Mar 2026 , Hong Kong’s shipping industry reached a pivotal moment in its green transition: Sinopec CNOOC Fuel Supply, a subsidiary of COSCO SHIPPING Group, together with Sinopec Hong Kong and CMG RoRo, successfully completed Hong Kong’s first green methanol bunkering operation , while also setting a national first record for green methanol bunkering at anchorage , marking Hong Kong’s official entry into a new stage of bunkering green alternative marine fuels. The operation was carried out throughout by the “Daqing 268” vessel , independently operated by Sinopec CNOOC Fuel Supply. The vessel was China’s first methanol dual-fuel powered bunkering ship for both oil products and chemicals, featuring advanced technical performance and independently controllable core equipment. Its propulsion system achieved 100% localisation and adopted a dual-fuel drive mode using methanol and conventional fuels. The vessel is 109.9 meters in length, has a deadweight of 7,500 mt, and a total tank capacity of 10,362 m³. It can transport and bunker multiple clean energy products, including methanol, biodiesel, and fuel oil, meeting the needs of multiple batches and multiple bunkering standards. It is also legally qualified to operate on Hong Kong and Macao routes, making it a critical link in green shipping services connecting the Guangdong-Hong Kong-Macao Greater Bay Area. The successful completion of the first bunkering operation through the coordination of multiple central state-owned enterprises fully demonstrated their collaborative strength in the field of green shipping. It not only aligned with the Hong Kong SAR Government’s green shipping plans, but also laid a solid foundation for the future normalised development of green methanol bunkering business between mainland China and Hong Kong and Macao.

Gold is a widely known safe-haven asset and tends to benefit during geopolitical turmoil, but the metal has remained largely range-bound amid the latest Middle East conflict involving Iran, the United States and Israel.

Hong Kong is accelerating its drive to become a global gold trading hub, in a move that supports China’s broader ambition to strengthen its influence over international bullion markets amid a shifting geopolitical landscape and record-high prices.

China’s net gold imports via Hong Kong in January rose by 68.7% from December, Hong Kong Census and Statistics Department data showed on Friday.

The Chinese provider of LiDAR and perception systems, RoboSense, commenced trading on the Hong Kong Stock Exchange's main board on January 5 under the code 2498.

S&P Global released a report on May 4 showing that the S&P Global Hong Kong SAR PMI edged down to 52.4 from 53.5 in April

