The market was abuzz with rumors after midday today (14th) that Chinese President Xi Jinping will host a forum next Monday (17th) to boost confidence among private enterprises. Jack Ma, co-founder of BABA-W (09988.HK)  +1.800 (+1.406%)    Short selling $1.27B; Ratio 16.527%   , Pony Ma, CEO of TENCENT (00700.HK)  +7.000 (+1.408%)    Short selling $797.18M; Ratio 8.081%   , and Lei Jun, founder of XIAOMI-W (01810.HK)  -2.700 (-5.488%)    Short selling $1.88B; Ratio 6.687%   , along with executives from Deepseek and Huawei, are expected to attend the forum.

Shored up by heavyweight tech stocks, the HSI one soared 757 points after midday to reach 22,571, surpassing the previous day's high and hitting an over four-month high. It last printed at 22,534, rebounding 719 points or nearly 3.3%, with a turnover of $309.2 billion. The HSTECH climbed to a peak of 5,510, setting a nearly three-year high. It last printed at 5,451, rebounding 216 points or 4.1%.

Related NewsCMBI Trims KUAISHOU-W's TP to $80; AI Development Accelerated for LT Growth
ALI HEALTH (00241.HK)  +0.020 (+0.425%)    Short selling $81.38M; Ratio 22.541%   ascended to an over four-month high of $5.85 with a spike of 28% at one point. It last traded at $5.56, up 21.66%, making it the best-performing blue chip with a turnover of $5.05 billion, which already exceeded the total turnover of the previous day. Its peer JD HEALTH (06618.HK)  -0.200 (-0.603%)    Short selling $87.05M; Ratio 23.294%   also mushroomed 6.5%.

WuXi-related stocks thrived. WUXI BIO (02269.HK)  -0.250 (-0.924%)    Short selling $477.73M; Ratio 20.196%   last traded at $23.05, up 10.55%, on a turnover of $2.373 billion. WUXI APPTEC (02359.HK)  0.000 (0.000%)    Short selling $231.55M; Ratio 30.878%   last printed at $61, up 7.58%, on a turnover of $666 million. CSPC PHARMA (01093.HK)  +0.540 (+10.931%)    Short selling $314.42M; Ratio 12.860%   and SINO BIOPHARM (01177.HK)  +0.110 (+2.933%)    Short selling $144.50M; Ratio 26.177%   also grew 4.6-5.3%. HANSOH PHARMA (03692.HK)  -0.050 (-0.204%)    Short selling $86.72M; Ratio 22.343%   lagged with a mild increase of 0.9%.

Heavyweight tech stocks buoyed the market upward. BABA-W was last at $123.5, up 5.83%, on a turnover of $28.455 billion. MEITUAN-W (03690.HK)  +2.100 (+1.348%)    Short selling $790.18M; Ratio 21.778%   was last at $168.9, up 5.76%, on a turnover of $10.728 billion. TENCENT was last at $469.6, up 6.24%, on a turnover of $30.154 billion. JD-SW (09618.HK)  +0.400 (+0.249%)    Short selling $148.56M; Ratio 13.574%   was last at $162.1, up 7%, on a turnover of $3.028 billion. KUAISHOU-W (01024.HK)  +1.800 (+3.312%)    Short selling $908.44M; Ratio 31.645%   was last at $52.95, up 6.54%, on a turnover of $6.559 billion. BIDU-SW (09888.HK)  -0.950 (-1.056%)    Short selling $328.28M; Ratio 45.447%   was last at $95.9, up 2.02%, on a turnover of $2.097 billion.

Related NewsCiti Drops KUAISHOU-W's TP to $66 w/ Lower FY25-26 Earnings Forecasts
The smart driving concept continued to be hot. BYD COMPANY (01211.HK)  -6.600 (-1.680%)    Short selling $1.13B; Ratio 29.055%   refreshed its historical high at $366.4. It last printed at $362.8, up 7.02%, on a turnover of $5.54 billion. Its same series BYD ELECTRONIC (00285.HK)  -0.450 (-1.117%)    Short selling $115.74M; Ratio 15.908%   also rebounded 4.7%. XIAOMI-W notched an all-time high of $44.9 intraday. It last traded at $44.6, up 7.08%, on a turnover of $13.548 billion.

The three major Chinese telecoms delivered booming trends after integrating with DeepSeek. CHINA UNICOM (00762.HK)  +0.070 (+0.806%)    Short selling $27.83M; Ratio 8.741%   reached an over five-year high of $8.39. It last traded at $8.33, up 6.79%, on a turnover of $1.319 billion. CHINA TELECOM (00728.HK)  +0.060 (+1.027%)    Short selling $40.41M; Ratio 12.358%   ballooned 5.4%, and CHINA MOBILE (00941.HK)  +0.200 (+0.239%)    Short selling $111.42M; Ratio 13.481%   inclined 2.4%.

Heavyweight old economy stocks also performed robustly. AIA (01299.HK)  +1.150 (+1.962%)    Short selling $244.10M; Ratio 16.105%   last traded at $56.3, continuing to rise 3.3%, on a turnover of $2.815 billion. HKEX (00388.HK)  +3.200 (+0.928%)    Short selling $287.66M; Ratio 17.619%   last printed at $338.4, up 3.87%, on a turnover of $5.179 billion. ICBC (01398.HK)  -0.030 (-0.542%)    Short selling $185.25M; Ratio 17.561%   and CCB (00939.HK)  +0.030 (+0.436%)    Short selling $160.56M; Ratio 7.769%   advanced 1.1%. However, HSBC HOLDINGS (00005.HK)  +0.600 (+0.681%)    Short selling $132.37M; Ratio 14.611%   , which will announce its results next week, edged down 0.5%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-01 16:25.)

Related NewsHSBC Research Lifts ALI HEALTH (00241.HK) TP to $5.5, Upbeat on LT Growth Outlook