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Hong Kong Financial Secretary Paul Chan highlighted in a blog post that the average daily turnover of Hong Kong stocks surpassed HK$300 billion in March, marking an 8% increase year-on-year. This underscores Hong Kong's reputation as a safe haven for investors, supported by stable economic growth in mainland China and a surge in high-quality IPOs. As of March 27th, IPO fundraising exceeded HK$103 billion, leading globally, with total fundraising around HK$237 billion. Over 500 companies are currently applying to list, indicating Hong Kong's growing importance for financing and expansion.

CoinLive

TRACKER FUND

ISHARES CHINA

FI2 CSOP HSI

Hang Seng China Enterprises Index

HSCEI ETF

FL2 CSOP HSI

Hang Seng Index

HS AINDTOPETF-R

CSOP HSI ETF

ChinaAMC Hang Seng ETF

FI CSOP HSI

ISHARESHSI

Paul Chan: Hong Kong is a safe haven for investors' funds

STECH

Since the beginning of this year, southbound funds have continuously increased their positions in the Hong Kong stock market, becoming an important source of incremental funds for the market. According to Wind Information, as of the close on April 2, the net buying scale has reached HKD 228.08 billion year-to-date. (Securities Daily)

36Kr

Hang Seng TECH Index

Southbound funds accelerate "shopping" for Hong Kong stocks, with a net purchase exceeding HKD 228 billion this year

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Hong Kong stocks performed strongly today, with the Hang Seng Index closing up 505 points at 25,294 points, and the China Enterprises Index and Hang Seng TECH Index rising by 130 points and 106 points, respectively. Technology stocks generally rose, with Tencent, Alibaba, and Baidu all performing well. AI stock KNOWLEDGE ATLAS saw its annual net loss widen, but CICC expects significant revenue growth, leading to a 31.9% increase in its stock price. The overall market turnover reached HKD 291.421 billion

AASTOCKS

ALI HEALTH

BABA-W

KNOWLEDGE ATLAS

BIDU-SW

TENCENT

DAMAI ENT

CSOP HS TECH

E Fund CSI HK Connect Internet ETF

Hwabao CSI HK Equities Internet ETF

"Hong Kong Stocks" The Hang Seng Index closed up 505 points, with AI and pharmaceutical stocks dancing, while airline and metal stocks surged

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Reuters

Guotai SSE Composite ETF

ChinaAMC China 50 ETF

CSI 300

ISHARESHSI-R

Huatai-PB CSI 300 ETF

E Fund CSI Hongkong Bond Investment Theme ETF

China Southern Hang Seng ETF

SSE Index

HSI ESG ETF

Hwabao Wp S&P Hugangshen China Enhanced Value Index Fund(LOF)-A

Harvest SZSE SME-ChiNext Composite 300 ETF

China, Hong Kong stocks join global relief rally on hopes of end to Iran war

As of March 31, Southbound capital had a net inflow of over HK$220 billion in the first quarter, with a single-day net inflow of HK$37.213 billion on March 9, setting a new record. Of the 56 trading days, 37 saw net inflows, exceeding 60%. All three months maintained monthly net inflows, with February seeing over HK$90 billion and January and March each exceeding HK$60 billion

Wallstreetcn

Southbound Capital Net Buys Over HK$220 Billion in Q1

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Manufacturing PMI rose as expected in March, with a month-on-month increase of 1.4 percentage points, in line with seasonal patterns. Price indicators hit a new high since the second quarter of 2022, and PPI year-on-year is expected to return to positive growth. The new export orders index reached its highest value since May 2024, indicating export resilience. Although the month-on-month increase in the production index was in line with the historical average, demand showed stronger performance, reflecting businesses' cautious attitude towards future production

- The March manufacturing PMI rose in line with seasonal expectations, indicating a rebound following the Lunar New Year.  
- Notably, price indices reached their highest since the second quarter of 2022, with new export orders showing significant strength, suggesting resilience in exports.  
- However, a disparity in price increases between raw materials and finished goods may signal challenges in cost management within the industry amid persistent demand pressures.

Shenzhen Index

March PMI: A New Script for Re-entering Expansion

China's factory activity reached a one-year high in March, with the manufacturing PMI rising to 50.4 from 49.0 in February, surpassing analysts' expectations. This growth is attributed to improved demand and a rebound in economic activity following the Lunar New Year holiday. However, concerns remain over geopolitical tensions and rising input costs, which could impact exports and domestic demand. The non-manufacturing PMI also increased, indicating broader economic recovery, but challenges persist as businesses face pressure from supply chain disruptions and volatile energy markets.

