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In November, fiscal revenue grew by 11%, reaching an 18-month high in growth rate. How should this "report card" be viewed.
Minsheng Securities stated that tax revenue performed well in November; however, non-tax revenue continues to be the main driving factor of fiscal revenue. Nevertheless, some detailed data remains unsatisfactory, such as in the areas of Consumer, foreign trade, and real estate, which overall reflects a weakness in domestic demand and that current resident consumption willingness is not strong.
Express News | The seventh meeting of the China-US Financial Working Group was held.
Hong Kong stock market afternoon review | The three major Indexes have all fallen, with the technology Index dropping by 0.49%; the 5G Sector and Lithium Battery Sector show strength against the trend, ZTE soaring over 7%, and BYD shares rising over 2%.
Network Technology stocks fell, with Alibaba-W dropping 1.48% and JD-SW declining 1.25%; Building Materials stocks generally declined, with CHINA TIANRUI falling 9.09% and CONCH CEMENT down 2.79%; Hong Kong Retail Stocks rose, with BONJOUR HOLD decreasing 4.74% and PRADA increasing 2.66%.
Hong Kong Stock Midday Review | Hang Seng Index falls 0.39% while ZTE AH Stocks rise against the trend.
ZTE (00763) AH Stocks rise as high demand for computing power continues. Institutions are bullish on the company's ability to achieve a new round of growth.
Express News | The Hang Seng TECH Index and the Hang Seng Index both turned to rise, with the TECH Index having once dropped over 1% during the session; among the constituents of the TECH Index, TONGCHENGTRAVEL rose over 3%, Xiaopeng Autos rose 2.5%, and Bilibili and HU
HK Market Opens Lower, All Eyes on Fed