News
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- Project Launch: CNOOC's Buzios6 project has commenced production safely, marking the official start of the seventh project in the world's largest deep-water pre-salt oilfield, which is expected to significantly enhance the company's output and market competitiveness.
- Capacity Increase: The total production capacity of the Buzios oilfield will reach 1.15 million barrels per day, with Buzios6 designed to produce 180,000 barrels daily, further solidifying CNOOC's leadership position in the Brazilian market.
- Environmental Measures: The project is equipped with a closed flare and heat recovery devices aimed at reducing greenhouse gas emissions and energy consumption, reflecting CNOOC's commitment to sustainable development.
- Equity Structure: CNOOC Petroleum Brasil Ltda. holds a 7.34% interest in the Buzios Shared Reservoir, showcasing its strategic positioning and resource integration capabilities in the international oil and gas market.
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- Project Launch: CNOOC's Buzios6 project has commenced production safely, marking the seventh project in the world's largest deep-water pre-salt oilfield, with an expected daily output of 180,000 barrels, significantly enhancing the company's oil and gas production capabilities in Brazil.
- Capacity Increase: With the launch of Buzios6, the total production capacity of the Buzios oilfield will reach 1.15 million barrels per day, which not only strengthens CNOOC's competitive position in the market but also lays a solid foundation for future oil and gas development.
- Environmental Initiatives: The FPSO used in this project is equipped with closed flare systems and heat recovery devices aimed at reducing greenhouse gas emissions and energy consumption, reflecting CNOOC's commitment to sustainable development.
- Equity Structure: CNOOC Petroleum Brasil Ltda. holds a 7.34% interest in the Buzios Shared Reservoir, while operator Petrobras holds 88.99%, indicating CNOOC's significant role in international oil and gas collaboration.
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CICC 2026 Outlook: CICC has released its stock picks for Hong Kong in 2026, highlighting companies like Tencent, Alibaba, and China Mobile, along with their short selling data and ratios.
Everbright Securities Report: Everbright Securities International also published a report in December focusing on key stocks for 2026, including Tencent, Alibaba, and Jiangxi Copper, with detailed short selling statistics.
Market Trends: Both reports indicate a significant amount of short selling activity across various stocks, suggesting cautious investor sentiment in the Hong Kong market.
Trade-in Policy Impact: Citi anticipates that a new trade-in policy will positively affect Chinese e-commerce platforms, potentially mitigating the high base impact expected in the first half of 2026.
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Southbound Trading Inflows: SMIC (00981.HK) saw significant net inflows of HKD759.4 million, while CNOOC (00883.HK) and XIAOMI-W (01810.HK) also experienced positive trading activity.
Southbound Trading Outflows: TENCENT (00700.HK) and BABA-W (09988.HK) faced substantial net outflows of HKD1.3 billion and HKD492.9 million, respectively, indicating a shift in investor sentiment.
Most Active Stocks: ICBC (01398.HK) was the most active stock with a net inflow of HKD356.6 million, while TRACKER FUND (02800.HK) had the highest net outflow of HKD1.6 billion in the Shanghai-Hong Kong Stock Connect.
Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 46.20% of the total transaction amount of HKD92.3 billion, reflecting a balanced trading environment.
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Market Performance: The Hang Seng Index (HSI) rose by 219 points (0.9%) to close at 25,854, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 95 points (1.7%) and 99 points (1.1%) respectively, with a total market turnover of $199.77 billion.
Active Heavyweights: Notable stocks included Xiaomi (+2.0%), CCB (+1.3%), Alibaba (+0.8%), Tencent (+0.6%), and Meituan (+0.1%), with varying levels of short selling activity.
Significant Movers: Baidu-SW experienced a substantial increase of 8.9%, while Pop Mart saw a decline of 4.6%. Other notable gainers included SMIC (+4.2%) and CNOOC (+4.0%).
HSMI & HSSI Highlights: In the HSMI and HSSI indices, InnoScience surged by 15.4%, and Dobot rose by 13.5%, while Synagistics fell by 11.4%. Several stocks hit new highs, including CIMC Enric and Realord Group.
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