PBOC and eight other agencies issued a notice directing financial institutions to leverage tech-finance databases to build digital credit profiles for technology firms, develop specialized risk-control and investment-research models, and create financing products tailored to sub-sector needs. The notice encourages cooperation with government departments to use metrics such as transaction concentration, counterparty distribution and counterparty stability to analyze industrial-chain cash flows, m

Overnight US indices were mixed and the China Golden Dragon Index rose. After a two-day advance, Hong Kong stocks opened higher and extended gains; the Hang Seng opened +176 at 25,487, peaked +426 at 25,737 before narrowing. By midday the Hang Seng was up 1.37% and the Hang Seng Tech Index 2.2%; turnover rose to HKD 173.04 bln. New-consumption names, autos and tourism led gains; internet and online healthcare stocks outperformed; education and mainland property stocks staged a rebound. Memory, AI small-caps and PCB names extended prior declines; biotech and brain‑computer‑interface names pulled back. Notable movers: Li Auto (02015.HK) +10%, Xiaomi Group (01810.HK) +9%, MiniMax (00100.HK) +8%, Leapmotor (09863.HK) +7%, Nongfu Spring (09633.HK) +7%; Huahong Hongli (01347.HK) and SMIC (00981.HK) near -8%, Zhipu (02513.HK) -4.5%, Laopu Gold (06181.HK) -4%.

Ukraine's president Zelenskiy said he was honored to meet, that many issues were discussed and the meeting went very smoothly.