01709 Overview

Regulatory Notice Issued: The People's Bank of China and several other regulatory bodies issued a notice prohibiting the issuance of RMB-pegged stablecoins overseas without prior approval, aiming to mitigate risks associated with virtual currencies.

Market Response: Following the regulatory announcement, Hong Kong-listed stablecoin and cryptocurrency-related stocks experienced significant gains, with multiple companies reporting notable increases in their stock prices and trading volumes.

Market Performance: The Hang Seng Index (HSI) fell by 71 points (0.3%) to 26,851, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.

Active Heavyweights: Notable movements included Xiaomi and Ping An, both down approximately 1.6%, while Alibaba saw a slight increase of 1.1%.

Significant Declines: Ali Health and Pop Mart faced substantial drops of 6.3% and 4.8%, respectively, with Pop Mart experiencing high short selling activity.

Top Gainers: Techtronic Industries and Li Ning reported gains of 4.8% and 4.0%, respectively, with several companies hitting new highs in their stock prices.

Market Performance: The Hang Seng Index (HSI) rose by 559 points (2.2%) to 26,189, while the Hang Seng Tech Index (HSTI) increased by 186 points (3.4%) to 5,702, and the Hang Seng China Enterprises Index (HSCEI) gained 201 points (2.3%) to 9,115.

Top Gainers: Notable stock performances included Baidu (BIDU-SW) up 7.5%, NetEase (NTES) up 5.9%, and Li Auto (LI AUTO) up 4.9%, with significant short selling ratios observed across various stocks.

Heavyweight Stocks: Major companies like Alibaba (BABA) and Tencent (TENCENT) saw increases of 3.2% and 3.0%, respectively, with substantial short selling activity reported.

Noteworthy Movements: Stocks such as DL Holdings GP and Synagistics experienced significant gains of over 14%, while 361 Degrees faced a notable decline of 10.9%.

Stock Performance: DL Holdings GP (01709.HK) opened 14.5% higher and peaked at HKD2.69, closing at HKD2.32, a 24.73% increase with a trading volume of 134 million shares.

Approval for Virtual Asset Services: The company announced that DL Securities, in which it holds a 70% stake, received conditional approval from the Hong Kong SFC to offer virtual asset dealing services under an omnibus account arrangement.

Investment Focus: CH FIN LEASING is actively pursuing investments in AI and Web 3.0 sectors, having invested in BABA-W and various technology-related ETFs to diversify its asset portfolio.

Leadership Change: Mike Cai, the founder of MEITU, became the head of CH FIN LEASING in October 2025, with plans to use the company as an asset management platform for technology incubation and increased investments in digital assets.

Stock Performance: DL HOLDINGS GP (01709.HK) opened up 8.4% today, peaking at HKD2.66, and last traded at HKD2.60, reflecting a 9.24% increase on a volume of 74.026 million shares.

Profit Alert: The company issued a positive profit alert, expecting a net profit between HKD180-220 million for the six months ending September 30, 2025, a significant increase from HKD7.7 million in the same period last year, marking a rise of over 2,000%.

Factors for Growth: The substantial profit increase is attributed to fair value gains on financial assets, investments in associates, and notable growth in the family offices business.

Market Data: The short selling amount was reported at $716.98K with a ratio of 0.204%, and stock quotes are delayed by at least 15 minutes.