SGHUAHO@EC2605B

HuaHong Semiconductor Obtains Shareholders' Approval for Acquisition and Financing Plans

Goldman Sachs Raises Earnings Forecast and Reiterates Buy Rating for Huahong Semiconductor

Huahong Semiconductor Issues New Shares to Acquire Target Company Shares

Huahong Semiconductor to Hold Extraordinary General Meeting for Shareholders' Approval on Acquisition and Share Issuance

BlackRock Increases Holdings in Huahong Semiconductor to 5.10%

SMIC to acquire 49% equity of SMIC North for 4.06 billion yuan

Goldman Sachs Maintains Hua Hong Semiconductor 'Buy' Rating, Price Target at HKD 117

Huahong Semiconductor's asset restructuring praised by Huatai Securities, target price raised to HKD 120

SMIC and Huahong Semiconductor Acquire Government Shares, Accelerating Semiconductor Industry Consolidation

CITIC Securities Maintains Buy Rating on Hua Hong Semiconductor

Huahong Semiconductor's Acquisition of Huali Micro Raises Market Enthusiasm

Huahong Semiconductor Announces Acquisition of Hua Hong Pmic for 8.27 Billion Yuan

Huahong Semiconductor Updates Share Acquisition and Discloses Financial Information

Huahong's Board Approves Issuing Shares to Purchase Huali Microelectronics Equity

Huahong Semiconductor's stock price may be overvalued by 22%

Hua Hong Semiconductor Plans Major Acquisition and Issuance of Renminbi Shares to Raise Funds

China Plans $100 Billion Investment to Boost Semiconductor Self-Sufficiency

ZY Securities Report: Huahong Company Stock Rated Buy, Profit Forecast Continues to Grow

Huarong Hongli Semiconductor Co., Ltd. established with business scope including IC manufacturing

Huahong Semi Shows Strong Q3 Flash Performance, Plans 40nm Product Launch

PROSP INV HOLD

ELEGANCEOPTICAL

RIDGE OUTDOOR

HING LEE (HK)

TIANYE WATER

BJ DIGITAL

MOST KWAI CHUNG

TIMES UNI GP

TRANSTECH

WANJIA GROUP

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01024

00981

01347

02513

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On February 11th, the three major indices of the Hong Kong stock market showed a fluctuating stabilization trend during the trading session, with the Hang Seng Technology Index performing strongly, leading with a rise of 1.05%, indicating a rebound in investor interest in technology growth stocks. The Hang Seng Index slightly increased by 0.21% to 27,239.34 points. Sector performance was notably mixed: the hardware and storage sectors saw widespread gains driven by positive news from Xiaomi's business, with Xiaomi Group rising by 4.55%; the internet sector experienced mixed results, with Bilibili rising over 4% while Tencent saw a slight pullback; the semiconductor sector weakened across the board, with SMIC falling nearly 4%. Additionally, popular stocks Zhihu and Lexin Outdoor showed significant gains. The market is currently focused on the strength of macroeconomic recovery, awaiting further economic data guidance

- On February 11, Hong Kong's main indexes stabilized, with the Hang Seng Index at 27,239.34, rising 0.21%.  
- The Hang Seng Technology Index led with a 1.05% increase, reflecting a recovery in tech stocks, while the Enterprise Index also gained 0.21%.  
- Market focus remains on macroeconomic recovery and liquidity changes, with upcoming trade and retail data essential for assessing domestic demand and export resilience.

Market Heartbeat

BILIBILI-W

TENCENT

KUAISHOU-W

XIAOMI-W

LENOVO GROUP

SMIC

HUA HONG SEMI

DRINDA

KNOWLEDGE ATLAS

KB LAMINATES

JLMAG

CNBM

BABA-W

VanEck Semiconductor ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

Direxion Semicon Bull 3X

GTJA Allianz SSE STAR Chip Design Thematic ETF

ChinaAMC Hang Seng Technology ETF(QDII)

iShares Semiconductor ETF

CSOP HS TECH

SPDR S&P Semicon

Tencent

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Dacheng Hang Seng Technology ETF(QDII)

Guotai CSI Semiconductor Material Equipment Theme ETF

Hang Seng TECH ETF I

Tianhong Hang Seng TECH ETF(QDII)

Huaan Hang Seng Technology ETF(QDII)

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

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Hua Hong Semiconductor Ltd. has received shareholder approval for its acquisition and capital-raising plan during an extraordinary general meeting. The resolutions included issuing consideration shares and a non-public issuance of RMB shares to raise funds. The meeting, held in Shanghai and online, also endorsed a whitewash waiver and consent for a special deal, addressing regulatory and governance requirements. Significant shareholders abstained from voting due to listing rules. The latest analyst rating for the stock is a Hold with a price target of HK$111.00.

