JP#HSI RC2811V

HSI Futures Open 1.03% Lower at 25,389.93

S&P Global: Hong Kong PMI Rises to 53.3 in February

Hong Kong Futures Soft, March Index Futures Close at 25214 Down 1.72%

HSF Futures Night Session Closed 0.87% Higher at 26,112.20

Financial Secretary Paul Chan Pushes for Continuous Market Reform in Hong Kong

HSF Futures Open 1.40% Lower at 26,236.68

HSI Futures Evening Session Closes Down 0.54% at 26,465

CITIC Securities Hang Seng Index Bull and Bear Warrant Street Position Ratio and Changes

Hong Kong Interbank Offered Rates (HIBOR) Across the Board Slightly Up

Hang Seng Index Night Futures Close Up 181 Points

HSI Futures Night Session Closes Up 0.65% at 26,923

Hong Kong Stock Market Stamp Duty Boosts Government Revenue, 2026 Budget Forecast Shows Little Increase

Government Announces Budget Forecasting Surplus from 2026/27 Fiscal Year Onwards

Hong Kong Increases Stamp Duty on Residential Properties Over HKD 100 Million

Financial Secretary Paul Chan's Budget Speech Predicts HK Economic Growth

Hang Seng Index Futures Closed on February 25th

HSI Futures, HKC Futures, and H shares Index Futures Open Lower than Spot Prices

LJ Group Analyzes Hong Kong Private Housing Construction and Completion

HANG SENG Index Bull and Bear Warrant Ratio and Quantity Updates

Hang Seng Index Futures Night Session Down 0.75%

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China NPC spokesperson, on trade surplus: China to expand cooperation space for two-way investment

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China NPC spokesperson, on trade surplus: China to expand cooperation space for two-way investment

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China NPC spokesperson: central government to roll out more policy measures to support Hong Kong's development

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Hang Seng Composite Index

China NPC spokesperson: central government to roll out more policy measures to support Hong Kong's development

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China and Hong Kong stocks fell on Wednesday due to escalating Middle East tensions, with the blue-chip CSI300 Index down 1.6% and the Shanghai Composite Index down 1.4%. The Hang Seng Index dropped 2.8% to a six-month low, led by declines in oil and maritime shipping stocks. Analysts caution against rushing to invest amid geopolitical uncertainty, while attention turns to the National People's Congress for potential policy signals. Expectations include a slight reduction in the GDP growth target and increased special bond financing.

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China Southern Hang Seng ETF

China, HK stocks fall on Middle East worries; focus on NPC for policy cues

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BEIJING, March 4 (Reuters) - China will increase its output of high-quality consumer goods and foster new growth points for services consumption in efforts to boost domestic demand to prop up economic growth this year.Consumption is the main driver for the country’s economy, having contributed 52% to the nation’s economic growth last year, the National People’s Congress spokesman Lou Qinjian told reporters on Wednesday.

- China plans to increase the production of high-quality consumer goods and foster new growth points in service consumption to enhance domestic demand and support economic growth this year.  
- Consumption is a major driving force of the national economy, contributing 52% to economic growth last year.  
- This information was shared by Lou Qinjian, spokesperson for the National People's Congress, during a press briefing.

Reuters

Yinhua CSI 300 Index Fund(LOF)-A

SWS MU Shenzhen Composition Index Fund-A

Essence Csi Shenzhen Technology Innovation Theme Index Fund(Lof)-A

Conglomerates Index

China Universal CSI 300 Index Initiating Fund(LOF)-C

Zheshang CSI 300 Enhanced Index Fund(LOF)-A

CNI Shenzhen Enterprises Composite

China targets ways to boost domestic demand for economic growth

China NPC spokesperson: China to defend own sovereignty, development interests, security

China NPC spokesperson: China to defend own sovereignty, development interests, security

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The Hong Kong stock market fell in the morning session, with the Hang Seng Index down 717 points or 2.8%, reporting at 25,051 points, and the National Index down 206 points or 2.4%, reporting at 8,401 points. Financial stocks led the decline, with AIA dropping over 5% and HSBC down 3.7%. Domestic insurance and domestic bank stocks generally fell, while commodity stocks and oil service stocks also saw significant declines. The total turnover of the market for the half-day was HKD 207.6 billion

