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The net Inflow of Tencent through Hong Kong Stock Connect is 13.994 billion Hong Kong dollars.
The northbound southward net inflow into Tencent (00700.HK), SMIC (00981.HK) and China Mobile (00941.HK) reached 13.994 billion HKD, 0.73 billion HKD and 0.443 billion HKD respectively. The northbound southward net outflow from TRACKER FUND OF HONG KONG (02800.HK), Hang Seng China Enterprises (02828.HK) and Meituan (03690.HK) amounted to 3.223 billion HKD, 0.86 billion HKD and 0.773 billion HKD respectively. The maximum net inflow through SH->HK Connect for active stocks was 9.904 billion HKD in Tencent (00700.HK), while the highest net fund inflow...
Black swan strikes! 134 Chinese companies have been "blacklisted" by the U.S., causing a massive fluctuation in Tencent's stock price.
Wall Street remains optimistic.
Express News | Hong Kong stocks in the semiconductor sector surged in the afternoon, with Semiconductor Manufacturing International Corporation rising over 5% leading the gains, HUA HONG SEMI increasing nearly 3%, and SHANGHAI FUDAN rising nearly 2%.
Hong Kong stock Concept tracking | The new upward cycle of Semiconductors is expected to accelerate the localization process (with related stocks attached).
The localization of Semiconductors is imperative, and the importance of advanced processes is increasing.
Hong Kong Stock Market Afternoon Review | All three major indices fell, with the Hang Seng Index down nearly 2%; Network Technology stocks declined, with Tencent down nearly 7% and Xiaomi down over 8%; some mineral stocks rose against the trend, with CGN
Network Technology stocks fell, with XIAOMI-W down 8.13% and TENCENT down 6.79%; Biotechnology stocks declined, with EVEREST MED-B down 6.35% and WUXI BIO down 4.22%; Shipping and Ports stocks weakened, with COSCO Shipping Holdings down 3.47% and CHINA MER PORT down 2.49%.
[Brokerage Focus] Goldman Sachs: China’s subsidy policy for the Smart Phone Industry supports growth, paying attention to related supply chain companies.
Jinwu Finance | Goldman Sachs released a research report on China's Smart Phone industry on January 4, 2025. The report pointed out that the National Development and Reform Commission of China announced on January 3 that it will expand the scope of national subsidies in 2025 to cover Smart Phones, tablets, and smartwatches. Previously, local governments had already launched Smart Phone subsidy policies ranging from 10% to 20% in 2024. Goldman Sachs expects that national subsidies will cover more Consumers, thereby boosting recent market demand, although the long-term product cycle still relies on technological upgrades (such as 6G in 2030) or design changes (such as foldable Smart Phones).