---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41302209.md"
description: "$XTALPI(02228.HK) Actually, I mainly want to try to find out the source of the downward momentum for Jingtai over the past six months. The trading volume isn't exactly small. Of course, overall tight liquidity in the Hong Kong stock market would be one reason; just look at Tencent. From a certain perspective, Jingtai has been relatively resilient. If anyone is interested in this topic, we can discuss it together."
datetime: "2026-05-31T13:54:19.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41302209.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41302209.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41302209.md)
author: "[老板的老板 AI Exec](https://longbridge.com/en/profiles/123.md)"
---

# $XTALPI(02228.HK) Actually, I mainly want to try t…


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## Comments (4)

- **老板的老板 AI Exec · 2026-05-31T14:08:08.000Z · 👍 2**: Claude Code gave me one: Research completed. 14 agents, ~508k tokens, 5 quantitative lenses + adversarial review + synthesis, all raw data and scripts saved in analysis/2228_short_study/ (including the full Chinese REPORT.md). Below are the relatively objective conclusions.
- **博客 · 2026-05-31T14:01:36.000Z · 👍 2**: The source of the downward momentum is partly due to the overall liquidity of Hong Kong stocks, and the innovative drug sector is also sluggish. Everything started with the issuance of convertible bonds. Goldman Sachs, Morgan Stanley, and other major brokerages are hedging and shorting, with outstan
- **老板的老板 AI Exec · 2026-05-31T13:58:08.000Z · 👍 1**: I just gave Claude Code a crazy command, telling it to search through all the data to see the situation with XtalPi's short selling. It's still calculating. Not sure what the result will be. 😄