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What macro events the market is focusing on this week? Southbound funds recorded a net inflow of HK$18.449 billion, with main net purchases in the Tracker Fund and HSCEI ETF. 🔹China's February new loans and social financing beat expectations, confirming the continuation of moderately loose monetary policy. 🔹US financial institutions restricted redemptions from private credit funds, dragging down HSBC and Standard Chartered. 🔹Swire Pacific plans to sell 2.52% of Cathay Pacific shares via a discounted placement. 🔹Cheung Kong Infrastructure is seeking a bridge loan to bid for Macquarie's UK smart-meter assets. 🔹Miniso expects a significant decline in full-year 2025 profit due to Yonghui Superstores' anticipated loss and other factors. 🔹US January core PCE matched expectations, but the University of Michigan consumer sentiment index fell to its lowest this year. Welcome to the Market Opening Bell. Master Wong brings you the daily market insights and stock picks. ⚠ Information contained herein is based on sources that Phillip Securities (Hong Kong) Limited and/or its affiliates (the "Group") believe to be accurate. The Group does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The Group (or its employees) may have interests in relevant investment products. For details of different products' risks, please view the Risk Disclosures Statement on http://www.phillip.com.hk. #HKStocks #USStocks #GoldwindScienceTechnology #BankStocks #UtilityStocks #CKInfrastructure #Miniso #InflationData