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RTHK
4 days ago
- Business
- RTHK
HK stocks slide as US tech retreat spreads
HK stocks slide as US tech retreat spreads The Hang Seng Index ended down 269.61 points, or 1.12 percent, at 23,710.69. File photo: RTHK China stocks ended slightly higher on Wednesday as top financial regulators at the annual Lujiazui Forum delivered few fresh policy signals while Hong Kong shares fell as geopolitical tensions heightened. The benchmark Hang Seng Index ended down 269.61 points, or 1.12 percent, to close at 23,710.69. The Hang Seng China Enterprises Index slid 100.48 points, or 1.16 percent, to end at 8,594.19 while the Hang Seng Tech Index slumped 77.44 points, or 1.46 percent, to 5,214.41. Hong Kong shares of Chinese electric vehicle maker Li Auto fell nearly 5 percent to their lowest since May 9. Tech majors listed in Hong Kong dropped 1.5 percent, tracking overnight losses in their US-listed counterparts during the New York session. Mainland Chinese stocks closed higher, with the benchmark Shanghai Composite Index up 0.04 percent at 3,388.81 and the Shenzhen Component Index 0.24 percent higher at 10,175.59. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, gained 0.23 percent to close at 2,054.73. China's securities regulator announced plans on Wednesday to establish a new segment on Shanghai's tech-heavy STAR market to host pre-profit growth companies and support innovation. The watchdog also said it would support listing of companies with frontier technologies, in sectors such as artificial intelligence and aerospace. With few policy surprises from the forum, investors turned their focus to the upcoming July Politburo meeting for clearer signals on economic support. Tech shares rose as investors drew inspiration from regulators' support toward the sector. Electronics, communications and AI shares led market gains. Liquor shares rebounded for the third straight session, after tumbling to their lowest level since September 2024, hit by news that some of China's civil servants were banned from dining out in groups of more than three. Risk sentiment remained fragile on Wednesday as Iran and Israel launched fresh missile strikes at each other, extending their air war into a sixth day. (Reuters/Xinhua)
Mint
4 days ago
- Business
- Mint
China stocks up slightly as financial forum offers few surprises; HK shares down
SHANGHAI, - China stocks ended slightly higher on Wednesday as top financial regulators at the annual Lujiazui Forum delivered few fresh policy signals. Hong Kong shares fell as geopolitical tensions heightened. ** China's blue-chip CSI300 Index edged up 0.1%, while the Shanghai Composite Index was roughly flat. ** Hong Kong's benchmark index Hang Seng dropped 1.1%. ** China's securities regulator announced plans on Wednesday to establish a new segment on Shanghai's tech-heavy STAR market to host pre-profit growth companies and support innovation. ** The watchdog also said it would support listing of companies with frontier technologies, in sectors such as artificial intelligence and aerospace. ** With few policy surprises from the forum, investors turned their focus to the upcoming July Politburo meeting for clearer signals on economic support. ** Tech shares rose as investors drew inspiration from regulators' support toward the sector. ** Electronics, communications and AI shares led market gains. ** liquor shares rebounded for the third straight session, after tumbling to their lowest level since September 2024, hit by news that some of China's civil servants were banned from dining out in groups of more than three. ** Risk sentiment remained fragile on Wednesday as Iran and Israel launched fresh missile strikes at each other, extending their air war into a sixth day. ** Hong Kong shares of Chinese electric vehicle maker Li Auto fell nearly 5% to their lowest since May 9. ** Tech majors listed in Hong Kong dropped 1.5%, tracking overnight losses in their U.S.-listed counterparts during the New York session. This article was generated from an automated news agency feed without modifications to text.
Business Recorder
4 days ago
- Business
- Business Recorder
China, HK stocks down as annual financial forum offers few surprises
SHANGHAI: China stocks dipped slightly on Wednesday as speeches by top financial regulators at the opening of the annual Lujiazui Forum delivered few fresh policy signals. Hong Kong shares also fell. China, HK stocks close up as investors digest mixed macro data China's blue-chip CSI300 Index edged down 0.1% by the lunch break, while the Shanghai Composite Index lost 0.2%. Hong Kong's benchmark index Hang Seng was down 1.2%. China will advance the development of science and technology bonds to support innovation, Wu Qing, chairman of China's Securities Regulatory Commission, told the Lujiazui Forum in Shanghai on Wednesday. Meanwhile, the country's foreign exchange regulator vowed to keep the yuan exchange rate basically stable and fend off external shocks and risks. With few policy surprises from the forum, investors turned their focus to the upcoming July Politburo meeting for clearer signals on economic support. One of the few bright spots onshore were liquor shares , which rebounded for the third straight session, after tumbling to their lowest level since September 2024 after some of China's civil servants were banned from dining out in groups of more than three. Risk sentiment remained fragile on Wednesday as Iran and Israel launched fresh missile strikes at each other, extending their air war into a sixth day. Hong Kong shares of Chinese electric vehicle (EV) maker Li Auto fell nearly 4% to their lowest since May 9.
