China’s Market Regulator Eyes Crackdown on False Auto Marketing 🚗
CN:SAMR:State Administration for Market Regulation
China’s State Administration for Market Regulation is reportedly drafting new “false marketing identification methods,” with potential scrutiny on misleading promotions in the automotive sector. The move aims to tighten oversight on exaggerated advertising and deceptive claims amid fierce industry competition.
HK:01347.HK:HUA HONG SEMI Upgraded by Citi; Profit Miss Offset by Strong Margins 💹
HK:01347.HK:HUA HONG SEMI
Citi Research upgraded Hua Hong Semiconductor to “Buy” with a target price of HKD105 after its 3Q25 results. Despite a slight profit miss, higher capacity utilization and improved average selling prices lifted gross margins to 13.5%, surpassing guidance. CLSA also raised its target to HKD95.6, citing steady demand and an enhanced product mix.
HK:01060.HK:DAMAI ENT Beats Expectations with Strong Interim Profit 🎭
HK:01060.HK:DAMAI ENT
Damai Entertainment’s interim net profit is expected to exceed RMB500 million, topping forecasts from both the market and Jefferies. Growth was attributed to the success of its Alifish segment and reduced investment losses under a stronger asset structure.
CN Insurers See Solvency Decline, JPM Favors CHINA LIFE and PING AN 💼
HK:02628.HK:CHINA LIFE | HK:02318.HK:PING AN
JPMorgan reported that core solvency ratios for Chinese insurers fell an average of nine percentage points in 3Q25, pressured by rebounding bond yields. The bank maintained preference for China Life and Ping An, citing resilient earnings and reserve growth.
HK:FWD: FWD’s New Business Premiums Surge 90% YoY 📈
HK:FWD:FWD Group
FWD Group posted a 90% year-on-year increase in new business annualized premiums for 1H25, signaling strong demand for insurance products across Asia.
HK:0341.HK:CAFE DE CORAL Hits 22-Year Low Amid Profit Warning 🍱
HK:0341.HK:CAFE DE CORAL
Café de Coral’s shares tumbled 3.5% to a 22-year low after forecasting up to a 70% drop in first-half net profit, reflecting sluggish recovery in its Hong Kong operations.
HK:3008.HK:LENS to Supply Core Parts for XPENG-W Robots 🤖
HK:3008.HK:LENS | HK:9868.HK:XPENG-W
Lens Technology will reportedly supply key components for XPeng-W’s robotic division. The partnership highlights XPeng’s push into robotics, complementing its smart EV expansion.
HK:9868.HK:XPENG-W Crosses 200,000 Deliveries of MONA M03 🚘
HK:9868.HK:XPENG-W
XPeng-W announced cumulative deliveries exceeding 200,000 units of its MONA M03 model, reinforcing its position in China’s competitive electric vehicle market.
HK:02822.HK:XI2CSOPMSTR Tops ETF Gainers with 11.9% Surge 📊
HK:02822.HK:XI2CSOPMSTR ETF
The XI2CSOPMSTR ETF led Hong Kong’s midday gainers, soaring 11.9% to top the chart among major exchange-traded funds.
US:BABA:Alibaba’s Eddie Wu Maps Out Three Phases of AI Growth ☁️
US:BABA:Alibaba Group
Alibaba CEO Eddie Wu outlined a three-stage AI roadmap, emphasizing the company’s ramp-up in super AI cloud development. The group plans deeper integration across business lines to enhance competitiveness in the global AI race.
HK:00390.HK:CHINA RAILWAY Backed by UBS for Infrastructure Stability 🚄
HK:00390.HK:CHINA RAILWAY
UBS reiterated its “Buy” rating on China Railway, expecting infrastructure investment to remain a key stabilizer for China’s economy, supported by steady project pipelines and policy backing.
HK:1128.HK:WYNN MACAU Price Target Maintained at $9 🎰
HK:1128.HK:WYNN MACAU
CLSA kept Wynn Macau’s target price at HKD9 after 3Q EBITDA fell short of expectations, noting stable property operations despite market volatility.
