SG#HSI RP2804M

CHK OIL

SHANDONG MOLONG

PETRO-KING

MIE HOLDINGS

D&G TECH

YUANHENG GAS

JX ENERGY

KINETIX SYSTEMS

YANCHANG PETRO

HAO WEN HLDGS

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03088

03037

STECH

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00HSI

The total turnover of Hong Kong stocks for the day was HKD 357.679 billion. Warrants accounted for 2.29%, reaching HKD 8.185 billion. The turnover of blue-chip and state-owned enterprise constituent stocks was HKD 147.624 billion and HKD 125.584 billion, respectively. The turnover of Hang Seng TECH Index constituent stocks was HKD 84.838 billion

AASTOCKS

TRACKER FUND

CAM HS TECH

CSOP HSI ETF

Hang Seng TECH Index

ISHARESHSTECH

FL2 CSOP HSI

FI2 CSOP HSI

CSOP HS TECH

GX HS TECH

Hang Seng Index

Warrants accounted for 2.29% of the total market turnover for the entire day

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36Kr learned that the Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%; the semiconductor, retail, and pharmaceutical biotechnology sectors led the decline, with Tianzu Zhixin down over 10%, JOINN down over 7%, and Meituan and Alibaba down over 4%; the oil and petrochemical, non-ferrous metals, and coal sectors saw the largest gains, with Shandong Molong up over 115%, SD-GOLD up over 7%, and China Coal Energy up over 3%; southbound funds had a net purchase of HKD 16.214 billion

36Kr

JOINN

SD-GOLD

ISHARESHSI-R

ChinaAMC Hang Seng ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

KraneShares 2x Long BABA Daily ETF

ChinaAMC Hang Seng Technology ETF(QDII)

Guotai CES Semiconductor Chip Industry ETF

BABA 2x Long Daily ETF - GraniteShares

ISHARESHSI-U

Krne Csi China Internet

XI2CSOPHSTECH

Hang Seng TECH ETF I

GTJA Allianz SSE STAR Chip Design Thematic ETF

Tianhong Hang Seng TECH ETF(QDII)

Meituan

MEITUAN

BABA-W

The Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%

03690

09988

The Hang Seng Index closed at 26,059 points, down 570 points or 2.1%; the Hang Seng TECH Index reported 4,989 points, down 148 points or 2.9%. The total market turnover was HKD 357.679 billion. Major stocks such as Xiaomi Group, Meituan, and Alibaba all experienced declines, falling over 5% and 4% respectively. Stocks like Xinyi Glass, CNOOC, and PetroChina reached new highs with active trading

XIAOMI-W

Alibaba

ALI HEALTH

CSEC/China Shenhua

XINYI GLASS

CHINA OILFIELD

PETROCHINA

CHINA SHENHUA

CNOOC

COSL

OOIL

According to the "All-Day Express," the Hang Seng Index fell by 570 points; the Hang Seng TECH Index dropped by 148 points. Xiaomi Group fell by over 5%, Meituan by over 4%, and Alibaba by over 4%. Xinyi Glass, CNOOC, PetroChina, OOIL, and China Shenhua hit new highs with active trading

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07300

36Kr learned that the net inflow of southbound funds exceeded HKD 11 billion

ISHARESHSI

FI CSOP HSI

Net inflow of southbound funds exceeds HKD 11 billion

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000001

The Hong Kong Monetary Authority, the Shanghai Municipal Bureau of Data, and the National Blockchain Technology Innovation Center have signed a Memorandum of Understanding to enhance digital cooperation in freight trade and finance. This agreement aims to leverage Hong Kong's strengths to facilitate connectivity and support Shanghai's integration into the international data ecosystem. The parties will explore innovative applications of digital technology, including a cross-border platform for financial cooperation and the use of electronic bills of lading to enhance trade finance between the two cities.

CoinLive

CSI 300

SSE Index

The Hong Kong Monetary Authority, the Shanghai Municipal Bureau of Data, and the National Blockchain Technology Innovation Center signed a memorandum of understanding.

36Kr learned that the net inflow of southbound funds reached HKD 3 billion

The net inflow of southbound funds reached HKD 3 billion

Hong Kong Forecasts Higher Arrivals in 2026

marketscreener

Hong Kong Forecasts Higher Arrivals in 2026

0HSCI

The Secretary for Financial Services and the Treasury, Christopher Hui, announced measures to optimize fund and family investment tools, including expanding the definition of funds and eligible investment types to attract more funds and family offices to settle in Hong Kong. A draft amendment is planned to be submitted to the Legislative Council in the first half of 2026, and if approved, the measures will take effect in the 2025/26 tax year. This move aims to enhance Hong Kong's asset and wealth management business, with a total value expected to exceed HKD 35 trillion by the end of 2024

Stheadline

Hang Seng Composite Index

The Financial Services and the Treasury Bureau plans to introduce 6 optimization measures to expand the definition of funds and types of investments, aiming to attract more funds and family offices

