To The Moon

Hong Kong's stock exchange closed on last Friday after the Hong Kong Observatory issued a black rainstorm alert, bringing the rainfall to record levels in 140 years. Tiger friends in Hong Kong pay attention to safety.

In terms of market, the performance of Hong Kong stocks was poor last week, in addition to Monday's rose, the remaining three trading days fell, and investor confidence was low.

On the news, China's General Administration of Customs on last Thursday morning released August import and export data. In dollar terms, August exports fell 8.8%, imports fell 7.3%, achieving a trade surplus of $68.36 billion, narrowing 13.2%.

Although the import and export data fell for four consecutive months, the decline in August was significantly narrower than the previous month, and performed better than the market expected.

But the capital did not buy it. Hong Kong A shares continue to fall. In terms of the sector, the biggest surprise last week came from the real estate sector, with a weekly increase of 7.3%:

On the news side, all the major first-tier cities have recently implemented the policy of "house recognition and no recognition of loans". Major banks have also announced the policy of adjusting housing loans. It is rumored in the market that there are still other favorable policies for real estate to be introduced soon.

At the same time, the volume of housing transactions in some cities rebounded, and $SUNAC(01918)$ returned to Hong Kong stock Connect, which soared 183% in three trading days, completely setting the real estate sector on fire.

In the United States, the ISM non-manufacturing PMI released last week is unusually strong, the market is worried that the Fed is expected to raise interest rates, and U. S. stocks pullback.

Although Hong Kong stocks are still in the doldrums, the southbound funds rush to raise, with a net inflow of HK $27.5 billion, which makes people jaw-dropping:

Key Events in Hong Kong Stocks Last Week

1. According to the announcement of the Shenzhen Stock Exchange, the list of the underlying shares of the Shenzhen-Hong Kong Stock Connect has been adjusted, and it will take effect from September 5, 2023. Among them, 22 stocks such as $SUNAC(01918)$ $ZJLD(06979)$ $LAEKNA-B(02105)$ were included;

2. According to Gamma data, in July 2023, the actual sales revenue of China's game market was 28.61 billion yuan, an increase of 37.49% year-on-year;

3. A person close to the company said that $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ car is now in the trial production stage, producing about 50 prototypes per week;

4. Passenger Association: In August, the retail sales of passenger car market reached 1.920 million, an increase of 2.5% year-on-year, while the retail sales of new energy vehicle market reached 716,000, up 34.5% over the same period last year;

5. $BlackRock(BLK)$ , the world's largest asset manager, will close its China Flexible equity fund on November 7;

6. $Tencent(00700)$ $Tencent Holding Ltd.(TCEHY)$ officially debuted its large language artificial intelligence (AI) model "Hunyuan";

7. According to $HKEX(00388)$ 's equity disclosure information, Sequoia China reduced its stake in $MEITUAN-W(03690)$ $MEITUAN(MPNGY)$ shares from 2.32% to 1.86%, reducing its holding by HK $3.4 billion;

8.AI Unicorn 4Paradigm passed IPO hearing;

Three Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top1: $SUNAC(01918)$ , there have been a lot of positive real estate policies last week, coupled with the fact that Sunac China has became the only real estate stock to return to Hong Kong Stock Connect, by the southbound funds highly sought, the stock price soared, causing investors to revel;

Top5: $SMIC(00981)$ , SMIC rose sharply and fell last week, rose sharply because of rumors that Huawei's new mobile phone Mate60 was manufactured by SMIC, and came back because of market concerns that SMIC would be subject to additional sanctions by the United States;

Top9: $ZJLD(06979)$, the company's share price soared 30% last week, mainly because the interim performance exceeded expectations, and it was included in the Hong Kong Stock Connect, superposition of low valuation, and was sought after by funds:

Next week's Hong Kong stock market events

Next Wednesday evening, the United States will release August CPI data, which economists expect 3.6%. We will be concerned about whether it exceeds expectations, which will have a big impact on the Fed's interest rate hike.