XTALPI

$XTALPI(02228.HK) Position reduced as planned, leaving only profits. Will continue to hold for another year.

$XTALPI(02228.HK) That said, it's not entirely fair to blame Clever for this downturn; the broader Hong Kong tech sector has been in a bear market for over a year. Just look at Tencent's price a year ago. My current strategy is to rotate into suitable US stocks and reduce my position in Clever. 😄

$XTALPI(02228.HK) Chinese concept stocks are being sold off to pay taxes. This could be a key factor.

Repost:

Bloomberg reports: Offshore trust taxation - The final ultimatum has been issued, but almost no one is reporting.

The State Taxation Administration issued a "final reminder" just three days before the Oct 22 grace period expires, yet very few people have actually filed.

On Monday, Oct 19, the STA posted a reminder on its official website, urging relevant taxpayers to review their offshore trust arrangements and file taxes in accordance with the law by Oct 22, "to avoid late fees and other related risks." In the preceding months, local tax bureaus had already sent notices and SMS messages through various channels for three months. While the wording remained soft ("reminder," "helping taxpayers fulfill their legal obligations"), the timing combined with the mention of "late fees" effectively amounts to a final ultimatum.

An asset management industry insider, speaking anonymously, said: "Many mainland clients have come to us for consultations recently, but very few have actually completed the filing process. 'We do advise our clients to file, but they often choose to wait and see, or simply don't file at all. Ultimately, whether to file is the client's own decision.'"

Oct 22 is not the end, but a watershed moment for enforcement.

$XTALPI(02228.HK) Good news? Or bad news?

Anthropic has also entered the drug discovery space. The team behind writing prompts for Claude turns out to be Citrini Research, previously well-known in the semiconductor and AI sectors.

- After running for 64 hours, computational power generated 318,000 scorpion venom-binding proteins

- 211 candidates were selected; AI drafted emails to place orders with Twist Bioscience for synthesis

- Wet lab validation: 17 showed binding capability

318,000 designs, 211 advanced to the lab, 17 passed.

OpenAI: Acquired Orchestra to act as "project managers" at pharma companies overseeing schedules;

Anthropic: Letting AI generate its own questions and place orders directly, while leaving testing to the labs.

$XL2CSOPHYNIX(07709.HK)$XTALPI(02228.HK)Recently, a major takeaway for me has been: how significant is the fundamental picture in the face of liquidity? Before prices revert, can you distinguish whether it's a value issue or a liquidity issue?

$XL2CSOPHYNIX(07709.HK) $XTALPI(02228.HK) No crying in the casino

$XTALPI(02228.HK) XtalPi needs to find a new path; it must develop its own pipeline! It must develop its own pipeline! It must bring forth its own innovative drugs!

$XTALPI(02228.HK) A sigh, it's truly bitter. Let me think... let me think again about whether to cut myself off with one stroke 🙂

$XTALPI(02228.HK)Currently, this is most likely an effect stemming from the biotech crash in US stocks last night.