On December 27, 2024, the Hong Kong stock market closed mixed. The Hang Seng Index (HSI) fell by 0.04%, the Hang Seng China Enterprises Index (HSCEI) rose by 0.02%, the Hang Seng Tech Index (HSTECH) rose by 0.69%, and the Hang Seng China-Affiliated Corporations Index (HSCCI) rose by 0.07%.

In terms of sectors, the tobacco sector saw significant gains, with SMOORE INTL rising 11.49%. The semiconductor sector also performed well, with SMIC rising 5.15%, HUA HONG SEMI rising 5.44%, and SOLOMON SYSTECH rising 3.16%. On the other hand, the internet medical sector experienced a decline, with JD-SW falling 3.55%.

TENCENT fell by 0.62%. Tencent and Mindray Medical jointly released the world's first critical care medical model "Qiyuan Critical Care Model," marking a significant breakthrough in AI technology in the medical field. The model can integrate patient conditions within 5 seconds, predict trends, and provide suggestions, significantly improving clinical diagnosis and treatment accuracy.

XIAOMI-W rose by 4.27%. Xiaomi and Huawei have entered into a cross-industry competition in car manufacturing, with Xiaomi launching the SU7 and YU7 models. Additionally, Xiaomi is heavily investing in AI large models, building a GPU cluster, and recruiting key developers, indicating its commitment to AI hardware.

BYD COMPANY fell by 0.07%. BYD established an industrial company in Xixian New Area with a registered capital of 10 million RMB, focusing on battery manufacturing, sales, and recycling, among other services.

JD-SW fell by 3.55%. On December 27, several Chinese concept stocks declined, with XPeng falling over 4%, JD.com falling over 3%, and Baidu and Alibaba falling nearly 2%.

SMIC rose by 5.15%. The semiconductor sector in Hong Kong stocks performed strongly, with SMIC leading the gains. Analysts predict that localization will be a long-term theme in the semiconductor market, with IC sales expected to grow by 26% by 2025.

LI AUTO-W rose by 6.13%. The HSTECH index gained slightly as Kingsoft soared over 30%, and Li Auto rose 4%. Chinese stocks have been range-bound over the past two months as traders await the effective implementation of new policies.

LENOVO GROUP rose by 9.20%. Lenovo collaborated with Volcano Engine to integrate the Doubao large model into its AI desktop assistant, significantly enhancing user experience and competitiveness in the PC market.

ZTE rose by 13.18%. The technology sector in Hong Kong stocks performed strongly, with ZTE and other companies showing significant gains.