Duan Yongping reduces Pop Mart position: Position reduction ≠ bearish outlook
A misinterpretation triggered by equity disclosures from the Hong Kong Stock Exchange has brought the derivatives activities of a prominent value investor into the spotlight.
Zhitong Stock Connect Active Trading | August 6
Stock Connect Active Trading | August 6, 2026
泡泡瑪特:董事會會議通告
Pop Mart Sets August Board Meeting to Review Interim Results and Dividend
Express News | Duan Yongping’s stake decreased from 7.65% to 5.55%; Pop Mart clarifies: not an active reduction
Express News | H&H International Investment, managed by Duan Yongping, reduced its long position in Pop Mart to 5.55%.
Hua Long Securities: AI Empowers Media Content Production; Focus on Domestic Large Models and IP Going Global
AI has deeply permeated every stage of film and television production, game development, and advertising marketing, driving gains in content production efficiency and expanding creative possibilities.
S&P Global Market Intelligence releases the latest list of the top 10 Hong Kong-listed stocks by short interest ratio.
S&P Global Market Intelligence has released short interest data for Hong Kong-listed stocks as of last Friday (31st). The “short interest ratio” is defined as the percentage of shares on loan relative to total issued shares. The current average short interest ratio for the Hang Seng Index constituents stands at 1.31%. The table below lists the top ten Hong Kong-listed stocks with the highest short interest ratios, as provided by S&P Global Market Intelligence: Stock Name │ Shares on Loan (Millions) │ 7-Day Change (%) │ Short Interest Ratio (%) │ 7-Day Price Change (%) Montage Technology (06809.HK)
Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up nearly 1%; tech and internet stocks advanced, Alibaba up 7%, Tencent and Kuaishou gaining over 3%; memory-related stocks declined, with CSOP FTSE China A50 Double Short SK Hy
Tech and internet stocks rose across the board, with Alibaba-W up 7.01% and SenseTime-W up 3.79%; mobile gaming stocks also advanced, with Kingsoft up 5.16% and Tencent up 3.20%; sports apparel stocks declined, with Topsports down 4.12%, while Lexion Outdoor rose 3.03%;
Data Insight | Southbound capital rotated into defensive positions in July! Poured nearly HK$29 billion into Zhipu AI, while Alibaba attracted nearly HK$7.7 billion
From a capital flow perspective, the most prominent theme in July was southbound capital increasing positions in internet platforms and AI applications, while contrarianly absorbing some new economy stocks that had experienced significant pullbacks. Notably, despite Zhpu’s cumulative decline of 53.07% in July, it attracted nearly HK$29 billion in southbound capital, making it the stock with the most pronounced divergence between share price performance and capital inflows this month.
POP BAKERY Expands to Singapore with Second Overseas Store; Pop Mart Takes Its Bakery Business Abroad
The store is the playground.
Zhitong HK Connect Active Trading | July 30
Stock Connect Active Trading | July 30, 2026
Fund Flows | Southbound capital sold HK$8.571 billion worth of Hong Kong-listed stocks and has increased its holdings in Zhipu AI for nine consecutive days.
Track the latest developments of southbound capital flows
Express News | Southbound funds recorded a net outflow of RMB 8.571 billion today. Via Shanghai-HK Connect, Tracker Fund of Hong Kong and Pop Mart registered net outflows of HKD 1.972 billion and HKD 385 million, respectively; Tencent led in net inflows with HKD 444 mil
POP MART Opens New Sentosa Flagship With POP BAKERY Debut
Hong Kong Stocks Rally on Tech Strength Ahead of Fed Decision; BAIC Motor Gains 4%
S&P Global Market Intelligence's latest list of the top 10 Hong Kong-listed stocks by short interest ratio
S&P Global Market Intelligence has released short interest data for Hong Kong-listed stocks as of last Friday (the 24th). The 'short interest ratio' is defined as the percentage of shares on loan relative to total issued shares. The current average short interest ratio for the Hang Seng Index constituents stands at 1.40%. The table below lists the top ten Hong Kong-listed stocks with the highest short interest ratios, as provided by S&P Global Market Intelligence: Stock Name │ Shares on Loan (million) │ 7-Day Change (%) │ Short Interest Ratio (%) │ 7-Day Price Change (%) Montage Technology (06809.HK)
Hong Kong Market Midday Review | All three major indices rose, with the Hang Seng Tech Index up 1.69%; tech and internet stocks advanced, Xiaomi Group gaining over 7%, and Meituan and Trip.com rising more than 4%; gaming stocks climbed, with Galaxy Entert
Tech and internet stocks rose, with Xiaomi Group-W up 7.63% and Meituan-W up 4.38%; semiconductor stocks declined, with JH Integrated falling 4.47% and Montage Technology down 4.21%; mobile gaming stocks advanced across the board, with XD Inc. rising 5.16% and Bilibili-W up 2.94%;
HK Stock Market Update | Pop Mart (09992) Rises Nearly 4% Intraday; Pop Mart Debuts on Fortune China 500 List, Ranking Second in Return on Equity
Pop Mart (09992) rose nearly 4% intraday. As of the time of reporting, it was up 2.49% at HK$164.9, with a trading volume of HK$802 million.
Duan Yongping: Highly unlikely to sell Pop Mart within the next ten years; plans to sell puts on SpaceX, Tesla, and PLTR.
Duan Yongping responded that he would not reduce his stake in Pop Mart and expects to hold it for at least the next decade. He disclosed that he has already redirected some of the proceeds from selling Apple shares into U.S. Treasuries and plans to sell put options on SpaceX, Tesla, Micron (MU), and Palantir to position himself in AI. Additionally, he intends to moderately increase his positions in Google and Berkshire Hathaway (BRK.B), while maintaining his existing NVIDIA holdings.