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CHK OIL

PETRO-KING

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YUANHENG GAS

XIMEI RESOURCES

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36Kr learned that the net inflow of southbound funds exceeded HKD 11 billion

36Kr

ISHARESHSI

CSOP HSI ETF

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TRACKER FUND

Hang Seng Index

FI2 CSOP HSI

Net inflow of southbound funds exceeds HKD 11 billion

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The Hong Kong Monetary Authority, the Shanghai Municipal Bureau of Data, and the National Blockchain Technology Innovation Center have signed a Memorandum of Understanding to enhance digital cooperation in freight trade and finance. This agreement aims to leverage Hong Kong's strengths to facilitate connectivity and support Shanghai's integration into the international data ecosystem. The parties will explore innovative applications of digital technology, including a cross-border platform for financial cooperation and the use of electronic bills of lading to enhance trade finance between the two cities.

CoinLive

CSI 300

SSE Index

The Hong Kong Monetary Authority, the Shanghai Municipal Bureau of Data, and the National Blockchain Technology Innovation Center signed a memorandum of understanding.

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

The net inflow of southbound funds reached HKD 3 billion

Hong Kong Forecasts Higher Arrivals in 2026

marketscreener

Hong Kong Forecasts Higher Arrivals in 2026

0HSCI

The Secretary for Financial Services and the Treasury, Christopher Hui, announced measures to optimize fund and family investment tools, including expanding the definition of funds and eligible investment types to attract more funds and family offices to settle in Hong Kong. A draft amendment is planned to be submitted to the Legislative Council in the first half of 2026, and if approved, the measures will take effect in the 2025/26 tax year. This move aims to enhance Hong Kong's asset and wealth management business, with a total value expected to exceed HKD 35 trillion by the end of 2024

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Hang Seng Composite Index

The Financial Services and the Treasury Bureau plans to introduce 6 optimization measures to expand the definition of funds and types of investments, aiming to attract more funds and family offices

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36Kr learned that the Hang Seng Index fell 1.59% during the midday break, and the Hang Seng TECH Index dropped 2.81%; the media, hardware equipment, and pharmaceutical biotechnology sectors led the decline, with TIANDA PHARMA down over 12%, DAMAI ENT down over 7%, and Lens Technology down over 6%; the energy, public utilities, and non-ferrous metals sectors strengthened, with SINOPEC SSC up 20%, Futian shares up over 5%, and CHIFENG GOLD up over 4%; southbound funds had a net purchase of HKD 1.443 billion

CSOP HS TECH

China Southern Hang Seng ETF

TIANDA PHARMA

DAMAI ENT

HSCEI ETF

GX HS TECH

Dacheng Hang Seng Technology ETF(QDII)

SINOPEC SSC

CHIFENG GOLD

ISHARESHSTECH

Tianhong Hang Seng TECH ETF(QDII)

HS CSI300-R

Hang Seng TECH ETF I

ChinaAMC Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

The Hang Seng Index fell 1.59% at midday, and the Hang Seng TECH Index dropped 2.81%

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Hong Kong's Financial Secretary, Paul Chan, announced that there will be no further withdrawals from the Exchange Fund in the next five years. This follows a previous proposal to withdraw HK$150 billion (US$19 billion), the first since 1984. The Exchange Fund is vital for maintaining the Hong Kong dollar's peg to the U.S. dollar, and Chan stressed that future withdrawals should not become routine, as the fund is essential for financial stability and investor confidence.

A CSOP HKD MM

Hong Kong Plans No Further Withdrawals from Exchange Fund in Next Five Years

The latest Hong Kong Interbank Offered Rate (HIBOR) data shows that the overnight rate is 2.10083%, a decrease of 45.108 basis points from the previous trading day; the one-week rate is 2.13595%, down 27.584 basis points; the one-month rate is 2.35518%, down 5.803 basis points; the three-month rate is 2.52887%, down 5.476 basis points; the six-month rate is 2.67851%, down 5.441 basis points; and the twelve-month rate is 2.78161%, down 5.94 basis points. The data is as of March 2, 2026, 11:15

AASTOCKS

Latest Hong Kong Interbank Offered Rate (HIBOR)

Fines and penalties contributed HK$2.1 billion (US$268.39 million) to Hong Kong's government revenue in 2025-26, exceeding forecasts by 26%. This income, accounting for 0.3% of total revenue, stemmed from court fines, traffic penalties, and forfeitures. The increase was attributed to higher fines and a surge in forfeiture cases, particularly following amendments to the Dutiable Commodities Ordinance. Looking ahead, the government anticipates further revenue growth from traffic-related penalties despite an expected overall decline in fine income for 2026-27.

