UBMTUAN@EP2607B

CCOE

RUICHANG INTL

HKC INT'L RTS

STARCOIN GROUP

ASIAPAC FIN INV

WELIFE TECH

DRINDA

RMH HOLDINGS

ROYAL DELUXE

WAI HUNG GROUP

600010

600392

300317

03690

The rare earth permanent magnet concept strengthened, with BSU hitting the daily limit, and CNRE, Earth-Panda, SHRC, Galaxy Magnets, and Tianhe Magnets following suit. In the early session, the space photovoltaic concept rebounded, with Drinda hitting the daily limit, and Jiawei Energy, Fusion, EGing PV, Risen Energy, and DKEM also rising

- Nvidia's stock fell sharply by 5.7%, marking the largest intraday drop in three months, as concerns lingered about the sustainability of AI spending despite a 73% year-over-year revenue increase.  
- The A-shares market experienced a decline with major indices down, led by adjustments in computing hardware stocks influenced by Nvidia's performance, while sectors like non-ferrous metals and rare earths saw price increases.  
- The Hong Kong stock market rebounded, with the Hang Seng Index and technology sectors gaining, while the bond market yielded upward movements in government bond futures, despite significant declines in domestic commodity futures.

Wallstreetcn

SHRC

Jiawei Energy

CRENM

Risen Energy

EGing PV

Drinda

DKEM

CNRE

Galaxy Magnets

Earth-Panda

Fusion

E Fund GEM ETF

MEITUAN

The GEM index fell over 1%, computing hardware collectively adjusted, rare earths surged, the Hang Seng Index rebounded, and the biopharmaceutical sector was active

HSCEI

00HSI

09888

00700

Hong Kong stocks opened higher this morning, with the Hang Seng Index rising 66 points to 26,447 points. The National Index and the Hang Seng Tech Index opened up 3 points and 7 points, respectively. In the tech sector, Baidu's net profit for the fourth quarter fell by 42%, with ADR shares dropping by 5.7%. Meituan delayed the launch of its plan, with its stock opening up 0.7%. Tencent opened down 0.3%, while Alibaba opened flat. In the automotive sector, BYD opened down 0.1%, and XPeng opened up 1.9%. In the financial sector, HSBC opened up 1.2%

AASTOCKS

Hang Seng China Enterprises Index

Hang Seng Index

BIDU-SW

Baidu

TENCENT

HSBC HOLDINGS

FI2 CSOP HSI

FL2 CSOP HSI

"Hong Kong Stocks" The Hang Seng Index opened 66 points higher, HSBC and AIA rose, Baidu softened after earnings

The State Administration for Market Regulation has issued new regulations requiring food delivery platforms to conduct strict reviews of merchant qualifications to ensure the implementation of food safety responsibilities. The new regulations will take effect in June and emphasize that food delivery platforms must register merchants under their real names and conduct substantive reviews to eliminate the phenomenon of "ghost deliveries," ensuring that operating qualifications match actual conditions

The State Administration for Market Regulation issues new regulations for online food delivery to rectify "ghost deliveries."

DRAG

09988

KBAB

The NASDAQ Golden Dragon China Index preliminarily closed down 1.8%. Among popular Chinese concept stocks, Baidu fell 5.6%, BYD fell 4.2%, Meituan fell 3.2%, Li Auto fell 3%, Alibaba fell 2.8%, and Xiaomi, XPeng, WERIDE, and Nio all fell over 2%. Pony.ai rose 4.7%. In terms of ETFs, KWEB preliminarily closed down 2.4%, and CQQQ fell 1.9%

Roundhill China Dragons ETF

iShares MSCI China

WERIDE-W

Invesco Golden Dragon China

BABA-W

NASDAQ Golden Dragon China Index

KraneShares 2x Long BABA Daily ETF

LI AUTO-W

BYD COMPANY

VIPS

01519

83690

HMTD

MPNGY

89988

HBBD

BABA

BABO

BABX

$Vipshops(VIPS.US) released its Q4 2025 results on the evening of Feb 26. Despite earlier lowering guidance, the print still came in weaker: revenue slipped back into negative growth, while expense discipline kept profit growing.Specifically: 1) Core operating metrics — GMV growth stalled again this quarter, with YoY growth under 1%, missing market expectations. The drag came from another decline in active users, down Approx. 400k YoY, and a clear drop in order frequency per user, driving total orders down 5% YoY...

