Express News | The Hong Kong Securities and Futures Commission: Expanding the range of participating Institutions in the Southbound Trading, adding Brokers, Insurance Companies, Wealth Management, and Asset Management Companies.
Express News | The U.S. Treasury Secretary stated that he plans to meet with China in the coming weeks to discuss trade and other topics.
Hong Kong market overview | The three major stock indices closed up, with the tech index rising by 1.84%; the solar energy and stablecoin Concepts strengthened, GCL TECH surged over 10%, GUOTAI JUNAN I increased by over 28%, and GOLDSTREAM INV quintupled
According to a research report by China International Capital Corporation, trading activity is a crucial indicator of the depth of capital markets and an important source of revenue for the capital market sector (such as Exchanges and brokerages). Benefiting from market mechanism reforms, the current structure of Hong Kong-listed assets and funds has significantly changed from the past pattern dominated by traditional industries and foreign institutions. The ongoing transformation in both 'assets + funds' is expected to open up long-term growth potential for Hong Kong's trading activity in terms of asset size, valuation, and Turnover Ratio. This, in turn, is likely to drive strong performance and increased upward elasticity for high-quality institutions in the capital market sector with significant exposure to Hong Kong and leading competitiveness.
Express News | The Hang Seng Index in Hong Kong rose by 1.09%, the Technology Index increased by 1.84%, and GUOTAI JUNAN I rose over 28%.
Tariff shocks, dollar depreciation... The current 10 most challenging issues in the global market, this is the answer from UBS Group.
UBS Group stated that U.S. tariffs are equivalent to imposing a 1.5% GDP tax, resulting in global growth falling to a historic low of 1.3% annualized growth rate; the dollar is experiencing cyclical depreciation but not a long-term trend; the inflation impact of tariffs will be reflected in the July CPI; European stock markets show a significant valuation advantage over U.S. stocks, with a PE discount of 25%; central banks around the world are generally moving towards easing policies to cope with the tariff impact; it is expected that China will implement a policy interest rate cut of 20-30 basis points in the second half of the year.
Hong Kong stock market midday review | All three major indices rose, with the Tech Index up 1.29%; the Stablecoin Concept continues to be active, GUOTAI JUNAN I rose 16%; photovoltaic and new consumption strengthened, GCL TECH and Tea Bot exceeded 9% incr
Network Technology stocks all rose, KUAISHOU-W increased by 3.41%, Bilibili-W increased by 2.76%, XIAOMI-W increased by 2.09%, JD-SW increased by 2.08%, Alibaba-W increased by 0.95%, NTES-S increased by 0.86%, and MEITUAN-W increased by 0.50%.
Midday Review of Hong Kong Stocks | The Hang Seng Index rose 0.78% in the morning session, with stablecoin concept stocks continuing to climb.
Hong Kong stablecoins are expected to receive licenses this year, and Institutions state that the industry will experience a moment of explosive growth.
Goldman Sachs: Dividends from Chinese listed companies may reach 3 trillion yuan this year, with valuations expected to rise accordingly.
On Sunday, Eastern Time, the Goldman Sachs research team released a report titled "Orchestrating Returns in China's Cash Symphony." The report states that by the end of 2025, onshore and offshore listed companies in China are expected to distribute a total of 3 trillion yuan in dividends, reaching a historic high in dividend distribution.
Hong Kong Stocks Climb 0.2% In Morning Trading
Express News | The Hang Seng Index opened up 0.17%.
Which industries are currently moving away from internal competition? Focus on photovoltaics, Cars, steel, Cement, and live pigs.
Huachuang Securities believes that the key Industries resisting involution may include photovoltaics, lithium batteries, New energy Fund Cars, e-commerce platforms, etc. From its measures against involution, it primarily focuses on industry self-discipline, administrative guidance, and public opinion supervision, ranked by the degree of constraint, which may be steel, live pigs, Cars, Cement, and photovoltaics.
CICC: "Assets + Capital" resonance marks a new era for Hong Kong's Business.
Benefiting from market mechanism reforms, the current asset and capital structure of Hong Kong stocks has significantly changed from the past pattern dominated by traditional industries and foreign Institutions. It is believed that the continuous transformation of 'Assets + Capital' is expected to open up medium to long-term growth opportunities for trading activity in Hong Kong stocks from three dimensions: asset volume, valuation, and Turnover Ratio, thereby promoting the growth α of quality Institutions in the Capital Markets Sector with high exposure and leading competitiveness, and reshaping upward elasticity.
Futu Morning News | Trump announces new tariffs on 14 countries, with deadlines extended to August 1, U.S. stocks related to Japan and South Korea decline; the U.S. proposes a 10% tariff on the EU with accompanying restrictive terms.
The United States proposed a trade agreement plan, imposing a 10% tariff on the European Union, along with restrictive terms; Bessent announced: multiple trade agreements will be announced in the next 48 hours.
Hong Kong stock morning report | The Hong Kong Securities and Futures Commission held another digital Assets consultation meeting, and Trump successively announced the tariff rates for various countries.
① The Hong Kong Securities and Futures Commission held the second Digital Assets Consultation Group meeting. ② Trump announced tariffs for various countries in succession. ③ The Hong Kong University of Science and Technology and BYD established an embodied intelligence joint laboratory. ④ Jitu Express saw a 23.5% year-on-year increase in parcel volume in the second quarter.
Express News | Trump: The tariff letter sent today is in some ways the final Quote; the August 1 deadline (for trade negotiations) has been made clear, but there is an openness to other ideas.
Trump: The extension of the deferral period is until August 1; the tax rates of 14 countries announced, with a maximum of 40%!
On the 7th local time, President Trump signed an executive order to extend the so-called "reciprocal tariffs" deferral period, postponing the implementation date from July 9 to August 1. Trump announced the imposition of the so-called "reciprocal tariffs" on April 2, which caused the American Financial market to plummet. Under pressure from multiple parties, Trump announced on April 9 to defer the imposition of high "reciprocal tariffs" on some trading partners for 90 days, while maintaining a 10% "base tariff". On July 7 local time, President Trump posted letters to Japanese Prime Minister Shizuka Ishiba and South Korean President Lee Jae-myung on the Social Media platform, charging a 25% tariff.
Express News | The United States proposed a trade agreement that includes a 10% tariff on the European Union and accompanying restrictive clauses.
The Hang Seng Index night futures closed at 23,886 points, 2 points below.
As of July 8, the Hang Seng Index futures (July) closed at 23,886 points, up 21 points or 0.088%, with a discount of 2 points.
Express News | White House official: Tariffs on specific countries will not be stacked.
Express News | Trump signed an executive order to extend the tariff deferral period until August 1.