南华早报

Fines, penalties and forfeitures pump HK$2.1 billion into government coffers

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Former President of the Hong Kong Monetary Authority, Norman Chan, proposed four major recommendations to promote the internationalization of the Renminbi during an interview, including "capital connectivity," dual-currency trading of Hong Kong stocks, establishing a "cross-currency trading" mechanism, and setting up a "Renminbi Internationalization Fund." He believes that these measures can not only facilitate the internationalization of the Renminbi but also strengthen Hong Kong's position as an international financial center. Chan emphasized that Hong Kong can still play an important role in the country's financial development

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Propose four major suggestions to promote the internationalization of the Renminbi. Ren Zhigang: Hong Kong can also explore new opportunities to consolidate its position as an international financial center

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The CICC report pointed out that Hong Kong stocks have performed poorly overall since February, with the Hang Seng TECH Index experiencing a significant decline, dragging down the performance of Hong Kong stocks. It is expected that the funding environment for Hong Kong stocks in 2026 will be difficult to exceed that of 2025 and may be worse than that of A-shares. Although the Federal Reserve may cut interest rates, the impact on Hong Kong stocks remains uncertain. The IPO and refinancing activities in Hong Kong are active, with an expected scale reaching 1.1 trillion yuan, far exceeding the funding needs of 2025

HSTECH ETF

GF CSI HK Innovative Drugs Industry ETF(QDII)

CICC in "Major Banks": This year's Hong Kong stock market funding environment is likely to be more challenging than in 2025 and is probably not as good as the A-share market

The United States and Israel have launched military actions against Iran. Financial Secretary Paul Chan stated that this will have a significant impact on the financial markets, and market fluctuations are inevitable. However, he believes that funds in Hong Kong can flow freely in and out, and with a stable exchange rate, Hong Kong can serve as a "safe haven." Paul Chan mentioned that Hong Kong must work hard to do its job well and assist good companies in coming to Hong Kong. Additionally, Saudi Arabia is increasingly interested in diversifying its asset allocation, which presents development opportunities for local consulting and construction companies

Chan Mo-po: Hong Kong's capital can flow in and out freely with a stable exchange rate, and can serve as a "safe harbor."

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The Hang Seng Index fell by 2.1%, and the Hang Seng TECH Index dropped by 2.4%. BYD ELECTRONIC, Bilibili, and others fell by more than 2%

Wallstreetcn

Bilibili

BYD ELECTRONIC

BYD COMPANY

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Hong Kong stocks are affected by the Middle East conflict, with increased volatility in the short term. After rebounding last week, the Hang Seng Index has once again fallen below multiple moving averages, showing a weakened overall performance. It is expected that Hong Kong stocks will open lower this morning, possibly retreating to the 26,300 level. Market risk aversion is high, and attention should be paid to the impact of the National People's Congress on economic policy. Multiple uncertainties may lead Hong Kong stocks to continue to search for support

Hong Kong stocks may provide buying opportunities as they adjust significantly with external factors｜Gu Tianhou

36Kr learned that the Hang Seng TECH Index fell 2% at the beginning of trading, and the Hang Seng Index dropped 1.35%

CAM HS TECH

The Hang Seng TECH Index fell 2% at the beginning of the session

$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

XI2CSOPHSTECH

XL2CSOPHSTECH

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)

CI#HSI RP2808O(65593.HK)

Net inflow of southbound funds exceeds HKD 11 billion

The Hong Kong Monetary Authority, the Shanghai Municipal Bureau of Data, and the National Blockchain Technology Innovation Center signed a memorandum of understanding.

The net inflow of southbound funds reached HKD 3 billion

Hong Kong Forecasts Higher Arrivals in 2026

The Financial Services and the Treasury Bureau plans to introduce 6 optimization measures to expand the definition of funds and types of investments, aiming to attract more funds and family offices