Hang Seng Index Bull/Bear Ratio (46:54) | July 21
As of July 21, the latest bull-to-bear warrant ratio for the Hang Seng Index stood at 46:54.
On-site Coverage of the World Artificial Intelligence Conference: Fund Managers Survey Three Key Areas
The strongest signal emerging from this year’s exhibition is that AI is rapidly moving beyond 'concept demonstrations' and into the physical world—many of the new products showcased are no longer lab prototypes but mature, mass-producible, and deployable solutions.
Hong Kong Exchanges and Clearing Limited: The optimization measure to narrow the strike price intervals of Weekly Index Options will take effect on July 27.
On July 20, Hong Kong Futures Exchange issued a notice stating that the Securities and Futures Commission of Hong Kong has approved optimization measures to narrow strike price intervals, which will take effect on Monday, July 27.
Just announced: Upgraded to “Overweight”! Latest statement from foreign investors regarding Chinese equities
According to the latest reports, Wall Street giant Citigroup has revised its asset allocation recommendation for emerging markets, upgrading its rating on Chinese equities to 'overweight.' Citi strategists have set a year-end 2026 target price of USD 92 for the MSCI China Index, implying a potential upside of 31%.
CICC: Three Possible Endgames for an Extremely Structural Market
In 2026, global markets exhibited a highly divergent structural market performance. Korean equities with AI exposure, the Philadelphia Semiconductor Index, and China’s STAR Market and ChiNext boards significantly outperformed, while China A-share consumer stocks and Hang Seng Tech Index constituents without AI exposure notably underperformed.
Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 2.79%; coal and oil stocks advanced, Yanzhou Coal Mining surged over 9%, China Coal Energy gained more than 8%, and CNOOC rose over 6%; China Software International jumped 22
Tech and internet stocks rose, with Kuaishou-W up 4.57% and NetEase up 4.04%; oil stocks strengthened, with CNOOC up 5.19% and Yanchang Petroleum International down 5.17%; pharmaceutical stocks all gained, with 3SBio up 6.38% and CSPC Pharma up 4.94%.