South China Morning Post
4 days ago
- Business
- South China Morning Post
Hong Kong stocks fall on Middle East fears while investors hope for stimulus clues
Hong Kong stocks fell for the second straight day on Wednesday as Middle East geopolitical tensions weighed on markets, stoking fear of supply disruptions. The Hang Seng Index declined 0.8 per cent to 23,776.80 as of 9.50am, adding to the 0.3 per cent loss recorded on Tuesday. The Hang Seng Tech Index retreated 1.3 per cent. On the mainland, the Shanghai Composite Index was little changed, and the CSI 300 Index slid 0.1 per cent. Electric-vehicle maker Li Auto plunged 2.9 per cent to HK$105.40, while machine tool maker Techtronic Industries lost 0.8 per cent to HK$87.90. Short-video sharing platform Kuaishou Technology retreated 2 per cent to HK$58.20, and travel booking agency slipped 0.9 per cent to HK$475.60. Trimming the losses, Chow Tai Fook Jewellery Group added 2.2 per cent to HK$13, and hotpot chain Haidilao International Holding gained 2.7 per cent to HK$15.32. The decline followed overnight losses in the US, where the S&P 500 fell 0.8 per cent and the Dow Jones lost 0.7 per cent, after Middle East hostilities dampened risk appetite.
Yahoo
12-06-2025
- Automotive
- Yahoo
Global and China SDV, OEM Software Development and Supply Chain Deployment Strategy Research Report 2025: Toolchain Framework from 13 Subsystems and 48 Dimensions
Discover insights into OEM software for software-defined vehicles from 48 dimensions. Explore comprehensive layers, development strategies, and toolchain frameworks, featuring Li Auto's AI-driven autonomous driving system and Xiaomi's real-time data integration. Learn about Geely's AI Cloud Power for energy and motion control, and Xpeng's AI Chassis Active Perception enhancing driving comfort. Dublin, June 12, 2025 (GLOBE NEWSWIRE) -- The "Software-Defined Vehicles in 2025: OEM Software Development and Supply Chain Deployment Strategy Research Report" report has been added to Research: OEM software development and supply chain deployment strategies from 48 dimensions The overall framework of software-defined vehicles: (1) Application software layer: cockpit software, intelligent driving software, vehicle control software, and AI empowerment, etc.; (2) Functional software layer: cloud services, security services, etc.; (3) System software layer: vehicle OS, middleware and SOA, etc.; (4) R&D tools: process and systematization tools, data closed loop, development toolchains, this report, we specifically expound the OEM vehicle software development and toolchain framework from 13 subsystems and 48 dimensions in order to analyze the R&D focus, development strategies and supply models of OEMsAutonomous driving software algorithm: Compare automotive VLMs and VLA models with cloud world models, and fully mobilize supply chain resources to assist developmentFor example, Li Auto uses multimodal foundation models and generative AI technology to enable autonomous driving. The key technical architecture includes: an end-to-end intelligent driving model, VLM, VLA, cloud-based reconstruction and an generative world Auto fully integrates academic and supply chain resources to accelerate the development of its autonomous driving system: Li Auto has proposed an advanced hybrid BEV algorithm framework with Tsinghua University and MIT, and cooperated with Tsinghua MARS Lab to develop the DriveVLM model; The next-generation architecture MindVLA released in 2025 and the GaussianAD from the University of California, Berkeley optimize scenario modeling and trajectory prediction; Li Auto cooperates with GigaStudio to explore the construction of 4D world models, introduce the DriveDreamer4D framework, and use world models to enhance the reconstruction effect of 4D driving scenarios; Keleyuan operates Li Auto's 4D BEV data collection project and is responsible for the annotation, analysis and processing of automotive sensor (such as LiDAR) data to generate high-precision road information data. Its services cover road data collection in multiple cities across the country, supporting the optimization of dynamic perception and prediction capabilities of Li Auto's intelligent driving platform; Singstor provides a massive data collection and storage solution for autonomous driving with the core being customized automotive high-performance optical fiber high-speed storage devices, supporting real-time data recording and synchronization across regions; 4D automatic annotation system: Li Auto has built a full-process system covering dynamic obstacle detection and tracking, laser/visual SLAM reconstruction, static element annotation and OCC (common obstacle) annotation. The physical world model framework built by Xiaomi Automobile consists of a data observation layer (Ot), an implicit feature layer (Zt), and a display symbol layer (St):The data observation layer (Ot) is the input layer of the neural network. The sensor input includes images, LiDAR point cloud, and navigation information required by the implicit feature layer (Zt), the information of the input layer in the previous step is expressed as a private feature through the BEV coding network. Through different decoders, dynamic elements, static elements, and the future trajectory of the vehicle can be obtained the display symbol layer (St), in order to facilitate human understanding and connect with manual rule codes, the model will decode the displayed symbolic expressions, such as static lane lines, zebra crossings, etc., dynamic pedestrians, vehicles, etc., which are also the expression