News

Stock Performance: Tencent, AIA, and Hengrui Pharma saw slight increases in their stock prices, while Zijin Mining had a notable rise of 2.188%.
Short Selling Data: Tencent and Zijin Mining experienced significant short selling, with Tencent at $1.70B and a ratio of 11.166%, while Zijin Mining had $540.80M in short selling with a ratio of 18.741%.
Other Stocks: Conant Optical and Lens also reported gains, with Conant Optical increasing by 5.646% and Lens by 1.486%.
Market Context: The stock quotes for Hong Kong stocks are delayed by at least 15 minutes, while US stock quotes are provided in real-time, except for OTC quotes which are also delayed.

Citi's China Equity Strategy Report: Citi has become more optimistic about the H- and A-share markets, raising mid-year and year-end targets for the HSI and CSI 300 Index based on favorable government announcements and clearer export visibility.
Top H-Share Picks: ZIJIN MINING, CONANT OPTICAL, and LENS have been added to Citi's top H-share picks, while SUNNY OPTICAL and ASMPT were removed from the list.

LENS Stock Performance: LENS (06613.HK) opened 1.4% higher and peaked at $30.68, marking a nearly three-month high, with a significant trading volume of 35.4689 million shares and a last recorded price of $29.64, reflecting a 10.67% increase.
LENS A-Shares Surge: LENS TECHNOLOGY (300433.SZ) saw its A-shares rise by 15% to RMB39, indicating strong market interest.
BrainCo Financing Achievement: BrainCo, a notable company in the brain-computer interface sector, completed approximately RMB2 billion in financing, the second-largest in its field, with LENS being a strategic investor and responsible for mass production of its core hardware.
Market Insights: CICC predicts challenges for the Chinese auto sector in domestic demand this year, while overseas sales are expected to grow steadily, with a focus on smart driving, humanoid robots, and data center liquid cooling.

BrainCo Financing: BrainCo, a Chinese company focused on brain-computer interface technology, has secured RMB2 billion in funding, making it the second-largest financing round globally after Neuralink.
Investors Involved: Notable investors in this financing round include IDG, LENS, HWORLD-S, LY ITECH, and TAL Education.

Company Update: LENS (06613.HK) is engaged in mass production of core hardware modules for BrainCo, as reported by Chinese media.
Market Strategy: The company is leveraging its manufacturing expertise to seek partnerships with major clients in North America.
Stock Performance: LENS shares increased by 3.681%, with short selling amounting to $32.66 million and a ratio of 14.987%.
Industry Outlook: CICC forecasts challenges in domestic demand for the Chinese auto sector this year, while overseas sales are expected to grow steadily, with a focus on smart driving and humanoid robots.
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