【Hong Kong Stock Night Futures + Northbound Funds】Northbound Funds Withdrew Nearly HK$11.5 Billion; Sold Approximately HK$11.1 Billion in Index ETFs, Bought Over HK$1.2 Billion in Yao Tai; Hang Seng Index Night Futures Rose 68 Points (Continuously Updated)

【Hang Seng Index / Hang Seng Index / HS/HSI / Hong Kong Stocks / Night Futures / ADR】Northbound funds today withdrew 11.48 billion HKD, mainly selling index ETFs, including the Tracker Fund (02800).
They also sold 8.82 billion HKD of China Index ETFs (02828).
There was a net selling of 1.82 billion HKD in Southbound funds for the Hang Seng Tech ETF (03033).
Additionally, net sales of 460 million HKD occurred in Longfei Optical Fiber Cable (02829) and Tencent (00700), with net sales of 700 million and 630 million HKD respectively.
In contrast, Yau Tai Securities (01428) attracted 1.23 billion HKD of net buying after resumption.
Xiaomi (01810) and Alibaba (09988) each had net purchases of 300 million HKD.

Northbound Fund Movements:

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Hang Seng Index gains 34 points, regains 26,000 but slips back — Meituan rebounds 2%, Yau Tai Securities surges over 46% after resumption, and Mason Bay Wharf halves in value

Hong Kong stocks remain stable but have not yet firmly established above 26,000.
The Hang Seng Index opened 104 points higher at 25,938, reaching a high of 26,250 in early trading, up to 416 points at one point, then gradually narrowed gains.
The index closed up 34 points at 25,868, with a turnover of 268.26 billion HKD.
The Tech Index fell nearly 0.1%, closing at 5,107.

Yau Tai Securities (01428) surged over 46% after resumption.
Meituan (03690) rose 2%.
Tencent (00700) declined over 1%.
Geely (00175) gained over 4%.
Xunlei (03317) soared over 30%.

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US Markets update continuously, see details on the next page

Financial Daily:

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Market Trends:

【19:35】 Hang Seng Night Futures up 68 points, at 25,957.

【18:29】【2013 Earnings】Weimob (2013) reported a net profit of 42.4 million HKD last year, marking its first annual profit since listing. Operating cash flow turned positive.

【18:10】【Tencent-related earnings】China Literature (0772) reported an adjusted profit of 860 million RMB last year, down 24.8% year-on-year.

【18:02】【TME earnings】Tencent Music (TME) pre-market down 1%.
Q4 adjusted EPS increased 9%, with a 33% dividend hike to 12 cents.

【17:58】【Mason Bay Wharf 1716】On the first day of resumption, Ken Sir Lu Yujian cashed out 24.5 million HKD.

【17:45】【Property sector warning】Sunac (1918) expects a significant narrowing of losses last year to 12 billion RMB, mainly due to offshore debt restructuring gains.

【17:40】【Shareholding concentration】CSRC highlights Zhongju Investment (01716) with highly concentrated equity, less than 10% free float, posing volatility risks.

【17:30】Sunshine Insurance (2608) announced 2025 results: “New Sunshine Strategy” deepening implementation, writing a new chapter of responsibility and commitment.

【17:15】【HKD fixed deposit】HKD fixed deposit rates from 15 to 21 cents, with 18 banks offering quick, one-off rates.

【16:56】【823 Major Bank Report】Link REIT (0823) Q3 rental renewal rate worsened to -9.7%.
Broker notes that divesting non-core assets has become a strategic focus, with increased buyback potential.

【16:45】【2638 Earnings】CLP (02638) reported a net profit increase of 1.2% to over 3.1 billion HKD, with a final dividend of 16.09 cents. Gas-fired power accounts for about 69%.

【16:10】 Hang Seng Index up 34 points, closing at 25,868, with a turnover of 268.26 billion HKD. Tech Index down nearly 0.1%, at 5,107.
Yau Tai Securities (01428) surged over 46%.
Meituan (03690) up 2%.
Tencent (00700) down over 1%.
Geely (00175) up over 4%.
Xunlei (03317) soared over 30%.

