--- title: "The Hang Seng Index opened up 175 points, tech stocks rose, Zijin Mining increased nearly 3%, and new stock Ridge Outdoor surged 96% | Hong Kong stock market opens" type: "News" locale: "en" url: "https://longbridge.com/en/news/275386489.md" description: "The Hang Seng Index opened 175 points higher this morning, reporting at 27,202 points. Among blue-chip stocks, ZIJIN MINING rose nearly 3%, and Pop Mart rose 2.4%. Tech stocks generally moved upward, with Tencent rising 0.5%, Xiaomi rising 0.8%, Baidu rising nearly 1%, and NetEase rising 2.4%. Alibaba's stock price rose 1.1%, and JD.com rose 1.2%. The new stock RIDGE OUTDOOR officially listed today, with a public offering recorded at 3,653 times oversubscribed. The US stock market continued to rebound, with the Dow Jones rising 20 points, the S&P 500 rising 32 points, and the Nasdaq rising 207 points" datetime: "2026-02-10T01:33:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275386489.md) - [en](https://longbridge.com/en/news/275386489.md) - [zh-HK](https://longbridge.com/zh-HK/news/275386489.md) generator: "portal-rs" --- # The Hang Seng Index opened up 175 points, tech stocks rose, Zijin Mining increased nearly 3%, and new stock Ridge Outdoor surged 96% | Hong Kong stock market opens The US stock market continued to rebound after last Friday, with the Dow Jones closing up 20 points or 0.04% at 50,135 points; the S&P 500 rose 32 points or 0.47% to 6,964 points; and the Nasdaq increased by 207 points or 0.9% to 23,238 points. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it rose 0.12% to 7,817 points on Monday. ## Google's Parent Company Plans to Issue Bonds to Raise $20 Billion Among the focus stocks, Google's parent company Alphabet (GOOGL) plans to issue dollar-denominated bonds to raise $20 billion, exceeding the initially expected $15 billion, and reports indicate that it has attracted over $100 billion in orders. The bonds may be divided into up to seven parts, with the longest maturity extending to 2066, and their spread is 0.95 percentage points higher than US Treasuries. Additionally, Alphabet is also promoting its debut bond issuance plans in Switzerland and the UK, with the UK market issuance potentially including a rare 100-year bond. The stock closed at $324.32 on Monday, up 0.45%. ## Mainland China Conducts Administrative Guidance on Employment for 16 Companies In the Hong Kong stock market, the Hang Seng Index opened up 175 points this morning, reporting 27,202 points. Among blue-chip stocks, Zijin Mining (2899) rose nearly 3%, and Pop Mart (9992) increased by 2.4%. Tech stocks generally moved upward, with Tencent (700) up 0.5%; Xiaomi (1810) up 0.8%; Baidu (9888) also rose nearly 1%; and NetEase (9999) surged 2.4%. It is noteworthy that the Ministry of Human Resources and Social Security of China, along with six other departments, is conducting administrative guidance on employment for 16 companies to protect the rights of workers in new employment forms. Additionally, the inter-departmental joint meeting office for the supervision of new transportation business formats organized discussions with Didi Chuxing under Alibaba (9988). Following the news, Alibaba's stock price rose 1.1% this morning; Meituan (3690) remained unchanged; JD.com (9618) rose 1.2%; SF Express (9699) fell 3%; Cao Cao Mobility (2643) increased by 2.3%; ZTO Express (2057) rose 0.05%; and Jitu Express (1519) increased by 0.8%. ## Ridge Outdoor's Public Offering Recorded 3,653 Times Oversubscription In terms of new stocks, Ridge Outdoor (2720), which officially listed today, recorded approximately 3,653 times oversubscription in its public offering, with a 1% chance of winning a lot, and the international offering was nearly 2 times oversubscribed; the stock opened at HKD 24.02, up 96%. ## Aisino's Lot Winning Rate at 18% Another new stock, Aisino (600), recorded approximately 103 times oversubscription in its public offering, with an 18% chance of winning a lot, and the international offering was over 5 times oversubscribed; the stock opened at HKD 28.2, unchanged. ## ZhongAn Smart Life to Issue Shares at a 16% Discount In other stock news, ZhongAn Smart Life (2271) plans to place 51.7414 million shares to raise HKD 78.65 million, accounting for 9.09% of its expanded issued shares, with a placement price of HKD 1.52 per share, a 16% discount compared to the previous closing price of HKD 1.81. After completion, ZhongAn Group's (672) stake in ZhongAn Smart Life will be diluted from 71.28% to 64.8%; both stocks reported HKD 1.81 and HKD 0.123 this morning, remaining unchanged In terms of northbound capital movements, yesterday saw a net sell of HKD 1.886 billion in Hong Kong stocks, with Tencent (700), CSOP HS TECH (3033), and Xiaomi (1810) receiving net purchases of HKD 1.8 billion, HKD 640 million, and HKD 209 million respectively; while the Tracker Fund of Hong Kong (2800), Hang Seng China Enterprises (2828), and Kuaishou (1024) experienced net sells of HKD 4.555 billion, HKD 1 billion, and HKD 569 million respectively ### Related Stocks - [09888.HK](https://longbridge.com/en/quote/09888.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [02899.HK](https://longbridge.com/en/quote/02899.HK.md) - [00241.HK](https://longbridge.com/en/quote/00241.HK.md) - [02720.HK](https://longbridge.com/en/quote/02720.HK.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [03037.HK](https://longbridge.com/en/quote/03037.HK.md) - [512400.CN](https://longbridge.com/en/quote/512400.CN.md) - [159871.CN](https://longbridge.com/en/quote/159871.CN.md) - [517770.CN](https://longbridge.com/en/quote/517770.CN.md) - [03033.HK](https://longbridge.com/en/quote/03033.HK.md) - [KJD.US](https://longbridge.com/en/quote/KJD.US.md) - [09999.HK](https://longbridge.com/en/quote/09999.HK.md) ## Related News & Research - [Osisko Metals (TSX:OM) 40x P B Looks Pricey On Gaspé Drill News](https://longbridge.com/en/news/300872308.md) - [STV Group average analyst price target cut by 18.90% to 120.36p](https://longbridge.com/en/news/300872041.md) - [PTA-News: Vidac Pharma Holding PLC: Results of Annual General Meeting](https://longbridge.com/en/news/300873822.md) - [GoGold Resources Advances Los Ricos South as Parral Funds Mexico Growth](https://longbridge.com/en/news/300874294.md) - [Nictus Insiders May Regret Not Buying More, Market Cap Hits R187m](https://longbridge.com/en/news/300872163.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**