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36Kr learned that the Hang Seng Index fell 1.59% during the midday break, and the Hang Seng TECH Index dropped 2.81%; the media, hardware equipment, and pharmaceutical biotechnology sectors led the decline, with TIANDA PHARMA down over 12%, DAMAI ENT down over 7%, and Lens Technology down over 6%; the energy, public utilities, and non-ferrous metals sectors strengthened, with SINOPEC SSC up 20%, Futian shares up over 5%, and CHIFENG GOLD up over 4%; southbound funds had a net purchase of HKD 1.443 billion

China Southern Hang Seng ETF

TIANDA PHARMA

DAMAI ENT

HSCEI ETF

Dacheng Hang Seng Technology ETF(QDII)

SINOPEC SSC

CHIFENG GOLD

HS CSI300-R

The Hang Seng Index fell 1.59% at midday, and the Hang Seng TECH Index dropped 2.81%

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Hong Kong's Financial Secretary, Paul Chan, announced that there will be no further withdrawals from the Exchange Fund in the next five years. This follows a previous proposal to withdraw HK$150 billion (US$19 billion), the first since 1984. The Exchange Fund is vital for maintaining the Hong Kong dollar's peg to the U.S. dollar, and Chan stressed that future withdrawals should not become routine, as the fund is essential for financial stability and investor confidence.

A CSOP HKD MM

Hong Kong Plans No Further Withdrawals from Exchange Fund in Next Five Years

The latest Hong Kong Interbank Offered Rate (HIBOR) data shows that the overnight rate is 2.10083%, a decrease of 45.108 basis points from the previous trading day; the one-week rate is 2.13595%, down 27.584 basis points; the one-month rate is 2.35518%, down 5.803 basis points; the three-month rate is 2.52887%, down 5.476 basis points; the six-month rate is 2.67851%, down 5.441 basis points; and the twelve-month rate is 2.78161%, down 5.94 basis points. The data is as of March 2, 2026, 11:15

Latest Hong Kong Interbank Offered Rate (HIBOR)

Fines and penalties contributed HK$2.1 billion (US$268.39 million) to Hong Kong's government revenue in 2025-26, exceeding forecasts by 26%. This income, accounting for 0.3% of total revenue, stemmed from court fines, traffic penalties, and forfeitures. The increase was attributed to higher fines and a surge in forfeiture cases, particularly following amendments to the Dutiable Commodities Ordinance. Looking ahead, the government anticipates further revenue growth from traffic-related penalties despite an expected overall decline in fine income for 2026-27.

南华早报

Fines, penalties and forfeitures pump HK$2.1 billion into government coffers

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Former President of the Hong Kong Monetary Authority, Norman Chan, proposed four major recommendations to promote the internationalization of the Renminbi during an interview, including "capital connectivity," dual-currency trading of Hong Kong stocks, establishing a "cross-currency trading" mechanism, and setting up a "Renminbi Internationalization Fund." He believes that these measures can not only facilitate the internationalization of the Renminbi but also strengthen Hong Kong's position as an international financial center. Chan emphasized that Hong Kong can still play an important role in the country's financial development

E Fund CSI Hongkong Bond Investment Theme ETF

A CAM RMB MM

Propose four major suggestions to promote the internationalization of the Renminbi. Ren Zhigang: Hong Kong can also explore new opportunities to consolidate its position as an international financial center

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The CICC report pointed out that Hong Kong stocks have performed poorly overall since February, with the Hang Seng TECH Index experiencing a significant decline, dragging down the performance of Hong Kong stocks. It is expected that the funding environment for Hong Kong stocks in 2026 will be difficult to exceed that of 2025 and may be worse than that of A-shares. Although the Federal Reserve may cut interest rates, the impact on Hong Kong stocks remains uncertain. The IPO and refinancing activities in Hong Kong are active, with an expected scale reaching 1.1 trillion yuan, far exceeding the funding needs of 2025

HSTECH ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

CICC in "Major Banks": This year's Hong Kong stock market funding environment is likely to be more challenging than in 2025 and is probably not as good as the A-share market

$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

XL2CSOPHSTECH

GEELY AUTO

POP MART

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

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)

SG#HSI RP2804M(66100.HK)

Warrants accounted for 2.29% of the total market turnover for the entire day

The Hang Seng Index closed down 2.14%, and the Hang Seng Technology Index fell 2.89%

According to the "All-Day Express," the Hang Seng Index fell by 570 points; the Hang Seng TECH Index dropped by 148 points. Xiaomi Group fell by over 5%, Meituan by over 4%, and Alibaba by over 4%. Xinyi Glass, CNOOC, PetroChina, OOIL, and China Shenhua hit new highs with active trading

Net inflow of southbound funds exceeds HKD 11 billion

The Hong Kong Monetary Authority, the Shanghai Municipal Bureau of Data, and the National Blockchain Technology Innovation Center signed a memorandum of understanding.