China's mainland investors have played an unprecedented role in a rally on Hong Kong's equity market that has pushed the benchmark index to its highest level since 2022. Mainland investors typically buy or sell Hong Kong-listed shares via the southbound link of the Stock Connect scheme.

Traders rotate out of stocks and into bonds on worries about entrenched inflation in the US and the Trump administration’s tariffs.

Hong Kong’s stock exchange operator made record profits in 2024 as a stock market rally and listings revival helped put an end to a two-year slump for the financial hub.

Hong Kong's bourse operator reported on Thursday a 10% rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after China's announcement of economic stimulus measures boosted investor sentiment.

Net profit in 2024 rose 10 per cent to HK$13 billion (US$1.7 billion), aided by higher fees from handling market transactions and new stock listings.