Hong Kong stocks closed strongly! The Hang Seng Index rose 2.48 percent, Wuling Motors rose more than 20 percent, and these sectors are also high! Hundreds of billions of giants have fallen, what's going on?
Edited by: Bi Luming
Entering the Year of the Dragon, Hong Kong stocks have ushered in a big outbreak today on the basis of the strong rise in the previous two days.
As of the close, Hong Kong's Hang Seng Index closed up 2.48%, up 3.77% for the week, and the Hang Seng Tech Index rose 3.71%, up 6.89% for the week. Domestic real estate stocks, auto stocks, and technology stocks have risen, with Wuling Motors up more than 20%, Kingsoft up more than 7%, and Li Auto and Xiaomi Group up more than 5%.
Property stocks strengthened
Among them, real estate stocks are relatively strong. As of the close, China Shangcheng rose more than 16%, the World Trade Group rose more than 14%, CIFI Yongsheng Services rose more than 14%, and Logan Group rose more than 10%.
According to the Shanghai Securities News, industry insiders believe that the first three trading days of Hong Kong stocks are good, in the United States CPI data exceeded expectations, the Federal Reserve interest rate cut is not clear background, there is still a "bearish fall" trend, indicating that the annual trend is expected to be good; some market participants believe that on February 14, February 15, the turnover of Hong Kong stocks was less than 60 billion Hong Kong dollars, investors will continue to observe, and the next industry summary data will gradually dominate the Hong Kong stock market.
Under the strong promotion of the regulators, the "white list" of real estate projects is accelerating the landing. Recently, the first batch of 221 real estate projects in Hubei Province was released, with a financing demand of 71.2 billion yuan, and Anhui has pushed the first batch of 26 "white list" projects. According to public reports, up to now, 170 cities in 26 provinces across the country have pushed the first batch of real estate project "white lists" to commercial banks, involving a total of 3,218 real estate projects.
When the "white list" of real estate projects in many places was released, a number of large-scale real estate companies such as Greenland Group, CIFI Group, and Shimao Group also intensively announced that their projects were shortlisted for the "white list", such as CIFI Group, which had 18 projects selected for the financing "white list".
During the Spring Festival, new developments continued to emerge from the coordination mechanism for real estate financing in mainland cities. According to the latest disclosure of the six major state-owned banks of industry, agriculture, China, construction, communications, and postal savings, there are more than 8,000 real estate financing "whitelist" projects that they have docked.
CRO concept stocks rebounded strongly
On February 16, CRO concept stocks rebounded strongly, and "WuXi Department" rose one after another. As of the close, CANbridge-B rose 25%, WuXi Biologics rose more than 12%, Remegen rose more than 14%, and WuXi AppTec rose nearly 5%.
On the news side, WuXi AppTec previously announced that the company noticed that a U.S. congressman sent a letter to the U.S. Department of Commerce, the Treasury Department and the Department of Defense on February 12, 2024, the content of which was related to the company. The company has always welcomed regulatory oversight of its industry and has successfully passed numerous U.S. government scrutiny in the past. However, the Company strongly opposes misleading allegations, inaccurate determinations, and predetermined actions without due process against the Company. WuXi Biologics also announced that the company is not a subsidiary of Wuxi AppTec New Drug Development Co., Ltd., and the relevant statements in the letter are untrue.
CITIC Securities believes that mainland CXO companies have been deeply embedded in the global biopharmaceutical industry chain, empowering the R&D and production of new drugs around the world, achieving a win-win situation with global pharmaceutical customers and benefiting patients. The fluctuation of short-term overseas policies does not affect the long-term fundamental logic of mainland CXO companies, and WuXi Biologics is still optimistic about WuXi Biologics' position as the global CRDMO leader, and is expected to continue to maintain steady development in the future.