Tip Ranks

Hua Hong

HG SEMI

Hua Hong Semiconductor Wins Shareholder Backing for Acquisition and Capital-Raising Plan

36Kr learned that the Hang Seng Index rose by 1.76%, and the Hang Seng Tech Index increased by 1.34%; the semiconductor, consumer, and non-ferrous metal sectors led the gains, with TIANYU SEMI, ZIJIN MINING, and POP MART rising over 5%; the telecommunications services and oil & petrochemical sectors saw the largest declines, with China Telecom and China Mobile dropping over 2%, and China Unicom and Shandong Molong falling over 1%; southbound funds had a net outflow of HKD 1.886 billion

36Kr

SOLOMON SYSTECH

POP MART

Zijin Mining

TIANYU SEMI

ZIJIN MINING

China Southern CSI Semiconductor Industry Custom ETF

Guotai CSI Non-ferrous Metal ETF

Hwabao WP CSI Non-ferrous Metal ETF

China Southern CSI SWS Non-Ferrous Metal ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

Yinhua CSI Non-ferrous Metal ETF

Penghua Guozheng Non-ferrous Metal Industry ETF

ChinaAMC Guozheng Semiconductor Chip ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

The Hang Seng Index closed up 1.76%, and the Hang Seng Tech Index rose 1.34%

688981

The Hang Seng Tech Index's afternoon gains expanded to 2%, with SMIC and Hua Hong both rising over 4%

Wallstreetcn

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Hong Kong's optical communication stocks saw a rise in volatility. According to Jin10, Changfei Optical Fiber and Cableand Huiju Technologyboth increased by over 5%, while Hua Hong Semiconductorrose by more than 4.5%. Cambridge Technologyalso followed the upward trend.

CoinLive

YOFC

TIME INTERCON

Hong Kong Optical Communication Stocks Experience Volatility

STECH

00HSI

09888

HUA HONG SEMI rose over 4%, Tencent Music, XPeng, and Baidu rose over 3%, while SMIC rose nearly 3%. Risk warning and disclaimer: The market has risks, and investment requires caution. This article does not constitute personal investment advice and does not take into account the specific investment goals, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk

XPENG-W

Hang Seng Index

TME-SW

BIDU-SW

The Hang Seng Index opened up 1.6%, and the Hang Seng TECH Index rose 1.9%

Hong Kong's optical communication sector experienced varied stock movements today. According to Jin10, Changfei Optical Fiber and Cablesaw a significant increase, rising over 7%. Meanwhile, Huahong Semiconductoralso experienced gains, climbing more than 1%. In contrast, Huiju Technologyand Cambridge Technologyboth faced declines, each dropping over 1%.

Hong Kong Optical Communication Stocks Show Mixed Performance

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Baidu, KINGDEE INT'L fell over 4%. Alibaba, KUAISHOU-W, BILIBILI-W, HUA HONG SEMI and others fell over 3%. Risk warning and disclaimer: The market has risks, and investment should be cautious. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial conditions, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk

KINGDEE INT'L

The Hang Seng Index opened down 1.97%, and the Hang Seng Tech Index fell 2.42%

002163

600185

The three major A-share indices fell throughout the day, with declines ranging from 0.6% to 1.6%. The People's Bank of China conducted reverse repurchase operations, with a net injection of 64.5 billion yuan. The Shanghai Composite Index fell by 26 points, the Shenzhen Component Index dropped by 203 points, and the ChiNext Index decreased by 51 points. Duty-free concept stocks rose in the afternoon, with some stocks like Zhuhai Zhumian Group and HNHD increasing by 3.1%-4.5%. Chip stocks continued to decline, with SMIC and Hua Hong falling by 2.7% and 2%, respectively

AASTOCKS

HNHD

ZHUHAI ZHUMIAN GROUP

The three major indices of A-shares in Shanghai and Shenzhen fell by 0.6%-1.6% throughout the day, while duty-free concept stocks rose in the afternoon, and chip stocks continued to decline

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36Kr learned that the Hang Seng Index fell 1.27% during the midday break, and the Hang Seng TECH Index dropped 1.16%; the precious metals sector led the decline, with TIANQI LITHIUM down over 12%, WANGUO GOLD GP and MMG down over 9%; semiconductor and technology stocks weakened, with HUA HONG SEMI and GIGADEVICE down over 5%, and Bilibili and Kuaishou down over 3%; consumer stocks rose against the trend, with YUM CHINA up over 9% and MNSO up over 5%; southbound funds had a net purchase of HKD 9.4 billion

YUM CHINA

MNSO

TIANQI LITHIUM

GIGADEVICE

WANGUO GOLD GP

The Hang Seng Index fell 1.27% at midday, and the Hang Seng TECH Index dropped 1.16%

