SGHZROB@EC2611A

JPMorgan initiates coverage on Horizon Robotics (9660.HK) with Overweight rating.

[Code Note] Horizon Robotics (9660.HK) rises driven by AI boom.

Horizon Robotics to be included in the Hang Seng China Enterprises Index effective March 9.

Horizon Robotics (9660.HK) stock price falls below 50-day moving average, signaling technical weakness.

Horizon Robotics (9660.HK) Rated Buy by HSBC with HK$11 Target

MWC Barcelona 2026 to open with focus on AI and intelligent mobility.

Horizon Robotics Shares Remain Active Amid Spring Festival Gala Humanoid Robot Craze

[Code 9660 Related] Horizon Robotics to be added to Hang Seng China Enterprises Index.

Horizon Robotics to be added to Hang Seng China Enterprises Index and Hang Seng TECH Index.

Horizon Robotics Sees Active Trading and Strategic Partnership with Bosch

Horizon Robotics (9660.HK) to be added to Hang Seng China Enterprises Index, effective March 9.

Horizon Opens Sources HoloBrain-0 Base Model and Framework

Horizon Announces Full Open Source of HoloBrain-0 Foundation Model and Framework

Horizon Robotics to be added to the Hang Seng China Enterprises Index.

China Bank analysts maintain buy rating and set target price for Horizon Robotics-W

Musk plans to sell Optimus robots next year

Goldman Sachs Maintains Buy Rating and Positive Outlook for Horizon Robotics in Smart Driving

HKEX to Launch Six New Stock Option Classes, Including Horizon Robotics, on January 19

neueHCT Completes Nearly $200 Million in Funding

Beijing Zhiyu Technology Co., Ltd. Established

HKC INT'L RTS

TIANBAO ENERGY

SUMMI

HANG YICK RTS

UNI PRINTSHOP

CHERISH SUN

NE ELECTRIC

SINO GAS HLDGS

MANY IDEA CLOUD

CREATIVE CHINA

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BEKE-W(02423) rose 5.63%, with a trading turnover 826.8 Million HKD, and a year-to-date rose 12%. CONCH CEMENT(00914) rose 5.53%, with a trading turnover 764.8 Million HKD, and a year-to-date rose 20.9%. MINIMAX-WP(00100) fell 14.38%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 356.7%. KNOWLEDGE ATLAS(02513) fell 10.75%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 382.4%.

- The Hang Seng Index rose by 0.66%, with a year-to-date increase of 4.4%, while the Hang Seng Tech Index fell by 0.19%, down 4.6% year-to-date.  
- Beike-W (02423) gained 5.63% with a trading volume of HKD 830 million, marking a 12% rise for the year, whereas Conch Cement (00914) increased by 5.53% with a trading volume of HKD 760 million, showing a 20.9% year-to-date gain.  
- MINIMAX-WP (00100) dropped 14.38% on a trading volume of HKD 2.27 billion, yet has surged 356.7% this year, while Zhiyuan (02513) fell 10.75% with a trading volume of HKD 1.68 billion, maintaining a year-to-date increase of 382.4%.

Top Gainers & Losers

BEKE-W

CONCH CEMENT

HSBC HOLDINGS

CHALCO

MINIMAX-WP

KNOWLEDGE ATLAS

MONTAGE TECH

GIGADEVICE

HORIZONROBOT-W

Top 5 HK Stock Gainers/Losers (>100B) (2.25)

XPEV

516380

MOTO

DRIV

CARZ

09868

HSBC Global Research released a report indicating that China's legal framework for autonomous driving is gradually improving. The recently released draft standards will enhance the safety and testing processes for L3 and L4 level autonomous vehicles. It is expected that L3 level technology will be widely deployed between 2026 and 2027, while L4 level applications will expand rapidly. The bank is optimistic about XPeng and Horizon Robotics, giving them buy ratings with target prices of HKD 108 and HKD 11, respectively

AASTOCKS

XPeng

Hwabao WP CSI Intelligent Electric Vehicle ETF

SmartETFs Smart Transportation & Tech ETF

Global X Autonomous & Electric V

First Trust S-Network Future Vehicles & Tech ETF

XPENG-W

"Big Banks" HSBC Research: China Improves Autonomous Driving Legal Framework, Optimistic About XPeng and Horizon

