Group 1 - On February 5, 2026, Tencent Holdings (00700), Alibaba-W (09988), and the Tracker Fund of Hong Kong (02800) ranked as the top three companies by trading volume in the Southbound Stock Connect, with transaction amounts of 88.30 billion, 42.63 billion, and 28.20 billion respectively [1] - Tencent Holdings (00700), Alibaba-W (09988), and the Tracker Fund of Hong Kong (02800) also led the Southbound Stock Connect in the Shenzhen-Hong Kong Stock Connect, with transaction amounts of 66.97 billion, 34.20 billion, and 20.14 billion respectively [1] Group 2 - In the Southbound Stock Connect, the top three active trading companies included Tencent Holdings (00700) with a net buy of 36.59 billion, Alibaba-W (09988) with a net buy of 1.00 billion, and the Tracker Fund of Hong Kong (02800) with a net buy of 25.66 billion [2] - In the Shenzhen-Hong Kong Stock Connect, Tencent Holdings (00700) had a net buy of 19.19 billion, Alibaba-W (09988) had a net buy of 14.52 billion, and the Tracker Fund of Hong Kong (02800) had a net buy of 20.10 billion [2]

2月5日，小米汽车副总裁李肖爽发微博表示，小米汽车最新版本的OTA已经陆续推送给大家，这个版本降低了辅助驾驶安全里程门槛。 同日，@小米汽车 官方微博转发@李肖爽 的博文并发文称，小米汽车辅助驾驶安全里程门槛从1000km降至300km，设定这样的门槛，是为了让大家可以 先逐步熟悉辅助驾驶功能，培养充分的安全意识。虽然门槛降低，但还是提醒大家，辅助驾驶不是自动驾驶，请时刻关注路况，及时控制车辆。 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 腾讯"元宝分10亿"活动2月1日0点正式开启，用户最高可领万元现金红 包，官方攻略发布 亚马逊官宣裁撤1.6万个职位 ...

Core Insights - The Hong Kong stock market saw a net inflow of 24.977 billion HKD from Northbound trading on February 5, with both Shanghai and Shenzhen stock connect contributing approximately 12.481 billion HKD and 12.496 billion HKD respectively [1] Group 1: Stock Performance - Tencent (00700) received the highest net inflow of 62.45 billion HKD, with a total trading volume of 88.30 billion HKD [2] - Alibaba-W (09988) had a net inflow of 21.82 billion HKD, with a total trading volume of 42.63 billion HKD [2] - The Yingfu Fund (02800) saw a net inflow of 26.93 billion HKD, totaling 28.20 billion HKD in trading volume [2] Group 2: Notable Net Outflows - Changfei Optical Fiber (06869) experienced the largest net outflow of 4.57 billion HKD, with total trading volume of 12.43 billion HKD [3] - Huahong Semiconductor (01347) had a net outflow of 3.63 billion HKD [6] - SMIC (00981) faced a net outflow of 3.08 billion HKD [6] Group 3: Market Trends and Analyst Insights - High-frequency trading in tech stocks continues, with Tencent, Alibaba-W, and Meituan-W (03690) receiving significant net inflows of 55.78 billion HKD, 15.52 billion HKD, and 5.4 billion HKD respectively [4] - Goldman Sachs predicts 2026 will be a pivotal year for Chinese internet giants, focusing on trends such as AI super applications and cloud business investments [4] - China Life (02628) received a net inflow of 12.39 billion HKD, with potential government plans to issue special bonds for capital injection into large insurance companies [5]

呈交日期: 2026年2月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 不同投票權架構公司普通股 | | 股份類別 | B | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01810 | | 說明 | | | | | | | | 多櫃檯證券代號 | 81810 | RMB | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | | 200,000,000,000 | USD | 0.0000025 | USD | | 500,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | | 200,000,000,000 | USD | 0.0000025 | USD | | 500,000 | 2. 股份分類 不同投票權架構公司普通股 股份類別 A 於香港聯交所上市 (註1) 否 證券代號 ...

