BPXIAMI@EP2609A

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

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BYDDF

81211

002594

BYDDY

TSLA

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NTES

09899

HYDD

NFLX

02015

01810

81810

HXXD

XIACY

0306｜Dolphin Research Focus: 🐬 Macro/Industry 1) The US Dept. of Commerce is preparing to globalize its export approval regime for advanced AI chips, moving beyond country-specific controls. Reviews would be organized into three tiers based on purchased compute.Orders exceeding 200k chips would trigger government-to-government negotiations and the disclosure of critical technical details. Approved countries would also be required to commit matching investment in US digital infrastructure.This move reflects US tech hegemony and could destabilize the global semiconductor supply chain. It also raises compliance costs for US chip makers.It is likely to push countries to accelerate domestic compute R&amp;D, supporting China's semiconductor localization. Overall, expect faster onshore capacity build-outs and substitution.

BYD's 'disruptive tech' debuts; Xiaomi's mobile Agent emerges | Daily News Recap---

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On March 6th, the Hong Kong stock market's risk appetite warmed up, with all three major indices strengthening, led by the Hang Seng Tech Index which rose by 3.15%. The retail and internet sectors showed strong momentum, with JD-SW leading the surge with a 9.95% increase, while Tencent Holdings had the highest trading volume and closed up by 3.39%. On the macro level, the rebound in PMI and the recovery in exports provided support for the fundamentals. Although the rebound momentum continues, the market is still focused on whether policies and liquidity can help break through previous highs

- The Hong Kong stock market saw overall gains, with the Hang Seng Index closing at 25,757.29 points, up by 1.72%.  
- Notable performances included JD.com surging 9.95% and Tencent gaining 3.39%, while mixed results emerged in specific sectors.  
- Market momentum is supported by improvements in macroeconomic indicators, driving investor confidence and attention towards future policy impacts on risk preferences.

Market Heartbeat

JD-SW

MNSO

BABA-W

TENCENT

KUAISHOU-W

BILIBILI-W

XIAOMI-W

LENOVO GROUP

LEGENDHOLDING

REMEGEN

MENGNIU DAIRY

AKESO

CH ENERGY ENG

CHINA RES LAND

Tencent

Tencent Holdings Limited

Hang Seng TECH Index

Hong Kong stocks close | The Science and Technology Index leads with a 3.15% increase, JD rises nearly 10%, and both Tencent and Alibaba rise over 3%

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The Hang Seng Index closed at 25,757 points, up 435 points or 1.7%. The Hang Seng Tech Index reported 4,947 points, up 151 points or 3.2%. The total market turnover was HKD 292.766 billion. Active heavyweight stocks performance: XPeng rose 3.8%, Alibaba rose 3.5%, Tencent rose 3.4%. JD LOGISTICS rose 23%, JD Group rose 10%

AASTOCKS

FI CSOP HSI

HSTECH ETF

JD LOGISTICS

CSOP HS TECH

ISHARESHSTECH

According to the "All-Day Express," the Hang Seng Index rose by 435 points; the Hang Seng Tech Index increased by 151 points. Xiaomi Group rose by over 3%, Alibaba rose by over 3%, and Tencent rose by over 3%, with strong trading volume

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During the trading session, the three major indices of the Hong Kong stock market strengthened collectively, with the Hang Seng Index rising by 1.54% and the Hang Seng Tech Index soaring by 3.06%. In terms of sectors, internet content, retail, and hardware sectors led the gains, with leading stocks such as TENCENT, Alibaba, and XIAOMI showing strong performance, significantly boosting market sentiment. Funds are focusing on macro data and policy guidance, with TENCENT temporarily leading in trading volume at HKD 9.82 billion. As of the time of writing, overall trading volume is well-matched, but attention should still be paid to the pressure above

- Hong Kong's market shows a positive trend with the Hang Seng Index up 1.54% to 25,710.46, while the Hang Seng Tech Index and the Enterprise Index also increased.  
- Key sectors include internet content, retail, and hardware, with significant gains from Tencent, Alibaba, and Xiaomi, attracting increased capital.  
- The focus on macroeconomic data such as PMI, retail figures, and external factors like capital flows is influencing market sentiment and investment strategies.

