Xin Lang Cai Jing·2026-01-05 08:13Market Overview - The Hong Kong stock market showed mixed results, with the Hang Seng Index up 0.03% to 26,347.24 points, the Hang Seng Tech Index up 0.09%, and the State-Owned Enterprises Index down 0.22% [1][7] Technology Sector - Internet stocks had varied performances, with Kuaishou rising over 11%, Bilibili up over 4%, Alibaba increasing over 2%, while NetEase and Xiaomi fell over 2% [1][7] Biopharmaceutical Sector - Biopharmaceutical stocks led the gains, with Rongchang Biopharmaceutical rising over 7%. The CDE announced that Rongchang's new indication for Vidi Xi Tuo monoclonal antibody is set to be included as a breakthrough therapy [3][9] - In 2025, China approved 76 innovative drugs for market entry, significantly surpassing the 48 approved in 2024, marking a historical high. The total value of innovative drug licensing transactions exceeded $130 billion, with over 150 transactions, also a record [3][9] Real Estate Sector - Real estate stocks strengthened, with Ronxin China rising over 6%. A recent article in the Communist Party's publication "Qiushi" has raised investor hopes for a policy shift, suggesting a more substantial approach to real estate policy this year [3][11] - Morgan Stanley noted that the commentary indicates a potential change in the official stance towards the real estate market, with the next policy windows being the March "Two Sessions" and the April Politburo meeting [11] Brain-Computer Interface Sector - The brain-computer interface sector saw significant gains, with Nanjing Panda Electronics rising over 39%. Elon Musk announced that his company Neuralink plans to begin large-scale production of brain-computer interface devices in 2026 [4][11] - According to Precedence Research, the global brain-computer interface market is expected to grow to approximately $12.4 billion by 2034, with a CAGR of 17% from 2025 to 2034 [4][11] Oil Sector - Oil stocks weakened, with PetroChina falling over 3%. The U.S. has launched military actions against Venezuela, with President Trump stating that U.S. oil companies will invest billions to repair Venezuela's oil infrastructure while maintaining a complete oil embargo [6][12] Automotive Sector - Automotive stocks faced declines, with Great Wall Motors dropping over 6%. CICC reported that the domestic automotive industry may face challenges under continued policy conditions, while overseas sales remain stable [6][12] - The investment strategy suggests focusing on auto parts over complete vehicles, with attention to opportunities in robotics, smart driving, and AI-related developments [12]