Southbound Trading Inflows: KUAISHOU-W, TENCENT, and XIAOMI-W saw significant Southbound Trading net inflows of HKD2.2 billion, HKD2 billion, and HKD773.1 million respectively, with KUAISHOU-W being the most active stock in the Shenzhen-Hong Kong Stock Connect.

Southbound Trading Outflows: MEITUAN-W and GOLDWIND experienced net outflows of HKD481.8 million and HKD19.3 million respectively, with CHINA MOBILE and PING AN being the most active stocks with the highest net outflows in their respective trading connects.

Southbound Trading Inflows: TENCENT (00700.HK) saw a significant net inflow of HKD1.4 billion, while KUAISHOU-W (01024.HK) also experienced a positive inflow, contrasting with BABA-W (09988.HK) which faced a net outflow of HKD2.6 billion.

Short Selling Activity: TENCENT had a short selling amount of $1.25 billion with a ratio of 11.492%, while BABA-W had a higher short selling figure of $1.44 billion and a ratio of 8.469%.

Stock Performance: At the close, TENCENT and KUAISHOU-W showed slight declines, while BABA-W and MEITUAN-W experienced losses, indicating mixed performance among major stocks.

Overall Trading Summary: The total Southbound Trading net outflow was HKD0, accounting for 45.44% of the total transaction amount of HKD111.39 billion, reflecting a balanced trading environment.

GOLDWIND Stock Performance: GOLDWIND (02208.HK) opened 4.22% higher and peaked at HK$18.49, marking a four-year high, with a current increase of 13.71% and a turnover of HK$1.472 billion.

Short Selling Activity: The short selling for GOLDWIND reached $350.24 million, with a ratio of 16.016%, indicating significant market interest.

LANDSPACE IPO Submission: Chinese aerospace company LANDSPACE has submitted its prospectus to the Sci-tech Innovation Board, with Jianghan Asset Management, a subsidiary of Goldwind, holding 4.14% of LANDSPACE’s shares.

Market Insights: Daiwa reports that GOLDWIND stands to benefit from LANDSPACE's progress in its IPO application on the STAR Market.

Investment Outlook for GOLDWIND: Daiwa's research report indicates that GOLDWIND (02208.HK) is expected to see improved short-term earnings and a re-rating of its interim valuation, leading to an upgrade from Hold to Outperform.

Target Price Increase: The target price for GOLDWIND's H-shares has been raised from $13 to $17, reflecting positive expectations for the company's performance.

Support from Share Buyback: The company's unexecuted share buyback plan is anticipated to bolster its share price, contributing to the positive outlook.

LandSpace IPO Impact: Daiwa notes that GOLDWIND may benefit from LandSpace's upcoming IPO on the STAR Market, with projections suggesting a significant increase in LandSpace's valuation post-listing.

JPMorgan's Industry Predictions: JPMorgan forecasts a policy-driven consolidation in the polysilicon industry by 2026, with an Overweight rating on GCL TECH and DAQO New Energy.

GOLDWIND's Market Performance: GOLDWIND's shares surged significantly in early January 2026, attributed to expectations surrounding its stake in Landspace, although JPMorgan cautions that this rally may be overvalued.

SIEYUAN ELEC and CATL Partnership: A three-year energy storage cooperation between SIEYUAN ELEC and CATL aims for a total capacity of 50GWh, potentially generating annual revenues of around RMB20 billion.

Market Reactions and Recommendations: JPMorgan suggests investors consider ORIENT WIRES & CABLES for upstream wind power investments, as they assess the current market dynamics and valuations.