The market has shown "non-stick" resilience for five years! Investment banks warn that the "Teflon rally" also has its limits.
Over the past few years, a series of negative developments has repeatedly shaken global markets, yet risk assets have proven remarkably resilient—bad news seems to bounce right off them. Now, both
FTSE 100 Today: Oil, Copper and Computacenter Support London Stocks
HSBC Corrects Share Capital Figure as Buy-Back Continues
Express News | According to data from the Hong Kong Exchange, HSBC Holdings' stake in Tianqi Lithium's H-shares decreased from 24.49% to 23.79% on September 2.
HSBC Holdings (00005) repurchased 10,000 shares for £157,800 on September 7.
HSBC Holdings (00005) announced that on September 7, 2026, it repurchased 10,000 shares at a cost of £157,800; repurchased 359,200 shares at a cost of HK$60.0652 million; and cancelled 10,000
Natural gas prices approach pressure zone as Europe’s winter trading theme emerges!
The current European natural gas market dynamics are forming a clear transmission chain. Rising gas prices are driving up inflation, which in turn pushes bond yields higher; banks and energy stocks benefit, while industrial stocks face pressure. Should gas prices breach €100 per megawatt-hour, this divergence could accelerate further.
Share Buyback Roundup on September 7 | Bilibili-W, Tencent, and others conducted buybacks, with Bilibili-W spending HKD 784 million.
According to disclosures filed with the Hong Kong Exchange on September 8, companies including Bilibili-W (09626.HK) and Tencent (00700.HK) repurchased shares. ① On September 4, Bilibili-W (09626.HK) repurchased 6.7955 million Class B shares (shares with different voting rights), involving a total amount of HKD 784 million, with a repurchase price per share ranging from HKD 115.38 to HKD 115.38. ② On September 7, Tencent (00700.HK) repurchased 228,000 ordinary shares, involving a total amount of HKD 100 million, with a repurchase price per share ranging from HKD 442.4 to HKD 4
Selected HK Stock Announcements | Muyuan Foods’ commercial pig sales revenue fell by approximately 20% year-on-year in August; Poly Property Group’s annual revenue exceeded RMB 29 billion
1. Muyuan Shares' sales revenue from commercial pigs in August fell by approximately 20% year-on-year; what is the scale of this decline? 2. Poly Property Group's revenue exceeded RMB 29 billion this year; what was its year-on-year growth rate?
HSBC Holdings (00005.HK) repurchased 409,200 shares on September 4 at a cost of HK$68.252 million.
Gelonghui, September 7 – HSBC Holdings (00005.HK) announced that on September 4, 2026, it repurchased 409,200 shares at a total cost of HK$68.252 million, with the repurchase price ranging from HK$165.4 to HK$167.6 per share.
HSBC has become one of the first foreign banks to directly connect to China’s Wealth Management Product Registration and Deposit System.
Gelong Hui, September 7 | HSBC Bank (China) Company Limited announced that it has completed direct system integration with China Wealth Management Network, becoming one of the first foreign banks to achieve direct connectivity with the platform since the Measures for the Disclosure of Asset Management Product Information by Banking and Insurance Institutions officially came into effect on September 1.
JPMorgan: Hong Kong banks’ H1 results beat expectations, with room for upward revision in earnings per share forecasts
JPMorgan released a report on the Hong Kong banking sector, noting that the overall performance of Hong Kong banks in the first half of 2026 exceeded expectations, primarily supported by non-net interest income. Pre-provision operating profit demonstrated greater resilience and outperformed forecasts. Credit costs for small and medium-sized banks remain elevated, while larger banks are in a better position. On the negative side, total shareholder return metrics for HSBC (00005.HK), Standard Chartered (02888.HK), and Bank of China Hong Kong (02388.HK) were slightly below expectations. The bank expects room for upward revisions to market consensus earnings per share estimates, while rising market expectations for Federal Reserve rate hikes should also help support equity sentiment. The firm maintains a positive outlook on the sector.
Hong Kong Monetary Authority: Approximately 400 cases of fraud involving the unauthorized binding of payment cards to contactless mobile payment services detected
The Hong Kong Monetary Authority (HKMA) announced that major retail banks have recently identified approximately 400 fraud cases involving the unauthorized binding of payment cards, including debit cards, to contactless mobile payment services. The HKMA stated that, in accordance with relevant guidelines, banks have implemented various dual or additional authentication measures. Nevertheless, a significant number of customers clicked on suspicious hyperlinks, disclosed their payment card and identity verification details to fraudsters, and followed the fraudsters' instructions to confirm the card-binding requests. The HKMA noted that in these cases, fraudsters impersonated merchants or other organizations via phishing messages, fake websites, or telephone calls, using various pretexts to induce victims to provide their payment card information.
