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Quick look at the Hong Kong market | All three major Indices fell, with the Hang Seng Index narrowly maintaining at 0.02 million points; the Semiconductors Sector was strong all day! Semiconductor Manufacturing International Corporation rose by over 6%.
Network Technology shares declined, with Baidu Group-SW falling by 1.41% and SenseTime-W down by 1.31%; Casinos and Gaming stocks also fell, with SANDS CHINA LTD dropping by 5.06% and GALAXY ENT down by 3.10%; most Dining stocks decreased, with HAIDILAO falling by 5.49% and SUPER HI down by 3.14%;
China Nonferrous Metals Industry Association: In November, domestic lithium carbonate prices saw a slight rebound.
The effects of the trade-in policy have become apparent, and the production and sales of Batteries and Electric Vehicles continue to grow rapidly.
Hong Kong stock market afternoon review | The three major Indexes have all fallen, with the technology Index dropping by 0.49%; the 5G Sector and Lithium Battery Sector show strength against the trend, ZTE soaring over 7%, and BYD shares rising over 2%.
Network Technology stocks fell, with Alibaba-W dropping 1.48% and JD-SW declining 1.25%; Building Materials stocks generally declined, with CHINA TIANRUI falling 9.09% and CONCH CEMENT down 2.79%; Hong Kong Retail Stocks rose, with BONJOUR HOLD decreasing 4.74% and PRADA increasing 2.66%.
Central China: Lithium Battery sales continue to grow significantly. It is recommended to keep an eye on investment opportunities in the Sector.
Combining domestic and international Industry dynamics, price trends in segmented fields, monthly sales, and Industry development trends, the overall prosperity of the Lithium Battery Industry continues to rise. In the short term, focus should remain on the price trends of upstream raw materials, monthly sales, and the implementation of Industry regulations.
Hong Kong stock Concept tracking | In the first ten months, China Shipbuilding Industry Group Power's battery companies secured 65.5% of the Global market for loaded vehicles, with the energy storage sector rising sharply (including related stocks).
Jibang Consulting: The average price of energy storage Cells continued to decline in November, and a slight increase is expected in 2025.
Zhong Chuang Xin Hang (03931.HK) intends to apply for the issuance of up to 5 billion yuan in medium-term notes.
Zhongchuang Innovation Holdings (03931.HK) announced that the board of directors has approved and decided to present to shareholders for consideration and discretionary approval to apply for the registration and issuance of debt financing instruments not exceeding 5 billion yuan in RMB to the China Association of Dealers. The issuance variety will be medium-term notes. The term of the debt financing instruments will not exceed 5 years. The raised funds will be used in accordance with relevant laws, regulations, and regulatory department requirements for replenishing working capital, repaying corporate debts, and other purposes that comply with legal and regulatory requirements.
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