HK:3115.HK:Hang Seng Index Slides as XIAOMI, CNOOC, and Others Hit New Highs 📉
HK:1810.HK:XIAOMI | HK:0883.HK:CNOOC | HK:0384.HK:CHINA GAS | HK:1880.HK:CTG DUTY-FREE | HK:6666.HK:EVERG SERVICES
Hong Kong’s Hang Seng Index dropped 301 points at midday, weighed by Xiaomi’s over 3% fall. Meanwhile, Xinyi Solar, CNOOC, China Gas, CTG Duty-Free, and Evergrande Services hit new highs on sectoral momentum.
HK:9618.HK:JD-SW and Kai Bo Join ‘Double 11’ Promo With 20% Discount 🛒
HK:9618.HK:JD-SW | HK:KaiBo:Kai Bo Supermarket
Kai Bo Supermarket is joining JD-SW’s Double 11 shopping festival, offering an additional 20% discount across Hong Kong on November 11–12 to boost holiday sales.
HK:0027.HK:GALAXY ENT Target Lifted by HSBC on Long-Term Prospects 🎡
HK:0027.HK:GALAXY ENT
HSBC Research raised Galaxy Entertainment’s target price to HKD43.5 and reaffirmed its “Buy” rating, citing improving long-term growth and solid fundamentals in Macau’s gaming sector.
US:NVDA:Nvidia Faces US Ban on New AI Chip Sales to China 🚫
US:NVDA:Nvidia
The US government reportedly restricted Nvidia from selling its new B30A AI chip to China, intensifying the ongoing tech trade tensions. The move could affect Nvidia’s data center business and broader AI supply chains.
China’s Economic Pulse and Corporate Movers: Analysts Turn Bullish on Key HK Stocks 💹
HK:01060.HK:DAMAI ENT Gains Momentum with Strong IP and Alifish Growth 🎭
HK:01060.HK:DAMAI ENT
CICC reaffirmed its “Outperform” rating on Damai Entertainment, highlighting strong growth potential in its Alifish division and continued focus on intellectual property expansion. Goldman Sachs and Morgan Stanley also maintained positive views following robust interim profit alerts.
HK:01347.HK:HUA HONG SEMI Faces Mixed Analyst Views, Cautious Outlook Ahead 🏭
HK:01347.HK:HUA HONG SEMI
Hua Hong Semiconductor received varying opinions from major institutions. Goldman Sachs and Citi remained positive, keeping “Buy” ratings and price targets up to HKD117 as 3Q gross margins beat estimates. However, BofA Securities maintained an “Underperform,” while Nomura stayed “Neutral,” citing cautious management guidance for next year.
HK:0388.HK:HKEX Target Lifted as Investors Eye Capital Reallocation 📈
HK:0388.HK:HKEX
UOB Kay Hian raised Hong Kong Exchanges and Clearing’s target price to HKD548 while maintaining a “Buy” call. CICC also reiterated a HKD500 target, citing solid fundamentals and opportunities in capital reallocation despite stagnant valuations.
HK:0027.HK:GALAXY ENT Sees Mixed Revisions; Long-term Growth Stays Intact 🎰
HK:0027.HK:GALAXY ENT
Galaxy Entertainment attracted differing analyst revisions—HSBC and Goldman Sachs increased target prices to HKD47 and HKD53.7, respectively, citing 4Q upside, while CLSA maintained an “Outperform” after a strong 3Q EBITDA beat.
HK:2317.HK:MEITU Boosted by AI and Overseas Push 🌍
HK:2317.HK:MEITU
Daiwa Capital Markets initiated coverage on Meitu with a “Buy” rating and a HKD10 target, forecasting long-term growth from overseas expansion and productivity tool adoption.
HK:3690.HK:MEITUAN-W Expands AI Assistant to Restaurants 🍲
HK:3690.HK:MEITUAN-W
Meituan-W announced full rollout of its AI management assistant across partner restaurants in China, streamlining operations and improving efficiency for its food service ecosystem.
HK:0700.HK:TENCENT Retains Crown in Global Mobile Gaming 🕹️
HK:0700.HK:TENCENT
Tencent remained the world’s top mobile game publisher in October, with its flagship title “Honor of Kings” reporting a 32% revenue jump, reinforcing its dominance in the gaming sector.
