Hong Kong stocks opened lower in the morning. HSI opened 234 points or 1.4% lower at 16,487. HSCEI opened lower by 84 points or 1.4% at 5,795. HSTECH opened down 66 points or 1.9% at 3,408.

Several enterprises announced their quarterly operating data. OOIL (00316.HK)  0.000 (0.000%)    Short selling $25.75M; Ratio 15.758%   opened 1.2% lower after the company's 1Q revenue fell 9% YoY. CHOW TAI FOOK (01929.HK)  0.000 (0.000%)    Short selling $14.42M; Ratio 16.799%   shares opened crumpling 5.3%. Its quarterly retail sales rose 12% YoY, but same-store sales in the mainland fell. ZHAOJIN MINING (01818.HK)  0.000 (0.000%)    Short selling $30.61M; Ratio 12.904%   shares crashed 7.7% at open after it placed shares at a 9.7% discount, raising over $1.7 billion.

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On the tech front, TENCENT (00700.HK)  0.000 (0.000%)    Short selling $1.43B; Ratio 16.055%   , BABA-SW (09988.HK)  0.000 (0.000%)    Short selling $583.25M; Ratio 14.072%   , MEITUAN-W (03690.HK)  0.000 (0.000%)    Short selling $1.49B; Ratio 22.396%   , BIDU-SW (09888.HK)  0.000 (0.000%)    Short selling $619.80M; Ratio 29.303%   and KUAISHOU-W (01024.HK)  0.000 (0.000%)    Short selling $629.88M; Ratio 24.839%   lowered 1.6% to 2.3% at open. JD-SW (09618.HK)  0.000 (0.000%)    Short selling $551.35M; Ratio 28.479%   opened declining 2.8% lower, while NTES-S (09999.HK)  0.000 (0.000%)    Short selling $67.82M; Ratio 6.283%   and BILIBILI-W (09626.HK)  0.000 (0.000%)    Short selling $146.81M; Ratio 24.005%   opened slumping 3.4% and 4.3%.

MOFCOM guided to accelerate the phasing out of passenger cars with pollution standards on or below China III, seeking to complete the elimination by 2025. However, car stocks GEELY AUTO (00175.HK)  0.000 (0.000%)    Short selling $94.05M; Ratio 15.812%   , BYD COMPANY (01211.HK)  0.000 (0.000%)    Short selling $675.06M; Ratio 28.587%   and LI AUTO-W (02015.HK)  0.000 (0.000%)    Short selling $458.77M; Ratio 27.066%   opened 1.6% to 2.5% lower, while NIO-SW (09866.HK)  0.000 (0.000%)    Short selling $40.67M; Ratio 46.249%   and XPENG-W (09868.HK)  0.000 (0.000%)    Short selling $115.22M; Ratio 15.919%   opened retreating 4.8% and 3.9%.

In financials, HSBC HOLDINGS (00005.HK)  0.000 (0.000%)    Short selling $207.07M; Ratio 10.072%   opened 0.7% lower at $63.35, HKEX (00388.HK)  0.000 (0.000%)    Short selling $409.82M; Ratio 11.745%   opened 1.4% down, and AIA (01299.HK)  0.000 (0.000%)    Short selling $1.41B; Ratio 18.616%   opened descending 3.4%. Central Huijin increased its holdings in BANK OF CHINA (03988.HK)  0.000 (0.000%)    Short selling $820.95M; Ratio 18.438%   , ABC (01288.HK)  0.000 (0.000%)    Short selling $142.08M; Ratio 30.706%   , ICBC (01398.HK)  0.000 (0.000%)    Short selling $521.32M; Ratio 31.964%   and CCB (00939.HK)  0.000 (0.000%)    Short selling $621.89M; Ratio 18.611%   , but they opened 0.6% to 1% lower along with the market. As for property stocks, CHINA OVERSEAS (00688.HK)  0.000 (0.000%)    Short selling $393.46M; Ratio 37.876%   opened falling 2.9%, while LONGFOR GROUP (00960.HK)  0.000 (0.000%)    Short selling $153.28M; Ratio 16.287%   and CHINA RES LAND (01109.HK)  0.000 (0.000%)    Short selling $246.38M; Ratio 26.624%   were more than 1% lower at open.

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WEICHAI POWER (02338.HK)  0.000 (0.000%)    Short selling $9.28M; Ratio 4.415%   suspended the spin-off of Weichai Lovol for listing on ChiNext, and its shares opened 1.7% lower.

(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-04-29 16:25.)