Futu News on March 3, the decline of the three major US stock indexes expanded, the Nasdaq fell 1.52%, fell more than 200 points, the S & P 500 index fell 0.72%, and the Dow changed from rising to falling. Popular US-listed stocks generally weakened.

Bilibili Inc. 's increase narrowed to 0.96%. According to a document submitted to SEC by Bilibili Inc., the company has set up an entity in Shanghai with independent third party Zhuhai Hengqin Wangfu Project Investment LLP (hereinafter referred to as "Wangfu") and two entities controlled by CEO Chen Rui and COO Li Mi to obtain the right to use a piece of land in Shanghai. The total investment in the acquisition of land use rights is about 8.1 billion yuan. According to the documents, Bilibili Inc. holds 30.01 per cent of the entity, Wangfu holds 45 per cent, and the management entity holds the remaining 24.99 per cent. In addition, according to the shareholders' agreement, Bilibili Inc. promised to provide no more than 1.2 billion yuan for the acquisition of land use rights, of which 487 million yuan has been paid, and the rest is expected to be paid by March 31, 2021.

New energy automobile stocks fell, ideal fell 1.86%, NIO Inc. fell 1.67%, XPeng Inc. fell 0.95%.

XPeng Inc. today announced the launch of XPeng Inc. P7 rear drive standard endurance model. There are two versions of Smart Edition and Zhizun version, both of which use lithium iron phosphate battery with comprehensive mileage of 480km. The sale starts now, and the delivery time is expected to be May 2021. After the comprehensive subsidy, the national recommended starting price is 229900 yuan. XPeng Inc. G3 also launched a new version of the G3 460c enjoyable version on the basis of the original 460i, with a national suggested retail price of 149800 yuan after comprehensive subsidy. In addition, Morgan Stanley gave XPeng Inc. an overweight rating with a target price of $70.

According to a research report released by CICC, NIO Inc. 's sales volume is expected to remain high in 2021, keeping the target price unchanged at US $85. Deutsche Bank said it recommended buying NIO Inc. on a bargain and reiterated its target price of $70. Nomura has a target price of $81, up from a previous target of $80.3.

Baidu, Inc. fell 1.8 per cent. Fitch said Baidu, Inc. 's strong financial flexibility supports its diversification, and AI smart cloud will continue to be the main revenue driver.

New Oriental Education & Technology Group fell 2.15%. New Oriental Education & Technology Group said that according to the share split proposal of New Oriental Education & Technology Group Education Technology Group, the existing shares with a par value of US $0.01 each will be subdivided into 10 shares with a par value of US $0.001 each. Upon entry into force, each trading unit will be changed from 10 existing shares to 100 new shares. Trading in the new shares is expected to begin on March 10, 2021.

Forto Securities Today's US stock trading hot list shows that the top Chinese stocks include NIO Inc., Baidu, Inc., XPeng Inc., Bilibili Inc., Pinduoduo, Taiwan Semiconductor Manufacturing Co Ltd and ideal.