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Market Overview - The Hong Kong stock market demonstrated resilience in the first half of 2025, with the Hang Seng Index rising 20%, the National Enterprises Index increasing by 19.05%, and the Hang Seng Technology Index up by 18.68% as of June 30 [1] - All 12 sectors in the Hong Kong market experienced positive growth, with materials, new consumption, and biomedicine being the core areas of focus for capital [1] Sector Performance - The materials sector led with a gain of 52.41%, followed by healthcare at 47.83%, and information technology at 34.38% [2] - Other notable sectors included financials (32.11%), essential consumption (27.74%), and discretionary consumption (26.83%) [2] Top Performing Stocks - In the materials sector, top performers included: - Lingbao Gold (03330.HK) with a 259.45% increase and a market cap of 133.59 billion HKD - Wanqiao Gold Group (03939.HK) up 154.31% with a market cap of 313.77 billion HKD - Shandong Gold (01787.HK) rising 129.53% with a market cap of 1541.70 billion HKD [4] - In the new consumption sector, notable stocks included: - Laoputang Gold (06181.HK) with a 263.19% increase and a market cap of 1499.70 billion HKD - Pop Mart (09992.HK) up 183.37% with a market cap of 3397.65 billion HKD [8] Biomedicine Sector Highlights - The biomedicine sector saw significant growth, with companies like Rongchang Biotech (09995.HK) increasing by 311.11% and Sanofi Biotech (01530.HK) up 261.02% [10][11] - A record number of 18 innovative drug companies applied to list on the Hong Kong Stock Exchange in 2025, indicating strong market interest [10] Capital Flow - Southbound capital continued to flow strongly into the Hong Kong market, with a net buy of 720 billion HKD, focusing on internet, consumption, and pharmaceutical sectors [13] Future Outlook - Analysts suggest that the Hong Kong market may experience a volatile upward trend in the second half of 2025, with a focus on new stocks, dividends, and technology [14] - The market is expected to benefit from supportive policies and a relatively low valuation compared to global equity markets, making it an attractive investment destination [14]