Today, the three major indices of Hong Kong stocks extended their gains. By the close, the Hang Seng Index rose 1.07% to close at 23,906.97 points; the Hang Seng Tech Index climbed 1.93% to close at 5,319.96 points; and the Hang Seng China Enterprises Index gained 1.26% to close at 8,684.73 points. Note: Performance of the Hang Seng Index Notably, the Hang Seng Index has risen for three consecutive days. The Hang Seng Tech Index has followed a similar trend over the same period. Today's Market In terms of market performance, individual stocks in the semiconductor and real estate sectors strengthened, while those in the pharmaceutical, tea beverage, and shipping sectors weakened. Semiconductor Stocks Lead the Market By the close, Hongguang Semiconductor (06908.HK), Hua Hong Semiconductor (01347.HK), and SMIC (00981.HK) rose 10.87%, 4.23%, and 4.19%, respectively. Note: Performance of semiconductor stocks In terms of news, the World Semiconductor Trade Statistics (WSTS) released a report stating that the global semiconductor market size will reach $700.9 billion in 2025, up 11.2% YoY. In terms of market segments, the growth in the semiconductor market this year will be led by increases in logic and memory: both markets are driven by sustained demand in areas such as AI, cloud infrastructure, and advanced consumer electronics, with double-digit YoY growth rates. Policies Continue to Stimulate Real Estate Stocks By the close, Midea Real Estate (03990.HK), China Resources Land (01109.HK), and China Overseas Land & Investment (00688.HK) rose 4.38%, 3.56%, and 1.69%, respectively. Note: Performance of real estate stocks China Index Academy stated in an article that the total bond financing of national real estate enterprises in May was 28.88 billion yuan, up 23.5% YoY. In terms of financing structure, corporate bond financing in the real estate sector was 11.17 billion yuan in May, up 5.8% YoY, accounting for 38.7%; ABS financing was 17.71 billion yuan, up 38.1% YoY, accounting for 61.3%. The average interest rate for bond financing was 2.35%, down 0.43 percentage points YoY and 0.41 percentage points MoM. China Galaxy Securities analyzed that the continuous optimization of the policy environment has driven the recovery of financing for real estate enterprises. The premium transactions of high-quality land plots in core cities indicate a restoration of market confidence, and there is significant room for valuation recovery for real estate enterprises with high-quality land reserves. Most Pharmaceutical Stocks Adjusted By the close, SinoMab BioScience (03681.HK), Harbour BioMed (02142.HK), and Giant Biogene Holding (02367.HK) fell 17.19%, 9.83%, and 8.70%, respectively. Note: Performance of pharmaceutical stocks In terms of news, this adjustment was mainly influenced by profit-taking. Taking SinoMab BioScience as an example, the stock has risen by more than 110% over the past four trading days. Soochow Securities has cautioned that after the rapid rise of the innovative drug sector, attention should be paid to the valuation match, and it is recommended to focus on enterprises with international BD capabilities and commercialization implementation. Tea beverage stocks retreat after hitting new highs By the close of trading, Gu Ming (01364.HK), Mixue Group (02097.HK), and Cha Baidao (02555.HK) fell by 7.97%, 7.72%, and 7.72%, respectively. Note: Performance of tea beverage stocks In terms of news, analysts from Everbright Securities International stated that the valuations of some consumer stocks have already factored in growth expectations, and it is necessary to pay attention to the validation of same-store sales data in Q2. It is recommended to differentiate and treat targets with the ability to continuously expand stores. Other new consumer stocks also weaken simultaneously Laopu Gold (06181.HK), Maogeping (01318.HK), and Blukoo (00325.HK), which are also new consumer stocks listed in Hong Kong, also experienced adjustments, falling by 9.05%, 6.67%, and 3.64%, respectively. Taking Laopu Gold as an example, the market is concerned about the liquidity pressure brought by the lifting of the 69.05 million share lock-up at the end of June. In addition, the stock has accumulated a gain of 212% year-to-date. Individual stock movements Dongfeng Motor's H-shares plummet over 14%; controlling shareholder clarifies no restructuring plans for now Dongfeng Motor Group (00489.HK) fell by 14.45% to close at HK$3.61. According to an announcement in the morning, the controlling shareholder stated that it is currently not involved in any business restructuring. Xindong Games surges over 8% during trading; "Etheria" international server launches today Xindong Games (02400.HK) rose by 8.25% to close at HK$40. In terms of news, the strategy turn-based RPG mobile game "Etheria" developed by Xindong Games will officially launch its international server on June 5. Kaiyuan Securities believes that following the impressive performances of "Muffin Adventure" and "Xindong Town," which were launched in 2024, the launch of "Etheria" may further drive Xindong Games' earnings growth. Citi previously pointed out that the company may have more catalysts in H2, namely the launch of "Etheria" in mid-year and the overseas version of "Xindong Town" in H2. JL MAG Rare-Earth's H-shares surge over 12%; China's rare earth export controls trigger sharp jump in overseas rare earth prices JL MAG Rare-Earth (06680.HK) rose by 12.13% to close at HK$18.86. In terms of news, affected by China's rare earth export controls, overseas medium-heavy rare earth prices jumped by 15% in a single week. Guotai Junan Securities expects that the widening price spread between domestic and overseas markets will drive profit improvements for rare earth permanent magnet enterprises, with enterprises possessing overseas channel advantages benefiting significantly.

On the evening of June 6, Millison announced that in order to actively expand overseas markets and enhance international competitiveness, it plans to establish wholly-owned subsidiaries in Hong Kong and overseas.

