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<Full-day Takeaway>HSI Down 524 pts; HSTI Down 112 pts; TENCENT Down over 6%; BABA Down over 4%; XIAOMI Up over 3%; QINGSONG HEALTH, CITIC TELECOM Hit New Highs; Market Turnover Rises
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<Research>G Sachs Keeps Buy on AAC TECH; 2H25 Operating Expense Ratio Improvement Beats
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PBOC States Need to Advance Legislation/ Amendments for People's Bank Law and Financial Stability Law
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Southbound Capital Net Inflow Surpasses $20B After Midday; HSI Wanes 515 Pts or ~2%
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<Research>Citi: AAC TECH 2H25 NP Slightly Misses
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<Research>Macquarie Hikes TP of GEELY AUTO to HKD24; 4Q25 Results Solid; Stock Remains Sector Top Pick
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<Research>Macquarie Sees Limited ST Profit Upside for TENCENT , Chops TP to $559
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<Research>G Sachs: AIA FY25 Results Largely In Line
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<Research>CMBI: GEELY AUTO Profit Resilience Leads Sector; Rating Kept at Buy
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<Research>CMBI Lowers TP for KINGDEE INT'L to HKD15.1; Core Beneficiary in AI Application Era
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US Authorizes American Firms to Conduct Biz with Venezuelan State Oil Firm PDVSA
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<Research>CMBI Slightly Trims TENCENT's TP to HKD750; Results in Line, AI Investment Expands Further
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AIA: Very Limited Exposure to Mideast Operations
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AAC TECH Leaps 3%+ After Midday; 2025 NP Spikes 39.8% YoY to RMB2.512B
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Hang Seng's HKD Prime Lending Rate Remains Unchanged at 5%
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<Research>G Sachs Mildly Cuts CKI HOLDINGS TP to HKD69; Results in Line
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CN MIIT Intends to Accelerate Addressing Shortcomings in Automotive Chips & Basic Software, Expand Application Scale
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<Hindsight>Brokers' Latest TPs & Views on TENCENT Post-Results
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<Research>Citi Expects TENCENT Core Biz to Be Resilient, Lifts TP to $787, Maintains Top Pick Status
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<H Shrs>HSI Dives 432 Pts at Midday as TENCENT Slides and XIAOMI Up against Mkt
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