HSTENCT@EC2609F

Games for Change and Tencent Games Announce New Partnership to Expand "Raising Good Gamers" Initiative

Tencent VP Sun Zhonghuai on Platform Strategy: Focus on People in the Future

Tencent's highly anticipated game 'Honor of Kings World' mobile version is scheduled to launch on April 17

Tencent reportedly may release AI-generated long-form drama and movie in the third quarter

Tencent QQ's HarmonyOS app is updated, wallet balance now supports transfers with WeChat.

WeChat Cracks Down on AI-Generated Content in Official Accounts

DeepSeek to Release Next-Gen Model V4 Fully Compatible with Huawei Ascend Chip

Morgan Stanley reiterates 'Overweight' rating on Tencent with a HK$650 price target

Goldman Sachs maintains 'Buy' rating for Tencent Holdings but lowers target price to HK$700

Tencent Cloud Takes the Lead in Supporting Rapid Cloud Deployment of Hermes Agent

Tencent's Hunyuan 3.0 large model to be released in mid-April

Tencent Open-Sources its Ad Recommendation Algorithm and a Ten-Million Scale Dataset

Tencent to Hold AGM on May 13, Seeks Mandate for New Share Issuance

CICC Maintains "Outperform Industry" Rating for Tencent Holdings with a Target Price of HK$666

Hong Kong-listed companies increase share buybacks during market adjustment, with Tencent's single-day buybacks exceeding HK$1 billion since April

Tencent's game "Roco Kingdom World" experienced an issue, server-wide compensation to be issued

API prices for large models from Tencent, ByteDance, and Alibaba double, signaling the end of low-cost AI packages

Elon Musk's X Launches XChat to Compete with WeChat and Introduces Smart Cash Tag

Morgan Stanley Expects AI Investment to Weigh on Tencent's Margins, Maintains 'Overweight' Rating

Tencent's Major New Game 'Honor of Kings World' Mobile Version Set for April 17th

NTES-S

KWAN YONG

PEIJIA-B

REMEGEN

RADIANCE HLDGS

POP MART

BAOZUN-W

ARCHOSAUR GAMES

XIAOCAIYUAN

HEPALINK

09688

09988

02076

02026

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The Nasdaq Golden Dragon China Index initially closed up 0.8%. Among popular Chinese concept stocks, PONY-W initially closed up 7.8%, ZAI LAB rose 5.7%, BOSS ZHIPIN-W gained 5.5%, Baidu increased 2.2%, Alibaba rose 1.5%, and Tencent advanced 0.8%. KWEB rose 0.9%

Wallstreetcn

ZAI LAB

BABA-W

BOSS ZHIPIN-W

PONY-W

TENCENT

NASDAQ Golden Dragon China Index

Pony AI

Zai Lab

Kanzhun

Baidu

BIDU-SW

Alibaba

Krne Csi China Internet

BIDU-SWR

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

00HSI

YANG

YINN

The Hang Seng Index closed at 25,947 points, up 75 points, failing to stabilize above the 26,000 mark. The market was affected by the situation in the Middle East, with a turnover of HKD 245.5 billion. Alibaba rose 3.3% after releasing AI tools, while Tencent and Meituan also saw slight increases. Some technology stocks performed unevenly, with MINIMAX falling 10.9%. Innovative drug concept stocks rose across the board, with Rongchang Biologics up 9.1%

- The Middle East situation continues to dominate markets, with expectations of US-Iran negotiations boosting Asian stocks.  
- The Hang Seng Index closed at 25,947 points, up only 75 points despite earlier gains, as tech stocks showed mixed performance and mainland A-shares weakened.  
- Market analysts suggest that the index may face resistance at 26,000 points while strong support lies at 25,000 points, influenced by geopolitical developments and the fundamentals of Chinese companies.

