CI#HSI RP2807L

Hang Seng Index Futures Open Down 1.05%, Quoted at 25,561.17

Hang Seng Index Futures Down 211 Points, Unwind Contracts Decrease

HSI Night Index (May) Down 22 Points

Hang Seng Index Futures Open Up 0.36% at 25,800 Points

Changes in Bull and Bear Street Positions of Hang Seng Index

Hong Kong Index Futures Night Session Closes Down 0.27% at 25,632.73 Points

Hang Seng Index Night Futures Up 11 Points

Hang Seng Index Futures Open 0.02% Higher at 25,959.90 Points

CITIC Securities Displays Bull and Bear Warrant Street Inventory Distribution Data for Hang Seng Index

HSI April and May Futures Open Lower

HSI Night Index Closed Down 271 Points

Changes in Bull and Bear Warrant Street Positions of Hang Seng Index

Hang Seng Index Futures Night Session Rises 0.39% to 26,494

April Night Futures Index Flat, May Night Futures Index Slightly Down

HSI futures open higher in the daytime session

CITIC Securities Updates Data on Bull and Bear Warrants Street Positioning for Hang Seng Index

Hang Seng Index Futures Night Session Closes Up 1.22% at 26,502 Points

Both Hang Seng and China Enterprises Index Futures Rise in Night Session

Night Index Futures Up 73 Points at 26255

HSI Night Index Rises 0.061% to 26198 Points

CH GOLD CLASSIC

STARGLORY HLDGS

CENTRALCHINA MT

VSING

CONTEL

CHI HO DEV

RIMBACO

CHINA CBM

LERADO FIN

WING CHI HLDGS

00HSI

Hong Kong tour groups to mainland China surge by up to 40% for Labour Day break-SCMP

Unusual Whales

Hang Seng Index

Hong Kong tour groups to mainland China surge by up to 40% for Labour Day break-SCMP

688981

601628

02628

03037

513600

03115

07500

The HSI fell 322 points to 25,789 at midday, influenced by a 280-point drop in the DJIA. CHINA LIFE rose nearly 5% despite a 32.3% drop in 1Q net profit, while SMIC surged over 6%. Other major stocks like CCB and BANKCOMM reported profit increases but saw share declines. Tech stocks faced mixed results, with TENCENT down 3% and NTES up 2.2%. International oil prices rose, benefiting PETROCHINA, while auto stocks like BYD and NIO experienced significant drops. HSBC is involved in a USD40 billion loan arranged by SoftBank, with its shares down 0.7%.

AASTOCKS News

SMIC

China Life

CHINA LIFE

CSOP HSI ETF

China Southern Hang Seng ETF

ISHARESHSI

FI2 CSOP HSI

HSI Down 322 pts at Half Day; CHINA LIFE  Up Nearly 5%; SMIC Surges Over 6%

399001

000001

000300

159263

02838

159591

512550

510030

China Allocates Second Batch of Special Treasury Bonds Worth 91.5 Billion Yuan for Equipment Upgrades: State Planner

Shenzhen Index

SSE Index

CSI 300

E Fund CNI Value 100 ETF

HS FCI50 ETF

Fullgoal CSI A50 ETF

Harvest FTSE China A50 ETF

Fortune SG SSE 180 Value ETF

China Allocates Second Batch of Special Treasury Bonds Worth 91.5 Billion Yuan for Equipment Upgrades: State Planner

02822

China's factory activity continued to expand in April, with the official manufacturing PMI at 50.3, slightly down from 50.4 in March but above the growth threshold of 50. This indicates sustained growth momentum despite external challenges, including the Middle East conflict, and surpasses the median forecast of 50.1 from a Reuters poll.

- In April, China's manufacturing activity expanded for the second consecutive month, according to official surveys.  
- The official manufacturing Purchasing Managers' Index (PMI) decreased slightly from 50.4 in March to 50.3, remaining above the 50 mark that indicates growth.  
- This data surpassed the median expectation of 50.1 from a Reuters poll, suggesting sustained economic momentum despite external pressures from the Middle East conflict.

Investing

CSOP A50 ETF

China’s factory activity remains in expansion in April, PMI shows

Guangdong plans to align with Hong Kong's Northern Metropolis strategy as part of its 15th five-year plan, emphasizing collaboration in economic and social development. The development blueprint highlights the Guangdong-Hong Kong-Macau Greater Bay Area, aiming for a 5% annual growth rate. Key focuses include technological innovation, advanced manufacturing, and environmental protection. The province will enhance cooperation with Hong Kong and Macau, develop distinctive platforms, and attract international R&D enterprises. The plan aims to deepen industrial cooperation and improve cross-border research funding mechanisms, reinforcing the integration of the Greater Bay Area.

