Stock Performance: ZTE's stock (00763.HK) experienced a decline of 1.12%, with a short selling volume of $18.37 million and a ratio of 2.798%.

Market Leadership: ZTE reported that its annual shipment volume for home terminals surpassed 100 million units in 2025, securing the highest global market share for the fifth consecutive year.

Top Shorted Stocks: S&P Global Market Intelligence identified the top ten most shorted stocks in Hong Kong, with metrics based on the short selling ratio, which measures shares lent out relative to total issued shares.

Leading Companies: Notable companies on the list include Hengrui Pharma with a short selling ratio of 28.018% and Dongfang Electric at 35.678%, indicating significant investor skepticism.

Market Movements: The report highlights various price changes and short selling amounts for each stock, with some experiencing notable fluctuations over the past week.

Financial Insights: The data reflects broader market trends, including a slowdown in drug sales growth in China, impacting companies like Sino Biopharma, which had its target price cut.

IPO Announcement: ILUVATAR COREX (09903.HK) has revealed its IPO details in Hong Kong, planning to issue 25.4318 million H-shares, with 10% allocated for public offering and 90% for international placement.

Financial Goals: The company aims to raise approximately HKD3.677 billion with an offer price of HKD144.6 per share, and the IPO period runs from today until next Monday, with listing expected next Thursday.

Cornerstone Investors: ILUVATAR COREX has secured 18 cornerstone investors, including notable firms like ZTE and UBS AM Singapore, who will subscribe for shares worth over HKD1.583 billion, representing about 43.02% of the offered shares.

Market Activity: The article notes current short selling data for related stocks, indicating market interest and activity surrounding the IPO.

Launch of New Index: Hang Seng Indexes Company has introduced the Hang Seng SCHK Electronics Theme Index, which tracks the performance of Hong Kong-listed companies in the electronics sector eligible for Southbound trading under the Stock Connect scheme.

Constituents and Review: The index comprises 40 constituents, representing the largest market cap companies in the electronics theme, and is reviewed semi-annually with quarterly adjustments to weightings.

Current Constituents: Notable companies included in the index are TCL Electronics, Xiaomi, and SMIC, among others, with varying short selling ratios reported.

Market Activity: The article provides detailed short selling data for various constituents, indicating market activity and investor sentiment towards these stocks.

Market Performance: The HSI closed down 393 points (1.5%) at 25,235, with the HSCEI and HSTECH also experiencing declines of 1.8% and 1.7%, respectively, and a total market turnover of HKD201.528 billion.

Tech Sector Declines: Major tech stocks like BABA-W, TENCENT, and MEITUAN-W saw losses of 2.96%, 1.08%, and 1.38%, respectively, with significant short selling activity across the sector.

Chip and Telecom Stocks: Chip stocks SMIC and HUA HONG SEMI fell by 1.93% and 1.49%, while telecom equipment stock ZTE dropped by 3.95%, indicating a broader trend of declines in these sectors.

Carmakers and Commodity Stocks: Carmakers such as BYD and XIAOMI experienced losses over 2%, while commodity stocks like JIANGXI COPPER and CHALCO also dipped between 2.25% and 3.3%, reflecting sensitivity to interest rates.