On January 29, 2026, Hong Kong stock market closed with mixed performance. The Hang Seng Index rose by 0.51%, the Hang Seng China Enterprises Index increased by 0.42%, the Hang Seng Composite Index climbed by 1.73%, while the Hang Seng Tech Index fell by 1.00%.

Sector-wise, the Hong Kong property sector showed significant gains. Sunac China surged by 29.13%, Country Garden rose by 16.36%, and Shimao Group jumped by 23.19%. The relaxation of the "Three Red Lines" policy for real estate companies boosted investor confidence, aiding debt resolution progress for these firms. Additionally, the Hong Kong paper industry saw notable growth, with ND Paper up by 9.65% and Lee & Man Paper gaining 5.56%, driven by ND Paper's announcement of a mid-term profit increase of over 216%.

In individual stock movements, Tencent edged up by 0.16%, supported by the success of its Yuanbao app during the Spring Festival, enhancing its AI+SaaS services. Alibaba-W dipped by 0.12% despite unveiling its high-end AI chip "Zhenwu 810E," showcasing its full-stack self-developed capabilities. Ping An rose by 3.31%, hitting its highest level since 2021, following an optimistic earnings forecast. PetroChina climbed by 1.51%, benefiting from rising crude oil prices. East Buy soared by 14.21% after reporting a turnaround in profitability for the first half of fiscal 2026. Insilico surged by 9.72%, driven by three major collaborations in AI drug development.

Sunac China experienced a remarkable 29.13% increase, attributed to the relaxation of the "Three Red Lines" policy, which alleviated debt pressures and improved market sentiment for real estate companies. ND Paper gained 9.65% following its announcement of a mid-term profit surge of over 216%, supported by increased sales and reduced raw material costs. East Buy saw a significant rise of 14.21%, as its fiscal 2026 first-half results showed a turnaround to profitability, boosting investor confidence.