港股一线｜恒指周线五连阳逼近23000点，消费类企业掀赴港上市热潮

Market Performance - The Hong Kong stock market showed a mixed performance last week, with the Hang Seng Index rising by 1.61% to close at 22,867.74 points, marking five consecutive weeks of gains [1] - The Hang Seng Tech Index fell by 1.22% to 5,180.25 points, while the National Enterprises Index increased by 0.95% to 8,308.83 points [1] Economic Factors - The market's upward movement was primarily driven by a package of financial policies introduced by relevant authorities and the positive sentiment from high-level Sino-U.S. trade talks [1] - These developments improved risk appetite marginally and conveyed a clear message from policymakers to stabilize the market and expectations, enhancing investor confidence [1] IPO Market Activity - The IPO market remains active, with two new stocks, Boleton and Hu Shang Ayi, listed on May 7 and May 8, respectively [2] - Boleton, a leader in the new energy engineering machinery sector, saw its shares rise by 50% on debut, reaching a market capitalization of HKD 10.251 billion [2] - Hu Shang Ayi's shares opened at HKD 190.6, a 68.5% increase from its issue price of HKD 113.12, continuing the trend of strong performance in the beverage sector [2] Company Insights - Hu Shang Ayi has expanded its store network to 9,367 locations and is recognized as the third-largest mid-priced tea beverage brand in China [3] - The company operates on a light asset franchise model, with 99.7% of its stores being franchises, contributing over 96% of its total revenue [3] Market Trends - The first quarter of 2025 saw a strong continuation of IPO activities in Hong Kong, with 17 companies raising a total of HKD 18.7 billion, nearly four times the amount raised in the same period of 2024 [3] - The trend of consumer brands seeking to list in Hong Kong is driven by factors such as improved liquidity, valuation advantages, and the influx of companies due to stricter IPO standards in the A-share market [4] Monetary Policy - The Hong Kong Monetary Authority injected a record HKD 60.543 billion into the market on May 6, marking the third instance of intervention since May 3 [5] - Cumulatively, the authority has injected over HKD 116.6 billion to stabilize the Hong Kong dollar, which is pegged to the U.S. dollar under a linked exchange rate system [5]