As Hong Kong’s Policy Address is set to be released, the financial sector is actively debating whether trading hours for Hong Kong stocks should be extended.
1. The Hong Kong financial sector is actively exploring the extension of trading hours for Hong Kong stocks; what are the policy recommendations? 2. As overseas markets increasingly shift toward 24/7 trading, what implications does this hold for Hong Kong equities?
Guo Sizhi: The broader market remains volatile and weak, awaiting a shift in direction.
Guo Sizhi, Vice Chairman of the Hong Kong Securities Analysts Association, said that the broader market extended Monday's (the 7th) decline yesterday (the 8th), coming under further pressure. The
Express News | National Bureau of Statistics: Consumer Price Index (CPI) rose by 0.8% year-on-year in August
Data from the National Bureau of Statistics shows that in August 2026, the national Consumer Price Index (CPI) rose by 0.8% year-on-year. Specifically, prices in urban areas increased by 0.8%, while those in rural areas rose by 0.7%. Food prices decreased by 1.4%, whereas non-food prices increased by 1.2%. Prices for consumer goods rose by 0.8%, and service prices also increased by 0.8%. On average, from January to August, the national CPI was 0.9% higher than the same period last year. In August, the national CPI rose by 0.4% month-on-month. Among these, urban prices increased by 0.4%, and rural prices also rose by 0.4%. Food prices went up by 0.4%, while non-food prices increased by 0.3%. Prices for consumer goods rose by 0.6%, and service prices increased by 0.1%.
Express News | National Bureau of Statistics: In August, the Producer Price Index (PPI) for industrial products rose by 3.8% year-on-year and 0.4% month-on-month.
Data from the National Bureau of Statistics shows that in August 2026, the producer price index (PPI) for industrial products rose by 3.8% year-on-year and 0.4% month-on-month. The purchase price index for industrial producers increased by 5.8% year-on-year and 0.3% month-on-month. On average from January to August, the PPI for industrial products rose by 2.0% compared to the same period last year, while the purchase price index for industrial producers increased by 3.2%. In August, within the PPI for industrial products, prices for means of production rose by 5.0% year-on-year, contributing approximately 3.92 percentage points to the overall increase in the PPI. Specifically, prices in the mining industry rose by 17.8%, prices in the raw materials industry rose by 6.7%, and prices in the processing industry rose by 3.1%. Prices for consumer goods fell by 0.5%, dragging down the overall PPI by approximately 0.10 percentage points. Among these, food prices fell by 2.3%, clothing prices fell by 1.2%, general daily necessities prices fell by 0.8%, and durable consumer goods prices rose by 1.2%. Regarding the purchase price index for industrial producers, prices for non-ferrous metal materials and wires rose by 19.8%, fuel and power prices rose by 9.8%, chemical raw material prices rose by 9.5%, textile raw material prices rose by 3.8%, and ferrous metal material prices rose by 0.3%; meanwhile, prices for construction materials and non-metallic minerals fell by 3.2%, and agricultural and sideline product prices fell by 0.5%.
Hang Seng Index Bull-Bear Street Position Ratio (55:45) | September 9
As of September 9, the latest bull-bear street position ratio for the Hang Seng Index stood at 55:45.
China Market Insights: Lowering Index Targets Amid Macroeconomic and Liquidity Headwinds
Key View: Lowering Target Levels for Chinese Equity Indices, Reflecting Macro Deterioration and Tightening Liquidity Morgan Stanley has lowered its base-case targets for the Hang Seng Index, Hang Seng China Enterprises Index, MSCI China Index, and CSI 300 Index to 26,550, 8,900, 80, and 4,880 points, respectively, implying an upside potential of only 5%-7%. This adjustment is primarily driven by persistently weakening macroeconomic data, delayed earnings recovery, and reduced liquidity support due to tighter regulations on cross-border capital flows. Weakening Macro Momentum and Slower Earnings Recovery Path Q2 GDP growth year-on-year came in at 4.3%, below the target, with Morgan Stan
Beyond central and state-owned enterprises, interim dividends for Hong Kong-listed stocks exceeded RMB 900 billion, with new tea beverage and gold companies entering the payout arena for the first time.
Hong Kong-listed companies are actively distributing dividends to reward investors while disclosing their interim performance reports.