Stheadline

Hang Seng Index

Direxion FTSE China Bear 3X

Direxion FTSE China Bull 3X

The Hang Seng Index rose 75 points, regaining and losing 26,000. Alibaba rose 3%, MINIMAX plunged 11%. Experts indicate insufficient momentum in the stock market | Hong Kong stock market closing

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The total short selling amount in the Hong Kong stock market reached HKD 37.95 billion, accounting for 18.8% of the total trading volume of HKD 202.25 billion for shortable stocks. The top five stocks by short selling amount include CSOP HS TECH with a short selling ratio of 50.6% and a short selling amount of HKD 3.2 billion; TRACKER FUND with a short selling ratio of 28.3% and a short selling amount of HKD 3.07 billion; Alibaba-W with a short selling ratio of 14.4% and a short selling amount of HKD 1.63 billion; AIA with a short selling ratio of 45% and a short selling amount of HKD 1.43 billion; and TENCENT with a short selling ratio of 10.9% and a short selling amount of HKD 1.01 billion

AASTOCKS

CSOP HS TECH

TRACKER FUND

TRACKER FUND-R

AIA-R

AIA Group

The total short selling in the Hong Kong stock market for the day was HKD 37.95 billion, accounting for 18.8% of the turnover of shortable stocks

BIDU

TCEHY

BABA

09888

TCTZF

KBAB

BABX

The CICC report points out that OpenClaw promotes the practical application of AI, driving the growth of computing power demand, and resonating with the performance and prosperity of the cloud computing sector. In the medium to long term, attention should be paid to the real needs of enterprises, the core capabilities of cloud vendors, and the improvement of profit margins. Last year's fourth quarter saw accelerated cloud computing revenue, with strong AI demand, as Alibaba Cloud, Tencent Cloud, and Baidu Cloud generated revenue of 50.9 billion yuan, a year-on-year increase of 26%. Overseas cloud vendors continue to invest heavily, raising concerns about long return cycles. Domestic giants are investing heavily in AI applications, leading to short-term user growth, but retention rates are declining, and a sustainable business model will still take time

KraneShares 2x Long BABA Daily ETF

BABA 2x Long Daily ETF - GraniteShares

CICC

Amazon

Microsoft

Alphabet

Alphabet - C

Oracle

Coreweave

ByteDance

ORACLE CORP DEPOSITARY SH REP 1/2000TH PFD SER D

In "Major Banks," China International Capital Corporation: OpenClaw drives the implementation of large model practices and the reconstruction of industry business models

The short selling amount in the Hong Kong stock market reached HKD 18.19 billion in the half-day, accounting for 16.7% of the total shortable stock turnover of HKD 108.9 billion. The main shorted stocks include: CSOP HS TECH with a short selling ratio of 49.8% and a short selling amount of HKD 1.49 billion; TRACKER FUND with a short selling ratio of 21.5% and a short selling amount of HKD 1.19 billion; Alibaba-W with a short selling ratio of 13.6% and a short selling amount of HKD 1.05 billion; AIA with a short selling ratio of 48.1% and a short selling amount of HKD 760 million; and TENCENT with a short selling ratio of 10.5% and a short selling amount of HKD 660 million

The short selling in the Hong Kong stock market for half a day reached HKD 18.19 billion, accounting for 16.7% of the total turnover of shortable stocks

The Hang Seng Index rose 197 points in the half-day session, with Alibaba and Tencent leading the gains, and Laopu Gold surged 6%. The market opened higher on expectations of easing tensions in the US-Iran conflict, reaching a peak increase of 344 points. Half-day turnover was HKD 134.9 billion. AIA and the "two oil giants" fell against the market trend, dragging down the overall market. Internet healthcare stocks such as JD Health and Alibaba Health generally rose. Lingrui's shares changed hands, with the stock price soaring 275% at one point

- The Hong Kong stock market opened positively, with the Hang Seng Index initially rising 295 points, reaching a peak of 26,216 points, before settling at 26,069 points, up 197 points or 0.76%.  
- Notable movers included Alibaba and JD.com, which gained 4% and 6% respectively, while AIA and two major oil companies saw declines.  
- In U.S. markets, oil prices dropped significantly, and Nvidia shares surged 18%, reflecting a general optimism about easing tensions in the Middle East.

LAOPU GOLD

FI2 CSOP HSI

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

FI CSOP HSI

FL2 CSOP HSI

Huaan Yifu Gold ETF

The Hang Seng Index rose 197 points in the half-day session, with Alibaba and Tencent leading the gains. Laopu Gold surged 6%, and another stock changed hands skyrocketed by 233% | Hong Kong stock market opens

STECH

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The Hang Seng Index closed at 26,069 points, up 197 points or 0.8%; the Hang Seng TECH Index reported 4,943 points, up 91 points or 1.9%. Alibaba rose over 4%, JD LOGISTICS, CITIC, Bank of China, JD INDUSTRIALS, and ANGELALIGN reached new highs. Among the active heavyweight stocks, MEITUAN, TENCENT, HKEX, and Xiaomi Corporation all saw varying degrees of increase

