Ge Long Hui·2025-05-15 23:02Group 1: Market Activity - Southbound funds recorded a net sell of HKD 221 million in Hong Kong stocks on May 15, with notable net purchases in China Construction Bank (HKD 977 million), China Mobile (HKD 666 million), Weimob Group (HKD 113 million), and Li Auto-W (HKD 113 million) [1] - Tencent Holdings experienced a significant net sell of HKD 2.36 billion, marking a continuous net sell for 8 days totaling HKD 12.35 billion [3][4] - China Construction Bank and China Mobile have seen net buying for 3 consecutive days, with total net purchases of HKD 2.32 billion and HKD 1.10 billion respectively [3] Group 2: Company-Specific Developments - China Construction Bank benefits from a 0.5 percentage point reduction in the reserve requirement ratio by the People's Bank of China, aimed at enhancing liquidity and supporting the real economy, particularly in auto finance and leasing [4] - Weimob Group is undergoing structural changes as Tencent announces the establishment of an e-commerce product department to enhance transaction models within WeChat [4] - Li Auto is set to launch new electric SUV models, with a projected price range of RMB 200,000 to RMB 400,000, and is expected to see a gradual recovery in sales throughout the year [4] Group 3: Financial Performance - Tencent reported Q1 revenue of RMB 180.02 billion, reflecting a 13% year-on-year growth, with AI capabilities contributing significantly to its advertising and gaming sectors [5] - Morgan Stanley raised the target price for Pop Mart from HKD 204 to HKD 224, citing strong global demand for Labubu v3 and a favorable trade environment [5]