HS#HSI RP2811F

HSI Futures Night Session Up 1.01%

April Futures Night Market Up 74 Points

Hong Kong Stock Night Futures Opening and Latest Quotes for Both Indexes

HSI Futures Open Down 0.69% at 25,743 Points

Hang Seng Index Futures Night Session Closes Up 0.13% at 25956.90

April Futures Night Market Slightly Soft

April and May Futures Settlement Prices Down

CITIC Securities: Updated Data on Hang Seng Bull and Bear Warrant Street Positions

HKF Futures Night Session Closes Down 0.36%

Futures Night Market Trading Down

Hang Seng Index Futures (March) Up 62 Points

HSI futures open up 3.22% at 25895.26

China Hong Kong's March S&P Global Manufacturing PMI at 49.3

HSI Night Futures Close at 25233 Points, Up 145 Points

April Futures Night Market Down 41 Points, 70 Points Below Fair Value

HSI Futures Open Down 0.14% at 25,263 Points

WisdomTree Finance: Hang Seng Index Night Futures Market Performance

HSIF opens up 2.27% in morning session

CITIC Securities: Latest Bull and Bear Position Distribution of Hang Seng Index

HSI futures night session closes up 1.76% at 25191

JOY SPREADER

DEEPEXI TECH

BUTONG GROUP

CHINA PARTYTIME

ALPHA PRO HLDGS

LUEN THAI

51WORLD

TRIO IND ELEC

TOMO HOLDINGS

HATCHER GROUP

00HSI

InnoEX and the Hong Kong Electronics Fair (Spring Edition) opened today, showcasing global technology innovations with a focus on AI and robotics. The events, held at the Hong Kong Convention and Exhibition Centre, feature over 2,800 exhibitors from 27 countries. Highlights include the debut of 'RoboPark', showcasing over 100 robots, and participation from top humanoid robot manufacturers. The fairs aim to foster collaboration and align with the National 15th Five-Year Plan, emphasizing Hong Kong's role as an international I&T hub.

Asian Corporate Newswire

Hang Seng Index

InnoEX and the Hong Kong Electronics Fair (Spring Edition) both open today, Gathering global technology experts, with AI+ and robotics in the spotlight

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Hong Kong's asset management scale grew by 13% last year, exceeding HKD 35 trillion, with net capital inflows of over HKD 700 billion, an increase of 81%. Hong Kong's position as a major international asset and wealth management center has been consolidated, especially in alternative investments and private equity, with managed assets reaching USD 231 billion, ranking second in Asia. The government has introduced multiple policies to maintain market advantages, including optimizing regulations and expanding the investor base, striving to enhance Hong Kong's competitiveness

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CSOP HSI ETF

FI2 CSOP HSI

FL2 CSOP HSI

FI CSOP HSI

ISHARESHSI

TRACKER FUND

Last year, the asset management scale in Hong Kong grew by 13% year-on-year to over HKD 35 trillion, with a net inflow of over HKD 700 billion

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Hong Kong Adopts Conservative Approach in Stablecoin Push, S&P Says

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HASHKEY HLDGS

Hong Kong Adopts Conservative Approach in Stablecoin Push, S&P Says

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The Financial Times, under the supervision of the People's Bank of China, pointed out that recent small-scale 7-day reverse repo operations by the central bank have drawn market attention, with some investors concerned about potential monetary policy tightening. However, these operations do not signal a tightening of liquidity; rather, they reflect the natural balance of supply and demand for funds in the market, demonstrating the central bank's precise regulation in optimizing the structure of liquidity injection. Liquidity in the interbank market remains ample

Wallstreetcn

CSI 300

Hang Seng Composite Index

SSE Index

Shenzhen Index

Central Bank-Linked Media: Liquidity in Interbank Market Remains Ample

According to official data, the China Securities Regulatory Commission issued 43 new licenses for institutional financing in March, a month-on-month rebound of 53%, but still below the historical average level. The institutions holding this license are responsible for listing sponsorship and compliance advisory services. Despite the increase in licensing activities, the industry is still undergoing adjustments after strict reviews, with the China Securities Regulatory Commission imposing limits on the number of active projects for sponsors and investigating suspected insider trading

AASTOCKS

Last month's issuance of IPO advisory licenses rebounded by over 50% month-on-month, but still remains below historical average levels

Hong Kong has issued 53% more IPO banker licenses, granting 43 new permits in March, indicating a recovery in the capital markets despite a high entry bar set by the Securities and Futures Commission (SFC). This increase follows a low in February but remains below the historical average. The SFC is focused on maintaining quality while encouraging firms to improve resource allocation. Current regulations limit bankers to five active mandates, creating a bottleneck for over 400 companies awaiting IPOs. The SFC's recent scrutiny and investigations into insider trading have added pressure on the industry.

