<p>According to reports, the International Energy Agency (IEA) has proposed the largest oil reserve release plan in history, which has stimulated international oil prices to fall back below $90. Asian stock markets continue to rebound, but Hong Kong stocks maintained a narrow fluctuation trend on Tuesday, with the 26,000 level gained and lost. The Hang Seng Index closed at 25,898 points, down 61 points, with a daily fluctuation of only 330 points. The market turnover fell back to HKD 254.4 billion, less than HKD 300 billion, the lowest since the 25th of last month.</p>
<p>After opening 153 points higher following external markets, the Hang Seng Index rose as much as 190 points, reaching a high of 26,149 points, returning to the 26,000 level. However, heavy selling pressure at high levels and some previously hot technology stocks turned from rising to falling, causing the Hang Seng Index to turn upwards and maintain a narrow fluctuation trend, ultimately closing at 25,898 points, down 61 points; the National Index closed at 8,704 points, down 5 points; the Technology Index closed at 5,054 points, down 5 points.</p>
<h2>Report: State-owned Enterprises Prohibited from Deploying OpenClaw</h2>
<p>Foreign media reported that due to security risk concerns, state-owned enterprises and government agencies in mainland China, including large banks, are prohibited from deploying the AI lobster OpenClaw on office equipment; those who have already installed the related application must immediately cease use and arrange for deletion or report for security checks. The previously hot OpenClaw concept stocks generally fell back. MINIMAX (100) dropped 6.5%, closing at HKD 1,141; KNOWLEDGE ATLAS (2513) fell 6.1%, closing at HKD 609.5; XunCe (3317) plummeted 8.2%, closing at HKD 141.3; Tencent (700) decreased 0.3%, closing at HKD 552. However, Health 160 (2656), which is promoting the application of AI agents represented by OpenClaw in medical scenarios, rose against the trend by 28.5%, closing at HKD 113.2.</p>
<p>Related article: Foreign media reports that mainland China restricts state-owned enterprises and government agencies from deploying OpenClaw, including banks and military families.</p>
<p>Most heavyweight tech stocks turned from rising to falling at the close, with Alibaba (9988) down 0.2%, closing at HKD 133.2; Meituan (3690) fell 2.1%, closing at HKD 77.4; Kuaishou (1024) decreased 0.9%, closing at HKD 60.85.</p>
<h2>Nio Records Quarterly Profit, Rises 14%</h2>
<p>Nio (9866) achieved an operating profit of RMB 1.25 billion in the fourth quarter, marking its first quarterly profit, and the profit guidance for the first quarter of this year is strong. Nio surged 14.1%, closing at HKD 43.5, with other automotive stocks also rising against the trend. Geely (175) rose 8.2%, closing at HKD 17.39; XPeng (9868) increased 3.9%, closing at HKD 75.15; BYD (1211) rose 1.2%, closing at HKD 98.15.</p>
<h2>Cathay Pacific Increases Dividend by 30%, Rises 4.4% Post Earnings</h2>
<p>In individual stocks, Cathay Pacific (293) reported a net profit of HKD 10.828 billion last year, a year-on-year increase of 9.5%, and increased its dividend by 30%. Cathay Pacific's stock price rose 4.4% against the trend, closing at HKD 13.17; Lao Pu Huang Jin (6181) issued a profit warning, expecting last year's revenue and net profit to both increase by more than 2 times. The stock rose 2.3%, closing at HKD 654; Midea Group (300) announced plans to continue investing over RMB 60 billion in the next three years to promote a comprehensive transformation of its business towards AI
Midea rose 0.8% against the market, closing at HKD 86.65.</p>
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<p>At 12:25, the Hang Seng Index opened 153 points higher this morning, showing narrow fluctuations, with the increase narrowing to 9 points at 25,950 points at one point, and reaching a maximum increase of 190 points at a high of 26,149 points. As of noon, it reported 25,981 points, up 21 points or 0.08%, with a half-day turnover of HKD 147.4 billion. The Tech Index reported 5,073 points at noon, up 13 points or 0.26%.</p>
