Group 1: Market Overview - The Hong Kong stock market continues to experience fluctuations, with the Hang Seng Index closing at 25,343.43, down 153 points or 0.6%, after a day of volatility [3] - The trading volume decreased to below 30 billion HKD, indicating reduced market activity [3] Group 2: Macro & Industry Dynamics - The sustainable debt market in Hong Kong is projected to grow steadily, with an estimated issuance of 34.3 billion USD in the first half of 2025, representing a 15% year-on-year increase [6] - The total issuance of green and sustainable debt in Hong Kong is expected to reach 84.4 billion USD in 2024, a significant 61% increase from the previous year [6] - Goldman Sachs forecasts a substantial increase in global merger and acquisition (M&A) activity, predicting a total deal volume of approximately 3.1 trillion USD in 2025, rising to 3.9 trillion USD in 2026 [8] Group 3: Company News - WuXi AppTec plans to raise 2.731 billion HKD through a share placement at a price of 58.85 HKD per share, with approximately 90% of the proceeds allocated to expanding service capacity and production capabilities [10] - Zijin Mining International is expected to raise at least 3 billion USD (approximately 23.4 billion HKD) in its Hong Kong listing, which is 50% higher than the initial estimate [11] - Henderson Land Development's CFO indicated that residential property prices in Hong Kong are nearing a bottom, with expectations of increased demand due to immigration [12]