【16:00】 Hang Seng U-Share futures up 61 points, at 25,895.
Turnover: 2,590.7 billion HKD.

【15:45】 Sinopec (0386) down over 3%, low at HKD 6.26.

【15:38】 Market continues to rise, up about 25 points.

【15:14】 Longfor Fiber Optic Cable (06869) down over 12%, low at HKD 140.

【15:12】 Tencent (00700) to announce earnings tomorrow, down over 1%.
Alibaba (09988) up 0.7%.
Meituan (03690) up 2%.
Xiaomi (01810) up 0.2%.

【14:50】 Market up about 25 points, Tech Index down 0.3%.

【14:39】 HKEX (00388) down 0.4%, low at HKD 403.6.

【14:08】【Private Credit】HKMA probing private banks on private credit risk scale, private bankers arranging activities to soothe investor sentiment.

【13:45】 Hang Seng Index’s gains narrowed further to about 100 points, at 25,935, slipping below 26,000.

【13:42】【IPO News】Bloomberg reports China restricts red-chip companies from listing in Hong Kong; suggests dismantling red-chip structures.

【13:28】 Market’s gain narrowed to about 170 points, struggling around 26,000.

【13:11】 Mason Bay Wharf 1716 drops over 18%, low at HKD 3.15.

【13:02】 Hang Seng Index early afternoon up about 246 points, at 26,080, with a turnover of 1,429 billion HKD.
Tech Index up 1.2%, at 5,172.

【13:01】 Hang Seng International (01044) post-earnings gains expanded, early afternoon up over 4%, high at HKD 28.92.

【12:55】【9988 Analysis】Alibaba (09988) “three consecutive rises” ahead of earnings release Thursday.
Analysis: “Aircraft carrier-style business” rebounded to January highs, nearly 10% return.

【12:49】【AI+9988】Alibaba up over 2%, launches global enterprise platform “Wukong”.

【12:38】【1810】Xiaomi (01810) shares up 2% again; new SU7 launched Thursday, featuring Xiaomi Jiao Long chassis.
Lei Jun personally explains why “Asian Flying Man” Su Bingtian is the ambassador.

【12:26】【Hong Kong Market Analysis】HK stocks rose over 400 points with external support; Fuchang: Middle East instability may boost local investment, “personal safety” as an advantage.

【12:01】【Blue Chip 1044 Earnings】Hengan International (01044) annual profit up 10%, maintains final dividend of 0.7 RMB.

【12:00】Half-day Hang Seng up 254 points, at 26,088, back above 26,000.
Turnover: 1,401.8 billion HKD.
Tech Index up 1.3%, at 5,180.
Meituan (03690) up nearly 4%.
Alibaba (09988), Xiaomi (01810) up over 2%.
Geely (00175) up over 5%.
Pop Mart (09992) up over 4%.
Contemporary Amperex (03750) peaked at HKD 685, then fell 2%.
CNOOC (00883) down 3%.
PetroChina (00857) down over 1%.
Yau Tai Securities (01428) resumed trading with a nearly 66% surge.

【11:31】【Iran Situation】John Lee: Government monitors price changes, ensures stable energy supply; collusion on pricing will be handled legally.

【11:23】CNOOC (00883) down 4%, low at HKD 28.26.
PetroChina (00857) down over 1%.

【11:16】【1211 Analysis】BYD (002594) included in NVIDIA’s autonomous driving partnership; stock rebounded to red-chip level.
Fuchang: Intense domestic competition and overseas expansion attract attention.

【11:03】【AI+9988】Baidu’s Xiaodu to launch “Home-use Little Lobster” — “Available anytime, for the whole family, in a closed loop.”

【10:57】CK Hutchison (00001) up over 1%, high at HKD 60.1.
Hutchison sells ports: Panama port company continues to ignore legal process after weeks of government takeover, refuses to return investors’ assets.

【10:44】【NVIDIA】NVIDIA collaborates with BYD, Geely, etc., to develop L4 autonomous vehicles.