Share Buybacks on September 4 | Companies including Tencent and HSBC Holdings engaged in share repurchases, with Tencent spending HKD 100 million.
According to documents disclosed by the Hong Kong Exchange on September 7, companies such as $Tencent (00700.HK)$ and $HSBC Holdings (00005.HK)$ repurchased shares. ① $Tencent (00700.HK)$ repurchased 226,000 ordinary shares on September 4, involving an amount of HK$100 million, with a per-share repurchase price ranging from HK$447.4 to HK$440.2. Since the resolution on the share repurchase mandate was passed, the cumulative number of securities repurchased stands at 43.9247 million shares, representing 0.48174% of the number of issued shares at the time the ordinary resolution was approved. ② $HSBC Holdings (00005.HK)$
Liao Min Meets with Delegation from International Investment Institutions
Gelong Hui, September 7 – According to the Ministry of Finance, Vice Minister Liao Min met in Beijing on September 4, 2026, with a research delegation comprising representatives from international investment institutions such as HSBC and Temasek. The two sides exchanged views on issues including the macroeconomic situation and policies, as well as China-U.S. economic and trade relations.
China/Hong Kong Market Frontiers: Healthcare Innovation Leads the Rally, Theme Rotation Shifts to Financials and Commodities
Key Views: The Chinese healthcare sector has demonstrated robust performance, with innovative drugs and CXO (Contract Research/Manufacturing Organizations) leading the MSCI China Healthcare Index, which rose 33% over the past three months, significantly outperforming the broader market. Drivers include defensive sector rotation, earnings beats, surging enthusiasm for AI-driven drug discovery (AIDD), and outbound licensing deals for innovative drugs reaching a total value of $110 billion. Looking ahead to the second half of the year, we are bullish on the biotechnology, CXO, and AIDD sub-sectors, citing their dual attributes of growth and defensiveness; we are bearish on the diagnostics and traditional Chinese medicine (TCM) sectors. China Equity Strategy: Thematic rotation towards financials, commodities, and healthcare, despite elevated valuations in the AI sector.
$100 Invested In HSBC Holdings 5 Years Ago Would Be Worth This Much Today
HSBC Holdings (NYSE:HSBC) has outperformed the market over the past 5 years by 21.25% on an annualized basis producing an average annual return of 32.54%. Currently, HSBC Holdings has a market
Hang Seng Bank: Total number of subscribers and subscription amount for silver bonds hit record highs
Subscription for the 11th tranche of Silver Bonds launched by the Hong Kong SAR Government closed today (the 4th). Lin Jindong, Head of Investment and Wealth Management at Hang Seng Bank, stated that client response to the bond offering was enthusiastic. The total number of subscribers and the subscription amount increased by over 30% and nearly 25% year-on-year, respectively, both reaching record highs. This reflects sustained strong market demand for investment products with stable yields. Meanwhile, more than half of the applications were submitted through digital channels, indicating that clients are increasingly inclined to use digital platforms such as the Hang Seng Mobile App and Online Banking for investment transactions.
On September 3, HSBC Holdings (00005) repurchased 440,000 shares for HK$71.9318 million.
HSBC Holdings (00005) announced that on September 3, 2026, it repurchased 10,000 shares for GBP 155,500 and 440,000 shares for HKD 71.9318 million.
HSBC: Applications for silver bond subscriptions hit a new high
Subscription for the 11th tranche of the Hong Kong Government Silver Bonds 2026 will close today (the 4th). Ng Wing Yee, Head of Wealth Management and Financial Services Solutions at HSBC Hong Kong, stated that the total subscription volume for Silver Bonds recorded by HSBC rose by 23% compared with 2025, while the number of applicants increased by 31%, both reaching historic highs. Additionally, approximately one-quarter of the applicants subscribed to Silver Bonds through HSBC for the first time, and more than half of the applications were submitted online.
HK Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up over 2%; tech internet stocks advanced, with Meituan surging more than 5%, Baidu rising nearly 5%, and Xiaomi gaining close to 4%; mainland property stocks climbed, with S
Most internet and technology stocks rose, with Meituan-W up 5.28% and Baidu Group-W up 4.81%. Property developer stocks also gained, as Sunac China surged 14.29% and Longfor Group rose 8.40%. Mobile gaming stocks advanced, with Boyaa Interactive up 10.80% and NetDragon up 5.43%.