国证国际港股晨报-20250730

Group 1 - The core viewpoint of the report indicates that after a period of consolidation, the Hong Kong stock market is expected to reach new highs, supported by factors such as a potential resolution in the trade war, improvement in Sino-US relations, and a restart of the US interest rate cut cycle [2][4]. - The Hang Seng Index experienced a "V" shaped trading pattern, closing at 25,524 points, down 37 points or 0.15%, with a notable increase in trading volume, particularly in the Stock Connect segment [2][3]. - The report highlights that the Northbound capital flow remains strong, with a net inflow of HKD 12.7 billion, marking a 37.5% increase from the previous day, and a total net inflow exceeding HKD 45 billion over the last four trading days [3]. Group 2 - The report discusses the upcoming review of the Hang Seng Index, with significant increases in the average market capitalization thresholds for inclusion and exclusion, rising to HKD 7.33 billion and HKD 4.63 billion respectively, reflecting increases of 21.6% and 17.8% [6]. - It is anticipated that 20 non A+H stocks and 5 new A+H stocks will become new additions to the Stock Connect, with 22 non A+H stocks expected to qualify based on average market capitalization and turnover rates [6][8]. - The report identifies specific stocks that are particularly noteworthy for potential inclusion in the Stock Connect, including Nanshan Aluminum International (2610.HK) and KANAT Optics (2276.HK), among others [8].