CICSHST@EP2712A

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

513180

512760

SOXX

STECH

159742

03088

513130

520920

159740

07552

BIDU

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The Hang Seng TECH Index fell 10% in February, marking the largest monthly decline since January 2024, with a cumulative drop of 23% since its peak in October last year. The main reasons include weak corporate earnings and insufficient buying from mainland investors, leading to a decline in market confidence. Investors are shifting their funds towards chip manufacturers and newly listed AI companies. Mainland investors sold stocks in Hong Kong, totaling HKD 11.4 billion, marking the largest capital outflow since the end of August. Baidu was one of the biggest decliners this month, down 19%

AASTOCKS

ChinaAMC Hang Seng Technology ETF(QDII)

Guotai CES Semiconductor Chip Industry ETF

iShares Semiconductor ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Invesco Semiconductors ETF

Hang Seng TECH Index

Hang Seng TECH ETF I

CAM HS TECH

BIDU-SW

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

XI2CSOPHSTECH

Guotai CSI Computer Theme ETF

XL2CSOPHSTECH

Tianhong CSI Computer Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

VanEck Semiconductor ETF

Baidu

CSOP HS TECH

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ISHARESHSTECH

Direxion Semicon Bull 3X

The Hang Seng TECH Index fell by 10% in February, down 23% from its high in October last year

TCEHY

TCTZF

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Michael Burry warns of vulnerabilities in Chinese tech stocks, highlighting that many investors do not own the companies they believe they are investing in. He points out that shares are often in offshore entities, creating a disconnect between operational success and legal claims. Burry notes that while companies like Tencent have seen revenue growth, their stock performance has stagnated, with almost 0% returns over five years. He emphasizes the need for a deeper examination of these 'Cayman Shell' companies and their structural flaws.

- Michael Burry has warned about the structural issues within Chinese technology stocks, highlighting that investors often hold shares in offshore entities rather than the companies themselves.  
- He points out a concerning disconnect between the operational success of firms like Tencent and their stock performance, with Tencent showing nearly 0% return despite significant revenue growth.  
- Burry suggests that the current situation warrants a closer examination of these investments, emphasizing that traditional valuation methods may overlook critical shifts in the market.

benzinga_article

iShares China Large Cap

Tencent

Tencent Holdings Limited

FL2 CSOP HSI

iShares MSCI China

FI2 CSOP HSI

Krne Csi China Internet

FI CSOP HSI

TENCENT

Direxion FTSE China Bull 3X

Michael Burry Exposes 'Vulnerability' In Chinese Tech, Warns Of Hong Kong's 'Cayman Islands Shell' Trap

Hong Kong tech stocks performed poorly in February 2024, with the Hang Seng Technology Index falling by about 10%, marking the largest monthly decline in two years. Mainland capital significantly reduced holdings, and renowned investor Michael Burry pointed out that Tencent's stock price has seen no growth over the past five years, reflecting structural issues in Hong Kong stocks. Market enthusiasm for Chinese internet giants has waned, with investors shifting towards chip and AI startups. Baidu's stock price dropped over 19% due to weak performance. The market is focusing on the earnings of JD and Bilibili to seek clues about the industry's outlook

- The Hong Kong tech sector has underperformed in the Year of the Horse, with the Hang Seng Tech Index falling nearly 10% this month, marking its largest monthly decline since January 2024.  
- Significant sell-offs from mainland investors and a lack of support have led the index to bear market territory, with a nearly 23% drop from last October's highs.  
- Investor sentiment is shifting towards chip manufacturers and AI startups, and expected earnings reports from JD.com and Bilibili may provide insights into the sector's future.

Stheadline

Bilibili

JD-SW

Hong Kong tech stocks fell 10% in February, marking the worst performance in two years. "Big short" Burry laments: Tencent has zero returns over the past five years

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09988

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The short selling amount in the Hong Kong stock market reached HKD 21.56 billion in the half-day session, accounting for 22.1% of the total shortable stock turnover of HKD 97.45 billion. The previous day was 20%. Major shorted stocks include TRACKER FUND with a short selling ratio of 44.4% and a short selling amount of HKD 3.31 billion; CSOP HS TECH with a short selling ratio of 56.6% and a short selling amount of HKD 2.1 billion; TENCENT with a short selling ratio of 14% and a short selling amount of HKD 1.04 billion; Alibaba-W with a short selling ratio of 18.8% and a short selling amount of HKD 0.95 billion; MINIMAX-WP with a short selling ratio of 29% and a short selling amount of HKD 0.54 billion

MINIMAX-WP

BABA-W

TRACKER FUND

The short selling in the Hong Kong stock market for half a day reached HKD 21.56 billion, accounting for 22.1% of the total turnover of shortable stocks

