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2026-09-17
15:36
CMSI: Consolidation Led by State-owned Carmakers to Help Cut Excess Capacity, Reduce Homogeneous Competition

CMSI released a research report stating that the National Development and Reform Commission has, for the first time, incorporated mergers and reorganizations and strict capacity control into its five-year plan. GAC GROUP (02238.HK) and FAW have launched asset restructuring, marking the start of supply-side reform in the auto industry, which is expected to address the root causes of excessive competition and drive earnings and valuation recovery in the sector.

The broker believes that asset consolidation led by state-owned automakers will help reduce excess capacity and homogeneous competition. If implemented comprehensively, it will improve the overall profit margin of the industry and support sector valuation recovery. The broker maintained its outlook for next year's auto market of "stable domestic demand and stronger overseas expansion". For automakers, it favors the overseas expansion leaders GEELY AUTO (00175.HK), BYD COMPANY (01211.HK) and CHERY AUTO (09973.HK). For auto parts makers, it favors FUYAO GLASS (03606.HK), WEICHAI POWER (02338.HK) and MINTH GROUP (00425.HK). For the consolidation theme, it suggested watching potential trading opportunities in GAC GROUP (02238.HK) and BAIC MOTOR (01958.HK).

Stock | Investment Rating | TP

GEELY AUTO (00175.HK) | Overweight | HKD34.2
BYD COMPANY (01211.HK) | Overweight | HKD130
XPENG-W (09868.HK) | Overweight | HKD92
UBTECH ROBOTICS (09880.HK) | Overweight | HKD172
HORIZONROBOT-W (09660.HK) | Overweight | HKD9
Hesai Group (HSAI.US) | Overweight | USD32
FUYAO GLASS (03606.HK) | Overweight | HKD83
GWMOTOR (02333.HK) | Overweight | HKD13
MINTH GROUP (00425.HK) | Overweight | HKD56
LI AUTO-W (02015.HK) | Neutral | Under Review
Tesla, Inc. (TSLA.US) | Neutral | Under Review
CHERY AUTO (09973.HK) | Not Rated | -
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14:34
Akeso's EGFR/TROP2 Bispecific ADC AK158D1 Granted NMPA Phase I Clearance for Advanced Solid Tumors, Marking Its Fourth Clinical-Stage ADC Candidate

HONG KONG, Sept. 17, 2026 /PRNewswire/ -- Akeso, Inc. (9926.HK) ("Akeso" or the "Company") announced that AK158D1, its investigational next-generation bispecific antibody-drug conjugate (ADC) targeting EGFR and TROP2, has secured Phase I clinical trial clearance from the Center for Drug Evaluation (CDE) under China's National Medical Products Administration (NMPA). The trial will assess the candidate in patients with advanced malignant solid tumors.

AK158D1 is Akeso's fourth ADC to enter clinical development and joins the Company's growing clinical-stage ADC portfolio, which includes AK146D1 (TROP2/Nectin-4), AK138D1 (HER3), and AK157D1 (B7-H3). It is also Akeso's second bispecific ADC to reach the clinic, further advancing the Company's global strategy of combining next-generation immuno-oncology (IO2.0) approaches with next-generation ADC platforms (ADC2.0).

EGFR (epidermal growth factor receptor) and TROP2 (trophoblast cell surface antigen 2) constitute a highly promising target pair for bispecific ADC therapeutic development, with broad co-expression across a spectrum of solid tumor types. Each target has well-validated anti-tumor mechanisms of action, and their dual targeting holds significant synergistic anti-tumor potential.

To date, single-target ADCs directed against either EGFR or TROP2 have been constrained by three key clinical limitations: narrow tumor coverage, off-target toxicity, and multidrug resistance. As a next-generation dual-targeting ADC, AK158D1 integrates the precise tumor recognition enabled by bispecific antibodies, a highly potent cytotoxic payload, and an enhanced safety profile to create a potential breakthrough ADC to address the shortcomings of conventional single-target ADC modalities.