- China's factory activity expanded at its fastest pace in a year in March, with the manufacturing purchasing managers' index (PMI) rising to 50.4 from 49.0 in February, surpassing analyst expectations.  
- Improved demand and a rebound in property and infrastructure investment contributed to this growth, although challenges remain due to global supply chain issues and rising commodity prices.  
- Concerns persist regarding the impact of geopolitical tensions and rising input costs, which could pressure domestic demand and hinder the anticipated shift towards consumption-led growth.

Business Standard

China's factory growth hits 1-year high in March despite war risks

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One month after the oil price shock, the relative resilience of Chinese assets has traceable origins: a low external dependency in the energy consumption structure, a safety cushion from ample strategic reserves, continuous independent breakthroughs in AI technology, and a naturally low correlation between A-shares and global markets have jointly formed this shock-resistant foundation. While global stagflation risks have not been fully eliminated, Goldman Sachs' assessment is clear: at current price levels, the Risk/Reward Ratio remains favorable, and A-shares and H-shares are worth strategic allocation

- The Brent crude oil price surged 50% to $110 per barrel amid the ongoing Middle East conflict, worsening global inflation and growth challenges.  
- Despite this, Chinese assets displayed resilience, with A-shares only down 4%, supported by factors such as the country's energy diversification strategy and AI advancements.  
- Goldman Sachs maintains an "overweight" rating for A and H shares, slightly lowering 12-month target prices while highlighting the potential for significant returns for investors.

Fortune SG SSE 180 Value ETF

Hang Seng Composite Index

Hang Seng Composite LargeCap

One Month of Oil Price Shocks: Why Are Chinese Assets More Resilient?

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Asian indices, including the Hang Seng, Nikkei 225, Shanghai Composite, and Kospi, fell on Thursday, reversing gains from the previous day amid rising optimism about US-Iran talks. The Nikkei 225 dropped 150 points, while the Hang Seng, Shanghai Composite, and Kospi fell by 350, 30, and 150 points, respectively. Concerns over the ongoing war in Iran and rising crude oil prices contributed to the decline. Major companies in the region, such as China Life Insurance and Meituan, saw significant losses, reflecting a risk-off sentiment among investors.

Invezz

China Life

CHINA LIFE

Conglomerates Index

Pro Ultrshrt Yen

MEITUAN

Meituan

Here's why the Hang Seng, Nikkei 225, Kospi, and Shanghai Composite are falling

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Asia-Pacific markets surged on Wednesday following U.S. President Donald Trump's comments about potential talks with Iran, boosting investor sentiment. The Nikkei 225 rose 2.9%, while the Hang Seng increased by 1.1%. Despite Pop Mart's impressive revenue growth of 185%, its shares fell over 23% due to concerns about reliance on a narrow set of IPs. Other markets also saw gains, with the CSI 300 up 1.4%, Kospi up 1.6%, and ASX climbing 1.9%.

- Asia-Pacific markets rose as U.S. President Trump indicated potential talks with Iran, boosting investor sentiment despite Tehran's denial of negotiations.  
- Japan's Nikkei 225 increased by 1,497.34 points, while Pop Mart shares dropped over 23% despite significant annual revenue growth.  
- Other markets also saw gains, with Shanghai's CSI 300 up 62.74 points and Korea's Kospi index rising 88.29 points, reflecting positive trends across the region.

Baystreet

ChinaAMC Nomura N225 ETF(QDII)

POP MART

CSOP NIKKEI225

Huaan MUFG N225 ETF(QDII)

Trump in Talks with Iran, Asia Flourishes

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

HS RMB GOLD ETF

CMS HS TECH

HSTECH ETF

ISHARESHSTECH

The net inflow of southbound funds reached HKD 3 billion

According to statistics from Gongmu Paipaiwang, 24 new mutual funds are planned for issuance this week, marking the second consecutive week that the number has been below 30. Analysts point out that this reflects the high level of attention mutual fund institutions are paying to the future market of Hong Kong stocks, and they are making forward-looking allocations through new products

Issuance Pace of New Mutual Funds Slows Down, Hong Kong Stocks Become Focus for Allocation

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At the China Development Forum, over 100 global leaders discussed China's 15th Five-Year Plan, emphasizing its potential for high-quality development and global economic opportunities. Premier Li Qiang highlighted the plan's focus on stabilizing growth, enhancing the business environment, and promoting foreign investment. Amid Middle East tensions affecting global markets, experts stressed the need for continued reforms. The plan aims to boost domestic consumption and transform China into a core global market, with a commitment to open trade and sustainable economic practices.

