SG#HSI RC28034

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

Deloitte Forecasts Hong Kong Retail Market to Grow by Nearly 8% in 2026

Hong Kong Budget to Fully Reference the 15th Five-Year Plan

HSI Futures Open Down 0.47% in Day Session

HSI Futures Evening Session Closes Down 0.85% at 26,590

Hang Seng Index Futures Open 1.06% Higher at 27,068 Points

Latest Bull and Bear Warrant Street Inventory Ratio and Changes for Hang Seng Index

Hang Seng Index Futures Quoted at 26806 Points

BOER POWER

WAI CHUN GROUP

HUAYUEXPRESSWAY

ASIA ENERGY LOG

KNOWLEDGE ATLAS

HING LEE (HK)

JH EDUCATION

TBKS HLDGS

SIMPLICITY HLDG

SOXX

EBIZ

561100

SOXL

IBUY

ONLN

560800

Asian stock markets showed mixed results on Thursday, influenced by a Beijing review of online sales practices. The KOSPI Index in Seoul surged 3.1% due to strong semiconductor shares, while the Hang Seng Index in Hong Kong fell 0.9% amid regulatory scrutiny. Japan's Nikkei 225 remained flat, with a slight decline, as the producer price index rose 2.3% year-on-year. Other regional exchanges, including Australia and Singapore, posted gains, while the MSCI All Country Asia Pacific Index increased by 0.8%.

fidelity

iShares Semiconductor ETF

Global X E-commerce ETF

SPDR S&P Semicon

Fullgoal CSI Consumer Electronic Theme ETF

Direxion Semicon Bull 3X

Amplify Online Retail ETF

ProShares Online Retail

Pengyang CSI Digital Economy Theme ETF

VanEck Semiconductor ETF

Pro Ultrshrt Yen

Tech, Online Sales Practices Roil Asian Stock Markets

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The number of births in Hong Kong fell to a record low of 31,100 in 2025, despite a slight population increase to 7.51 million. The Census and Statistics Department reported 50,000 deaths and a net inflow of 29,100 residents. The government attributed the population rise to talent attraction and labor importation measures. In response to declining birth rates, a "baby bonus" scheme was introduced, offering HK$20,000 to new parents, and a tax allowance of HK$130,000 for two years will be available for parents starting in the 2026-27 financial year.

- In 2025, the number of babies born in Hong Kong dropped to a record low of 31,100, while the estimated population grew by 0.1% to 7.51 million.  
- The government attributed population growth to measures such as talent attraction and labor programs, despite the significant decline in birth rates.  
- To combat low birth rates, a cash incentive plan for new parents and increased tax deductions for newborns were announced to encourage higher fertility in the coming years.

南华早报

Hang Seng Index

ISHARESHSI

TRACKER FUND

CSOP HSI ETF

Number of births in Hong Kong plunges to record low 31,100 in 2025

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07500

07300

Hong Kong Chief Executive John Lee stated that the goal is to complete the "Hong Kong Five-Year Plan" within this year to align with the national "14th Five-Year Plan." He emphasized the need to establish a systematic policy framework to better integrate Hong Kong into national development. John Lee has instructed various policy bureaus to form preparatory teams to prepare for the alignment work, ensuring a smooth transition when the "14th Five-Year Plan" is officially announced. This plan will provide a clear roadmap and timetable for Hong Kong's development over the next five years

AASTOCKS

FL2 CSOP HSI

FI2 CSOP HSI

FI CSOP HSI

John Lee: The goal is to complete the "Hong Kong Five-Year Plan" within this year to align with the national "14th Five-Year Plan"

159920

513600

S.Korea market watchdog: to impose fines of around 1 trln won each on local banks over sales of Hong Kong equity-linked derivatives

marketscreener

HS HSI ETF-R-D

ChinaAMC Hang Seng ETF

China Southern Hang Seng ETF

S.Korea market watchdog: to impose fines of around 1 trln won each on local banks over sales of Hong Kong equity-linked derivatives

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HSCEI

501025

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Hong Kong's retail banks experienced a 7.3% growth in pre-tax profits last year, down from 8.4% in 2024 and significantly lower than the 62% surge in 2023. Rising bad debts, particularly in commercial real estate, and a slim net interest margin of 1.52% impacted profitability. The bad debt ratio rose to 2.01%, slightly above the historical average. Despite challenges, the HKMA reported that banks remain profitable with a capital adequacy ratio of 25.1%. Total deposits increased by 11.8%, and fee income rose due to improved market sentiment and demand for wealth-management products.

