HS-HKEX@EC2611A

TRANSTHERA-B

ASIA STRAT TECH

SUMMI

MANY IDEA CLOUD

ZHONGMIAO

SKYMISSION GP

NICHE-TECH SEMI

KFM KINGDOM

INCON

CHINA CHENGTONG

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00388

01299

Hong Kong's American Depositary Receipts (ADRs) exhibited varied movements in comparison to the local market close. According to RTHK, in the financial sector, HSBC's ADR saw a slight increase of 0.1% compared to the Hong Kong close, while AIA Group and Hong Kong Exchanges and Clearing both experienced declines of nearly 1%. In the technology sector, ADRs for Alibaba and JD.com rose by nearly 1% to almost 3%, whereas Meituan's ADR fell by over 1%.

CoinLive

HSBC HOLDINGS

HKEX

JD-SW

BABA-W

Hong Kong ADRs Show Mixed Performance Compared to Local Market Close

HKXCY

HKEX says market capitalisation was HK$49.9 trln at the end of February

marketscreener

Hong Kong Exchanges and Clearing (HKEX)

HKEX says market capitalisation was HK$49.9 trln at the end of February

000300

00HSI

STECH

00700

07300

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%

AASTOCKS

CSI 300

Hang Seng Index

Hang Seng TECH Index

KINETIC DEV

WESTCHINACEMENT

MEITUAN

Alibaba

XIAOMI-W

Xiaomi Corporation

JD HEALTH

Tencent Holdings Limited

Meituan

TENCENT

SH ELECTRIC

FL2 CSOP HSI

CSOP CSI300

FI CSOP HSI

KraneShares 2x Long BABA Daily ETF

XL2CSOPHSTECH

BABA 2x Long Daily ETF - GraniteShares

FI2 CSOP HSI

FI2CAMNDQ100

CSOP HS TECH

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

Former Hong Kong lawmaker Chim Pui-chung has been granted HK$5 million bail pending an appeal against his conviction for fraud. He was sentenced to 34 months in prison for conspiring to defraud a listed company and the stock exchange. Chim, 79, must remain in Hong Kong, surrender travel documents, and report to police twice weekly. His son, Ricky Chim, received a 37-month sentence, while another defendant was sentenced to two years for laundering proceeds. Chim's earliest release date is October 27, 2023.

SCMP

Ex-Hong Kong lawmaker Chim Pui-chung granted HK$5 million bail in fraud appeal

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The Hang Seng Index closed at 25,051 points, down 717 points or 2.8%. The Hang Seng TECH Index reported 4,781 points, down 95 points or 2.0%. The China Enterprises Index fell 206 points or 2.4%, closing at 8,401 points. Ping An dropped 4.6%, and Alibaba fell 4.2%. Other heavyweight stocks such as HKEX and Tencent also experienced varying degrees of decline

Ping An

ALI HEALTH

PING AN

Hang Seng China Enterprises Index

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

HSCEI ETF

The Half-Day Express reports that the Hang Seng Index fell by 717 points; the Hang Seng TECH Index dropped by 95 points, Ping An fell by over 4%, and Alibaba fell by over 4%

Hong Kong's Treasury Secretary has unveiled new measures aimed at optimizing preferential tax regimes by broadening the range of eligible investment categories for funds and family investment vehicles. According to NS3.AI, the updated regulations now encompass digital assets located outside Hong Kong, as well as real estate, precious metals, loans, and commodities. These adjustments are part of the government's comprehensive strategy to bolster digital asset trading, carbon markets, and commodities.

