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According to Bitget market data, Hong Kong stocks in artificial intelligence fluctuated lower, with Shenghong Technology (02476.HK) down 8.63%, Zhipu (02513.HK) down 7.09%, MINIMAX-W (00100.HK) down 4.76%, and Changfei Optical Fiber Cable (06869.HK) down 3.56%.

According to "Du Jia," Xiaohongshu is currently testing an independent app called "Dada," positioned as an AI partner community platform. Users can create and share domain agents (referred to as "partners") through a low-code approach. Currently, dozens of partners have been launched in areas such as design aesthetics and job hunting, supporting text and image conversations.Unlike products that focus on autonomous cross-application task execution, Dada downplays the AI's autonomous action capabilities and instead enhances the transmission of experience between people: AI serves as a container, with the underlying professional logic encapsulated by the creator. Users can transform their personal methodologies into reusable, deliverable AI personas. The product also opens up group chat capabilities, allowing users to pull partners into conversations as group members, participate in multi-person discussions, and supports one-click sharing of invitation links to WeChat. After binding their Xiaohongshu account, partners can read public profile information to provide answers that better align with personal preferences. The product is still in the testing phase, and its specific form will be subject to official announcements.

According to the Hong Kong Securities and Futures Commission, it co-hosted a seminar with the Hong Kong Monetary Authority on November 11, attended by over 200 industry professionals. The seminar topics included the opportunities brought by tokenization for secondary market trading and corporate treasury management, financial infrastructure optimization measures supporting payment and liquidity management, the role of virtual asset trading platforms in facilitating tokenized fund trading and providing liquidity, as well as cases promoting the broader application of tokenized currencies and tokenized investment products.The Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Wu Jiali, stated that the development of tokenization in Hong Kong is moving from the experimental stage to commercial application, with the next phase focusing on integrating tokenized investment products, digital currencies, and financial infrastructure to drive practical applications. The Assistant Chief Executive (Financial Infrastructure) of the Hong Kong Monetary Authority, Zhou Wenzheng, stated that the Monetary Authority will continue to work closely with the Securities and Futures Commission to promote responsible innovation in the field of tokenization.

On November 12, Baidu founder Robin Li stated at the opening ceremony of Baidu World 2026 that the decade from 2016 to 2026 is the decade when artificial intelligence technology forms an independent technology stack, and the "Chip Cloud Model" four-layer architecture gradually takes shape during this period. He predicts that the next chapter of artificial intelligence is intelligent organizations, which differ from the current hierarchical system of AI-native organizational structures. "If artificial intelligence is the new electric power, then intelligent organizations are the new factories of the AI era, where true productivity occurs."Robin Li proposed the "Three Principles of Organizational Evolution": breaking down job boundaries to unleash organizational vitality; accumulating tacit knowledge to build organizational intelligence; designing closed-loop processes to promote organizational evolution. He believes that future jobs will not disappear but will converge, roughly divided into two categories: Builders responsible for creating new things, and Sellers responsible for interpersonal communication and trust-building.According to his disclosure, in the past year, the average daily active intelligent agents within Baidu grew from 5,000 to 37,000, with the number of effective tasks completed by intelligent agents per week increasing from 84,000 to over 1 million, and 4,300 Workspaces have been established, accumulating over 20,000 organizational Skills.

According to Hong Kong media Ming Pao, the Hong Kong police dismantled a cross-border criminal group that used virtual currency over-the-counter (OTC) channels for money laundering, arresting 22 people, including 21 men and 1 woman, aged between 21 and 54.The police investigation revealed that the group had been active since August this year, recruiting mainland individuals to come to Hong Kong to open puppet bank accounts, withdraw cash from criminal proceeds, and then transfer the funds to virtual currency OTC shops operated by the group. They laundered the money through buying and selling virtual currencies, with the police estimating that the group laundered over 150 million Hong Kong dollars from August to October this year alone.It is reported that the group had clear divisions of labor, first arranging for mainland individuals holding two-way permits to come to Hong Kong to open online bank accounts for receiving criminal proceeds. They then recruited cash withdrawal personnel who used bank cards distributed by the group to withdraw cash from ATMs at different locations and banks, which was then collected and transported by runners to the OTC shops to complete the money laundering.

