BP#HSI RP2812A

CITIC Securities Hang Seng Index Bull and Bear Warrant Street Position Ratio and Changes

Hong Kong Interbank Offered Rates (HIBOR) Across the Board Slightly Up

Hang Seng Index Night Futures Close Up 181 Points

HSI Futures Night Session Closes Up 0.65% at 26,923

Hong Kong Stock Market Stamp Duty Boosts Government Revenue, 2026 Budget Forecast Shows Little Increase

Government Announces Budget Forecasting Surplus from 2026/27 Fiscal Year Onwards

Hong Kong Increases Stamp Duty on Residential Properties Over HKD 100 Million

Financial Secretary Paul Chan's Budget Speech Predicts HK Economic Growth

Hang Seng Index Futures Closed on February 25th

HSI Futures, HKC Futures, and H shares Index Futures Open Lower than Spot Prices

LJ Group Analyzes Hong Kong Private Housing Construction and Completion

HANG SENG Index Bull and Bear Warrant Ratio and Quantity Updates

Hang Seng Index Futures Night Session Down 0.75%

HSI Night Index Futures Quotation Up 43 Points

Futures Open Higher Than Spot Prices

Hang Seng Index Futures Open 1.52% Higher at 26,787.44

Significant Rise in Singapore Black Index and Overnight Futures

Hong Kong Monetary Authority's Assessment and Outlook of Hong Kong's Economy

Hang Seng Index Night Futures (February) Up 38 Points

HSI Futures Midday Decline Expands to 1%

CCOE

ASIAPAC FIN INV

RUICHANG INTL

STARCOIN GROUP

MAINLAND HOLD

DRINDA

MEGAIN

RMH HOLDINGS

WAI HUNG GROUP

SANERGY GROUP

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The Hang Seng Index's afternoon gains expanded to 1%

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CSOP HSI ETF

FI2 CSOP HSI

TRACKER FUND

FL2 CSOP HSI

Hang Seng Index

FI CSOP HSI

ISHARESHSI

Hong Kong is set for a gloomy weekend with occasional rain and stronger easterly winds, as forecasted by the city's weather observatory. Showers are expected to continue into next week, with a warm southerly airstream replacing the easterly winds. A cold front will bring stronger winds and more showers by Tuesday, but conditions are predicted to improve by next weekend with sunny intervals. Temperatures will gradually decrease from 23°C on Monday to 17°C by Friday.

南华早报

Gloomy weekend forecast for Hong Kong, with showers from Saturday

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Hong Kong corporate earnings week ahead

marketscreener

China Southern Hang Seng ETF

ChinaAMC Hang Seng ETF

Hong Kong corporate earnings week ahead

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Hong Kong stocks rebounded after the futures settlement day, with the Hang Seng Index rising 197 points to 26,578 points in the first half of the day. In the real estate sector, Sun Hung Kai Properties rose nearly 7%, with a 17% increase in half-year underlying profit. In the technology sector, both Tencent and Meituan saw increases, rising 2.8% and 2.1% respectively. The overall market turnover was HKD 121.827 billion

AASTOCKS

Tencent Holdings Limited

TENCENT

SHK PPT

Tencent

MEITUAN

Meituan

FI2CAMNDQ100

ISHARESHSI-U

CSOP HS TECH

Krne Csi China Internet

ISHARESHSI-R

"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well

The Hong Kong government, led by Secretary Edward Yau, is introducing measures to support SMEs by injecting HKD 200 million into the BUD Special Fund. This initiative aims to enhance innovation and competitiveness while exploring new markets. The government plans promotional activities in Hong Kong and mainland China, establish a professional service platform, and organize overseas tours for mainland enterprises. Additionally, Hong Kong will strengthen its role in the Belt and Road Initiative and has completed investment agreements with Qatar, Bangladesh, and Peru, while seeking new agreements with Saudi Arabia and Egypt.

CoinLive

Hong Kong Government Plans New Measures to Support SMEs and Expand Markets

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Citigroup released a research report indicating that the scope of economic recovery in Hong Kong for the 2026/27 fiscal budget has been confirmed, and it is expected that fiscal reserves will remain stable. The report believes that strong tax revenues from financial activities and profits tax will enable Hong Kong to return to surplus after years of deficits. The government forecasts local GDP growth of 2.5% to 3.5% in 2026 and will continue capital expenditures to support long-term development projects through bonds. Public debt issuance will increase, and the borrowing limit for green and infrastructure bonds has been raised, with the overall debt-to-GDP ratio expected to remain at a controllable level of 14.4% to 19.9%

Huaan CSI Banks ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

ChinaAMC CSI Banks ETF

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

Hwabao WP CSI Banks ETF

WP CSI Banks ETF

Citigroup: The "Budget" confirms the expansion of the scope of Hong Kong's economic recovery, and it is expected that fiscal reserves will remain stable

The government's latest "Fiscal Budget" balances macro and micro arrangements, covering both short-term and long-term needs. The Secretary for Financial Services and the Treasury, Christopher Hui, pointed out that the budget includes macro policies and specific measures, such as those related to rates and social welfare. The government plans to allocate HKD 150 billion from the Exchange Fund to the Capital Works Reserve Fund, emphasizing that this move is not a norm and aims to promote diverse capital participation in the development of the Northern Metropolis and encourage collaboration between developers and innovative enterprises. The overall goal is to promote diversified economic development through financial means

Xu Zhengyu: The budget proposal has taken into account both macro and micro arrangements

