Hong Kong market quick view | All three major Indexes closed higher, with active performance in tech and Brokerage stocks, Xiaomi Group rose nearly 4%, and Guolian increased by more than 9%.

Network Technology stocks increased, XIAOMI-W rose by 3.78%, KUAISHOU-W rose by 2.47%; Dining stocks performed well, HAILUNSI rose by 9.52%, JIUMAOJIU rose by 5.40%; Sporting Goods stocks also performed well, TOPSPORTS rose by 7.78%, XTEP INT'L rose by 3.35%.

Futu NewsDec 12 16:38

Fidelity International: The risk-return profile of Macau's gaming industry Bonds is attractive, and it may become a highlight in Asia's Bonds market next year.

Fidelity International's Asia Fixed Income Investment Director, Chen Yongshi, stated that with the full resumption of border crossing with the mainland, the Macau gaming industry has returned to a rising cycle since the fourth quarter of 2022, with industry profits and cash flow continuing to increase, debt levels decreasing, and fundamentals improving constantly. Credit ratings have been frequently upgraded, and next year it is expected to continue benefiting from the domestic tourism boom and aggressive debt reduction in the industry. The risk-return profile of Macau gaming industry Bonds is becoming increasingly attractive and is expected to be one of the highlights in the Asian bond market next year. Factors such as a positive industry outlook, improved financial condition, and frequently upgraded credit ratings are Bullish for the performance of Macau gaming industry Bonds. As of November 30 of this year, the average annual of Macau Bonds for five years.

AASTOCKSDec 12 15:38

Ho Iat Seng: Macau is no longer purely a gambling city. The goal is for the contribution of non-Gambling industries to reach 60% by 2028.

The Macau SAR Government made no effort to promote the development of non-gambling elements, and Macao is no longer a gambling-dominated city, with the goal of increasing the value of the non-gambling sector by around six percent by 2028, Macao's prime minister said in an interview with media such as China News Agency. The characteristics of multifaceted development are gradually manifested. The tourism industry is undoubtedly the most emblematic of this achievement. Statistics and Census Bureau of Macao data show that in 2023, more than 28 million visitors entered the year, an increase of 3.9 times year-on-year. The number grew further this year, with arrivals approaching 26 million in the first three quarters, an increase of three percent year-on-year. Ha-ichi Shengcheng Tourism Industry

AASTOCKSDec 12 09:50

Express News | Summary of Hong Kong Stock Announcements

BreakingsDec 12 08:23

The Association of Accountants signs the “Strategic Agreement for the Development of the Accounting Industry in Guangdong, Hong Kong and Macao” to promote cooperation in five areas such as information sharing

The Hong Kong Federation of Accountants issued a press release stating that yesterday (11) the Association of Registered Accountants of Guangdong Province, the Auditors Association of Hong Kong Listed Companies and the Macao Association of Accounting Professionals signed the “Strategic Agreement for the Development of the Accounting Industry in Guangdong, Hong Kong and Macau (2024)” to deepen cooperation in five aspects of the accountancy sector in Guangdong, Hong Kong and Macau Promotes high-quality development of the industry and participates in the development of “Belt and Road” construction and services in the Greater Bay Area of Guangdong, Hong Kong and Macau. The above agreement aims to achieve deep integration of the accounting industry in the three countries, promoting practical cooperation in the areas of business and professional exchanges. Collaboration content covers five broad areas, including information sharing, business collaboration, talent development, promotion

AASTOCKSDec 12 08:09

Austrian (00880.HK) subsidiary plans to acquire Shinde (00242.HK) Hengqin property to convert into a hotel, involving over 0.58 billion yuan.

SHUN TAK HOLD (00242.HK) announced that it has signed a memorandum of understanding with SJM HOLDINGS (00880.HK) subsidiary SJM Investments to sell several office units and a retail unit located in the Shun Tak Port Business Center in Hengqin New Area, Zhuhai. SJM Investments plans to transform the property into a three-star hotel, with the renovation project to be carried out by SHUN TAK. The total cash consideration for the acquisition and renovation is 0.546 billion yuan (approximately 0.584 billion HKD).

AASTOCKSDec 12 01:20