<p>Among the heavyweight blue chips, AIA (1299), CNOOC (883), and Tencent (700) supported the market, rising 1.3%, 2%, and 0.5% respectively at noon, along with Geely (175), which surged over 8.6%, contributing the most to the Hang Seng Index. In contrast, Meituan (3690) and HSBC (005) fell against the market by 2.7% and 0.7%, dragging down the performance of the Hang Seng Index.</p>
<h2>Geely's &#34;Galaxy M7&#34; Expected to Launch Sales in the First Half of the Year</h2>
<p>In terms of news, Geely Automobile's new mid-size hybrid SUV &#34;Galaxy M7&#34; from the Galaxy series has begun arriving at 474 authorized dealer stores nationwide, with official sales expected to launch in the first half of the year. In addition to Geely, CATL (3750), which recently announced impressive results, also rose 8.4% at noon, making it one of the best-performing blue chips.</p>
<p>On the other hand, although the &#34;lobster craze&#34; continues in mainland China, the two focus concept stocks showed signs of fatigue, with MINIMAX (100) and KNOWLEDGE ATLAS (2513) falling 1.6% and 0.6% respectively at noon.</p>
<h2>Lao Pu Gold's Net Profit Expected to Increase by Up to 233%</h2>
<p>In individual stock news, Lao Pu Gold (6181) announced a profit alert at noon, expecting last year's sales performance to be around RMB 31 billion to 32 billion, an annual increase of about 216% to 227%; revenue is expected to be around RMB 27 billion to 28 billion, an annual increase of about 217% to 229%; and net profit is expected to be around RMB 4.8 billion to 4.9 billion, an annual increase of about 226% to 233%. The stock closed at HKD 640 at noon, up 0.16%.</p>
<p>Regarding the main reasons for the increase in revenue and net profit, the group stated that the brand's influence continues to expand, forming an absolute market advantage, leading to significant growth in overall revenue from online and offline stores; continuous product optimization and new iterations ensure sustained high growth in online and offline revenue; and compared to 2024, 10 new stores were added, and 9 stores were optimized and expanded, generating incremental revenue contributions.</p>
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<p>At 09:30, news about the Middle East situation continues to cause significant fluctuations in oil prices. U.S. Energy Secretary Granholm posted on social media on Tuesday that the U.S. Navy successfully escorted an oil tanker through the Strait of Hormuz, but the post was deleted shortly after; White House spokesperson Levitt also stated that the U.S. did not escort any vessels. On the other hand, former U.S. President Trump demanded that Iran clear any mines that may have been laid, or face unprecedented military consequences.</p>
<h2>IEA Reportedly to Release Largest Oil Reserve in History</h2>
<p>Additionally, according to the Wall Street Journal, the International Energy Agency (IEA) has proposed the largest oil reserve release plan in history, with countries expected to make a decision on the plan on Wednesday (11th). Affected by the news, international oil prices plummeted, with Brent crude oil falling over 4% to USD 87, and WTI crude oil dropping over 3% to USD 83.7
The three major U.S. stock indices performed steadily on Tuesday, with the Dow Jones Industrial Average closing down 34 points or 0.07% at 47,706 points; the S&amp;P 500 fell 14 points or 0.21% to 6,781 points; and the Nasdaq rose slightly by 1 point or 0.01%. As for the Golden Dragon Index, which reflects the performance of Chinese concept stocks, it rose 1.96% to 7,222 points on Tuesday.</p>
<h2>Tencent Reportedly Secretly Developing WeChat AI</h2>
