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BOC International: The relaxation and optimization of the visa exemption policy for foreigners in transit is Bullish for Aviation travel, with the scale expected to continue growing.
In the medium to long term, there is still considerable growth potential in China's Aviation travel market. It is recommended to continue paying attention to investment opportunities in the new Aviation cycle.
Air China (00753.HK) subsidiary Macau Airlines is seeking capital increase due to operational difficulties.
The Macau government submitted a statement to the Second Standing Committee of the Macau Legislative Assembly, indicating that due to numerous adverse factors, the operation of the Macao Airlines Company has been extremely difficult this year, resulting in significant losses. It is expected that by the end of this year, the debt-to-asset ratio will exceed 99.5%, with net assets only reaching 14 million Macau patacas, compared to the current capital amount of 0.842 billion Macau patacas, failing to meet the requirement under Article 206 of the Commercial Code, which states that net assets must reach half of the capital amount. The major shareholder of Macao Airlines, Air China (00753.HK), proposed to inject 1.6 billion Macau patacas into the airline, while the second largest shareholder, the government, will contribute 3 million Macau patacas according to its shareholding ratio of 21.5%.
Express News | Overview of A-share private placements: 6 companies have disclosed progress on their private placements.
Hong Kong stocks closed (12.19) | The Hang Seng Index closed down 0.56% with the Aviation/airlines Industry strong throughout the day and Tencent Related stocks soaring in the afternoon.
The Federal Reserve's hawkish interest rate cut has significantly impacted the U.S. stock market, while Hong Kong stocks have also declined today along with the external environment, with the three major Indexes all falling over 1% in the morning session, and the decline narrowing in the afternoon.
Where to go: During the Spring Festival, the number of outbound travel destinations increased by 157, and air ticket prices fell by 12% year-on-year.
The mainland travel platform Qunar has released the latest data showing that bookings for outbound travel during the Spring Festival next year have already peaked in advance. As of yesterday (the 18th), during next year's Spring Festival, the number of international flight and hotel bookings has increased by more than 100% compared to last year, with 157 more destination cities booked by travelers compared to 2024. So far, the prices of outbound Spring Festival flight tickets have decreased by 12% year-on-year. Among popular destinations, prices for flights to Hanoi, Vietnam; Jakarta, Indonesia; Tokyo, Japan; Male, Maldives; Cairo, Egypt; Ho Chi Minh City, Vietnam; and Bangkok, Thailand have decreased by 20%.
Hong Kong stock afternoon review | Hang Seng Index fell 1% in the morning, Mainland Real Estate stocks broadly declined in the morning.
Shipping stocks collectively declined as ceasefire negotiations continue.
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