SG#HSI RC28101

THELLOY DEV

LOTUS HORIZON

MIRICOR

NIU HOLDINGS

DAISHOMICROLINE

MODERN CHI MED

CHINA TIANRUI

MSCTECH

NORTH MINING

SEVEN ELEMENTS

00002

01997

00005

00HSI

00175

The Hong Kong stock ADR is expected to open 674 points lower on Monday, reporting at 24,602 points. The relative stock prices and the premium situation of Hong Kong stocks to the American Depositary Receipts are as follows: CK Hutchison 58.754 HKD (premium 2.63%), CLP HOLDINGS 74.031 HKD (premium -0.58%), Hong Kong and China Gas 6.519 HKD (premium 12.59%), Wharf Holdings 23.032 HKD (premium 2.55%), HSBC HOLDINGS 120.564 HKD (premium 3.26%), Power Assets Holdings 62.084 HKD (premium -0.46%), PCCW 5.879 HKD (premium 1.21%), HENDERSON LAND 30.247 HKD (premium 3.02%), SHK PPT 130.67 HKD (premium 1.55%), NEW WORLD DEV 8.539 HKD (premium 3.76%), SWIRE PACIFIC A 87.505 HKD (premium 1.14%), BANK OF E ASIA 13.339 HKD (premium 2.11%), GALAXY ENT 34.841 HKD (premium 2.70%), HANG LUNG PPT 8.716 HKD (premium 2.00%), GEELY AUTO 19.134 HKD (premium 2.02%), CITIC 10.623 HKD (premium 8.35%), Cathay Pacific 12.378 HKD (premium 0.18%)

AASTOCKS

CLP HOLDINGS

WHARF REIC

HSBC HOLDINGS

HANG LUNG PPT

Hang Seng Index

BANK OF E ASIA

NEW WORLD DEV

GALAXY ENT

Galaxy Entertainment Group

SHK PPT

HENDERSON INV

SWIRE PACIFIC B

GEELY AUTO

PCCW

HSBC

HENDERSON LAND

Hong Kong stocks ADR expect the Hang Seng Index to open 674 points lower on Monday, reporting at 24,602 points

07200

STECH

03033

02800

03032

513600

07500

03115

The Hang Seng Index main futures closed down 2.08% in the overnight session, at 24,725 points. The Hang Seng TECH Index main futures closed down 2.14% in the overnight session, at 4,762 points

Wallstreetcn

FL2 CSOP HSI

Hang Seng TECH Index

CSOP HS TECH

CAM HS TECH

XL2CSOPHSTECH

TRACKER FUND

HSTECH ETF

China Southern Hang Seng ETF

FI2 CSOP HSI

XI2CSOPHSTECH

ISHARESHSI

The Monetary Authority announced that the total credit card transaction amount in the fourth quarter of 2025 reached HKD 311.6 billion, an annual increase of 14.8%. The total number of credit cards was 28.99 million, a quarterly increase of 15.6%. The transaction volume for that quarter was 393.96 million, an annual increase of 16.1%. Hong Kong consumption accounted for 64.7%, while overseas consumption accounted for 32.2%. The number of stored value payment tool accounts increased to 86.4 million, with a total transaction volume of approximately 2.3 billion and a total amount of HKD 272.4 billion, an annual increase of 8.3%

Stheadline

The total credit card transaction amount in Hong Kong in the fourth quarter of last year was HKD 311.6 billion, an increase of 14.8% year-on-year

000001

399001

000300

China proposes stricter financial oversight in draft law

marketscreener

SSE Index

Shenzhen Index

CSI 300

China proposes stricter financial oversight in draft law

512880

03188

As of now, the number of new listings on the Hong Kong Stock Exchange in 2026 has exceeded 30, a year-on-year increase of 150%; the IPO fundraising amount has reached HKD 100.472 billion, a year-on-year increase of 559.02%. The A-share market has become an important source of new listings for the Hong Kong Stock Exchange, with 14 A-share listed companies raising a total of HKD 65.883 billion, accounting for more than 65.57%

Guotai CSI All Share Investment Banking & Brokerage ETF

CAM CSI300

Hong Kong Exchanges and Clearing (HKEX)

Yinhua CSI All Share Investment Banking & Brokerage ETF

iShares MSCI China

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

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

HKEX

ISHRS Us Brokers & Sec Exchg

The financing amount of Hong Kong stocks' IPOs has exceeded 100 billion this year, and the "A+H" market continues to expand

