Hong Kong stock market closed higher on Tuesday. The Hang Seng Index rose by 1.35%, the Hang Seng China Enterprises Index increased by 1.07%, and the Hang Seng Tech Index went up by 0.50%.

Busy Ming extended rally to 82% in grey market trading; MiniMax up over 26%; Zijin Gold up over 11%; Bilibili up nearly 6%; Alibaba jumped about 3%.

Chinese retailer Busy Ming soared 82.6% in Hong Kong’s grey market trading, the shares begins trading on Jan 28. Busy Ming Headquartered in Changsha and in business since 2017, Busy Ming has grown into a national player in China’s fragmented snack market by focusing on small pack sizes and budget-friendly pricing.

Zijin Gold will buy Canada's Allied Gold for about C$5.5 billion ($4.02 billion) ​in cash, the companies said on Monday, as ‌the Chinese miner ramps up its global expansion against the backdrop of record high prices of the yellow metal.

Zijin Gold rocketed 11.6% while Zijin Mining surged nearly 3% following its announcement.

Harbin Electric stock jumps 5.89%. The company issued a positive profit alert after the bell yesterday, estimating that the net profit attributable to the owners of the parent company will have grown by around 57% YoY to around RMB2.65 billion in 2025, primarily owing to the growth in operating revenue and further improvement in product profitability during the year.