After the USD dropped over 1%, it rebounded, and Trump denied the report of "tariff reduction."
Reports indicate that a tariff plan studied by Trump’s aides will target all countries but only cover key imported commodities, yet Trump denied on Social Media that the tariff policy would be reduced.
The "Market Review" reports that the renminbi is weakening, the Hang Seng Index is falling, and Sunac is under selling pressure.
Due to the weakness of Network Technology stocks, Hong Kong stocks fell today. The Dow Jones and Nasdaq in the USA rose by 0.8% and 1.8% respectively last Friday. At the time of writing, the yield on the 2-year Bonds in the USA rose to 4.283%, the yield on the 10-year Bonds rose to 4.626%, and the US Dollar Index fell to 108.67. Dow futures rose by 31 points or 0.07%, and Nasdaq futures were up 0.46%. In December last year, the Caixin China Services PMI rose to 52.2, exceeding expectations, but the New Export Order Index fell below the critical point for the first time since August 2023 (a two-year low). The onshore RMB closed down 203 points to 7.3296 against the USD.
Hong Kong Market Quick Review | The three major indices of Hong Kong stocks fluctuated and closed lower; the Cryptos Concept and Nonprofit Pharmaceutical Companies rose against the trend, with BOYAA rising over 12% and Heptagon Pharmaceuticals increasing
Network Technology stocks declined, with MEITUAN-W dropping 1.95% and KUAISHOU-W falling 1.23%; most Dining stocks fell, with HAILUNSI down 4.66% and SUPER HI down 4.15%; Property Services and Management stocks weakened, with GREENTOWN SER down 3.90% and SUNAC SERVICES down 2.53%.
In January, China's Retail Trade prosperity Indices rose to 51.1 month-on-month.
The China Commercial Federation announced that in January, China's Retail Trade Prosperity Indices (CRPI) was 51.1, an increase of 0.7 percentage points month-on-month. From the industry classification, affected by traditional holidays, the indices of the three major sectors of the Retail Trade in January showed significant divergence. Among them, the Commodity Operation index was 51.8, an increase of 1.8 percentage points from the previous month; the Rental Operation index was 51.3, a decrease of 0.6 percentage points from the previous month; and the E-commerce Operation index was 49.4, a decrease of 1.1 percentage points from the previous month.
The National Radio and Television Administration: Implement the "Micro-Short Drama+" action plan to empower a hundred different industries.
To promote the integration of micro short dramas with various industries, inspire the whole society to deeply participate in the innovation and creation of internet literature and arts, and support economic and social development, the National Broadcasting - TV Administration has issued a notice titled "Implementation of the 'Micro Short Drama +' Action Plan to Empower Various Industries." This year, it will deeply organize the implementation of the "Traveling with Micro Short Dramas" creation plan, continue to advance the "Learning Law through Micro Short Dramas" and "Exploring Brands in Micro Short Dramas" creation plans, and initiate the "Learning Classics with Micro Short Dramas," "Science Popularization with Micro Short Dramas," and "Exploring Intangible Cultural Heritage in Micro Short Dramas" creation plans, aiming to launch around 300 works with leading and innovative roles in specific fields.
Bilibili-W (09626.HK) received a Shareholding of 0.3201 million shares of Other stocks from Morgan Stanley, worth approximately 46.3371 million Hong Kong dollars.
On January 3, a report stated that according to documents disclosed by the Hong Kong Stock Exchange on January 3, Morgan Stanley increased its shareholding in Bilibili-W (09626.HK) by 320,100 shares of Other stock at an average price of 144.736 HKD per share on December 30, 2024, amounting to approximately 46.3371 million HKD. After the increase, the latest number of shares held by Morgan Stanley is 16.8116 million, with the shareholding ratio rising from 4.95% to 5.05%. Additional information: The disclosure filing is in.
According to Morgan Stanley, Alibaba (09988.HK) is selling its stake in Gao Xin (06808.HK), which is expected to enhance shareholder returns by the end of the year.
Morgan Stanley released a report stating that Alibaba-W (09988.HK) has sold all its shares in Sun Art Retail Group (06808.HK), which aligns with its plan to reduce non-core Business. It is believed that this move can enhance shareholder returns by the end of the year, and the past 12 months' buybacks and dividends may represent a dividend yield of 10%. The firm gives Alibaba (BABA.US) a "market perform" rating with a Target Price of $105. The report noted that since announcing the restructuring in 2023, Alibaba has engaged in multiple sales or reductions of its Shareholding in non-core Assets, including Bilibili (09626.
Bullish news is here! The central bank and the securities regulatory commission jointly announced that the second swap convenience will be operated starting today, with an expected operation amount of no less than 50 billion yuan.
It is understood that 20 securities and Fund companies participated in the first operation, and the second operation will add more securities and Fund companies as well as five leading Insurance Institutions, with an expected second operation volume of no less than 50 billion yuan.
