China’s GDP growth edged up to 6.8% YOY in 4Q16, beating market expectation of 6.7% YOY. The benchmark for China’s cross-border investment -- CES 120 rose 1.3% during the week before CNY holidays.
Average daily Southbound net buying has been exceeding 1.2 billion RMB since Jan 1 2017, which gave some support to the Hong Kong market. CES SCHK100 rose 2.4% last week, the best performer among other HK indices.
Macau’s gaming revenue increased in January, extending the industry’s recovery to a sixth consecutive month, CES G10 surged 3.9% during the week.
