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On May 9, Hong Kong stocks rose strongly, and the three major indexes rose together. Among them, the Hang Seng Index rose 1.22% to 18,537.81 points, the Hang Seng Tech Index rose 1.95% to 3,947.41 points, and the Hang Seng China Enterprises Index rose 1.61% to 6,560.67 points. The trading volume of the market reached HK$123.694 billion throughout the day, and the net selling of southbound funds was HK$4.17 billion.
In terms of concept sectors: pan-technology stocks led the gains. For example, Lenovo Group rose 8.72%, BYD Electronics rose 9.22%, Hua Hong Semiconductor rose 8.81%, Sunny Optical Technology rose 5.54%, and SMIC rose 4.71%. Pharmaceutical stocks performed strongly, with Zai Lab up 20.82%, Columbus Biotech-B up 7.58%, and China Biopharma up 5.5%. Domestic real estate stocks rose, with Shimao Group up 33.33%, Sunac China up 10%, Vanke up more than 5.37%, and Country Garden Services up 4.38%.
The positive news drove domestic property stocks to rise
On May 9, domestic real estate stocks rose together, becoming a bright spot in the market.
On the news side, Hangzhou and Xi'an have completely canceled housing purchase restrictions, igniting optimism.
On May 9, Xi'an City, Shaanxi Province issued a notice on further promoting the steady and healthy development of the real estate market. The notice mentioned that the housing purchase restrictions in Xi'an will be completely cancelled, and residents will no longer be qualified to purchase new commercial housing and second-hand housing in the city.
In addition, according to the official WeChat account of Hangzhou Housing Insurance Housing Management on May 9. On May 9, the Office of the Leading Group for the Steady and Healthy Development of the Real Estate Market in Hangzhou issued the "Notice on Optimizing and Adjusting the Regulation and Control Policies of the Real Estate Market", proposing seven measures to scientifically prepare housing development plans, optimize the supply of residential land, comprehensively cancel housing purchase restrictions, optimize notary lottery sales, strengthen housing credit support, optimize the points settlement policy, and promote the supply of high-quality housing. Among them, the "Notice" emphasizes that the purchase of housing within the scope of Hangzhou will no longer be reviewed for purchase qualifications.
Mainland property stocks rose as well. Among them, Shimao Group rose 33.33%, and its performance was particularly outstanding. Caixin Securities released a research report saying that the current real estate policy continues to exert force, and there is still room for further increase in the follow-up. With the promotion of the policy of stabilizing demand and ensuring the delivery of buildings, the property market sales are expected to show marginal improvement. Investors can focus on large real estate companies with solid fundamentals, and some leading companies are expected to usher in credit repair in the context of the continuous promotion of the real estate financing coordination mechanism.
阿里大模型评分追评GPT-4-Turbo
On May 9, Alibaba Cloud held a summit to release "Tongyi Qianwen 2.5". Analysts said that the performance of the large model has comprehensively caught up with GPT-4-Turbo and become one of the "strongest" Chinese large models. At the same time, Tongyi Qianwen's 110 billion parameter open-source model has achieved good results in multiple benchmarks, surpassing Meta's Llama-3-70B and becoming one of the most powerful models in the open source field.
On the day of the summit, the original Tongyi Qianwen APP announced that it would be renamed "Tongyi APP". It is understood that since its launch in April 2023, Tongyi Qianwen has focused on the technical research and development of the basic model, and has been upgraded from the first model to version 2.5.
Compared with the previous version, the comprehension ability, logical reasoning ability, instruction following ability, and code ability of the 2.5 version model are improved by 9%, 16%, 19%, and 10%, respectively. It is worth mentioning that its Chinese ability continues to lead the industry. According to the evaluation results of Open Compass, a widely cited benchmark in the industry, the score of "Tongyi Qianwen 2.5" is equal to GPT-4-Turbo. According to the data of this benchmark, this is the first time that a domestic large model has been rated GPT-4-Turbo.
On May 9, 2024, Alibaba-SW rose 0.85%. In the long run, from April 22 to May 9, Alibaba-SW rose by 15.14%.
Hong Kong stock ETFs may be listed in the Middle East
On May 9, Hong Kong's Deputy Financial Secretary Wong Wai-lun said at the "Hong Kong-Saudi Capital Market Forum" that Hong Kong is working with several financial institutions to launch exchange-traded funds (ETFs) tracking Hong Kong stock indexes in the Middle East, which will facilitate capital flows between Hong Kong and the Middle East.
HKEX and the Saudi Stock Exchange Group (STG) co-hosted the Hong Kong-Saudi Capital Market Forum at the Hong Kong Financial City Hall on 9 May. This is the first time that the Saudi Stock Exchange Group has held a capital markets forum overseas.
Under the theme of "Fostering Exchanges", the forum brought together more than 500 financial professionals, regulators, investors and corporations from Saudi Arabia, Chinese mainland and Hong Kong.
In his speech, the Deputy Financial Secretary of Hong Kong, Mr Michael Wong, said that the friendship between Hong Kong and the Middle East had blossomed and borne fruit after the efforts made in the early stage. In the coming months, Hong Kong will launch direct flights with Saudi Arabia, reducing the journey time between the two places to six hours. He also revealed that the Hong Kong government is considering setting up an economic and trade office in Riyadh. The forum aims to strengthen cooperation between the capital markets of Hong Kong and Saudi Arabia. Saudi Arabia has set ambitious targets for the development of its financial markets, and it is committed to building a diversified and efficient financial sector to contribute to the goals of Vision 2030.
Editor: Captain
Review: Xu Wen
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