The Hang Seng Index rose 1.11%, adding 276 points to reach 25,282. The Hang Seng Tech Index climbed 1.66%. Morning session turnover in Hong Kong stocks amounted to HKD 194.1 billion.

Lenovo Group (00992) surged over 24% to a record high, buoyed by Dell's Q1 revenue surge of 88% and its raised sales outlook for AI servers. Pop Mart (09992) gained over 9% again, following Duan Yongping's disclosure of a stake making him the second-largest shareholder, with the company's core IPs demonstrating strong vitality.

Domestic property stocks soared across the board. The release of the "15th Five-Year Plan" for urban renewal is expected to drive investment worth trillions of yuan. Country Garden (02007) jumped 19%; Sunac China (01918) rose 10%.

Power stocks collectively advanced. Record-high electricity loads coupled with catalysts for electricity pricing reforms suggest potential phased opportunities for thermal power. Datang Power (00991) increased 5%; Huaneng Power International (00902) rose 4.7%.

Innovent Biologics (01801) climbed over 10% after entering a global strategic collaboration with Pfizer, with a total transaction value reaching USD 10.5 billion. China Tourism Group Duty Free (01880) gained 9.8%, as shopping value in Hainan's offshore duty-free sector grew 22.6% in the six months since new policies were implemented.

Deson Development (00199) surged over 18% following the signing of its first AI computing power contract, marking a deeper entry into the computing power optical network industry chain. Biren Technology (06082) rose over 11% after its Biren 166 chip received National Testing Level I certification and its northern headquarters was established in the Tianjin Port Free Trade Zone.

Jiaxin International Resources (03858) gained another 10%, as the US accelerates rebuilding its tungsten supply chain; the company's revenue is entirely derived from scheelite concentrate. Cirrus (02507) soared over 19% after delivering 196 aircraft in Q1, a year-on-year increase of 30.67%.

Yangtze Optical Fibre and Cable (06869) rose over 11%, as its A-shares are set to officially enter the MSCI Emerging Markets Index after the market close. Creality 3D (03388) debuted on the exchange, surging over 36% in the morning session; the company is the world's second-largest consumer-grade 3D printing company.

Asia Pacific Resources (01104) fell over 22% after proposing a "2-for-1" rights issue to raise up to HKD 1.08 billion, with the offer price at a discount of approximately 33%. XPeng Inc. (09868) declined over 3% post-earnings, as its Q1 net loss widened to RMB 1.78 billion and deliveries fell over 30% both sequentially and year-on-year.