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Horizon announced that its HoloBrain-0 base model and framework are fully open-sourced. This open-source initiative includes not only the core algorithms of HoloBrain-0 but also the complete infrastructure RoboOrchard. The open-sourcing of HoloBrain-0 will help accelerate the transformation of embodied intelligence technology from laboratory prototypes to large-scale industrial applications, contributing to technological innovation and ecological co-construction in the entire field of embodied intelligence

GTJA Allianz SSE STAR Chip Design Thematic ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

ChinaAMC Guozheng Semiconductor Chip ETF

China Southern CSI Semiconductor Industry Custom ETF

Guotai CES Semiconductor Chip Industry ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Horizon Open Source HoloBrain VLA Base Model

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PONY

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CATL has been added to Hong Kong's Hang Seng Index, effective March 9, following a cumulative rise of 75% since its listing on May 20, 2025, with a market cap of HK$2.36 trillion ($302 billion). WeRide and Pony AI have joined the Hang Seng Composite Index, while Horizon Robotics is now part of the Hang Seng China Enterprises Index. WeRide is valued at HK$20.4 billion and Pony AI at HK$49.7 billion. CATL leads the global EV battery market with a 39.2% share in 2025.

CnEVPost

CATL

Pony AI

Hang Seng Index

WERIDE-W

Hang Seng Composite Index

PONY-W

CATL added to Hong Kong's Hang Seng Index; WeRide, Pony AI join Hang Seng Composite Index

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The Hang Seng Index Company announced the latest quarterly review results, with CATL, LAOPU GOLD, and CMOC being included in the Hang Seng Index constituent stocks, increasing the total to 90 stocks, while Zhongsheng Group was removed. In the case of the Hang Seng China Enterprises Index, BEKE and HORIZONROBOT-W were included, while China Resources Beer and Mengniu Dairy were removed, maintaining a total of 50 constituent stocks. There were no changes in the constituent stocks of the Tech Index

Stheadline

LAOPU GOLD

CMOC

Huaan Yifu Gold ETF

The Hang Seng Index quarterly review reveals that CATL, LAOPU GOLD, and CMOC have turned blue, increasing the number of blue-chip stocks to 90

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Hang Seng Indexes Company announced that in the quarterly review results up to December 31, 2025, the Hang Seng China Enterprises Index will add BEKE-W and HORIZONROBOT-W, while removing CHINA RES BEER and Mengniu Dairy. The total number of constituent stocks will remain at 50, and all changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026

Hang Seng China Enterprises Index

HSCEI ETF

Penghua CSI Alcoholic Drink ETF

MENGNIU DAIRY

CHINA RES BEER

Mengniu Dairy

In the "Quarterly Review," the Hang Seng China Enterprises Index includes BEKE-W and HORIZONROBOT-W while excluding CHINA RES BEER and Mengniu Dairy

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Horizon Robotics announced that Zhu Wei has officially taken over as the new president, succeeding Chen Liming. Zhu Wei was previously the executive president of passenger vehicle business at CATL, and his appointment is seen as an important strategic adjustment for the company in the smart vehicle sector. This personnel change aims to enhance the company's commercial implementation capabilities and ecological resource integration abilities to respond to changes in the intelligent driving market and future mass production targets

- Horizon recently appointed Zhu Wei as its new president, succeeding Chen Liming, amidst a strategic collaboration with Times Intelligent, a subsidiary of CATL.  
- Zhu Wei's extensive background in passenger vehicle operations at CATL will help Horizon scale its production and integrate supply chains, supporting its move from a tech company to a dominant market player.  
- This leadership change reflects Horizon's ambition to compete effectively in the smart driving sector amidst intensified industry competition and evolving market demands.

