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CICC presents a table listing investment ratings and target prices for Chinese tech stocks.
CICC issued a report listing investment ratings and target prices for Chinese internet stocks: Stocks | Investment Rating | Target Price (1) Content, social media, and gaming companies Tencent (00700.HK) | Outperform | HKD 666 NetEase (NTES.US) | Outperform | USD 171 NetEase-S (09999.HK) | Outperform | HKD 265 Kuaishou-W (01024.HK) | Outperform | HKD 72.8 Bilibili (BILI.US) | Outperform | USD 30 Bilibili-W (09626.HK) | Outperform | HKD 232 Zhihu (
The Hang Seng Index rose by 109 points in the morning session, with Baidu gaining nearly 4% and Pop Mart surging 6%.
Market optimism over the continuation of U.S.-Iran nuclear talks and an extension of the ceasefire deadline led to a 0.6% rebound in the Dow Jones Industrial Average, while the Nasdaq Composite rose 1.2%. Mainland China’s imports last month exceeded expectations, but the trade surplus and exports were lower than anticipated. The Hong Kong stock market advanced in early trading; the Hang Seng Index opened 268 points higher and surged 334 points at one stage to reach 25,995 points. By midday, it was up 109 points, or 0.4%, at 25,770 points. The Hang Seng China Enterprises Index gained 25 points, or 0.3%, to 8,627 points, while the Hang Seng Tech Index added 8 points, or 0.2%, closing at 4,830 points. The total turnover in the morning session amounted to HKD 121.403 billion. Overseas software stocks performed strongly, with Kingsoft (03888.HK) and Kingdee (002
Chinese Customs: Preliminary estimates indicate cross-border e-commerce imports and exports reached RMB 618.46 billion in the first quarter.
Lü Daliang, spokesperson for the General Administration of Customs of China and Director of the Statistics and Analysis Department, stated at a press conference that preliminary estimates indicate that in the first quarter of this year, mainland China's cross-border e-commerce imports and exports amounted to RMB 618.46 billion (hereinafter the same), including RMB 473.55 billion in exports and RMB 144.91 billion in imports.
Hong Kong issues first batch of stablecoin licenses: Traditional finance takes the lead, while Web3 remains on the sidelines.
On April 10, 2026, Hong Kong's stablecoin regulation entered the 'operational' phase.
Hailan Home, teaming up with JD.com to 'put out fires' for Adidas, is turning into a 'contractor' for the下沉market?
Transformation anxiety
JD.com and Deep Blue Auto jointly launched the extended-range version of the Deep Blue L06.
JD.com-SW (09618.HK) announced a strategic partnership with Deep Blue Automobile to launch the Deep Blue L06 extended-range version. JD.com will provide exclusive sales and digital car purchasing services for the new model. The head of JD.com's automotive division stated, "The National Good Car 2.0 initiative offers two test drive options: open-store test drives and in-home deep test drives in select regions. Additionally, there are two delivery channels available: Deep Blue 4S stores and JD.com's National Good Car Delivery Centers."