Zhitong Hong Kong Stocks Early Insight | The State Council Information Office introduced a package of incremental policies on Tuesday, and the box office of National Day movies exceeded 2 billion yuan

[Today's Headlines]

State Council Information Office to hold press conference to introduce the implementation of a package of incremental policies

On October 6, the State Council Information Office issued an interview notice: The State Council Information Office will hold a press conference at 10:00 am on October 8, 2024 (Tuesday), with Director Zheng Zhajie and Deputy Directors Liu Sushe, Zhao Chenxin, Li Chunlin, and Zheng Bei to introduce the "implementation of a package of incremental policies to solidly promote the improvement of the economic structure and the continuous improvement of the development situation," and answer questions from reporters.

Dai Kang, Chief Asset Research Officer of the Development Research Center of GF Securities, stated that currently, dormant accounts of domestic securities firms have been awakened. Those born in the 1960s, 1970s, and 1980s who were previously trapped in the stock market or have long ignored the stock market are now entering the market to add funds. It is expected that they may become the main force of incremental funds after the holiday. Private equity funds have already increased their positions.

[Market Outlook]

At the close of the US stock market last Friday, the Dow rose by 341.16 points, or 0.81%, to 42,352.75 points; the Nasdaq rose by 216.19 points, or 1.21%, to 18,134.67 points; and the S&P 500 rose by 51.13 points, or 0.90%, to 5,751.07 points. The Nasdaq Golden Dragon China Index closed up by 3.05% at 8093.70 points, marking the first time above the 8000-point psychological barrier since February 1, 2023, with a cumulative increase of 11.85% last week and 36.77% since the closing on September 23. Leading tech stocks and popular Chinese concept stocks rose across the board, with AMD (AMD.US) up by about 5%, Tesla (TSLA.US) up by nearly 4%, Miniso (MNSO.US) up by 8.65%, and JD.com (JD.US) up by over 5%.

[Hot Topics Preview]

Edward Yau: Hong Kong to introduce a new batch of key enterprises

Edward Yau, Financial Secretary of the Hong Kong Special Administrative Region Government, stated in a blog post on the 6th that next month, the Office for the Introduction of Key Enterprises by the SAR Government will announce a new batch of key enterprises, involving more than ten companies, with over half of them coming from the fields of artificial intelligence and big data, from mainland China, the United States, Europe, and other regions, some of which are leading companies in their respective fields.

Edward Yau: Hong Kong's market value rises to HKD 39.4 trillion, expecting many companies to accelerate their listing process in Hong Kong

On October 6, Financial Secretary Edward Yau of the Hong Kong Special Administrative Region Government published a blog post on the SAR Government website, stating that as the fourth quarter of 2024 begins, the overall market sentiment has significantly improved, with the Hang Seng Index reaching a high point of about two and a half years, accumulating an increase of over 5600 points in the past 15 trading days, a 33% increase. The average daily turnover from September to this Friday was about HKD 192 billion, double the average daily turnover in August. Hong Kong's market value has also risen to HKD 39.4 trillion.

Some investment products with a high proportion of Hong Kong stocks have also performed well. For example, in the case of Mandatory Provident Fund investments, a research institution report pointed out that the outstanding performance of Hong Kong stocks in September resulted in an overall return of over 7% for the third quarter, the best quarterly performance in nearly two years. It can be expected that the improvement in market conditions and investors' optimistic outlook will accelerate the listing process in Hong Kong for many companies, including many innovative technology enterprises; At the same time, it will also facilitate more companies to establish themselves in Hong Kong.

Box office for National Day holiday in 2024 breaks 2 billion RMB

According to data from online platforms, as of 7:30 pm on October 6th, the total box office for the 2024 National Day holiday period has exceeded 2 billion RMB, reaching approximately 20.8 billion RMB. The top three films at the box office are "Volunteers: Battle for Survival," "Road of Fire," and "Panda Plan."

Minsheng Securities: Daily account opening applications during National Day increase fourfold, inquiries about account and password reset triple

On October 6th, it was learned from the relevant person in charge of Minsheng Securities that, "During the National Day holiday, investors' enthusiasm for opening accounts is high, and Minsheng Securities has also experienced a surge in account openings, with daily account opening applications increasing fourfold compared to normal days. Customer inquiry volume has doubled, with many long-silent customers calling to inquire about their accounts and reset passwords, leading to an increase of over three times in related business inquiries." According to the source, "Post-90s and post-00s have become the main force in opening accounts in this market trend. According to internal statistics of the company, post-90s and post-00s account for over half of the new clients recently opened. They have swiftly entered the market and evolved into a new force in the asset market, gradually becoming an indispensable part of the market."

