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%.

Futu NewsDec 20 19:24

Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;

Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;

Futu NewsDec 20 16:23

IDC: Top Ten Insights into the Auto Market in China for 2025.

IDC predicts the market for 2025 based on the latest trends in the Technology industry and the recent development of the China Autos market.

Zhitong FinanceDec 20 13:38

Hong Kong stock market midday review | All three Indexes rose, Semiconductors and Tencent Related stocks strengthened, Weimob surged over 16%, Semiconductor Manufacturing International Corporation rose over 10%, and Tencent increased over 3%.

Network Technology stocks generally fell, KUAISHOU-W dropped 4.65%, Alibaba-W fell 3.32%; many Coal Industrial Concept stocks declined, SOUTHGOBI fell 8.50%, China Coal Energy dropped 5.01%; Mobile Game stocks rose, BOYAA fell 5.06%, TENCENT increased 3.08%;

Futu NewsDec 20 12:09

Daiwa's investment rating and Target Price for Network Technology (table).

Daiwa has released a research report, listing the investment ratings and target prices for Network Technology stocks as follows: Stock | Investment Rating | Target Price (HKD) Alibaba-W (09988.HK) | Buy | 140 HKD Baidu-SW (09888.HK) | Buy | 115 HKD Bilibili-W (09626.HK) | Buy | 225 HKD Full Truck Alliance (YMM.US) | Buy | 12 USD JD.com-SW (09618.HK) | Buy | 200 HKD KE Holdings-W (02423.HK) | Buy | 76 HKD

AASTOCKSDec 20 11:26

Xiaomi secures a Wuhan plot for 65.06 million yuan; the first Asia Vets smart appliance factory officially begins construction.

According to the report by "Perspective", Xiaomi Asia Vets (Wuhan) successfully acquired plot DK (2024-06) No. 02 located north of Wuhan Technology Road, east of Wangzhuang Road, and south of Liaojiawan Street for 65.06 million yuan (RMB) (same below), marking the further expansion of Xiaomi's innovative smart home appliance production base project in Wuhan. Previously, on September 30, Xiaomi Asia Vets (Wuhan) purchased the adjacent industrial land DK (2024-06) No. 01 for approximately 0.2 billion yuan, covering an area of 0.367 million square meters. According to the land use announcement, Xiaomi plans to achieve an annual production of about 6 million air conditioners at this base, reaching a peak output.

AASTOCKSDec 20 10:41