CI#HSI RC2807X

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%

Hong Kong Futures Open Up 0.05% at 26820 Points

HSI Ends Two-Day Losing Streak, Rises by Nearly 140 Points

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The Hong Kong Trade Development Council welcomes the government's financial budget, which allocates HKD 200 million to the BUD Special Fund to support small and medium-sized enterprises and economic transformation. The Trade Development Council will work in conjunction with the government's policies to promote the development of Hong Kong as an international financial center and an innovation technology hub, expand global markets, and assist enterprises in achieving digital transformation and enhancing competitiveness. The financial budget also mentioned strengthening financial services for the real economy and promoting cross-industry collaboration

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The Trade Development Council: The government injects HKD 200 million into the BUD Special Fund to support Hong Kong's SMEs and emphasize economic transformation and high-quality development

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Sun Yu, Vice Chairman and President of BOC Hong Kong, welcomed the new "Fiscal Budget" and believed that the measures in the budget would promote financial services to the real economy and advantageous industries, attract international funds, enhance market liquidity, and consolidate Hong Kong's position as a hub between the mainland and international markets. The budget will also support mainland enterprises in expanding overseas markets, promote high-quality economic growth in Hong Kong, and increase investment in the Northern Metropolis construction to meet diversified financial service needs, bringing new growth opportunities for the banking industry

China Southern Hang Seng ETF

WP CSI Banks ETF

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

E Fund CSI 300 Financials (ex Banks) ETF

CSOP HSI ETF

Hwabao WP CSI Banks ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

ChinaAMC SSE Financials Sector ETF Initiating Fund

China Merchants CSI BANK AH Price ETF

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Huaan CSI Banks ETF

Fullgoal CSI 800 Banks ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

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China Southern CSI Banks ETF

Yinhua CSI All Share Investment Banking & Brokerage ETF

BOC Hong Kong: The budget proposal helps promote better financial services for the real economy and advantageous industries

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The Hang Seng Index opened 254 points higher this morning, surpassing the 27,000 mark, reporting at 27,019 points. The three major U.S. stock indices continued to rebound on Wednesday, with the Dow Jones rising 307 points, the S&P 500 up 56 points, and the Nasdaq increasing by 288 points. NVIDIA announced record high revenue for the fourth quarter, causing stock price fluctuations. Li Ning's stock price surged by 5% at market opening, while AIA and HSBC rose by 3% and 2.9%, respectively. CKI HOLDINGS announced a major asset sale plan, with its stock price increasing by 1.4%. Goldman Sachs initiated coverage on MINIMAX with a neutral rating and a target price of HKD 1,018

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KNOWLEDGE ATLAS

The Hang Seng Index opened 254 points higher, rising above 27,000. Li Ning increased by 5%, while MINIMAX and KNOWLEDGE ATLAS rebounded | Hong Kong stock market opens

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Hong Kong's finance chief unveiled a robust budget with a HK$2.9 billion surplus, marking a shift towards a more active government role in the economy. The government plans to dip into the Exchange Fund for infrastructure projects, including the Northern Metropolis megaproject. This budget reflects a departure from laissez-faire policies, aligning with national goals and increasing government investment in innovation. Analysts suggest these changes could benefit the city, despite concerns over rising debt levels and potential impacts on credit ratings.

- The Financial Secretary of Hong Kong revealed a surprisingly strong budget with a surplus, utilizing major funds for infrastructure initiatives.  
- A notable shift includes the rare use of the Foreign Exchange Fund for funding significant projects, aligning with national goals and increasing the government’s economic role.  
- The budget forecasts a projected surplus over the next five years, reflecting Hong Kong's regained position in global fundraising markets and enhanced investment in innovation-driven projects.

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Budget reveal: government turns matchmaker with stronger hand in shaping economy

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On the settlement day of Hong Kong stock index futures, the Hang Seng Index opened higher, rising 254 points to 27,019 points. HSBC's stock price opened 2.9% higher after its earnings report, at HKD 146.8. Cheung Kong Infrastructure led a consortium to sell UKPN, with its stock price opening 1.4% higher. In the technology sector, Baidu opened 0.8% higher, and Tencent opened 1.2% higher. AI stock Zhipu opened 3.6% higher. BYD and other automotive stocks opened 0.4% to 0.9% higher

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HSBC HOLDINGS

"Hong Kong Stocks" Hang Seng Index futures settlement day opened high at 254 points, HSBC continued to rise nearly 3%, AIA increased

Deloitte China Hong Kong Consumer Market Business Partner Zheng Huanran stated that the government allocated HKD 1.66 billion to the Hong Kong Tourism Board, a year-on-year increase of 35%, which will stimulate the number of visitors to Hong Kong, promote local consumer spending, and provide market opportunities for local consumer brands. In addition, the government continues to support the development of the "Made in Hong Kong" food and beverage industry, reducing compliance costs for enterprises and enhancing the competitiveness of Hong Kong food products