HK Market Snapshot | Major indices broadly declined, with the Hang Seng Tech Index down 1.61%, Zhipu AI dropping over 10%, and MiniMax falling more than 5%. In contrast, oil and non-ferrous metal stocks rose against the trend, with Kunlun Energy up nearly
Technology and internet stocks declined, with Kuaishou-W down 2.77% and Xiaomi Group-W down 2.11%. Stocks in the mobile phone supply chain fell broadly, with Lenovo Group dropping 6.18% and BYD Electronics falling 5.06%. Non-ferrous metal stocks rose, with CMOC Group up 7.57% and MMG Limited gaining 5.42%.
HK Stocks Midday Review | All three major indices fell, with the tech index dropping over 1%, Zhipu AI falling nearly 10%, and Xiaomi declining more than 2%; non-ferrous metal stocks rose, with Jiangxi Copper shares gaining over 5%; the Southern Two-Times
Internet and technology stocks underperformed, with Xiaomi Group-W down 2.40% and Meituan-W up 1.94%; gold miners rose, with Zijin Gold International up 3.69% and Zijin Mining up 3.67%; oil stocks performed strongly, with Sinopec up 3.81% and Kunlun Energy up 3.63%;
Express News | Cailian Press Midday News Highlights, September 8
1. By the midday close, the Shanghai Composite Index rose 0.36%, the Shenzhen Component Index gained 0.05%, and the ChiNext Index fell 0.15%. 2. In Hong Kong stocks' midday trading, the Hang Seng Index declined 0.27%, and the Hang Seng Tech Index dropped 1.10%. 3. Data released by the General Administration of Customs showed that China's total import and export value reached 4.65 trillion yuan in August, a year-on-year increase of 19.8%. Exports and imports grew by 18.6% and 21.7% respectively, marking the fourth consecutive month of double-digit growth for both. The monthly year-on-year growth rate of imports has exceeded that of exports for six consecutive months. 4. Nine departments, including the Henan Provincial Department of Housing and Urban-Rural Development, issued "Several Measures on Coordinating the Control of New Supply, Destocking, Optimizing Supply, and Stabilizing the Real Estate Market." The measures propose strengthening support for housing consumption and implementing home purchase subsidies and loan interest subsidies tailored to local conditions. 5. ByteDance is preparing to launch an AI model for real-time spatial video generation.
Asian Stock Markets Mixed as Investors Look to U.S. CPI Data
By Ronnie Harui Asian stock markets were slightly subdued given the U.S. holidays overnight, even as the Japanese yen continued to strengthen against the dollar. Regional markets on Tuesday lacked
Hong Kong Stocks Open Lower as Oil Prices Jump
Hong Kong stocks fell at the start of Tuesday's trading session, driven by higher crude oil prices as the ongoing Middle East conflict fueled doubts about a long-term peace solution between the U.S.
Kwok Sze Chi: The broader market has once again dipped slightly below its 10-day and 20-day moving averages.
Kwok Sze Chi, Vice Chairman of the Hong Kong Stock Analysts Association, stated that the broader market exhibited renewed volatility yesterday (the 7th). The Hang Seng Index initially edged up by 2 points to 25,652 in the morning session before further climbing slightly to 25,664, where it faced resistance. Due to cautious buying sentiment and persistent fragmented selling pressure, the broader market began to fluctuate downward. The Hang Seng Index only stabilized after breaking below the 25,362 level, by which point the market had retraced sharply by 288 points. Fortunately, support buying gradually emerged at lower levels, prompting a rebound that pushed the Hang Seng Index back above the 25,400 mark. However, amid thin trading activity, the market experienced volatility without meaningful gains.
Futu Morning Brief | US-Canada trade tensions escalate, adding uncertainty to US inflation? AI hardware supply-demand tightness persists; Samsung and SK Hynix memory inventories reportedly below 10 days; new listings in Hong Kong's storage sector as Longs
The People's Bank of China has increased its gold reserves for 22 consecutive months, with the pace of purchases accelerating further in August. As expectations of Federal Reserve rate hikes intensify, UBS Group has issued a "buy and sell list": buy stocks on dips and take profits on gold during pullbacks.