Grayscale Bitcoin Mini Trust ETF

Coinbase

Grayscale Bitcoin Trust BTC - ETF

Newmont

ChinaAMC Gold ETF

EFUND GOLD MI-U

VanEck Gold Miners ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

iShares Gold Trust

SPDR Gold Shares

Sprott JR Gold Miners ETF

iShares MSCI Global Gold Miners

VanEck Junior Gold Miners ETF

EFUND GOLD MI ETF

Hong Kong Expands Tax Incentives to Include Digital Assets and More

00632

HKEX Rebukes CHK Oil, Former CEO Over Lease Disclosure Failures; Shares Plunge 42%

CHK OIL

HKEX Rebukes CHK Oil, Former CEO Over Lease Disclosure Failures; Shares Plunge 42%

HSBC

AAGIY

Hong Kong's American Depositary Receipts (ADRs) generally fell compared to the local market close. According to RTHK, ADRs for HSBC, AIA, and Hong Kong Exchanges and Clearing dropped by over 1% compared to their closing prices in Hong Kong. ADRs for ATMXJ also saw declines, with Tencent and Alibaba experiencing nearly 2% decreases. Edited by Zhang Shimin.

AIA Group

Tencent

STOCKS | Hong Kong ADRs Experience Decline Compared to Local Market Close

HKEX says CHK Oil found to have breached the listing rules for publishing financial results, others

HKEX says CHK Oil found to have breached the listing rules for publishing financial results, others

Xiaomi bought back 3.2 million type B shares on March 3, HKEX filing shows

Xiaomi bought back 3.2 million type B shares on March 3, HKEX filing shows

HSBC Global Research reiterated its "Buy" rating on Hong Kong Exchanges and Clearing, maintaining the target price at HKD 520. Management emphasized during a non-deal roadshow that HKEX will develop a central securities depository in a more favorable macro environment and build an FIC ecosystem through strategic investments, covering services such as bond issuance, trading, and custody. HSBC believes that HKEX will benefit from the wealth effect and the expansion needs of Chinese enterprises

HSBC Research: HKEX reiterates "Buy" rating, target price remains at HKD 520

HKEX says trading in shares of Contel Technology Co will be halted wef Mar 3

HKEX says trading in shares of Contel Technology Co will be halted wef Mar 3

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Morgan Stanley released a strategy report on the Chinese market, updating the list of focus stocks for Hong Kong stocks and Chinese companies. Newly included stocks are Zhaoyi Innovation and Sinopec, while Sunny Optical and Espressif Technologies have been removed. The focus stock list also includes Alibaba, Chalco, CATL, Yingen Biotechnology, HKEX, HKT, State Grid NARI, Ping An, Inovance Technology, SINOMATECH, Spring Airlines, Tencent, and Zijin Mining

SINOMATECH

CATL

Zijin Mining

SINOPEC CORP

SINOPEC N3101

HKT-SS

Morgan Stanley lists the latest focus stocks for Hong Kong stocks (table)

Today’s Key News Recap

0203 | Dolphin Research Focus: Macro/Industry. In early trading, Hong Kong stocks plunged on unverified tax rumors about revising the High-Tech Enterprise qualification and raising tax rates for internet and gaming. Against the backdrop that VAT changes for the telecom sector have already taken effect, the chatter quickly spread.It triggered a broad selloff across HK tech, internet, and gaming. Valuations were hit in the short term, risk aversion spiked, and funds rotated to safety.Dolphin Research has issued a First Take on this. See 'China ADRs: Tax Hike Rumor — The rationale behind the false alarm'...

Webull

Tesla

Alphabet - C

Alphabet

HKEX-R

Uber Tech

Palantir Tech

EASTROC

EASTROC BEVERAGE

WEBULL CORPORATION C/WTS 10/04/2030(TO PUR COM)

Tax-hike rumors rattled the market; Dongpeng Beverage's debut was 'lukewarm' | Daily News Recap

0109 | Dolphin Research Focus. 🐬 Macro/Industry 1) HKEX announced it will add six stock options effective Jan 19, covering names such as Zijin Gold Intl, Laopu Gold, and Horizon Robotics.The additions broaden derivatives choices and offer more risk management tools. They should also help lift liquidity in the underlying names.🐬 Single Stock 1) $Taiwan Semiconductor(TSM.US) TSMC reported Dec revenue of NT$335.03bn, down 2.5% MoM but up 20.4% YoY. 2025 YTD revenue rose 31.6% YoY...

