Three government bodies have guided platform companies to implement the "Internet Platform Price Behavior Rules." On April 8, the State Administration for Market Regulation, the National Development and Reform Commission, and the Cyberspace Administration of China jointly held a guidance meeting on price compliance for internet platforms. The meeting instructed platform enterprises to fulfill the requirements of the new rules, reinforce primary responsibilities, and standardize price competition practices. The rules officially take effect on April 10. The session highlighted pricing compliance issues observed at some platforms, demanding immediate rectification and comprehensive improvements, including establishing sound price compliance mechanisms, voluntarily maintaining market order, and effectively preventing pricing violations. This involves Hong Kong-listed internet platform companies.
WTI crude oil futures settled at $97.98 per barrel, marking a 3.78% increase. Overnight, U.S. stocks closed higher: the Dow Jones Industrial Average rose 275.88 points to 48,185.8, a 0.58% gain; the S&P 500 increased by 41.85 points to 6,824.66, up 0.62%; and the Nasdaq Composite climbed 187.42 points to 22,822.42, rising 0.83%. Major tech stocks broadly advanced, with Amazon surging over 5%. Most memory chip stocks gained, with SanDisk rising over 9% to a fresh record high. Popular U.S.-listed Chinese stocks mostly declined, as the Nasdaq Golden Dragon China Index fell 1.32%. Hong Kong's Hang Seng Index ADRs increased proportionally, closing at 25,962.88 points, up 210.48 points or 0.82% from the Hong Kong market close. NYMEX WTI crude futures for the front month rose $3.57 to settle at $97.98 per barrel, up 3.78%. COMEX gold futures for the front month increased by $13.30, or 0.28%, to $4,790.5 per ounce.
The General Office of the State Council issued "Several Measures on Accelerating the Construction of a Tiered Medical Care System" on April 9. The document proposes 13 specific measures, including strengthening medical resource sharing within tightly-knit medical alliances, improving primary care for common illnesses and chronic disease management, enhancing the quality and efficiency of family doctor contract services, and smoothing patient referral channels after initial consultations. These aim to meet public demand for convenient, accessible healthcare and promote efficient allocation of medical resources.
The Ministry of Finance and the Ministry of Transport announced support for a new round of national comprehensive freight hub enhancement actions. Starting in 2026, approximately 30 cities will be supported over three years to implement upgrades, focusing on the "6 vertical axes, 7 horizontal corridors, and 8 channels" framework of the national comprehensive transport network. The plan emphasizes rail as the backbone and highways as the foundation, leveraging the comparative advantages of waterway and air transport to accelerate the development of an integrated national transport hub system comprising hub clusters, hub cities, and hub ports. The policy explicitly calls for strengthening functional areas like intermodal transfer zones, loading/unloading areas, storage yards, and warehouses, and promoting specialized, intelligent, and green handling equipment. This is directly beneficial to Hong Kong-listed sectors such as engineering construction, building materials, heavy machinery, and equipment.
New progress has been made in the license renewal process for four lithium mines in Yichun. The Jiangxi Provincial Department of Natural Resources website shows that four lithium mines have published assessment reports for mining right transfer earnings. Previously, eight mines in Yichun produced lithium under mining licenses primarily for "ceramic clay." As environmental requirements tighten and lithium production becomes more regulated, these mines are successively undergoing license renewal. Market observers expect the four mines with published assessment reports may enter a production halt for license renewal in May, potentially further tightening lithium supply.
Youzan received principled approval from the Hong Kong Exchange for a transfer to the main board. Youzan announced it applied on October 28, 2025, under Chapter 9B of the Main Board Listing Rules for approval to list and trade shares on the main board via transfer. The Exchange granted principled approval on April 8, 2026. The last trading day on the GEM will be April 16, 2026, with trading expected to commence on the main board under stock code 6051 on April 17, 2026.
CITIC SEC released preliminary first-quarter results, reporting a net profit attributable to shareholders of 10.216 billion yuan, up 54.6% year-on-year. The group achieved revenue of 23.155 billion yuan, an increase of 40.91%, with basic earnings per share of 0.67 yuan.
Jilin Li Magnetic stated that the company's magnetic material capacity is expected to reach 60,000 tons annually by the end of 2027. The company has developed and built an automated production line for humanoid robot rotors based on downstream client demand. Mass production and profit contributions will gradually materialize as clients ramp up production. The Baotou Phase III project, announced in January 2025, for an annual output of 20,000 tons of high-performance rare earth permanent magnet materials, commenced construction within the year. Part of the project has passed acceptance, and capacity will be released in batches.
China Power announced that its subsidiary, Ling'an New Energy, signed an engineering procurement and construction contract with the State Nuclear Power Engineering Company on April 9, 2026. The contractor will provide services to build a wind farm, a booster station, and related transmission lines for the Shidong Wind Power Project, with a contract value of 249.9 million yuan.
Smoore International reported first-quarter revenue of 3.856 billion yuan, a 41.7% year-on-year increase. Pre-tax profit was 364 million yuan, up 42.8%, while adjusted net profit was 347 million yuan, rising 10.7%.
China Biopharmaceuticals announced that its subsidiary, Chia Tai Tianqing, received approval from the Guangdong Medical Products Administration for the innovative drug Naldemedine to launch in the Greater Bay Area. Naldemedine is used to treat opioid-induced constipation and is the world's first oral selective peripheral mu-opioid receptor antagonist.
Sihuan Pharmaceutical announced that its subsidiary, Xuanzhu Biopharma, entered into a licensing and supply agreement with Boston Oncology for Pyrotinib and Deroxac. Pyrotinib is a CDK2/4/6 inhibitor for HR+/HER2- advanced breast cancer, while Deroxac is a next-generation ALK inhibitor for ALK-positive advanced non-small cell lung cancer. Xuanzhu grants Boston Oncology exclusive rights to develop, register, and commercialize the drugs in 21 countries in the Middle East and North Africa. Xuanzhu will receive an upfront payment, potential milestone payments exceeding $100 million, and royalties on sales.
Fast Retailing announced interim results for the six months ended February 28, 2026. Revenue was 2,055.227 billion yen, up 14.8% year-on-year. Profit attributable to owners of the parent company was 279.29 billion yen, an increase of 19.6%, with basic earnings per share of 910.25 yen. The company will apply to resume trading of Hong Kong Depositary Receipts on April 10, 2026.
Weichai Power is transitioning its business to benefit from AI data center demand. In the second half of last year, its net profit attributable to shareholders was 5.29 billion yuan, down 3.9% year-on-year, below market expectations by 22%, mainly due to a one-time provision of approximately 400 million yuan related to Kion's product line adjustments and inventory, as well as margin pressure. Specifically, the company sold 104,000 power generation engines in 2025, up 15% year-on-year, with large-bore engine sales exceeding 10,000 units for the first time, rising 32% and generating revenue of 5.81 billion yuan, a 65% increase. Sales of data center engines surged 259% to about 1,400 units. Weichai is shifting from a traditional heavy-duty truck engine manufacturer to a power equipment leader benefiting from AI data center demand. In January 2026, Shandong Heavy Industry Group launched its seventh business segment—Power Energy—focusing on data center generator sets and SOFC, deeply covering key scenarios like data centers, oil fields, mines, and power grids to provide integrated power solutions. As the core entity of this segment, Weichai has established a comprehensive power energy business system.
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