Weekly Recap| HSTECH entered technical bull market!

The Hang Seng Index $HSI(HSI)$ rose 4.41% last week, and the Hang Seng Tech Index $HSTECH(HSTECH)$ rose more than 23% in past months, it was entering a technical bull market!

On the news, last week ushered in heavy good news, the Political Bureau of the Central Committee held a meeting on Monday to analyze the current economic situation, deploy economic work in the second half of the year, and propose to activate the capital market and boost investor confidence. At the same time, the expression of the real estate industry at this meeting is to timely adjust and optimize the policy, not to mention housing speculation!

The day after the Politburo meeting, Hong Kong A-shares soared, the RMB exchange rate appreciated against the US dollar, foreign capital poured into A-shares, and southbound funds also poured into 15.1 billion Hong Kong dollars last week:

On Friday, Hong Kong A-shares rose again, brokerage stocks rose limit tide, bull flag bearer CITIC Securities $Citic Securities Company Limited(600030)$ $Citic Securities Co., Ltd.(CIIHF)$ rare daily limit, A new round of market is waiting!

In terms of sectors, all rose last week, with the biggest increase in telecommunications services, with an increase of more than 10%:

Key Events in Hong Kong Stocks Last Week

1. The Executive meeting of The State Council deliberated and approved the Guiding Opinions on Actively and Steadily Promoting the Transformation of Urban Villages in Megacities;

2. The Political Bureau of the CPC Central Committee held a meeting on July 24 to analyze the current economic situation, deploy economic work in the second half of the year, and propose to activate the capital market and boost investor confidence；

3. According to a report released by E-House $E-HOUSE ENT(02048)$ Real Estate, from July 1 to 20, the transaction area of new commercial residential buildings in 50 key cities across the country was 8.16 million square meters, down 37% year-on-year;

4. Everg Vehicle $EVERG VEHICLE(00708)$ released its earnings report, and its stock price resumed trading, plunging 61% on the first day;

5. Volkswagen China $Volkswagen AG(VWAGY)$ announced that it will increase its capital to Xpeng $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ by about 700 million US dollars;

6. Hang Seng Tech Index $HSTECH(HSTECH)$ enters technical bull market;

7. The daily turnover of self-operated products of the EAST BUY $EAST BUY(01797)$ APP exceeded 30 million yuan;

8. The Federal Reserve raises interest rates by 25 basis points to the highest level in 22 years;

FIVE Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top2: Xpeng $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ , Volkswagen China announced last week that it will increase its capital to Xpeng by about US $700 million and buy a 4.99% stake in Xpeng at the price of US $per ADS15, driving Xpeng's share price soaring；

Top6: Everg Vehicle $EVERG VEHICLE(00708)$ , whose license has been suspended for more than a year, released its performance report. It reviewed trading on Friday and plunged 61%；

Top8: NIO $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ , according to weekly sales data, the number of deliveries in the coming month rebounded sharply, driving up the stock price；

Top9: EAST BUY $EAST BUY(01797)$ . Last week, EAST BUY's TikTok store was locked up for three days, but the daily trading volume of its self-operated app exceeded 30 million yuan, driving up the stock price；

Top10: Country Garden $COUNTRY GARDEN(02007)$ , the State Council executive meeting last weekend approved the guidance on actively and steadily promoting the transformation of urban villages in super-mega-cities. and the Ministry of Housing and Construction announced the implementation of the housing non-loan policy, and real estate stocks soared.

Next week's Hong Kong stock market events

1. On Monday, China's official manufacturing PMI data for July will release, with a forecast value of 49.2. The data can reflect the economic recovery and may have a greater impact on Hong Kong stocks;

2.After the U.S. stock market closed on Monday, Yum China $YUM CHINA(09987)$ will release its earnings.