Hang Seng TECH Index

JD LOGISTICS

Xiaomi Corporation

MEITUAN

CITIC

HKEX

JD INDUSTRIALS

ANGELALIGN

Hang Seng China Enterprises Index

XIAOMI-W

JD-SW

TRIP.COM-S

INNOVENT BIO

JD HEALTH

ALI HEALTH

SMIC

KUAISHOU-W

SBP GROUP

BANK OF CHINA

51WORLD

XUANZHUBIO-B

MEITUAN-WR

Meituan

Meituan HK SDR 5to1

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

XIAOMI-WR

Xiaomi HK SDR 2to1

Laopu Gld HK SDR 50to1

JD-SWR

JD.com

Trip.com HK SDR 50to1

Trip.com

JD HEALTH-R

SMIC HK SDR 5to1

KUAISHOU-WR

POP MART HK SDR 20to1

BOC HONG KONG

Bank of China

Bank Of China

The Half-Day Report: The Hang Seng Index closed at 26,069 points, up 197 points; the Hang Seng TECH Index closed at 4,943 points, up 91 points. Alibaba rose over 4%, while JD LOGISTICS, CITIC, Bank of China, JD INDUSTRIALS, and ANGELALIGN reached new highs

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Trump stated that the Iran conflict is nearing its end, and the market expects a de-escalation of the conflict, with all three major U.S. stock indices rising, and the Hang Seng Index opening up 295 points. JD.com’s stock price rose by 6%, and technology stocks such as Alibaba and Tencent also saw increases. However, WuXi AppTec and CSTONE PHARMA saw their stock prices decline due to placement news. Lingrui's equity changed hands, resulting in a significant increase in its stock price

- President Trump stated that the conflict with Iran is "coming to an end," leading to heightened market expectations and a rise in U.S. stock indices, with the Dow up 317 points, the S&P gaining 81 points, and the Nasdaq increasing by 455 points.  
- International oil prices fell significantly, with New York oil dropping nearly 8% to $91.28, while gold prices rose over 2% to $4,840.73.  
- In Hong Kong, the Hang Seng index opened up 295 points, with tech stocks like Alibaba and Tencent showing gains, though some companies announced share placements resulting in declines.

CSTONE PHARMA-B

KraneShares 2x Long JD Daily ETF

Trump claims the war is nearing its end, Hang Seng Index opens up 295 points, JD.com rises 6%, two pharmaceutical stocks surge, and another stock changes hands skyrockets 122% | Hong Kong stock market opens

According to data from the Hong Kong Stock Connect, the TRACKER FUND experienced a net outflow of HKD 3.161 billion, becoming the largest net outflow stock. Alibaba and Tencent saw net outflows of HKD 428 million and HKD 371 million, respectively. In contrast, Pop Mart, CNOOC, and SMIC experienced net inflows of HKD 412 million, HKD 257 million, and HKD 67.04 million, respectively. The total net outflow for the day was HKD 0, with a total transaction amount of HKD 103.154 billion, accounting for 43.57% of the total market transaction amount

CNOOC

CNOOC-R

Net outflow of HKD 3.161 billion from the TRACKER FUND under the Hong Kong Stock Connect

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CICC released a report listing the investment ratings and target prices for Chinese technology stocks, including Tencent, NetEase, KUAISHOU, and several other companies, all rated as "outperforming the industry." The target prices are HKD 666 for Tencent, USD 171 for NetEase, and HKD 72.8 for KUAISHOU, among others

NetEase

NETEASE MUSIC

In "Major Banks," CICC lists investment ratings and target prices for Chinese technology stocks (table)

Elon Musk's X is launching a new messaging app, XChat, on April 17, aiming to compete with China's WeChat. The app will feature end-to-end encryption, voice and video calls, disappearing messages, screenshot blocking, and support for large group chats. Additionally, X is introducing "Smart Cashtags" for trading stocks and cryptocurrencies, part of its new payments feature, X Money, which will soon be available to a limited group of users after internal testing.

- Elon Musk's X is launching a new messaging app called XChat on April 17, aiming to compete with China's WeChat.  
- XChat will feature end-to-end encryption, voice and video calls, disappearing messages, screenshot blocking, and support for large group chats.  
- This app marks the first step towards Musk's ambition to create a super app, while X is also introducing "Smart Cashtags" for trading stocks and cryptocurrencies within its platform.

