BP#HSI RP28039

SUPERLAND GROUP

OCT (ASIA)

GREAT WORLD

JIAODA WITHUB

CREATIVE CHINA

SMART CITY DEV

DAISHOMICROLINE

RIMBACO

SHENYANG PUBLIC

XUNCE

.DJI

.IXIC

00HSI

.SPX

513500

U.S. President Trump expressed uncertainty about an agreement with Iran, causing a drop in U.S. stock markets. However, negotiations showed progress with Iran receiving a ceasefire proposal. Trump postponed a bombing campaign, aiding the Hang Seng Index's recovery from a low of 24,712 points to 25,095 points, though it couldn't surpass the 250-day moving average. The Hong Kong market faced three 'Black Mondays' recently, impacting sentiment. CSPC Pharmaceutical and Innovent Biologics saw gains of 13.8% and 7.68%, respectively, while Ping An Insurance rose by 1.98%.

CoinLive

Dow Jones Industrial Average

NASDAQ Composite Index

Hang Seng Index

S&P 500

Bosera S&P 500 ETF

Middle East Tensions Impact U.S. and Hong Kong Markets

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07200

STECH

02800

03115

513600

Hang Seng Index futures closed down 0.89% overnight at 24630 points. Hang Seng TECH Index futures closed down 1.62% overnight at 4683 points

Wallstreetcn

CSOP HSI ETF

FL2 CSOP HSI

ISHARESHSTECH

XL2CSOPHSTECH

ChinaAMC Shanghai-Hong Kong Tong Hang Seng ETF

XI2CSOPHSTECH

Hang Seng TECH Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

E Fund Hang Seng ETF(QDII)

Penghua Hang Seng ETF

Tianhong Hang Seng TECH ETF(QDII)

TRACKER FUND

GX HS TECH

HSTECH ETF

CSOP HS TECH

CAM HS TECH

Hang Seng TECH ETF I

ISHARESHSI

ChinaAMC Hang Seng Technology ETF(QDII)

China Southern Hang Seng ETF

07300

07500

Hong Kong is set to implement tax reforms for the asset management industry, treating investment profits as performance-based income. The proposed legislation, to be reviewed by the Legislative Council, will encompass hedge funds, private equity, venture capital, private credit, and family offices, aiming to reduce their tax burden. This initiative aligns Hong Kong with global financial hubs like Dubai, reinforcing its status as a leading financial center.

FI CSOP HSI

FI2 CSOP HSI

Hong Kong Plans Tax Reform for Asset Management Industry

Asia-Pacific markets showed mixed results on Friday amid uncertainty over a potential peace deal in the Middle East. The Nikkei 225 fell by 0.4%, while the Hang Seng rose by 0.4%. U.S. President Trump extended the deadline for military action against Iran by 10 days to facilitate negotiations. Oil prices dropped as tensions eased, with West Texas Intermediate falling 1.8% to $92.82 per barrel. In China, the CSI 300 gained 0.6%, supported by a 15.2% rise in industrial profits. Other regional markets experienced slight fluctuations.

Baystreet

HS HSI ETF-D1

HS HSI ETF-R-D

ISHARESCSI300

CAM CSI300

CSOP NIKKEI225

Pro Ultrshrt Yen

Asia Mixed on Murky Peace Deal

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000300

399001

China cabinet meeting: to promote productive services industry to move to high-end value chain

marketscreener

SSE Index

CSI 300

Shenzhen Index

China cabinet meeting: to promote productive services industry to move to high-end value chain

The Hang Seng Index Company today (27th) launched the Hang Seng Hong Kong Stock Connect Low Volatility Select Index. This index reflects the performance of low volatility securities listed in Hong Kong that can be traded through the Stock Connect and meet established financial performance and return efficiency standards

AASTOCKS

Hang Seng Index Company launches Hang Seng Hong Kong Stock Connect Low Volatility Select Index

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03419

07288

HKEX and the Malaysia Exchange have signed a memorandum of cooperation aimed at enhancing collaboration between the two capital markets, including areas such as dual listings, ETFs, index and investment product development. The two parties launched a jointly named index - the HKEX-Malaysia Exchange Large Cap Index, which tracks the performance of the 60 largest companies by market capitalization, promoting cross-market investment opportunities. HKEX CEO Nicolas Aguzin stated that this move is an important strategy to strengthen connections with Asian markets and marks a new progress in regional connectivity