Deloitte: The government allocates HKD 1.66 billion to the Tourism Board, a year-on-year increase of 35%, which helps stimulate the number of visitors to Hong Kong

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TIANQI LITHIUM rose over 6%, Ganfeng Lithium rose over 5%

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The Hang Seng Index opened up 0.95%, and the Hang Seng TECH Index rose 0.46%

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The Rating and Valuation Department announced that the private residential price index in Hong Kong for January 2023 is 301.4, an increase of 0.53% month-on-month, marking the eighth consecutive month of growth and reaching a new high in over a year and a half, but still 24.3% lower than the historical peak in September 2021. Year-on-year, the price index increased by 4.94%. The rental index is 201.1, rising 0.3% month-on-month, reaching a new high for three consecutive months, with an annual increase of 4.3%

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"Hong Kong Property" Rating and Valuation Department: January private residential price index rose 0.5% month-on-month, marking eight consecutive months of increase and reaching a new high in over a year and a half

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The Hong Kong stock market has continued to fluctuate after the Spring Festival holiday, with public funds actively positioning themselves, focusing on technology and cyclical varieties. According to Wind data, as of February 24, half of the top ten ETFs with increased shares are cross-border ETFs in Hong Kong stocks, with the Huatai-PB Hang Seng Technology ETF showing the largest increase, adding 13.436 billion shares. Others, such as the ChinaAMC Hang Seng Technology ETF and the Franklin Templeton CSI Hong Kong Stock Connect Internet ETF, also performed well, with significant increases

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Huatai-PB CSOP Hang Seng Technology ETF(QDII)

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J.P.Morgan Asset Management Hang Seng Technology ETF(QDII)

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Public funds actively allocate to Hong Kong stocks, with technology and cyclical varieties remaining the main investment themes

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The Hang Seng Index main futures closed up 0.71% in the overnight session, at 26,947 points. The Hang Seng TECH Index main futures closed up 0.48% in the overnight session, at 5,284 points

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Since the beginning of 2026, the Hong Kong stock IPO market has been hot, with over 20 companies completing their listings, raising a total of more than HKD 8 billion, which is 10 times that of the same period last year. As of February 25, 24 companies have completed IPOs this year, a year-on-year increase of 166.67%, with a total financing amount of HKD 89.226 billion, a year-on-year increase of 1013.59%. AI companies such as BIREN TECH and KNOWLEDGE ATLAS have each raised over HKD 5 billion, with first-day gains exceeding 50%

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The Hong Kong stock IPO market is booming. Industry insiders: The financing scale of Hong Kong stock IPOs has experienced explosive growth

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Hong Kong plans to withdraw HK$150 billion from its currency peg defence fund for the first time in 40 years to finance the development of a technology hub. This withdrawal, pending approval, will support infrastructure projects in the Northern Metropolis. The Exchange Fund, which ensures the stability of the Hong Kong dollar against the US dollar, reported a record gain of HK$331 billion last year. The Hong Kong Monetary Authority assures that the transfer will not affect the fund's ability to maintain currency stability.

Businesstimes News

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Hong Kong to tap peg defence fund for first time in 40 years

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Schonfeld Strategic Advisors is launching a second equities unit, Triwood Asset Management, focusing on Asia-Pacific markets. Led by Yasuhiro Tamaki, the unit will pursue a long-short equity strategy and will operate across Hong Kong, Tokyo, Singapore, and New York. This move aligns with the trend of multistrategy hedge funds expanding their equities operations. Schonfeld, managing approximately $17.5 billion, aims to capitalize on the recovering Asian markets, particularly in Japan, South Korea, and Taiwan, amidst geopolitical volatility.

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FTSE Straits Times Index

Daiwa Securities Group, Inc.

Schonfeld to start second equity unit focusing on Asia-Pacific

$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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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)

CI#HSI RC2807X(65435.HK)

The Trade Development Council: The government injects HKD 200 million into the BUD Special Fund to support Hong Kong's SMEs and emphasize economic transformation and high-quality development

BOC Hong Kong: The budget proposal helps promote better financial services for the real economy and advantageous industries

The Hang Seng Index opened 254 points higher, rising above 27,000. Li Ning increased by 5%, while MINIMAX and KNOWLEDGE ATLAS rebounded | Hong Kong stock market opens

Budget reveal: government turns matchmaker with stronger hand in shaping economy

"Hong Kong Stocks" Hang Seng Index futures settlement day opened high at 254 points, HSBC continued to rise nearly 3%, AIA increased