Facing the surge in business volume during the long holiday, the customer service center of Minsheng Securities responded rapidly according to the company's deployment, fully prepared. The entire customer service center gave up their "Golden Week" holiday to work on the front line, ensuring that tasks such as witnessing, follow-up, and consultation proceed orderly with the most professional attitude and highest quality service, providing support for new investors to smoothly enter the market after the holiday. At the same time, with the use of the company's financial technology, the customer service center of Minsheng Securities has also been fully upgraded, supporting 24/7 account opening, online services, and providing account opening support and answering questions for investors around the clock. Involving the Chinese brokerage sector.

During National Day, the number of second-hand house viewings in Beijing significantly increased compared to the same period last year

Affected by Beijing's adjustment of the real estate purchase restriction policy on September 30th, during this National Day holiday, the number of second-hand house viewings and transactions in Beijing saw a significant increase. The latest data released by the Ministry of Housing and Urban-Rural Development shows that due to the impact of the new real estate policies, the number of house viewings and visits reflecting the willingness to purchase second-hand houses in Beijing has increased significantly. From October 1st to 3rd noon, the number of viewings of second-hand houses in Beijing increased by 104.1% compared to the same period last year.

Japanese media: "Temu" from China sweeping the world

According to Nikkei News, the cross-border e-commerce platform "Temu" from China is sweeping the world. The number of users is rapidly catching up with the American e-commerce giant Amazon. Statistics show that in August, the number of users of Temu's application has reached 91% of Amazon's user base, and it is expected to surpass Amazon by the end of the year. In Europe, out of 30 countries, 28 countries prefer Temu over Amazon. Involving the e-commerce sector.

Hong Kong real estate developer Sun Hung Kai Properties sells 204 residential units at a discounted price in one day

After offering discounts to boost sales, Hong Kong's largest property developer, Sun Hung Kai Properties, sold over 200 residential units in one day. According to the developer's representative, all 204 available units at the Tianshi·Tian project in the former Kai Tak Airport area of Hong Kong were sold on Saturday. The average selling price after discounts for the first phase of Tianshi·Tian was about 20% lower than the prices of nearby new projects Nature Official Website Headline: Chinese Scholars Publish First Universal CAR-T Therapy Results Internationally

Chinese scholars' research on CAR-T cell therapy made it to the headline of Nature's official website. On October 5th, it was noted that the headline article on Nature's official website was titled "World-first therapy using donor cells sends autoimmune diseases into remission". It introduced a research achievement from a Chinese team published in the journal Cell, with the article being published on October 4th, 2024, local time.

The paper reported by Nature was published online in Cell on July 16th, 2024, Beijing time. It was led by Professor Xu Hujie from the Second Affiliated Hospital of Naval Medical University, with researchers from East China Normal University and the Second Affiliated Hospital of Zhejiang University School of Medicine collaborating. They used CRISPR-Cas9 gene editing technology to genetically modify CD19-targeted CAR-T cells from healthy donor sources, developing a new generation of allogeneic universal CAR-T therapy that helped three patients with rheumatic autoimmune diseases achieve long-term remission. Nature wrote in the article, "The success of this therapy in three individuals brings hope for large-scale production of cutting-edge CAR-T therapy."

GAC (02238) Launches First Pure Electric SUV Model in Qatar

On October 6th, according to GAC International, the Ean brand and AlON Y Plus product launch event was held at the GAC showroom in Doha, officially launching the new energy vehicle model AION Y Plus. At the event, Marco Melani, Regional President of the Automotive Business Sector of Al-Futtaim Group, stated, "In the future, we will further expand our lineup of electrified products and accelerate the launch of new energy vehicle models such as Haobo HT, Haobo GT, and Haobo SSR."

[Stock Highlights]

Sinovac Biotech (06660): Iterative Serum-Free Rabies Vaccine Phase III Clinical Data Unblinding Meets Clinical Preset Goals with Good Immunogenicity and Safety

According to the Intelligent Financial News App, Sinovac Biotech (06660) announced that the group recently received a notification from the China National Institutes for Food and Drug Control regarding the serum-free iterative rabies vaccine Phase III clinical trial serum antibody test results. As of now, the group has completed the unblinding and statistical analysis of the serum-free iterative rabies vaccine Phase III clinical trial data. The research results show that the serum-free iterative rabies vaccine developed by the group has good immunogenicity and good safety, meeting the clinical preset goals.

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