The HSI opened 43 points or 0.2% higher at 25,804. The HSCEI climbed 23 points or 0.3% to 9,051. The HSTECH rose 11 points or 0.2% to 5,546.In the FTSE China 50 Index review, CHINAHONGQIAO (01378.HK) -0.300 (-0.911%) Short selling $176.42M; Ratio 22.099% , CATL (03750.HK) +5.200 (+1.098%) Short selling $14.02M; Ratio 2.649% , and HENGRUI PHARMA (01276.HK) +0.750 (+1.045%) Short selling $3.48M; Ratio 4.481% were included, while CSC (06066.HK) -0.020 (-0.165%) Short selling $8.72M; Ratio 37.468% , GWMOTOR (02333.HK) +0.210 (+1.449%) Short selling $8.81M; Ratio 11.080% , and LI AUTO-W (02015.HK) -1.200 (-1.720%) Short selling $228.45M; Ratio 31.065% were excluded. CHINAHONGQIAO opened up 2.8%. CATL inched 0.3% higher. HENGRUI PHARMA and CSC remained flat at HKD71.8 and HKD12.15. GWMOTOR dipped 0.6%. LI AUTO-W slipped 2.3%.As more than 20 cities in China have reportedly halted or adjusted car trade-in subsidies due to depletion of national subsidy funds, BYD COMPANY (01211.HK) -0.750 (-0.764%) Short selling $59.79M; Ratio 9.508% opened declining 0.2%. NIO-SW (09866.HK) -0.260 (-0.666%) Short selling $87.66M; Ratio 37.566% and XPENG-W (09868.HK) -0.350 (-0.464%) Short selling $136.07M; Ratio 13.422% slid 1.2% and 1.7%. GEELY AUTO (00175.HK) +0.180 (+1.065%) Short selling $75.09M; Ratio 18.971% added 0.6%.Among tech stocks, BABA-W (09988.HK) -0.700 (-0.456%) Short selling $685.87M; Ratio 16.862% and TENCENT (00700.HK) -6.000 (-0.982%) Short selling $262.99M; Ratio 6.146% shed 0.3% and 0.2% at open. XIAOMI-W (01810.HK) +1.260 (+3.133%) Short selling $351.41M; Ratio 9.725% , NTES-S (09999.HK) -0.513 (-0.237%) Short selling $63.02M; Ratio 17.192% , and KUAISHOU-W (01024.HK) -0.600 (-0.890%) Short selling $126.46M; Ratio 12.570% edged 0.1-0.3% higher. MEITUAN-W (03690.HK) +1.550 (+1.616%) Short selling $314.71M; Ratio 11.482% and JD-SW (09618.HK) -0.800 (-0.693%) Short selling $118.10M; Ratio 30.994% hiked 0.9% and 0.6%. BIDU-SW (09888.HK) -0.300 (-0.262%) Short selling $172.57M; Ratio 45.374% and BILIBILI-W (09626.HK) +4.900 (+2.481%) Short selling $73.32M; Ratio 18.564% stayed intact at HKD114.6 and HKD197.5. JD HEALTH (06618.HK) -0.450 (-0.749%) Short selling $26.75M; Ratio 17.180% rallied 3.1%. Chip stocks SMIC (00981.HK) +1.400 (+2.083%) Short selling $60.14M; Ratio 3.943% and HUA HONG SEMI (01347.HK) +2.050 (+2.772%) Short selling $83.25M; Ratio 6.493% ticked up 0.1% and 0.7%.With the LME copper price hitting a record high, JIANGXI COPPER (00358.HK) +0.320 (+0.951%) Short selling $97.48M; Ratio 15.044% soared 4.3% at open. ZIJIN MINING (02899.HK) +0.320 (+0.976%) Short selling $305.57M; Ratio 21.966% also surged 3.1%.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-12-04 12:25.)