China Universal Hang Seng Technology ETF(QDII)(513260.SH)

"Hong Kong Stocks" The Hang Seng Index opened 165 points higher, Baidu and AIA performed well, and chip stocks rose

The Hong Kong stock market opened higher in the morning, with the Hang Seng Index rising 165 points to 26,750 points, and the National Index and Hang Seng Tech Index increasing by 50 points and 48 points respectively. Chip stocks performed strongly, with ASMPT opening up 4.9%, and SMIC and HUA HONG SEMI opening up 1.6% and 2.1% respectively. Baidu opened up 3.8%, with JP Morgan raising its target price to HKD 195. Other tech stocks such as Tencent, Kuaishou, and Alibaba also saw gains, while automotive stocks BYD and Xiaomi opened higher. Financial stocks HSBC and Hong Kong Exchanges and Clearing rose slightly, gold prices fell, and some gold stocks opened lower

The NASDAQ Golden Dragon China Index preliminarily closed up about 2.2%. Among popular Chinese concept stocks, Baidu rose 8%, Century Internet rose 7.4%, GDS rose 6.1%, KINGSOFT CLOUD rose 4.6%, WeRide rose 4.3%, Alibaba rose 3.9%, YUM CHINA rose 2.7%, and Pinduoduo rose 1.4%. In terms of ETFs, CQQQ rose 3.4%, ASHS rose 2.3%, and KWEB rose 1.7%

China Prunes Export Incentives, As BYD Takes Global NEV Crown

China has scrapped export tax rebates for solar products and reduced them for EV batteries, aiming to boost tax revenue and stabilize pricing. Meanwhile, BYD has overtaken Tesla as the world's top NEV seller, with significant growth in overseas sales. However, concerns arise over BYD's high debt ratios, masked by complex financial instruments, prompting scrutiny from investors. The Chinese government has ordered BYD to dismantle its internal payment system, raising fears of potential financial instability. Investors are advised to be cautious amid these developments.

Tmall Medical Beauty fired the first shot at Meituan

Meituan's medical beauty landscape is facing the most intense "low-price airstrike" from e-commerce giant Alibaba. On January 21, Xinfeng noticed that on Tmall Medical Beauty's "Hundred

LGES builds pilot line for sodium-ion batteries

South Korean battery manufacturer LG Energy Solution (LGES) is constructing a pilot production line for sodium-ion batteries in Nanjing, China. This facility will assess the feasibility of mass production, with sample production expected to start this year. Sodium-ion batteries are seen as a resource-efficient alternative to lithium-ion batteries, though challenges remain in energy density and industrial scaling. Other manufacturers like CATL and BYD are also developing sodium-ion technology, with CATL planning large-scale deployment this year and BYD's factory designed for 30 GWh annual capacity.