Kraken's parent company Payward's tokenized stock framework xStocks announced the launch of the first batch of stock tokens for UK and EU listed companies, covering over 200 actively traded listed companies in the UK and EU, with more stocks to be rolled out in the future. xStocks stated that hundreds of Hong Kong stock tokens will be launched in the coming weeks, followed by expansion to more international markets.This expansion is driven by the collaboration between Payward Services and the fintech company GTN, with GTN responsible for the global execution and custody of the underlying traditional assets. The new tokens are backed 1:1 by the underlying stocks and can be traded on Kraken and the xStocks Alliance collaborative platform after launch, and have already integrated with the DeFi ecosystems of chains such as Solana, Ethereum, TON, Ink, and X Layer.Previously, Payward reached a tokenization cooperation with the London Stock Exchange. Subject to regulatory approval, the London Stock Exchange plans to launch xStocks in 2027 and trade on LSE 24. Currently, xStocks is still not open to UK investors.

Brian Hong announced that he has joined the social trading application fomo, responsible for the Asia-Pacific region. Brian Hong previously publicly identified as the head of growth for consumer blockchain Abstract in the Asia-Pacific region. He stated that many high-quality trading ideas around the world have never left the language in which they were originally written; traders in Seoul and New York can focus on the same asset for months but do not have access to each other's work. Both parties see the same prices, but the ideas behind the trades remain trapped in circles separated by language, local communities, and existing information flows.He wrote that for nearly a decade, he has been connecting products, services, and information between the East and West. Products are now easier to cross borders, but ideas are not; he feels this most acutely in the market, where some ideas with significant upside potential remain confined to a single language and community. He stated that fomo is the first product that makes him feel this situation can change, as it does not require consideration of chains or cross-chain bridges; it faces a single market where information flow shows what people are actually buying. A trade does not need translation; ideas from Seoul can reach New York on their own, with attribution remaining with the originator.Brian Hong expressed that this feeling has not faded, and he agrees with fomo's direction and development team, and will help grow a product he already uses daily. He referred to the Asia-Pacific as the most important region for this matter, but the Asia-Pacific is not a single location; the languages, cultures, and platforms differ. Most of what happens here exists in communities that are not visible to the outside world. Introducing users is only part of the work; a larger part is putting ideas that the world has yet to see onto the same map. He has opened private messages to traders, large players, creators, and chain builders in the region.

Alibaba Group (09988.HK) announced on the Hong Kong Stock Exchange that the Hong Kong Stock Exchange has confirmed that the company can proceed with the proposed spin-off. Therefore, on September 11, 2026, Pingtouge submitted a listing application form (Form A1) to the Hong Kong Stock Exchange in a confidential manner, seeking approval for the listing and trading of Pingtouge's H shares on the main board of the Hong Kong Stock Exchange.The proposed spin-off is intended to be conducted through a global offering of H shares, including a public offering in Hong Kong and a placement to institutional and professional investors. After the proposed spin-off is completed, it is expected that Pingtouge will continue to be a subsidiary of the company. The proposed spin-off is subject to the approval of the Listing Committee of the Hong Kong Stock Exchange, the completion of the filing with the China Securities Regulatory Commission, and the final decision made by the company and Pingtouge.Therefore, shareholders and potential investors of the company are advised to act cautiously when buying or investing in the company's securities.

According to a report by Sina Technology citing foreign media, Alibaba's semiconductor subsidiary Tmall Genie plans to go public in Hong Kong in 2027, aiming to raise at least 2 to 3 billion USD (approximately 15.6 to 23.4 billion HKD). As of the time of publication, Alibaba has not responded officially.Tmall Genie was established in 2018, formed by the integration of Zhongtian Micro Systems acquired by Alibaba and the chip team from DAMO Academy. Its product line includes Xuantie processors, Yitian server chips, Hanguang AI chips, and PPU chips, among others. Alibaba CEO Wu Yongming previously disclosed in a financial report conference call that Tmall Genie has achieved commercialization, with chip shipments exceeding 470,000 units and annual revenue surpassing the 10 billion level.

According to Macao Broadcasting and Television, a man from Macao and a man from the mainland previously invested in cryptocurrency and suffered losses. The two parties then agreed to trade 640,000 USDT for 5 million Hong Kong dollars. On November 6, after the buyer deposited 5 million Hong Kong dollars into the other party's account at a casino in Macao's Cotai, he only received 40,000 USDT.The seller immediately left the scene under the pretext of smoking, and the remaining 600,000 USDT was never credited, involving about 4.68 million Hong Kong dollars. The Macao Judiciary Police's investigation found that the suspect did not have enough USDT to complete the transaction and immediately exchanged the received funds for casino chips, suspected of intentional fraud.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "Prudential Hong Kong Tennis Open: Maria Sakkari vs Alexandra Eala," the option "Maria Sakkari" in the sub-market "Prudential Hong Kong Tennis Open: Maria Sakkari vs Alexandra Eala" has experienced a significant fluctuation in winning probability, soaring from 24.5% an hour ago to the current 46.5% (a fluctuation of 22%). Please note the impact of related breaking news.

