Market Performance: The HSI rose by 224 points (0.9%) to 26,456, with significant gains in the HSCEI and HSTECH, while total market turnover reached HKD168.375 billion.

Regulatory Investigation: China's State Council's Anti-Monopoly and Anti-Unfair Competition Committee is investigating the food delivery platform service industry, impacting companies like MEITUAN-W.

Tech Stock Rally: AI and software stocks surged, with notable increases in companies like BIDU-SW and KUAISHOU-W, as anticipation builds for a new AI model release.

Automotive Market Outlook: The China Passenger Car Association forecasts flat sales for the car market this year, with several major carmakers experiencing declines in stock prices.

HKEX Tech 100 Index Launch: HKEX has introduced the HKEX Tech 100 Index, its first Hong Kong equity index, which tracks 100 major Hong Kong-listed companies across six innovative sectors, including AI and biotech.

Accessibility for Investors: The index allows for Stock Connect Southbound trading, making it accessible to both global and Chinese Mainland investors, and includes a fast-entry mechanism for newly-listed companies.

Short Selling Data: The article provides detailed short selling data for various companies within the index, highlighting significant short selling ratios for several constituents.

Market Performance: The report includes stock performance changes for various companies, indicating fluctuations in share prices alongside their respective short selling activities.

Market Overview: The HSI fell 45 points to 24,727, with notable declines in technology stocks like Tencent and SMIC, while logistics stocks such as ZTO Express saw significant gains.

Company Highlights: Meituan, Taobao Instant Commerce, Ele.me, and JD.com called for a boycott against disorderly competition; meanwhile, NIO's stock surged by over 9% due to positive delivery forecasts.

Share Allotment Announcement: China Ruyi plans to issue 1.3 billion new shares at HKD3 each, representing approximately 7.51% of its enlarged issued share capital, with a discount to the previous closing price.

Use of Proceeds: The company aims to raise around HKD3.895 billion, allocating 20% for business growth, 60% for strategic investments and acquisitions, and 20% for general working capital.

Positive Profit Alert: China Ruyi anticipates a significant turnaround for the interim period ending June 30, 2025, projecting a post-tax consolidated net profit of approximately RMB1-1.2 billion, compared to a loss of RMB123 million in the same period last year.

Revenue Growth: The company expects its revenue to increase by 14-25%, estimating it will reach between RMB2.1 billion and RMB2.3 billion, up from around RMB1.84 billion in the previous year.