Boosted by the positive news from the China-US economic and trade talks, the three major indices of Hong Kong stocks strengthened across the board. At the close, the Hang Seng Index rose by 2.98% to close at 23,549.46 points; the Hang Seng Tech Index rose by 5.16% to close at 5,447.35 points; and the HSCEI rose by 3.01% to close at 8,559.23 points. Note: Performance of the Hang Seng Index and the Hang Seng Tech Index Joint statement on China-US economic and trade talks in Geneva boosts market confidence The joint statement on China-US economic and trade talks in Geneva was released on the website of the Ministry of Commerce. According to the statement, China will reduce tariffs on US goods from 125% to 10% within 90 days, while the US will reduce tariffs on Chinese goods from 145% to 30% within the same period. Spurred by this news, the Hang Seng Tech Index once surged over 6% in the final trading session today, while the Hang Seng Index also rose over 3% during the same period. Short-selling data in the market Today's market In terms of market performance, stocks in the technology, consumer electronics, military, automotive, and shipping sectors led the gains, while pharmaceutical and gold stocks declined. Technology stocks boosted by positive news At the close, Alibaba-W (09988.HK), Baidu Group-SW (09888.HK), and Tencent Holdings (00700.HK) rose by 6.15%, 5.03%, and 4.63%, respectively. Note: Performance of technology stocks In terms of news, technology stocks were boosted by the positive news from the China-US meeting. Similarly, consumer electronics stocks also strengthened due to this news. At the close, Cowell E Holdings (01415.HK), AAC Technologies Holdings (02018.HK), and Sunny Optical Technology (Group) (02382.HK) rose by 18.45%, 15.37%, and 14.83%, respectively. Note: Performance of consumer electronics stocks Military stocks continue to rise At the close, AVIC Aero-Engine Controls (02357.HK), CSSC Offshore & Marine Engineering (Group) (00317.HK), and Continental Aviation Technology Holdings (00232.HK) rose by 7.75%, 4.21%, and 2.68%, respectively. Note: Performance of military stocks In terms of news, the ceasefire agreement between India and Pakistan officially took effect on the afternoon of May 10 (local time). During the conflict, the Pakistan Air Force achieved significant success. It is reported that Pakistan is a major exporter of weapons and equipment to China. In a previous research report, Kaiyuan Securities stated that the rebalancing of global military power will bring more uncertainties to the capital market, and the "geopolitical risk premium" of assets may lead to a revaluation of the risk-averse attributes of military stocks. Most auto stocks strengthened By the close, XPeng Motors-W (09868.HK), NIO-SW (09866.HK), and Li Auto-W (02015.HK) rose by 10.64%, 7.69%, and 7.23%, respectively. Note: Performance of auto stocks In terms of news, in addition to the positive impact of the China-US talks mentioned at the beginning, data released by the China Association of Automobile Manufacturers (CAAM) showed that for the first four months of this year, domestic automobile production and sales both exceeded 10 million units for the first time in history. During this period, automobile production and sales reached 10.175 million units and 10.06 million units, respectively, representing year-on-year increases of 12.9% and 10.8%. For new energy vehicles (NEVs), production and sales reached 4.429 million units and 4.3 million units, respectively, in the first four months, with year-on-year increases of 48.3% and 46.2%. NEV sales accounted for 42.7% of total new vehicle sales. COSCO Shipping Holdings led gains in shipping stocks By the close, COSCO Shipping Holdings (01919.HK), COSCO Shipping Development (02866.HK), and Orient Overseas International (00316.HK) rose by 8.52%, 5.43%, and 4.78%, respectively. Note: Performance of shipping stocks In terms of news, the main contract of SCFIS(Europe) futures experienced abnormal movements in the final trading session today, surging rapidly and hitting the daily limit, closing up 16%. Pharmaceutical stocks faced downward pressure due to negative news By the close, Alphamab Oncology-B (09966.HK), BeiGene (06160.HK), and Harbour BioMed-B (02142.HK) fell by 12.81%, 8.97%, and 8.79%, respectively. Note: Performance of pharmaceutical stocks In terms of news, US President Trump stated that he would sign an executive order on Monday to immediately reduce prescription drug and medicine prices in the US by 30% to 80%. Gold stocks extended recent losses By the close, Lingbao Gold (03330.HK), Chifeng Jilong Gold Mining (06693.HK), and Zhaojin Mining (01818.HK) fell by 11.23%, 11.07%, and 7.55%, respectively. Note: Performance of gold stocks In terms of news, this morning, after China announced that the China-US meeting had reached "important consensus," international gold prices continued to pull back. As of press time, international gold prices fell 3.44% to $3,228.8 per ounce. Individual stock movements Melco International Development rose nearly 7%; subsidiary Melco Resorts' adjusted EBITDA increased 14% in Q1 Melco International Development (00200.HK) rose 6.89% to close at HK$4.03.In terms of news, the company announced recently that its subsidiary, Melco Resorts & Entertainment, reported Q1 results with total operating revenue of US$1.23 billion, up 11% YoY, mainly due to improved performance in all gaming and non-gaming operations. JD.com Inc. rises over 6%, set to release Q1 results tomorrow JD.com Inc.-SW (09618.HK) rose 6.39% to close at HK$139.9. In terms of news, the company will release its Q1 results after the Hong Kong stock market closes on the 13th. Tianfeng Securities expects revenue in Q1 to increase 11.9% YoY to RMB291 billion.

On March 20, the Hong Kong Special Administrative Region of China’s Office for Attracting Strategic Enterprises held the OASES Partnership Signing Ceremony, welcoming a new batch of key enterprise...