CT#HSI RC27112

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

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ASIA ENERGY LOG

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The Vice President of the Hong Kong Monetary Authority, Yuang Guoheng, stated that managing credit risk remains the top priority in the key work for 2026. The pressure on asset quality mainly comes from Hong Kong's commercial real estate, where the total amount of outstanding loans accounts for 14% of the overall total. This year, the authority will continue to require banks to monitor loan quality and corporate liquidity indicators, to identify related risks early and make adequate provisions. He also mentioned that small and medium-sized enterprises (SMEs), transportation, and construction industries are similarly under pressure, but the amounts involved are relatively small. In response to the operational pressures faced by SMEs, the Hong Kong Monetary Authority pointed out that its dedicated SME financing task force will focus this year on promoting a series of support measures from banks and providing more financing channels to assist SMEs in transitioning to green and digital upgrades and further expanding their markets. By the end of 2025, the specific classification loan ratio for Hong Kong banks is 2.01%, an increase of 0.03 percentage points quarter-on-quarter. Yuang Guoheng believes that the banking sector has been financially stable over the past year, with the related increase not being significant, and banks already have sufficient provisions. Additionally, industry profits have increased by 7% year-on-year, indicating that overall credit risk remains controllable. In 2025, the Hong Kong banking sector is expected to record low single-digit growth in loans. Yuang Guoheng mentioned that after communicating with the industry, he learned that credit demand in January was decent, and the industry is generally optimistic about credit demand this year

Zhitong

Hang Seng Index

Hong Kong Monetary Authority: Credit risk management remains the top priority this year

The credit quality of the Hong Kong banking industry has deteriorated, with the ratio of classified loans rising to 2.01%. The Vice President of the Hong Kong Monetary Authority, Yuang Guoheng, stated that this is mainly related to exposure in commercial real estate, emphasizing that credit risk will be monitored this year, and banks are required to classify and provision in a timely manner. Despite improvements in the overall economic environment, certain industries still face pressure, particularly the transportation and construction sectors. The Hong Kong Monetary Authority will guide banks in credit reviews to ensure that the sales processes for investment products are in place to protect investors

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The credit quality of Hong Kong banks has deteriorated again, with the ratio of specific classified loans rising to 2.01%. The Hong Kong Monetary Authority's Yuang Guoheng: This year's first priority is to monitor credit risk

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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%.

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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.

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

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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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ChinaAMC Hang Seng ETF

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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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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.

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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.

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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

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ChinaAMC CSI Banks ETF

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Hwabao WP CSI Banks ETF

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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?

$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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CSOP A50 ETF-R

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Tencent HK SDR 10to1

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Tencent Holdings Limited

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GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

POP MART HK SDR 20to1

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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)

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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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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)

CT#HSI RC27112(63694.HK)

Hong Kong Monetary Authority: Credit risk management remains the top priority this year

The credit quality of Hong Kong banks has deteriorated again, with the ratio of specific classified loans rising to 2.01%. The Hong Kong Monetary Authority's Yuang Guoheng: This year's first priority is to monitor credit risk

Tech, Online Sales Practices Roil Asian Stock Markets

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

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