Preclinical data for AK158D1 have demonstrated potent anti-tumor activity with a favorable safety profile, supporting its potential as a novel therapeutic option for a wide range of patients, including those who are refractory to, intolerant, or ineligible for existing standard of care regimens.

Akeso is advancing its IO2.0 + ADC2.0 strategy, built on proprietary bispecific and multi-specific antibody technology and centered on cornerstone IO2.0 assets including ivonescimab and cadonilimab. Through this approach, the Company is elevating treatment standards for major diseases worldwide and building a broad oncology portfolio to create next-generation standard of care.

Leveraging its technological leadership in bispecific and multi-specific antibodies, Akeso is systematically building a comprehensive global IO2.0 + ADC2.0 therapeutic matrix for major diseases worldwide.

In the immuno-oncology field, Akeso has two approved bispecific antibodies for cancer treatment. The Company is actively evaluating ivonescimab and cadonilimab in combination with its proprietary next-generation ADC candidates. Increasingly, global partners recognize both ivonescimab and cadonilimab as preferred agents for combination regimens and breakthrough therapy explorations across a wide spectrum of tumor types. In the ADC space, Akeso has built a pipeline of highly differentiated next-generation candidates, including AK146D1, AK138D1, AK157D1 and AK158D1, which are already in clinical development. These agents are designed to address the narrow therapeutic window and safety limitations commonly associated with first-generation ADCs.

About AK158D1

AK158D1 is a bispecific ADC developed by Akeso, featuring a humanized antibody that dually targets EGFR and TROP2. Preclinical pharmacodynamic studies have shown strong antigen-binding affinity and robust in vitro and in vivo pharmacological activity.

About Akeso
Akeso (HKEX: 9926.HK) is a leading biopharmaceutical company committed to the research, development, manufacturing and commercialization of the world's first or best-in-class innovative biological medicines. Founded in 2012, Akeso has built a comprehensive R&D innovation ecosystem anchored by its proprietary Tetrabody antibody technology platform, AI-powered drug R&D platform, Dual-Shield ADC technology platform, Dual-Lock T-cell engager (TCE) technology platform, Tissue-Smart siRNA/mRNA technology platform, and cell therapy technology platforms.

Backed by world-class GMP manufacturing facilities and a highly efficient, integrated commercialization system, Akeso has developed into a globally competitive biopharmaceutical enterprise. Leveraging its fully integrated, multi-functional platform, the Company maintains a robust pipeline of more than 50 innovative assets targeting cancer, autoimmune diseases, inflammation, metabolic disorders, and other major therapeutic areas. Of these, nearly 30 candidates have advanced into clinical trials, including 15 bispecific or multi-specific antibodies and bispecific ADCs. Eight innovative drugs are commercially available, and two additional drugs with three indications are currently under regulatory review for marketing approval.

Akeso is committed to becoming a global leader in biopharmaceuticals through efficient and breakthrough innovation in R&D, developing novel therapies that are first-in-class or best-in-class, and providing better disease solutions for patients around the world.

Forward-Looking Statements
This announcement by Akeso, Inc. (9926.HK, "Akeso") contains "forward-looking statements". These statements reflect the current beliefs and expectations of Akeso's management and are subject to significant risks and uncertainties. These statements are not intended to form the basis of any investment decision or any decision to purchase securities of Akeso. There can be no assurance that the drug candidate(s) indicated in this announcement or Akeso's other pipeline candidates will obtain the required regulatory approvals or achieve commercial success. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

Risks and uncertainties include but are not limited to, general industry conditions and competition; general economic factors, including interest rate and currency exchange rate fluctuations; the impact of pharmaceutical industry regulation and health care legislation in the P.R. China, the United States and internationally; global trends toward health care cost containment; technological advances, new products and patents attained by competitors; challenges inherent in new product development, including obtaining regulatory approval; Akeso's ability to accurately predict future market conditions; manufacturing difficulties or delays; financial instability of international economies and sovereign risk; dependence on the effectiveness of Akeso's patents and other protections for innovative products; and the exposure to litigation, including patent litigation, and/or regulatory actions.

