To The Moon

This week, Hong Kong stocks made a steady rebound. The $HSI(HSI)$ rose 2.28%, closing near the 20,000-point mark.

Positive Economic Data Drives Market Optimism

On Monday, Caixin released China’s November manufacturing PMI, which came in at 51.5, the highest in seven months and far exceeding analysts' expectations. This indicates that the manufacturing sector is continuing to expand, driven by economic stimulus policies.

With improving economic data, China plans to hold its annual closed-door Central Economic Work Conference next Wednesday to set economic targets and stimulus plans for 2025. The news sparked market speculation around more policy support, pushing stocks higher.

Additionally, many major Wall Street firms expect China’s central bank to make its largest rate cut in 10 years next year, aiming to boost economic growth and tackle deflationary pressures.

Market Reaction: A Broad-Based Rebound

Hong Kong and A-shares rebounded, with most sectors seeing gains.

Southbound capital continued to flow in, adding fuel to the rally.

Next week, China will release key data on CPI, PPI, and exports. If these figures exceed expectations, they could further lift market sentiment.

Major Events in Hong Kong Stocks This Week

1. The efficiency of offshore listings continues to improve, with 54 mainland companies now listed in Hong Kong.

2. Data from CRIC shows a rebound in new home sales in 30 major cities in November, with a 20% year-on-year growth.

3. Auto sales for November were reported, with $LI AUTO-W(02015)$ and $XPENG-W(09868)$ hitting new delivery highs.

4. Caixin's November manufacturing PMI rose to 51.5, the highest since July.

5. Offshore RMB fell below 7.30 against the US dollar.

6. The US ramped up semiconductor restrictions on China, adding 140 companies to its "entity list."

7. $CHINA MOBILE(00941)$ announced plans to launch a tender offer for $HKBN(01310)$ .

8. The 10-year government bond yield dropped below 2%.

9. $NCI(01336)$ increased its stake in $HAITONG SEC(06837)$’ Hong Kong shares.

10. Bitcoin broke the $100,000 mark.

11. $MEITU(01357)$ liquidated its Bitcoin and Ethereum holdings, making nearly 600 million yuan in profit.

12. $MAO GEPING(01318)$ became the “king of frozen funds” in Hong Kong stocks, with Financing quota exceeding HK$170 billion.

Five Stocks Worth Attention Among Top Trading HK Stocks This Week

Top 1: $XIAOMI-W(01810)$ . After a few days of adjustment, Xiaomi’s stock surged 7.75%, hitting a new yearly high.

Top 7: $KINGSOFT CLOUD(03896)$ . The cloud services provider benefited significantly from AI trends, with revenue and gross margin improving sharply in Q3.

Top 8: $ROBOSENSE(02498)$ . The company reported a 91.5% YoY increase in revenue, surpassing its total 2023 revenue in just the first three quarters.

Top 9: $BOYAA(00434)$ With Bitcoin surpassing $100,000, related stocks like BOYAA saw significant gains. The company holds around 3,183 BTC.

Top 10: $XPENG-W(09868)$ . XPeng reported a record 30,895 units sold in November, a 54% increase YoY.

Next Week's Hong Kong Stock Market Events

1. Next Monday, China will release November’s CPI and PPI data. These will give insights into domestic deflation and could have a big market impact.

2. Next Tuesday, China will announce November export data. With domestic demand and investment still weak, exports will be closely watched.

3. Next Wednesday: The US will report its November CPI. The market expects 2.7%, up from 2.6% last month. The CPI result will influence the Fed's future rate decisions.