LB Select

BIDU-SW

GEELY AUTO

KNOWLEDGE ATLAS

KINGSOFT CLOUD

XTALPI

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains

The short selling amount in the Hong Kong stock market for half a day was HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks. The main shorted stocks include Tencent, Alibaba, Xiaomi Group, BYD, and JD, with short selling ratios of 16.3%, 16.3%, 19.4%, 37.3%, and 43.5%, respectively

BYD COMPANY

The short selling in the Hong Kong stock market for half a day reached HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks

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The Hang Seng Index closed at 25,789 points, up 468 points or 1.9%. The Hang Seng Tech Index reported 4,973 points, up 177 points or 3.7%. Xiaomi Group rose 5.9%, Alibaba rose 4.3%, and Tencent rose 4%. Among the actively traded blue-chip stocks, JD LOGISTICS rose 21.3%, and JD Group rose 8.5%. Overall market performance was positive, with the National Index up 187 points or 2.2%

KraneShares 2x Long BABA Daily ETF

FL2 CSOP HSI

FI2 CSOP HSI

BABA 2x Long Daily ETF - GraniteShares

The Half-Day Express reports that the Hang Seng Index rose by 468 points; the Hang Seng Tech Index rose by 177 points. Xiaomi Group rose by over 5%, Alibaba rose by over 4%, and Tencent rose by over 3%

Xiaomi Group founder Lei Jun stated that due to the surge in AI demand, the prices of storage chips have skyrocketed, putting immense pressure on the mobile phone business. He mentioned that the adjustment in product prices stems from the rising costs of upstream storage chips, which are difficult to fully absorb. In 2025, the price of the Redmi K90 series smartphones was raised by 300-600 yuan, but was quickly reduced by 300 yuan due to market feedback. Global storage chip prices have reached an all-time high and are expected to continue rising in 2026, with significant increases in DRAM and NAND flash memory prices

- Rising AI demand has led to a surge in storage chip prices, impacting smartphone manufacturers like Xiaomi.  
- Xiaomi's CEO, Lei Jun, emphasized that this cost increase pressures the company's pricing strategies, which have already led to significant price hikes for models like the Redmi K90 series.  
- Analysts predict that ongoing chip price increases may result in substantial price hikes for new smartphones and a potential reduction in the production of budget models.

Wallstreetcn

Lei Jun talks again about the surge in memory prices: The mobile phone business is under great pressure

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NVDA

AVGO

VERA

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HTCD

0305 | Dolphin Research Focus: 🐬 Macro/Industry 1). On Mar 5, Premier Li Qiang delivered the Gov. Work Report at the 4th Session of the 14th NPC.He set a 2026 GDP growth target of 4.5%–5% and CPI around 2%, aiming to balance employment, livelihoods and industrial upgrading. The moderate inflation goal should help restore corporate earnings and anchor household expectations, supporting risk appetite in HK and A-share markets...

NVDA to reallocate H200 capacity; OpenAI races toward IPO | Daily News Recap

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The Hang Seng Index closed at 25,321 points, up 71 points or 0.3%. The Hang Seng TECH Index reported 4,796 points, down 33 points or 0.7%. The total market turnover was HKD 321.872 billion. Among the actively traded blue-chip stocks, Alibaba fell 2.8%, Meituan dropped 1.2%, and Tencent decreased 0.8%; HKEX and Xiaomi Group each rose 0.6%. JD Health fell 6.2%, while AIA rose 5.1%. West China Cement dropped 26.6%, and SH Electric rose 15.8%. KINETIC DEV reached a new high, rising 8.7%

CSI 300

Hang Seng Index

HKEX

KINETIC DEV

WESTCHINACEMENT

MEITUAN

Alibaba

Xiaomi Corporation

JD HEALTH

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The Hong Kong Economic Journal reported that the Hang Seng Index closed at 25,321 points, up 71 points; the Hang Seng TECH Index closed at 4,796 points, down 33 points. JD HEALTH fell over 6%, while KINETIC DEV reached a new high with strong trading volume

Global stock markets rebounded, with South Korean stocks rising over 12% and Japanese stocks up over 4%. U.S. stocks rebounded across the board, with the Dow Jones up 238 points, the S&P 500 up 52 points, and the Nasdaq up 290 points. Oil and gold prices rose slightly. Hong Kong stocks opened higher, with technology stocks such as Tencent, Alibaba, and MEITUAN generally rising, and HSBC up 3%. Xiaomi plans to launch new chips annually, while CNOOC received an upgrade but its stock price remained soft

- U.S. President Trump has officially nominated Waller to succeed Powell as the next Federal Reserve Chair, while Fed Governor Mester suggests that further interest rate cuts are appropriate despite the ongoing Middle East conflict's impact being too early to evaluate.  
- The U.S. dollar index fell to 98.69, leading to a rebound in major U.S. stock indices, with the Dow Jones rising 238 points and the Nasdaq adding 290 points.  
- Asian markets also reacted positively, with Japan's Nikkei 225 rising over 4% and South Korea's index increasing by 12%, while notable stocks like Samsung and SK Hynix saw significant gains.

