Summary of Key Points Core Viewpoint - The report highlights the top short-selling stocks in the market, indicating significant short-selling activity and potential investor sentiment towards these companies. Group 1: Top Short-Selling Ratios - JD Health (86618) has the highest short-selling ratio at 100.00% [1][2] - Hang Seng Bank (80011) follows with a short-selling ratio of 88.44% [1][2] - SenseTime (80020) has a short-selling ratio of 76.25% [1][2] Group 2: Top Short-Selling Amounts - Xiaomi Group (01810) leads in short-selling amount with 2.209 billion [1][2] - Tencent Holdings (00700) has a short-selling amount of 0.955 billion [1][2] - WuXi AppTec (02359) reports a short-selling amount of 0.698 billion [1][2] Group 3: Top Short-Selling Deviations - Hang Seng Bank (80011) has the highest deviation value at 48.82% [1][2] - JD Health (86618) follows with a deviation value of 45.78% [1][2] - Uni-President China (00220) has a deviation value of 33.70% [1][2]

理想汽车港交所公告，正式发布家庭六座纯电SUV-理想i8。理想i8将提供Pro、Max、Ultra三个版本， 全国统一零售价分别为人民币32.18万元、34.98万元和36.98万元。理想i8将在2025年8月20日开启交 付。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴 該等內容而引致的任何損失承擔任何責任。 Li Auto Inc. 理想汽車 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2015） 自願公告 業務更新資料 理想汽車正式發佈家庭六座純電SUV－理想i8 於2025年7月29日，中國新能源汽車市場的領導者理想汽車（「理想汽車」或「本公 司」）（納斯達克：LI；香港交易所：2015）正式發佈家庭六座純電SUV－理想i8。 作為新時代的SUV，理想i8同時具備越野車的全路況行駛能力、轎車的操控性和 MPV的舒適性，以全新駕乘體驗重新定義了家庭出行。 2 1） 自研電驅系統：超靜音、超高效 理想i8將提供Pro、Max、Ultra三個版本，全國統一零售價分別為人民幣32.18萬 元、34.98萬元和36.98萬元。理想i8將在2025年8月20日開啟交付。 關於理想i8的產品概述，請參閱下文。更多關於理想i8的產品細節，可以參考理 想汽車官方網站中的產品介紹。 1 全新高壓純電平台 ...

Group 1 - Apple will close its first direct store in China located in Dalian on August 9, 2025, due to the departure of multiple retailers from the shopping center [2] - Several companies, including ByteDance and Xiaomi, have announced donations to support disaster relief efforts in the Beijing-Tianjin-Hebei region, with ByteDance donating 10 million yuan and Xiaomi contributing 5 million yuan [2] Group 2 - ByteDance denied rumors about launching a car brand called "Doubao Automobile," stating that it has no plans for autonomous driving business [3] - The short video app Hongguo achieved 210 million monthly active users in June, surpassing Youku's 200 million, marking the first time a short video app has outperformed long video platforms [3] - Meituan's "Raccoon Canteen" reported a 40-fold increase in search volume and a 164% rise in overall exposure since its launch, emphasizing its commitment to not compete with merchants [3] Group 3 - Microsoft is in deep negotiations with OpenAI for a new agreement that would allow it to continuously access key OpenAI technologies, with a potential deal expected in a few weeks [3] - A criminal gang selling counterfeit Labubu toys was dismantled in Shanghai, with over 5,000 fake items seized and the total sales amounting to over 12 million yuan [3] Group 4 - Changan Automobile announced that it will directly hold 14.23% of shares in Changan Automobile Group, increasing its stake to 35.04% due to a corporate restructuring [9] - Walmart's subsidiaries have experienced multiple executive changes, including the appointment of Zhao Chengning as the new legal representative of Walmart (Guangdong) [9] Group 5 - China Ping An appointed Wang Xiaohang, former vice president of Ant Group, as its Chief Technology Officer, bringing nearly 20 years of experience in the finance and technology sectors [14] - Miniso has launched a marriage and childbirth reward program with an initial investment of 10 million yuan, offering financial incentives for employees [14][19] Group 6 - Li Auto's new electric SUV, the Li i8, was launched with a price range of 321,800 to 369,800 yuan, and it is expected to start deliveries on August 20 [25][26] - The total box office for the summer movie season in 2025 has surpassed 5.5 billion yuan as of July 29 [32]

