Hong Kong Stock Early Report | The People's Bank of China plans to further diversify the types of "swap connect" products. NetEase's net income in the first quarter increased by over 30% year-on-year.
① The Central Bank of China: Plans to further enrich the types of "swap connection" products. ② The People's Bank of China and four other departments: Comprehensive support for Technology innovation, with strong investments in early-stage, small-scale, long-term, and hard Technology. ③ The General Office of the Central Committee and the General Office of the State Council: Strengthening the construction and renovation of urban infrastructure, promoting the construction of new urban infrastructure. ④ Powell previews adjustments to the MMF policy framework, warning that future inflation volatility may remain high.
Hong Kong Stock Morning Report | China increased its social financing by 16.34 trillion in the first four months, and Tencent's revenue in the first quarter increased by over 13% year-on-year.
① From January to April, China's social financing scale increased by 16.34 trillion yuan, which is 3.61 trillion yuan more than the same period last year. ② The USA has adjusted tariffs on China. ③ Multiple departments jointly issued 'Policies and Measures to Accelerate the Construction of the Technology Finance System to Strongly Support High-Level Technological Self-Reliance and Strength.' ④ Alibaba has open-sourced the video generation and editing model Wan2.1-VACE.
The State Administration of Taxation: In April, the national sales revenue of enterprises increased by 4.3% year-on-year.
According to the latest value-added tax invoice data from the State Administration of Taxation, in April, the growth rate of national enterprise sales revenue accelerated, with a year-on-year increase of 4.3%, continuing the steady growth trend since the fourth quarter of last year.
Hong Kong Stock Morning Report | China lowers tariffs on the U.S. to 10%, five departments interview food delivery platform companies.
①China stated that the additional tariffs imposed by the U.S. have been adjusted from 34% to 10%. ②Five departments have held talks with food delivery platform companies. ③The Semiconductor and Integrated Circuits Industry Investment Fund in Shenzhen has been established, with a scale of 5 billion yuan. ④Trump is prepared to tear up Biden's export red lines, and the UAE is expected to be allowed to purchase one million NVIDIA chips.
Monthly Inflation Ticked Up in Early Hints of Tariff Effects -- 6th Update
Inflation Slows to 2.3%; Stocks Mostly Rise -- WSJ
The results greatly exceeded expectations! Multiple public funds are Bullish on the China-U.S. economic and trade talks, and the latest analysis of stocks and bonds has arrived.
① Both domestic and foreign public offerings unanimously stated that the China-U.S. economic and trade talks have significantly exceeded expectations; ② The stock market may experience short-term profit-taking, but this does not affect the optimistic sentiment in the medium to long term; ③ The bond market faces pressure, but there are still wave opportunities worth seizing.
Hong Kong stock morning report | The Siasun Robot&Automation Industry welcomes market Bullish. CKH HOLDINGS issued a statement in response to port Trade.
① The spokesperson of the Ministry of Commerce commented on the joint statement from the China-U.S. Geneva economic and trade talks. ② Tencent signed a strategic cooperation agreement with Siasun Robot&Automation. ③ Huawei signed a comprehensive cooperation agreement with UBTech Technology. ④ CKH HOLDINGS issued a statement in response to the port Trade.
Deploy Cash And Reduce Hedges, Peak Tariff Uncertainty Is Over But Peak Economic Uncertainty Is Not
The China-U.S. statement ignites Global optimism: Hong Kong and U.S. stocks surged, while Gold fell to a nearly one-month low.
① After the joint statement of the China-U.S. Geneva economic and trade talks was released, the Global financial markets immediately experienced significant fluctuations; ② The Hong Kong stocks expanded their gains in the afternoon, U.S. stock index Futures rapidly surged, while Gold prices fell in response; ③ In the Forex market, the USD rose sharply, and the offshore RMB against the USD also clearly strengthened.
Foreign capital is rushing in! Morgan Stanley: Hedge funds increased their positions in China Stocks last week.
① The Morgan Stanley report shows that US hedge funds increased their Call bets on Chinese Stocks last week, expecting progress in US-China trade negotiations; ② Morgan Stanley also indicated that hedge funds reduced their Shareholding in positions in Asia, such as Thailand, India, and Australia; ③ According to the latest progress in US-China negotiations, the USA will modify the tariffs imposed on Chinese Commodities, retaining a 10% base tariff, while suspending the implementation of a 24% tariff during the initial 90 days.
