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<Midday Takeaway>Top 5 Gainers among ETFs; XI2CSOPTSLA-U Surges 4.2% Topping Chart
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CADA Expects 2026 National Subsidies to Benefit More Consumers
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<Midday Takeaway>HSI Closes Midday at 25,630, Down 224 pts; HSTI Closes Midday at 5,515, Down 62 pts; INNOVENT BIO Down over 3%; JIANGXI COPPER Hit New Highs
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<Research>Citi: CIMC ENRIC Developing Commercial Aviation Biz Rapidly
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XIAOMI-W Lei Jun: Scheduled New Year's Eve Livestream Postponed to 3 Jan
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<Research>JPM: CN Property Sale Tax Cut Has Limited Effect, Fails to Improve Mkt Forecasts on Home Prices
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《HIBOR》Overnight HIBOR Up to 4.38%, Logging 3-month High
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<Research>CGS Initiates Coverage on KINGSOFT w/ Recommend Rating
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<Research>Citi: UBTECH ROBOTICS Unlikely to Turn Around Next Yr on Acquisition of FENGLONG Shrs
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<Research>CLSA Forecasts Plenty of Catalysts for HK Conglomerates Next Yr; Top Picks CTF SERVICES/ CKH HOLDINGS
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<Research>CLSA Projects MO 2026 GGR to Grow 5% to US$32.3B, Continues to Favor Galaxy, MGM
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TSMC 2nm Process to Begin Mass Production in 4Q as Scheduled
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<Research>Citi Expects Trade-in Policy to Be Positive for CN E-commerce Platforms, Offsetting High Base Impact in 1H26
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<Research>Citi Keeps CAOCAO INC's TP at HKD70; Acquisition Expected to Bring Synergies
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<Research>CLSA Upbeat About J&T EXPRESS-W's Overseas Expansion After Stake Increase in Overseas Operating Entities
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<Research>Galaxy Securities: CN Lifts 2026 National Subsidy Threshold for Cars; Subsidies for NEVs Priced Below RMB187.5K Under Trade-In Program Drop
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<Research>Jefferies: MGM CHINA Licensing Fee Hike May Lead to 10% Drop in 2026 NP w/ Potential for Div. Policy Review
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<Research>Galaxy Securities Initiates Coverage on MMG w/ Rating Recommend as Copper Mine Capacity Keeps Rising
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<IPO>OMNIVISION Ignites HK IPO; Entry Fee ~$10,586
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<Research>M Stanley: CN New Car Subsidy Policy Tweak Favors High-End Car Sales; Li Auto, Nio, Zhongsheng Preferred
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