Fullgoal CSI SH-HK-SZ 500 ETF

Tencent Cloud Launches EdgeOne Pages Edge-Native Full-Stack Development Platform

Alibaba's stake in Leyou Holdings drops to 16.97%

Meituan's drones have completed 740,000 commercial orders

Meituan Travel Data Shows 'New Year's Light Chasing Tours' Are Popular, with New Year's Day Travel Bookings Up 117%

Alibaba Launches Image Generation Model Qwen-Image-Layered with Layer Understanding

Guojin Securities Releases Report, Optimistic About Xiaomi's "AI + Human-Car-Home Ecosystem" Value Restructuring

Yichun Xinfa Era Mining Co., Ltd. Established Jointly by CATL and Yichun Mining Co., Ltd.

Xiaomi Announces Watch 5 and Buds 6 Earphones to Launch on December 25

Alibaba to Announce Q3 Earnings; Positive Outlook for Stock Price

Ryan Cohen Pushes For Alibaba to Increase Share Repurchase Plan

Alibaba Group Reports Significant Net Income Decline in Q4 2024

Carlsberg Asia and Meituan deepen strategic partnership

Alibaba's investment in AutoNavi (Amap) is described as a 'bunker buster' bomb

Meituan recorded a large non-automated block trade worth HK$128 million

US lawmakers urge Pentagon to add Xiaomi and other companies to a list of entities allegedly linked to the Chinese military

Alibaba integrates Qianwen APP with Gaode Map to build AI ecosystem

Tencent reportedly gains access to advanced Nvidia AI chips by leasing servers in Japan

Alibaba's Cainiao Reportedly Plans to Invest in Autonomous Trucking Firm Jiusi Intelligence

Alibaba Launches Affordable New Model of Quark AI Glasses

Qianwen Releases Top 10 AI Prompt Words for 2025

BABA

09988

Douglas Lane & Associates LLC reduced its stake in Alibaba Group by 36.4% in Q3, selling 5,373 shares. Alibaba's stock opened at $149.70, with a 1-year range of $80.06-$192.67. Analysts have set new price targets, with a consensus rating of "Moderate Buy" and an average target of $194.00. Positive sentiment surrounds Alibaba's interest in Nvidia H200 AI chips, boosting cloud margins and AI services revenue.

- Douglas Lane & Associates LLC reduced its stake in Alibaba Group by 36.4% in Q3, holding 9,372 shares valued at $1,675,000 after selling 5,373 shares.  
- Several institutional investors also adjusted their positions, with noteworthy acquisitions and increases, indicating fluctuating investment strategies in Alibaba's stock.  
- Analysts maintain a consensus rating of "Moderate Buy," with various target prices reflecting a positive outlook on Alibaba's e-commerce and cloud growth, despite investor concerns about execution risks.

Market Beat

Alibaba

BABA-W

Alibaba Group Holding Limited $BABA Shares Sold by Douglas Lane & Associates LLC

HSBC

00005

HSBC ETFs Japan Screened Equity UCITS ETF announced its net asset value (NAV) as of December 19, 2025. The NAV is $257,680,840.00, with a NAV per share of $22.0901. The fund has 11,664,980 shares in issue and no shares were redeemed since the previous valuation. This information is provided by RNS, the news service of the London Stock Exchange.

- HSBC Japan Screened Equity UCITS ETF reported a net asset value of $ 257,680,840.00, with each share valued at $ 22.0901 as of December 19, 2025.  
- There are a total of 11,664,980 shares issued, and no shares were redeemed since the previous valuation.  
- This information is provided by RNS, the news service of the London Stock Exchange, compliant with Financial Conduct Authority regulations.

London Stock Exchange

HSBC HOLDINGS

REG - HSBC ETFs Jap Sus $ - Net Asset Value(s)

HSBA

HSBC EUROPE SCREENED EQUITY UCITS ETF reported a net asset value of €25,817,079.92 as of December 19, 2025, with a NAV per share of €18.7763. The fund has 1,374,980 shares in issue, with no shares redeemed since the previous valuation. This information is provided by RNS, the news service of the London Stock Exchange.

- The HSBC Europe Screened Equity UCITS ETF had a valuation date of December 19, 2025, with shares in issue totaling 1,374,980.  
- The net asset value of the fund is €25,817,079.92, resulting in a NAV per share of €18.7763.  
- No shares were redeemed since the previous valuation, and the information is provided by RNS, the news service of the London Stock Exchange.

HSBC Holdings Plc

REG - HSBC ETFs Eur Sus Eu - Net Asset Value(s)

MSCI

HSBC MSCI AC Far East Ex Japan UCITS ETF announced its net asset value (NAV) as of 19 December 2025. The NAV is $320,946,077.70 with a NAV per share of $67.8721. The fund has 4,728,686 shares in issue and no shares were redeemed since the previous valuation. This information is provided by RNS, the news service of the London Stock Exchange.

- The HSBC MSCI AC Far East ex Japan UCITS ETF reported a net asset value of $320,946,077.70 as of December 19, 2025.  
- There are 4,728,686 shares in issue with a net asset value per share of $67.8721.  
- This information was provided by RNS, a news service approved by the Financial Conduct Authority.

REG - HSBC ETFs ACFE xJap$ - Net Asset Value(s)

HSBC ETFs MSCI Emerging Markets UCITS ETF announced its net asset value as of December 19, 2025, with a NAV of $3,222,095,521.00 and NAV per share of $13.6155. The fund has 236,649,040 shares in issue, with no shares redeemed since the previous valuation. This information is provided by RNS, the news service of the London Stock Exchange.