HKEX

A GX HSICC

FL2 CSOP HSCEI

The Hong Kong Stock Exchange and the Malaysia Exchange launch a joint-named index

DRAG

.HXC

MCHI

China commerce minister: hope EU will view China's development rationally and objectively, and properly handle frictions and differences

Roundhill China Dragons ETF

NASDAQ Golden Dragon China Index

Invesco Golden Dragon China

iShares MSCI China

China commerce minister: hope EU will view China's development rationally and objectively, and properly handle frictions and differences

The Hong Kong government plans to amend tax policies to exempt private equity and hedge fund managers from taxes on carried interest and performance fees, aiming to attract more asset management talent and enhance Hong Kong's competitiveness as a global financial center. This proposal is expected to be submitted to the Legislative Council in the first half of this year and is planned to be retroactive to 2025. Industry insiders believe that this move will disrupt industry rules and provide greater tax clarity. The current 0% tax rate only applies to private equity and the application process is complex. The proposal also suggests expanding the tax exemption scope to more asset classes

Stheadline

Hong Kong plans to exempt private equity hedge fund managers from performance fee taxes, industry: will disrupt the industry's rules of the game

According to the Hong Kong Property Report 2026 by the Rating and Valuation Department, the completion of private residential units in Hong Kong is expected to decrease by 8% in 2026, falling to 16,980 units, mainly from the New Territories. The transaction volume of private residential properties is expected to increase by 18% in 2025. In terms of private office buildings, the completion volume is expected to decrease by over 52% in 2026, estimated at 143,000 square meters, with the office market facing pressure and the vacancy rate rising to 17.6%

The Hong Kong Rating and Valuation Department estimates that the number of private residential completions will decrease by 8% year-on-year to 16,980 units this year

The latest Easy Property Price Index is reported at 117.24 points, an increase of 1.22% week-on-week, marking two consecutive weeks of growth. The best performance was in the New Territories West, with a weekly increase of nearly 2%. Overall, property prices have risen by 2.13% in the first quarter of this year, but are still below the historical high of 19.57% in August 2021. The latest rental index is reported at 117.4 points, an increase of 0.14% week-on-week, with overall rents currently up by 1.18%. The market expects that the rental increase will slightly slow down in the short term, with a long-term forecast of a rental increase between 2% and 4% for the entire year of 2026

The "Hong Kong Property" Easy Property Price Index rose by 1.22% week-on-week, marking two consecutive weeks of increase

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Ganfeng Lithium rose about 9%, Hengrui Pharma rose about 8%, TIANQI LITHIUM rose about 6%, PONY-W fell about 14%, MIXUE GROUP fell about 5%, and KNOWLEDGE ATLAS fell about 2%

PONY-W

TIANQI LITHIUM

Ganfeng Lithium

HENGRUI PHARMA

MIXUE GROUP

GANFENGLITHIUM

KNOWLEDGE ATLAS

Hang Seng Index closes up 0.38%, Hang Seng TECH Index up 0.35%

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The Hang Seng Index closed at 24,951 points, up 95 points or 0.4%. The Hang Seng Tech Index reported 4,778 points, up 16 points or 0.3%. The total market turnover was HKD 263.081 billion. Among the actively traded heavyweights, Ping An rose by 2%, Xiaomi rose by 1.7%, and Meituan fell by 0.9%. CSPC Pharma rose over 13%, XUNCE hit a new high, and trading was active

HUISHANG BANK

MEITUAN

CSPC PHARMA

According to the "All-Day Express," the Hang Seng Index closed at 24,951 points, up 95 points; the Hang Seng Tech Index closed at 4,778 points, up 16 points. CSPC Pharma rose over 13%, XUNCE, Ganfeng Lithium, Weisheng Holdings, Qingsong Health, and HUISHANG BANK reached new highs with active trading

John Lee: Hong Kong and Singapore will seek closer cooperation in the future

FTSE Straits Times Index

$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

GEELY AUTO

POP MART

BABA-W

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

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)

XIAOMI-WR

XIAOMI-W

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)

BP#HSI RP28039(64925.HK)

BP#HSI RP28039 Stock Performance Chart

Middle East Tensions Impact U.S. and Hong Kong Markets

Hang Seng Index futures closed down 0.89% overnight at 24630 points. Hang Seng TECH Index futures closed down 1.62% overnight at 4683 points

Hong Kong Plans Tax Reform for Asset Management Industry

Asia Mixed on Murky Peace Deal

China cabinet meeting: to promote productive services industry to move to high-end value chain