BP#HSI RP2803N

HSI Futures Open 1.03% Lower at 25,389.93

S&P Global: Hong Kong PMI Rises to 53.3 in February

Hong Kong Futures Soft, March Index Futures Close at 25214 Down 1.72%

HSF Futures Night Session Closed 0.87% Higher at 26,112.20

Financial Secretary Paul Chan Pushes for Continuous Market Reform in Hong Kong

HSF Futures Open 1.40% Lower at 26,236.68

HSI Futures Evening Session Closes Down 0.54% at 26,465

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%

NE ELECTRIC

JINGCHENG MAC

BOER POWER

SH GROUP HLDG

WAI HUNG GROUP

SANBASE CORP

IMPERIUM TEC GP

XI2CSOPSMSN

XI2CSOPSMSN-U

01138

00318

00HSI

STECH

00632

36Kr learned that the Hang Seng Index fell 2.78% during the midday break, and the Hang Seng TECH Index dropped 1.96%; the oil and petrochemical, non-bank financial, and transportation sectors led the decline, with CHK OIL down over 38%, VONGROUP down over 16%, and COSCO SHIP ENGY down over 11%; southbound funds had a net purchase of HKD 363 million

36Kr

COSCO SHIP ENGY

VONGROUP

Hang Seng Index

Hang Seng TECH Index

CHK OIL

The Hang Seng Index fell 2.78% at midday, and the Hang Seng TECH Index dropped 1.96%

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36Kr learned that the Hong Kong Hang Seng Index fell over 3%, and the Hang Seng TECH Index dropped 2.5%. China Life fell nearly 7%, WUXI BIO and ZIJIN MINING dropped over 5%

ZIJIN MINING

WUXI BIO

CHINA LIFE

CSOP HS TECH

TRACKER FUND

ISHARESHSI-R

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

CAM HS TECH

ISHARESHSI-U

ISHARESHSTECH

FL2 CSOP HSI

GX HS TECH

China Southern Hang Seng ETF

Hang Seng Index falls over 3%

0HSCI

03115

03152

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The Hong Kong dollar exchange rate was slightly weak this morning (4th), with a high and low of 7.8015/7.8135, and the current spot price is 7.8127. The bank system surplus is expected to be HKD 53.838 billion this Friday (6th)

AASTOCKS

Hang Seng Composite Index

ISHARESHSI

A BOS HKD MM

A CICC HKD

"Capital" spot US dollar new report 7.8127

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02819

07300

07500

03136

03037

Latest Hong Kong Interbank Offered Rate (HIBOR)

A CSOP HKD MM

ABF HK IDX ETF

FI CSOP HSI

FI2 CSOP HSI

HSI ESG ETF

CSOP HSI ETF

Latest Hong Kong Interbank Offered Rate (HIBOR)

The Hong Kong dollar 3-month interbank offered rate rose by 10.6 basis points, marking the largest increase since January 6

Wallstreetcn

159920

Hong Kong's Hang Seng Index down 2.7% to lowest since September 4, 2025

marketscreener

ChinaAMC Hang Seng ETF

HS HSI ETF-R-D

Hong Kong's Hang Seng Index down 2.7% to lowest since September 4, 2025

The Hang Seng TECH Index fell over 2% intraday, and the Hang Seng Index dropped 2.6%

01810

03690

Hong Kong stocks initially fell over 580 points, oil service stocks sharply declined, Meituan continued to explore the bottom, and Xiaomi rebounded

XIAOMI-W

MEITUAN

Hong Kong stocks initially fell over 580 points, oil service stocks sharply declined, Meituan continued to explore the bottom, and Xiaomi rebounded

Hong Kong, Macao Central Banks Enter Revised MoU to Expand Collaboration

Hong Kong, Macao Central Banks Enter Revised MoU to Expand Collaboration

Government economic advisor Fan Wan'er stated that the direct impact of the Iran crisis on Hong Kong is relatively minor, mainly due to the small scale of economic, trade, or investment activities. Nevertheless, it may affect financial market volatility and oil prices. Historical data shows that a 10% increase in oil prices would raise the global inflation rate by 0.4 to 0.5 percentage points. She believes that Hong Kong's stability and global asset reallocation may accelerate the inflow of funds into RMB or HKD-related assets, promoting investment and fundraising in Hong Kong as an international financial center

Fan Wan'er: The Iran crisis has a minimal impact on Hong Kong

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Hong Kong's Hang Seng Index down more than 2%

HANG SENG BANK

Hong Kong's Hang Seng Index down more than 2%

Hong Kong's Private Sector Growth Hits Near Three-Year High in February, S&P Global Says

Hong Kong's Private Sector Growth Hits Near Three-Year High in February, S&P Global Says

$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

LI AUTO-W

TENCENT

CSOP A50 ETF-R

CSOP A50 ETF

XI2CSOPHSTECH

XL2CSOPHSTECH

Hang Seng TECH ETF I

GEELY AUTO

POP MART

BABA-W

Li Auto

TENCENT-R

Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

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 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 RP2803N(63078.HK)

The Hang Seng Index fell 2.78% at midday, and the Hang Seng TECH Index dropped 1.96%

Hang Seng Index falls over 3%

"Capital" spot US dollar new report 7.8127

Latest Hong Kong Interbank Offered Rate (HIBOR)

The Hong Kong dollar 3-month interbank offered rate rose by 10.6 basis points, marking the largest increase since January 6