【Hong Kong Stock Night Futures + Northbound Funds】Northbound Funds Withdrew Nearly HK$11.5 Billion; Sold Approximately HK$11.1 Billion in Index ETFs, Bought Over HK$1.2 Billion in Yao Tai; Hang Seng Index Night Futures Rose 68 Points (Continuously Updated)

【Hang Seng Index / Hang Seng / HS / HSI / Hong Kong Stocks / Night Futures / ADR】 Northbound funds today withdrew 11.48 billion HKD, mainly selling index ETFs, including the Tracker Fund (02800) which saw 8.82 billion HKD outflow. The China Index ETF (02828) experienced 1.82 billion HKD net selling, while Southbound funds sold 460 million HKD of China-Hong Kong Stock Connect stocks, including Longfei Optical Fiber Cable (02829) and Tencent (00700), with net sales of 700 million and 630 million HKD respectively. Conversely, Yau Ma Tei Securities (01428) attracted 1.23 billion HKD net buying after resumption, while Xiaomi (01810) and Alibaba (09988) had net purchases of 300 million HKD each.

Northbound Fund Movements:

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Hang Seng Index gains 34 points, regains 26,000; Meituan rebounds 2%; Yau Ma Tei Securities surges over 46% after resumption; MTR Corporation pulls back 20%.

Hong Kong stocks remain stable but have not yet stabilized above 26,000. The Hang Seng Index opened 104 points higher at 25,938, reaching a high of 26,250 in early trading, then gradually narrowed gains, closing up 34 points at 25,868 with a turnover of 268.26 billion HKD. The Tech Index dipped nearly 0.1% to 5,107. Yau Ma Tei Securities (01428) surged over 46% after resumption. Meituan (03690) rose 2%, Tencent (00700) fell over 1%, Geely (00175) gained over 4%, and Xunlei (03317) soared over 30%.

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US Markets update continuously, see next page for details

Financial Daily:

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Market Trends:

【19:35】 Hang Seng Night Futures up 68 points, at 25,957.

【18:29】【2013 Earnings】Weimob (2013) reported a net profit of 42.4 million HKD after adjustments, marking its first annual profit since listing. Operating cash flow turned positive.

【18:10】【Tencent-related earnings】China Literature (0772) posted an adjusted profit of 860 million RMB, down 24.8% year-on-year.

【18:02】【TME earnings】Tencent Music (TME) pre-market down 1%; Q4 adjusted EPS increased 9%, final dividend up 33% to 12 cents.

【17:58】【Mao Ji Kui Chong 1716】On debut day after resumption, Ken Lo (Ken Sir) cashed out 24.5 million HKD.

【17:45】【Property sector warning】Sunac (1918) expects 2022 losses to narrow sharply to 12 billion RMB, mainly due to offshore debt restructuring gains.

【17:40】【Shareholding concentration】CSRC flags Zhongju Investment (01716) with highly concentrated equity, less than 10% free float, risking volatility.

【17:30】Sino Insurance (01339) announced 2025 strategic plan: “New Sunshine Strategy” to deepen implementation, emphasizing responsibility and accountability.

【17:15】【HKD fixed deposit】HKD fixed deposit rates from 15 to 21 cents; 18 banks offer quick-turnaround rates, details on each.

【16:56】【823 Major Bank Report】Link REIT (0823) Q3 rental renewal rate worsened to -9.7%; broker notes sale of non-core assets is a strategic focus, buyback potential increases.

【16:45】【2638 Earnings】CLP (02638) net profit rose 1.2% to over 3.1 billion HKD; final dividend 16.09 cents; gas-fired power accounts for about 69%.

【16:10】 Hang Seng Index up 34 points, at 25,868; turnover 268.26 billion HKD; Tech Index down nearly 0.1%, at 5,107. Yau Ma Tei Securities (01428) surged over 46%, Meituan (03690) up 2%, Tencent (00700) down over 1%, Geely (00175) up over 4%, Xunlei (03317) up over 30%.