HSI Bull-Bear Street Cargo Ratio (58:42) | September 8
As of September 8, the latest bull-to-bear ratio for outstanding Hang Seng Index derivatives stood at 58:42.
HK Market Quick Take | All three major indices fell in tandem: the tech index dropped 0.92%, Baidu declined nearly 5%, and Xiaomi fell over 3%. Conversely, optical communication, PCB concept, and memory chip stocks rose against the trend; Cambridge Techno
Technology and internet stocks declined, with Baidu Group-W falling 4.69% and Xiaomi Group-W dropping 3.31%. Most coal stocks also fell, although Yancoal Australia rose 4.96%, while China Qinfa decreased by 3.42%. Securities and brokerage stocks were mostly lower, with Shenwan Hongyuan down 3.24% and China Galaxy Securities declining 2.57%.
Express News | Will China and the U.S. Hold AI Talks in the Coming Weeks? Foreign Ministry: Both Sides Are Maintaining Communication on AI Issues
On September 7, Foreign Ministry Spokesperson Mao Ning presided over a regular press conference. An AFP reporter asked whether the Foreign Ministry could confirm reports that China and the United States would hold artificial intelligence (AI) talks in the coming weeks, whether the dialogue would take place in mid-September, and what expectations China had for these talks. "China and the United States are maintaining communication on AI issues," Mao stated. (The Paper)
CICC Analysis of Hong Kong Stocks’ “Smart Money”: Southbound Investors Prefer Adding Positions at Lower Levels, While Active Foreign Capital Is a Lagging Indicator; Structural Opportunities Warrant Greater Attention at Present
Source: CICC Insights Since 2026, Hong Kong equities have continued to diverge in performance from neighboring markets, including A-shares, exhibiting a typical "seesaw" effect. In the first half of the year, as South Korean equities and the technology sector of A-shares strengthened continuously, Hong Kong stocks underperformed and experienced capital outflows. Following the correction in technology stocks in late June, Hong Kong equities rebounded and saw capital inflows. This phenomenon is not unique to this year; similar patterns were observed in 2025 and even earlier. Domestically, strong momentum in Hong Kong stocks during the first half of 2025 coincided with sustained southbound capital inflows, which slowed in the second half as A-shares gained strength. Internationally, overseas investors also adjust their allocations in response to changing market attractiveness in countries such as Japan, India, and South Korea.
HK Stock Market Midday Review | Three major indices fell in unison, with the Hang Seng Tech Index dropping 1%; internet and technology stocks declined, with Baidu falling nearly 6% and Xiaomi down nearly 4%. In contrast, optical communication and PCB conc
Technology and internet stocks declined broadly, with Baidu Group -W down 5.74% and Xiaomi Group -W down 3.94%. Coal stocks weakened, with Yankuang Energy dropping 3.83% and China Coal Energy falling 3.36%. Oil stocks also softened, with Sinopec Shanghai Petrochemical Company declining 2.51% and PetroChina down 2.17%.
Express News | Cailianshe Selected Midday News, September 7
1. At the midday close, the Shanghai Composite Index fell 0.24%, the Shenzhen Component Index rose 1.38%, and the ChiNext Index rose 2.63%. 2. In the Hong Kong stock market at the midday close, the Hang Seng Index fell 0.97%, and the Hang Seng Tech Index fell 1%. 3. The Ministry of Agriculture and Rural Affairs, together with five other departments, issued the "Implementation Plan for Prioritizing Agricultural and Rural Development and Improving the Investment Mechanism for Rural Revitalization." The plan proposes actively supporting eligible agriculture-related enterprises in raising capital through public listings and supporting eligible agriculture-related projects in issuing real estate investment trusts (REITs) in the infrastructure sector. 4. The Ministry of Industry and Information Technology, along with five other departments, recently issued the "Opinions on Promoting High-Quality Development of Historical Classic Industries." The opinions encourage premium products such as tea, traditional Chinese medicine, and silk to enter duty-free shops at ports, tax-refund stores for departing travelers, downtown duty-free shops, and high-end supermarkets in accordance with laws and regulations. 5. Goldman Sachs stated that if attacks on shipping in the Middle East escalate further, oil prices could rise to $120 per barrel; the bank also advised investors to take long positions in natural gas and diesel to capture potential gains.