Apple

Taiwan Semiconductor

JD-SWR

JD HK SDR 10to1

JD.com

LAOPU GOLD

Laopu Gld HK SDR 50to1

Direxion Auspice Broad COM

TSM Q4 rev. seen >NT$1 tn; GOOGL integrates Gemini into Gmail | Daily News Recap

Baidu

Hot topic

Appraisal value

Long-rumored Kunlun Chip spin-off is now official as $Baidu(BIDU.US) announced it.On Jan 2, BIDU proposed to spin off Kunlun Chip Technology for an independent listing on the HKEX Main Board, while retaining control (59.45%).BIDU has filed confidentially, and the detailed prospectus is not yet public.Based on available information, Dolphin Research will first outline a few key questions.1. Kunlun Chip's origins and evolution? It traces back to BIDU's FPGA accelerator project launched in 2011...

BIDU-SWR

BIDU-SW

Baidu HK SDR 10to1

BIDU ADR US

Kunlun Chip IPO fast-tracks: Is BIDU's Google moment here?

1209 | Dolphin Research Focus: 🐬 Macro/Industry 1) Hong Kong Exchanges and Clearing Ltd. (HKEX) announced the HKEX Tech 100 Index, tracking the 100 largest Southbound Stock Connect-eligible tech names across six themes, including AI, biotech, and autonomous driving. The index fills a gap for a broad-based vehicle covering diversified China tech in HK and could attract more southbound flows.🐬 Single Stock 1) $NVIDIA(NVDA.US). Trump posted on Truth Social...

NVIDIA

Allianzim US Large Cap Buffer10 Mar ETF

POP MART

Bio-Techne

Mirae Asset Global Investments Co., Ltd.

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Morgan Stanley

LEAPMOTOR

LI AUTO-W

NIO-SW

XPENG-W

POP MART HK SDR 20to1

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

Li Auto

NIO Inc. USD OV

NIO Inc

XPeng

HKEX debuts flagship Tech Index; NVDA H200 cleared for China exports | Daily News Recap

禾赛科技

Conference Minutes

The collaboration with BYD currently covers more than ten models, and more new models will gradually achieve mass production from 2025 to 2026.

Bloomage Biotech

Renaissance Ipo

Hello

Hesai

Pony AI

PONY-W

JD LOGISTICS

HESAI-W

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

XI2CSOPTSLA-U

XL2CSOPTSLA

Hesai (3Q25 Minutes): Lidar shipments are expected to reach at least 2 million to 3 million units by 2026

1030 ｜Dolphin Research Focus: 🐬 Macro/Industry 1. On October 29th, Eastern Time, the Federal Reserve announced its second rate cut of the year by 25 basis points, lowering the interest rate range to 3.75%-4%, and scheduled to end the balance sheet reduction on December 1st. However, the decision saw rare dissent, with one vote advocating for a 50 basis point cut and one vote opposing the rate cut. Powell stated that a rate cut in December is 'far from certain.' U.S. stocks rose first and then fell, with increased uncertainty in December's policy, coupled with high valuations in U.S. stocks, sector rotation may intensify. It is necessary to closely monitor subsequent employment and inflation data...

CTG DUTY-FREE

BYD COMPANY

SSE Index

The US-China meeting ends with market volatility; Google and Meta experience 'two different worlds' after hours | Today's Important News Recap

HS-HKEX@EC2611A(26257.HK)

Hong Kong ADRs Show Mixed Performance Compared to Local Market Close

HKEX says market capitalisation was HK$49.9 trln at the end of February

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

Ex-Hong Kong lawmaker Chim Pui-chung granted HK$5 million bail in fraud appeal

The Half-Day Express reports that the Hang Seng Index fell by 717 points; the Hang Seng TECH Index dropped by 95 points, Ping An fell by over 4%, and Alibaba fell by over 4%