HS#HSTECRC2609C

D&G TECH

SHANDONG MOLONG

CHK OIL

JX ENERGY

ADTIGER CORP

PETRO-KING

YUANHENG GAS

HKC INT'L RTS

MIE HOLDINGS

ZIBUYU

BILI

00HSI

00285

01211

STECH

09626

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

Hang Seng Index

BYD ELECTRONIC

BYD COMPANY

Hang Seng TECH Index

BILIBILI-W

02800

03032

Financial Secretary Paul Chan emphasized the deep integration of "AI+" and "Finance+" in the budget proposal, believing that artificial intelligence is a core technology for the future that can impact various industries. He pointed out that Hong Kong, as an international financial center, needs to incorporate cutting-edge AI technology into financial services to achieve mutual empowerment and positive interaction, creating new value and opportunities. The two main lines proposed in the budget aim to accelerate Hong Kong's economic transformation and promote high-quality development

AASTOCKS

TRACKER FUND

HSTECH ETF

Chan Mo-po: It is necessary to deeply integrate cutting-edge AI technology into services

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03088

513180

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03037

03115

03033

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

36Kr

Tianhong Hang Seng TECH ETF(QDII)

CAM HS TECH

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

ISHARESHSTECH

CSOP HSI ETF

Hang Seng TECH ETF I

ISHARESHSI

CSOP HS TECH

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

513130

02837

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

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

GX HS TECH

00857

00386

02899

00883

601899

601857

600028

PETROCHINA and CNOOC rose by over 5%, while Zijin Mining and Sinopec Corp. rose by over 2%. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk

PETROCHINA

SINOPEC CORP

ZIJIN MINING

CNOOC

Zijin Mining

Sinopec Corp.

The Hang Seng Index opened down 1.22%, and the Hang Seng TECH Index fell 1.78%

512880

Zhang Yidong, Chief Economist at Haitong International Securities, stated in The Paper that the global market will face complex changes in 2026, particularly due to the uncertainties brought by AI technology. He believes that the Hong Kong stock market is currently not suitable for aggressive buying and suggests focusing on the recovery of the Chinese economy, prioritizing investments in hard assets. Regarding A-shares, Zhang Yidong is optimistic about their trend, believing they will steadily rise in the future with reduced volatility

- In a recent interview, chief economist Zhang Yidong shared insights on stock markets in 2026, highlighting a shift in narratives from growth to value, amid rising concerns about AI's long-term uncertainties.  
- A-shares are expected to exhibit a stable upward trend driven by improving fundamentals, while U.S. markets may face structural challenges and weaker returns compared to emerging markets.  
- The Hong Kong market is viewed as a consumer sector facing temporary challenges but is anticipated to benefit from China's economic recovery, with earnings projected to grow by 12% to 15%.

Guotai CSI All Share Investment Banking & Brokerage ETF

ChinaAMC Hang Seng ETF

Hwabao WP CSI All Share Investment Banking & Brokerage ETF

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

GF Fund CSI HK Connect Financials(ex Banks) Thematic ETF

China Southern Hang Seng ETF

Yinhua CSI 300 Index Fund(LOF)-A

Harvest SZSE SME-ChiNext Composite 300 ETF

ISHARESHSI-U

E Fund CSI 300 Financials (ex Banks) ETF

ISHARESHSI-R

Zheshang CSI 300 Enhanced Index Fund(LOF)-A

Huatai-PB CSI 300 ETF

CHOHO

Yinhua CSI All Share Investment Banking & Brokerage ETF

Zhang Yidong: Hold on with Hengke for now, it's not the time to actively buy. First buy hard assets in Hong Kong stocks, then buy consumer goods

09088

83088

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

CAM HS TECH-U

CAM HS TECH-R

512760

SOXX

07552

The Hang Seng TECH Index fell 10% in February, marking the largest monthly decline since January 2024, with a cumulative drop of 23% since its peak in October last year. The main reasons include weak corporate earnings and insufficient buying from mainland investors, leading to a decline in market confidence. Investors are shifting their funds towards chip manufacturers and newly listed AI companies. Mainland investors sold stocks in Hong Kong, totaling HKD 11.4 billion, marking the largest capital outflow since the end of August. Baidu was one of the biggest decliners this month, down 19%

Guotai CES Semiconductor Chip Industry ETF

iShares Semiconductor ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Invesco Semiconductors ETF

BIDU-SW

XI2CSOPHSTECH

Guotai CSI Computer Theme ETF

XL2CSOPHSTECH

Tianhong CSI Computer Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

VanEck Semiconductor ETF

Baidu

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Direxion Semicon Bull 3X

The Hang Seng TECH Index fell by 10% in February, down 23% from its high in October last year

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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

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Hong Kong stocks are set for their worst monthly decline since October, with the Hang Seng Index down 3.2% amid concerns over AI's impact on traditional industries. The index rose 0.6% to 26,545.09 on Friday, while the Hang Seng Tech Index gained 0.9%. Sun Hung Kai Properties saw a 5.4% increase in shares after reporting a 36% profit rise. Global markets remain cautious, with Japan's Nikkei 225 down 0.7% and South Korea's Kospi down 2.1%.