forms of manual or automatic value-added annotation in supervised architecture breaks through the fragmentation of traditional modular systems and integrates perception, planning, and control into a single end-to-end model, significantly improving system the model architecture is set up, it is necessary to open up data-driven channels so that the model can automatically output the real required conclusions driven by data to form a data-driven flywheel. The technical iteration of Xiaomi SU7 leverages the closed loop of "production vehicle data - simulation training - OTA updates" to deliver vehicles running on roads and quickly accumulate a complete database of Chinese road terms of toolchains, Xiaomi has conducted in-depth cooperation with NVIDIA to optimize cloud training and automotive inference:Cloud: By reconstructing the inference pipeline based on Triton, the efficiency of automatic annotation is improved by 100%; by optimizing the training process through DALI and CV-CUDA, the GPU utilization rate is increased by 30%.Vehicle: The Thor platform accelerates model reasoning, doubling performance compared to the initial version; it offloads tasks such as image processing and point cloud compression to heterogeneous computing units (VIC, ISP) to alleviate pressure on the main computing control software algorithm: Make full use of AI empowermentThe empowerment of AI technology in the development of automotive motion control software is mainly reflected in algorithm optimization, development process innovation, and improvement of system integration capabilities, spurring the industry towards a more intelligent, efficient and safe Xingrui AI Cloud PowerGeely has developed the Xingrui AI Cloud Power. The Xingrui AI Cloud Power 1.0 mainly realizes AI empowerment in smart energy management, smart motion control, and smart cloud smart motion control: Based on the real-time perception of the drive motor, vehicle posture, camera vision, weather and other information, AI intelligent recognition of driving style, road terrain, and environmental conditions is achieved, and the drive system is dynamically adjusted to perform precise real-time control "according to local conditions", reducing slippage by 50% and improving tracking stability by 15%;AI smart energy management: Integrating the Xingrui AI cloud power model, AI realizes intelligent decision-making for global optimization, evolving the previous rule control into one that can perceive external temperature, humidity, altitude, slope and other road conditions in real time through AI, and can intelligently adjust the energy management strategy at any time, thereby reducing the fuel consumption of electric hybrid sedans to 2L and electric hybrid SUVs to smart cloud diagnosis: Based on digital twin technology, power systems, "electric drive, battery and electric control" components and thermal management systems are fully monitored, and automatic repair and proactive maintenance are plans to further launch Xingrui AI Cloud Power 2.0 in 2025, which extends battery life by 15% and reduce energy consumption by 5% through model compression AI Chassis Active Perception Xpeng has added AI chassis active perception and automatic chassis adjustment to its two flagship models - X9 and G9:The vehicle's sensors preview the road surface and the chassis suspension is adjusted accordingly. The standard intelligent dual-chamber air suspension of Xpeng X9 includes intelligent dual-chamber air springs and intelligent variable damping shock absorbers. It can efficiently filter road vibrations, effectively isolate minor bumps, and offer a gentle and smooth driving experience, taking into account both comfort and utilizes automotive sensors and cloud AI technology. When it determines that the vehicle passed a bumpy point, it immediately uploads relevant information to the cloud. A new bumpy layer is formed on the cloud, allowing the vehicle to detect bumps and potholes ahead earlier, giving the driver more time to operate. At the same time, the stiffness of the suspension will be adjusted before the bump to improve Topics Covered: 1 Software Development and Supply Chain Deployment Strategies of Emerging OEMs in China Xpeng Motors NIO Li Auto Xiaomi Automobile ZEEKR Leapmotor IM Voyah ARCFOX Avatr 2 Software Development and Supply Chain Deployment Strategies of Independent Brand OEMs in China BYD Changan Automobile Geely GAC Motor FAW Hongqi Chery Great Wall Motor 3 Software Development and Supply Chain Deployment Strategies of Foreign OEMs Volkswagen Audi Mercedes-Benz BMW Ford SAIC-GM Volvo Tesla Dongfeng Nissan Toyota Motor Honda Motor 4 OEM Software Development Strategies and Application Trends OEM Vehicle Control Software: Development Strategies and Application Trends OEM Vehicle Control Software Solution Development Strategies and Supply Chain OEM Vehicle Control Software Application Trends OEM Cockpit Software: Development Strategies and Application Trends OEM Cockpit Software Application Trends OEM Autonomous Driving Software: Development Strategies and Application Trends OEM Autonomous Driving Software Application Trends OEM AI Software Empowerment: Development Strategies and Application Trends OEM AI Software Solution Development Strategies and Supply Chain - OEM AI Software Application Trends OEM Functional Software: Development Strategies and Application Trends OEM Functional Software Application Trends OEM Software Toolchain: Development Strategies and Application Trends OEM Software Toolchain Application Trends For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
