Market Overview | The Hong Kong stock market continues to rise! The Hang Seng Index once returned to the 0.02 million point mark, Network Technology stocks advanced strongly, with JD.com, Meituan, and Alibaba all rising over 5%.
Futu News reported on January 20 that Hong Kong stocks opened higher and continued to rise, with the Hang Seng Index aiming for 0.02 million points, and the Hang Seng TECH Index once rising over 3%.
Breaking news! Vanke's president Zhu Jiusheng updates his social media! There were previous rumors that he was taken away by the police.
According to insiders within Vanke, on the morning of January 17, Vanke's Executive Director, President, and CEO Zhu Jiusheng updated his personal WeChat Moments.
The president has been taken away! Vanke is once again caught in the eye of the storm.
① Today, media reported that the Director, President, and CEO of CHINA VANKE, Zhu Jiusheng, has been taken away by public security authorities; ② In the market, today five domestic Bonds from CHINA VANKE were temporarily suspended due to a decline exceeding 20%; ③ Analysts believe that the fluctuation in CHINA VANKE's Bonds today may be related to the small peak of debt repayment that CHINA VANKE will face this year.
BYD's overseas strategy: Brazil is a top priority, ASEAN is the present, Europe is the future.
Morgan Stanley stated that exports remain a key pillar for BYD to achieve sales growth in 2025, until its overseas production bases are fully operational. Amid escalating geopolitical tensions in other regions, ASEAN and the Americas will become major sales markets for BYD.
Cailian Press Autos Morning Report [January 16]
① The Ministry of Commerce: This week, detailed implementation rules for new purchase subsidies for mobile phones and other digital products will be issued successively; ② Guangdong: The production of New energy Fund vehicles will grow by 43% in 2024, accounting for a quarter of the national total; ③ Chongqing Changan Automobile: It will enter the Europe market in 2025;
The American automotive industry's established brands make a strong comeback.
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