B[Hong Kong stock companies accelerate the pace of "returning to A", and hard technology assets favor the "H+A" model] October 16th, since the second half of this year, the "returning to A" of Hong Kong stock companies has continued to heat up. Liqin Resources took the lead in "returning to A" on September 30, and Zhipu, MINIMAX, Yunyinggu Technology, Jingfeng Medical, Paradigm Intelligence, etc. are also advancing the "returning to A" in an orderly manner. Industry insiders believe that "returning to A" is a rational capital operation adopted by Hong Kong stock companies based on their own structure, technological innovation attributes, profit cycle and other factors. With the improvement of the regulatory coordination mechanism between the mainland and Hong Kong and the construction of a multi-level capital market, the space for high-quality Hong Kong stocks to "go north" will be further expanded, and it is expected to obtain fairer local valuations and RMB financing channels. (Shanghai Securities News) A[Hong Kong’s Hang Seng Technology Index closed down 2.72%, with the optical communications and semiconductor sectors leading the decline] On October 15th, Hong Kong’s Hang Seng Technology Index closed down 1.03%, and the Hang Seng Technology Index fell 2.72%. Optical communications and semiconductor sectors were among the top decliners. YOFC Optical Fiber and Cable fell by more than 13%, Tianshu Smart Core fell by more than 13%, Biren Technology fell by more than 11%, Montage Technology fell by more than 11%, Haiguangxin fell by more than 8%, and Cambridge Technology It fell 8%, Huahong Grace fell nearly 8%, Zhongji InnoLight fell more than 7%, and SMIC fell nearly 4%; large model stocks fell, Zhipu fell more than 10%, MINIMAX fell more than 12%; Lenovo Group fell more than 14%. A[Hong Kong’s Hang Seng Technology Index closed down 2.89%, a new low since September 2024] On October 8, Hong Kong’s Hang Seng Technology Index closed down 1.43%; the Hang Seng Technology Index fell 2.89%, a new low since September 26, 2024. The "two heroes" of Hong Kong's large models led the decline, with MINIMAX-W falling by more than 13% and Zhipu falling by more than 7%. Semiconductor stocks fell collectively. Biren Technology fell by more than 11%, Huahong Grace fell by more than 9%, GigaDevice and Longsys fell by more than 7%, SMIC and Montage Technology fell by more than 6%, and Shanghai Fudan fell by more than 5%. Optical communications and PCB concept stocks generally fell. Haiguangxin fell by more than 13%, Guanghe Technology fell by more than 8%, YOFC Optical Fiber and Cable, Kingboard Laminated Board fell by more than 6%, and Shenghong Technology fell by 5%. B[CSOP Hang Seng Pioneer Technology Index ETF will be listed on the Hong Kong Stock Exchange tomorrow] September 24th, the CSOP Hang Seng Pioneer Technology Index ETF will be listed on the Hong Kong Stock Exchange on September 25. Pioneer Technology refers to Hong Kong-listed emerging technology companies with strong innovation capabilities and growth potential. The ETF-linked index Hang Seng Pioneer Technology Index has 30 constituent stocks, which are reviewed every quarter. The weight limit of each constituent stock is 8%. The top ten constituent stocks include UBTECH, Innosec, Horizon Robotics-W, SenseTime-W, Hesai-W, MiniMax-W, Biren Technology, Zhipu, WeRide-W and Montage Technology. Ding Chen, Chief Executive Officer of CSOP, said that the launch of CSOP Hang Seng Pioneer Technology Index ETF marks an important step in providing Hong Kong investors with efficient investment channels to participate in this dynamic and rapidly growing technology market segment. (Reporter Zhou Xiaoya) B[Hong Kong’s Hang Seng Index closed down 1.01% and the Hang Seng Technology Index fell 1.33%] On September 23, Hong Kong’s Hang Seng Index closed down 1.01% and the Hang Seng Technology Index fell 1.33%. Large model concept stocks fell, Zhipu fell by more than 12%, and MINIMAX-W fell by nearly 4%; large technology and Internet stocks generally fell, with Alibaba falling by more than 4%, Xiaomi Group falling by more than 3%, and Tencent Holdings falling by more than 2%. PCB concept stocks strengthened, with Kingboard Laminated Board rising by over 11%, Kingboard Group rising by over 5%, and Shenghong Technology rising by over 3%; Chinese real estate stocks rose, with Ronshine China rising by over 22%, and Vanke rising by 4%. B[Hong Kong’s Hang Seng Index closed up 0.18%, Tencent Holdings rose more than 5%] On September 22, Hong Kong’s Hang Seng Index closed up 0.18%, and the Hang Seng Technology Index rose 0.34%. Technology and Internet stocks strengthened, with Tencent Holdings rising by more than 5% and Tencent Music rising by more than 5%; storage and semiconductor sectors mostly rose, with Montage Technology rising by more than 8%, Tianshu Zhixin rising by more than 3%, and Aixin Yuanzhi rising by more than 2%. Large model concept stocks fell, with Zhipu falling by more than 6%, and MINIMAX-W falling by nearly 4%; PCB concept stocks had mixed trends, with Guanghe Technology rising by more than 6%, Kingboard Laminated Board falling by more than 5%, and Shenghong Technology falling by more than 3%. B[Hong Kong’s Hang Seng Index closed up 0.45%, optical communications and semiconductor sectors fell] On September 14th, Hong Kong’s Hang Seng Index closed up 0.45%, and the Hang Seng Technology Index fell 0.06%. Automobile stocks generally rose, with Guangzhou Automobile Group rising by more than 8%, Leapmotor rising by more than 4%, Chery Automobile rising by more than 3%, and Geely Auto rising by nearly 3%. The biopharmaceutical sector rose, with Lepu Biologics rising by more than 6%, WuXi AppTec rising by nearly 5%, and WuXi Biologics rising by more than 4%. Large model concept stocks fell, Zhipu fell by more than 9%, MINIMAX-W fell by more than 6%; optical communications and semiconductor sectors fell, Zhongji InnoLight fell by more than 8%, Cambridge Technology fell by more than 8%, GigaDevice fell by nearly 7%, and Huahong Grace fell by more than 4%. B[Hang Seng Technology Index closed down 1.61% and application software stocks fell sharply] On September 8, Hong Kong stocks closed down, with the Hang Seng Index falling 0.38% and the Hang Seng Technology Index falling 1.61%. Application software stocks fell sharply, with Haiqing Zhiyuan falling by more than 11%, Zhipu falling by more than 10%, Weimob Group falling by more than 6%, and MiniMax falling by more than 5%. Optical communication stocks fell collectively, with Xizhi Technology-P falling by more than 7%, Lens Technology falling by more than 4%, Sunny Optical Technology and Zhongji Innolight falling by more than 3%. Haiguangxin is rising by more than 31%. According to the news, Haiguangxin is being included in the Hong Kong Stock Connect list starting from September 7.
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