周五，恒生指数上涨366.61点，涨幅2.12%，收于17651.15点的5个月高点，随着所有板块的反弹，其上涨势头连续第五天延续。科技股领涨，在微软和Alphabet股份有限公司公布稳健盈利后上涨近5%。该指数本周上涨8.8%，创下1年半以来的最高涨幅，这得益于投资银行汇丰银行将其持有的中国股票从减持改为中性。本周早些时候，瑞银上调了对中国股票的评级，高盛认为，由于国务院的强劲盈利和财务指导方针，今年股价将上涨40%。本地方面，香港三月份出口及进口均回升，分别较去年同期上升4.7%及5.3%。2024年第一季度，出货量增长11.9%，进口增长8.0%。一些庞然大物股票涨幅巨大，比如腾讯（Tencent Hlds）。（2.5%），JD。通信（6.3%）、李汽车（6.2%）、小米公司（4.7%）和半导体制造（3.3%）。

The Hang Seng surged 366.61 points or 2.12% to finish at a 5-month peak of 17,651.15 on Friday, extending its upside momentum for the fifth day as all sectors rallied. Tech stocks led the upturn, jumping near 5% following solid earnings results from Microsoft and Alphabet Inc. The index surged 8.8% for the week, its highest gain in 1-1/2 years, boosted by a move from investment bank HSBC that changed their holdings on Chinese stocks from underweight to neutral. Earlier in the week, UBS upgraded its ratings on China's shares and Goldman Sachs viewed that stock prices will climb 40% this year because of strong earnings and financial guidelines from the State Council. Locally, exports and imports in Hong Kong bounced back in March, up by 4.7% yoy and 5.3%, each. During Q1 of 2024, shipments jumped 11.9% while imports grew 8.0%. Some behemoth stocks enjoyed big gains, such as Tencent Hlds. (2.5%), JD.Com (6.3%), Li Auto (6.2%), Xiaomi Corp. (4.7%), and Semiconductor Manufacturing (3.3%).

香港股市在周五早盘飙升265点，涨幅1.57%，至17555点，为第五个交易日，所有板块均大幅上涨。恒生指数虽然创下5个月来的最高水平，但周涨幅将超过8%，这可能是自2022年10月下旬以来的最高涨幅，这得益于对中国今年将实施更多扩张性政策以刺激强劲复苏的进一步乐观。此外，高盛（Goldman Sachs）和瑞银（UBS）等一些主要投资银行上调了对中国和香港股市的展望，理由是潜在的改革、强劲的盈利和财政支持。在其他方面，美国期货在持续的财报季中小幅上涨，近80%的业绩超出了市场预期。在贸易方面，香港上个月的出口和进口有所反弹，尽管采购增长速度快于发货增长速度。该指数的一些领头羊出现了大幅上涨，包括腾讯。（1.9%）、美团（2.9%）和京东。Com（3.1%）。

Hong Kong's shares soared 265 points or 1.57% to 17,555 in the morning session on Friday, up for the fifth session amid solid gains from all sectors. While notching the highest level in 5 months, the Hang Seng is heading for an over 8% jump weekly, which could be the highest gain since late October of 2022, boosted by further optimism that China will deliver more expansionary policies to spur robust recovery this year. In addition, some major investment banks, Goldman Sachs and UBS, have upgraded their outlook on China and Hong Kong's equities citing potential reforms, strong earnings, and fiscal support. Elsewhere, US futures rose modestly amid ongoing earnings seasons where nearly 80% of results beat market expectations. On the trade front, exports and imports in Hong Kong rebounded last month, despite the rate of growth in purchases faster than in shipments. Some bellwether in the index logged sharp advances, including Tencent Hlds. (1.9%), Meituan (2.9%), and JD.Com (3.1%).

2024年3月，香港出口同比增长4.7%，达到3845亿美元，从上月0.8%的下降中恢复过来。这一增长主要是由电信、录音、重放设备和设备的销售额（14.2%对2月份的10.1%）以及办公机器和自动数据处理机器的销售额（9.8%对6.6%）进一步增长推动的。与此同时，电气机械、仪器仪表和电器（4.8%对-2.6%）以及专业、科学和控制仪器仪表（13.6%对-3.9%）的出口出现反弹。在主要目的地中，运往越南（41.6%）、阿拉伯联合酋长国（17.5%）和中国（12.1%）的货物有所增加。考虑到今年前三个月，出口比去年同期增长了12%。

Exports from Hong Kong rose 4.7% year-on-year to $384.5 billion in March 2024, recovering from a 0.8% fall in the previous month. The upturn was mainly driven by a further increase in sales for telecommunications, sound recording, reproducing apparatus & equipment (14.2% vs 10.1% in February), and office machines & automatic data processing machines (9.8% vs 6.6%). At the same time, exports rebounded for electrical machinery, apparatus & appliances (4.8% vs -2.6%), and professional, scientific & controlling instruments & apparatus (13.6% vs -3.9%). Among major destinations, shipments went up to Vietnam (41.6%), United Arab Emirates (17.5%) and China (12.1%). Considering the first three months of the year, exports were 12% higher compared to the same period last year.

香港的贸易赤字从去年同期的406亿美元扩大到2024年3月的450亿美元，因为进口增长快于出口。进口额同比增长5.3%，达到4295亿美元，主要受电信、录音、重放设备和设备（18.3%）、电机、仪器、电器和电气零件（5.8%）以及办公机器和自动数据处理机器（20.3%）采购增加的推动。与此同时，出口疲软4.7%，至3845亿美元，主要是由于电信、录音、重放设备和设备（14.2%）、电机、仪器、电器和电气零件（4.8%）以及办公机器和自动数据处理机器（9.8%）的销售额增加。考虑到今年前三个月，该国的贸易逆差从去年同期的1113亿美元收窄至830亿美元。

Hong Kong’s trade deficit widened to $45.0 billion in March 2024 from $40.6 billion in the same month a year earlier, as imports grew faster than exports. Year-on-year, imports advanced 5.3% to $429.5 billion, mainly driven by higher purchases of telecommunications, sound recording, reproducing apparatus & equipment (18.3%), electrical machinery, apparatus, appliances, & electrical parts (5.8%), and office machines & automatic data processing machines (20.3%). Meanwhile, exports rose at a softer 4.7% to $384.5 billion, primarily due to increased sales of telecommunications, sound recording, reproducing apparatus & equipment (14.2%), electrical machinery, apparatus, appliances, & electrical parts (4.8%), and office machines & automatic data processing machines (9.8%). Considering the first three months of the year, the country’s trade deficit narrowed to $83.0 billion compared to $111.3 billion in the corresponding period last year.