Group 1: Market Overview - The Hang Seng Index experienced a decline, closing down 281 points or 1.05% at 26,563 points, marking a three-day losing streak with a total drop of 435 points or 1.61% [3] - The market opened lower, with a drop of 203 points, and at one point, the index fell to 26,533 points before slightly recovering after the announcement of China's GDP growth target [3] - The total market turnover for the day was 225.69 billion [3] Group 2: Sector Performance - Among 88 blue-chip stocks, 66 saw declines, with notable drops in pharmaceutical stocks such as China Biologic Products (down 6.2% to HKD 6.52), WuXi Biologics (down 4.8% to HKD 37.86), and Innovent Biologics (down 4.6% to HKD 85.35) [4] Group 3: Real Estate Market - In mainland China, the housing price index for 70 major cities fell by 2.7% year-on-year, marking the largest decline in five months [7] - In December, first-tier cities saw a year-on-year decline of 1.7% in new residential prices, with Shanghai experiencing a 4.8% increase while Beijing, Guangzhou, and Shenzhen saw declines of 2.4%, 4.8%, and 4.4% respectively [8] Group 4: Company News - Swire Properties announced a buyback of USD 400 million in notes due in 2026, aiming to optimize its capital structure while simultaneously issuing new notes [11] - KKCG Maritime proposed a public offer to acquire up to 52.13 million shares of Ferretti at a price of EUR 3.5 per share, which would increase its stake from 14.5% to 29.9% [12] - Luk Fook Holdings renewed its lease for a prime retail space in Causeway Bay at a monthly rent of HKD 750,000, reflecting a decrease of over 6% from the previous rental rate [13]