Businesstimes News

Hong Kong issues 53% more IPO banker licences to ease shortage

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Hong Kong Stocks Fall as US Moves to Blockade Iranian Ports; Joy Spreader Surges on AI Tie-Up

China Southern Hang Seng ETF

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ChinaAMC Hang Seng ETF

Hong Kong Stocks Fall as US Moves to Blockade Iranian Ports; Joy Spreader Surges on AI Tie-Up

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China shares flat as US-Iran peace talks collapse, blockade looms

HS FCI50 ETF

E Fund CNI Value 100 ETF

Fullgoal CSI A50 ETF

Harvest FTSE China A50 ETF

Fortune SG SSE 180 Value ETF

China shares flat as US-Iran peace talks collapse, blockade looms

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China's economy is expected to see a Q1 GDP growth rebound to 4.8% year-on-year, up from a three-year low of 4.5%. However, growth is projected to slow to 4.6% for the full year due to the impact of the Iran war on corporate profits and overseas demand. Despite absorbing the economic shock with limited disruption, higher oil prices are raising input costs. The government plans a budget deficit of about 4% of GDP and aims to support growth through bond issuance, while the central bank is expected to maintain current interest rates through 2026.

Occidental Petroleum

BP p.l.c.

HSPC

iShares US Oil & Gas Expl & Prod

VanEck Oil Services ETF

SPDR O&G Ex & Prd

SPDR Energy Select

Invesco DB Multi Sector Comm TR Oil Fd ETF

Pro Ultr Bloomberg Crude Oil

VanEck Oil Refiners ETF

iShares US Oil Equip & Svcs

SPDR O&G Equip

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Us Brent Oil

United States Oil Fund LP

ISHRS S&P Glb Engy

China poised for Q1 GDP growth rebound, but Iran war dims 2026 outlook

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The Hang Seng Index closed at 25,660 points, down 232 points or 0.9%; the Hang Seng TECH Index reported 4,822 points, down 38 points or 0.8%. The total market turnover was HKD 207.909 billion. JD HEALTH fell over 9%, while XUNCE, Guofu Quantum, Heavy Truck, and ASMPT reached new highs with active trading. Among the active blue-chip stocks, Tencent, Alibaba, Meituan, and Xiaomi all experienced declines

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According to the "All-Day Express," the Hang Seng Index closed at 25,660 points, down 232 points; the Hang Seng TECH Index closed at 4,822 points, down 38 points. JD HEALTH fell over 9%, while XUNCE, Guofu Quantum, Heavy Truck, and ASMPT reached new highs with active trading

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Hong Kong Stock Market Close: Hang Seng Index fell 0.9%, Hang Seng TECH Index fell 0.79%

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Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

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Tianhong Hang Seng TECH ETF(QDII)

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Reuters

Roundhill China Dragons ETF

Invesco Golden Dragon China

NASDAQ Golden Dragon China Index

iShares MSCI China

POLL-China's exports set to lose momentum as Iran war undercuts AI-driven boom

China has launched a national action plan to integrate AI into its education system, aiming to enhance workforce readiness amid global competition. The "AI+ Education" plan mandates AI integration from primary to lifelong education, building on a long-term strategy for 2035. It emphasizes raising AI literacy, consolidating resources, and overhauling teacher training. The initiative includes tiered AI integration across education levels, with funding from the central budget and local investments to support the development of new AI education platforms.

SCMP

China launches national plan to boost AI education

The latest Hong Kong Interbank Offered Rate (HIBOR) data shows that the overnight rate is 2.53131%, down 4.899 basis points from the previous trading day; the one-week rate is 2.32964%, down 7.036 basis points; the one-month rate is 2.23244%, down 0.78 basis points; the three-month rate is 2.4303%, up 3.03 basis points; the six-month rate is 2.69036%, down 0.964 basis points; and the twelve-month rate is 3.02988%, up 0.143 basis points. The data is as of April 13, 2026, 11:15

Latest Hong Kong Interbank Offered Rate (HIBOR)

$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

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CSOP A50 ETF-R

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POP MART

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Li Auto

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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)

HS#HSI RP2811F(57091.HK)

HS#HSI RP2811F Stock Performance Chart

InnoEX and the Hong Kong Electronics Fair (Spring Edition) both open today, Gathering global technology experts, with AI+ and robotics in the spotlight

Last year, the asset management scale in Hong Kong grew by 13% year-on-year to over HKD 35 trillion, with a net inflow of over HKD 700 billion

Hong Kong Adopts Conservative Approach in Stablecoin Push, S&P Says

Central Bank-Linked Media: Liquidity in Interbank Market Remains Ample

Last month's issuance of IPO advisory licenses rebounded by over 50% month-on-month, but still remains below historical average levels