Hong Kong stocks continue to rally, Hang Seng Technology Index up over 2%

By    30 May,2022

Hong Kong stocks continued to rally in Monday's morning trading session, with the Hang Seng Technology Index rising more than 2% and the Hong Kong Hang Seng Index up 1.22%. Among them, Beeping Beili rose more than 6%, Wanguo Data rose 4%, Xiaopeng Auto-W (HK:9868), Meituan-W (HK:3690), Crypto (HK:1024), Jingdong Group, Ali Health, ReadWrite Group, Baidu Group rose more than 3%, Li Ning (HK:2331) rose more than 6%, and Seabed rose 5%.


On May 27, the China Securities Regulatory Commission (CSRC) and the Hong Kong Securities and Futures Commission (SFC) issued a joint announcement that in order to further deepen the interoperability mechanism for trading in the mainland and Hong Kong stock markets (hereinafter referred to as interoperability) and to promote the joint development of the capital markets of the two places, the CSRC and the SFC of Hong Kong agreed in principle that the exchanges of the two places will be eligible for trading open-end funds (exchange-traded funds) into the interconnection.