VIPS: Negative Growth Again? 10% Shareholder Return to the Rescue

Meituan has launched a comic drama section "FanTuan Comic Club" within its main app, covering regular comic dramas and AI comic content, all of which are free for users. This marks Meituan's official entry into the comic drama track, becoming a new participant in this field

Meituan

Meituan launches "FanTuan ManShe," entering the comic drama sector

03983

600938

601808

01810

In the Hong Kong Stock Connect, CNOOC had a net outflow of HKD 894 million, while Alibaba and YOFC had net outflows of HKD 888 million and HKD 625 million, respectively. The northbound capital saw a net inflow of HKD 18.36 million into Xiaomi Group. In the Hong Kong Stock Connect (Shanghai), DONGFANG ELEC had a net inflow of HKD 125 million, while CNOOC had a net outflow of HKD 626 million. In the Hong Kong Stock Connect (Shenzhen), MEITUAN had a net inflow of HKD 311 million, while Alibaba had a net outflow of HKD 657 million. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 99.929 billion, accounting for 38.54% of the total market transaction amount

CHINA BLUECHEM

CNOOC

COSL

CHINA OILFIELD

DONGFANG ELEC

XIAOMI-W

DEC.LTD

Alibaba

YOFC

BABA 2x Long Daily ETF - GraniteShares

Net outflow of CNOOC in Hong Kong Stock Connect amounted to HKD 894 million

600483

300179

000993

The superhard materials concept fluctuated and rose sharply, with HHWW achieving 2 limit-ups in 3 days, SF Diamond rising over 10%, and LILIANG DIAMOND, Worldia, Boyun New Materials, and Huifeng Diamond following suit. In the morning session, the power sector was active, with green energy leading the rise, JXGNCL achieving 2 consecutive limit-ups, and FUNENG CO.,LTD., DHEP, MEP, NYOCOR Co., Ltd., and CSG Energy also rising

- On February 26, A-shares experienced a downturn amidst the suspension of all raw and spodumene exports by Zimbabwe’s Ministry of Mines.  
- Lithium-related stocks surged, with a notable spike in lithium carbonate prices, reflecting strong market activity despite overall index declines.  
- In contrast, the bond market saw declines, with government bond futures collectively dropping, while commodity futures predominantly rose, particularly for lithium and other materials.

FUNENG CO.,LTD.

SF Diamond

JXGNCL

Worldia

Boyun New Materials

NYOCOR Co., Ltd.

LILIANG DIAMOND

HHWW

CSG Energy

DHEP

The ChiNext Index fell over 1%, lithium mining stocks experienced a surge in limit-up trading, the RMB broke through the 6.84 mark, the Hang Seng Index fell nearly 1%, and tech stocks broadly declined

00322

02318

01038

02388

601318

PNGAY

The Hang Seng Index closed at 26,656 points, down 109 points or 0.4%; the Hang Seng Tech Index reported 5,171 points, down 89 points or 1.7%. Ping An fell over 3%, while heavyweight stocks such as Alibaba, MEITUAN, Hong Kong Stock Exchange, and Tencent all experienced declines. CKI Holdings, Power Assets, BOC HONG KONG, HSBC, and TINGYI reached new highs

TINGYI

PING AN

CKI HOLDINGS

BOC HONG KONG

Ping An

Ping An Insurance

The "Half-Day Express" reported that the Hang Seng Index closed at 26,656 points, down 109 points; the Hang Seng Tech Index closed at 5,171 points, down 89 points. Ping An fell over 3%, while CK Hutchison, Power Assets, BOC Hong Kong, HSBC, and TINGYI reached new highs

03115

510150

03033

513130

The Hang Seng Index closed at 26,789 points, up 199 points or 0.8%; the Hang Seng Tech Index reported 5,288 points, up 17 points or 0.3%. The China Enterprises Index rose 81 points or 0.9%, closing at 9,088 points. Among the actively traded blue-chip stocks, Meituan, Ping An, Tencent, and Alibaba all saw increases, with Haidilao rising more than 5%. Li Ning, Sinopharm, CHINA RES MIXC, Hengan, and MTR all reached new highs

ISHARESHSI

China Merchants SSE Consumer 80 ETF

CSOP HS TECH

LI NING

CHINA RES MIXC

Hang Seng TECH ETF I

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

SINOPHARM

ChinaAMC Hang Seng Technology ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

HAIDILAO

The Half-Day Report: The Hang Seng Index closed at 26,789 points, up 199 points; the Hang Seng Tech Index closed at 5,288 points, up 17 points. HAIDILAO rose over 5%, LI NING, SINOPHARM, CHINA RES MIXC, Hengan, and MTR reached new highs

512200

159707

CHIQ

HSBC's research report points out that the Chinese stock market will reopen after the Lunar New Year holiday, focusing on five key data points during the Spring Festival period, including developments in artificial intelligence, real estate, tourism, and consumption. The bank believes that artificial intelligence and the gradual recovery of consumption are the main investment themes, and that mainland internet stocks may rebound. In terms of capital flow, a reduction in interest rate cuts may hinder capital inflows into emerging markets. In real estate, the sales volume of second-hand residential properties has increased, and tourism consumption has also seen a recovery

China Southern CSI All Share Real Estate ETF

Hwabao WP CSI 800 Real Estate ETF

Global X China Consumer

Yinhua CSI Interior Real Estate Theme ETF

Global X Cloud Computing ETF

Krne Csi China Internet

Global X Robotics & Artificial

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

HSBC Research recommends focusing on the development of five major areas in China: artificial intelligence, real estate, and consumption