Akeso does not undertake any obligation to publicly revise these forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

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12:47
Founder Zhu Jiangming: LEAPMOTOR Eyes to Become Apple of Auto Industry, Expects Non-Humanoid Robots to Create More Value

LEAPMOTOR (09863.HK) founder, chairman and CEO Zhu Jiangming said broadband wireless communications were not invented by Apple Inc. (AAPL.US), nor were computers, touchscreens, digital cameras or MP3 players. However, Steve Jobs achieved excellent innovation through functional integration, ecosystem development and ultimate product innovation, creating today's Apple. LEAPMOTOR also hopes to achieve similar innovation and strives to become the Apple of the automotive industry.

He believes that robots that can truly create greater value will still be non-humanoid robots in the future, possibly wheeled or transformable robots capable of movement and operation, without necessarily taking a humanoid form. LEAPMOTOR will not focus on humanoid robots in the near term, and will instead pay greater attention to automation scenarios. By leveraging AI technology and LEAPMOTOR's existing technologies, the company aims to develop better innovative products and create a second growth curve.
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12:39
10支科創團隊香港出發,Protechting與香港科技園開啓戰略合作

香港2026年9月17日 /美通社/ -- 2026年9月16日,第八屆Protechting全球青年創新創業項目(Protechting 8.0)中國系列路演活動首站於香港科技園舉行,來自葡萄牙、丹麥、巴西等地的10支科創團隊輪番登台展示,參與團隊數量為歷年之最。本次活動由上海復星公益基金會(下稱「復星基金會」)與香港科技園公司(HKSTP)共同舉辦,雙方宣佈達成戰略合作夥伴關係,旨在進一步融入大灣區科創生態,搭建跨境科技創新成果與本土產業交流平台。

參與Protechting 8.0來華路演的初創團隊,聚焦健康科技和可持續發展兩大賽道,AI輔助疾病早篩、智卉節能管理等項目令人眼前一亮。香港科技園公司投資生態拓展高級經理梁紹麟博士及Gobi Partners投資研究經理Zhu Shaohu擔任專業評審,就核心技術突破、商業模式以及中國市場的適用性與落地路徑,與路演團隊展開探討。

香港科技園有限公司署理首席業務發展總監黃家裕與復星基金會理事長李海峰共同宣佈雙方達成戰略合作夥伴關係。黃家裕在致辭中說,歡迎海外團隊到訪科技園,這是雙方在鏈接全球創新力量、融入粵港澳大灣區科創生態邁出的關鍵一步。復星基金會理事長李海峰表示,復星國際是一家香港上市公司,此次中國路演的亮相選擇在香港科技園,體現了我們堅持「商業向善、科技向善」的一貫追求,也是復星公益長期以來支持香港社區發展的進一步延續,「期待10支團隊抓住機遇,充分利用香港科技園提供的寶貴平台,讓創新的優質項目在中國落地生根。」

在主題分享環節,香港科技園創新發展總監簡依雯詳細介紹了科技園及香港特區政府在扶持初創企業方面的政策舉措與豐富成果。復星基金會項目總監朱慧分享了「青少年遠見者新星」和基金會在青少年科創公益領域的持續努力。動點科技創始人兼CEO盧剛博士與Protechting主辦方之一復星葡萄牙保險創新部門負責人Filipe Estrela宣佈雙方建立媒體合作關係。

本次中國系列路演將依次在香港、佛山、澳門、珠海及上海開展,將走訪醫院、孵化中心、參與角逐S創大賽等,深入對接粵港澳大灣區與長三角地區的產業、資本與市場資源,推動跨國科技創新成果在華交流落地。

Protechting全球青年創新創業項目(Protechting Open Innovation Program,簡稱Protechting)是由復星及復星基金會聯合復星葡萄牙保險(Fidelidade)、葡萄牙醫療集團(Luz Saúde)(秘魯保險公司La Positiva 2026年加入)於2016年發起的「科創+公益」系列性活動。「Protechting」源於「Protection」和「Technology」兩個詞,意在助力人工智能時代的青年人實現創業夢想。截至目前,項目已吸引全球50多個國家和地區的青年參與,促成50多個試點項目的孵化和多個青創項目的規模化發展。

Information Provided by PR Newswire [Disclaimer]
10:53
Manus Reportedly Nears USD500M Funding Round; Valuation Doubles to USD4B

Agentic AI startup Manus is close to completing a USD500 million funding round, with the company's valuation set to double to USD4 billion, Bloomberg, citing sources, reported. This would make the company one of the most valuable startups in China's industry.

