Hong Kong's stock market is experiencing a notable rally, with the benchmark Hang Seng Index rising approximately 20% this year and the Hang Seng Tech Index surging over 30%. This growth is attributed to capital rotation from Asia and U.S. investors into Chinese tech stocks, driven by the advancements of the AI chatbot DeepSeek and increased support for the private sector from China's president. The surge in the market has also been reflected in trading turnover and initial public offerings (IPOs), with reports indicating a 10% profit increase for the Hong Kong Stock Exchange for the full year 2024. Key tech companies such as Tencent, Alibaba, and Meituan have embraced DeepSeek's technology, contributing to their respective stock price increases of 46%, 20%, and 11%. The Hang Seng Index's rise of 14% in February marks its best performance since September 2024, although concerns remain regarding the sustainability of this rally as some foreign investors remain cautious.