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00HSI

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Hong Kong stocks rebounded after the futures settlement day, with the Hang Seng Index rising 197 points to 26,578 points in the first half of the day. In the real estate sector, Sun Hung Kai Properties rose nearly 7%, with a 17% increase in half-year underlying profit. In the technology sector, both Tencent and Meituan saw increases, rising 2.8% and 2.1% respectively. The overall market turnover was HKD 121.827 billion

SHK PPT

Hang Seng Index

MEITUAN

Meituan

FI2CAMNDQ100

ISHARESHSI-U

ISHARESHSI

ISHARESHSI-R

"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well

BABA

00669

BABX

The Hang Seng Index closed at 26,578 points, up 197 points or 0.7%; the Hang Seng Tech Index reported 5,162 points, up 53 points or 1.0%. The China Enterprises Index rose 35 points to 8,849 points. Among the active blue-chip stocks, Tencent rose 2.8% to HKD 526.5, Meituan rose 2.1% to HKD 82.1, and Alibaba rose 1% to HKD 144.5. Sun Hung Kai Properties hit a new high, closing at HKD 145.6, up 6.8%; CK Asset, TECHTRONIC IND, and Cathay Pacific also reached new highs

Alibaba

TECHTRONIC IND

BABA 2x Long Daily ETF - GraniteShares

KraneShares 2x Long BABA Daily ETF

CATHAY PAC AIR

CK ASSET

The Half-Day Report: The Hang Seng Index closed at 26,578 points, up 197 points; the Hang Seng Tech Index closed at 5,162 points, up 53 points. Sun Hung Kai Properties rose over 6%. Sun Hung Kai Properties, CK Asset, TECHTRONIC IND, and CATHAY PAC AIR reached new highs

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Hong Kong's technology stocks have shown continued strength, with SenseTimesurging over 7% and Bilibilirising more than 3%. According to Jin10, other major players like Tencent Holdingsand Meituanalso experienced gains, contributing to the positive momentum in the sector.

CoinLive

SENSETIME-W

BILIBILI-W

Hong Kong Tech Stocks Rally as SenseTime and Bilibili Lead Gains

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The Hang Seng TECH Index rose by over 1%

Wallstreetcn

GX HS TECH

CMS HS TECH

HSTECH ETF

The Hang Seng TECH Index turned negative again during the session, after briefly rising by 0.9%

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36Kr learned that the Hang Seng Index opened up 0.25%, and the Hang Seng Technology Index rose 0.15%; the consumer and media sectors led the gains, with LAOPU GOLD and TME-SW rising over 3%, and PRADA rising over 2%; the semiconductor and coal sectors saw the largest declines, with Zhaoyi Innovation falling over 4%, and Aisino and Lattice Semiconductor dropping over 2%

36Kr

PRADA

China Southern Hang Seng ETF

TME-SW

LAOPU GOLD

The Hang Seng Index opened up 0.25%, and the Hang Seng Technology Index rose 0.15%

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Hong Kong's Financial Secretary Paul Chan announced a fiscal surplus of HK$2.9 billion for the 2025/2026 financial year, three years earlier than expected, due to an asset market boom and austerity measures. The economy is projected to grow by 2.5 to 3.5% in 2026, with improved sentiment reflected in rising home prices and increased IPO activity. However, this recovery comes with sacrifices, including cuts to education and social services, and the loss of 10,000 civil service jobs. The government plans to invest in AI and tech development to create new growth pillars.

Businesstimes News

CSOP HSI ETF

Hong Kong’s Budget is back in the black – but not without sacrifice

The Hang Seng Index main futures closed up 0.09% in the overnight session, at 26,391 points. The Hang Seng Tech Index main futures closed up 0.12% in the overnight session, at 5,129 points

HANG SENG BANK

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0HSCI

A proposed AI committee in Hong Kong aims to assist tech start-ups in overcoming legal and geopolitical challenges while accessing crucial databases for model training. Led by the finance chief, the committee will include diverse experts and focus on life and health technologies, as well as embodied AI. Industry leaders emphasize the need for rapid adaptation and direct communication with mainland authorities to facilitate funding and regulatory processes. The committee is expected to enhance collaboration among stakeholders and streamline product commercialization in the fast-evolving AI sector.

南华早报

GX CN ROBO&AI

Hang Seng Composite Index

AI committee can help Hong Kong start-ups ‘tackle legal, geopolitical hurdles’

Hong Kong stocks fell as Nvidia's earnings failed to boost AI confidence, with the Hang Seng Index down 1.4% to 26,381.02. The Hang Seng Tech Index dropped 2.9%. Major companies like Alibaba and Tencent saw declines, while Hong Kong Exchanges and Clearing rose 0.8% after a profit increase. Nvidia reported a 73% revenue jump to $68.1 billion, but missed bullish projections, indicating a cooling AI market. Other Asian markets closed higher, with Japan's Nikkei up 0.3% and South Korea's Kospi up 3.7%.