Bosera Bank A

Hang Seng China Enterprises Index

Penghua HK Connect CSI Hong Kong Bank Investment Index Fund(LOF)-A

Hang Seng Composite Index

Hong Kong banks’ profit growth slows amid rising bad debt, slim margins

Hong Kong Exports, Imports Grow in December

Hong Kong Exports, Imports Grow in December

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Hong Kong has seen a 25% increase in single-family offices (SFOs) over the past two years, rising by 681 to a total of 3,384, according to a Deloitte study commissioned by InvestHK. These SFOs contribute approximately HK$12.6 billion ($1.6 billion) annually to the local economy and employ over 10,000 full-time professionals. The research highlights the city's success in attracting diverse capital from various regions and sectors, based on surveys and interviews with 136 market participants.

FiNews

ISHARESHSI-U

Deloitte: Hong Kong Boosts SFO Count by 25 Percent

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The specific classified loan ratio in Hong Kong's banking sector is expected to rise to 2.01% by the end of 2025. The Vice President of the Monetary Authority, Yu Guoheng, stated that despite upward pressure, credit risk remains controllable, and future attention will be focused on the risks associated with commercial real estate projects. Assistant Vice President Zhu Liqiao pointed out that the specific classified loan ratio has been gradually increasing since 2024, mainly influenced by commercial real estate, and that banks have sufficient provisions. The special fund for small and medium-sized enterprises will increase from HKD 370 billion in October 2024 to HKD 420 billion in October 2025, benefiting over 78,000 small and medium-sized enterprise loans from support measures

ChinaAMC CSI Banks ETF

Huaan CSI Banks ETF

Hwabao WP CSI Banks ETF

HANG SENG BANK

WP CSI Banks ETF

Fullgoal CSI 800 Banks ETF

Last year, the specific category loan ratio in Hong Kong rose to 2.01%. The Monetary Authority: Credit risk remains controllable

The recent "Notice" defines RWA tokenization as a new securities activity, allowing cross-border RWA tokenization for licensed intermediaries in mainland China and Hong Kong. While the Notice prohibits domestic RWA tokenization, it provides a narrow loophole for cross-border financing. The China Securities Regulatory Commission's guidelines clarify regulations for asset-backed securities tokens issued overseas. This regulatory shift is seen as beneficial for assets with stable cash flow, promoting Hong Kong as a key location for mainland entities. However, compliance remains crucial, with a focus on qualified investors and transparent practices.

CoinLive

RWA's new regulations open the floodgates—who will seize the new opportunity in cross-border financing?

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China stocks closed slightly higher, buoyed by AI optimism after Premier Li Qiang's call for technological innovation. The CSI300 and Shanghai Composite Index rose 0.1%, while Hong Kong's Hang Seng fell nearly 1% due to tech sector declines. AI stocks surged 2% following the launch of Zhipu AI's new model, with its shares jumping nearly 30%. Analysts suggest buying the dip in Hong Kong tech shares, despite recent underperformance. Meanwhile, China Vanke's shares rose 8% on a rescue package report, while Wingtech's shares fell 4.7% amid a court probe.

Reuters

Vanke

MIDEA GROUP

Midea Group

CHINA VANKE

China stocks close higher on AI optimism, HK down on tech drag

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After rising for three consecutive trading days, Hong Kong stocks fell, with the Hang Seng Index down 233 points, closing at 27,032 points. Budweiser APAC's stock price fell by 5.2%, Lenovo Group's stock price dropped by 4.6%, and NetEase fell by 4.1%. Technology stocks such as Alibaba and Tencent also experienced declines. Premier Li Qiang mentioned promoting AI technology innovation, and SenseTime's stock price rose against the trend by 6.8%

Penghua CSI Alcoholic Drink ETF

SENSETIME-W

"Hong Kong Stocks" The Hang Seng Index fell 233 points throughout the day, Budweiser APAC dropped over 5%, and KNOWLEDGE ATLAS surged nearly 30%

$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

Hang Seng TECH Index

XI2CSOPHSTECH

ISHARESHSTECH

HSTECH ETF

XL2CSOPHSTECH

CSOP HS TECH

CAM HS TECH

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-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)

SG#HSI RC28034(63536.HK)

Tech, Online Sales Practices Roil Asian Stock Markets

Number of births in Hong Kong plunges to record low 31,100 in 2025

John Lee: The goal is to complete the "Hong Kong Five-Year Plan" within this year to align with the national "14th Five-Year Plan"

S.Korea market watchdog: to impose fines of around 1 trln won each on local banks over sales of Hong Kong equity-linked derivatives

Hong Kong banks’ profit growth slows amid rising bad debt, slim margins