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HK Equities Soar After China’s Regulator Pledges Support

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Hong Kong and China equity are mixed today with Hong Kong equities outperforming today led higher by the five measured announced by the CSRC on Friday, while Investors are also breathing a sign of relief after seeing no escalation of tensions in the middle east. In the property space Sunac China shares climbed as much as 11% after one of its residential housing projects in Shanghai sold out in one day. There has been little else in the way of market headlines, while China kept the LPR rates steady. Focus this week will turn to corporate earnings, with a light economic calendar for the remainder of the week

  • Hong Kong equities are surging higher today with the HSTech Index up 1.95% sellers are still in control with the index trading below all Major EMA levels, while the 14-day RSI sits below 50 although it is off lows, the Mainland Property Index up 1.82%, while the HSI is up 1.74% and is now testing the 100-day EMA with a break here setting up a retest of the 200-day EMA at 17,266. China Mainland equities are underperforming this morning, with the CSI300 down 0.22% the index has been rangebound since early Feb trading between the 100 & 200-day EMA, small-cap indices are mixed with the CSI1000 unchanged while the CSI2000 is down 0.50%.
  • China Northbound saw an outflow of 6.48b on Friday, momentum has been decreasing over the past week with the 5-day average at -1.33billion, while the 20-day average sits at -1.36billion yuan.
  • The US House passed legislation compelling ByteDance to divest its ownership stake in TikTok, linking it to an aid package for Ukraine and Israel, amidst concerns about data privacy and Chinese propaganda, with ByteDance intending to exhaust legal challenges before considering divestiture.
  • China's securities regulator announced five measures to promote Chinese companies listing in Hong Kong, including supporting IPOs by leading firms, loosening stock trading link rules, widening the scope of eligible exchange-traded funds, and supporting the inclusion of yuan-denominated stocks for mainland investors. This move aims to maintain Hong Kong's unique status as an international financial hub and comes after a decline in IPOs last year and questions about its future as a finance center.
  • Looking ahead, HK CPI Composite On Tuesday & Trade Balance on Thursday
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Hong Kong and China equity are mixed today with Hong Kong equities outperforming today led higher by the five measured announced by the CSRC on Friday, while Investors are also breathing a sign of relief after seeing no escalation of tensions in the middle east. In the property space Sunac China shares climbed as much as 11% after one of its residential housing projects in Shanghai sold out in one day. There has been little else in the way of market headlines, while China kept the LPR rates steady. Focus this week will turn to corporate earnings, with a light economic calendar for the remainder of the week

  • Hong Kong equities are surging higher today with the HSTech Index up 1.95% sellers are still in control with the index trading below all Major EMA levels, while the 14-day RSI sits below 50 although it is off lows, the Mainland Property Index up 1.82%, while the HSI is up 1.74% and is now testing the 100-day EMA with a break here setting up a retest of the 200-day EMA at 17,266. China Mainland equities are underperforming this morning, with the CSI300 down 0.22% the index has been rangebound since early Feb trading between the 100 & 200-day EMA, small-cap indices are mixed with the CSI1000 unchanged while the CSI2000 is down 0.50%.
  • China Northbound saw an outflow of 6.48b on Friday, momentum has been decreasing over the past week with the 5-day average at -1.33billion, while the 20-day average sits at -1.36billion yuan.
  • The US House passed legislation compelling ByteDance to divest its ownership stake in TikTok, linking it to an aid package for Ukraine and Israel, amidst concerns about data privacy and Chinese propaganda, with ByteDance intending to exhaust legal challenges before considering divestiture.
  • China's securities regulator announced five measures to promote Chinese companies listing in Hong Kong, including supporting IPOs by leading firms, loosening stock trading link rules, widening the scope of eligible exchange-traded funds, and supporting the inclusion of yuan-denominated stocks for mainland investors. This move aims to maintain Hong Kong's unique status as an international financial hub and comes after a decline in IPOs last year and questions about its future as a finance center.
  • Looking ahead, HK CPI Composite On Tuesday & Trade Balance on Thursday