Wallstreetcn

Ping An CSI Auto Components Thematic ETF

E Fund CSI Auto Components Thematic ETF

Guotai CSI 800 Automobile and Parts ETF

HFT CSI Auto Components Thematic ETF

ChinaAMC CSI Auto Components Thematic ETF

The autonomous driving giant welcomes a new president

ROBO

PCRHY

515030

On Thursday (February 5), at the end of the U.S. stock market, the Bloomberg Electric Vehicle Price Return Index fell by 1.88%, closing at 3467.18 points. Among the constituent stocks, Volvo Car Group dropped by 22.53%, Aurora Innovation fell by 9.7%, Plug Power Inc. decreased by 9%, and MP Materials declined by 7.3%. Meanwhile, SVolt Energy Technology H shares rose by 2.79%, Xiaomi Group H shares increased by 2.83%, WeRide gained 3.5%, Horizon H shares climbed by 3.64%, and Panasonic Holdings Corporation surged by 8.41%

ROBO Global Robotics

Panasonic Holdings Corporation

MP Materials

Hua Xia CSI New Energy Vehicles ETF

Aurora Innovation

09987

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YUM CHINA(09987) rose 11.42%, with a trading turnover 1.1 Billion HKD, and a year-to-date rose 18.6%. HAITIAN FLAV(03288) rose 5.59%, with a trading turnover 394.2 Million HKD, and a year-to-date rose 3.8%. MINIMAX-WP(00100) fell 8.65%, with a trading turnover 675.2 Million HKD, and a year-to-date rose 194.5%. GANFENGLITHIUM(01772) fell 6.6%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 7.6%.

YUM CHINA

HAITIAN FLAV

LENOVO GROUP

WUXI APPTEC

GANFENGLITHIUM

JIANGXI COPPER

Top 5 HK Stock Gainers/Losers (>100B) (2.5)

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03033

LNVGY

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STECH

03088

The Hang Seng TECH Index turned positive in the afternoon after previously falling over 1.8%. Lenovo Group rose over 3%, HORIZONROBOT-W and XIAOMI-W rose over 2%

Huaan Hang Seng Technology ETF(QDII)

CSOP HS TECH

Lenovo Group

Hang Seng TECH ETF I

Dacheng Hang Seng Technology ETF(QDII)

ISHARESHSTECH

China Universal Hang Seng Technology ETF(QDII)

ChinaAMC Hang Seng Technology ETF(QDII)

Tianhong Hang Seng TECH ETF(QDII)

HSTECH ETF

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng TECH Index

CAM HS TECH

XIAOMI-W

01211

02015

The Hang Seng TECH Index's intraday decline narrowed to 0.4%, having previously dropped over 1.8%. Horizon Robotics, BYD COMPANY, LENOVO GROUP, and Li Auto rose over 2%

BYD COMPANY

LI AUTO-W

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On the 4th, the China Central Radio and Television Station announced in Beijing that the 2026 Spring Festival Gala will continue to focus on the integration and innovative practice of culture and technology, creating a "cultural New Year's Eve dinner" full of technological sense, with embodied robots taking the stage again to "dance" to new heights. (Xinhua News)

ONEROBOTICS

UBTECH ROBOTICS

Embodied Robotics will once again take the stage at the Central Radio and Television Station's Spring Festival Gala

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Starting next Monday (February 2), three major Hong Kong stocks—Zijin Gold, HORIZONROBOT-W, and China Mobile—will be listed in Singapore through Singapore Depository Receipts (SDR). The Singapore Exchange announced that this move will provide investors with a convenient investment channel in Singapore dollars, with a minimum investment amount of less than 400 SGD, compared to a minimum investment amount of up to 7,000 HKD for Hong Kong stocks. This move offers investors the opportunity to participate in leading Chinese industry enterprises

Zijin Gold and three other Hong Kong stocks, including China Mobile, will be newly listed in SDR form next week | Lianhe Zaobao

SGHZROB@EC2611A(24892.HK)

Top 5 HK Stock Gainers/Losers (>100B) (2.25)

"Big Banks" HSBC Research: China Improves Autonomous Driving Legal Framework, Optimistic About XPeng and Horizon

Horizon Open Source HoloBrain VLA Base Model

CATL added to Hong Kong's Hang Seng Index; WeRide, Pony AI join Hang Seng Composite Index

The Hang Seng Index quarterly review reveals that CATL, LAOPU GOLD, and CMOC have turned blue, increasing the number of blue-chip stocks to 90