Core Viewpoint - Morgan Stanley's research report indicates that AIA Group has outperformed the market this year, with its stock price rising 27% from a low of HKD 46 in April 2024, compared to a 23% increase in the Hang Seng Index [1] Summary by Relevant Sections - **Stock Performance** AIA Group's stock price has increased by 27% since April 2024, outperforming the Hang Seng Index which rose by 23% [1] - **Market Focus** The market is likely to focus on the upcoming financial report for the first half of 2025, scheduled for August 22, which may provide new catalysts such as accelerated cash growth, outlook on Hong Kong operations post-regulatory changes, and guidance on total shareholder return (TSR) for 2026 [1] - **Target Price Adjustment** Morgan Stanley has raised its target price for AIA Group from HKD 102 to HKD 105, maintaining an "Overweight" rating due to expectations that the 2026 earnings guidance may be raised or exceed expectations, along with further potential for total shareholder return [1]

| 股票名称 | 沽空金额 | 沽空比率 | 偏离值↓ | | --- | --- | --- | --- | | 美团-WR(83690) | 159.09 万元 | 100.00% | 40.96% | | 华润啤酒-R(80291) | 59.82 万元 | 92.85% | 35.46% | | 洪桥集团(08137) | 2.60 万元 | 39.79% | 35.43% | | 李宁-R(82331) | 9.04 万元 | 100.00% | 32.41% | | 香港中华煤气(00003) | 6072.39 万元 | 55.99% | 31.92% | | 中集集团(02039) | 1462.74 万元 | 45.52% | 31.19% | | 三一国际(00631) | 2441.91 万元 | 49.34% | 31.13% | | 统一企业中国(00220) | 3941.55 万元 | 44.53% | 30.78% | | 中国银行(03988) | 4.15 亿元 | 43.75% | 27.98% | | 龙湖集团(00960) | 4038.38 万元 | 44.47% ...

金融界8月5日消息，上证指数高开高走，中证沪港深互联互通周期指数 (沪港深通周期，H30547)报 2087.84点。 从中证沪港深互联互通周期指数持仓的市场板块来看，上海证券交易所占比44.04%、香港证券交易所 占比41.04%、深圳证券交易所占比14.92%。 从中证沪港深互联互通周期指数持仓样本的行业来看，金融占比58.03%、原材料占比19.29%、工业占 比10.27%、能源占比6.73%、房地产占比5.68%。 资料显示，该指数系列样本每半年调整一次，样本调整实施时间分别为每年6月和12月第二个星期五的 下一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个 定期调整日前，权重因子一般固定不变。特殊情况下将对该指数系列样本进行临时调整。当样本退市 时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处 理。当中证沪港深互联互通综合指数和中证沪港深500指数样本发生变动时，将进行相应调整。 数据统计显示，中证沪港深互联互通周期指数近一个月上涨2.36%，近三个月上涨12.58%，年至今上涨 12.44%。 据了解，"中证沪港深主 ...

知情人士表示，受新加坡金管局提供的税收优惠等激励措施所吸引，部分险企近年来加快将新加坡作为 区域资产管理中心的步伐，尽管保单销售主要在中国香港进行。 智通财经APP获悉，据报道，中国香港及新加坡两大金融中心在人才和资本方面的竞争日益激烈，令资 产管理公司集中度风险的上升，引发对企业外迁的审视。香港保险监管机构于过去一年，持续推动部分 香港大型人寿保险公司，将投资决策职能迁回香港。报道称，这项由香港保险业监管局牵头的行动于去 年初启动，对象包括友邦保险等公司。 ...

Core Viewpoint - Morgan Stanley has slightly raised the target price for AIA Group (01299) by 2.9%, from HKD 102 to HKD 105, while maintaining an "Overweight" rating, primarily due to expected better-than-expected earnings in 2026 and significant potential for shareholder returns [1] Group 1: Stock Performance - AIA's stock has increased by 27% year-to-date, outperforming the Hang Seng Index, which has risen by 23% during the same period [1] Group 2: Positive Factors - Several positive factors appear to be reflected in the stock price, including double-digit business growth, management's confidence in core profit growth, and the strengthening of Asian currencies against the US dollar [1] Group 3: Upcoming Catalysts - The market may focus on new catalysts from the 2025 first-half earnings report, including: 1) the speed of cash increase; 2) the outlook for Hong Kong business under new regulations; 3) overall shareholder return guidance for 2026 [1]