09868

00241

06618

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 154 points to 26,745 points, and the National Index and Hang Seng Tech Index increasing by 61 points and 45 points, respectively. Technology stocks generally rebounded, with JD.com, Alibaba, and Meituan each opening 1.2% higher, while Tencent and Baidu saw slight increases. In the automotive sector, Li Auto and XPeng opened 1.5% and 2.8% higher, respectively. Financial stocks saw HSBC opening 0.4% higher, while Standard Chartered opened 1.2% lower. Real estate stocks New World Development and Cheung Kong Holdings opened lower

XPENG-W

ALI HEALTH

JD HEALTH

JD.com

Guotai CSI Computer Theme ETF

CAM HS TECH

"Hong Kong Stocks" Hang Seng Index opened high at 154 points, technology stocks rebound

As U.S. President Trump is about to announce the State of the Union address, the Hong Kong stock index opened high at 154 points, reporting 26,745 points. Both Alibaba and Meituan saw their stock prices rise by more than 1%. Real estate stocks showed mixed performance, with New World up 1.3%, while Hang Lung and Cheung Kong experienced slight declines. The three major U.S. stock indices closed higher on Tuesday, with the market optimistic about AI-related stocks, as Anthropic signaled collaboration, boosting software stocks' stability

- U.S. President Trump is set to deliver the State of the Union address, focusing on the positive economic climate and announcing new measures to reduce costs.  
- U.S. stock indices closed positively, with the Dow up 370 points, while several tech stocks, including Anthropic and AMD, saw significant gains due to positive AI and software market signals.  
- In Hong Kong, the government is set to announce a new budget, resulting in mixed movements among real estate stocks, while tech stocks like Alibaba and Meituan experienced upward trends.

Stheadline

On the eve of the budget announcement, the Hang Seng Index opened up 154 points, with Alibaba and Meituan rising, while Zhizhu fell nearly 6%｜Hong Kong stock market opens

TCEHY

XIACY

09992

The net inflow of the Hong Kong Stock Connect Southbound Hang Seng Technology is HKD 1.585 billion, with Meituan and Xiaomi Group seeing net inflows of HKD 687 million and HKD 438 million, respectively. In terms of net outflows, POP MART, CNOOC, and Tencent experienced net outflows of HKD 205 million, HKD 99.9 million, and HKD 86.77 million, respectively. For the Hong Kong Stock Connect (Shanghai), Tencent had a net inflow of HKD 393 million, while SMIC had a net outflow of HKD 121 million; for the Hong Kong Stock Connect (Shenzhen), the Southbound Hang Seng Technology saw a net inflow of HKD 1.327 billion, while Tencent had a net outflow of HKD 480 million. Overall, the total net outflow for the day was HKD 0, with a total transaction amount of HKD 108.443 billion, accounting for 43.21% of the total market transaction amount

Tencent

Xiaomi Corporation

POP MART

Net inflow of HKD 1.585 billion for Southbound Stock Connect Hang Seng Technology

Vips

Financial Analysis

Vipshops

J&T EXPRESS-W

MEITUAN-WR

Meituan HK SDR 5to1

BABA-WR

Alibaba HK SDR 5to1

YieldMax BABA Option Income Strategy ETF

Just bought my first Hong Kong stock, Meituan, through Stock Connect.I think Wang Xing is a tough guy who won't be knocked down.Finally got to experience Stock Connect.The overall operation was okay.Still figuring it out.Not investment advice!

Today’s Key News Recap

Feb 6 | Dolphin Research focus: 🐬 Stock 1, $BABA-W(09988.HK) Alibaba's Qwen app launched a 'Spring Festival RMB 3bn free-order' campaign today. The first wave centers on AI one-line prompts to order milk tea for free.Notably, WeChat further blocked today the promo passwords for red-envelope campaigns run by both Alibaba Qwen and Tencent Yuanbao. As a result, those keywords can no longer be copied or recognized in private or group chats.The move aims to protect WeChat's platform ecosystem and curb over-marketing that disrupts user experience. It also helps defend its social-traffic moat...

TENCENT-R

Tencent Holdings Limited

Amazon

Roblox

Li Auto

DingDong

XPeng

NIO-SW

NIO Inc. USD OV

NIO Inc

Tencent HK SDR 10to1

Alibaba Qwen's Lunar New Year free-order promo was blocked by WeChat; Nio surged after its first-ever quarterly profit | Daily News Recap

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UBMTUAN@EP2607B(25551.HK)

The GEM index fell over 1%, computing hardware collectively adjusted, rare earths surged, the Hang Seng Index rebounded, and the biopharmaceutical sector was active

"Hong Kong Stocks" The Hang Seng Index opened 66 points higher, HSBC and AIA rose, Baidu softened after earnings

The State Administration for Market Regulation issues new regulations for online food delivery to rectify "ghost deliveries."

VIPS: Negative Growth Again? 10% Shareholder Return to the Rescue