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Market Overview - The Hang Seng Index has surpassed 25,000 points, closing at 25,130.03, with a daily increase of 0.54% [2] - The Hang Seng Technology Index rose by 0.38% to 5,606.83, while the Hang Seng China Enterprises Index increased by 0.39% to 9,075.6 [2] - The total market turnover reached 266.073 billion HKD, with net inflows from southbound funds amounting to 2.717 billion HKD [2] Stock Performance - Xinyi Glass saw a significant increase of 7.23%, while Zhongsheng Holdings and BYD rose by 6.15% and 5.09% respectively, leading the blue-chip stocks [3] - BYD's stock price closed at 134.20 HKD, marking a 5.09% increase, with a trading volume of 4.828 billion HKD [3] - The materials sector led the industry performance with a 3.4% increase, followed by conglomerates at 2.14% and energy at 1.93% [3] Concept Indexes - Various concept indexes experienced gains, with the air pollution control index rising by 7.28%, cobalt metal index by 6.81%, and liquor index by 5.84% [4] - Conversely, the tobacco index and electronic cigarette index both fell by 4.76%, while the software outsourcing index decreased by 3.34% [4] ETF Growth - The Southern Eastern Hang Seng Technology Index ETF has reached a record size of 50.125 billion HKD, marking an increase of 12.4 billion HKD year-to-date [5] - The growth is attributed to the stable improvement of China's macro economy, structural growth opportunities from AI capital expenditure, and ongoing "anti-involution" measures [5] - The ETF is expected to benefit from AI dividends, policy support, and high-quality industry development, providing long-term growth momentum [5] BYD's Market Position - BYD has outperformed Tesla in Hong Kong, with a market share of approximately 26.71% in electric vehicle registrations, totaling 4,902 units in the first half of 2025 [6][7] - Tesla registered 3,889 units, capturing 21.1% of the market, while other brands like BMW and Zeekr followed with significantly lower shares [7] Funding and Financials - UBTECH Robotics announced plans to issue 30.155 million H-shares at a price of 82 HKD per share, aiming to raise approximately 24.103 billion HKD for business operations and debt repayment [9] - Dongwu Securities reported that UBTECH recently won a procurement order exceeding 90 million HKD, marking the largest procurement order for humanoid robots globally [12] - Revenue projections for UBTECH from 2025 to 2027 are estimated at 2.016 billion, 2.823 billion, and 3.705 billion HKD, with corresponding net profits expected to be negative [12]