As of July 16, the Hang Seng Index's bull-bear warrant ratio stood at 69:31. Data from CITIC Securities' warrant distribution chart revealed the heaviest concentration of bear warrants and the area with the most new additions fell within the 25,000 to 25,099 point range, where bear warrants totaled 685, marking a rise of 177 from the prior session. Concurrently, the bull warrant heavy zone and peak new additions were situated in the 24,000 to 24,099 point band, with bull warrants surging to 1,278, a substantial increase of 917 compared to the previous day.