- The HSBC MSCI Emerging Markets UCITS ETF had a valuation date of December 19, 2025, with an ISIN code of IE00B5SSQT1.  
- The fund has 162,236,649 shares in issue and a net asset value of $3,222,095,521.00, resulting in a NAV per share of $13.6155.  
- This information, provided by RNS, is regulated by the Financial Conduct Authority as a Primary Information Provider in the UK.

REG - HSBC ETFs Emer Mkts$ - Net Asset Value(s)

HSBC GF ICAV Global Agg Bond UCITS ETF announced its net asset value (NAV) as of December 19, 2025. The NAV per share is $10.8475, with a total of 72,326,009 shares issued. This information is provided by RNS, the news service of the London Stock Exchange.

- The HSBC GF ICAV Global Agg Bond ETF reported a net asset value (NAV) per share of 10.8475 USD as of December 19, 2025.  
- A total of 72,326,009 shares are currently issued, with 25,231,352.11 USD redeemed since the previous valuation.  
- This information is disseminated by RNS, a service approved by the Financial Conduct Authority in the UK.

REG - HSBC GF ICAV Gl Ag $ - Net Asset Value(s)

HSBC GF ICAV Global Sukuk UCITS ETF announced its net asset value (NAV) as of December 19, 2025. The fund's NAV per share is 11.4216 USD, with a total of 372,682,623 shares issued. This information is provided by RNS, the news service of the London Stock Exchange.

- HSBC GF ICAV Global Sukuk UCITS ETF announced its valuation on December 19, 2025, with an NAV per share of 11.42 USD.  
- The fund has 372,682,623 shares in issue and reported a share redemption of 30,639,813.29 since the previous valuation.  
- This information is disclosed by RNS, which is a Primary Information Provider approved by the Financial Conduct Authority in the UK.

REG - HSBC GF ICAV Sukuk $ - Net Asset Value(s)

HSBC Global Funds ICAV has released the net asset values for several of its funds as of December 19, 2025. The funds include Global ESG Government Bond, China Government Bond, Global Government Bond, Global Sukuk, Global Corporate Bond, Sustainable Development Bank Bond, Global Aggregate Bond, Euro Government Bond, Japan Government Bond, US Treasury Bond, and US Corporate Bond UCITS ETFs. The information is provided by RNS, the news service of the London Stock Exchange, and is approved by the Financial Conduct Authority.

- HSBC Global Funds ICAV provides updates on various ETFs, detailing shares in issue, net asset values, and share redemptions as of December 19, 2025.  
- Funds mentioned include the HSBC Global ESG Government Bond UCITS ETF, HSBC GF ICAV China Government Bond UCITS ETF, and others, with respective currencies in USD, GBP, EUR, and JPY.  
- This information is supplied by RNS, the news service of the London Stock Exchange, which complies with regulatory standards as a Primary Information Provider.

REG - HSBC Global Funds - Net Asset Value(s)

01810

00700

Hong Kong stocks closed higher today, with all three major indices rising. The Hang Seng Index, Technology Index, and National Enterprises Index all saw slight increases, continuing the positive market sentiment. The consumer and technology sectors performed well, with heavyweights like Alibaba and Tencent Holdings seeing active trading. Leading popular stock GP LOGISTICS rose by over 100%, driving market hotspots, and funds continued to concentrate on leading heavyweight companies

- The Hong Kong stock market saw all major indices close higher, with the Hang Seng Index ending at 25,801.77, a rise of 0.43%.  
- Key sectors showed strong performance, particularly semiconductors, driven by increased chip demand, with notable gains from SMIC and Hua Hong Semiconductor.  
- Retail sales growth and stable macroeconomic indicators bolstered investor confidence, leading to significant investments in consumer and technology sectors.

Market Heartbeat

Hang Seng Index

SMIC

HUA HONG SEMI

INNOSCIENCE

XIAOMI-W

LENOVO GROUP

TENCENT

BIDU-SW

KUAISHOU-W

CTG DUTY-FREE

CENTRALCHINA MT

DTXS SILK ROAD

RELIANCE GLO HL

MEITUAN

GP LOGISTICS

Tencent Holdings Limited

Tencent

Hong Kong stocks close｜Three major indices continue to rise, semiconductor and other technology sectors strengthen, China Duty Free leads the consumer sector

300750

03750

The battery metals market, including lithium, nickel, and cobalt, faces challenges due to oversupply despite growing EV demand. China's shift to lithium-iron-phosphate (LFP) batteries is impacting nickel and cobalt demand. Indonesia and Congo face oversupply issues, while lithium remains dominant but faces competition from sodium-ion technology. Global EV sales and battery energy storage systems are growing, with China leading the technological shift. The landscape for battery materials is rapidly evolving, affecting market dynamics and investment strategies.

Reuters

CATL

ROI-EV revolution rolls on but battery metals lose their charge: Andy Home

This year, the energy storage industry has fully exploded, with social capital actively participating in the development and investment of energy storage station assets. The wave of "assetization" in energy storage is bringing new challenges to battery cells, especially in terms of technological innovation. Large battery cells have become a trend, with CATL's 587Ah battery cell being the first to complete 2GWh shipments, and it is expected that the total shipment volume will reach 3GWh in 2025. The 500Ah+ large battery cells have entered the stage of large-scale commercial use, enhancing the value of energy storage assets