Core Viewpoint - The launch of the Li Xiang i8 is strategically significant for the company, aiming to redefine the pure electric SUV market while addressing family-oriented needs and leveraging its existing strengths in the electric vehicle sector [5][54][99]. Group 1: Product Features and Design - The Li Xiang i8 combines features of an SUV, MPV, and sedan, aiming to create a versatile vehicle that meets diverse consumer needs [46]. - The i8 boasts a unique design with a low drag coefficient of 0.218Cd, enhancing aerodynamics and reducing wind noise, which is a key selling point [21][24]. - The vehicle offers spacious interiors comparable to full-size SUVs, with innovative storage solutions and a focus on passenger comfort [28][30]. Group 2: Market Positioning and Strategy - Li Xiang aims to fill the market gap for large family-oriented pure electric MPVs, capitalizing on the growing demand in this segment [50][52]. - The company has established a robust charging infrastructure with over 3,000 supercharging stations and 16,000 charging piles nationwide, enhancing the practicality of owning a pure electric vehicle [59][60][70]. - The i8 is positioned as a more affordable option in the large space SUV market, targeting family users to secure a stable market presence [54]. Group 3: Technological Advancements - The i8 features advanced autonomous driving capabilities through the upgraded VLA model, which enhances the vehicle's ability to understand and execute voice commands [72][75]. - The vehicle's AI assistant, "Li Xiang Classmate," has been upgraded to an AI agent, capable of performing various tasks and learning user preferences [85][86]. - The integration of high-quality charging technology allows for rapid charging, making the i8 convenient for long-distance travel [64][66]. Group 4: Future Outlook - The launch of the i8 represents a critical step for Li Xiang in the competitive landscape of smart electric vehicles, signaling its commitment to innovation and market leadership [99][100]. - The company recognizes the need for long-term strategies in decision-making, indicating a focus on sustainable growth and product development over time [97].

Market Overview - The Hang Seng Index closed at 25,271.92, down by 252.53 points or 0.99% on July 29 [1] - The index reached a high of 25,554.41 and a low of 25,232.19 during the trading session, with a trading volume of 66.91 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 102.137, up by 1.33% compared to the Hong Kong market close [2] - Tencent Holdings closed at HKD 550.482, down by 0.81% compared to the Hong Kong market close [2] ADR Performance Summary - Tencent Holdings: ADR price at HKD 550.482, down by HKD 4.518 or 0.81% [3] - Alibaba Group: ADR price at HKD 117.114, down by HKD 3.586 or 2.97% [3] - HSBC Holdings: ADR price at HKD 102.137, up by HKD 1.337 or 1.33% [3] - Xiaomi Group: ADR price at HKD 54.601, down by HKD 0.699 or 1.26% [3] - Meituan: ADR price at HKD 126.886, down by HKD 1.714 or 1.33% [3] - AIA Group: ADR price at HKD 74.746, down by HKD 0.054 or 0.07% [3] - Hong Kong Exchanges: ADR price at HKD 435.801, down by HKD 4.999 or 1.13% [3] - Industrial and Commercial Bank of China: ADR price at HKD 6.024, down by HKD 0.046 or 0.75% [3] - BYD Company: ADR price at HKD 126.396, down by HKD 1.904 or 1.48% [3] - Ping An Insurance: ADR price at HKD 56.163, down by HKD 0.237 or 0.42% [3]

