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[the performance of the three major indices of Hong Kong stocks is differentiated.VirtualpinballThe Hang Seng Index closed up 1% at midday.Virtualpinball.74%] the Hong Kong stock market showed a trend of obvious differentiation on May 10. The Hang Seng Index closed 1.74% higher at 18859.6 at midday. The hang Seng technology index fell 0.28%, while the state-owned enterprises index rose 1.8%. [the trend of science and technology stocks is divided, Alibaba is up more than 1%, NetEase and Baidu are down more than 1%] Technology stocks showed a trend of differentiation in the market performance of the day. Among them, Alibaba's share price rose more than 1 per cent, while NetEase and Baidu fell more than 1 per cent. [it is rumored that Hong Kong stock dividend tax will be reduced and high dividend concept stocks soar] it is rumored that Hong Kong stock dividend tax will be reduced soon, which has led to a sharp rise in high dividend concept stocks such as coal, telecommunications and banks. Shenhua's shares rose more than 5 per cent, while those of the three major telecom operators all rose about 4 per cent. [internal insurance stocks and inner housing stocks performed strongly, led by Shimao Group up 58%.] Insurance stocks and real estate stocks performed particularly well on the day's market. Domestic insurance stocks rose significantly, with shares of China Pacific Insurance (601601) up more than 8 per cent. Among the real estate stocks, Shimao Group led the way with an increase of 58%. [the United States plans to impose tariffs on Chinese electric cars and auto stocks fall] according to Bloomberg, the Biden administration plans to announce a comprehensive decision on tariffs on China as soon as next week. New targeted tariffs are expected to be imposed on some key industries such as China's electric vehicles, batteries and solar energy (000591) equipment, causing auto stocks to fall by more than 3%, and industrial chain sectors such as lithium power and photovoltaic also weakening. [Hangzhou and Xi'an lifted housing purchase restrictions, inner housing stocks broke out] in the real estate market, on May 9, two core second-tier cities in Hangzhou and Xi'an lifted housing purchase restrictions one after another. At present, the provinces or cities that still retain housing purchase restrictions in the country, except for Beijing, Shanghai, Guangzhou and Shenzhen, only Hainan Province and Tianjin are still in a state of partial liberalization of purchase restrictions. This news stimulated the collective outbreak of inner housing stocks. [tax relief for Hong Kong stock dividends is expected to boost mainland investors' enthusiasm] Bloomberg quoted people familiar with the matter as saying that China is considering reducing the 20% income tax that mainland individual investors have to pay when they invest in Hong Kong stocks through the Hong Kong Stock Connect. To avoid double taxation between the two places. If the relevant plan is implemented, it is expected to further improve the liquidity of Hong Kong stocks and attract companies to come to Hong Kong to raise capital. CICC believes that if the tax relief on Hong Kong stock dividends is implemented, it is expected to further boost mainland investors' enthusiasm for Hong Kong stocks, especially those related to high dividends, boost sentiment in the short term and improve liquidity in the Hong Kong stock market in the long run.