How is RPS calculated for Hong Kong stocks?

The RPS calculation for Hong Kong stocks includes all active stocks listed on the HKEX (Main Board and GEM), totaling over 2,800 tickers. We calculate the return of each stock over specific periods (20, 50, 90, 120, 250 days), rank them, and convert the rank to a 1-99 percentile. Penny stocks with extremely low liquidity are filtered out to ensure ranking quality.

Why use RPS in the HK market?

The Hong Kong market is highly institutionalized with no price limits (no daily limit up/down). This means when a trend starts, it can develop rapidly. RPS helps investors quickly identify which sectors and individual stocks are receiving institutional capital inflows, filtering out the noise of the Hang Seng Index.

Hong Kong Stocks RPS Rankings: Find HK Market Leaders

Published: July 11, 2026 • 4 min read

💡 Quick Answer

Hong Kong Stock RPS Rankings evaluate over 2,800 stocks listed on the HKEX. By comparing their price returns over 20 to 250 days, it assigns a percentile score from 1 to 99. Because the HK market has no daily price limits and is dominated by institutional investors, RPS is highly effective at tracking "smart money" flows. Stocks with an RPS120 ≥ 80 are the primary targets for momentum and CANSLIM traders in Hong Kong.

1. Characteristics of the HK Market

Before applying RPS to Hong Kong stocks, it's crucial to understand the market's unique features:

No Price Limits: Unlike the A-share market, HK stocks have no 10% daily limit. A stock can gap up 30% in a single day on good news, making momentum indicators like RPS extremely responsive.
Institutional Dominance: The market is driven by global institutional capital. When a trend forms, it tends to persist, which aligns perfectly with the philosophy behind RPS.
High Variance in Liquidity: The HK market has many "penny stocks" (仙股) with almost zero liquidity. RPS Stock automatically filters out illiquid stocks to ensure the rankings are actionable.

2. How to Use RPS for HK Stocks

Here is a practical workflow for finding leading HK stocks using our tool:

            Step 1: Set the Baseline

            Filter for stocks with RPS120 ≥ 80. This gives you the top 20% of medium-term performers.

            Step 2: Check Short-Term Momentum

            Ensure RPS20 is also ≥ 80. A stock with high RPS120 but low RPS20 might be entering a deep correction.

            Step 3: Analyze Sectors

            Look at the sector column. Are many top-ranked stocks from the same sector (e.g., Tech, Biotech, or EV)? This indicates a sector-wide rotation.

            Step 4: Chart Verification

            Click on the ticker to view the K-line chart. Look for classic CANSLIM patterns like "Cup with Handle" or "Flat Base" breakouts.

3. Southbound Capital and RPS

In recent years, Southbound Capital (money flowing from Mainland China to Hong Kong via Stock Connect) has become a major driving force. Stocks heavily bought by Southbound Capital often see rapid increases in their RPS scores. Monitoring stocks that suddenly jump from RPS 60 to RPS 85+ can help you catch the early stages of Southbound-driven rallies.

View HK Stock RPS Rankings