Tip Ranks

Musk Set to Launch XChat This Week and Challenge WeChat's Super App Status

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Liu Xiaochun, Director of the Internet Law Research Center at the University of Chinese Academy of Social Sciences, stated that the new regulations on live streaming tipping aim to address chaos in the industry, particularly regarding the protection of minors. Minors' tipping behavior while watching live streams often does not align with their cognitive abilities, potentially leading to irrational and high-value tipping. Platforms and streamers may also engage in guiding or inducing such behavior

Tencent Music

BILIBILI-W

Bilibili

Global X Funds Social Media

Why Were 11 Regulations on Live Streaming Tipping Introduced and What Is Their Significance? Expert Analysis

According to the Hong Kong Stock Connect data, Tencent had a net outflow of HKD 1.689 billion, becoming the stock with the highest net outflow of funds. In comparison, Xiaomi Group, CNOOC, and SMIC had net inflows of HKD 273 million, HKD 218 million, and HKD 107 million, respectively. Overall, the net outflow of southbound funds was HKD 0, with a total transaction amount of HKD 93.032 billion, accounting for 44.75% of the market transaction volume

Net outflow of Tencent through Hong Kong Stock Connect amounted to HKD 1.689 billion

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The total short selling amount in the Hong Kong stock market reached HKD 31.29 billion, accounting for 17.8% of the total shortable stock turnover of HKD 175.3 billion. The previous day was 18.6%. The top five stocks by short selling amount include BYD COMPANY with a short selling ratio of 28.7% and a short selling amount of HKD 1.58 billion; TRACKER FUND with a short selling ratio of 15.6% and a short selling amount of HKD 1.58 billion; Alibaba-W with a short selling ratio of 18.1% and a short selling amount of HKD 1.14 billion; XIAOMI-W with a short selling ratio of 26.3% and a short selling amount of HKD 950 million; and TENCENT with a short selling ratio of 8.9% and a short selling amount of HKD 930 million

BYD COMPANY

The total short selling in the Hong Kong stock market for the day was HKD 31.29 billion, accounting for 17.8% of the turnover of shortable stocks

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Hong Kong stocks weakened across the board today, with market sentiment significantly under pressure. Blue-chip stocks collectively retreated, dragging the index down to test support levels, and the Hang Seng Index gave back some of its previous rebound gains. On the market, AI concepts and innovative technology companies became the only bright spot in the weak market, performing exceptionally well. DEEPEXI TECH led a group of small and mid-cap AI stocks to surge against the trend, reflecting that during the index adjustment phase, major funds are accelerating their shift towards hardcore tracks with high technological growth potential and expectations of commercial revaluation

- The Hong Kong stock market closed lower, with the Hang Seng Index falling by 0.90% to 25,660.85 points, reflecting weakened market sentiment.  
- The technology sector experienced significant declines, while AI-related companies like Dipu Technology surged by 59.19%, showing strong investor interest in AI commercialization.  
- Overall, market performance remains cautious, impacted by macroeconomic factors and liquidity fluctuations; investors are advised to monitor trade data and policy trends closely.

LB Select

LENOVO GROUP

DEEPEXI TECH

BUTONG GROUP

XUNCE

HAIZHI TECH GP

YOFC

Hong Kong stocks closed | All three major indices retreated, risk aversion spread, DEEPEXI TECH surged nearly 60% against the trend

HSTENCT@EC2609F(28217.HK)

HSTENCT@EC2609F Stock Performance Chart

The Nasdaq Golden Dragon China Index initially closed up 0.8%. Among popular Chinese concept stocks, PONY-W initially closed up 7.8%, ZAI LAB rose 5.7%, BOSS ZHIPIN-W gained 5.5%, Baidu increased 2.2%, Alibaba rose 1.5%, and Tencent advanced 0.8%. KWEB rose 0.9%

The Hang Seng Index rose 75 points, regaining and losing 26,000. Alibaba rose 3%, MINIMAX plunged 11%. Experts indicate insufficient momentum in the stock market | Hong Kong stock market closing

The total short selling in the Hong Kong stock market for the day was HKD 37.95 billion, accounting for 18.8% of the turnover of shortable stocks

In "Major Banks," China International Capital Corporation: OpenClaw drives the implementation of large model practices and the reconstruction of industry business models

The short selling in the Hong Kong stock market for half a day reached HKD 18.19 billion, accounting for 16.7% of the total turnover of shortable stocks