The Hang Seng Index opened down 0.82%, and the Hang Seng Tech Index fell 1.31%. Bilibili dropped over 4%, Tencent Music and HUA HONG SEMI fell over 3%, and Alibaba, KUAISHOU, SMIC, Meituan, and others dropped over 2%. Baidu rose over 2% and authorized the implementation of a stock repurchase plan totaling no more than USD 5 billion, with the first dividend expected to be announced in 2026

- The Hang Seng Index opened down 0.82%, with the Hang Seng Tech Index falling by 1.31%.  
- Bilibili dropped over 4%, while Tencent Music, Hua Hong Semiconductor, Alibaba, Kuaishou, SMIC, and Meituan all saw declines exceeding 2%.  
- Baidu rose over 2% after announcing a stock buyback plan not exceeding 5 billion USD, with initial dividend distribution expected in 2026.

Tencent Music

Baidu

MEITUAN

Meituan

Alibaba

The Hang Seng Index opened down 0.82%, and the Hang Seng Tech Index fell 1.31%

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09980

01898

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YANKUANG ENERGY(01171) rose 10.58%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 29.3%. EASTROC(09980) rose 9.53%, with a trading turnover 819.7 Million HKD, and a year-to-date rose 11.2%. MINIMAX-WP(00100) fell 8.43%, with a trading turnover 691.1 Million HKD, and a year-to-date rose 222.4%. KNOWLEDGE ATLAS(02513) fell 6.58%, with a trading turnover 254.1 Million HKD, and a year-to-date rose 95.5%.

Top Gainers & Losers

YANKUANG ENERGY

EASTROC

CHINA COAL

CHINA EAST AIR

AIR CHINA

MINIMAX-WP

TRIP.COM-S

GANFENGLITHIUM

Top 5 HK Stock Gainers/Losers (>100B) (2.4)

The Hang Seng Index opened higher, refreshing its nearly four-year high; Tencent's performance exceeded expectations, receiving collective bullish calls from major banks; Chip stocks strengthened on the logic of domestic substitution, with SMIC leading the gains; Ping An's stake increase in China Taiping H-shares ignited the insurance sector; Cryptocurrency concept stocks surged as Bitcoin hit a new high; In the pharmaceutical sector, Jingtai Holdings reported its first profit, rising over 11%, while East Buy saw a sudden 12% increase.

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

Ping An Insurance

PING AN

PING AN-R

Ping An Ins HK SDR2to1

Ping An

SMIC HK SDR 5to1

CPIC

CHINA TAIPING

SUNSHINE INS

Life and Health Insurance

REMEGEN

RemeGen

WUXI BIO

WuXi Biologics

BEONE MEDICINES

BeOne Medicines

Beigene

FI2 CSOP HSI

INNOCARE

InnoCare Pharma

GRANDSHORES

AKESO

HORIZONROBOT-W

ZA ONLINE

Hot Trades in Hong Kong Stocks (8.14) | Hang Seng Index Hits Four-Year High at Opening, Morgan Stanley Says Foreign Capital Accelerated Inflows into Chinese Stock Market in July

SGHUAHO@EC2605B(21855.HK)

Hong Kong stock market intraday | Hang Seng TECH Index rose 1.05%, Xiaomi Group rose 4.55%, SMIC fell 3.91%

Hua Hong Semiconductor Wins Shareholder Backing for Acquisition and Capital-Raising Plan

The Hang Seng Index closed up 1.76%, and the Hang Seng Tech Index rose 1.34%

The Hang Seng Tech Index's afternoon gains expanded to 2%, with SMIC and Hua Hong both rising over 4%

Hong Kong Optical Communication Stocks Experience Volatility

Hot Trades in Hong Kong Stocks (8.14) | Hang Seng Index Hits Four-Year High at Opening, Morgan Stanley Says Foreign Capital Accelerated Inflows into Chinese Stock Market in July

Hot Trades in Hong Kong Stocks (8.12)｜SMIC/Hua Hong's Q3 Guidance Exceeds Expectations, Apple Supply Chain Soars, Coal Shortage Boosts Stock Prices!

Hot Trades in Hong Kong Stocks (8.8)｜Gold Sector Rises Across the Board on Tariff Catalysts, SMIC Leads Decline by 6%

Hot Trades in Hong Kong Stocks (8.7)｜ Chip Stocks Rebound Strongly, Apple Supply Chain Follows; Xiaomi and Pharmaceuticals Retreat Under Pressure

Hot Trades in Hong Kong Stocks (8.4)｜ Semiconductor and Gold Stocks Perform Strongly, Innoscience Surges Over 25%