成交额前三的个股中，腾讯控股跌0.65%，成交超142亿港元；阿里巴巴跌2.02%，成交超108亿港元； 美团跌3.18%，成交超81亿港元。 （文章来源：新华财经） 新华财经香港2月13日电（记者林迎楠）13日港股主要指数低开后弱势整理，截至收盘，恒生指数下跌 1.72%至26567.12点，恒生科技指数下跌0.90%至5360.42点，国企指数下跌1.55%至9032.71点。 当日恒指低开392.38点，开报26640.16点，开盘后有所反弹便开始震荡下行，午后先降后升，最终恒指 跌465.42点，主板成交超2575亿港元。当日，港股通（南向）净流入超202亿港元。 整体来看，芯片、百货业等股多为上涨，新消费、新能源汽车、电信等股有涨有跌，黄金、有色金属、 生物医药、港口运输、科网、石油与天然气、券商、银行等股多有下跌。 个股方面，小米集团涨0.88%，友邦保险跌4.18%，紫金矿业跌7.64%，香港交易所跌2.13%，中芯国际 涨0.79%，携程集团-S跌2.10%，泡泡玛特跌1.90%，天数智芯涨14.59%，智谱涨20.65%，建设银行跌 1.49%，华润置地跌2.52%，老铺黄金跌3.97%，国 ...

Investment Rating - The report maintains an "Outperform" rating for the media sector [3] Core Insights - The media sector outperformed the market in January, with the Shenwan Media Index rising by 17.94%, surpassing the CSI 300 Index by 16.29 percentage points, ranking second among 31 sectors [4][22] - The number of game approvals remains high, with 177 domestic games and 5 imported games approved in January, reflecting a year-on-year increase of 33.8% [4][31] - The report highlights the potential for growth in the gaming market, projecting a revenue of CNY 350.79 billion in 2025, a 7.7% increase year-on-year [35] - The upcoming Spring Festival is expected to boost box office revenues, with seven films scheduled for release, including "Fast Life 3," which has generated significant interest [66][72] Summary by Sections 1. Media Sector Market Review - In January, the media sector ranked second among 31 sectors, with a TTM-PE of 49.9x, placing it in the 98.8th percentile over the past five years [22][27] 2. Gaming - The report notes a sustained high level of game approvals, with 182 game licenses issued in January 2026, marking a 33.8% year-on-year increase [31] - The gaming market is projected to generate CNY 350.79 billion in 2025, with mobile and client games expected to see revenues of CNY 257.1 billion and CNY 78.2 billion, respectively, reflecting growth rates of 7.9% and 15.0% [35][41] 3. Film and Television - January's total box office was CNY 1.964 billion, down 69.2% year-on-year, primarily due to fewer new releases [55] - The Spring Festival is anticipated to drive box office recovery, with a nine-day holiday expected to boost ticket sales [66][67] 4. AI Applications - The report emphasizes the rapid development of AI applications, particularly with the introduction of Seedance 2.0, which enhances video generation capabilities [86][100] - The competition for AI application traffic during the Spring Festival is expected to intensify, with major players launching promotional campaigns [6][86]

Group 1 - Tencent Holdings (00700), Alibaba-W (09988), and Meituan-W (03690) ranked as the top three companies in terms of trading volume on the Hong Kong Stock Connect (southbound) on February 13, 2026, with transaction amounts of 4.301 billion, 3.680 billion, and 3.169 billion respectively [1] - Tencent Holdings (00700), Alibaba-W (09988), and Meituan-W (03690) also led the trading volume on the Shenzhen-Hong Kong Stock Connect (southbound) with transaction amounts of 3.563 billion, 2.870 billion, and 1.460 billion respectively [1] Group 2 - The top ten active companies on the Hong Kong Stock Connect (southbound) included Tencent Holdings (00700) with a net buy of 1.426 billion, Alibaba-W (09988) with a net buy of 1.143 billion, and Meituan-W (03690) with a net sell of 0.368 billion [2] - On the Shenzhen-Hong Kong Stock Connect (southbound), Tencent Holdings (00700) had a net buy of 0.837 billion, Alibaba-W (09988) had a net buy of 1.156 billion, and Meituan-W (03690) had a net buy of 0.611 billion [2]

