BI#HSI RP2803T

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STARCOIN GROUP

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ROYAL DELUXE

STELUX HOLDINGS

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ASIAPAC FIN INV

WELIFE TECH

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Zhang Yidong pointed out in his latest sharing that the diversion of capital from Japan, South Korea, and Taiwan to Hong Kong stocks has reached its later stage. The AI wave is still ongoing, but attention should be paid to key links in the industrial chain. He believes that the Chinese economy has bottomed out, and foreign capital will flow back in the second quarter or the second half of the year, driving up A-shares and Hong Kong stocks. The Hong Kong stock market has not entered a bear market; rather, it is influenced by the "Korean Wave," which may ease in the short term. The renminbi is experiencing short-term fluctuations, but it still has appreciation potential in the medium to long term. Major stocks like Tencent and Alibaba have entered a stage of exhaustion in short-selling momentum

Zhitong

Global X Cloud Computing ETF

CSOP HS TECH

ChinaAMC Hang Seng ETF

TRACKER FUND

FL2 CSOP HSI

China Southern Hang Seng ETF

FI2 CSOP HSI

Hwabao CSI HK Equities Internet ETF

Comm Servcies Select Sector SPDR

E Fund CSI HK Connect Internet ETF

iShares Expanded Tech Software Sector ETF

BABA 2x Long Daily ETF - GraniteShares

SPDR S&P Software

FI CSOP HSI

KraneShares 2x Long BABA Daily ETF

Hang Seng Index

Alibaba

Tencent

BABA-W

TENCENT

Tencent Holdings Limited

Zhang Yidong's latest sharing: The impact of "Korean Wave" on Hong Kong stocks has reached the later stage, the AI wave has not ended but internal differentiation has intensified

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The Hang Seng Index main futures closed down 0.54% in the overnight session, at 26,465 points. The Hang Seng TECH Index main futures closed down 0.68% in the overnight session, at 5,106 points

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Hang Seng TECH Index

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CAM HS TECH-U

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Hong Kong plans to offer nine residential sites to developers in the 2026-27 land sale program, aiming to provide approximately 6,650 flats. This initiative follows a stabilization in the property market, with potential new flat supply reaching an eight-year high of about 22,580. Key locations include Stanley, Hung Shui Kiu, and Tung Chung, with a significant focus on the Northern Metropolis megaproject, which aims to transform land into a housing and economic hub. The government anticipates generating HK$18 billion in land premiums for the upcoming financial year.

南华早报

Hong Kong to offer 9 residential sites to developers in 2026-27 land sale plan

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This week, discussions have centered around the perceived unfairness of the graduate tax and the stock market's transition from a YOLO (You Only Live Once) to a HALO (High Asset, Low Opportunity) mindset. Bloomberg posted on X, highlighting the continued attractiveness of Asian stocks in this evolving market landscape. The focus remains on understanding these shifts and their implications for investors.

CoinLive

ISHARESHSI

Hang Seng China Enterprises Index

CSOP NIKKEI225

CSOP HSI ETF

Asian Stocks Maintain Appeal Amid Market Shifts

Hong Kong's exports surged by 33.8% in January 2026, reaching HK$520.6 billion, driven by a rebound from last year's low base amid easing US-China trade war fears. Imports also rose by 38.1% to HK$534.7 billion. A government spokesman noted that while the low base contributed to the rise, underlying growth remains strong. The trade deficit was HK$14.1 billion. Future trade performance is expected to benefit from global economic expansion and demand for AI-related products.

- Concerns over the U.S.-China trade war have eased, leading to a 33.8% year-on-year increase in Hong Kong's exports in January 2026, totaling HK$ 520.6 billion (US$ 66.6 billion).  
- The surge in exports is attributed to improved market conditions and strong demand for AI-related electronic products, despite last year's low base due to the Chinese New Year.  
- A trade deficit of HK$ 14.1 billion was recorded in January, representing 2.6% of total imports, with expectations for continued growth bolstered by global economic expansion and new market relations.