Stheadline

HSBC

HSBC Holdings plc ADRhedged

Global stock markets rebounded, South Korean stocks once rose over 12%, the Hang Seng Index opened up 334 points, HSBC rose 3% | Hong Kong stock market opens

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Xiaomi Group plans to launch a brand new smartphone processor chip every year, demonstrating its ambition to enter the cutting-edge technology field. Xiaomi is also preparing to launch its own artificial intelligence assistant in overseas markets, aiming for cross-platform coverage. The XRing O1 released by Xiaomi last year is a system-on-chip manufactured using 3-nanometer technology, showcasing its capabilities in chip design

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Invesco S&P 500 Equal Weight Tech ETF

SP Funds S&P Global Tech ETF

iShares Semiconductor ETF

Guotai CES Semiconductor Chip Industry ETF

Direxion Semicon Bull 3X

Lu Weibing: Xiaomi plans to launch new smartphone processor chips every year

Xiaomi plans to release a new smartphone chip annually and develop its own AI assistant for international markets, as stated by President Lu Weibing in an interview with CNBC. The company aims to enhance its technology offerings, following the launch of its XRing O1 chip last year. The new chip will debut in a device in China this year and will be integrated with Xiaomi's HyperOS and AI assistant. Xiaomi is also preparing to introduce its AI assistant alongside its electric vehicles in overseas markets, potentially partnering with Google for AI models.

- Xiaomi showcased its Xiaomi 17 Pro Max smartphone at the Mobile World Congress in Barcelona on March 3, 2026, highlighting its ambition to produce a new smartphone processor annually.  
- Company president Lu Weibing confirmed plans for an AI assistant tailored for international markets alongside advancements in its custom silicon technology, aiming to enhance hardware-software integration.  
- The company intends to combine its XRing O1 chip, HyperOS, and AI assistant in future devices, starting in China and eventually expanding to global markets.

CNBC

VanEck Semiconductor ETF

China's Xiaomi tells CNBC it's planning a yearly smartphone chip release and its own AI assistant for overseas

GOOGL

AAPB

Xiaomi President Lu Weibing also stated that Xiaomi plans to integrate the Xuanjie O1 chip, HyperOS operating system, and AI assistant into the same device for the first time this year, starting with the Chinese market

- Xiaomi is accelerating its move into high-end technology, focusing on in-house chip development and AI integration.  
- Company President Lu Weibing announced plans to upgrade its self-developed SOC chips annually and launch an independent AI assistant for overseas markets, signaling a significant stride in technological self-sufficiency.  
- This integration of chips, operating systems, and AI assistants aims to create a competitive barrier distinct from third-party solutions, supporting Xiaomi's strategy as it prepares to enter the European electric vehicle market in 2027.

Alphabet

VanEck Vectors Semiconductor UCITS ETF Accum A USD

GraniteShares 2x Long AAPL Daily ETF

Alphabet - C

T-Rex 2X Long Apple Daily Target ETF

Apple

Direxion Daily AAPL Bull 2X Shares

Samsung Electronics Co., Ltd. Sponsored GDR

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Samsung Electronics 

Benchmarking Apple and Samsung! Xiaomi officially announces its self-developed SoC "annual upgrade" plan, intending to collaborate with Google Gemini to create an international version of the AI assistant

Xiaomi plans to release smartphone chips every year. (CNBC)

Invesco Semiconductors ETF

SPDR S&P Semicon

ChinaAMC Guozheng Semiconductor Chip ETF

China Southern CSI Semiconductor Industry Custom ETF

Today’s Key News Recap

BYD Company Limited

BYD COMPANY-R

BYD Company

Tesla

NTES-S

NetEase

NETEASE MUSIC

BYD HK SDR 10to1

Netflix

Li Auto

LI AUTO-W

XIAOMI-WR

Xiaomi HK SDR 2to1

BOYD Gaming

$XIAOMI-W(01810.HK)is evolving beyond smartphones with its EV ambitions and expanding AIoT ecosystem. Despite volatility in China tech stocks, Xiaomi’s ecosystem strategy gives it a strong competitiveWatching to see how the EV business scales in the coming quarters. #NewDiscussionZones

BPXIAMI@EP2609A(26247.HK)

BYD's 'disruptive tech' debuts; Xiaomi's mobile Agent emerges | Daily News Recap---

Hong Kong stocks close | The Science and Technology Index leads with a 3.15% increase, JD rises nearly 10%, and both Tencent and Alibaba rise over 3%

According to the "All-Day Express," the Hang Seng Index rose by 435 points; the Hang Seng Tech Index increased by 151 points. Xiaomi Group rose by over 3%, Alibaba rose by over 3%, and Tencent rose by over 3%, with strong trading volume

Hong Kong stocks intraday | Three major indices collectively strengthen, with Xiaomi Group and Alibaba leading the gains

The short selling in the Hong Kong stock market for half a day reached HKD 20.54 billion, accounting for 18.2% of the total turnover of shortable stocks