【16:00】 Hang Seng U-Share futures up 61 points, at 25,895; turnover 259.07 billion HKD.

【15:45】 Sinopec (0386) down over 3%, low at HKD 6.26.

【2386】 Sinopec’s special dividend due to two-year contract exceeding 100 billion RMB; Middle East projects temporarily suspended, no major impact expected.

【15:38】 Hong Kong stocks continue to rise about 25 points towards close.

【15:14】 Longi Fiber Optic Cable (06869) drops over 12%, low at HKD 140.

【15:12】 Tencent (00700) to announce earnings tomorrow; down over 1%. Alibaba (09988) up 0.7%, Meituan (03690) up 2%, Xiaomi (01810) up 0.2%.

【14:50】 Market gains about 25 points, Tech Index down 0.3%.

【14:39】 HKEX (00388) turns down 0.4%, low at HKD 403.6.

【14:08】【Private Credit】 HKMA probes private banks on private lending risks; private bankers arrange activities to soothe investor sentiment.

【13:45】 Hang Seng Index’s gains narrow further to about 100 points, at 25,935, below 26,000.

【13:42】【IPO news】Bloomberg reports China restricts red-chip companies from listing in Hong Kong; suggests dismantling red-chip structures.

【13:28】 Market’s gain narrows to about 170 points, struggling around 26,000.

【13:11】 Mao Ji Kui Chong (01716) falls over 18%, low at HKD 3.15.

【13:02】 Hang Seng early afternoon up about 246 points, at 26,080; turnover HKD 142.9 billion; Tech Index up 1.2%, at 5,172.

【13:01】 HKEX (01044) post-earnings rise over 4%, high at HKD 28.92.

【12:55】【9988 Analysis】Alibaba “three consecutive rises” ahead of earnings release; analysis: “Aircraft carrier-style business” rebounds to January high, nearly 10% return.

【12:49】【AI+9988】Alibaba up over 2%; launches global enterprise platform “Wukong.”

【12:38】【1810】Xiaomi shares up 2%; new SU7 launched Thursday, featuring Xiaomi Jiao Long chassis; Lei Jun explains why “Asian Flying Man” Su Bingtian is brand ambassador.

【12:26】【HK Stock Analysis】 Hong Kong stocks rose over 400 points with external markets; Fuchang: Middle East instability may boost local investment, “personal safety” becomes an advantage.

【12:01】【Blue Chip 1044 Earnings】HKSE (01044) annual profit up 10% year-on-year; maintains final dividend of 0.7 RMB.

【12:00】 Half-day, Hang Seng up 254 points, at 26,088; back above 26,000; turnover HKD 140.18 billion; Tech Index up 1.3%, at 5,180. Meituan (03690) up nearly 4%, Alibaba (09988), Xiaomi (01810) up over 2%, Geely (00175) up over 5%, Pop Mart (09992) up over 4%, CATL (03750) hits HKD 685 then down 2%, CNOOC (00883) down 3%, PetroChina (00857) down over 1%, Yau Ma Tei Securities (01428) surges nearly 66%.

【11:31】【Iran Situation】John Lee: Government monitors price changes, ensures stable energy supply; collusion in pricing will be handled legally.

【11:23】CNOOC (00883) down 4%, low at HKD 28.26; PetroChina (00857) down over 1%.

【11:16】【1211 Analysis】BYD (002594) included in NVIDIA’s autonomous driving partnership; stock rebounds to red-chip level; Fuchang: fierce domestic competition, overseas expansion attractive.

【11:03】【AI+9988】Baidu’s Xiaodu to launch “Home-use Little Lobster”; “Available anytime, for the whole family, in a closed loop.”

【10:57】CKH (00001) up over 1%, high at HKD 60.1.

【CKH port sale】CKH’s Panama port subsidiary: after weeks of illegal takeover by Panama government, ignoring rule of law and refusing to return investors’ assets.

