Last year's line of HSBC

Securities Times Wu Jiaming by overnight US stock market rally, yesterday, Hong Kong's Hang Seng index opened 431 points, and broke through the so-called "bear line" of the 250 daily average, the day to collect 17,544 points, a rise of 3.06%, turnover enlarged to HK $83.7 billion.　　The state-owned enterprises index stood above 10,000 points, closed to 10,072 points, up 2.9%. Shares, the weight of HSBC Holdings (00005.HK) has become the main driver of the city's rise, the day Rose 6.3%, a report of 68.35 Hong Kong dollars, alone to contribute to the 215 points of the index. HSBC Holdings and Bank of East Asia (00023.HK) announced yesterday that they had been approved to issue renminbi bonds in Hong Kong. Bank of East Asia shares also surged 5.59% per cent, at HK $24.55.　　Daiwa maintained the "run-win" rating of the unit and raised its target price from HK $22.15 to HK $27.50. China's oil stocks also have notable gains. Citic Resources (01205.HK) topped the 18.52%-per-cent increase and reported HK $1.92. China's oil (00857.HK), CNOOC (00883.HK) and Sinopec (00386.HK) also rose 4.97%, 5.43% and 3.75% respectively. Goldman yesterday raised its rating from "sell" to "buy" and raised its target price from HK $0.44 to HK $2.　　In addition, Goldman Sachs also maintained the "buy" rating of Sinopec and included a "sure buy" list, raising the target price of H-shares from HK $6.5 to HK $8.25. For the late trend of the city, some analysts said the market sentiment is still high, if hot money continues to flow, the next target of the HSI will point to 18,000 points.