Hong Kong stock morning report | China and the United States reach an important consensus. In April, the retail sales of New energy Fund Passenger Vehicle in the market increased by more than 20% year-on-year.
① The United States and China reached an important consensus, and the talks made substantial progress. ② The Passenger Vehicle Association: In April, the retail market for New energy Fund Passenger Vehicles was 0.905 million units, a year-on-year increase of 33.9%. ③ The National Bureau of Statistics: In April 2025, the industrial producer price index fell by 2.7% year-on-year. ④ The iPhone product line is reportedly set for major expansion: two new models will be launched each year, with a maximum of six new products.
Hong Kong Market Extends Winning Streak, Posts Double-Digit Monthly Gains
Hong Kong Stock Morning Report | The trade agreement between the US and the UK boosts US stocks, with most China Concept Stocks showing strength.
① The USA and United Kingdom reached a trade agreement, but the details are yet to be finalized. ② The three major stock indexes in the USA closed higher, with most China Concept Stocks also gaining strength. ③ The number of initial unemployment claims in the USA last week was lower than expected. ④ The Bank of England cut interest rates by 25 basis points. ⑤ The financial markets in India and Pakistan are turbulent, with ongoing escalation of conflicts. ⑥ International Crude Oil Product futures prices rose by about 3%, and Bitcoin broke through $0.1 million.
Hong Kong stock morning report | The Federal Reserve maintained interest rates, and the three major U.S. indexes closed higher. China Concept Stocks broadly declined.
① The Federal Reserve maintained the benchmark interest rate, which met market expectations. ② Federal Reserve Chairman Powell stated that the impact of tariffs is greater than expected and there is no rush to cut interest rates. ③ The three major indexes of the U.S. stock market closed higher, while China Concept Stocks generally fell. ④ The central bank stated that it will make every effort to promote the implementation of a package of financial policies. ⑤ International crude oil and Gold Futures prices fell more than 1%.
Hong Kong stock morning report|A press conference on financial policies to stabilize the market will be held. The three major US stock indices closed lower while Chinese concept stocks strengthened against the trend.
① The USA's trade deficit reached an all-time high in March. The trade negotiations between the USA and Europe have encountered obstacles. Trump said that the USA does not need to sign a trade agreement. ② The State Council Information Office will hold a press conference to introduce financial policies to stabilize the market. ③ Treasury Secretary Lan Foan expressed confidence in achieving the growth target of around 5% by 2025. ④ The three major US stock indexes collectively closed lower, while many China Concept Stocks rose against the trend. ⑤ International Gold and Crude Oil Product futures rose by more than 3%.
Hong Kong Stock Morning Report | The U.S. actively conveyed information to China hoping to engage in talks, and May Day tourism sets another record.
① The USA proactively conveyed messages to China hoping to engage in talks, and China responded by stating it is currently evaluating. ② The USA's GDP decreased by an annualized rate of 0.3% in the first quarter, marking its first contraction since 2022. ③ The three major US stock indexes collectively fell on Monday, with mixed performances in Chinese stocks. ④ Buffett unexpectedly announced his resignation as CEO of Berkshire by the end of the year. ④ The "May Day" travel season has set a new record for the "most popular" in history.
AUDITED ACCOUNTS AS AT 31 DECEMBER 2024
Hong Kong Stock Morning Report|Two major insurance companies subscribed to the 2nd phase Fund of 20 billion yuan. The Hong Kong Stock Exchange has already contacted some companies regarding the "return of Chinese concept stocks."
① Two major insurance companies subscribed to 20 billion yuan for the Honghu Phase II Fund. ② The Hong Kong Stock Exchange has contacted some companies regarding the "return of Chinese concept stocks." ③ Li Yunzhe met with the President of the Hong Kong Monetary Authority, Eddie Yue Wai-man. ④ Tencent announced a restructuring of its mixed Yuan model research and increased investment in AI.
CICC: It is expected that this year, the Inflow of southward capital will be about 800 billion to 1 trillion Hong Kong dollars, and the Hang Seng Index is expected to reach 20,500 points.
China International Capital Corporation published a report on Hong Kong stock strategy, stating that it expects a total Inflow of approximately 800 billion to 1 trillion Hong Kong dollars this year.