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<Midday Takeaway>HSI Closes Midday at 27,023, Down 242 pts; HSTI Closes Midday at 5,407, Down 92 pts; MEITUAN Down over 4%; WUXI APPTEC, WUXI BIO, SHK PPT, SINOPEC CORP, HK & CHINA GAS Hit New Highs
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Forbes 2026 HK’s 50 Richest Unveiled; Li Ka-shing Retains Top Spot with HKD351.7B
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Baidu App Embraces OpenClaw to Connect 'Ecosystem + Local Personal Assistant' Full Chain
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<Research>Nomura Lifts WUXI XDC TP to $87.73, Expects 47% Profit Growth This Yr
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<Research>Citi Believes Concerns Over ZIJIN MINING 3-Yr Production Guidance Overdone, Raises TP to HKD51.8
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Trump Reportedly Plans to Visit CN in Apr to Confirm Extension of Trade Truce
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CN SAMR Publishes Compliance Guidelines for Pricing Behavior in Car Industry, Covering Promotions and Pricing
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<Hindsight>Brokers' Latest TPs/ Opinions on NTES-S Post-results
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<Research>CLSA Lowers Earnings Forecasts for SMIC , Keeps Outperform Rating
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<Research>UBS Keeps Neutral on SMIC; Pricing Environment Favorable, But Depreciation Pressure Piles Up
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<Research>Nomura: Challenging 2026 for CN Telecoms; CHINA TELECOM, CHINA UNICOM Downgraded to Neutral
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<Research>JPM: SMIC 4Q25 GM Misses; Rating Remains Underweight
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<Research>Nomura: NETEASE MUSIC Full-Yr Adjusted NP Slightly Beats, Total Rev. Marginally Misses
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<Research>G Sachs: NTES-S Quarterly Results Miss but Remain Solid; Rating Kept at Buy
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<Research>Nomura: NTES-S 4Q NP Misses Due to Higher Investment Losses
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<Research>JPM: Authenticity of RMB80B Rescue Plan Report for CHINA VANKE Doubted
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ImmD Expects ~11.38M Pax Traffic for HK During CNY Period
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<Research>G Sachs: SMIC 4Q25 OP Beats
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<Research>Daiwa: WUXI BIO Sees Significant Gross Margin Improvement; 2H25 NP Forecast Beats
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<Research>UBS: NETEASE MUSIC 2H25 Earnings in Line, but Core Music Biz Weakens
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