Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen

Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;

Futu NewsDec 13 16:24

KUAISHOU-W (01024.HK) spent HK$41.4 million to repurchase 0.885 million shares on December 13.

Gelonghui, December 13丨KUAISHOU-W (01024.HK) announced that on December 13, 2024, it spent 41.4 million Hong Kong dollars to repurchase 0.885 million shares, with a repurchase price of 46.3-47.2 Hong Kong dollars per share.

Gelonghui FinanceDec 13 19:02

【Brokerage Focus】CMB International: The introduction of substantial new consumer policies may still be the key driving factor for the structural improvement of valuations in the Internet Plus-Related sector.

Jinwu Finance | Zhao Yin International released the 2025 outlook for the Internet Plus-Related Industry, stating that the introduction of substantial policies to promote Consumer growth may still be the key driving factor for structural valuation improvements in the Sector. Before that, the Sector may maintain volatility, with Shareholder return levels, profit growth rates, and certainty being key supports for valuation. The bank recommends focusing on three main lines: 1) The competitive moat of mature Business and new development space, which may drive both performance and valuation increases: such as the gaming Sector benefiting from the release of new games, local life with further online penetration space in core Business, improvements in advertising effectiveness empowered by AI technology, and new additions brought by GPU cloud services.

Jingwu Finance NewsDec 13 12:11

Hong Kong Stock Market Midday Review | All three major Indices fell, the Technology Index decreased by about 2%; the technology sector, domestic real estate, and China-Affiliated Brokerage stocks declined, SUNAC fell over 6%, CITIC SEC dropped over 4%, an

Network Technology stocks performed poorly, SenseTime-W fell by 3.21%, MEITUAN-W dropped by 2.84%; Golden Industrial Concept stocks generally declined, RA SILK ROAD increased by 7.46%, LINGBAO GOLD fell by 4.75%; Semiconductors stocks weakened, SHEEN TAI rose by 5.82%, Semiconductor Manufacturing International Corporation decreased by 3.87%;

Futu NewsDec 13 12:10

Kuaishou (01024) won the "Environmental, Social and Governance Excellence Award" for Hong Kong listed companies in 2024.

In practicing social responsibility, Kuaishou actively meets the employment and entrepreneurship needs of various groups, injecting high-quality development momentum into the digital economy through the "Short Video + Live Streaming" model, creating a total of 40.22 million job opportunities by the end of 2023; and continuously putting effort into charity and public welfare, with a total investment of 35,566 hours in public welfare projects in 2023.

Zhitong FinanceDec 13 11:43

On December 12, a share repurchase took place | TENCENT, HSBC Holdings and others have repurchased shares, among which TENCENT spent 0.704 billion HKD.

According to a disclosure by HKEX on December 13, both TENCENT (00700.HK) and HSBC Holdings (00005.HK) repurchased shares. ① TENCENT (00700.HK) repurchased 1.69 million ordinary shares on December 12, involving an amount of 0.704 billion Hong Kong dollars, with the repurchase price ranging from 422.4 Hong Kong dollars to 409.8 Hong Kong dollars per share. Since the share buyback authorization resolution, the cumulative number of repurchased securities amounts to 0.212 billion shares, accounting for 2.256% of the total number of shares issued when the ordinary resolution was passed. ② HSBC Holdings (00005.HK)

Futu NewsDec 13 09:10