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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%;
Express News | The price of gold jewelry has dropped to the 700s.
Hong Kong stock movement | CHOW TAI FOOK (01929) rises nearly 3% after announcing a new sustainable development blueprint, launching 100% recycled gold products in 2025.
CHOW TAI FOOK (01929) rose nearly 3%, as of the time of writing, up 2.12%, at HKD 6.74, with a transaction amount of 7.6378 million HKD.
CHOW TAI FOOK Jewelry (01929.HK) announced the "Sustainable Development 2049" blueprint, launching a series of recycled gold products next year.
CHOW TAI FOOK Jewelry (01929.HK) announces a brand new sustainable development blueprint, titled "CHOW TAI FOOK Jewelry Sustainable Development 2049". This blueprint focuses on three core pillars: environment, talent, and Industry, aiming to redefine the essence of sustainable jewelry, integrating the Concept of sustainability into every aspect of operations and production, creating a more sustainable future for the Community, while practicing the group's vision of "Leading the jewelry Industry, accompanying generations of life." The group will first launch a product line made of 100% recycled gold by 2025, with a goal of achieving net zero emissions by 2049, as part of the group's journey towards its 120th anniversary milestone.
NWS HOLDINGS (00659.HK) intends to rename itself "CHOW TAI FOOK CREATION".
On December 19, Gelonghui reported that NWS HOLDINGS (00659.HK) announced that after the Shareholder approval at the annual general meeting to change the company name, according to the Certificate of Change of Name issued by the Registrar of Companies in Bermuda on November 25, 2024, the company name has been changed from "NWS Holdings Limited" to "CTF Services Limited", and "CHOW TAI FOOK Creation Limited" has been adopted as the secondary Chinese name, effective from November 22, 2024.
Starting from January 2nd next year, the abbreviation of New Creation (00659.HK) will be changed to "CHOW TAI FOOK Creation."
NWS HOLDINGS (00659.HK) announced that starting from January 2, 2025, the English short name of the company will change from "NWS HOLDINGS" to "CTFSERVICES", while the Chinese short name will change from "NWS HOLDINGS" to "CHOW TAI FOOK GROUP", with the stock code remaining unchanged.
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