The Hang Seng index has stormed through 30,000 for the first time in over ten years. Analysts are even speculating that it still had higher to go.
The rise of the index was driven by investments from mainland China. It is only 5% lower than its record of 31,638.22 set in October 2007.
The index has risen 36% since the start of the year and has become one of the best performing indices globally.
Hong Kong financial strategist, Linus Yip, has confirmed that the rise means that funds remain bulish on China and Chinese firms.
He said, ''Allocations in such firms seem rational and will continue to push the index higher.''
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