"Review" of the top five strongest and weakest stocks in the Hang Seng Tech Index for 2024 (Table)
The top five strongest stocks in the Hang Seng Technology Index for 2024: Stocks │ This year's price change, MEITUAN-W (01810.HK) │ +121.2% Ctrip-S (09961.HK) │ +94.5% MEITUAN-W (03690.HK) │ +85.2% SMIC (00981.HK) │ +60.1% Bilibili-W (09626.HK) │ +51.7%. The bottom five weakest stocks in the Hang Seng Technology Index for 2024: NIO-SW (09866.HK) │ -52.7% Li Auto-W (02015.HK) │ -36.1% EAST BUY (01
Bilibili-W (09626) has granted a total of 1.3744 million restricted stock units.
Bilibili-W (09626) issued an announcement that on December 27, 2024, the company will make adjustments based on the second revised...
China Galaxy Securities 2025 Media Internet strategy report: Three major logics, both offensive and defensive.
Bullish on the stability of subsequent performance foundations or on clearly restored supply sides, high cost-performance investment tracks, and flexible varieties with incremental dimensions or improved external factors.
Huajin Securities: The number of games released on Steam reached a new high this year, with premium games and IP driving the market.
The number of games released by major platforms reached a record high for the year, "Black Myth" continues to win awards, and high-quality content and IP are expected to continue to lay a solid foundation for top-quality games, empowering the development of the gaming industry.
Huajin Securities: The issuance of game approvals in December reached a record high, driven by quality content and strong IP.
HuaJin Securities released a Research Report stating that on the afternoon of December 24, the National Press and Publication Administration released the "Approval Information for Domestic Online Games in December 2024" and "Approval Information for Imported Online Games in December 2024", with a total of 135 games receiving licenses, the highest for this year.
In December, both domestic and imported game licenses were released! A total of 1416 licenses have been issued this year, the highest in the past five years.
① A total of 122 domestic games and 13 imported new games were approved today, marking the third consecutive month of simultaneous issuance of domestic and imported game licenses. Major games from Tencent and NetEase received approvals, along with several other publicly listed game companies also achieving gains. ② As of the time of writing, 1,416 new games have obtained licenses this year, the highest total in nearly five years.
CCTV interprets a more proactive fiscal policy: next year's fiscal funding will be allocated earlier, faster, and in greater amounts.
Next year, a more proactive fiscal policy will be implemented. What measures will the Ministry of Finance take? Where will the fiscal funds be focused? What impact will this have on our lives?
Sinolink Securities has initiated coverage on Maogeping (01318.HK) with a rating of "Buy" and a Target Price of 67.67 yuan.
Sinolink issued a report predicting that the net profit of the cosmetic company Mao Geping (01318.HK) will grow by 43%, 34%, and 21% respectively this year, next year, and the year after, based on the company's high-end positioning rarity, giving a target PE of 24 times and a target price of 67.67 yuan, with an investment rating of "Buy". The report noted that Mao Geping's brand ranked ninth in the high-end makeup industry in mainland China last year, being the only mainland brand in the top ten. The company's highly professional instructional videos create business barriers, with followers on Xiaohongshu, Douyin, and Bilibili (09626.HK) reaching 0.825 million, 0.62 million, and 0.91 million respectively.
Bilibili (09626.HK) disclosed 43 domestic creative works, with original animation accounting for over 25%.
According to reports from domestic media, Bilibili (09626.HK), commonly known as B Station, held a press conference for the 2024 to 2025 national animation works, revealing 43 national creations such as "Hero X" and "A Record of a Mortal's Journey to Immortality," along with "Chinese Strange Tales 2." Among these, 12 are original animations, accounting for over 25%. Bilibili's Vice Director and COO Li Ni stated last year that investments in original animation would not decrease over the next three years. According to official data, Bilibili has released a total of 642 national creation works from 2018 to now, producing 78 original animations, with users' viewing time reaching nearly 0.66 billion and total interactions exceeding 2.5.
Bilibili officially announces 43 domestic animation projects.
On December 21, according to Gelonghui, tonight, Bilibili is holding a release conference for the 2024-2025 original Chinese animation works. At the conference, Bilibili announced 43 original works. Among them, the original animation "Tuv Bian Ying X" will be launched in April next year and will be broadcast globally simultaneously. "China's Weird Tales 2" revealed for the first time nine animated shorts and announced plans for a behind-the-scenes documentary production, while the pig monster movie is also planning to be released in the summer of 2025.
Express News | The draft law to promote the private economy is submitted for review at the National People's Congress Standing Committee meeting.
The "Regulations on the Reporting of Tax-related Information by Internet Platform Enterprises" is open to public opinion.
The tax authorities will keep the obtained tax-related information confidential according to the law, establish a data security management system for tax-related information in accordance with relevant regulations, and ensure data security.