Year of the Water Rabbit
Year of the Water Rabbit


Welcome to our annual tongue-in-cheek Feng Shui guide, an alternative look at what’s in the stars for you and the Hang Seng Index in 2023. On 4 February, the Water Rabbit will emerge from her burrow to take her place in the Feng Shui cycle. Our cover takes inspiration from the Chinese idiom 兔起鶻落, which translates to "when rabbits are about, the falcons swoop". This year's bazi, or destiny chart, advises us to step out of our comfort zone but remain mindful of perils afoot. After all, a rabbit's foot is lucky for everyone but the fluffy woodland creature.

More for your pleasure than profit, we reveal your zodiac's health, wealth, love and career stars, suggest good places to settle and how to mitigate negative energy, highlight lucky sectors, speculate on celebrity fortunes and, most importantly, predict the Hang Seng Index's monthly bunny path.

Famous Rabbits

Whether as a pet or character in a book, most of us first encountered the cuddly and adorable Rabbit in childhood. Seen as both vulnerable prey and cunning tricksters, they breed so well it is proverbial. In the Chinese zodiac, our furry friends have a reputation for being quiet negotiators until someone in their care is threatened, at which point a vociferous stubborn quality becomes apparent. Above we feature the most famous rabbits throughout history.

And here's our forecast!

CLSA Feng Shui Index, 2023
CLSA Feng Shui Index 2023

Given their opposite temperaments, Rabbit years are often tricky for Roosters to navigate. Rather than being bad, it has more to do with having too much to handle; our favourite Earth Rooster will be trying to peck at every speck of grain in sight. Rabbit’s presence will cause Hong Kong’s market to hop all over the place, with little traction. If you are coming along for the ride, then you will need to buck-le up.


Previous Rabbit Years

How did we fare?

In 2011, the yoga bunny was a downward-facing Metal Rabbit. The Earth Rabbit in 1999 conquered the hip-hop world, gaining more than 70% over the year. The 1987 Fire Rabbit flew like a hareplane until, like Icarus, it suddenly crashed to earth after living on burrowed time. Despite the fall, the index put on 25% but finished the year lower than the beginning.


So what's Feng Shui?

Interplay determines our forecasts

In Feng Shui, the four pillars of destiny (the year, month, day and hour) comprise eight characters, hence the name bazi. Each of the pillars is described by the two cycles that have characterised Chinese ways of telling time for the past three millennia. They are the 10 heavenly stems and the 12 earthly branches. When you place those two cycles side by side, they repeat at intervals of 60, which then return you to the beginning of the sequence.

For Feng Shui purposes, the new year begins on 4 February. This is different from Chinese New Year, which strictly follows the phases of the moon. Each stem and branch is associated with one of the five elements (water, fire, metal, wood and earth) and also with either yin or yang, giving us the chart for the year. We compare this annual destiny chart against our Hang Seng Rooster's natal chart for 24 November 1969.

The bazi destiny charts for the Rabbit and the Hang Seng Index
The Bazi destiny charts
Five elements


In Chinese philosophy, the five elements provide a basic framework to understand relationships between everything. Each year, wood, fire, earth, metal and water dance around each other, some ruling throughout, others bursting out for a month or so. We apply Feng Shui theory to the markets by assigning certain industries to each element to determine their general trajectory.


The Zodiacs

What sign are you?
How you will fare in the Year of the Water Rabbit

Affliction deflection

How to mitigate negative energy

According to Feng Shui, four annual afflictions bring their menacing influences to different compass directions each year. We introduce the usual cast of characters - Tai Sui, Tsui Po, San Sha and Wu Wang - and offer advice on how you can counter these negative energies. After all, forewarned is forearmed.

Affliction deflection

Celebrity Fortunes 2023

Celebrity Fortunes
Property outlook

Property outlook

Secure the hutch

Rabbits dig burrows to create warm, safe havens. Just like our furry friends, we can make the most of our home or office environments by harnessing the power of the flying stars. We highlight the most auspicious directions and areas to avoid. The flying stars work in any organised space - it may be as large as the planet or as small as your home. This year, south and north are the best directions. Steer clear of the northwest and northeast.