<p>In the Hong Kong stock market, the Hang Seng Index opened 153 points higher this morning, reporting 26,112 points. Amid the &#34;lobster craze,&#34; tech stocks generally performed well, with Tencent (700) reportedly secretly developing a WeChat AI, planning to launch it to all users in the third quarter of this year. The stock opened at HKD 578, rising over 4%. As for Baidu (9888), it will open a &#34;Lobster Market&#34; outside the K1 gate of Baidu Technology Park at 11 a.m. today (11th), where the company's engineers will provide &#34;one-stop&#34; services on-site, with the stock opening up nearly 2%.</p>
<p>Among other tech stocks, Alibaba (9988) rose over 1%; Meituan (3690) slightly increased by less than 1%; JD.com (9618) rose by 0.4%; while Xiaomi (1810) remained unchanged. As for the two major AI semi-new stocks, MINIMAX (100) opened down over 3%, and KNOWLEDGE ATLAS (2513) also fell by 3%.</p>
<h2>Health 160 Deploys &#34;Medical Digital Employees&#34;</h2>
<p>In individual stock news, Health 160 (2656) announced the gradual deployment of a &#34;medical digital employee&#34; system for medical institutions, promoting the application of AI agents represented by OpenClaw in medical scenarios, with the stock opening up 2%.</p>
<h2>Nio Turns Profit for the First Time in a Quarter</h2>
<p>In terms of earnings, Nio (9866) reported an adjusted net profit of RMB 727 million in the fourth quarter of last year, turning a profit for the first time in a quarter, while recording an adjusted net loss of RMB 6.622 billion in the same period of 2024. The stock opened at HKD 43.86, rising by 14%.</p>
<p>Related article: Nio reports adjusted profit of RMB 730 million in the fourth quarter, turning profitable for the first time, expects first-quarter revenue to more than double.</p>
<h2>Wugu Mofang Issues Earnings Surprise</h2>
<p>Wugu Mofang (1837) issued an earnings surprise, expecting a net profit of between RMB 260 million and RMB 265 million last year, an annual growth of 38% to 41%. The stock opened at HKD 1.29, rising over 14%.</p>
<p>Related article: Earnings surprise stocks anticipate increased dividends | Tang Niu</p>
<h2>Guofu Hydrogen Energy Issues Shares at a 12% Discount</h2>
<p>On the other hand, another listed company is raising funds through a share placement. Guofu Hydrogen Energy (2582) plans to place 4.909 million shares, raising approximately RMB 150 million, which corresponds to 4.84% and 3.88% of the expanded issued H shares and total shares, respectively, with a placement price of HKD 31.07 per share, a discount of 12.3% compared to the previous closing price of HKD 35.42. The stock opened at HKD 33, falling over 6%.</p>
<p>Regarding the northbound capital flow, there was a net sell of HKD 17.953 billion in Hong Kong stocks yesterday, but Tencent (700), Alibaba (9988), and Chongqing Chuanwei Fiber Optic Cable (6869) received net purchases of HKD 3.648 billion, HKD 1.332 billion, and HKD 151 million, respectively; while the Tracker Fund of Hong Kong (2800), Hang Seng China Enterprises (2828), and Southern Hang Seng Technology (3033) experienced net sales of HKD 13.556 billion, HKD 5.379 billion, and HKD 3.571 billion, respectively</p>

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<p>The Hang Seng Index closed at 25,898 points on Tuesday, down 61 points, with a range of only 330 points and a trading volume falling to HKD 254.4 billion. International oil prices fell below USD 90 due to the IEA's proposal for releasing oil reserves, stimulating a rebound in Asian stock markets. Technology stocks generally retreated, with MINIMAX and KNOWLEDGE ATLAS declining by 6.5% and 6.1%, respectively. State-owned enterprises are prohibited from deploying AI lobster OpenClaw on office equipment, putting pressure on related concept stocks. Health 160 rose 28.5% against the trend</p>

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The Hang Seng Index regained and lost 26,000 points, closing down 61 points. MINIMAX and KNOWLEDGE ATLAS fell 6%, while Cathay Pacific rose 4% after earnings｜Hong Kong stock market closing