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The Forbes 2026 Hong Kong Rich List has been released, with Li Ka-shing retaining the top spot as the richest individual with a net worth of HKD 351.7 billion.
Forbes released the 2026 list of Hong Kong's 50 richest individuals, with Li Ka-shing, founder of Cheung Kong Holdings, retaining his position as Hong Kong’s wealthiest individual for multiple consecutive years, possessing a net worth of approximately HKD 351.78 billion. Lee Cheuk Yan and Victor Li, the eldest and second sons of the late Lee Shau-kee, founder of Henderson Land (00012.HK), along with their family, ranked second with a fortune of about HKD 272.22 billion. The Cheng Yu-tung family of New World Development (00017.HK) ranked third with an estimated wealth of HKD 203.58 billion. The five children of the late Lee Man Tat, former chairman of Lee Kum Kee Group, maintained their fourth-place ranking with a combined wealth of approximately HKD 137.28 billion.
HSBC Research: Stock selection in the Year of the Horse focuses on five key themes, recommending buys in CIMC Enric, GCL Technology, Cheung Kong Infrastructure, and others.
HSBC Research issued a report stating that the market in this Year of the Horse will focus on five key themes, including solar and hydrogen energy, the 15th Five-Year Plan, power grids, and green fuels. Additionally, defensive sectors remain valuable, and nuclear energy is also worth monitoring. The report mentions that the expansion of artificial intelligence infrastructure into space is driving new demand for solar cells. It is believed that specific equipment manufacturers within the solar supply chain and hydrogen producers serving as rocket fuel will benefit from this trend. Meanwhile, SpaceX's initial public offering and policy developments in China will be noteworthy catalysts. The report notes that despite ongoing anti-internal competition measures in mainland China leading to uncertain demand, renewable energy still holds promise.
Daiwa Securities: CK Asset Holdings (01038.HK) fundamentals remain unchanged, but positive factors have already been priced in; downgraded to 'Outperform'.
Daiwa Research reported that last week, CK Hutchison (00001.HK) was ruled by Panama's Supreme Court to have an unconstitutional port concession contract, causing a decline in the share prices of both CK Hutchison and Cheung Kong Infrastructure (CKI) (01038.HK). The firm believes that the ruling is likely rooted in the tensions between China and the U.S. over strategic assets, potentially disrupting CK Hutchison’s planned sale of its global ports business to BlackRock. For CKI, the firm views this development as creating sentiment-related pressure, as it highlights risks associated with political scrutiny. However, it does not directly impact CKI’s profit base, given that its operations are primarily concentrated in regulated utilities in the UK and Australia. Considering regulatory resets and the UK railway sector...
The entire power sector has declined, with the improvement of the coal-fired capacity pricing mechanism potentially leading to a further reduction in electricity price levels in some provinces.
Electric power stocks fell across the board. As of press time, Huaneng Power International (00902) dropped 5.26%, trading at HKD 5.4; China Resources Power Holdings (00836) declined 3.48%, trading at HKD 17.18; Huadian Power International (01071) slipped 2.91%, trading at HKD 4.01.
Zhitong HKEX Stock Connect Fund Flow Statistics (T+2) | February 2
Zhitong HKEX Stock Connect Fund Flows | February 2
Zhitong HK Stock Connect Fund Flow Statistics (T+2) | January 28
Zhitong HKEX Stock Connect Fund Flow | January 28