" Burry laments: Tencent has zero returns over the past five years

00100

09988

The short selling amount in the Hong Kong stock market reached HKD 21.56 billion in the half-day session, accounting for 22.1% of the total shortable stock turnover of HKD 97.45 billion. The previous day was 20%. Major shorted stocks include TRACKER FUND with a short selling ratio of 44.4% and a short selling amount of HKD 3.31 billion; CSOP HS TECH with a short selling ratio of 56.6% and a short selling amount of HKD 2.1 billion; TENCENT with a short selling ratio of 14% and a short selling amount of HKD 1.04 billion; Alibaba-W with a short selling ratio of 18.8% and a short selling amount of HKD 0.95 billion; MINIMAX-WP with a short selling ratio of 29% and a short selling amount of HKD 0.54 billion

MINIMAX-WP

The short selling in the Hong Kong stock market for half a day reached HKD 21.56 billion, accounting for 22.1% of the total turnover of shortable stocks

Wear new shoes, walk the old pathIt seems to have developed, turned around, and modernized, but once encountering pressure or real constraints, it reverts to the old ways—the practices from the beginning.【Securities Researcher: &#34;Information involving tax assessments for related high-tech companies&#34; only indicates stricter assessments, not a blanket ban】This afternoon, the Hang Seng Tech Index suddenly widened its losses, with the index falling more than 2.5% at one point. Alibaba, Tencent Holdings, JD.com, and Meituan all saw increased declines, and the corresponding call warrants plummeted across the board. At noon, a piece of information about &#34;tax assessments for related high-tech companies&#34; circulated among securities researchers, triggering market volatility. Although this rumor has not yet received official endorsement, the market has already begun pricing it in. However, the market's pricing of such events is often one-time, and the corresponding factors are also variable. If the situation reverses, it will inevitably trigger a major counterattack. A securities researcher said it is only stricter assessments, not a blanket ban.$BABA-W(09988.HK)$TENCENT(00700.HK)$XIAOMI-W(01810.HK)

BABA-WR

Alibaba

TENCENT-R

JD.com

JD-SWR

Alibaba HK SDR 5to1

Tencent HK SDR 10to1

JD HK SDR 10to1

MEITUAN-WR

Meituan HK SDR 5to1

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

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

XTALPI

LI AUTO-W

CSOP A50 ETF-R

CSOP A50 ETF

GEELY AUTO

POP MART

Li Auto

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

POP MART HK SDR 20to1

$XTALPI(02228.HK) Cautiously optimistic, Hang Seng Tech shows signs of crashing again. Damn it, Hang Seng has a history of crashing after long holidays countless times. This 🐶 just can't be reliable in the long run.

The Hang Seng Index opened higher, refreshing its nearly four-year high; Tencent's performance exceeded expectations, receiving collective bullish calls from major banks; Chip stocks strengthened on the logic of domestic substitution, with SMIC leading the gains; Ping An's stake increase in China Taiping H-shares ignited the insurance sector; Cryptocurrency concept stocks surged as Bitcoin hit a new high; In the pharmaceutical sector, Jingtai Holdings reported its first profit, rising over 11%, while East Buy saw a sudden 12% increase.

Ping An Insurance

PING AN-R

Ping An Ins HK SDR2to1

Ping An

SMIC

Hot Trades in Hong Kong Stocks (8.14) | Hang Seng Index Hits Four-Year High at Opening, Morgan Stanley Says Foreign Capital Accelerated Inflows into Chinese Stock Market in July

HUCSHST@EC2611A(26444.HK)

Net inflow of HKD 3.123 billion for Southbound Stock Connect Hang Seng Technology

The Market Review: Hang Seng Index falls 2%, Tech Index breaches the 5,000 mark, financial and airline stocks face selling pressure

Warrants accounted for 2.29% of the total market turnover for the entire day

The Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%

Morgan Stanley lists the latest focus stocks for Hong Kong stocks (table)