南华早报

SHK PPT

Pro Ultrshrt Yen

Hong Kong stocks head for worst month since October on AI disruption angst

03423

The Hang Seng TECH Index rose by over 1%

CMS HS TECH

The Hang Seng TECH Index turned negative again during the session, after briefly rising by 0.9%

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01698

09868

The Hang Seng Index opened up 0.25%, and the Hang Seng TECH Index rose 0.15%. SenseTime increased by over 4%, Tencent Music rose by over 3%, and Trip.com, XPeng, and Li Auto all rose by over 1%

Tencent Music

SENSETIME-W

LI AUTO-W

TME-SW

XPENG-W

07200

07300

07500

Hong Kong's Financial Secretary Paul Chan announced a fiscal surplus of HK$2.9 billion for the 2025/2026 financial year, three years earlier than expected, due to an asset market boom and austerity measures. The economy is projected to grow by 2.5 to 3.5% in 2026, with improved sentiment reflected in rising home prices and increased IPO activity. However, this recovery comes with sacrifices, including cuts to education and social services, and the loss of 10,000 civil service jobs. The government plans to invest in AI and tech development to create new growth pillars.

Businesstimes News

FL2 CSOP HSI

FI CSOP HSI

FI2 CSOP HSI

Hong Kong’s Budget is back in the black – but not without sacrifice

$Hang Seng TECH Index(STECH.HK)Shameless! This Hang Seng Index

Wear new shoes, walk the old pathIt seems to have developed, turned around, and modernized, but once encountering pressure or real constraints, it reverts to the old ways—the practices from the beginning.【Securities Researcher: &#34;Information involving tax assessments for related high-tech companies&#34; only indicates stricter assessments, not a blanket ban】This afternoon, the Hang Seng Tech Index suddenly widened its losses, with the index falling more than 2.5% at one point. Alibaba, Tencent Holdings, JD.com, and Meituan all saw increased declines, and the corresponding call warrants plummeted across the board. At noon, a piece of information about &#34;tax assessments for related high-tech companies&#34; circulated among securities researchers, triggering market volatility. Although this rumor has not yet received official endorsement, the market has already begun pricing it in. However, the market's pricing of such events is often one-time, and the corresponding factors are also variable. If the situation reverses, it will inevitably trigger a major counterattack. A securities researcher said it is only stricter assessments, not a blanket ban.$BABA-W(09988.HK)$TENCENT(00700.HK)$XIAOMI-W(01810.HK)

BABA-W

TENCENT

JD-SW

MEITUAN

XIAOMI-W

BABA-WR

Alibaba

Tencent

Tencent Holdings Limited

TENCENT-R

JD.com

JD-SWR

Alibaba HK SDR 5to1

Tencent HK SDR 10to1

JD HK SDR 10to1

MEITUAN-WR

Meituan HK SDR 5to1

Meituan

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

XTALPI

CSOP A50 ETF-R

CSOP A50 ETF

GEELY AUTO

POP MART

Li Auto

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

POP MART HK SDR 20to1

$XTALPI(02228.HK) Cautiously optimistic, Hang Seng Tech shows signs of crashing again. Damn it, Hang Seng has a history of crashing after long holidays countless times. This 🐶 just can't be reliable in the long run.

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)

Strategy Report

Hello everyone, this is Dolphin Research! In last week's strategy report, Dolphin Research mentioned that after the tariff issue was settled, the market's focus would shift to Trump's second wave of tax cuts and industrial policies. &#34;But the fatal BUG here is that tax cuts and industrial stimulus essentially require fiscal backing.&#34; Will the upcoming short-term trading revolve around this &#34;BUG,&#34; thereby affecting the valuation expectations of the entire asset class? Let's take a detailed look: 1. Trump's &#34;Big, Beautiful Bill&#34; = &#34;Big Deficit&#34; Bill? This new bill, the &#34;Big, Beautiful Bill&#34;...

Invesco QQQ Trust

Krne Csi China Internet

Direxion 20+Yr Trsry Bull 3X

"Big and beautiful" = "big deficit", will US stocks be dragged down by US bonds again?

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)

SPDR S&P 500

Hong Kong stocks: have risen significantly, but valuations remain very low; the issue is that they have always been low. U.S. stocks: valuations are very high, which may contain risks.

Dow Jones Industrial Average

Hang Seng China Enterprises Index

NASDAQ Composite Index

Dehydrated Research Report | How to View Valuations of Hong Kong Stocks and US Stocks?

HS#HSTECRC2609C(64484.HK)

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%

Chan Mo-po: It is necessary to deeply integrate cutting-edge AI technology into services

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

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

The Hang Seng Index opened down 1.22%, and the Hang Seng TECH Index fell 1.78%