The Hong Kong stock market is booming! The Hang Seng Index has risen above 22,000 points for the first time since October last year

LB Select
2025.02.13 02:18

Hong Kong stocks surged, with the Hang Seng Index standing above 22,000 points for the first time since October last year. Alibaba rose over 3%, with its stock price approaching the high point since October last year. Alibaba Health increased by over 8%, and Baidu rose nearly 5%.

According to the Hong Kong Radio website, the Hong Kong General Chamber of Commerce proposed to expand the cross-border wealth management connect program to other major cities in mainland China and broaden the range of products. Regarding the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, it is suggested to relax the eligibility criteria for "southbound trading" investors and exempt mainland individual investors from the 20% tax on purchasing Hong Kong stocks through the Shanghai-Hong Kong Stock Connect

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