Midea Group(SZ:000333) Shen Zhen Shang Bao·2026-02-20 06:42Market Performance - The Hang Seng Index and Hang Seng Tech Index opened lower, with the Hang Seng Index dropping by 1.31% at one point and currently down by 0.68%, while the Hang Seng Tech Index fell by 2.7% and is currently down by 2.02% [1] AI Application Stocks - AI application stocks in Hong Kong showed strong performance, with Haizhi Technology Group rising by 19.25%, MINIMAX-WP increasing by 11.63%, and Zhipu gaining 18.31%, bringing their market capitalization to HKD 268 billion [1] Regulatory Developments - Victory Securities saw a rise of 13.12% following the announcement that its virtual asset trading platform VDX received an operating license on February 13 from the Hong Kong Securities and Futures Commission [1] Cryptocurrency Stocks - Some Hong Kong Bitcoin-related stocks performed well, with Star Chain Group surging by 46.67%. This follows comments from Hong Kong legislator Wu Jiezhuang about the issuance of the first stablecoin licenses in March, aimed at promoting usage through airdrops [1] Technology Sector Decline - The majority of tech stocks in Hong Kong declined, with Kingdee International and Baidu Group falling over 5%, Alibaba and Bilibili down over 4%, and Netease down by 3.95%. Other companies like Tongcheng Travel, Li Auto, and Tencent Music also saw declines exceeding 3.3% [1]