To The Moon

Last week, the Hang Seng Index$HSI(HSI)$ broke through 20,000 points, and stood above the bull-bear dividing line, above the 250-day moving average. This means that Hong Kong stocks have officially entered a bull market. There are two major positive factors behind it: First, the Internet platform economy ushered in favorable policies. Tencent$TENCENT(00700)$ won the title of the blockbuster game, and the capital increase plan of Chongqing Ant Consumer Finance Company was approved. Second, more real estate stimulus policies were introduced, the central bank issued the "establishment of the first set of housing loan interest rate policy dynamic adjustment mechanism", saying that it will strongly support users who buy the first home. The Internet platform economy and real estate stocks are important heavyweights in the Hang Seng Index, so it is not difficult to understand the strength of Hong Kong stocks. Performance by sectors Among the major sectors of the HKEX, the telecommunications industry led the rise, followed by the information technology industry, with only the energy sector falling, while all other sectors rose: Southbound funds continued their inflow by buying a net HK $11.2 billion this week: Key Events in Hong Kong Stocks Last Week 1. The report card of the new force of car making was released in December, and the monthly delivery of the Li Auto$LI AUTO-W(02015)$ cars exceeded 20,000. 2. Since January 1, 2023, BYD$BYD COMPANY(01211)$ has formally adjusted the official guidance prices of related models, ranging from 2000-6000 yuan. 3. Tencent$TENCENT(00700)$ accelerated its commercialization, and charged 1%-5% technical service fee to merchants for video account. 4. Apple$Apple(AAPL)$ 's market capitalization fell below $2 trillion, and the Hong Kong stocks fell collectively. 5. Duan Yongping, a well-known investor, announced on the Internet platform that he had sold Tencent$TENCENT(00700)$ at the bottom and bought Apple$Apple(AAPL)$. 6. The New Oriental$NEW ORIENTAL-S(09901)$ online official announced that it would be renamed Oriental Selection. 7. The Joint Prevention and Control Mechanism of the State Council: From January 8, it will resume the visa for mainland residents to travel and business to Hong Kong. 8. NIO$NIO-SW(09866)$ CEO William Li issued a letter to all staff: it is difficult to enter the global market, and the investment of resources will only increase slightly. 9. Byd$BYD COMPANY(01211)$ released a million-level new energy brand LookUp, "Yisifang" platform technology caused hot discussion. 4 Stocks Worth Attention Among Top Trading HK Stocks Last Week TOP1: $TENCENT(00700)$ Tencent surged 10% last week, back above HK $360, up 92% from its October low. After the big rise, some investors began to take profits. TOP2: $Alibaba(09988)$ The capital increase plan of Chongqing Ant Consumer Finance Company was approved last week. Alibaba's share price has soared. I wonder what Munger will think of reducing its holdings in Alibaba in the first quarter of last year. TOP4: $Meituan(03690)$ Tencent announced that it would reduce its stake in Meituan by way of in-kind distribution. This week ushered in the distribution registration day, and the Meituan shares allocated to shareholders are expected to arrive on March 24th. TOP7: $XPENG-W(09868)$ According to the December delivery data released, XPEV's monthly delivery volume is back to more than 10,000, a 94% increase over November. Key Events This Week 1.China's December CPI data will release on Thursday, which expecte to show a 1.8% year-on-year growth rate. Compared with the US, which is plagued by high inflation, domestic monetary policy still has room to ease. 2. On Thursday night, US December CPI data will release, with economists expecting 6.6% on-year growth, down from 7.1% in November.