Institutional forecasts for September’s Stock Connect and Hang Seng Tech Index rebalancing: 38 companies may be included in Stock Connect, while Tianshu Zhixin is expected to join the Hang Seng Tech Index.
September Stock Connect and Hang Seng Tech Index Rebalancing Analysis: Based on current rules, it is estimated that 38 companies will gain eligibility for Stock Connect trading, with Tianshu Zhixin likely to be included in the Hang Seng TECH Index.
CICC: Will overseas liquidity face problems?
The rebound to this level is supported by the following factors: 1) High leverage and crowded positions have largely stabilized and been cleared out; 2) Our proprietary AI bubble stress index has improved; 3) Against this backdrop, liquidity has become the focal point likely to drive market dynamics.
Hong Kong Futures Clearing House: The optimized methodology for determining daily settlement prices of flagship products, including the Hang Seng Index, will officially take effect on August 31.
Effective from the effective date, the daily settlement prices of these products shall be determined in accordance with the optimized daily settlement price methodology.
HK Market Quick Look | All three major indices rose, with the tech index up 1.58%. Internet and technology stocks performed strongly, with Alibaba rising nearly 2%. Stocks related to optical communications, memory storage, and PCBs generally advanced: Yan
Multiple technology and internet stocks advanced, with SenseTime-W rising 8.90% and JD.com-SW gaining 2.54%. Shipping and port stocks strengthened, as SITC International Holdings rose 8.35% and OOCL International increased by 7.29%. Gold stocks rallied across the board, with Zijin Mining International up 5.96% and Zhaojin Mining Industry advancing 3.88%.
Express News | National Bureau of Statistics: In July, the value-added of industrial enterprises above designated size increased by 4.5% year-on-year.
Express News | National Bureau of Statistics: Total retail sales of consumer goods reached RMB 28,774.4 billion from January to July, a year-on-year increase of 1.2%.