2月13日，港股消费（159735）收盘涨0.23%，成交额8111.19万元。 港股消费ETF银华（159735）成立于2021年5月25日，基金全称为银华中证港股通消费主题交易型开放 式指数证券投资基金，基金简称为港股消费。该基金管理费率每年0.50%，托管费率每年0.10%。港股 消费ETF银华（159735）业绩比较基准为经估值汇率调整的中证港股通消费主题指数收益率。 规模方面，截止2月12日，港股消费ETF银华（159735）最新份额为10.90亿份，最新规模为9.41亿元。 回顾2025年12月31日，港股消费ETF银华（159735）份额为9.20亿份，规模为7.26亿元。即该基金今年 以来份额增加18.49%，规模增加29.67%。 流动性方面，截止2月13日，港股消费ETF银华（159735）近20个交易日累计成交金额19.73亿元，日均 成交金额9866.61万元；今年以来，30个交易日，累计成交金额26.55亿元，日均成交金额8851.12万元。 港股消费ETF银华（159735）现任基金经理为李宜璇。李宜璇自2021年5月25日管理（或拟管理）该基 金，任职期内收益-12.98%。 最 ...

港股通消费ETF华夏（513230）跟踪中证港股通消费主题指数，该指数覆盖酒旅、餐饮等传统服务业龙 头，更包含潮玩、金饰等高弹性资产，以及运动服饰、白电等高股息标的。成分股近乎囊括港股消费的 各个领域，包括泡泡玛特、百胜中国、老铺黄金、安踏体育、农夫山泉、蜜雪冰城等消费龙头。 （文章来源：每日经济新闻） 消息面上，近日泡泡玛特发布公告，披露2025年全年核心销售数据，全IP全品类产品全球销量突破4亿 只，其中THEMONSTERS全品类产品全球销售超1亿只。泡泡玛特创始人王宁表示，2025年泡泡玛特全 球员工伙伴超1万人、注册会员超1亿人、LABUBU全年销量超1亿只、全品类全IP产品销量超4亿只，业 务覆盖超100个国家和地区、全球门店超700家、拥有6大供应链基地。此外，针对新春佳节，泡泡玛特 推出"马力全开"毛绒挂件盲盒，汇聚LABUBU、MOLLY等热门IP在得物销量超2万件，二手市场溢价超 150%；JELLYCAT红马公仔、乐高"骏马鸿图"积木亦凭可爱造型圈粉无数。 华西证券认为，26年情绪消费高景气度延续。Z世代消费群体，商品消费逐步过渡到商品+情绪消费并 重需求，消费者买单意愿强，情绪消费有望 ...

12 February 2026 | 5:33PM HKT Equity Research CHINA IP RETAILER AND TOY TRACKER Jan update: Pop Mart accelerated supply in China, successful new product launch in Twinkle Twinkle/Skullpanda In this note, we provide updates on China IP retailers and toy companies, including new products/IP, sales momentum, and overseas market updates. Pop Mart's online sales growth in China accelerated in Jan with more ample supply, and our Douyin plush toy sales tracker suggests Jan had the highest sales volume over the pas ...

2月12日，武昌万象城的联想专卖店里，不少顾客正在选购新款笔记本电脑。谈及今年1 月的生意，店员林先生印象最深的不是卖了多少台电脑，而是反复被问话："还有存储硬盘 吗？"回答经常是："没有。" 国家统计局武汉调查队发布的最新数据显示，今年1月，武汉数据存储设备价格同比上 涨85.3%。业内人士称，受AI产业需求增长与存储设备供应结构性调整等叠加因素影响，内 存价格普遍上涨。 近日，在武广泡泡玛特门店，人流量明显变大。一店员笑称，"小手办承接大情绪"，热 门盲盒得定时抢购甚至提前预订。数据显示，今年1月，武汉以盲盒手办为代表的其他文娱 用品价格同比上涨1.3%。 今年1月，武汉CPI温和上涨。业内人士分析，智能化商品、升级型服务与新能源相关 消费成为价格结构性上涨的主要推手，折射出城市消费活力、产业转型韧性。 编辑：熊展平 服务消费市场活跃，主打"为美好生活买单"。调查统计表明，1月份，定制游、深度游 成了热门搜索词，半自助游价格同比上涨4.0%；在景区找个跟拍或者旅拍成了不少人的打 卡标配，摄影服务价格同比上涨2.0%；线上观影、听书、看网文的人也在为内容付费，网 络影音服务价格同比上涨16.2%。 1月份， ...

