Huatai-PB CSI HK Equities 50 ETF

ICBC Penalized by PBOC for Violations

Sony and Tencent Resolve Video Game Dispute

Media Report Reveals Fierce Competition Between Alibaba and ByteDance in the AI Cloud Market

Meituan Announces Establishment of 10,000 Community Satellite Stores in 2025

Xiaomi repurchases 3.8 million B-class shares

Xiaomi-W repurchased 3.75 million shares for approximately HKD 150 million

Tencent Appoints 27-Year-Old Yao Shunyu as Chief AI Scientist

Li Ning officially joins Meituan's flash purchase platform

Meituan drones have completed over 670,000 low-altitude delivery orders

Meituan's autonomous vehicles achieve scaled deployment in Shenzhen

Meituan announces deepened partnership with Carlsberg Asia, leveraging the Black Pearl Restaurant Guide to enhance premium brand image

The "2025 China Game Industry Report" was released, showing a 7.7% year-on-year increase in total market revenue, with outstanding performance from mini-program games

Tencent Holdings repurchased 1.038 million shares

Xiaomi Car Obtains L3 Autonomous Driving Road Test License

AIA Reports Strong Q3 Performance

HKEX data shows BlackRock increased its stake in Meituan to 6.37%

Alibaba's DingTalk Launches Project D, Potentially Entering AI Hardware Field

JPMorgan releases its emerging markets high-conviction list, gives Alibaba an "Overweight" rating with a HK$225 price target.

Market rumors suggest Xiaomi SU7 may be updated in Q2 2026 with a potential price increase

Guosen Securities Maintains "Outperform" Rating on Tencent Holdings, Optimistic on Overseas Cloud and Gaming Businesses

BIDU

09888

TCEHY

TCTZF

00700

BABA

09988

Globally renowned technology analyst Dan Ives stated at the "Alpha Summit" that China's biggest investment opportunity lies in the robotics sector, particularly in humanoid robots. He is most optimistic about Alibaba, Baidu, and Tencent's performance in China's AI ecosystem

Wallstreetcn

Baidu

BIDU-SW

Tencent

Tencent Holdings Limited

TENCENT

Alibaba

BABA-W

Globally renowned technology analyst Dan Ives: The most enticing opportunities in AI lie in the robotics sector, with Alibaba, Tencent, and Baidu being the most promising

The "hard" breakthrough of the B-end ecosystem?

- DingTalk's secret project, known as "D Plan," has generated buzz in the tech community as it may introduce hardware, specifically the rumored "Doubao phone."  
- The project's details emerged ahead of the DingTalk AI 1.1 launch event on December 23, with implications that it represents a shift towards integrating software with hardware in enterprise-level AI solutions.  
- As the market speculates on the nature of the "Doubao phone," DingTalk's approach signifies a strategic change in Alibaba's offerings for the B-end market, amid increasing competition in collaborative offices and AI hardware convergence.

DingTalk's "D Plan" roadmap emerges

XIACY

01810

Xiaomi Auto has obtained an L3 level autonomous driving road test license in Beijing and has begun regular testing to explore smart mobility services

Xiaomi Corporation

XIAOMI-W

Xiaomi Automotive has obtained an L3 level road testing license

The total short selling amount in the Hong Kong stock market reached HKD 45.15 billion, accounting for 22.2% of the turnover of shortable stocks. The top five stocks with the highest short selling amounts are Hang Seng China Enterprises, Tracker Fund of Hong Kong, Alibaba, Tencent, and Southern Hang Seng Technology

AASTOCKS

The total short selling in the Hong Kong stock market for the day was HKD 45.15 billion, accounting for 22.2% of the turnover of shortable stocks

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HSBC

HSBA

HSBC GF ICAV Global Agg Bond UCITS ETF announced its net asset value (NAV) as of December 18, 2025. The NAV per share is $10.8642, with a total of 72,326,009 shares issued. This information is provided by RNS, the news service of the London Stock Exchange.

