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Hong Kong stock morning report | The total amount of stock buybacks in Hong Kong this year has surpassed 50 billion Hong Kong dollars, while spot Gold has reached a new high, breaking through 3,300 US dollars.
① The total amount of stock repurchases this year has exceeded 50 billion Hong Kong dollars. ② Spot Gold has reached a new high, breaking through 3,300 US dollars. ③ Kingsoft Cloud plans to issue additional ADS to expand investment. ④ Giant Biological intends to finance approximately 2.3 billion Hong Kong dollars through discounted private placement.
As the market warms up, Chinese concept stocks are facing a dual choice, and the Hong Kong market may return to being the center of IPOs.
① In the changing landscape of Global trade, Hong Kong, as an international financial center, will welcome a new development scenario, implementing various measures to strengthen its unique market position as a "super connector"; ② Foreign Analysts point out that the delisting risk faced by Chinese concept stocks may lead Hong Kong to become an IPO center once again; ③ It is worth noting that, under the delisting risk for Chinese concept stocks, a choice will be made between returning to the A-share or Hong Kong stock market.
Hong Kong Stock Morning Report | The first batch of Hong Kong stock Funds' quarterly reports reveal heavy holdings in Tencent, Xiaomi, and BYD has launched a 4.1 billion yuan employee stock ownership plan.
① Emphasize promoting Consumer spending and expanding domestic demand with greater efforts. ② The first batch of Hong Kong stock Fund quarterly reports are released, with Institutions heavily investing in Tencent, Xiaomi, and Alibaba. ③ BYD launches an employee stock ownership plan for 2025, totaling 4.1 billion yuan. ④ The Ministry of Finance will issue 12.5 billion yuan in Chinese government bonds in Hong Kong.
Hong Kong stocks close | Under the shadow of tariffs, major indices performed unevenly. ZHOU HEI YA surged nearly 8%, leading the Consumer stocks to break through.
① How did Trump's tariff policy lead to a divergence in the Hong Kong stock market? ② Why does HTSC still recommend allocating to Hong Kong stock dividend direction despite tariff disruptions?
Where can Hong Kong stocks avoid risks under the impact of tariffs? HTSC emphasizes focusing on three major "policy immunity" main lines.
① Is the rise in the short-selling Trade ratio to 15.1%, a "crowded level," a risk or an opportunity? ② HTSC points out whether the three major allocation directions (Consumer, hard Technology, dividends) can cope with tariff disturbances?
Goldman Sachs: Self-reliance is the best defense! A-shares will continue to outperform Hong Kong stocks.
Goldman Sachs continues to hold the view that A-shares outperform those listed in Hong Kong, with bullish thematic investment directions including stocks that benefit from domestic stimulus policies and "returning" American Depository Receipts (ADR).