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UNI HEALTH

QUANTGROUP

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XUNCE

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ILUVATAR COREX

HP LIVING TECH

NANFANG COMM

ZHAOWEI

00HSI

Hong Kong SME Sentiment Improves in February but Remains in Contraction

marketscreener

Hang Seng Index

Hong Kong SME Sentiment Improves in February but Remains in Contraction

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China and Hong Kong stocks rebounded on March 10, with the CSI300 Index rising 1.1% and the Hang Seng Index up 1.6%, as optimism grew over a potential resolution to the Middle East conflict following comments from U.S. President Trump. Despite a general rise in risk sentiment, energy shares lagged, with onshore energy falling 3.6%. Analysts believe the Iran conflict will not impact the global economy as severely as previous crises, such as the Ukraine war.

Reuters

FI CSOP HSI

China Southern Hang Seng ETF

HS CSI300-R

FI2 CSOP HSI

ISHARESCSI300

ISHARESHSI-U

ChinaAMC CSI 300 ETF

CSOP HSI ETF

ISHARESHSI

CAM CSI300

CSI 300

CSOP CSI300

FL2 CSOP HSI

TRACKER FUND

CAM CSI300-R

China, Hong Kong shares rebound on hopes Middle East conflict eases

According to data released by the Census and Statistics Department, the current business performance index for small and medium-sized enterprises (SMEs) rose from 43.4 in January to 45.3 in February 2023, while the outlook index for the next month stands at 47.6. The current performance index has increased across all industries, particularly in retail, food and beverage, and import-export trade. The government stated that the business atmosphere for SMEs has improved, with both the current and outlook indices reaching their highest levels in nearly two years, and future economic expansion will support the local business environment

AASTOCKS

The Hong Kong SME Business Revenue Trend Index rose to 45.3 in mid-February on a monthly basis

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Hong Kong stocks rose as U.S. President Trump stated that the war with Iran is nearing its end, with the Hang Seng Index up 551 points, closing at 25,959 points, the National Index up 128 points, and the Hang Seng TECH Index up 118 points. Tencent's stock price rose 7.3% to HKD 553.5, and MiniMax's stock price increased by 22.4%. The total market turnover reached HKD 330.929 billion, with technology stocks generally rising, and INSILICO up 10.8%

INSILICO

Tencent

Hang Seng TECH Index

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CSOP HS TECH

Hang Seng China Enterprises Index

HSCEI ETF

Tencent Holdings Limited

"Hong Kong Stocks" The Hang Seng Index closed up 551 points, Tencent rose over 7%, MiniMax surged 22%

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The Hang Seng Index closed up 2.17%, and the Hang Seng Tech Index rose 2.40%. AIGC concept stocks performed strongly, with MINIMAX rising over 22% and YOFC increasing over 24%. Other companies with significant gains include KNOWLEDGE ATLAS, Cambridge Technology, and Kangfang Biotech, all rising over 11%. In contrast, Shandong Molong, Sinopec Oilfield Service, and Kingsoft Cloud experienced declines, falling over 13%, 10%, and 4%, respectively

Wallstreetcn

YOFC

KNOWLEDGE ATLAS

The Hang Seng Index closed up 2.17%, with the AIGC concept leading the gains, and Tencent Holdings Limited rising over 7%

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The Hang Seng Index closed at 25,959 points, up 551 points or 2.2%. The Hang Seng TECH Index reported 5,060 points, up 118 points or 2.4%. The total market turnover was HKD 330.929 billion. Tencent rose 7.3% to HKD 553.5, Alibaba rose 3.7% to HKD 133.5. Contemporary Amperex Technology Co., Ltd. rose 9.3%, and SMIC rose 5.5%. Quantitative Strategies rose 34.3%, and XunCe rose 32.9%, reaching a new high

BABA-W

Hwabao CSI HK Equities Internet ETF

According to the All-Day Express, the Hang Seng Index rose by 551 points; the Hang Seng TECH Index rose by 118 points. Tencent rose over 7%, Alibaba rose over 3%. XunCe, HaiXi New Drug, ZhongHui Bio-B, JiaXin International Resources, and LingBao Gold (100) reached new highs with active trading

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A Singapore-rooted property family has put a rare residential estate in Hong Kong’s Southern district up for tender at approximately HK$300 million (US$38.4 million). The tender for Belvedere, a low-density compound in Chung Hom Kok, will close on April 28. The estate, held by Remadour Estate since 1993, includes five two-storey houses on a 21,170 sq ft seafront site. The sale reflects a growing interest in luxury homes in Hong Kong, with prices showing early signs of recovery despite remaining below 2021 peaks.

SCMP

HANG SENG BANK

Singapore property clan puts rare Hong Kong estate up for US$38.4 million tender

The net selling amount of southbound funds reached HKD 15 billion

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Net southbound capital outflow exceeded HKD 10 billion

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HSBC's research report points out that the long-term capital inflow prospects for southbound trading stocks are optimistic, despite significant short-term volatility. The bank is optimistic about Hong Kong Exchanges and Clearing and BOC HONG KONG, believing that HKEX will benefit from increased market activity, while BOC HONG KONG is suitable for long-term income-oriented investors. In contrast, AIA's growth expectations remain high, but the bank prefers bank stocks, especially large state-owned banks such as ICBC and CCB

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Hong Kong Exchanges and Clearing (HKEX)

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Fullgoal CSI 800 Banks ETF

ChinaAMC CSI Banks ETF

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

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Hwabao WP CSI All Share Investment Banking & Brokerage ETF

China Southern CSI Banks ETF

Guotai CSI All Share Investment Banking & Brokerage ETF

China Merchants CSI BANK AH Price ETF

Huaan CSI Banks ETF

Hwabao WP CSI Banks ETF

HSBC Research expresses confidence in long-term capital inflows into southbound stocks, optimistic about HKEX and BOC HONG KONG

$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

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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

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)

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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)

HU#HSI RP2803X(69481.HK)

Hong Kong SME Sentiment Improves in February but Remains in Contraction

China, Hong Kong shares rebound on hopes Middle East conflict eases

The Hong Kong SME Business Revenue Trend Index rose to 45.3 in mid-February on a monthly basis

"Hong Kong Stocks" The Hang Seng Index closed up 551 points, Tencent rose over 7%, MiniMax surged 22%

The Hang Seng Index closed up 2.17%, with the AIGC concept leading the gains, and Tencent Holdings Limited rising over 7%