US:TSLA:Tesla Eyes Mega Chip Factory; Open to Intel Cooperation ⚙️
US:TSLA:Tesla | US:INTC:Intel
Elon Musk revealed Tesla may establish a mega chip factory and is not ruling out collaboration with Intel, signaling potential expansion into semiconductor self-sufficiency amid rising AI hardware demand.
HK:9992.HK:POP MART Under Investigation After Broadcast Incident 🎠
HK:9992.HK:POP MART
Pop Mart’s shares dropped 4% to a five-month low after confirming it is under investigation for a live broadcast controversy, though no employees have been dismissed in the probe.
HK:0211.HK:U-PRESID CHINA Target Cut by CLSA on Moderating Outlook 🍽️
HK:0211.HK:U-PRESID CHINA
CLSA trimmed its target price for Uni-President China Holdings to HKD10 but kept an “Outperform” rating, noting solid fundamentals despite slower near-term growth momentum.
HK:2886.HK:BEONE MEDICINES Target Lifted as Results Beat Expectations 💊
HK:2886.HK:BEONE MEDICINES
CLSA raised Beone Medicines’ target price to HKD288 following better-than-expected 3Q earnings, supported by stronger sales and improved margins.
CN:TRADE:China’s Exports Slip as Imports Edge Up; Trade Surplus Narrows 📦
CN:TRADE:China Trade Data
China’s October exports fell 1.1% year-on-year in USD terms while imports rose 1%, resulting in a trade surplus of USD90.07 billion—below expectations. In RMB terms, exports declined 0.8%, and imports gained 1.4%, signaling softer external demand but resilient domestic recovery.
CN:AGRI:China’s Soybean Imports Hit Record; Rare Earth Exports Steady 🌾
CN:AGRI:China Agriculture
China’s October soybean imports reached 9.48 million tons, setting a new record, while rare earth exports stood at 4,343.5 tons, reflecting ongoing resource trade resilience.
HK:HIBOR:1-Month HIBOR Declines for Fifth Straight Day 💰
HK:HIBOR:Hong Kong Interbank Offered Rate
The one-month HIBOR slipped to 3.04%, its lowest in a month, marking five consecutive days of decline amid stable liquidity conditions in Hong Kong’s interbank market.
US:DGT:Dow Jones Industrial Average | US:QQQ:Nasdaq Composite | HK:3115.HK:Hang Seng Index
Markets remained mixed across regions. Analysts note investor sentiment continues to hinge on Chinese macro data, corporate earnings momentum, and policy signals from Beijing and the U.S. Federal Reserve.
Markets Stir as Gold Forecasts Rise, Techs Move, and IPOs Ignite Hong Kong 🔥
US:ZLAB:ZAI LAB Falls Over 8% After Missing 3Q Estimates 📉
US:ZLAB:ZAI LAB
Zai Lab shares slumped 8% to a one-year low after reporting weaker-than-expected third-quarter results. The miss underscored lingering cost pressures and slower-than-anticipated recovery in new drug sales.
HK:9868.HK:XPENG-W Highlights $20T Robot Market Potential 🤖
HK:9868.HK:XPENG-W
XPeng-W estimated the global robotics total addressable market could reach USD20 trillion, emphasizing that both hardware and software must meet or exceed automotive-grade standards to ensure safety and performance in next-generation smart robots.
US:GLD:Gold Prices Forecast Raised to US$3,700–4,100/oz by State Street Global Advisors 🏆
US:GLD:State Street Global Advisors
State Street Global Advisors lifted its base-case gold price outlook to between USD3,700 and USD4,100 per ounce, citing persistent inflation concerns, geopolitical risks, and central bank demand as key price drivers.
HK:HKHOME:Hong Kong Private Housing Completions Jump 70% MoM 🏠
HK:HKHOME:Hong Kong Property Sector
Hong Kong’s private residential completions surged nearly 70% month-on-month to 1,004 units in September 2025, indicating steady progress in housing supply amid ongoing government efforts to address demand pressures.