- The annual China Development Forum engaged over 100 representatives from international organizations and Fortune 500 companies to discuss opportunities from China's 15th Five-Year Plan amid global economic challenges.  
- Premier Li Qiang emphasized that the plan represents a new blueprint for high-quality development and aims to stabilize economic growth while enhancing the business environment.  
- Leaders from the World Bank and IMF highlighted rising risks due to Middle Eastern conflicts, stressing the need for investment in reforms to ensure global economic stability and growth.

Yicai

China Universal CSI 300 Index Initiating Fund(LOF)-C

HS FCI50 ETF

ISHARESCSI300

CSOP A50 ETF

Fullgoal CSI A50 ETF

SZSE ETF

Zheshang CSI 300 Enhanced Index Fund(LOF)-A

Harvest FTSE China A50 ETF

ISHARES A50

Global Leaders Focus on China's Development Prospects in New Five-Year Plan at Forum

The Asia-Pacific stock markets fell across the board due to the tense situation in the Middle East. The Shanghai Composite Index dropped 2.5% to 3,858 points, the Shenzhen Component Index fell 2.5% to 13,515 points, the Hong Kong Hang Seng Index decreased 3.5% to 24,400 points, and the Taiwan Weighted Index declined 2.8% to 32,613 points. Japan's Nikkei Index fell 3.8% to 51,319 points, and South Korea's Composite Stock Price Index dropped 5.8% to 5,446 points. India's Nifty 50 Index decreased 2.5% to 22,542 points, Australia's S&P 200 Index fell 0.7% to 8,368 points, and New Zealand's 50 Index dropped 0.7% to 12,899 points. The market is generally focused on the tense relationship between the United States and Iran

X TRNIFTY50

FL2 CSOP NIKKEI

PREMIA TW50

FI2 CSOP NIKKEI

"Asian Stocks" Asian stocks fell across the board, with some indices in Japan and South Korea experiencing circuit breakers; South Korean stocks dropped nearly 6%

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China has kept its benchmark loan prime rate unchanged for the 10th consecutive month, with the one-year LPR at 3.0% and the five-year LPR at 3.50%. This decision comes as the People's Bank of China considers measures to boost local economic growth amid weak domestic demand. The country has opted for liquidity measures instead of further rate cuts to avoid impacting bank margins and the yuan. Beijing plans to implement more fiscal and monetary stimulus to support growth.

- China has maintained its benchmark loan market interest rates for the tenth consecutive month, keeping the one-year loan rate at 3.0% and the five-year rate at 3.50%.  
- These rates are at their lowest in six years, following a series of previous cuts, while the People's Bank of China hesitates to lower rates further, opting for liquidity measures instead.  
- China aims for a modest growth target in 2026 amidst weak domestic demand and has pledged to introduce additional fiscal and monetary support to bolster economic growth.

Investing

NASDAQ Golden Dragon China Index

Roundhill China Dragons ETF

iShares MSCI China

Invesco Golden Dragon China

China leaves loan prime rate unchanged for 10th straight month in March

Hong Kong stocks: have risen significantly, but valuations remain very low; the issue is that they have always been low. U.S. stocks: valuations are very high, which may contain risks.

Dow Jones Industrial Average

NASDAQ Composite Index

SPDR S&P 500

Dehydrated Research Report | How to View Valuations of Hong Kong Stocks and US Stocks?

UB#HSCEIRP2812C(54207.HK)

UB#HSCEIRP2812C Stock Performance Chart

Paul Chan: Hong Kong is a safe haven for investors' funds

Southbound funds accelerate "shopping" for Hong Kong stocks, with a net purchase exceeding HKD 228 billion this year

"Hong Kong Stocks" The Hang Seng Index closed up 505 points, with AI and pharmaceutical stocks dancing, while airline and metal stocks surged

China, Hong Kong stocks join global relief rally on hopes of end to Iran war

Southbound Capital Net Buys Over HK$220 Billion in Q1