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Goldman Sachs released a report stating that the Hong Kong Exchanges and Clearing (HKEX) will exceed profit expectations in the fourth quarter of 2025, mainly benefiting from investment income and a decrease in operating expenses. Excluding investment income, profits are still 5% higher. Management emphasized the medium- to long-term development strategy, planning to seize growth opportunities in China and the region. It is expected that earnings per share will grow by about 4% in 2026, with revenue excluding investment income increasing by 12%. The "Buy" rating for HKEX is maintained, with a target price of HKD 546

FL2 CSOP HSCEI

Hong Kong Exchanges and Clearing (HKEX)

HKEX

A GX HSICC

Goldman Sachs: HKEX's profit last quarter far exceeded expectations, maintaining a "Buy" rating

The latest Hong Kong Interbank Offered Rate (HIBOR) data shows that the overnight rate is 2.55191%, an increase of 13.441 basis points from the previous trading day; the one-week rate is 2.41179%, an increase of 1.179 basis points; the one-month rate is 2.41321%, a decrease of 1.899 basis points; the three-month rate is 2.58363%, a decrease of 1.637 basis points; the six-month rate is 2.73292%, a decrease of 5.428 basis points; and the twelve-month rate is 2.84101%, a decrease of 4.405 basis points. Data as of February 27, 2026, 11:15

Latest Hong Kong Interbank Offered Rate (HIBOR)

Hong Kong plans to enhance tourism by introducing a new light and shadow show, replacing the 'Symphony of Lights' after over 20 years. Announced by Secretary for Culture, Sports and Tourism, Lo Suk-pui, the new show is set to launch in the second half of the year. It will be flexible for various occasions and may be hosted at The Peak. Last year, Hong Kong saw nearly 50 million visitors, with projections for 53.8 million this year, marking an 8% increase.

Hong Kong to Introduce New Light Show to Boost Tourism

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The Financial Secretary Paul Chan stated that the government's bond issuance will be exclusively used for infrastructure investment and will not be allocated for daily expenses. It is expected that the government debt-to-GDP ratio will rise from 14.4% to 19.9%, which remains at a healthy level, and he is confident that the debt can be repaid under economic growth and investment returns. He also mentioned that geopolitical uncertainties will persist, and Hong Kong should seize the opportunities brought by challenges

BEIKEN

SANHE

Tianshun

Chan Mau-po: The government will only use bond issuance for infrastructure investment and is confident in its ability to repay the debt

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Hong Kong stocks opened higher this morning, with the Hang Seng Index rising 66 points to 26,447 points. The National Index and the Hang Seng Tech Index opened up 3 points and 7 points, respectively. In the tech sector, Baidu's net profit for the fourth quarter fell by 42%, with ADR shares dropping by 5.7%. Meituan delayed the launch of its plan, with its stock opening up 0.7%. Tencent opened down 0.3%, while Alibaba opened flat. In the automotive sector, BYD opened down 0.1%, and XPeng opened up 1.9%. In the financial sector, HSBC opened up 1.2%

Hang Seng China Enterprises Index

BIDU-SW

Baidu

HSBC HOLDINGS

"Hong Kong Stocks" The Hang Seng Index opened 66 points higher, HSBC and AIA rose, Baidu softened after earnings

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36Kr learned that the Hang Seng Index opened up 0.25%, and the Hang Seng Technology Index rose 0.15%; the consumer and media sectors led the gains, with LAOPU GOLD and TME-SW rising over 3%, and PRADA rising over 2%; the semiconductor and coal sectors saw the largest declines, with Zhaoyi Innovation falling over 4%, and Aisino and Lattice Semiconductor dropping over 2%

36Kr

PRADA

Tianhong Hang Seng TECH ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

ISHARESHSTECH

TME-SW

LAOPU GOLD

ChinaAMC Hang Seng Technology ETF(QDII)

The Hang Seng Index opened up 0.25%, and the Hang Seng Technology Index rose 0.15%

The Secretary for Innovation and Technology, Sun Dong, introduced that the Hong Kong Artificial Intelligence Research Institute will commence operations in the second half of the year to support AI research and results transformation. The Financial Secretary will establish the "AI+ and Industry Development Strategy Committee," focusing on life health and embodied intelligence. The New Industrialization Funding Scheme has supported over 120 intelligent production lines, driving HKD 1 billion in private investment. The New Industrial Acceleration Program supports four projects with a total investment of approximately HKD 2.5 billion. The semiconductor technology research line of the Hong Kong Microelectronics Research Institute will be operational within the year to promote local chip research and development

Sun Dong: The Artificial Intelligence Research Institute will be put into operation in the second half of the year, and the New Industrial Acceleration Plan has already supported four projects

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The Hang Seng Index opened up 0.25%, and the Hang Seng TECH Index rose 0.15%. SenseTime increased by over 4%, Tencent Music rose by over 3%, and Trip.com, XPeng, and Li Auto all rose by over 1%

Hang Seng TECH Index

Tencent Music

SENSETIME-W

LI AUTO-W

XPENG-W

$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!

XTALPI

CSOP A50 ETF-R

CSOP A50 ETF

XI2CSOPHSTECH

HSTECH ETF

XL2CSOPHSTECH

CAM HS TECH

GEELY AUTO

POP MART

BABA-W

Li Auto

TENCENT-R

Tencent HK SDR 10to1

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

POP MART HK SDR 20to1

BABA-WR

Alibaba HK SDR 5to1

Alibaba

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)

XIAOMI-WR

XIAOMI-W

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)

Invesco QQQ Trust

SPDR S&P 500

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)

BP#HSI RP2812A(55061.HK)

The Hang Seng Index's afternoon gains expanded to 1%

Gloomy weekend forecast for Hong Kong, with showers from Saturday

Hong Kong corporate earnings week ahead

"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well

Hong Kong Government Plans New Measures to Support SMEs and Expand Markets