Last Monday (12th), China and the US released the “Joint Statement on China-US Economic and Trade Meeting in Geneva”, with tariff cuts exceeding expectations, boosting sentiment and driving the overall rebound in the Hong Kong stock market, CICC released a research report saying.

However, as the favorable sentiment is gradually digested, the market returned to oscillations recently. The tariff cut had a significant moderating effect on market sentiment and fundamentals in the US and China, while market sentiment recovered rapidly.

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In terms of individual stocks, stocks with the largest shareholding increase are CCB (00939.HK)  +0.080 (+1.168%)    Short selling $129.18M; Ratio 10.186%   , BANK OF CHINA (03988.HK)  +0.030 (+0.647%)    Short selling $170.98M; Ratio 28.878%   , CM BANK (03968.HK)  +0.150 (+0.309%)    Short selling $68.35M; Ratio 26.147%   and others, stocks with the largest shareholding decrease are TENCENT (00700.HK)  +1.500 (+0.292%)    Short selling $574.21M; Ratio 14.112%   , XIAOMI-W (01810.HK)  +2.050 (+3.916%)    Short selling $706.67M; Ratio 9.641%   and SMIC (00981.HK)  +0.550 (+1.296%)    Short selling $58.05M; Ratio 4.327%   , etc..

CICC expected Hong Kong stocks to remain volatile in the short term, and may not even rule out retracement. The broker also suggested active intervention during downturn and moderate profit-taking during exuberance.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-20 12:25.)