To The Moon

Hey fellow SG Tigers! 🤝

Since 2025, the Hong Kong stock market has been nothing short of a whirlwind of excitement and prosperity.

See the bottom we have a strong tool to enpower your trades on HKEX and Northbond Ashares.

Let's dive into the highlights of HK bull stock markets together!

I. Significant Index Gains, Tech and Biotech Leading the Charge

As of June 26, 2025:

• The $HSI(HSI)$ has surged by 23.5%.

• The $HSTECH(HSTECH)$ has climbed by 27.5%.

• The $HUITIANFU HANG SENG BIOTECHNOLOGY TRADING OPEN ENDED INDEX SECURITIES INVESTMENT FUND (QDII)(513280)$ has soared by over 48%.

Data as of June 25th 2025

Tech stocks, riding the wave of accelerated AI applications, have seen record-breaking price hikes. For instance, $BABA-W(09988)$ has risen by 41.87% and $TENCENT(00700)$ by 23.37% since the start of the year. The biotech sector is also booming, with over 20 innovative drug stocks more than doubling in value this year.

If you're intrigued by these sectors, consider checking out related ETFs like the $HSTECH ETF(03032)$ and $CSOP HS TECH(03033)$ . They're great tools for capturing the sector trends.

II. Trading Activity Skyrockets, Market Fervor at an All-Time High

• In the first five months of 2025, the average daily trading volume on the HKEX reached 242.3 billion HKD, a 120% increase from the same period last year;

• In May alone, the average daily trading volume hit 210.3 billion HKD, up 50% from last year.

• As of June 10, 2025, the average daily trading volume for the year has been 241.29 billion HKD, a significant jump from last year's full-year average of 131.92 billion HKD.

This level of trading activity reflects the enthusiasm of market participants and the continuous influx of funds into the Hong Kong market, providing a strong impetus for the market's sustained growth.

III. New Issues Market on Fire, Mega IPOs Galore

• As of the latest report, Deloitte estimates that Hong Kong will conclude the first half of 2025 with 40 new listings raising a total of 102.1 billion HKD.

• Nearly three-quarters of the funds raised come from four super-large A+H shares and one H-share, $MIXUE GROUP(02097)$ .

• Compared to the same period last year, the number of listings has increased by 33%, and the total funds raised have skyrocketed by 673%, marking the second-highest record in the past decade.

The robust new issues market not only offers investors a wider array of investment options but also injects new vitality into the market, drawing even more attention and funds.

Hong Kong's equity capital markets bounce back in first half | Reuters

IV. Obvious Fund Inflows, Southbound and Foreign Funds Working Together

• As of June 10, 2025, the net purchase amount of Southbound funds has reached a staggering 675.55 billion HKD, accounting for over 80% of last year's total, with Southbound funds' trading volume now making up 49.86% of the Hong Kong market's total transactions.

• This year, the Hong Kong market has attracted a significant amount of international investors and fund inflows, with the market's allocation value drawing high attention from long-term funds.

The substantial influx of funds provides a solid foundation for the stability and growth of the Hong Kong market.

V. Outstanding Sector Performance, Consumer and Financial Sectors Also Shine

• Apart from the tech and biotech sectors, the consumer and financial sectors have also delivered remarkable performances. In the emerging consumer space, $POP MART(09992)$ has seen its market value reach new heights this year, surpassing 35 billion HKD at one point, thanks to the rapid overseas popularity of its IPs and well-established distribution channels.

• Brokerages within the financial sector have also had a good year, benefiting from the boom in investment banking business. Banks and insurance stocks have also shown strong performances, helping the Hang Seng Index hold steady above the 24,000-point mark.

Specific Benefits to Investment Banking from the IPO Boom:

I. $CICC(03908)$has risen by 38.53% in 2025

• CICC has a well-established business presence in Hong Kong, having started its overseas operations in 1997. It has since developed an international network with Hong Kong as its stronghold, covering major global financial centers.

• As of June 25, 2025, CICC Hong Kong has topped the list of IPO sponsors in Hong Kong with 14 sponsorships, capturing a market share of 17.07%.

• Notable companies include $HAITIAN FLAV(03288)$ and $SANHUA(02050)$. And a joint sponsor for major IPO projects like $CATL(03750)$ .

II. $CSC(06066)$ , $China Securities Co., Ltd.(601066)$ has increased by 8.55% in 2025

• In 2023, 2024, and 2025, CITIC Securities completed 8, 3, and 2 IPO sponsorships in Hong Kong, respectively. The funds raised were 8.4 billion, 7.4 billion, and 41.4 billion, respectively, ranking 2nd, 4th, and 2nd among Chinese brokers.

• In 2025, CITIC Securities sponsored the listings of $CATL(03750)$ and $ZHOU LIU FU(06168)$ , with several other companies in the pipeline.

III. $HTSC(06886)$ $Huatai Securities Co., Ltd.(601688)$ has risen by 21.19%

• Huatai Securities International has been a standout in the Hong Kong IPO sponsorship projects as of May 31, 2025.

• In 2025, Huatai sponsored the IPOs of companies like $CAOCAO INC(02643)$ , $SHOUHUI GROUP(02621)$ , $KWAN YONG(09998)$ , $PEGBIO CO-B(02565)$.

Brokers with Strong Comprehensive Strength Will Also Benefit from the Hot Hong Kong Market

I. $GUOTAI JUNAN I(01788)$ has surged by 198.18% in 2025

• Guotai Junan International has been granted a license to provide virtual asset trading services. This breakthrough has boosted market confidence in the Hong Kong stock market, signaling significant progress in innovation and regulation in Hong Kong's financial market.

• The opening of this virtual asset trading service will continue to attract new groups of investors and additional funds into the Hong Kong market.

  

II. $CITIC SEC(06030)$ has risen by 14.05% in 2025

• CITIC Securities, as a large comprehensive securities firm in China, has a comprehensive business layout in Hong Kong, covering investment banking, brokerage, asset management, and more.

• In the Hong Kong IPO market, CITIC Securities International is also actively involved in sponsorship projects. Related companies include $TRANSTHERA-B(02617)$ and $Muyuan Foods Co.,Ltd.(002714)$.

  

III. $CGS(06881)$ has risen by 25.95% this year.

• China Galaxy's business covers securities brokerage, securities investment consulting, financial advisory, underwriting and sponsorship, proprietary trading, and more. In terms of Hong Kong IPO sponsorships, the companies include $REPT BATTERO(00666)$ and $CONTIOCEAN(02613)$ .

• With the active trading in the Hong Kong market, its brokerage and proprietary trading businesses are expected to achieve better performance.

  

IV. $EB SECURITIES(06178)$ has risen by 12.38% in this year

Evergande Securities is also actively involved in the business layout of the Hong Kong market. A representative listing it sponsored is $HORIZONROBOT-W(09660)$ .

Dear Tigers,

The booming Hong Kong market and the outstanding performance of Chinese brokers offer plenty of investment opportunities across tech, biotech, consumer, and financial sectors.

If you want to trade the market‘s stock and ETF, Open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.

Other helpful links:

• 💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉

• How to open a CBA.

• How to link your CDP account.

• Other FAQs on CBA.

• Cash Boost Account Website.

Remember to stay tuned to the market rhythm and share in the prosperous outcomes of the Hong Kong market! 🤑💰💰