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China Southern HSCEI ETF

"Hong Kong Stocks" The Hang Seng Index fell 717 points in the half-day, with financial stocks leading the decline, AIA dropped over 5%

China's Service Sector Expands in February

China's Service Sector Expands in February

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The Hang Seng Index closed at 25,051 points, down 717 points or 2.8%. The Hang Seng TECH Index reported 4,781 points, down 95 points or 2.0%. The China Enterprises Index fell 206 points or 2.4%, closing at 8,401 points. Ping An dropped 4.6%, and Alibaba fell 4.2%. Other heavyweight stocks such as HKEX and Tencent also experienced varying degrees of decline

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BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

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The Half-Day Express reports that the Hang Seng Index fell by 717 points; the Hang Seng TECH Index dropped by 95 points, Ping An fell by over 4%, and Alibaba fell by over 4%

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As of noon, the three major indices of the Hong Kong stock market weakened, with the Hang Seng Index down 2.78% at 25,051.33 points, the Hang Seng Tech Index down 1.96% at 4,780.91 points, and the National Enterprises Index down 2.40% at 8,401.99 points. There is a clear divergence among sectors: the internet content and information sector declined due to the weakness of Chinese concept stocks, with Tencent down 1.57%, Kuaishou down 2.32%, and Baidu down 2.73%; the semiconductor manufacturers sector showed divergence, with Zhaoyi Innovation up 4.91%, while SMIC down 2.00% and Hua Hong Semiconductor down 1.82%; the telecommunications services defensive sector fell slightly. The market is focused on the impact of the Federal Reserve's interest rate cut expectations on HIBOR and the Hong Kong dollar, as well as the potential effects of recent PMI, retail and export performance, southbound capital, earnings season, real estate policies, and transaction factors on risk appetite and sector rotation

- As of noon, Hong Kong's three major indices declined, with the Hang Seng Index falling 2.78% to 25,051.33 points, and the Hang Seng Technology Index dropping 1.96% to 4,780.91 points.  
- The market is influenced by factors such as expectations of a U.S. Federal Reserve interest rate cut and the performance of recent PMI, retail, and export data.  
- Notably, leading tech stocks like Tencent and Alibaba showed significant declines, while some semiconductor stocks, like Zhaoyi Innovation, demonstrated strength amidst overall market volatility.

Market Heartbeat

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Hong Kong Stock Market Midday Review | Hang Seng Index down 2.78%, Hang Seng Tech down 1.96%, Zhaoyi Innovation up 4.91%

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36Kr learned that the Hong Kong Hang Seng Index fell over 3%, and the Hang Seng TECH Index dropped 2.5%. China Life fell nearly 7%, WUXI BIO and ZIJIN MINING dropped over 5%

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Hang Seng Index falls over 3%

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The Hong Kong dollar exchange rate was slightly weak this morning (4th), with a high and low of 7.8015/7.8135, and the current spot price is 7.8127. The bank system surplus is expected to be HKD 53.838 billion this Friday (6th)

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"Capital" spot US dollar new report 7.8127

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Latest Hong Kong Interbank Offered Rate (HIBOR)

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Latest Hong Kong Interbank Offered Rate (HIBOR)

The Hong Kong dollar 3-month interbank offered rate rose by 10.6 basis points, marking the largest increase since January 6

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Hong Kong's Hang Seng Index down 2.7% to lowest since September 4, 2025

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Hong Kong's Hang Seng Index down 2.7% to lowest since September 4, 2025

$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!

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Hang Seng TECH ETF I

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Tencent HK SDR 10to1

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Tencent Holdings Limited

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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)

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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)

JP#HSI RC2811V(64279.HK)

China NPC spokesperson, on trade surplus: China to expand cooperation space for two-way investment

China NPC spokesperson: central government to roll out more policy measures to support Hong Kong's development

China, HK stocks fall on Middle East worries; focus on NPC for policy cues

China targets ways to boost domestic demand for economic growth

China NPC spokesperson: China to defend own sovereignty, development interests, security