恒指收跌347点，科网股走低

Market Overview - The Hang Seng Index closed at 25,628.88, down 347 points or 1.34%, with 66 out of 89 blue-chip stocks declining [3][4] - The total market turnover was 204.29 billion, with a net inflow of 3.655 billion from northbound trading [3] Company News - China National Airlines reported a 10.1% year-on-year increase in passenger turnover for November, with an average seat occupancy rate of 83.3%, up 4 percentage points [12] - SenseTime launched its Seko 2.0 platform for series production, significantly improving production efficiency by reducing the time required for animated series by 80% to 90% [13] - Meituan announced the suspension of its "Tuan Hao Huo" business to focus on exploring new retail formats, indicating a strategic shift in its operations [14] - Vanke's bondholder meeting resulted in the rejection of all three proposals regarding debt repayment arrangements, leading to a second meeting scheduled for December 17 [15] Industry Dynamics - The Hong Kong General Chamber of Commerce signed three memorandums of cooperation in Hangzhou to enhance collaboration in innovation and technology between Hong Kong and Hangzhou [7] - The credit demand outlook for Hong Kong remains cautiously optimistic, with signs of stabilization in retail credit, although challenges persist in commercial loans [8] - Germany's trade and investment agency predicts that China will fall out of the top five export destinations for Germany for the first time in 15 years, with a projected 10% decrease in exports to 81 billion euros (approximately 740 billion HKD) [9] - The China Securities Regulatory Commission is deepening reforms in the capital market to enhance stability and promote high-quality development in the private equity fund sector [10]