Hong Kong Market Snapshot | All three major indices declined, with the Hang Seng Tech Index dropping nearly 1%; memory storage, PCB concept, and optical communication stocks were active. CSOP Twox Leveraged Samsung Electronics rose nearly 14%, KB Speciali

Tech and internet stocks broadly declined, with NetEase down 5.08% and Alibaba-W falling 3.01%; property developers advanced across the board, led by China Jinmao rising 13.92% and Sunac China up 8.93%; mobile gaming stocks weakened, with NetEase down 5.08% and Bilibili-W declining 3.34%;

Futu News16:25

Express News | PBOC: Timely plan and introduce practical and effective incremental policies, and strengthen counter-cyclical adjustments.

The central bank released the China Monetary Policy Implementation Report for the second quarter of 2026. In the next phase, the People's Bank of China will firmly grasp the primary task of high-quality development, steadily advance Chinese-style modernization, adhere to the general principle of pursuing progress while maintaining stability, and fully, accurately, and comprehensively implement the new development philosophy. It will fully leverage the effectiveness of existing stock policies, timely plan and introduce practical and effective incremental policies, strengthen counter-cyclical adjustments, make greater efforts to expand domestic demand and optimize supply, and promote sustained economic development that is newer, better, and more robust. We will unswervingly follow the path of financial development with Chinese characteristics, further deepen financial reform and high-level opening-up, accelerate the building of a strong financial nation, improve the central banking system, establish a scientific and robust monetary policy framework and a comprehensive macroprudential management system, and ensure smooth transmission mechanisms for monetary policy.

Breakings18:28

Express News | Citi: Gold and silver still have room to rise; improving geopolitical and macroeconomic conditions will restore investment demand for precious metals.

Citi Research states that the bullish trade in precious metals is not yet over. Silver will continue to follow gold's direction, serving as a more aggressive expression of upside potential due to its higher volatility elasticity. If tensions in the Strait of Hormuz eventually ease, coupled with a less hawkish stance from the Federal Reserve, investment demand for precious metals will continue to recover. Recent market movements have provided context for this view. The settlement price of COMEX August gold futures rose 0.49% to $4,383 per ounce, while silver futures fell 0.5% on the day to $64.769 per ounce, ending a two-day winning streak. Citi believes that short-term corrections do not alter silver's positioning as a high-beta asset relative to gold. If easing geopolitical risks drive capital back into precious metals, silver has the opportunity to rise to $95 per ounce by 2027. However, Citi also retains risk scenarios. The bank estimates there is approximately a 20% probability that silver could fall to $50 per ounce, indicating that current precious metals trading remains highly dependent on interest rate expectations, the U.S. dollar trend, and geopolitical risks. For the market, gold remains the core asset for defense and rate-cut expectations, while silver is better suited to capture elastic gains following a recovery in risk appetite.

Breakings17:10

Dan Bin's latest holdings are out! Newly added positions in 7 companies.

The latest U.S. equity holdings of Dan Bin's fund have been released.

Gelonghui Finance16:57

CICC: Asset Allocation – Has Global Liquidity Reached an Inflection Point?

Continued global monetary easing supports tech-growth sectors, gold, and base metals. Currently, non-AI segments of the U.S. market have yet to fully recover, with employment, consumer spending, and residential investment all showing signs of deceleration—insufficient evidence so far for convergence in the K-shaped divergence.

CICC Insights16:48

Hong Kong Market Midday Review | All three major indices fell by more than 1%, with tech and internet stocks declining—Alibaba dropped over 3% and Tencent fell nearly 3%. Semiconductor stocks gained strength, with Hua Hong Hongli rising over 7%. MINIMAX s

Tech and internet stocks broadly declined, with NetEase down 3.50% and Alibaba Group Holding down 3.24%; mobile gaming stocks fell, with Bilibili down 3.69% and NetEase down 3.50%; most sporting goods stocks declined, though Eagle Nice rose 9.45%, while Anta Sports dropped 3.62%;

Futu News12:12