Mei Ri Jing Ji Xin Wen·2025-09-17 02:40Core Viewpoint - The Hong Kong stock market opened slightly higher on September 17, with the Hang Seng Index and Hang Seng Tech Index showing positive movements, indicating a favorable market sentiment [1][2]. Company Highlights - Alibaba Group (09988.HK) opened up by 2.74%, reaching a new high of HKD 157.7 [3]. - Alibaba announced the completion of a USD 3.2 billion zero-coupon convertible senior notes issuance due in 2032, aimed at enhancing its cloud infrastructure and international business operations [5]. - The initial conversion rate for the notes is set at 5.1773 American depositary shares per USD 1,000 principal amount, translating to a conversion price of USD 193.15 per share [5]. - There are ongoing discussions between Alibaba and WeChat regarding a potential collaboration that would allow Taobao to operate mini-programs within WeChat, facilitating direct transactions [5]. Market Trends - Other tech stocks showed strong performance, with Baidu (09888.HK) rising over 8%, NIO (09866.HK) increasing by over 7%, and JD.com (09618.HK) up by over 3% [6]. - New listing Health 160 (02656.HK) surged over 160% on its debut [6]. Market Outlook - According to recent reports, the Hang Seng Tech Index is expected to lead in revenue and net profit growth by Q2 2025, with projected year-on-year growth rates of 14.43% for revenue and 16.18% for net profit [7]. - The impact of potential interest rate cuts by the Federal Reserve is anticipated to benefit growth sectors and interest-sensitive industries in both A-shares and Hong Kong stocks, with a particular focus on AI computing, semiconductors, and innovative pharmaceuticals [7].