Hong Kong exports surge 33.8% in January thanks to rebound from 2025’s low base

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The Hang Seng Index rebounded today, closing at 26,630 points, up 249 points or 0.95%. Northbound capital net inflow was HKD 14.997 billion, while southbound funds saw a net outflow of HKD 576 million this week. The market is digesting corporate quarterly results and awaiting U.S. economic data, with total turnover reaching HKD 288.42 billion. After the adjustment of the MSCI China Index constituents, HESAI and SenseTime's stock prices rose by 4.4% and 4.9%, respectively

AASTOCKS

SHK PPT

HESAI-W

Market Review: Hang Seng Index rebounds, northbound capital flows in nearly HKD 15 billion, New World Development rises over 7%

Hong Kong Stocks End the Week Higher; Four Firms File for Hong Kong IPOs

marketscreener

Hong Kong Stocks End the Week Higher; Four Firms File for Hong Kong IPOs

In January, the overall export value of Hong Kong increased by 33.8% year-on-year, exceeding market expectations of 23.8%. The import value also rose by 38.1%. The total export value was HKD 520.6 billion, while the import value was HKD 534.7 billion, resulting in a trade deficit of HKD 14.1 billion. The export value to Asia increased by 37.3%, with major destinations including Taiwan, Malaysia, and mainland China. On the import side, the value from Vietnam and India saw significant growth

The overall export value of Hong Kong in January increased by 33.8% year-on-year, exceeding expectations

Hong Kong's finance chief, Paul Chan, expressed confidence in the city's ability to manage debt from proposed bond issuances aimed at developing the Northern Metropolis. He raised the borrowing cap from HK$700 billion to HK$900 billion, emphasizing that funds would be used solely for infrastructure, not operational costs. Despite concerns from a university student about future repayment risks, Chan assured that the debt-to-GDP ratio remains safe and that economic growth will support debt servicing. He also addressed geopolitical uncertainties and funding cuts in education, proposing tax reductions to support families.

Paul Chan confident Hong Kong can handle debt of bond-driven growth

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The latest report of the Easy Property Price Index is 116.08 points, up 0.39% week-on-week, marking four consecutive weeks of increase, with a cumulative rise of 1.12%. The rental index is reported at 116.91 points, up 0.54% week-on-week, ending a two-week decline. Property prices in urban areas are rising, while there is a slight decline in the New Territories. It is expected that the gap between short-term property prices and historical highs will further narrow, with overall trading remaining stable. New project plans will be launched after the holiday, and the rental trend continues to improve

Hang Seng Composite Index

Hang Seng Composite LargeCap

The "Hong Kong Property" Easy Property Price Index rose 0.39% week-on-week, increasing for four consecutive weeks, while the rental index rose 0.54%

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The Hang Seng Index closed up 0.95%, and the Hang Seng TECH Index rose 0.56%. JunDa Co., Ltd. had the largest increase, reaching 23.45%; Kingsoft Cloud and Jinli Permanent Magnet rose by 7.69% and 6.7%, respectively. CHINA COAL, Sun Hung Kai Properties, and HPI also saw significant increases. In contrast, Zhaoyi Innovation fell by 7.19%, while MINIMAX and Sanhua Intelligent Control dropped by 2.22% and 2.65%, respectively

CHINA COAL

HUANENG POWER

KINGSOFT CLOUD

The Hang Seng Index closed up 0.95%, with varying degrees of rebound in the energy, resources, AI, and innovative pharmaceuticals sectors

$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

CSOP A50 ETF

XI2CSOPHSTECH

HSTECH ETF

XL2CSOPHSTECH

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-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)

BI#HSI RP2803T(59170.HK)

Zhang Yidong's latest sharing: The impact of "Korean Wave" on Hong Kong stocks has reached the later stage, the AI wave has not ended but internal differentiation has intensified

The Hang Seng Index main futures closed down 0.54% in the overnight session, at 26,465 points. The Hang Seng TECH Index main futures closed down 0.68% in the overnight session, at 5,106 points

Hong Kong to offer 9 residential sites to developers in 2026-27 land sale plan

Asian Stocks Maintain Appeal Amid Market Shifts

Hong Kong exports surge 33.8% in January thanks to rebound from 2025’s low base