Market Overview - The Hang Seng Index is expected to rise to 25,700 points as geopolitical tensions ease and oil prices retreat, alleviating inflation concerns [1] - The market sentiment is supported by the resumption of shipping by certain Chinese companies in the Middle East and the anticipated visits between US and Chinese leaders [1] - However, geopolitical uncertainties may persist, and corporate earnings are likely to face challenges from rising commodity prices and shipping costs [1] Company News - Industrial robot manufacturer Huichuan (300124.SZ) plans to list in Hong Kong, aiming to raise 15.6 billion HKD [3] - Bank of China (3988) reported a 2% increase in profit for the previous year [3] - Agricultural Bank of China (1288) saw a 3% profit increase year-on-year [3] - Wallen Technology (6082) experienced a 207% surge in revenue last year [3] - Sunny Optical (2382) reported a 72% increase in net profit, with a final dividend doubling to 120.6 HKD cents [3] - China Shenhua (1088) reported a 9% decline in net profit [3] Economic Outlook - The US Federal Reserve maintained interest rates, reflecting a cautious stance on monetary policy, with economic growth forecasted to rise by 0.1 percentage points to 2.4% [4] - The unemployment rate is projected to remain at 4.4%, while inflation expectations have been adjusted upward to 2.7% due to geopolitical uncertainties [4] - The geopolitical situation in the Middle East continues to impact oil prices, with expectations of a mid-term retreat from high levels [4] Sector Focus - AI stocks are experiencing rapid growth due to intensive upgrades in large models, contributing to the semiconductor industry's expansion [6] - Electric vehicle manufacturers are expected to report improved sales figures for March, indicating a monthly recovery [6] - The innovative drug sector is seeing strong performance from CXO companies, with significant academic conferences scheduled for the second quarter to validate R&D progress [6] Regulatory Developments - The State Administration for Market Regulation is focusing on preventing "involution" competition in key sectors such as platform economy, photovoltaic, lithium batteries, and new energy vehicles [7] - Measures will be implemented to address unfair competition practices among platform operators, including price manipulation and forced sales below cost [7] - The administration is also working on a new regulation to prohibit unfair competition in the digital space, aiming to balance data protection and utilization [7]

香港聯合交易所有限公司及證券及期貨事務監察委員會對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Shanjin International Gold Co., Ltd. 山 金 國 際 黃 金 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） 警告 本公告乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會 （「證監會」）的要求而刊發，僅用作向香港公眾人士提供資料。 閣下閱覽本公告， 即表示 閣下知悉、接納並向山金國際黃金股份有限公司（「本公司」）、其聯席保薦 人、保薦人兼整體協調人、整體協調人、顧問或包銷團成員表示同意： – 1 – (a) 在聯交所網站登載本公告，並不會引致本公司、其聯席保薦人、保薦人兼整體 協調人、整體協調人、顧問或包銷團成員須於香港或任何其他司法權區進行發 售或配售活動的責任。概不保證本公司將會進行發售或配售； (b) 本公告所涉及的上市申請並未獲批准，聯交所及證監會或會接納、發回或拒絕 有關的公開發售及╱或上市申請； (c) 本公告不應被視 ...

Market Performance - The Hang Seng Index (HSI) rose by 368 points or 1.4%, closing at 25,834 points, driven by gains in tech and automotive stocks[1] - The Shanghai Composite Index fell by 10 points or nearly 0.3%, closing at 4,084 points, with a trading volume of approximately 1.04 trillion yuan[1] - The Nasdaq Composite Index increased by 268 points or 1.2%, closing at 22,374 points, while the Dow Jones Industrial Average rose by 387 points or 0.8%, closing at 46,946 points[2] Economic Indicators - The People's Bank of China conducted a 137.3 billion yuan 7-day reverse repurchase operation, resulting in a net injection of 88.8 billion yuan for the day[1] - The RMB central parity rate was adjusted down by 50 pips to 6.9057 against the US dollar[1] Company Performance - Zero Run Auto reported a revenue of 64.73 billion yuan for 2025, a year-on-year increase of 101.3%, and turned a profit of 540 million yuan compared to a loss of 2.82 billion yuan in the previous year[3] - Beike-W reported a net income of 94.58 billion yuan for the year ending December, a year-on-year increase of 1.2%, while net profit attributable to shareholders fell by 26.3% to 2.994 billion yuan[4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 HATCHER GROUP LIMITED 亦辰集團有限公司* （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8365） 自願公告 本集團將以其內部資源於首次認購時悉數認購可供認購的代幣化投資，並預期於Espetopia 平台轉售該等代幣化投資或持有該等投資至到期以獲利。 本集團正處於業務拓展階段，除其中包括提供傳統企業融資顧問服務、業務諮詢服務、 環境、社會及管治顧問服務以及風險管理及內部監控顧問服務外，亦將涵蓋具有企業融 資元素的受規管區塊鏈證券業務。此次進一步認購及交易代幣化投資，鞏固了本集團與 Esperanza證券集團合作建立代幣化投資自動化交易平台的往績記錄。 完成於ESPERANZA證券二級市場之 代幣化投資交易 及 認購兩項與韓國男團演唱會相關之 代幣化投資 本公告由亦辰集團有限公司（「本公司 ...

Market Performance - The Hang Seng Index (HSI) has returned to the bottom of the 25,000-point framework, indicating a potential buying opportunity for long-term investors[1] - In January, the Hong Kong stock market briefly surged to nearly 28,000 points but subsequently retraced over 1,000 points within a few days, settling back into the 25,000 to 27,000 points range[4] Investor Sentiment - The current market sentiment is characterized by fear, as many investors had anticipated a rise to 30,000 points but were met with unexpected downturns, referred to as a "black swan" event[5] - Despite a 7% decline in Japanese and Korean markets, the Hong Kong market only experienced a 2.5% drop, suggesting relative stability[5] Investment Strategy - Given the return to the 25,000-point framework bottom, it is suggested that long-term investors consider making additional investments at this level[5]

Market Overview - The Hang Seng Index closed at 25,757.29, up 1.72% or 435 points, with a trading volume of HKD 292.77 billion, down 9% from the previous day[5] - The Dow Jones fell by 0.95% to 47,501.55, while the S&P 500 and Nasdaq dropped by 1.33% and 1.59%, respectively[5] Economic Indicators - The US inflation data is being closely monitored, with concerns that rising oil prices may hinder interest rate cuts[2] - The Middle East conflict continues to impact market sentiment, with experts predicting that the Hang Seng Index may test the 25,000 level[2] Sector Performance - Financial stocks showed positive movement, with HSBC (5.HK) rising by 1% and AIA (1299.HK) increasing by 0.6%[5] - The technology index experienced a decline of 10.31% year-to-date, indicating significant volatility in this sector[5] Company Updates - JD.com (9618.HK) reported better-than-expected performance, with its stock rising by 10%[5] - New City Development (1030.HK) has initiated a public offering for a real estate investment trust, which has been accepted by regulatory authorities[6] Commodity Prices - New York crude oil prices surged by 12.21% to USD 90.90 per barrel, reflecting a year-to-date increase of 90.37%[5] - Gold prices also saw an increase of 1.58%, with a year-to-date rise of 16.48%[5]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 2 (i) 德林證券作為RWA代幣之建議分銷商，將繼續建立必要的營運基礎設施 及產品入駐流程，以便根據適用監管要求，向合資格專業投資者分銷德 林大廈LPF及Animoca Brands LPF的代幣化權益；及 (ii) DLDFO作為建議投資經理，將繼續實施建議計劃，包括根據其第9類（提 供資產管理）受規管活動應用區塊鏈技術，以代幣形式表示基金權益；及 (iii) Asseto Fintech Hong Kong Limited作為代幣化綜合解決方案供應商，將在 HashKey Chain區塊鏈協議及XRP帳本(XRPL)上進行代幣發行。 董事會相信，推進此等項目可能帶來裨益（包括但不限於）：(i)在受監管框架下 促進更廣泛的產品創新；(ii ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 HATCHER GROUP LIMITED 亦辰集團有限公司* （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8365） 自願公告 有關擔任Esperanza證券管理的證監會准許代幣化投資 香港區經紀人、分銷商、承銷商及項目財務顧問的諒解備忘錄 本公告由亦辰集團有限公司（「本公司」）自願作出，旨在向本公司股東及潛在投資者提供 有關本集團最新業務發展的更新資料。 首批開放予合資格投資者參與的項目包括(i)《黃凱芹40年來香港演唱會2026》，及(ii)於二 零二六年四月十一日在馬來西亞舉行的韓國男團演唱會（項目詳情待演唱會票房開售公佈）。 本公司期望通過與Esperanza證券的戰略合作，讓投資者在合規環境下進入區塊鏈金融科 技市場，將數字資產的概念時代務實落地，令香港各行各業受惠。 訂立諒解備忘錄的理由及裨益 ...

Investment Rating - The report emphasizes the critical role of financial services in driving sustainable development, positioning Hong Kong as a leading hub for green and sustainable finance [6][9]. Core Insights - The report outlines the evolution of sustainable finance from a marginal area driven by ethical considerations to a core component of global capital markets, highlighting the structural reassessment of risk and return [29][30]. - It identifies a significant funding gap, particularly in developing countries, where an additional $4 trillion annually is needed to meet sustainable development and climate transition goals [9][23]. - The report discusses the rise of innovative financial instruments such as green bonds and sustainability-linked loans, which are becoming mainstream tools for directing capital towards projects that yield measurable environmental and social benefits [31][36]. Summary by Sections 1. Interconnection between Sustainable Development and Finance - Sustainable development is framed as a holistic approach that meets contemporary needs without compromising future generations, often represented by the "Triple Bottom Line" framework [12]. - Progress towards sustainable development goals (SDGs) has been uneven, with only about 20% of indicators expected to be met by 2030, highlighting a structural disconnect between global sustainability aspirations and current economic governance [16][19]. 2. Growth of Green and Sustainable Finance - The past decade has seen sustainable finance evolve into a central paradigm within global capital markets, with sustainable considerations now integral to financial analysis [29][30]. - The global green finance market is projected to grow from $4.2 trillion in 2023 to $28.7 trillion by 2033, reflecting a compound annual growth rate of 21.3% [33]. 3. Role of Financial Services in Achieving Sustainable Development - Financial institutions play a pivotal role in shaping economic trajectories through capital allocation in infrastructure, energy systems, and public goods, necessitating alignment with social priorities [21][28]. - The report emphasizes the need for structural transformation in the global financial architecture to address climate stability and biodiversity conservation [26][28]. 4. International Collaboration - The report highlights the importance of international cooperation in promoting sustainable finance, particularly in the Asia-Pacific region, where partnerships are being formed to support sustainable development financing [44]. 5. Conclusion - The report concludes that the effectiveness of global sustainable development hinges on the financial sector's ability to transition from a passive growth tool to an active agent of systemic change [11][30].

Market Performance - The Hang Seng Index (HSI) fell by 325 points or 1.2%, closing at 26,559 points[1] - The Shanghai Composite Index decreased by 10 points or 0.3%, ending at 4,065 points[1] - The total market turnover in Hong Kong was 247.865 billion HKD[1] Monetary Policy - The People's Bank of China conducted a 31.5 billion CNY seven-day reverse repurchase operation at a rate of 1.4%[1] - A total of 4,775 billion CNY in reverse repos matured, resulting in a net withdrawal of 146 billion CNY for the day[1] - The RMB/USD central parity rate was adjusted down by 20 points to 6.9590[1] Economic Indicators - As of the end of January 2026, China's foreign exchange reserves reached approximately 3.4 trillion USD, an increase of 41.2 billion USD or 1.23% from December 2025[3] - Hong Kong's official foreign exchange reserves were reported at 435.6 billion USD, up from 427.9 billion USD at the end of December 2025[3] Corporate Developments - Zijin Mining Group aims to rank among the top three globally in copper and gold production by 2028, with gold production targets of 90 tons in 2025, 105 tons in 2026, and 130-140 tons in 2028[4] - Meitu Inc. expects a 60%-66% increase in adjusted net profit for the fiscal year 2025, driven by rapid growth in its core business of imaging and design products[4]