09115

07300

China Securities Regulator Cracks Down on 'Low-Quality' Hong Kong Listings

ISHARESHSI-U

FI CSOP HSI

China Securities Regulator Cracks Down on 'Low-Quality' Hong Kong Listings

520920

159740

159920

The Director of the Investment Promotion Agency, Liu Kaixuan, stated that the instability in the Middle East is affecting corporate expansion, with funds shifting towards Hong Kong and Singapore. She mentioned that Hong Kong is seen as a safe and reliable haven, attracting the attention of many enterprises. Although the situation in the Middle East has driven up international oil prices, increasing the operating costs for small and medium-sized enterprises, the mainland economy is still growing rapidly, attracting overseas companies. Liu Kaixuan believes that Hong Kong has the opportunity to attract global and mainland enterprises, promote market diversification, and will continue to assist companies in going overseas and bringing in funds

Tianhong Hang Seng TECH ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

ChinaAMC Hang Seng ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Liu Kaixuan: The situation in the Middle East affects corporate expansion, and a lot of capital is shifting towards Hong Kong

KBAB

BABX

Hong Kong stocks fluctuated on Friday amid Middle East tensions and volatile oil prices. The Hang Seng Index fell 0.1% to 25,471.66, while the Hang Seng Tech Index dropped 0.7%. Alibaba Group's shares tumbled 4.1% after a significant earnings slump, and Xiaomi's shares sank 6%. Crude oil prices remained a concern, with Brent oil above $100 a barrel, as investors assessed the potential economic impact of the US-Israel conflict. Other Asian markets showed mixed results, with South Korea's Kospi rising 1.1% and Australia’s S&P/ASX 200 losing 0.4%.

SCMP

SPDR O&G Ex & Prd

iShares US Oil & Gas Expl & Prod

SPDR Energy Select

ISHRS S&P Glb Engy

Us Brent Oil

iShares US Oil Equip & Svcs

HS HSI ETF-D1

Pro Ultr Bloomberg Crude Oil

F GX OIL

HS HSI ETF-R-D

VanEck Oil Refiners ETF

SPDR O&G Equip

KraneShares 2x Long BABA Daily ETF

VanEck Oil Services ETF

BABA 2x Long Daily ETF - GraniteShares

VG Energy

United States Oil Fund LP

Alibaba

Xiaomi Corporation

XIAOMI-W

BABA-W

Hong Kong stocks waver as oil swings on Middle East tensions

03037

Hong Kong February headline CPI +1.7% from year earlier

CSOP HSI ETF

Hong Kong February headline CPI +1.7% from year earlier

Hong Kong February underlying CPI +1.6% from year earlier

Hong Kong February underlying CPI +1.6% from year earlier

601869

On March 20th, Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index falling by 0.88% and the Hang Seng TECH Index dropping by 2.48%. Southbound funds had a net sell-off of over HKD 21 billion. Technology stocks fell broadly, with Xiaomi down over 8% and Alibaba down over 6%. Lithium battery stocks performed strongly, with CATL rising over 8%. New energy vehicle concept stocks rose, with GEELY AUTO up over 5%. Some photovoltaic solar concept stocks increased, with Xiehe New Energy rising over 3%. YOFC rose over 5% due to news from the 2026 Fiber Communication Conference

- On March 20, Hong Kong stocks closed lower, with the Hang Seng Index dropping by 0.88% and the Hang Seng Tech Index falling by 2.48%.  
- Significant outflows occurred, with over HKD 21 billion in net selling from southbound funds, while major tech stocks like Xiaomi and Alibaba saw declines exceeding 6%.  
- In contrast, lithium battery and new energy vehicle stocks rallied, with notable gains from Ningde Times and Geely Automotive as the 2026 Optical Fiber Communication Conference in Los Angeles drew attention to rising AI computing demands.

腾讯新闻 - 财经

YOFC

Hua Xia CSI New Energy Vehicles ETF

Huaan Hang Seng Technology ETF(QDII)

China Southern Hang Seng TECH ETF(QDII)

Penghua SSE STAR New Energy ETF

Hwabao WP CSI Intelligent Electric Vehicle ETF

China Southern CSI New Energy ETF

E Fund Hang Seng Technology ETF(QDII)

Hong Kong Stock Market Review: Hang Seng TECH Index fell over 2%, southbound funds net sold over HKD 21 billion

$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

ISHARESHSTECH

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

$XTALPI(02228.HK)$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 RC28101(63451.HK)

Hong Kong stocks ADR expect the Hang Seng Index to open 674 points lower on Monday, reporting at 24,602 points

The Hang Seng Index main futures closed down 2.08% in the overnight session, at 24,725 points. The Hang Seng TECH Index main futures closed down 2.14% in the overnight session, at 4,762 points

The total credit card transaction amount in Hong Kong in the fourth quarter of last year was HKD 311.6 billion, an increase of 14.8% year-on-year

China proposes stricter financial oversight in draft law

The financing amount of Hong Kong stocks' IPOs has exceeded 100 billion this year, and the "A+H" market continues to expand