2025年，香港恒生指数全年累计涨幅高达27.77%，创下自2017年以来的最佳年度表现，仅次于深成指30%的年内涨幅。恒生科技指数同样表现亮眼，全年累计上涨23.45%，为自2020年设立以来的最佳年度表现。恒生国企指数年内也上涨22.27%，显示出港股整体市场的强劲复苏势头。
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So what does HotAudio do then? Based on everything I could observe, they implement a custom JavaScript-based decryption scheme. The audio is served in an encrypted format chunked via the MediaSource Extensions (MSE) API and then the player fetches, decrypts, and feeds each chunk to the browser’s audio engine in real time. It’s a reasonable-ish approach for a small platform. It stops casual right-clickers. It stops people opening the network tab and downloading the raw response file, only to discover it won’t play. For most users, that friction is sufficient.