- Guangdong will actively align with Hong Kong's Northern Metropolis strategy and highlight cooperative areas in its 15th Five-Year Plan.  
- The province emphasizes the integration of Hong Kong, Macau, and nine mainland cities into a high-tech economic powerhouse, planning to enhance economic cooperation in innovation, advanced manufacturing, and green development.  
- Authorities aim to accelerate development in key areas such as the Shenzhen-Hong Kong Innovation Cooperation Zone and establish collaborative platforms with Hong Kong and Macau to attract international research entities and facilitate greater cross-border collaboration.

SCMP

Guangdong to ‘actively align’ with Hong Kong’s Northern Metropolis push

MCHI

DRAG

CNYA

China's economy has made a strong start in the 15th Five-Year Plan (2026-2030), demonstrating resilience despite external pressures and trade tensions. Key factors include deepening reforms, promoting self-sufficiency in technology, and strengthening internal growth drivers. The focus has shifted from traditional growth models to technology and high-quality development. High-tech manufacturing saw significant growth, with a 47.4% increase in profits. China's opening up includes reducing restrictions on foreign investment and enhancing the business environment, while domestic demand is becoming a crucial growth engine. The plan aims for a more balanced and sustainable economy.

- China's economic resilience and vitality are attributed to ongoing reforms, a focus on technological self-sufficiency, and a strong internal growth dynamic as indicated in the analysis.  
- The 15th Five-Year Plan (2026-2030) emphasizes high-quality development over traditional growth models, with significant increases in high-tech manufacturing contributing to overall industrial profit.  
- Internal demand is becoming a crucial growth driver, supported by strategic initiatives to enhance consumption and ensure sustainable expansion, reinforcing China's long-term economic stability and adaptability.

prnewswire

iShares MSCI China

Roundhill China Dragons ETF

ISHRS MSCI China

Invesco Golden Dragon China

iShares China Large Cap

11:28 ETCGTN:Lo que indica el sólido comienzo de China en el 15.º período del Plan Quinquenal

07300

07200

03033

02800

China's $1.2 trillion trade surplus is significantly flowing into the Hong Kong stock market, as highlighted by a Caixin analysis. This trend coincides with the passing of investor Mark Mobius, signaling a decline in Western bullish sentiment towards China. While some surplus funds are used for overseas expansion, a substantial amount is still directed to equities. The shift raises concerns about the implications for the Chinese economy and whether these offshore flows are sanctioned by the government. Meanwhile, Western investors remain cautious, fearing regulatory uncertainties despite recent market rallies.

benzinga_article

FI CSOP HSI

FL2 CSOP HSI

CSOP HS TECH

HS HSI ETF-R-D

TRACKER FUND

BFB HEALTH

SINOPEC CORP

Meta Platforms

Sinopec Corp.

How China's Trade Surplus Is Floating Hong Kong Equities, Even As Western bulls Retreat

Hong Kong has introduced a new support package for small and medium-sized enterprises (SMEs) affected by the global fuel crisis and geopolitical tensions, increasing available bank lending by 21% to HK$450 billion (US$78.43 billion). The measures aim to enhance financing access, strengthen business resilience, and facilitate transformation. Key initiatives include flexible repayment options, loan tenor extensions, and expedited approvals under the SME Financing Guarantee Scheme. Since 2024, these measures have benefited over 89,000 SMEs, with a total credit limit exceeding HK$209 billion. SMEs represent 98% of Hong Kong's enterprises, employing 43% of the workforce.

Hong Kong throws SMEs lifeline with raft of measures, HK$450 billion in loans

Hong Kong's financial chief revised the city's fiscal surplus for the previous year to HK$11 billion (US$1.91 billion), nearly four times the original estimate. Financial Secretary Paul Chan Mo-po stated that the ongoing Middle East conflict had a limited impact on the economy, with strong GDP growth in the first quarter. He dismissed concerns about increased bond issuance for the Northern Metropolis megaproject as "overly alarmist." The government’s consolidated account is expected to return to surplus in the 2025-26 financial year after three years of deficits.

- Hong Kong's Financial Secretary has revised the city's fiscal surplus for the previous year to HKD 11 billion (USD 1.91 billion), nearly four times the initial estimate, while noting limited economic impact from the Middle East conflict and strong GDP growth in Q1.  
- The government has received legislative approval for its annual budget, which includes moving HKD 150 billion from the foreign exchange fund to support major infrastructure projects in the Northern Metropolis.  
- Financial Secretary Paul Chan emphasized the importance of these investments for Hong Kong's long-term development, dismissing concerns over potential burdens on future generations.