责任编辑：李昂 近日，针对辽宁省营口市一台小米SU7车辆主驾驶座椅处冒烟并起火事件，小米公司回应称，经消防救 援部门到场处置后迅速扑灭，现场无人员受伤。 近日，针对辽宁省营口市一台小米SU7车辆主驾驶座椅处冒烟并起火事件，小米公司回应称，经消防救 援部门到场处置后迅速扑灭，现场无人员受伤。 小米公司表示，经向车主了解今日已收到认定书，该起事故系车内遗留火源引燃周边可燃物所致，非车 辆自身原因产生。"网传视频中所谓的'烟花'情况，系车辆安全气囊因燃烧引爆导致，与电池等无关。 我们将协助客户妥善处理后续事宜。请广大网友不信谣、不传谣。" 责任编辑：李昂 小米公司表示，经向车主了解今日已收到认定书，该起事故系车内遗留火源引燃周边可燃物所致，非车 辆自身原因产生。"网传视频中所谓的'烟花'情况，系车辆安全气囊因燃烧引爆导致，与电池等无关。 我们将协助客户妥善处理后续事宜。请广大网友不信谣、不传谣。" ...

Core Viewpoint - The Ministry of Industry and Information Technology (MIIT) has released a public list of new green factories and green industrial parks for the year 2025, following recommendations from provincial departments and expert reviews [1][2]. Group 1: Announcement Details - The public announcement period for the 2025 green factories and industrial parks is from February 5, 2026, to February 19, 2026 [2]. - Contact information for inquiries includes a phone number (010—68205340) and an email address (hbc@miit.gov.cn) [2]. Group 2: Green Factory List - The list includes various companies from different regions, with a significant number located in Beijing and Tianjin, such as: - Beijing Ideal Automotive Co., Ltd. - Xiaomi Automotive Technology Co., Ltd. - Tianjin Toyota Motor Co., Ltd. New Energy Division [4][5][6]. - The list highlights a diverse range of industries, including automotive, electronics, and chemicals, indicating a broad commitment to green manufacturing practices across sectors [4][5][6].

Core Viewpoint - The founder of Xiaomi, Lei Jun, announced on Weibo that the new generation SU7 is positioned as a vehicle for a new era of drivers, emphasizing enhanced driving experience and control [1] Group 1 - The SU7 features significant upgrades to its chassis, resulting in improved driving quality [1] - The intelligent electronic control system allows for more precise and stable handling [1] - Pre-orders for the SU7 have already begun, with an expected launch date in April 2026 [1]

Group 1: Global Expansion of Chinese Manufacturing - The trend of Chinese manufacturing companies expanding globally is accelerating, particularly in tariff-sensitive sectors such as automotive, consumer electronics, and machinery, which are relocating production to countries with lower tariffs or favorable policies to reduce costs and mitigate trade risks [2][3] - Chinese manufacturers are diversifying their global supply chains by exploring emerging markets in Latin America, the Middle East, and Africa, thereby enhancing supply chain stability and risk resilience [2][3] - The implementation of regional economic cooperation mechanisms and free trade agreements, such as RCEP, is creating a more favorable policy environment for the globalization of Chinese manufacturing [3] Group 2: Overseas Mergers and Acquisitions - Chinese manufacturing companies are leveraging overseas mergers and acquisitions to transition from OEMs to self-owned brands, gaining market share, sales channels, and high-end brand images [3][4] - The focus of these acquisitions is shifting towards strategic alignment in brand, market, technology, and supply chain integration, enhancing global competitiveness [3][4] - Companies like Haier exemplify this trend by achieving breakthroughs in the European and American markets through acquisitions, thereby strengthening their global competitive advantage [3][4] Group 3: Labor-Intensive Industries and Cost Migration - Labor-intensive industries are increasingly relocating to low-cost regions such as Southeast Asia and South Asia, benefiting from local labor advantages and policy support [4][5] - The trend of regional industrial clusters is forming as companies seek to reduce costs and improve response efficiency through localized production [4][5] - The global supply chain is becoming more regionalized, with multinational companies establishing collaborative industrial clusters in emerging regions to enhance supply chain resilience [4][5] Group 4: Resource Sector Globalization - Chinese resource companies are accelerating their global expansion by constructing complete industrial chains from mining to processing and application, enhancing their control and influence in the global resource sector [6][7] - The focus is shifting from merely acquiring resources to deep integration of upstream and downstream operations, utilizing diverse cooperation methods such as equity investments and joint ventures [6][7] - Notable examples include the acquisition of cobalt mines in the Democratic Republic of Congo and lithium companies in Australia, showcasing the strategic foresight of Chinese enterprises [6][7] Group 5: Digital Transformation and Brand Value - Chinese companies are transitioning from low-cost manufacturing to brand value creation, utilizing digitalization to enhance brand building and global competitiveness [9][10] - Companies like Anker and Xiaomi are leveraging localized operations and digital marketing to establish strong brand identities and achieve significant sales growth [9][10] - The focus on digital transformation is enabling companies to create differentiated brand matrices and improve supply chain management, enhancing market competitiveness [9][10] Group 6: Compliance and Localization - Compliance and localized operations are becoming core competitive advantages for Chinese enterprises in international markets, with a focus on establishing robust global compliance systems [11][12] - Companies are actively building global compliance monitoring systems to ensure adherence to regulations in areas such as data security and environmental standards [11][12] - The ability to navigate compliance challenges is increasingly seen as integral to brand value and international market acceptance [11][12] Group 7: Policy Support for Globalization - Recent policy initiatives from the Chinese government are creating unprecedented opportunities for enterprises to expand internationally, emphasizing high-level openness and integration into the global economy [13][14] - The focus on developing new production capabilities and promoting the integration of the real economy with the digital economy is expected to provide clear guidance for companies in the new round of global competition [13][14] - Structural monetary policies are anticipated to offer targeted financial support to foreign trade enterprises, aiding their internationalization efforts [14] Group 8: Cultural and Ideological Export - Chinese enterprises are increasingly integrating cultural content with brand ideology to enhance cultural soft power and global brand value [18][19] - The growth of cultural consumption globally is driving the export of diverse cultural products, including games and films, with significant revenue growth reported [18][19] - The focus on building a robust IP ecosystem and localizing content production is crucial for enhancing global appeal and emotional resonance with audiences [18][19]

