Hong Kong stock market closed higher on Wednesday. The Hang Seng Index rose 2.64%, the Hang Seng China Enterprises Index rose 2.75%, the Hang Seng Technology Index rose 2.70%, and the Hang Seng China-Affiliated Corporations Index rose 2.38%.

In terms of sectors, the property management sector saw significant gains, with A-LIVING rising 5.11%, JINKE SERVICES rising 4.92%, and CG SERVICES rising 5.98%. The real estate sector also performed well, with CHINA VANKE rising 16.73%, LONGFOR GROUP rising 8.02%, and COUNTRY GARDEN rising 8.75%. The semiconductor sector saw strong performance, with SMIC rising 5.85%, HUA HONG SEMI rising 6.94%, and SHANGHAI FUDAN rising 11.56%.

TENCENT rose 3.93% as Guangdong Province Governor Wang Weizhong visited Shenzhen to investigate the development of the innovation industry and had in-depth exchanges with Tencent founder Ma Huateng. The visit included an inspection of Leju Robotics' technological innovations in the humanoid robot field.

BABA-W surged 8.48% following the announcement of a collaboration with Apple to develop AI features for the Chinese market. This partnership aims to provide more attractive software features to address declining sales in China. Alibaba's stock has risen over 40% in the past month, reaching a four-month high in market value.

XIAOMI-W rose 3.64% as third-party research data showed that Xiaomi's smartphone activation volume in January 2025 grew by 42.5% year-on-year, the fastest growth among major manufacturers. Xiaomi ranked second in the Chinese smartphone market, following Huawei.

BYD COMPANY rose 7.38% after announcing the launch of its "Eye of the Gods" intelligent driving system, which will be equipped on all its models. This move has raised concerns about competition in the intelligent driving field, particularly with Tesla, whose stock has been under pressure.

MEITUAN-W fell 4.08% after JD.com announced its entry into the food delivery market with a "zero commission" policy for restaurant merchants, leading to a decline in Meituan's stock price.

SMIC rose 5.85% as the semiconductor sector continued to rally. The Semiconductor Industry Association (SIA) reported that global semiconductor sales reached $627.6 billion in 2024, a 19.1% increase from 2023, marking the first time sales surpassed $600 billion. SIA expects double-digit percentage growth in global semiconductor sales this year.

BEKE-W surged 10.18% following positive real estate-related rumors and a recommendation rating from Nomura.

ALI HEALTH rose 10.83% as the company announced a collaboration with Apple to develop AI features for the Chinese market, boosting investor confidence.

MAOYAN ENT rose 12.42% as the stock benefited from increased movie ticket sales and positive word-of-mouth.

SHIMAO GROUP rose 15.73% as the real estate sector saw strong performance, with multiple stocks experiencing significant gains.

SUNAC surged 20.83% as the real estate sector continued to rally, driven by positive market sentiment and rumors of favorable news for Vanke.