New energy vehicles maintain a high degree of prosperity
In addition, the relevant sectors of the Hong Kong stock automobile industry chain also rose sharply, among them, Wuling Automobile rose by more than 20%, Evergrande Automobile rose by nearly 9%, Xiaopeng Motors rose by more than 6%, and Great Wall Motors and BYD shares rose by nearly 4%.
Recently, a number of car companies announced their production and sales data in January, and on the whole, the sales of many car companies showed a continuous growth trend, and the sales growth rate of new energy vehicles was also bright. On the other hand, many automakers maintained a high level of export prosperity in January. In addition, the sales growth of new automakers is also impressive.
Among them, a total of 32,973 new cars were delivered in January by AITO, a subsidiary of Huawei Hongmeng Zhixing, an increase of 34.76% month-on-month, of which the new M7 was the sales leader, with 31,253 units delivered in January, and Li Auto delivered a total of 31,165 new cars in January 2024, a year-on-year increase of 105.8%, and the cumulative delivery volume of Li Auto since delivery reached 664529. Leapmotor delivered a total of 12,277 new vehicles in January, of which more than 23,500 units were booked for the C10, Leapmotor's first global model, which officially opened pre-sale on January 10.
According to data released by the China Passenger Car Association on February 8, retail sales in China's passenger car market reached 2.035 million units in January 2024, a year-on-year increase of 57.4% and a month-on-month decrease of 13.9%. In terms of new energy vehicles, retail sales in the new energy vehicle market in January were 668,000 units, up 101.8% year-on-year and down 29.5% month-on-month. NEV exports in January totaled 95,000 units, reflecting a 27.1% y/y increase and a 6.9% m/m decline.
According to the analysis of the Passenger Association, the auto market in January 2024 can still be said to have achieved the expected good start, with a year-on-year increase of 57.4%. However, due to the overdraft of some sales in December, which affected sales in January, the price recovery of some models in January and the reduction of sales promotions were unfavorable factors, resulting in a month-on-month decline in sales.
The 100 billion giant J&T Express plummeted
At the beginning of today's trading, J&T Express-W fell rapidly, falling more than 25% intraday.
In the past three trading days, in the context of the general rise of Hong Kong stocks, the share price of J&T Express-W fell on February 14 and February 16. Since January 31, in 11 trading days, J&T Express-W has fallen by nearly 30%.
As of the close, J&T Express-W fell nearly 13% to HK$12.04 per share. J&T Express-W was listed on the Hong Kong stock market on October 27, 2023, with an issue price of HK$12 per share, and the market value of the shares at the time of listing was about HK$105.75 billion, which was higher than that of JD Logistics, which was also in the Hong Kong stock market at that time.
In terms of news, an account nicknamed "J&T Express" on a social short video platform responded to netizens' requests to replace the message of spokesperson Messi, saying that "J&T has no shortage of resources". In this regard, J&T Express's official account on the platform, "Tutu Courier", clarified: "The information publisher is not the official account of the company, and does not represent the company's position, and the company will continue to work hard and strive to provide customers with better services." ”
On February 4, Miami International played a friendly match with the Hong Kong team at the Hong Kong Stadium, and the well-known star Messi, who attracted the attention of fans, did not appear on the court, and refused to accept the award after the game, causing dissatisfaction among fans. This incident sparked public opinion. Messi's personal image in China has also been severely damaged.
In addition, on January 26, according to the website of the State Post Bureau, recently, the Market Supervision Department of the State Post Bureau conducted an administrative interview with J&T Express Co., Ltd. on the issue of continuous use of unqualified container bags.
The interview pointed out that in the express packaging inspection and product quality sampling inspection organized by the State Post Bureau, heavy metals were detected in the container bags used by J&T Express in Shanxi, Sichuan in 2021, Tianjin, Inner Mongolia, Shandong, Qinghai and other 6 provinces (autonomous regions and municipalities) in 2022. As a headquarters enterprise, J&T Express has the problem of not fulfilling the unified management responsibility of express packaging.
The National Business Daily integrates the website of the State Post Bureau, Shanghai Securities News, and public information