The Hong Kong stock market thrived in the first half of the year, leading the revaluation of Chinese asset values

In the first half of 2025, the Hong Kong stock market experienced a vigorous upward trend, with the Hang Seng Index rising 20% compared to the beginning of the year; the Hang Seng TECH Index and the Hang Seng China Enterprises Index increased by 18.68% and 19.05% respectively, painting a bullish picture for the three major indices. The influx of funds has driven the bull market, with net inflows of southbound funds exceeding HKD 730 billion in the first half of the year, setting a historical high for the same period. Analysts believe that this round of market performance in Hong Kong not only reversed the long-standing valuation discount dilemma but also led to a re-evaluation of the value of Chinese assets within the global asset allocation system