BP#HSI RP2904S

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

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The Hang Seng Index rose 3.99% this month, gaining 988.39 points to reach 25776.53, marking its largest monthly gain since January 2026 and ending a two-month losing streak. However, it fell 1.28% today, down 335.31 points, and has declined in five of the last seven trading days. The index is currently 22.25% below its record close from January 2018 and 7.84% off its 52-week high from January 2026, but is up 16.53% from its 52-week low in April 2025. Year-to-date, it has increased by 0.57%.

MorningStar

Hang Seng Index

FL2 CSOP HSI

CSOP HSI ETF

ISHARESHSI

TRACKER FUND

FI CSOP HSI

FI2 CSOP HSI

Hang Seng Index Rises 3.99% This Month to 25776.53 — Data Talk

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The Hong Kong Government reported a provisional surplus of HKD11.2 billion for FY2025-26, with total expenditure at HKD790.3 billion and revenue at HKD697.5 billion. This surplus is HKD8.3 billion higher than the revised budget surplus of HKD2.9 billion, attributed to increased revenue from profits tax, stamp duty, and land premium income. Fiscal reserves reached HKD665.5 billion as of March 31.

- The government announced the provisional financial results for the fiscal year 2025-26, reporting total expenditure of 790.3 billion HKD and revenue of 697.5 billion HKD.  
- A surplus of 11.2 billion HKD was recorded after considering 156 billion HKD raised from government bonds and 52 billion HKD in bond principal repayment.  
- Compared to the original budget, expenditure decreased by 3.9%, while revenue increased by 5.8%, resulting in a consolidated surplus significantly above the revised budget forecast.

AASTOCKS News

ChinaAMC Hang Seng ETF

China Southern Hang Seng ETF

Hong Kong Government Records HKD11.2 Billion Surplus in FY2025-26

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Hong Kong's stock market closed lower, with the Hang Seng Index falling by 1.28% and the Hang Seng Tech Index by 0.79%. Despite volatility, chip stocks rose, and the commercial aerospace sector gained in the afternoon. Sectors like power equipment, home appliances, and oil showed strength, while battery manufacturers, new energy vehicle companies, PCB producers, and non-ferrous metals faced significant declines.

CoinLive

Hang Seng TECH Index

Guotai CSI Semiconductor Material Equipment Theme ETF

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Tianhong Hang Seng TECH ETF(QDII)

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ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Hong Kong Stocks Close Lower as Hang Seng Index Falls 1.28%

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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%.

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CHINA LIFE

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

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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

SSE Index

Shenzhen Index

CSI 300

CSOP A50 ETF

Fortune SG SSE 180 Value 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

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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

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

HS HSI ETF-R-D

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

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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.

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China Merchants Bank

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BABA 2x Long Daily ETF - GraniteShares

Ping An CSI Animal Husbandry ETF

KraneShares 2x Long BABA Daily ETF

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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.

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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.

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Hong Kong Stock Market May Take Further Damage On Wednesday

$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

XI2CSOPHSTECH

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CAM HS TECH

Hang Seng TECH ETF I

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Tencent HK SDR 10to1

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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

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)

BP#HSI RP2904S(65743.HK)

Hang Seng Index Rises 3.99% This Month to 25776.53 — Data Talk

Hong Kong Government Records HKD11.2 Billion Surplus in FY2025-26

Hong Kong Stocks Close Lower as Hang Seng Index Falls 1.28%

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

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