Daily Hong Kong Stock Market News Briefing (November 22, Friday)

Individual Stock News

1. Alibaba (09988.HK): Announced the establishment of Alibaba's e-commerce business group, fully integrating Taobao Tmall Group, Alibaba International Digital Commerce Group, as well as e-commerce businesses such as 1688 and Xianyu, forming a business cluster covering the entire industry chain both domestically and internationally.

2. Baidu (09888.HK) Q3 core net profit grew by 17%, exceeding expectations, with daily usage of the Wenxin large model reaching 1.5 billion.

3. CHALIECO (02068.HK) three subsidiaries collectively increased capital by 2.29 billion yuan through a capital increase.

4. Great Wall Life Insurance Co., Ltd. increased its holdings in DATANG RENEW (01798.HK) by 500,000 shares, at a price of approximately HKD 1.99 per share.

5. Beike (02423.HK) released its third-quarter results, with net revenue reaching 22.6 billion yuan and a gross profit margin of 22.7%.

6. Cathay Pacific Airways (00293.HK): In October, carried 2.0141 million passengers, an increase of 19.6% year-on-year.

7. New China Life Insurance (01336.HK) will distribute a cash dividend of 0.54 yuan per share for the 2024 semi-annual A shares on November 29.

8. COSCO SHIPPING Holdings (01919.HK): The company plans to participate as a strategic investor in the capital increase project of Anji Logistics listed on the Shanghai Stock Exchange, investing 1 billion yuan to subscribe for 75 million yuan of new capital.

9. Far East Development (00035.HK): Issued a profit warning, expecting a mid-term loss attributable to shareholders not exceeding 900 million HKD