智通财经网·2025-08-25 02:36Group 1 - The Hang Seng Tech Index saw a significant increase of over 3% in early trading, driven by gains in major tech stocks such as Baidu, Alibaba, Kuaishou, Meituan, and Tencent, with Baidu rising by 5.37% to HKD 90.25 and Alibaba increasing by 5.17% to HKD 124.1 [1] - A new draft regulation titled "Internet Platform Pricing Behavior Rules" has been publicly released for consultation, focusing on pricing autonomy, price marking behavior, competitive pricing, and consumer price rights protection, consisting of 30 articles across seven chapters [1] Group 2 - The Hang Seng Tech Index has underperformed in the current market cycle, attributed to the impact of the "food delivery war" on profit expectations and the weak Hong Kong dollar leading to liquidity tightening by the Hong Kong Monetary Authority [2] - Since the end of June, the Hong Kong Monetary Authority has been actively withdrawing liquidity to stabilize the currency, resulting in a return to normal liquidity levels in the banking sector, with the Hong Kong dollar showing significant appreciation [2] - The recent comments from Federal Reserve Chairman Jerome Powell at the Jackson Hole global central bank meeting suggest a potential shift towards a more dovish policy stance, which may enhance liquidity expectations for Hong Kong stocks and provide a rebound opportunity for the underperforming Hang Seng Tech Index [2]