【10:32】Hang Seng Index once rose 416 points, high at 26,250, now up about 321 points at 26,155.
Meituan (03690) up over 4%.
Yau Tai Securities (01428) up 71%.

【10:32】Longfor Fiber Optic Cable (06869) down over 7%, low at HKD 142.2.

【10:13】Mason Bay Wharf 1716 retraces, down 10%, low at HKD 3.2.

【10:11】New World (00017) up 0.3%, high at HKD 9.53.

【Zhang Jiashun Family】Chow Tai Fook (1929) reportedly seeking refinancing for June maturing loan of HKD 7.3 billion.

【10:06】Market gains expand to 400 points, back above 26,200.

【10:04】Chow Sang Sang (00116) profit alert, shares up over 8%, high at HKD 14.54.

【09:43】Chow Sang Sang (00116) expects last year’s profit from core operations to be HKD 1.6-1.7 billion, up 107-120% year-on-year.

【10:00】Early trading: Hang Seng up over 300 points, above 26,000, at 26,161, up 327.
Turnover: HKD 597 billion.
Tech Index up 1.7%, at 5,199.
Alibaba (09988), Xiaomi (01810) up nearly 3%.
Meituan (03690) up over 3%.

【AI Agent】Alibaba establishes “Alibaba Token Hub” business group.

【09:43】Leapmotor (09863) up over 4% after earnings, high at HKD 46.66.
Leapmotor (09863) last year turned losses into profit of over 500 million RMB, exploring diversified cooperation with Stellantis.

【09:43】Zijin (02899) up 0.4%, Zijin Gold International (02259) up 0.5%, Zhaojin (01818) up 0.5%, Shandong Gold (01787) up 0.4%, Lingbao Gold (03330) up 0.4%, while gold prices stay near $5,000, supported by USD weakness and market assessment of emergency oil reserves release.

【09:22】Hang Seng Index opens 104 points higher at 25,938, challenging 26,000, with a turnover of HKD 38.8 billion.
Tech Index up 0.5%, at 5,137.
Yau Tai Securities (01428) surged over 64%.
Alibaba (09988) up 0.9%.
Contemporary Amperex (03750) up over 1%, hitting a new high of HKD 685 before retreating 2%.
Baidu (09888) down over 2%.

【14:28】NDRC approves Ant Group’s investment in Yau Tai Securities, resuming trading on 3.17.

【09:04】Hang Seng Futures up about 52 points, at 25,852.

【07:47】【Xi-Trump Meeting】Trump delays China visit by about a month, citing war and no tricks involved.

【07:45】【Morning Brief】Nvidia’s CEO expects chip revenue of $1 trillion next year or “still too conservative”.
NDRC approves Ant Group’s investment in Yau Tai Securities.
Google to expand Gemini to all Hong Kong users.

【07:45】Oil prices and USD index continue to decline, night futures close up 143 points at 25,894.
Chinese concept stocks’ gains narrow to 1%, closing at 7,215.
Baidu ADR down 3%.

| ADR | HKD Equivalent | Change from HK Market Close |
| Baidu | 119.22 | -3.00% |
| Meituan | 77.68 | -0.79% |
| Tencent | 562.77 | +0.77% |
| HSBC | 125.77 | +1.18% |
| Alibaba | 133.81 | -0.14% |

More Hong Kong ADRs and Chinese concept stocks quotes:

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【07:30】As G7 countries begin releasing oil reserves, short-term supply is ample, but Iran crisis continues to trouble markets. Trump says he has postponed his China visit by about a month due to ongoing war with Iran, reflecting expectations on the duration of the conflict.
Dow Jones up 387 points, at 46,946.
S&P 500 up 1%, at 6,699.
Nasdaq up 1.2%, at 22,374.

See US market close for details:

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Hong Kong stocks yesterday, for details see: 【Hong Kong Night Futures + ADR + Northbound Funds】 Night futures close up 143 points, Baidu US stocks lower, HK market 3%.