Market Performance: The HSI rose 244 points (0.9%) to 27,092, with significant gains in tech stocks like HSTECH, which increased by 1.5% to 5,959, and a total market turnover of HKD162.674 billion at midday.

Notable Stock Movements: BABA-W surged 5.3% to HKD168.3, while ALI HEALTH skyrocketed 16% after launching a new drug. KUAISHOU-W and Q TECH also saw substantial increases of 5.5% and 13.5%, respectively.

Short Selling Trends: Various stocks experienced significant short selling, with BABA-W and ALI HEALTH having ratios of 9.235% and 22.547%, respectively, indicating investor caution despite their price increases.

Economic Indicators: China's PPI YoY for December was reported at -1.9%, slightly better than expected, while the inflation rate for the same month was 0.2%, showing a rise from the previous -0.1%.

Market Performance: The HSI rose by 1.4% to close at 26,608, with significant gains in the HSCEI and HSTECH, which increased by 1.9% and 3.1% respectively, and total market turnover reached HKD306.223 billion.

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

Tech Stock Rally: AI and software stocks surged, with notable increases from BIDU-SW and KUAISHOU-W, following news of a new AI model release by DeepSeek, while other tech stocks like TENCENT and BILIBILI-W also saw significant gains.

Chip and Automotive Stocks: Chip stocks like BIREN TECH and ILUVATAR COREX experienced substantial growth, while automotive companies such as BYD and XPENG-W saw moderate increases, with XPENG reportedly preparing for a listing in Hong Kong.

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.

Investment Overview: MINIMAX-WP (00100.HK), an investee of CHINASOFT INT'L (00354.HK), was listed on the Main Board of the Stock Exchange on January 9, with a closing price of $345 per share.

Financial Impact: CHINASOFT INT'L holds 403,000 shares of MINIMAX-WP through its JointForce Fund I LP, resulting in an unaudited gain of approximately RMB89.92 million based on the initial listing price.

Market Volatility: The value of the investment is subject to fluctuations in the secondary stock market, leading to uncertainty regarding its impact on CHINASOFT INT'L's overall performance.

Short Selling Data: As of January 9, 2026, MINIMAX-WP experienced short selling amounting to $7.77 million, with a short selling ratio of 6.149%.

Stock Performance: KINGDEE INT'L saw a 3.56% increase in shares, with a short selling ratio of 28.13%, while MEITU and KINGSOFT CLOUD also experienced gains of 3.1% and 3.06%, respectively.

Analyst Ratings: BofAS has identified KINGDEE INT'L, MEITU, and KINGSOFT OFFICE as top picks among Chinese software stocks, while M Stanley anticipates further collaboration between MEITU and Alibaba, assigning a target price of $15.7.

Short Selling Data: The short selling amounts for various companies include KINGSOFT at $84.43M and WEIMOB INC at $14.20M, indicating varying levels of market skepticism.

Market Outlook: Ratings for KINGSOFT have shifted from "Buy" to "Neutral," reflecting a change in investor sentiment, with target prices adjusted accordingly.