Guodu Securities Hongkong·2025-07-09 02:02Group 1: Market Overview - The report indicates that the trade war is expected to ease, which may lead to a positive market outlook for Hong Kong stocks [3] - The Hang Seng Index rebounded after three consecutive days of decline, closing up 260 points or 1.1% at 24,148, with a total turnover of 213.29 billion [3] - The performance of the A-share market has positively influenced the Hong Kong market, contributing to the recovery of the Hang Seng Index [3] Group 2: Bond Market Developments - The report highlights that the Hong Kong Monetary Authority (HKMA) and the People's Bank of China have announced several measures to optimize the Bond Connect, which will enhance the accessibility of RMB liquidity for overseas investors [7] - The measures include expanding the range of participating institutions in the Southbound Bond Connect and optimizing offshore RMB bond repurchase operations [7][9] - The report emphasizes the strong growth of the Bond Connect, with average daily trading volume reaching nearly 47 billion RMB in the first five months of the year, a 30-fold increase since its launch [12] Group 3: Company News - AIA Hong Kong has launched a new savings insurance plan aimed at providing flexibility and long-term wealth growth, with an expected internal rate of return of up to 6.5% [11] - New World Development is reportedly selling part of its K11 property in Shanghai, with a total sale price of 2.85 billion RMB for an office space of approximately 81,000 square meters [13]