Previously, after Meta Platforms, Inc. (META.US)'s acquisition deal for Manus collapsed, the company resumed independent operations. Reports also said that TENCENT (00700.HK) is in talks to become the company's largest shareholder.
~

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2026-09-16
16:38
HSI Swings to Close Up 46 pts; LENOVO GROUP Surges 8%+; Z.AI Soars ~6%; Apple Supply Chain Stocks Advance

This morning (16th), Chief Executive John Lee unveiled the Policy Address and Hong Kong's first Five-Year Plan. Paired with the upcoming Fed rate decision, market stayed on the sideline. The HSI opened up 122 pts before once turning south by nearly 100 pts, then rebounded repeatedly to close at 24,713, up 46 pts or 0.19%. Main board turnover totaled HKD181.085 billion. The HSCEI closed at 8,206, up 1 pt or 0.02%, while the HSTECH closed at 4,325, up 34 pts or 0.79%.

Major techs came under pressure. TENCENT (00700.HK) and XIAOMI-W (01810.HK) each closed down about 1.2%. BIDU-W (09888.HK), MEITUAN-W (03690.HK), BABA-W (09988.HK) and JD-SW (09618.HK) fell by less than 1%. KUAISHOU-W (01024.HK) closed down 0.5% at HKD29.66, hitting another record closing low.

This year's Policy Address contained limited new housing measures, lifting property stocks. NEW WORLD DEV (00017.HK) mounted 2.08%, SINO LAND (00083.HK) gained 1.22%, while HENDERSON LAND (00012.HK) and SHK PPT (00016.HK) each rose by less than 1%.

Apple Inc. (AAPL.US) reportedly accepted sharp memory chip price hikes from Samsung for 1Q27, driving Hong Kong-listed chip stocks higher. HUA HONG GRACE (01347.HK) surged 5.87%, SMIC (00981.HK) rallied 4.77%, BIREN TECH (06082.HK) shot up 2.56%, ILUVATAR COREX (09903.HK) climbed 6.23%, and MONTAGE TECH (06809.HK) advanced 5.46%.

Apple supply chain stocks were in a good shape, with LUXSHARE ICT (02475.HK) up 4.1%, LENS (06613.HK) up 2.4%, and BYD ELECTRONIC (00285.HK) up 3.1%.

For other blue chips, LENOVO GROUP (00992.HK) jumped up 8.33%, making it the best-performing blue chip of the day, after its CFO said net profit margin could reach Dell's level. CATL (03750.HK) sagged nearly 3% again to close at HKD501, a six-month low, barely holding above the HKD500 mark. Daiwa reportedly said CATL may cut production in September and that unit net profit in 3Q could decline QoQ. HSBC HOLDINGS (00005.HK), which dropped over 3% yesterday, rebounded 0.81% to reclaim the HKD160 level.
~

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15:36
Zoomlion's Full-Stack Humanoid Robots Compete at World Humanoid Robot Games

BEIJING, Sept. 16, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion") recently fielded its independently developed humanoid robots at the second World Humanoid Robot Games in Beijing, where they competed in the standing high jump, 100-meter sprint and standing long jump. The events provided demanding conditions for evaluating gait algorithms, joint responsiveness and overall stability under high-speed motion and complex control conditions, while providing data to further refine the company's full-stack capabilities across algorithms, software, hardware and industrial applications.

