powerballjackpotamounttoday| Hong Kong stocks May 27 Morning Post: The net value of many Hong Kong stocks QDII funds rebounded sharply, Li Zeju responded to Cheung Kong's frequent discounts and sales of properties

Source Finance Union

Hot spot focusing

Li Qiang presided over the executive meeting of the State Council last Friday.PowerballjackpotamounttodayTo examine and approve the opinions on expanding the export of cross-border e-commerce and promoting the construction of overseas warehouses. The meeting pointed out that the development of foreign trade new business type, such as cross-border e-commerce and overseas warehouses, is conducive to promoting the optimization of foreign trade structure, stable scale, and creating new advantages in international economic cooperation. It is necessary to actively cultivate cross-border e-commerce operators, encourage local governments to support traditional foreign trade enterprises to develop cross-border e-commerce based on their unique advantages, and strengthen the training of cross-border e-commerce talents.

2. The CSRC issued the interim measures for the Administration of the reduction of shares held by shareholders of listed companies last Friday. The "measures for the Administration of shareholding reduction" requires that major shareholders shall not reduce their holdings under major illegal circumstances; major shareholders shall still comply with the requirements of shareholding reduction within six months after the transfer of their identity by agreement; major shareholders shall not sell shares in violation of regulations; major shareholders shall act in concert with each other to prevent shareholders from evading the restrictions on shareholding reduction; prevent detour reduction behaviors such as "fake divorce" of shareholders; and may order those who illegally reduce their holdings to buy back within a certain period of time and hand over the price difference.

3. The National Development and Reform Commission, the Ministry of Housing and Urban-Rural Development, the Ministry of Culture and Tourism, the State Film Administration, the State Administration of Radio, Film and Television, and the State Administration of Cultural relics jointly issued the implementation Plan for promoting the upgrading of equipment in the Field of Culture and Tourism on the 24th. The plan proposes to guide and promote the renewal of a number of facilities and equipment in the field of culture and tourism across the country by 2027, maintain sustained and steady growth in the scale of relevant investment, comprehensively improve the quality of services, and promote the high-quality development of culture and tourism.

4. Recently, the Cheung Kong Industrial Group founded by Li Ka-shing has launched three new housing projects in Hong Kong at a discount, with a price reduction of between 23% and 32%. Changshi has said to the public that the new offer is sold at a discount.PowerballjackpotamounttodayTo attract people interested in local home ownership to take advantage of the opportunity to enter the market. At the latest shareholders' meeting, Victor Li, Chairman and Managing Director of Cheung Kong Industrial Group, responded that "the pricing of real estate cannot be generalized." Pricing is determined in the light of the different conditions of each property, including its location, traffic, surrounding environment and the market environment at that time. "

5. With the recent strong rise in Hong Kong stocks, the net worth of a number of Hong Kong stock QDII funds has risen sharply. According to statistics, as of May 22, the net worth of a number of Hong Kong stock QDII funds has risen by more than 20% so far this year. In the view of a number of institutions, the current rebound in Hong Kong stocks is the result of resonance of fundamentals, capital and emotional aspects. From the valuation point of view, the current Hong Kong stocks still have a high performance-to-price ratio, the time has come for the long-term allocation of Hong Kong stocks.

6. Recently, Uber Holdings has heard the listing on the Hong Kong gem and plans to list on IPO on June 3. It has been nearly three and a half years since the last Hong Kong stock gem IPO, that is, Yucheng Logistics landed on the Hong Kong stock gem on January 13, 2021. On January 1 this year, the reform measures for the listing of Hong Kong stocks on gem officially came into effect. Industry insiders believe that the reform of the gem of the HKEx may attract more innovative small and medium-sized enterprises to list, and how to improve market liquidity remains to be further reformed.

Global market

Last Friday, the three major indexes of US stocks regained their upward trend, and as of the close, the S & P 500 index was up 0.Powerballjackpotamounttoday.7%, the NASDAQ is up 1.Powerballjackpotamounttoday.1%, the Dow Jones Industrial average rose 0.01%.

The trend of the tech giants improved significantly, with Apple up 1.66%, Microsoft up 0.74%, META up 2.67%, Google-A up 0.83% and Tesla up 3.17%.

The decline of Chinese stocks narrowed, with the Nasdaq China Golden Dragon Index falling 0.35%. Baidu fell 1.13%, pinduoduo rose 2.56%, JD.com fell 2.98%, NetEase fell 4.5%, ideal car rose 3.73%, Xiaopeng Motor rose 1.23%.

Last Friday, Hong Kong stocks continued to pull back, with all three major indexes falling. By the close, the Hang Seng Technology Index closed down 2.48%, while the Hang Seng Index and the State-owned Enterprises Index fell 1.38% and 1.44% respectively. From the perspective of market performance, automobile, real estate, medicine, Internet stocks led the decline, while power stocks rose across the board.

Company news

Xuhui Holdings Group (00884.HK): supported by the Coordination Committee to seek a comprehensive solution for offshore debt, a major milestone will be negotiated and agreed on a formal document based on the terms announced in the April announcement.

Evergrande Automobile (00708.HK): some shares were sold by a series of potential sellers such as China Evergrande and Evergrande Health.

According to the announcement, 3.145 billion potential shares for sale of Evergrande (accounting for about 29.0% of all issued shares) will be acquired immediately, and 3.203 billion potential shares for sale (accounting for about 29.5% of all issued shares) will become an option for potential buyers for a certain period of time after the date of the sale and purchase agreement. The Company will apply to the Stock Exchange for the resumption of trading in the shares of the Company on the Stock Exchange with effect from 9: 00 a.m. on 27 May 2024.

Datang New Energy (01798.HK): a total of 11.9955 million megawatt-hours of electricity was completed in the first four months, down 1.49% from the same period last year. Among them, photovoltaic power generation increased by 62.29% compared with the same period last year.

06100.HK: revenue in the first quarter was 471 million yuan, with a net loss of 13.2 million yuan, which was 72.7% lower than the same period last year.

02421.HK: net profit in the first quarter is expected to fall by about 80 per cent year-on-year.