【10:44】【NVIDIA】NVIDIA partners with BYD, Geely to develop L4 autonomous vehicles.

【10:32】Hang Seng Index once rose 416 points, high at 26,250; latest up about 321 points, at 26,155. Meituan (03690) up over 4%, Yau Ma Tei Securities (01428) up 71%.

【10:32】Longi Fiber Optic Cable (06869) drops over 7%, low at HKD 142.2.

【10:13】Mao Ji Kui Chong (01716) retraces, down 10%, low at HKD 3.2.

【10:11】New World (00017) up 0.3%, high at HKD 9.53.

【Chow Tai Fook family】Chow Tai Fook Enterprises reportedly seeks refinancing for June maturing loan of 7.3 billion HKD.

【10:06】Market gains expand to 400 points, back above 26,200.

【10:04】Chow Sang Sang (00116) profit alert, shares up over 8%, high at HKD 14.54.

【09:43】Profit alert for Chow Sang Sang: last year’s profit from core operations was HKD 1.6-1.7 billion, up 107-120% year-on-year.

【10:00】Early trading, Hong Kong stocks up over 300 points, back above 26,000; Hang Seng at 26,161, up 327; turnover HKD 59.7 billion; Tech Index up 1.7%, at 5,199. Alibaba (09988), Xiaomi (01810) up nearly 3%; Meituan (03690) up over 3%.

【AI Agent】Alibaba establishes Alibaba Token Hub business group.

【09:43】Leap Motor (09863) up over 4% after earnings, high at HKD 46.66.

【9863 Earnings】Leap Motor turned profitable last year, earning over 500 million RMB; exploring diversified cooperation with Stellantis.

【09:43】Zijin (02899) up 0.4%; Zijin Gold International (02259) up 0.5%; Zhaojin (01818) up 0.5%; Shandong Gold (01787) up 0.4%; Lingbao Gold (03330) up 0.4%; Lingbao Gold down 1%.

【Gold Price Trend】Gold remains near $5,000, supported by softening USD and market assessment of emergency oil reserves release.

【09:22】 Hang Seng opens 104 points higher at 25,938, challenging 26,000; turnover HKD 3.88 billion; Tech Index up 0.5%, at 5,137. Yau Ma Tei Securities (01428) surges over 64%, Alibaba (09988) up 0.9%, CATL (03750) up over 1% to new high, Baidu (09888) down over 2% in contrast.

【1428】NDRC approves Ant Group’s investment in Yau Ma Tei Securities; trading resumes on 3.17.

【09:04】Hang Seng futures up about 52 points, at 25,852.

【07:47】【Xi-Trump Meeting】Trump delays China visit by about a month, citing war and other reasons.

【07:45】【Morning Brief】Nvidia’s Huang Renxun expects next year’s chip revenue to reach $1 trillion or “still too conservative”; NDRC approves Ant Group’s investment in Yau Ma Tei Securities; Google to expand Gemini to all Hong Kong users.

【07:45】Oil prices and USD index continue to decline; night futures close up 143 points at 25,894; Chinese concept stocks’ gains narrow to 1%, at 7,215; Baidu ADRs in US down in contrast.

| ADR | HKD Equivalent | Change from HK Market Close | | Baidu US | 119.22 | -3.00% | | Meituan ADR | 77.68 | -0.79% | | Tencent ADR | 562.77 | +0.77% | | HSBC ADR | 125.77 | +1.18% | | Alibaba US | 133.81 | -0.14% |

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】As G7 countries begin releasing oil reserves, short-term supply is ample, but Iran crisis persists. Trump states he has postponed his China visit by about a month due to ongoing war with Iran, reflecting expectations on Iran conflict duration. Dow Jones up 387 points, at 46,946; S&P 500 up 1%, at 6,699; Nasdaq up 1.2%, at 22,374.

See US Market Close: