Core Insights - The report highlights a positive market sentiment in Hong Kong, with the Hang Seng Index closing up 251 points or 0.97%, driven by gains in banking and oil stocks [3][4] - The report notes a significant inflow of capital from northbound trading, with a net inflow of 5.472 billion HKD [3] - The report discusses the performance of blue-chip stocks, with 62 out of 88 stocks rising, indicating a broad-based recovery in the market [4] Market Performance - The Hang Seng Index opened at 25,999 points, reaching a high of 26,217 points during the day, before closing at 26,158 points [3] - The trading volume for the day was reported at 228.76 billion HKD, reflecting active market participation [3] - The report mentions that the market has rebounded after a decline of 948 points in the previous month, indicating a potential stabilization [4] Company Developments - Animoca Brands, a Hong Kong-based Web3 unicorn, is set to go public through a reverse merger with Currenc Group, which is expected to enhance its market presence in digital assets [7] - Sasa International anticipates a significant increase in interim profits, projecting a rise of 50% to 56% year-on-year, attributed to increased tourist traffic and effective marketing strategies [13] - Xpeng Motors reported a 76% year-on-year increase in electric vehicle deliveries for October, reaching a record of 42,013 units, showcasing strong demand for its products [11] Strategic Collaborations - Zhaojin Mining is partnering with Ant Group's SigmaLayer to explore the digitization of overseas gold assets, leveraging blockchain and AI technologies [12] - Galaxy, a South Korean talent agency, has welcomed Star Legend as a strategic shareholder, which is expected to create synergies in artist collaborations and IP development [14] Regulatory Updates - The Hong Kong Securities and Futures Commission has issued new guidelines to facilitate licensed virtual asset trading platforms, aiming to enhance market liquidity and competitiveness [9] - The establishment of the Debt Management Division by the Chinese Ministry of Finance aims to strengthen the oversight of government debt and mitigate risks [10]

Core Viewpoint - Xiaopeng Motors (09868) has achieved significant growth in electric vehicle deliveries, marking a record month in October 2025 with 42,013 units delivered, reflecting a year-on-year increase of 76% and a month-on-month increase of 1% [1] Group 1: Delivery Performance - In October 2025, Xiaopeng Motors delivered 42,013 smart electric vehicles, achieving a new monthly delivery record [1] - For the first ten months of 2025, the total deliveries reached 355,209 units, representing a 190% increase compared to the same period last year [1] - This marks the second consecutive month where monthly deliveries exceeded 40,000 units, indicating a strong growth trend and enhanced brand presence [1] Group 2: Global Expansion - In October 2025, Xiaopeng Motors accelerated its global expansion by entering seven new markets across Asia, Europe, and Africa, including Lithuania, Latvia, Estonia, Cambodia, Morocco, Tunisia, and Qatar [1] Group 3: Advanced Driver Assistance System - The user engagement for Xiaopeng's advanced driver assistance system, XNGP, remains robust, with a monthly active user penetration rate of 86% for urban intelligent driving in October 2025 [1] Group 4: Upcoming Events - On November 5, 2025, Xiaopeng Motors will host the 2025 Xiaopeng Technology Day at the Xiaopeng Technology Park in Guangzhou, showcasing advancements in artificial intelligence technology and innovations in areas such as physical AI and Robotaxi [1]

Core Insights - Xiaopeng Motors delivered 42,013 smart electric vehicles in October 2025, marking a 76% year-on-year increase and a 1% month-on-month increase, setting a new monthly delivery record [1] - In the first ten months of 2025, the company delivered a total of 355,209 smart electric vehicles, representing a 190% increase compared to the same period last year [1] - Xiaopeng Motors expanded its global presence by entering seven new markets in Europe, Asia, and Africa in October 2025, including Lithuania, Latvia, Estonia, Cambodia, Morocco, Tunisia, and Qatar [1] Delivery Performance - The company achieved over 40,000 monthly deliveries for the second consecutive month, indicating a strong growth trajectory and enhanced brand presence [1] - The penetration rate of the advanced driver-assistance system, Xiaopeng's Intelligent Navigation Assisted Driving (XNGP), reached 86% among monthly active users in urban driving scenarios in October 2025 [1] Upcoming Events - Xiaopeng Motors will host the 2025 Xiaopeng Technology Day on November 5, 2025, at the Xiaopeng Technology Park in Guangzhou, where it will showcase advancements in artificial intelligence technology and innovations in areas such as physical AI and Robotaxi [1]