HSBC Global Research’s report noted that Chinese authorities announced a basket of market-stabilizing financial policies on May 7, aimed at boosting credit growth, lowering financing costs, and supporting capital market development. These measures are predicted to broadly benefit banks, insurers, and brokers. Relaxed equity investment rules for insurers may drive more capital into high yielders. HSBC Global Research’s top picks were HKEX (00388.HK)  +5.200 (+1.416%)    Short selling $475.10M; Ratio 16.026%   , BOC HONG KONG (02388.HK)  +0.600 (+1.872%)    Short selling $186.01M; Ratio 35.991%   , CCB (00939.HK)  +0.040 (+0.605%)    Short selling $171.74M; Ratio 9.475%   , ICBC (01398.HK)  +0.040 (+0.738%)    Short selling $169.00M; Ratio 19.226%   , PING AN (02318.HK)  -0.500 (-1.064%)    Short selling $150.89M; Ratio 9.733%   , and CICC (03908.HK)  -0.420 (-2.897%)    Short selling $13.42M; Ratio 6.567%   .

While rate cuts and RRR reductions were anticipated, HSBC Global Research highlighted the policies’ extensive scope as a positive surprise for capital markets. Lower domestic interest rates and ample liquidity are expected to channel more funds into Hong Kong, boosting fee income and market trading volumes of institutions. The CSRC also plans to accelerate IPO approvals. HSBC Global Research lowered CICC’s target price from HKD21.6 to HKD20.4, maintaining a Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-09 16:25.)

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