Hong Kong stock market value surpassed Japan, climbed the third place in the world, and rose 17% this year.

The Hong Kong stock Hang Seng Index has accumulated a cumulative increase of 16.5% year-to-date. According to Bloomberg statistics, the Hong Kong stock market value reached 5.78 trillion US dollars (about 45 trillion Hong Kong dollars) as of the end of the year. Since the Hong Kong stock market in 2015, it has surpassed the Japanese stock market for the first time and became the world’s third. Big, second only to the US stock market and the mainland stock market. Although the Hang Seng Index fell 0.13% yesterday and closed at 30,119 points, the Nikkei index fell more, reaching 0.53%. The analysis believes that the momentum of the Hong Kong stock market “riding” Japanese stocks will continue for some time, as Hong Kong stocks will be driven by A-shares in the future, and Japanese stocks have no new growth momentum.

Hang Seng Index fell slightly by 37 points to protect 30,000

The Hang Seng Index was in a downtrend all day and the main board turnover continued to be active, reaching 112.6 billion yuan. US stocks fell 190 points on Tuesday. After the HSI opened more than 100 points yesterday, it once fell below 30,000, and the lowest was 29,892 (down 264). Since then, the mainland stock market has turned down, and the decline of Hong Kong stocks has gradually narrowed. It closed only 37 points (0.13%), but the two consecutive gains stopped. The Hang Seng Index closed at 30,116 points, down 5 points, and dropped 4 points. At 1:50 am, the ADR Hong Kong stock index was 30136 points, 17 points higher than the Hong Kong market.

The HSCEI closed at 11,764 points yesterday, down 51 points (0.43%). The market short-selling ratio was 11.6%, a decrease of 0.56 percentage points from the previous day. The net inflow of “Hong Kong Stock Connect” was 1.08 billion yuan. The mainland stock market fell first and then rose. The Shanghai Composite Index closed at 3,241 points, up 2 points. The Shenzhen Composite Index closed at 10,435 points, down 1 point, and the Shanghai and Shenzhen stock exchanges totaled 900 billion yuan.

Bloomberg reported that as of Tuesday, the Hong Kong stock market value reached 5.78 trillion US dollars, surpassing the Japanese stock market of 5.76 trillion US dollars, becoming the world’s third largest stock market. In fact, the Hang Seng Index has risen 16.5% this year, clearly outperforming the 8.4% increase in the Nikkei 225 Index, and the Hong Kong stock market has surpassed Japan. Although the Hang Seng Index fell yesterday, Japanese stocks performed even worse. The Nikkei index fell 0.53%, and the Topix index fell nearly 0.7%. The Hong Kong stock market value is expected to continue to pressure Japanese stocks. At present, the global brother is a US stock with a market value of about 31.28 trillion US dollars. The A stock market value is about 7.6 trillion US dollars, followed closely.

Car stocks against the market, Changzhou Automobile, 6.3%

Shao Zhiming, senior investment strategist of Credit Suisse Asia Pacific, maintains a bullish optimistic view of the Greater China stock market. The Shanghai Stock Index has a target of 3,400 points. The A-shares have driven the H-shares to continue to rise. In contrast, Japanese stocks have not seen any new growth momentum. The target for the Dongzheng Index is 1600 points (1607 points yesterday). He expects Hong Kong stocks to be consolidated in the short-term. In view of the fact that many investors have not entered the market since the beginning of the year, I believe that the downward pressure is not big, and driven by A-shares, Hong Kong stocks will have room for upward adjustment in the next three months. Since the beginning of this year, the momentum of foreign investors buying Hong Kong stocks through ETFs (Exchange Traded Funds) has continued. According to the Furi report, as of the end of last month, the Hong Kong stock ETF recorded a net inflow for 19 consecutive weeks, involving US$1.576 billion.

In addition, Chinese financial stocks weakened almost completely yesterday. However, Tencent Holdings (00700) and AIA (01299) rose 1.36% and 0.7% respectively, which helped Hong Kong stocks recover a lot of losses.

Shanghai is studying to promote the replacement of fuel vehicles into new energy vehicles. The auto stocks have also improved against the market. Geely Automobile (00175) rose nearly 2.2%, and Great Wall Motor (02333) rebounded 6.26%.