Core Viewpoint - Morgan Stanley has slightly raised the target price for AIA Group (01299) by 2.9%, from HKD 102 to HKD 105, maintaining an "Overweight" rating due to expected better-than-expected earnings in 2026 and significant shareholder return potential [1] Group 1: Stock Performance - AIA's stock has increased by 27% year-to-date, outperforming the Hang Seng Index, which has risen by 23% during the same period [1] Group 2: Positive Factors - Positive factors reflected in the stock price include double-digit business growth and management's confidence in core earnings growth [1] - The strengthening of Asian currencies against the US dollar is also contributing to the positive outlook [1] Group 3: Upcoming Catalysts - Market focus may shift to new catalysts from the 2025 first-half earnings report, including: 1) The speed of cash increase 2) The outlook for Hong Kong business under new regulations 3) Overall shareholder return guidance for 2026 [1]

智通财经APP获悉，周一美股三大指数集体上涨，恒生指数ADR下跌，按比例计算，收报24674.48点，较香港收市跌58.97点或0.24%。 | .HSIADR 恒生指数ADR | | | --- | --- | | 24674.48 ↓ -58.97 -0.24% | | | ■ 可 可 | | | 最高价 24746.92 开盘价 24746.92 | 成交量 3562.57万 | | 最低价 24397.60 昨收价 24733.45 | 平均价 24572.26 | | 52周最高 25638.77 上 涨 -- | 平 智 -- | | 52周最低 16954.46下 跌 -- | 振 幅 1.41% | | 800000 恒牛指数 24733.45 +225.64 +0.92% | | 大型蓝筹股涨跌不一，汇丰控股收报97.005港元，较香港收市涨0.63%；腾讯控股收报551.117港元，较香港收市涨0.20%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADRICH | ADR换算价(HKD) | 较港股升跌 较 | | --- | --- | --- | -- ...

Core Insights - In July, Hong Kong listed companies actively engaged in share buybacks, with a total buyback amount exceeding 10 billion HKD [1] Group 1: Buyback Activity - A total of 73 Hong Kong listed companies conducted share buybacks in July, repurchasing 808 million shares [1] - The total buyback amount reached 10.035 billion HKD [1] Group 2: Leading Companies - The top five companies by buyback amount were Tencent Holdings (3.503 billion HKD), AIA Group (2.704 billion HKD), HSBC Holdings (2.221 billion HKD), WuXi Biologics (597 million HKD), and Yum China (138 million HKD) [1] - These five companies accounted for over 90% of the total buyback amount in July [1] Group 3: Industry Distribution - The share buybacks were primarily concentrated in the sectors of internet technology, finance, healthcare, and non-essential consumer goods [1]

Group 1 - The Hang Seng Index (HSI) closed at 24,337.44, down by 170.37 points or 0.70% [1] - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 96.348, up by 1.15% compared to the Hong Kong close, while Tencent Holdings closed at HKD 533.076, down by 0.36% [2] Group 2 - The ADR performance of major companies showed mixed results, with Tencent Holdings down by 0.36% to HKD 533.076, and HSBC Holdings up by 1.15% to HKD 96.348 [3] - Other notable declines included BYD Company down by 3.74% to HKD 111.859, and Kuaishou Technology down by 5.30% to HKD 70.648 [3]

Core Points - The Shanghai Composite Index decreased by 0.37%, while the CES300 index fell by 0.69%, closing at 4945.28 points with a trading volume of 381.4 billion yuan [1] - The CES300 index has shown a monthly increase of 3.18%, a quarterly increase of 8.06%, and a year-to-date increase of 11.66% [1] - The CES300 index is compiled by China Securities Index Co., Ltd. and reflects the overall performance of eligible securities under the "Shanghai-Hong Kong Stock Connect" and "Shenzhen-Hong Kong Stock Connect" [1] Index Holdings - The top ten holdings of the CES300 index include Tencent Holdings (8.31%), Alibaba-W (5.38%), HSBC Holdings (4.03%), Xiaomi Group-W (2.34%), Kweichow Moutai (2.34%), China Construction Bank (2.29%), AIA Group (1.83%), CATL (1.83%), Meituan-W (1.80%), and Ping An Insurance (1.65%) [2] - The market share of the CES300 index holdings is 51.80% from the Hong Kong Stock Exchange, 29.49% from the Shanghai Stock Exchange, and 18.71% from the Shenzhen Stock Exchange [2] - The industry distribution of the CES300 index holdings shows that finance accounts for 30.07%, consumer discretionary for 15.53%, communication services for 13.56%, information technology for 9.29%, industrials for 8.80%, consumer staples for 6.18%, healthcare for 5.23%, materials for 3.58%, energy for 2.87%, utilities for 2.82%, and real estate for 2.08% [2] Fund Tracking - Public funds tracking the CES300 index include Dachen China-Hong Kong Stock Connect 300C and Dachen China-Hong Kong Stock Connect 300A [3]