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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
Hong Kong Stock Market Midday Review | Gains of the three major indices narrowed, with the Hang Seng Index up 0.43%; semiconductor stocks advanced, with Zhaoyi Innovation gaining nearly 9%; Pop Mart rose 6%.
Technology and internet stocks rose, with Baidu Group-SW up 3.91% and Bilibili-W up 2.79%. Semiconductor stocks also advanced, as Gigadevice Innovations surged 8.78% and Shanghai Fudan Microelectronics Group climbed 4.04%. Non-ferrous metal stocks performed well, despite Liqi Resources falling 22.72%, while Luoyang Molybdenum gained 3.32%.
Express News | Hong Kong Stock Market Midday Review: Tech Stocks Surge then Retreat, Memory Chip Sector Remains Active
Meituan has granted a total of approximately 79.3176 million restricted shares as rewards.
Meituan-W (03690) announced that on April 13, 2026, the company granted a total of approximately 79.3176 million restricted share units under the post-IPO share incentive plan, including (i) approximately 79.1749 million restricted share units granted to certain employee participants of the group; and (ii) approximately 142,700 restricted share units granted to certain service providers of the group, subject to acceptance and the terms and conditions of the post-IPO share incentive plan.
Meituan: Approximately 79.32 million reward shares have been granted in total.
Gelonghui, April 13 | Meituan announced on the Hong Kong Stock Exchange that on April 13, 2026, the company granted a total of 79,317,581 restricted share units as part of its post-IPO share incentive plan. Among these, (i) 79,174,927 restricted share units were granted to certain employee participants within the group; and (ii) 142,654 restricted share units were granted to certain service providers within the group, subject to acceptance and the terms and conditions of the post-IPO share incentive plan.