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Annual review | North funds aggressively bought Hong Kong stocks! Net buying exceeded 770 billion Hong Kong dollars for the year, with Alibaba attracting over 82 billion.
As of December 19, the cumulative transaction of southbound funds through the Hong Kong Stock Connect this year has exceeded 10 trillion, surpassing the entire amount of last year, with an overall increase of nearly 50%.
The Ministry of Commerce and six other departments jointly issued the "Implementation Plan for the Innovation and Enhancement Project of the Retail Trade."
The National Ministry of Commerce and seven other departments jointly issued the "Implementation Plan for the Innovation and Improvement Project in the Retail Trade." The plan deploys tasks in five areas. It promotes scene transformation, encourages integrated business, innovates fashionable business, advocates curated business, cultivates themed business, and enhances community business. It promotes quality supply, focuses on consumers, operates with integrity, prioritizes quality, and provides excellent service to optimize commodity and service experiences. It promotes digital empowerment, drives the deep integration of physical retail with the digital economy, forms new productive forces, enhances efficiency, and makes consumption more convenient. It promotes diversified innovation, encourages the integration of business types, and aims for "large and strong" or "small...
Hong Kong market quick view | All three major Indexes closed higher, with active performance in tech and Brokerage stocks, Xiaomi Group rose nearly 4%, and Guolian increased by more than 9%.
Network Technology stocks increased, XIAOMI-W rose by 3.78%, KUAISHOU-W rose by 2.47%; Dining stocks performed well, HAILUNSI rose by 9.52%, JIUMAOJIU rose by 5.40%; Sporting Goods stocks also performed well, TOPSPORTS rose by 7.78%, XTEP INT'L rose by 3.35%.
PDD Holdings (PDF.US) has launched the Double Twelve promotion "Super Doubles Rebate" activity with discounts on beauty and other products along with subsidies.
The "Super Double Replenishment" event of PDD Holdings (PDD.US) officially kicked off recently (on December 8), focusing on key Commodities covering major categories such as beauty, personal care, maternity and baby, food, and home appliances.
Express News | Double 12 is in full swing, with PDD Holdings increasing the 'Super Double Subsidy.'
Hong Kong stocks movement | Sporting Goods stocks rise across the board. Institutions state that the Sports Industry has broad prospects and the high prosperity of sports apparel may continue.
The shares of Sporting Goods companies rose across the board. As of the time of this report, TOPSPORTS (06110) rose by 7%, trading at 2.75 HKD; 361 DEGREES (01361) rose by 5%, trading at 4.41 HKD; LI NING (02331) rose by 3.49%, trading at 17.78 HKD; XTEP INT'L (01368) rose by 3.17%, trading at 5.86 HKD; ANTA SPORTS (02020) rose by 2.85%, trading at 84.8 HKD.