Market Overview - The Hang Seng Index closed down 182 points or 0.7%, ending at 25,716 points, after experiencing a drop of up to 377 points during the trading session [3][4] - The total market turnover was HKD 24.218 billion, with a net inflow of HKD 1.1283 billion from northbound trading [3] Sector Performance - Among 90 blue-chip stocks, 60 declined, with notable drops in technology stocks such as Tencent down 1% to HKD 546.5, Baidu down 1.1% to HKD 120.4, and Alibaba down 1.2% to HKD 131.6 [4] - JD Group saw an increase of 0.8% to HKD 109.5, while JD Logistics rose 4.2% to HKD 14.2, marking it as the best-performing blue-chip [4] Economic and Industry Insights - The "14th Five-Year Plan" has been approved, emphasizing the central government's support for Hong Kong's development and outlining specific roles for Hong Kong in areas such as international finance and risk management [7] - The financial sector (excluding banks) saw a revenue increase of 34.7% year-on-year in Q4, while the insurance sector grew by 31.9% [9] Company News - China Merchants Land reported a loss of RMB 2.201 billion for the year, compared to a loss of RMB 1.851 billion in the previous year, with revenue increasing by 27.05% to RMB 26.251 billion [11] - Shaw Brothers Holdings anticipates a loss of approximately RMB 14 million for the fiscal year, attributed to significant impairment losses in film and television investments [12]