HKEX

Hong Kong Exchanges and Clearing (HKEX)

SPDR S&P Semicon

VanEck Gold Miners ETF

T-Rex 2X Long NVIDIA Daily Target ETF

GraniteShares 2x Long NVDA Daily ETF

Direxion Daily NVDA Bull 2X Shares

VanEck Junior Gold Miners ETF

NVIDIA

Hong Kong stocks retreat as Nvidia earnings fail to sustain AI momentum

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On the settlement day of Hong Kong stock index futures, the Hang Seng Index fell by 384 points to 26,381 points, the National Index dropped by 220 points, and the Hang Seng Tech Index decreased by 151 points. Technology, automotive, consumer, and pharmaceutical stocks generally declined, with Alibaba down 3.6% and Baidu down 4.3%. CKI Holdings sold UKPN, and its stock price rose by 4.5%. Financial stocks showed mixed performance, with HSBC Holdings up 1.6%, while domestic insurance stocks generally fell. The total market turnover was HKD 259.277 billion

HSBC HOLDINGS

CKI HOLDINGS

Guotai CSI 800 Automobile and Parts ETF

ChinaAMC CSI Auto Components Thematic ETF

Hwabao CSI HK Equities Internet ETF

HFT CSI Auto Components Thematic ETF

China Southern Hang Seng ETF Feeder Fund-A

E Fund HSCEI ETF

HSCEI ETF

E Fund CSI HK Connect Internet ETF

"Hong Kong Stocks" Hang Seng Index futures settlement day closed down 384 points, with declines in technology, automotive, consumer, and pharmaceutical stocks

Wear new shoes, walk the old pathIt seems to have developed, turned around, and modernized, but once encountering pressure or real constraints, it reverts to the old ways—the practices from the beginning.【Securities Researcher: &#34;Information involving tax assessments for related high-tech companies&#34; only indicates stricter assessments, not a blanket ban】This afternoon, the Hang Seng Tech Index suddenly widened its losses, with the index falling more than 2.5% at one point. Alibaba, Tencent Holdings, JD.com, and Meituan all saw increased declines, and the corresponding call warrants plummeted across the board. At noon, a piece of information about &#34;tax assessments for related high-tech companies&#34; circulated among securities researchers, triggering market volatility. Although this rumor has not yet received official endorsement, the market has already begun pricing it in. However, the market's pricing of such events is often one-time, and the corresponding factors are also variable. If the situation reverses, it will inevitably trigger a major counterattack. A securities researcher said it is only stricter assessments, not a blanket ban.$BABA-W(09988.HK)$TENCENT(00700.HK)$XIAOMI-W(01810.HK)

XIAOMI-W

BABA-WR

TENCENT-R

JD.com

JD-SWR

Alibaba HK SDR 5to1

Tencent HK SDR 10to1

JD HK SDR 10to1

MEITUAN-WR

Meituan HK SDR 5to1

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

$XTALPI(02228.HK) The first to rise in the Hong Kong stock watch list! Push it up!

XTALPI

LI AUTO-W

CSOP A50 ETF-R

CSOP A50 ETF

GEELY AUTO

POP MART

Li Auto

GEELY AUTO-R

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

POP MART HK SDR 20to1

$XTALPI(02228.HK) Cautiously optimistic, Hang Seng Tech shows signs of crashing again. Damn it, Hang Seng has a history of crashing after long holidays countless times. This 🐶 just can't be reliable in the long run.

The Hang Seng Index opened higher, refreshing its nearly four-year high; Tencent's performance exceeded expectations, receiving collective bullish calls from major banks; Chip stocks strengthened on the logic of domestic substitution, with SMIC leading the gains; Ping An's stake increase in China Taiping H-shares ignited the insurance sector; Cryptocurrency concept stocks surged as Bitcoin hit a new high; In the pharmaceutical sector, Jingtai Holdings reported its first profit, rising over 11%, while East Buy saw a sudden 12% increase.

Ping An Insurance

PING AN

PING AN-R

Ping An Ins HK SDR2to1

Hot Trades in Hong Kong Stocks (8.14) | Hang Seng Index Hits Four-Year High at Opening, Morgan Stanley Says Foreign Capital Accelerated Inflows into Chinese Stock Market in July

CICSHST@EP2712A(25767.HK)

The Hang Seng TECH Index fell by 10% in February, down 23% from its high in October last year

Michael Burry Exposes 'Vulnerability' In Chinese Tech, Warns Of Hong Kong's 'Cayman Islands Shell' Trap

Hong Kong tech stocks fell 10% in February, marking the worst performance in two years. "Big short" Burry laments: Tencent has zero returns over the past five years

The short selling in the Hong Kong stock market for half a day reached HKD 21.56 billion, accounting for 22.1% of the total turnover of shortable stocks

"Hong Kong Stocks" The Hang Seng Index rose 197 points in the half-day, New World Development increased nearly 7%, Tencent and Meituan performed well