- The HSBC GF ICAV Global Agg Bond UCITS ETF reported a net asset value (NAV) of $ 10.8642 per share as of December 18, 2025, with 72,326,009 shares in issue.  
- There were 25,270,328 shares redeemed since the previous valuation.  
- This information is provided by RNS, the news service of the London Stock Exchange, which is approved by the Financial Conduct Authority.

London Stock Exchange

HSBC HOLDINGS

HSBC Holdings Plc

REG - HSBC GF ICAV Gl Ag $ - Net Asset Value(s)

HSBC GF ICAV Global Sukuk UCITS ETF announced its net asset value (NAV) as of December 18, 2025. The fund's NAV per share is 11.4221 USD, with a total of 372,682,623 shares issued and 40,000 shares redeemed since the previous valuation. This information is provided by RNS, the news service of the London Stock Exchange.

- HSBC GF ICAV Global Sukuk UCITS ETF reported a valuation date of December 18, 2025, with 372,682,623 shares in issue.  
- The net asset value (NAV) per share is $ 11.42, with $ 40,000 shares redeemed since the previous valuation.  
- This information is provided by RNS, the news service of the London Stock Exchange, authorized by the Financial Conduct Authority as a Primary Information Provider in the UK.

REG - HSBC GF ICAV Sukuk $ - Net Asset Value(s)

HSBC GF ICAV Global Gov Bond ETF announced its net asset value (NAV) as of December 18, 2025. The fund's NAV is $1,809,184.66, with a NAV per share of $10.9121. The total shares in issue are 165,796, and no shares have been redeemed since the previous valuation. This information is provided by RNS, the news service of the London Stock Exchange.

- HSBC GF ICAV Global Gov Bond ETF reported a net asset value of $1,809,184.66 as of December 18, 2025, with a share price of $10.9121.  
- The fund has 165,796 shares issued, and there have been no shares redeemed since the previous valuation.  
- This information is provided by RNS, which is approved by the Financial Conduct Authority as a Primary Information Provider in the UK.

REG - HSBC GF ICAV GblGov$ - Net Asset Value(s)

HSBC GF ICAV China Gov Bond ETF announced its net asset value (NAV) as of December 18, 2025. The fund's NAV per share is 11.2268 USD, with a total of 21,096,976 shares issued. This information is provided by RNS, the news service of the London Stock Exchange.

- HSBC GF ICAV China Government Bond ETF reports a valuation date of December 18, 2025, with an ISIN code of IE000N5JOGS.  
- The fund has shares in issue totaling 21,096,976.00, with a net asset value of 11.2268 USD per share and 12,315,518.19 shares redeemed since the previous valuation.  
- This announcement is facilitated by RNS, the Primary Information Provider approved by the Financial Conduct Authority in the UK.

REG - HSBC GF ICAV Ch Gov$ - Net Asset Value(s)

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Hong Kong stocks closed higher today with fluctuations, as all three major indices rose. The Hang Seng Index, Hang Seng Tech Index, and the National Enterprises Index maintained high-level fluctuations. The technology, internet content, and catering sectors led the gains, with heavyweight stocks like Tencent, Meituan, and Alibaba all closing in the green, and capital activity continued to increase. Retail data showed improvement, confirming the recovery in consumption. Stocks like Youjia Innovation and Kangqiao Yuelife also surged, driving market hotspots. Investors are focusing on Christmas consumption and fluctuations in the RMB exchange rate in the short term

- Hong Kong stocks closed higher today, continuing recent rebound momentum with the Hang Seng Index up 0.75% at 25,690.53 points.  
- The internet content sector performed well, driven by increased user activity, while retail performance varied due to fluctuating consumer demand.  
- Notable gainers included Youjia Innovation, which surged 31.22%, reflecting strong market interest in technology growth stocks.

Market Heartbeat

KUAISHOU-W

MNSO

JD-SW

HAIDILAO

YUM CHINA

MINIEYE

CIMC

KANGQIAO SER

SEM HLDGS

MEITUAN

Meituan

Hong Kong stocks closed｜Three major indices rose for consecutive days, with the Hang Seng Index up 1.25% leading the way. The technology sector was strong, with Youjia Innovation rising over 31%