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Express News | Hong Kong Stock Exchange: On March 12, Morgan Stanley reduced its long position in SHANGHAI FUDAN Microelectronics Group Co., Ltd. Listed in Hong Kong from 5.01% to 4.35%.
Express News | According to information from HKEX, the shareholding ratio of South Dakota Trust Company LLC (the trustee of Mr. Sun Hongbin's family Trust) in SUNAC has decreased from 29.82% to 27.67% as of March 12.
Express News | Hong Kong Stock Exchange: Citigroup reduced its long position in Zijin Mining Group (Listed in Hong Kong) from 7.52% to 6.85% on March 11.
Express News | Today, a total of 619 Hong Kong stocks were short-sold, with a total short-selling amount of 26.302 billion Hong Kong dollars.
Market overview: The three major indices showed mixed results, with the Hang Seng Index rising by 0.77%. Dining and retail stocks were active, with Little Vegetable Garden surging over 11% and Mao Ge Ping rising over 9%.
The Network Technology stocks had mixed performances, with XIAOMI-W rising 3.62% and NTES-S dropping 2.73%; Property Services and Management stocks strengthened, with CG SERVICES increasing by 7.53% and GREENTOWN SER rising by 5.83%; the Dining stocks saw gains, with Little Garden increasing by 11.29% and XIABUXIABU rising by 8.89%.
National Development and Reform Commission: The document to promote Consumer mentions stabilizing the stock market and real estate market for the first time to help residents increase income and reduce burdens.
Li Chunlin, Deputy Director of the National Development and Reform Commission, stated at a press conference held by the State Council Information Office that the "Special Action Plan to Stimulate Consumer Demand" emphasizes stabilizing the stock market and real estate market for the first time in consumer promotion documents and proposes corresponding measures to enhance the consumer confidence of the LBX Pharmacy Chain Joint Stock, making expectations more stable and confidence stronger. Li Chunlin mentioned that during the drafting process of this plan, the focus was on powerful and feasible policies that are tangible for the public, aiming to comprehensively expand the consumption of Commodities and services. One of the key points is to comprehensively exert force from both supply and demand sides. Li Chunlin also pointed out that earlier consumer policies mostly approached from the supply side, emphasizing leading demand creation through supply, while this plan increases policy strength on the demand side