Group 1 - The U.S.-China economic talks were held in Stockholm from July 28 to 29, focusing on trade relations and macroeconomic policies, with both sides agreeing to extend the suspension of certain tariffs for 90 days [7][8][9] - The Chinese side emphasized the mutual benefits of U.S.-China trade relations, advocating for cooperation and dialogue to enhance trust and reduce misunderstandings [7][8] - The U.S. expressed the importance of stable U.S.-China trade relations for both countries and the global economy, indicating a willingness to resolve trade disputes through negotiations [8] Group 2 - The International Monetary Fund (IMF) raised its global economic growth forecasts for 2025 and 2026 to 3% and 3.1%, respectively, reflecting an upward adjustment from previous predictions [19] - The 2025 Fortune Global 500 list was released, with Walmart ranked as the largest company for the twelfth consecutive year, and notable improvements in rankings for Chinese companies like Pinduoduo and Xiaomi [21] - The establishment of the new China Changan Automobile Group aims to enhance the automotive industry's integration and transformation, focusing on smart vehicles and global market expansion [22] Group 3 - Li Auto launched its first pure electric SUV, the Li i8, with prices ranging from 321,800 to 369,800 yuan, marking a significant step in its transition to electric vehicles [23] - Apple announced the closure of its first retail store in China, located in Dalian, due to the departure of multiple retailers from the shopping center, while planning to open a new store in Shenzhen [24] - Tencent is facing a lawsuit from Sony over alleged copyright infringement related to its new game "Wild Origin," which is claimed to have copied elements from Sony's "Horizon Zero Dawn" [25]

格隆汇7月29日｜纳斯达克金龙中国指数跌超1%。热门中概股小马智行跌超8.5%，理想跌6.7%，小鹏跌 3.4%，文远知行跌3%，小米跌2.5%，百度、蔚来、京东跌超2%，阿里巴巴跌1.8%，百胜中国跌0.9%。 ...

Core Viewpoint - A recent Reuters investigation revealed that some Chinese car manufacturers are inflating sales figures through "pre-insurance" practices, which have become increasingly common in the industry, involving both domestic and foreign brands such as BYD, Volkswagen, Toyota, and Buick [1] Group 1: Consumer Complaints - The investigation identified 97 consumer complaints regarding the practice of pre-insurance, where vehicles were insured under someone else's name before being sold [1] - Dealers admitted that this practice is aimed at meeting monthly sales targets [1] - Affected brands include Neta, Zeekr, Li Auto, Changan, Geely, and FAW-Volkswagen, with many vehicles counted as "sold" before official sales, referred to as "zero-kilometer used cars" [1] Group 2: Company Responses - Volkswagen China stated it will investigate the complaints and emphasized that it does not use insurance to boost sales [1] - SAIC-GM clarified that its sales data is based on actual deliveries [1] - BYD and Geely did not respond to requests for comment [1] Group 3: Legal Actions and Industry Implications - Court records indicate that since 2023, consumers have filed lawsuits against dealers for concealing pre-insurance practices, with some cases resulting in consumer victories and compensation [1] - Industry insiders noted that such practices could mislead the market's understanding of actual demand and pose risks in production capacity allocation [1]

Group 1 - The core point of the article is the competitive pricing and features of electric SUVs targeting family users, specifically the launch of the LeDao L90 and the release of the Li Auto i8 [2] - LeDao's L90 top configuration is priced at no more than 320,000 yuan, emphasizing the importance of family involvement in the purchasing decision for large electric SUVs [2] - Li Auto has launched its family-oriented six-seat electric SUV, the Li i8, with a retail price range of 321,800 to 369,800 yuan, indicating a competitive market for family electric SUVs [2] Group 2 - The LeDao L90 is set to be officially launched on July 31, highlighting the growing trend of electric SUVs designed for family use [2] - Both LeDao L90 and Li i8 are positioned as large three-row electric SUVs, catering to the needs of families [2] - The emphasis on features such as front storage compartments and VIP seating arrangements reflects the evolving consumer preferences in the electric vehicle market [2]