Hong Kong stocks rise amid reports of mainland China market rescue measures

The Hang Seng Index rose in recent trading sessions, supported by reports that mainland Chinese financial regulatory authorities are researching market support measures. These potential policies include swap operations for securities, funds, and insurance companies, as well as transitioning stock repurchase loan policies into long-term institutional arrangements.

Driven by these expectations, mainland insurance and brokerage sectors saw significant gains. Northbound capital also showed signs of recovery, with net inflows reaching approximately 12.5 billion yuan. Other sectors, including large-scale consumption and technology, also experienced upward movement.

In a separate corporate development, Link REIT announced the sale of its T.O.P property in Mong Kok for 2.3 billion HKD to an entity owned by Bunny Chan. The sale is expected to result in a net loss of approximately 372 million HKD as the group focuses on divesting non-core assets.