HK:0388.HK:HKEX IPO Funds Raised Surge 2.1x YoY 💰
HK:0388.HK:HKEX
Funds raised via IPOs on the Hong Kong Stock Exchange jumped about 2.1 times year-on-year over the first ten months of 2025, reflecting renewed investor interest and stronger deal flow across the city’s capital markets.
HK:2886.HK:BEONE MEDICINES Turns Profit, Shares Up 3% 💊
HK:2886.HK:BEONE MEDICINES
Beone Medicines’ shares rose 3% after the company reported turning a loss into a profit last quarter, marking a return to profitability backed by improved revenue streams and cost controls.
HK:3115.HK:Hang Seng Index Opens Lower as HUA HONG SEMI Dips, XPENG-W Jumps 📉
HK:01347.HK:HUA HONG SEMI | HK:9868.HK:XPENG-W
The Hang Seng Index opened 135 points down, dragged by Hua Hong Semi’s post-results weakness, while XPeng-W surged nearly 5% on strong sentiment toward its robotics initiatives.
HK:BIOKIN:Biokin Kicks Off IPO with HKD39,292 Entry Fee 💉
HK:BIOKIN:Biokin Pharmaceutical
Innovative drugmaker Biokin launched its Hong Kong IPO with an entry fee of HKD39,292.30, drawing investor attention to the city’s growing biotech listings.
HK:3008.HK:LENS Among 9 Cornerstone Investors in CNGR’s IPO 🔋
HK:3008.HK:LENS | HK:CNGR:CNGR New Energy Material
CNGR New Energy Material began its IPO with nine cornerstone investors, including Lens Technology, highlighting strong institutional backing for China’s fast-expanding battery materials industry.
HK:9633.HK:NONGFU SPRING’s Zhong Shanshan Retains Title as China’s Richest Person 🏆
HK:9633.HK:NONGFU SPRING
Zhong Shanshan, chairman of Nongfu Spring, maintained his position as China’s wealthiest individual for the fifth straight year, driven by the beverage giant’s robust earnings and market dominance.
HK:0697.HK:SHOUCHENG’s Robot Fund Invests Again in MOTOREVO Robotics 🤖
HK:0697.HK:SHOUCHENG
Shoucheng Holdings’ Beijing Robot Fund made a follow-on investment in Motorevo Robotics, reinforcing confidence in China’s fast-growing intelligent automation sector.
HK:0017.HK:NWD Warns Limited Room for Debt Swap Improvement 💼
HK:0017.HK:NWD
New World Development informed creditors that there is little room for improving debt swap terms, according to reports, amid the company’s ongoing efforts to manage high leverage levels.
CN:RAREEARTH:China to Streamline Rare Earth Licensing for Supply Stability 🌏
CN:RAREEARTH:China Rare Earth Industry
China’s Ministry of Commerce announced plans to optimize rare earth export licensing to ensure stable global supply chains, underscoring its strategic dominance in critical minerals.
HK:1128.HK:WYNN MACAU’s Parent Reports 17.3% EBITDAR Growth in Macau 🎰
HK:1128.HK:WYNN MACAU
Wynn Macau’s parent company recorded a 17.3% year-on-year rise in adjusted property EBITDAR for 3Q25, signaling sustained strength in Macau’s post-pandemic gaming recovery.
US:TRUMP:Trump Warns Tariff Reversal Could Be “Devastating” 🇺🇸
US:TRUMP:Donald Trump
Former U.S. President Donald Trump reiterated that reversing tariff rulings would harm American industry competitiveness, as trade policy debates intensify ahead of the election cycle.
CN:WANGYI:Wang Yi Holds Call with UK Foreign Secretary 🤝
CN:WANGYI:China Foreign Ministry
Chinese Foreign Minister Wang Yi held a phone conversation with the UK’s Foreign Secretary, discussing bilateral relations and global cooperation matters.
US:COPS:Copper and Silver Added to Critical Minerals List for First Time ⚙️
US:COPS:Copper | US:SLVR:Silver
The U.S. government added copper and silver to its list of critical minerals for the first time, recognizing their growing importance in clean energy and semiconductor supply chains.