Hong Kong surplus hits HK$11 billion as finance chief ‘monitors’ Mideast war

HKXCY

002594

BABX

KBAB

On futures settlement day, the HSI rose 432 points (1.7%) to close at 26,111, with a total market turnover of HKD258.281 billion. Key companies reported strong quarterly results, including HKEX (+3%), BYD (+4.4%), and Ping An (+6.1%). However, CM Bank (-4.2%) and WH Group (-5.8%) missed expectations. Tech stocks like Tencent and Alibaba also saw gains, while newly listed SUNMI TECH surged 241.1% from its listing price. Overall, the market showed positive momentum driven by strong earnings reports.

Hong Kong Exchanges and Clearing (HKEX)

BYD Company Limited

CM BANK

HKEX

Tencent Holdings Limited

Ping An Insurance

China Merchants Bank

Ping An

PING AN

BABA 2x Long Daily ETF - GraniteShares

Ping An CSI Animal Husbandry ETF

KraneShares 2x Long BABA Daily ETF

Tencent

TENCENT

BYD COMPANY

HSI Rises 432 pts on Futures Settlement Day; HKEX Surges Post-Results; Mainland Insurers and Developers Advance

Asian markets opened unevenly on Wednesday, with the Hang Seng index gaining 1.2% while South Korea's Kospi fell 0.39% and Australia's ASX 200 slipped 0.28%. Investor sentiment was cautious following a tech selloff in the U.S. and concerns over AI spending sustainability. The MSCI Asia-Pacific index eased 0.2%, with Japan closed for a holiday. The divergence in market performance suggests selective buying rather than broad conviction, as traders await the Federal Reserve's policy decision and major earnings reports.

Invezz

NASDAQ Composite Index

S&P 500

OpenAI

Microsoft

Alphabet

Alphabet - C

Amazon

Hang Seng gains 1.2% while Asian markets wobble on tech selloff

The Hong Kong stock market has experienced consecutive declines, dropping nearly 300 points or 1.2%. The Hang Seng Index is expected to open under pressure again, influenced by negative global forecasts, particularly in tech shares and ongoing Middle East conflicts affecting oil prices. On Tuesday, the index fell 245.87 points to close at 25,679.78. Major stocks like Alibaba and Xiaomi saw significant losses, while some oil companies showed gains. Wall Street's weak performance further impacts the Asian markets, with crude oil prices fluctuating amid geopolitical tensions.

nasdaq

XIAOMI-W

Alibaba

BABA-W

Hong Kong Stock Market May Take Further Damage On Wednesday

03032

Hong Kong's exports surged by 35.8% year-on-year in March, marking the highest growth in over five years, driven by strong global demand for AI-related electronic products. Imports also rose by 41.2%, resulting in a trade deficit of HK$89.1 billion. Despite positive export figures, concerns were raised about geopolitical tensions affecting global trade. The Trade Development Council forecasts an 8-9% growth in exports for 2026, although exporter confidence has declined amid global trade turbulence.

- Hong Kong's exports grew nearly 36% year-on-year in March, reaching a total value of 618.4 billion HKD (79.8 billion USD), driven by strong global demand for AI-related electronic products.  
- Despite the positive performance, a government spokesperson warned that ongoing geopolitical conflicts pose risks to global trade and supply chains, with March imports rising 41.2% and resulting in a trade deficit of 89.1 billion HKD.  
- The Trade Development Council forecasts an 8% to 9% export growth in 2026, while exporter confidence fell in early 2026, influenced by recent geopolitical and market disruptions.

HSTECH ETF

Hong Kong exports surge 35.8% in March, sharpest rise in over 5 years

$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

CSOP A50 ETF-R

Hang Seng TECH Index

XI2CSOPHSTECH

ISHARESHSTECH

XL2CSOPHSTECH

CAM HS TECH

Hang Seng TECH ETF I

GEELY AUTO

POP MART

Li Auto

TENCENT-R

Tencent HK SDR 10to1

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)

CI#HSI RP2807L(63353.HK)

Hong Kong tour groups to mainland China surge by up to 40% for Labour Day break-SCMP

HSI Down 322 pts at Half Day; CHINA LIFE Up Nearly 5%; SMIC Surges Over 6%

China Allocates Second Batch of Special Treasury Bonds Worth 91.5 Billion Yuan for Equipment Upgrades: State Planner

China’s factory activity remains in expansion in April, PMI shows

Guangdong to ‘actively align’ with Hong Kong’s Northern Metropolis push