Zoomlion’s Full-Stack Humanoid Robots Compete at World Humanoid Robot Games
Zoomlion’s Full-Stack Humanoid Robots Compete at World Humanoid Robot Games

Zoomlion's robots delivered consistent performances across all three events, showcasing the integration of their hardware architecture, AI algorithms and motion-control systems. Their showing reinforced the company's position among the field's leading robotics developers.

Zeng Guang, general manager of Zoomlion's ZValley, said the events measured more than speed and strength, providing a broader assessment of the company's AI capabilities and its ability to deploy robots in real-world settings. Competing alongside teams from around the world also allowed Zoomlion to benchmark its technology and refine its systems and products for greater reliability and adaptability in industrial settings.

The company has deployed dozens of its humanoid robots across its smart factories, where they perform material sorting, cable-harness tying, component preassembly, precision assembly, finished-product inspection and factory patrols.

The bipedal Z01 uses AI-powered imitation learning to organize randomly placed objects and precisely arrange and tie cable harnesses. The wheeled Z03 can independently handle precision processes, including preassembling mirrors for industrial equipment, to meet the accuracy requirements of production lines.

Zoomlion draws on real-world operating data from these deployments, as well as more than 300 intelligent production lines and over 2,000 industrial robots running year-round. This data supports the continued refinement of AI models, algorithms and robot performance, creating a cycle in which technology enables deployment and real-world experience informs further development.

Zoomlion's portfolio includes bipedal and wheeled humanoid robots as well as quadruped robots, backed by in-house capabilities spanning core components, operating systems, complete robot systems and industrial applications. The company is among the few AI-native robotics companies to combine full-stack humanoid robot development, deployment at scale and continuous improvement based on real-world data. It is also the only high-end equipment manufacturer to have developed and deployed embodied AI robots.

Zoomlion will continue advancing its embodied AI technologies and scaling humanoid robot deployments across industrial manufacturing, specialized operations and smart services.

Information Provided by PR Newswire [Disclaimer]
14:17
S Korea Deputy PM: S Korea Cannot Afford Consequences of Slowing AI Development

South Korean Deputy Prime Minister and Minister of Science and ICT, Bae Kyung-hoon, said South Korea must continue to push forward with AI development without delay, adding that the country can no longer afford the cost of slowing AI development.

In his view, there is a fundamental difference among countries that are already in a leading position and choose to slow development, and countries that are still catching up while also trying to open up markets.

Today (16th), XL2CSOPHYNIX (07709.HK) and XL2CSOPSMSN (07747.HK) advanced 5.82% and 3.12%, respectively.
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AASTOCKS Financial News
Website: www.aastocks.com

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13:34
寧德時代在2026 IAA漢諾威國際商用車展上發布TECTRANS II 加速全球商用車電動化進程

德國漢諾威2026年9月15日  /美通社/ -- 寧德時代新能源科技股份有限公司(CATL) 於9月14日在2026年IAA漢諾威國際商用車展上,推出新一代商用車電池解決方案TECTRANS II(天行II)。


寧德時代海外業務部總裁李小寧表示:「商用車電動化正成為全球能源轉型的第三波浪潮。寧德時代將圍繞產品、能源、服務與生態,攜手全球合作伙伴緊抓這一機遇。」

寧德時代海外業務部總裁李小寧
寧德時代海外業務部總裁李小寧

TECTRANS II:面向商用車電動化打造的模塊化平台

場景適配能力:適配多元商用車應用與運營需求

  • 平台適配多場景:通過配置不同數量的標准化電池包,TECTRANS II可滿足不同電量與載重需求,車輛最大續航裡程可達1000公裡。
  • 靈活技術路線:該平台兼容電驅橋與中央驅動兩種架構,支持充電與換電模式靈活切換。
  • 一套硬件配置,全生命周期兼容:平台統一外部尺寸、電氣接口與通信協議,電池技術與電池包設計可迭代升級。新款及現有車型均可受益於後續技術升級,無需對整車平台進行大規模改動。
  • 模塊化設計可幫助整車廠將車輛開發周期縮短50%,研發成本降低60%至70%,助力車型更快落地,降低適配成本。

