美联储利率决议本周重磅来袭，腾讯申请300亿美元中期票据计划

Market Overview - On September 12, Hong Kong's three major indices collectively rose, with the Hang Seng Index up 1.16% to 26,388.16 points, the Hang Seng Tech Index up 1.71% to 5,989.27 points, and the National Enterprises Index up 1.13% to 9,364.94 points [1] - Weekly performance showed the Hang Seng Index increased by 3.82%, the Hang Seng Tech Index by 5.31%, and the National Enterprises Index by 3.4% [1] - Notable stocks included Baidu Group rising over 8%, Alibaba up nearly 5.5%, Kuaishou up over 2.5%, and Tencent Holdings up over 2% [1] Southbound Capital - On September 12, southbound capital net bought Hong Kong stocks worth 73.31 billion HKD; the total net purchase for the previous week reached 608.22 billion HKD [2] - Year-to-date, southbound capital has net bought Hong Kong stocks totaling 1,072.88 billion HKD, significantly exceeding last year's total net inflow [2] U.S. Market Performance - U.S. stock indices showed mixed results, with the Dow Jones down 0.59%, S&P 500 down 0.05%, and Nasdaq up 0.44%, continuing to set historical highs [3] - The U.S. tech giants index rose by 1.14%, with Tesla increasing over 7% and Apple up over 1% [3] Key News - The Federal Reserve is set to announce its September interest rate decision on September 18, with a 100% probability of a rate cut, including a 96.4% chance of a 25 basis point cut [4] - Tencent Holdings announced a global medium-term note program totaling 30 billion USD, set to be listed on September 16, 2025, and issued only to professional investors [4] Short Selling Data - On September 12, 643 Hong Kong stocks were short-sold, with a total short-selling amount of 32.827 billion HKD [5] - The top three stocks by short-selling amount were Alibaba at 5.602 billion HKD, Tencent Holdings at 2.725 billion HKD, and Baidu Group at 2.062 billion HKD [5] Institutional Insights - Galaxy Securities noted that expectations of interest rate cuts combined with AI developments are favorable for Hong Kong stocks [6] - Suggested sectors for investment include high-growth consumer discretionary and healthcare sectors with low valuations, AI industry chain, and high-dividend financial sectors for stable returns amid uncertainties [6] Hong Kong Related ETFs - Focus on Hong Kong's new consumer and technology sectors through ETFs, including the Hong Kong Consumer ETF (513230) and the Hang Seng Tech Index ETF (513180) [7]