To The Moon

The US stock market is not calm last week. US bond yields continue to rise, a number of large technology stocks reported less than expected, and $NASDAQ(.IXIC)$ fell for 2 consecutive days.

Hong Kong stocks and A shares has been positive. First, $HUIJING HLDGS(09968)$ bought the next Exchange Traded Fund (ETF), and said it would continue to buy; Later, the central budget issued an additional 1 trillion yuan of government bonds, raising the deficit-to-GDP ratio to a high level.

At the same time, the Hong Kong government issued a policy address, and announced a series of major initiatives in addition to reducing the stamp duty on shares.

In terms of Sino-US relations, a video conference of the China-Us economic working group was held last week, and Foreign Minister Wang Yi started his visit to the US, vowing to bring Sino-US relations back to the track of sound, stable and sustainable development as soon as possible.

Under a lot of positive news, $HSI(HSI)$ bottomed out and rebounded, with a weekly gain of 1.32%.

By sectors, healthcare led advancers, while real estate and telecom services led decliners:

In terms of southbound funds, there was a net inflow of HK $6.9 billion last week:

Key Events in Hong Kong Stocks Last Week

1. $HUIJING HLDGS(09968)$ bought Exchange Traded Fund (ETFs) and will continue to increase its holdings in the future;

2. The Sino-US Economic Working Group held its first meeting by video;

3. $Midea Group Co.,Ltd.(000333)$ submits a listing application to $HKEX(00388)$;

4. China will issue an additional 1 trillion yuan of government bonds to support post-disaster recovery and reconstruction and improve disaster prevention, mitigation and relief capabilities.

5. Chief Executive of the Hong Kong Special Administrative Region Lee Ka Chiu John delivers the Chief Executive's 2023 Policy Address;

6. Hong Kong will cut stamp duty on stock trading from 0.13% to 0.1%;

7. Maserati parent company intends to acquire 20% equity of $ZHEJIANG LEAPMOTOR TECHNOLOGY CO., LTD.(09863)$ for 1.5 billion euros;

8. $LI NING(02331)$ Q3 operating data is not good, the stock price fell sharply;

9. $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ releases Mi 14 series phones;

10. More than 25 billion yuan of $Tencent(00700)$ $Tencent Holding Ltd.(TCEHY)$ shares were deposited in CCASS;

11. J&T Express landed on the Hong Kong Stock Exchange, the largest IPO by market value this year.

Four Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top1: $Tencent(00700)$ $Tencent Holding Ltd.(TCEHY)$ , there was bad news from Tencent last week, more than 25 billion market value shares were deposited to CCASS (Central Clearing System). Analysts believe that it should be the major shareholder Naspers (South African newspaper Group) to reduce the precursor;

Top2: $XIAOMI-W(01810)$ $Xiaomi Corp.(XIACY)$ , the company held Xiaomi HyperOS and Xiaomi 14 series of new products conference. Lei Jun announced a new strategy: human-car-home ecosystem.

Top5: J&T Express, the company landed on the Hong Kong Stock Exchange last week, creating the largest IPO project in the year, but the first day of listing performance was flat;

Top8: $KUAISHOU-W(01024)$ , most of the Hang Seng Technology and Network Stocks rose last week, but Kuaishou fell 8% against the trend as its co-founder Su Hua retired.

This week's Hong Kong stock market events

1. This Tuesday morning, China's October PMI data will be released with an expected value of 50.2, focus on whether it exceeds expectations;

2. This Thursday, the Federal Reserve will decide on interest rates, focusing on whether to raise interest rates and make a statement in the future;

3. $BYD Co., Ltd.(BYDDF)$ $BYD COMPANY(01211)$ and large technology stocks in the United States will release results this week, which may have an impact on related stocks.