Key Points - As of February 5, 67 stocks reached their 52-week highs, with Rongda Technology (09881), Jiurong Holdings (02358), and Haojiang Electromechanical (01408) leading the increase rates at 162.10%, 91.30%, and 24.59% respectively [1] - The highest closing price for Rongda Technology was 20.620, with a peak of 65.000, indicating significant growth [1] - Jiurong Holdings closed at 0.016, reaching a high of 0.044, reflecting a strong performance [1] - Haojiang Electromechanical had a closing price of 0.330 and a peak of 0.380, showing a notable increase [1] 52-Week High Rankings - The top three stocks with the highest growth rates are: - Rongda Technology (162.10%) - Jiurong Holdings (91.30%) - Haojiang Electromechanical (24.59%) [1] - Other notable mentions include: - Honghai Holdings Group (08020) at 24.14% - Shangyu Group (01633) at 20.60% [1] 52-Week Low Rankings - The stocks that reached their 52-week lows include: - LeMo Technology (02539) with a decline of -42.01% - Weihai Bank (09677) at -20.42% - XL Ernan CO (07711) at -17.57% [2] - Additional stocks with significant declines are: - Songdu Service (09608) at -16.00% - XL Ernan Strategy (07799) at -13.86% [2]

Market Performance - The Hong Kong stock market saw a positive trend with the Hang Seng Index rising by 0.141%, the Hang Seng China Enterprises Index increasing by 0.497%, and the Hang Seng Tech Index up by 0.74% as of the market close [1] - Southbound funds recorded a net inflow exceeding 24.9 billion HKD [1] Sector Performance - Strong performance was noted in sectors such as new energy vehicles, aviation, telecommunications, biomedicine, domestic banks, and logistics [1] - Conversely, sectors like non-ferrous metals, commercial aerospace, optical communications, semiconductors, and photovoltaic solar energy experienced declines [1] Notable Stocks - Tech stocks showed recovery in the afternoon, with Lenovo rising over 3%, Xiaomi and Baidu increasing by more than 2%, and Meituan up by over 1% [1] - Gold stocks generally fell, with Chifeng Jilong Gold Mining dropping over 5% [1] Company Announcements - Baidu announced a new share repurchase plan, allowing for the buyback of up to 5 billion USD of its shares, effective until December 31, 2028 [3] - The board of Baidu also indicated plans to announce its first dividend by 2026, supported by sustainable funding sources [3] Market Outlook - Huazhang Fund noted a significant style rotation in the market, highlighting a "seesaw" effect between the previously strong tech growth sector and dividend value styles [3] - The fund emphasized the attractiveness of dividend stocks due to their high yield and low valuation, alongside expectations of a cyclical recovery and demand from long-term capital [3]