TECTRANS II battery
TECTRANS II battery

全生命周期經濟性:提升車輛全生命周期收益

  • 更快回本周期:模塊化平台無需為每一款車型單獨開發專用電池系統,幫助整車廠壓縮開發成本、縮短上市周期,降低前期投入風險。
  • 更高運營收益:TECTRANS II從三方面提升車隊經濟效益。
    • 更高能量密度:電池質量能量密度達170 Wh/kg,較行業平均水平高出約13%。在電池容量不變的前提下,車輛可額外承載約0.6噸有效載荷。
    • 更長續航、更快補能:頂配版本續航可達1000公裡,搭載兆瓦級快充,25分鍾即可充至80%電量,減少長途干線運輸的充電等待時間。
    • 更高能效:全球首創全極耳低阻抗設計,系統往返效率(RTE)可達96%,降低充電損耗,為日常運營提供更多可用電能。
  • 更高保值率:用於重卡的TECTRANS II電池設計壽命12年、行駛裡程150萬公裡,容量保持率可達70%,有效提升車隊資產的保值率。

TECTRANS II battery
TECTRANS II battery

安全與可靠性:滿足真實商用車運營的嚴苛要求。

  • 堅固物理防護
    • 熱成型鋼上蓋:可承受180公斤成年人反復踩踏10000次而不變形。
    • 超高強度底板:抗沖擊強度達1,000 J,可保護電池包免受路面沖擊損傷。
    • 高強度殼體防護:采用帶抗擠壓筋的擠壓鋁殼體,側向抗擠壓力可達250 kN。
    • 15年防腐性能:可在沿海及寒冷地區長期運營。
    • 易維護設計:主連接器插拔狀態下均可維持IPXXB防護等級,提升維護過程中的高壓安全性。
  • 系統冗余設計
    • 架構冗余:采用多支路獨立電池管理系統(BMS)控制,系統可隔離故障支路,其余支路持續供電。
    • 精准故障診斷:自研絕緣故障定位技術,可區分絕緣故障源於電池還是車輛的其他部件,加快故障排查。
    • 網絡安全防護:從芯片硬件、軟件程序到整車系統構建多層防護體系,研發全程遵循國際信息安全標准。

TECTRANS II彰顯了寧德時代持續創新、穩定保障產品品質的長期承諾。該平台經過實車扭轉、外部火燒等嚴苛測試與真實場景運營驗證,能夠在嚴苛的商用車運營場景下保障安全性、可靠性與長久使用壽命。

攜手共建歐洲綠色貨運走廊

展會期間,寧德時代還與DHL集團簽署諒解備忘錄。雙方在2024年9月合作協議的基礎上,將在歐洲打造多條綠色貨運走廊。合作方將依托DHL的物流網絡、運營經驗與實際運輸需求,結合寧德時代的電池技術與電動化生態體系,聯合整車廠及其他合作伙伴,共同開發專用電動車輛並開展試點落地。

寧德時代海外業務部首席技術官朱凌波
寧德時代海外業務部首席技術官朱凌波

寧德時代海外業務部首席技術官朱凌波表示:「商用車電動化進程將持續十余年。憑借深厚的技術積累與長期投入,寧德時代願成為全球客戶最可靠的合作伙伴,助力全球貨運交通電動化。」

 

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12:21
Huawei Eyes to Become NVIDIA in ICT and Computing

Huawei Supervisory Board Chairman Guo Ping recently said that, regarding its large model strategy, Huawei is focused on connectivity and computing fields, while different business segments have varying demands for self-developed large models. Huawei's large model strategy is closely integrated with its own business objectives, maintaining investment while adopting differentiated deployment based on business scenarios.

Regarding the ICT business and computing field, Guo said Huawei's goal is to become NVIDIA Corporation (NVDA.US). The company's core advantage does not lie in possessing self-developed large models, but in supporting customers in building outstanding large models and ensuring that any large model globally can operate efficiently on Huawei Ascend, Kunpeng, supernodes and clusters.
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