JP#MTUANRC2608M

D&G TECH

SHANDONG MOLONG

CHK OIL

PETRO-KING

JIAXIN INTL RES

JX ENERGY

EASY SMART GP

YUANHENG GAS

MIE HOLDINGS

SINOPEC SSC

600435

03690

The military industry sector performed actively, with North Long Dragon rising over 11%. AVIC UAS, Zhongtian Rocket, ChenXi Aviation, Jieqiang Equipment, and NNCC followed suit. The commercial aerospace concept continued to rise, with China Spacesat hitting the daily limit. Previously, Discovery Dream Science & Technology and SDGI also reached the daily limit, while Geovis, Aerospace Huanyu, and Xingtou Control rose over 10%. CHINA SATCOM approached the daily limit

- The geopolitical tensions in the Middle East have escalated, leading to significant fluctuations in oil prices and a surge in oil and gas stocks on the A-share market.  
- On March 2, the A-share indices opened lower but saw early rebounds before declining again, while precious metals and aerospace sectors experienced notable gains.  
- Meanwhile, the Hong Kong stock market faced declines across major indices, and domestic commodity futures saw widespread increases, particularly in oil and shipping indices.

Wallstreetcn

SPDR Gold Shares

Newmont

NNCC

SSE Index

China Spacesat

VanEck Gold Miners ETF

Discovery Dream Science & Technology

Agnico Eagle Mines

ChiNext

ChinaAMC Gold ETF

ZHONGJIN GOLD

CHINA SATCOM

Sprott GLD Miners Etf

SD-GOLD

Zijin Mining

Pro Ultr GLD

SDGI

Invesco Db Precious Metals ETF

Jieqiang Equipment

Us Gbl GLD & Met

AVIC UAS

Aerospace Huanyu

ChenXi Aviation

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Abrdn Gold ETF Trust

North Long Dragon

Geovis

Kinross Gold

MEITUAN

AH shares all fell: After the Shanghai Composite Index turned positive at the beginning of the session, it turned to decline, with the ChiNext Index dropping over 1%. Oil and gas stocks surged, precious metals rose sharply, the Hang Seng Index fell over 3%, and tech stocks generally declined

Meituan's drone collaborates with the Hong Kong Youth Service Centre to trial a drone delivery route in Ting Kok Village, Tai Po, providing meal delivery services for the elderly. The route departs from the Science Park and goes directly to Ting Kok Village, using aerial straight-line distance to avoid ground traffic, reducing delivery time from one and a half hours to about 10 minutes. During the trial period, lunch and dinner deliveries are planned from Monday to Saturday. The person in charge of Keeta Drone stated that they hope to expand this model to more communities in the future

AASTOCKS

Meituan pilots drone delivery routes in Tingjiao Village, Tai Po, to provide meal delivery services for the elderly

BABX

MPNGY

09618

06618

BABA

09988

02618

KBAB

Meituan, Taobao Flash Sale, and JD.com responded to the newly released takeout regulations. Meituan stated that it will fully implement food safety requirements and increase support for catering merchants. Taobao Flash Sale, in collaboration with ecological partners, will build a food safety co-governance system, emphasizing platform review and public supervision. JD.com Takeout insists on quality takeout, establishing multiple review mechanisms and launching new brands to enhance food safety standards. The new regulations will be implemented starting June 1, requiring takeout merchants to indicate no dine-in and verify their business qualifications with regulatory authorities

BABA 2x Long Daily ETF - GraniteShares

JD.com

Meituan

JD-SW

JD HEALTH

Alibaba

BABA-W

JD LOGISTICS

KraneShares 2x Long BABA Daily ETF

Meituan, Taobao Flash Sale, and JD.com respond to new delivery regulations

01113

00669

0HSCI

02388

07200

07300

The Hang Seng Index closed at 26,630 points, up 249 points or 0.9%; the Hang Seng Tech Index reported 5,137 points, up 28 points or 0.6%. The total market turnover was HKD 288.42 billion. Among the active blue-chip stocks, Tencent rose 1.2%, MEITUAN rose 0.9%, and Hong Kong Exchanges and Clearing rose 0.9%. New World Development, Shenhua, CK ASSET, BOC HONG KONG, TECHTRONIC IND, and other stocks reached new highs with strong trading volume

CK ASSET

TECHTRONIC IND

Hang Seng Composite Index

BOC HONG KONG

FL2 CSOP HSI

FI CSOP HSI

According to the Hong Kong Daily News, the Hang Seng Index closed at 26,630 points, up 249 points; the Hang Seng Tech Index closed at 5,137 points, up 28 points. Sun Hung Kai Properties rose over 7%. Sun Hung Kai Properties, Shenhua, CK ASSET, BOC HONG KONG, and TECHTRONIC IND reached new highs with active trading

TCTZF

00700

00016

00HSI

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

Tencent Holdings Limited

TENCENT

SHK PPT

Hang Seng Index

Tencent

FI2 CSOP HSI

FI2CAMNDQ100

ISHARESHSI-U

ISHARESHSI

CSOP HS TECH

Krne Csi China Internet

TRACKER FUND

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

00825

00017

The Hang Seng Index opened 66 points higher this morning, reaching a maximum increase of 225 points, closing at 26,578 points, up 197 points or 0.75%. Sun Hung Kai Properties surged 6.8% in the half-day session, declaring an interim dividend of HKD 0.98, with several investment banks raising their target prices. New World Development rose 2.76%, and Cheung Kong Holdings increased by 1.95%. CK Hutchison fell 2.39% due to the termination of its Panama port concession. Technology stocks generally rose, with Tencent up 2.83% and MEITUAN up 2.05%. U.S. tech stocks were affected by a significant drop in NVIDIA, with the three major indices showing mixed performance

- The Hang Seng Index opened 66 points higher and peaked at 26,606, closing at 26,578, up 197 points or 0.75% with a turnover of 121.83 billion HKD.  
- Notable gains included New World Development, which rose 2.76%, while Longfor fell 2.39% amid challenges with its Panama operations.  
- In US markets, Nvidia's significant drop negatively impacted tech stocks, with the Nasdaq falling 273 points or 1.18%, while local stocks experienced mixed trading and a net outflow of 7.366 billion HKD.

Stheadline

NWDS CHINA

NEW WORLD DEV

The Hang Seng Index rose 1.97% in the half-day, Sun Hung Kai Properties surged 6.8%, New World Development increased by 2.7%, and ATM rose by 1% to 2.8% | Hong Kong stock market opens

HSCEI

09888

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%

Hang Seng China Enterprises Index

BIDU-SW

Baidu

HSBC HOLDINGS

"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

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

NASDAQ Golden Dragon China Index

LI AUTO-W

BYD COMPANY

VIPS

01519

83690

HMTD

89988

HBBD

BABO

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

03983

600938

601808

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

YOFC

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

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

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

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

Amazon

Roblox

Li Auto

DingDong

XPENG-W

XPeng

NIO-SW

NIO Inc. USD OV

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

---

JP#MTUANRC2608M(65471.HK)

AH shares all fell: After the Shanghai Composite Index turned positive at the beginning of the session, it turned to decline, with the ChiNext Index dropping over 1%. Oil and gas stocks surged, precious metals rose sharply, the Hang Seng Index fell over 3%, and tech stocks generally declined

Meituan pilots drone delivery routes in Tingjiao Village, Tai Po, to provide meal delivery services for the elderly

Meituan, Taobao Flash Sale, and JD.com respond to new delivery regulations

"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