On November 6, the Hong Kong Securities and Futures Commission released a consultation summary, proposing to further restrict unregulated entities from using names that may mislead the public into believing they are regulated, and plans to extend these restrictions to the virtual asset sector.According to the proposed amendments, Hong Kong will introduce similar restrictions under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, focusing on virtual asset trading platforms, as well as virtual assets that are unrelated to securities or futures contracts but can be traded or settled through virtual asset trading platforms. Unauthorized entities will be subject to restrictions on the use of relevant titles to prevent the public from mistakenly viewing them as regulated entities. The related proposals have received broad support from the market.The Securities and Futures Commission stated that it will further finalize the draft amendments to the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance, and submit them to the Legislative Council for review and approval.

According to the South China Morning Post, the Nasdaq-listed Solana Company plans to expand its business presence in Hong Kong, increasing its local team from currently fewer than 10 people to up to 30, and establishing Hong Kong as its new headquarters for the Asia-Pacific region.The company's Chairman and CEO Joseph Chee stated that the tokenization business of large financial institutions in Hong Kong is still in its early stages, whereas the U.S. market is developing more rapidly. The company expects to evaluate the progress of the Hong Kong market in about six months, and if there are still no large tokenization service providers at that time, it will consider forming its own team to provide relevant services to local banks.Last month, Solana Company was listed by the Hong Kong SAR government as a key enterprise for introduction, with its business positioning covering digital asset infrastructure and services.

The Deputy Secretary for Financial Services and the Treasury, Chen Haolian, stated at the Legislative Council's Financial Affairs Committee meeting that Hong Kong will further optimize the preferential tax system for funds, single family offices, and associated rights, including expanding the scope of the tax exemption system to cover large-scale single investor funds and include more eligible investments, such as loans and private debt investments, digital assets, precious metals, and more.Once the relevant amendment bill is passed, the measures can be implemented starting from the 2025/26 tax year. Chen Haolian also mentioned that Hong Kong's central clearing and settlement system for gold will officially be launched in the first quarter of next year, providing efficient and reliable clearing services for internationally standardized over-the-counter gold trading.

According to Jinshi Data, Hong Kong tech stocks weakened in the afternoon, with Alibaba (09988.HK) falling nearly 5%, Xiaomi Group (01810.HK) and Tencent Holdings (00700.HK) dropping over 3%, and Kuaishou (01024.HK) and JD.com (09618.HK) also following the decline.

Hong Kong Exchanges and Clearing Limited (HKEX) released its quarterly performance report for the nine months ending September 30, 2026, which disclosed that the variety of exchange-traded products continues to expand. During the quarter, 25 new products were launched, setting a new seasonal high, including the introduction of the first multi-asset actively managed ETF that invests in both gold futures and physical Bitcoin.However, HKEX's overall performance unexpectedly declined, ending the trend of several consecutive quarters of record highs driven by the wave of technology and AI company listings. Net profit fell by 1% year-on-year to HKD 4.9 billion, below analysts' average expectation of HKD 5.03 billion; core business revenue remained basically flat at HKD 7.47 billion. HKEX's CEO, Charles Li, stated that in the face of rising macroeconomic uncertainty and ongoing market volatility, the company will continue to firmly promote the construction of a deeper and more diversified multi-asset ecosystem.

According to Jinshi Data, optical module manufacturer Zhongji Xuchuang announced at noon that the industry demand remains strong, with major customer orders basically covering the entire year of 2027, and some key customers have provided clear demand guidance for 2028.The company expects that the demand for 800G and 1.6T orders will continue to grow rapidly, and the demand for next-generation optical interconnect products such as NPO and XPO will gradually be released in the second half of next year, applicable to scenarios such as scale-out and scale-up. The company is actively preparing materials and production capacity to better prepare for increased volume in 2027.

According to Gate market data, on November 5 local time, all three major U.S. stock indexes closed lower, and the AI hardware sector continued to decline. Zhongji Xuchuang responded that the company's operations are normal, and the order and delivery pace from overseas customers remain unchanged. Xinyi Sheng also stated that production and operations are normal, and there have been no changes in supply conditions.