提及中国，许多人会立即想到一种氛围，一种生活风尚。在TikTok上，一些美国年轻女性在庆祝她 们"人生的中国阶段"，声称自己现在"变成中国人"。这包括喝热水、穿拖鞋、早餐喝粥。这些视频吸引 了数十万人观看。详戳链接→ （参考消息 视频/南方财经） #泡泡玛特40%利润来自国外# 【#泡泡玛特去年上半年营收增长超2倍#】流行文化创造认同感：日本和 韩国已通过漫画、角色扮演或韩流偶像团体展示了这一点。如今，来自中国的是名为"拉布布"的玩偶。 去年，在一些世界巨星的宣传下，它在全球成年人中引发了收集狂热。 回顾过去一年，它可被视为中国软实力的转折点——或可称之为"拉布布效应"。中国流行文化正在经历 其全球突破。总部位于北京的拉布布玩偶制造商泡泡玛特公司，在2025年上半年营收增长超过两倍，目 前其40%利润来自中国以外地区。除了拉布布之外，TikTok和Temu等应用程序跻身全球下载量最高的应 用程序之列，《黑神话：悟空》等中国电子游戏在全球也越来越受欢迎。 ...

| 股票名称 | 沽空金额↓ | 沽空比率 | | 偏离值 | | --- | --- | --- | --- | --- | | 美团-W(03690) | 18.78 亿元 | 24.33% | 5.71% | | | 紫金矿业(02899) | 17.70 亿元 | 35.46% | 18.01% | | | 腾讯控股(00700) | 16.06 亿元 | 7.56% | -1.05% | | | 小米集团-W(01810) | 14.46 亿元 | 27.44% | 8.23% | | | 阿里巴巴-W(09988) | 10.10 亿元 | 11.28% | -1.15% | | | 联想集团(00992) | 9.49 亿元 | 41.95% | 9.80% | | | 泡泡玛特(09992) | 6.39 亿元 | 21.76% | -2.51% | | | 新鸿基地产(00016) | 5.92 亿元 | 52.92% | 17.94% | | | 中国石油化工股份 (00386) | 5.15 亿元 | 36.14% | 5.25% | | | 中国平安(02318) | 4.67 亿元 ...

Market Overview - The Hang Seng Index fell by 0.86%, closing at 27,032.54 points, with a total market turnover of 238.705 billion HKD [1] Southbound Trading Data - Tencent Holdings, Xiaomi Group-W, and Meituan-W saw net purchases of 1.429 billion HKD, 1.020 billion HKD, and 0.985 billion HKD respectively [1][2] - WuXi Biologics, Zijin Mining, and Pop Mart experienced net sales of 0.392 billion HKD, 0.346 billion HKD, and 0.301 billion HKD respectively [1][2] Individual Stock Performance - Tencent Holdings had a trading volume of 12.026 billion HKD, with a net buy of 1.429 billion HKD, closing at 535.50 HKD, down by 2.28% [2] - Xiaomi Group-W recorded a trading volume of 27.46 billion HKD, with a net buy of 1.020 billion HKD, closing at 36.52 HKD, down by 1.56% [2] - Meituan-W had a trading volume of 38.31 billion HKD, with a net buy of 0.985 billion HKD, closing at 84.85 HKD, down by 4.50% [2] - Pop Mart had a trading volume of 21.899 billion HKD, with a net sell of 0.301 billion HKD, closing at 252.20 HKD, down by 1.10% [2] - WuXi Biologics had a trading volume of 6.99 billion HKD, with a net sell of 0.392 billion HKD, closing at 41.34 HKD, down by 0.14% [2] - Zijin Mining had a trading volume of 9.64 billion HKD, with a net sell of 0.346 billion HKD, closing at 45.02 HKD, up by 3.45% [2]