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<H Shrs>HSI Closes Surging 501 Pts w/ Record-Breaking Turnover $500B+; CN Developers, Brokers, Consumers & Techs Lead Gains
Stimulated by China's financial and property stimulus policies, Hong Kong stocks continued their upward trend. The HSI opened 543 points higher, once reaching 20,789 with its g...
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<H Shrs>HSI Closes Surging 501 Pts w/ Record-Breaking Turnover $500B+; CN Developers, Brokers, Consumers & Techs Lead Gains
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Stimulated by China's financial and property stimulus policies, Hong Kong stocks continued their upward trend. The HSI opened 543 points higher, once reaching 20,789 with its gains narrowing to 157 points in the early session. After peaking at 21,488 with a surge of 856 points at one point after midday, it closed the day up 501 points, or 2.4%, at 21,133. The HSCEI gained 209 points, or 2.9%, to close at 7,509. The HSTECH rose 298 points, or 6.7%, to close at 4,751. The total market turnover for the day amounted to a record high of $505.838 billion.

Shanghai, Guangzhou, and Shenzhen successively adjusted their purchase restriction policies on housing. Chinese developers SUNAC (01918.HK)  -0.180 (-6.593%)    Short selling $90.62M; Ratio 7.631%   and R&F PROPERTIES (02777.HK)  -0.100 (-6.098%)    Short selling $6.84M; Ratio 8.717%   skyrocketed 55% and 35%, respectively. KWG GROUP (01813.HK)  -0.015 (-3.261%)   surged 28%. CHINA JINMAO (00817.HK)  -0.080 (-6.897%)    Short selling $4.05M; Ratio 14.906%   , AGILE GROUP (03383.HK)  -0.050 (-5.682%)   , and CIFI HOLD GP (00884.HK)  -0.015 (-4.286%)    Short selling $164.54K; Ratio 1.516%   jumped up by 19%. SINO-OCEAN GP (03377.HK)  -0.015 (-4.918%)   , LONGFOR GROUP (00960.HK)  -0.740 (-6.424%)    Short selling $36.60M; Ratio 15.077%   , and CHINA VANKE (02202.HK)  -0.390 (-5.865%)    Short selling $14.68M; Ratio 6.378%   advanced over 9-13%. Building material stocks CNBM (03323.HK)  -0.080 (-2.139%)    Short selling $11.76M; Ratio 9.978%   , BBMG (02009.HK)  -0.030 (-3.529%)    Short selling $2.55M; Ratio 12.454%   , and CR BLDG MAT TEC (01313.HK)  -0.060 (-3.488%)    Short selling $1.46M; Ratio 6.943%   swelled 14-17%.

As China's stock markets thrived with record-breaking turnover, brokers outpaced the market. CGS (06881.HK)  -0.230 (-3.022%)    Short selling $35.63M; Ratio 13.672%   , CITIC SEC (06030.HK)  -0.850 (-3.656%)    Short selling $121.37M; Ratio 19.267%   , GF SEC (01776.HK)  -0.400 (-3.515%)    Short selling $10.23M; Ratio 9.423%   , and CSC (06066.HK)  -0.360 (-3.333%)    Short selling $11.59M; Ratio 7.878%   spiked 17-21%. HTSC (06886.HK)  -0.420 (-3.013%)    Short selling $8.57M; Ratio 5.732%   and CICC (03908.HK)  -0.360 (-2.493%)    Short selling $23.67M; Ratio 8.340%   hiked 13% and 11%. Chinese insurers ZA ONLINE (06060.HK)  -0.440 (-3.406%)    Short selling $10.15M; Ratio 10.367%   and NCI (01336.HK)  -0.950 (-3.704%)    Short selling $78.76M; Ratio 15.642%   ascended 20% and 13%. CHINA LIFE (02628.HK)  -0.540 (-3.462%)    Short selling $88.38M; Ratio 8.468%   and CPIC (02601.HK)  -1.150 (-4.475%)    Short selling $17.09M; Ratio 5.273%   climbed 6.3% and 4.3%. Chinese banks CCB (00939.HK)  -0.050 (-0.792%)    Short selling $235.02M; Ratio 10.591%   , ICBC (01398.HK)  -0.030 (-0.620%)    Short selling $135.85M; Ratio 14.907%   , BANK OF CHINA (03988.HK)  -0.060 (-1.542%)    Short selling $155.53M; Ratio 13.760%   , and ABC (01288.HK)  -0.060 (-1.453%)    Short selling $159.58M; Ratio 16.842%   slipped 1.5-2.7%.

Shanghai has issued a maximum personal subsidy of RMB20,000 to support the car trade-in program. XPENG-W (09868.HK)  -2.000 (-3.937%)    Short selling $252.78M; Ratio 33.911%   and LEAPMOTOR (09863.HK)  -0.200 (-0.672%)    Short selling $4.09M; Ratio 5.995%   soared 14% and 12%. LI AUTO-W (02015.HK)  -3.450 (-3.816%)    Short selling $98.32M; Ratio 13.422%   escalated 8.4%. BYD COMPANY (01211.HK)  -9.400 (-3.357%)    Short selling $489.64M; Ratio 26.608%   added 2.9%. NIO-SW (09866.HK)  -0.900 (-2.473%)    Short selling $76.80M; Ratio 49.241%   's subsidiary NIO China received a strategic investment of RMB3.3 billion for new shares, pushing its stock price up 17%.

Consumer stocks continued to rally. JIUMAOJIU (09922.HK)  -0.210 (-5.122%)    Short selling $9.72M; Ratio 3.308%   , CTG DUTY-FREE (01880.HK)  -2.250 (-3.923%)    Short selling $8.06M; Ratio 2.870%   , and XIABUXIABU (00520.HK)  -0.060 (-4.959%)   rocketed 28-34%. CHINA SOUTH AIR (01055.HK)  -0.060 (-1.399%)    Short selling $19.67M; Ratio 19.832%   hiked 19%. MNSO (09896.HK)  +0.150 (+0.314%)    Short selling $28.46M; Ratio 5.758%   , ALI PICTURES (01060.HK)  -0.005 (-1.031%)    Short selling $7.98M; Ratio 18.023%   , ZHONGSHENG HLDG (00881.HK)  -0.260 (-1.578%)    Short selling $24.14M; Ratio 25.103%   , and CHINA FEIHE (06186.HK)  -0.150 (-2.463%)    Short selling $18.63M; Ratio 11.802%   escalated 12-15%. HAIDILAO (06862.HK)  -0.300 (-1.703%)    Short selling $118.91M; Ratio 18.839%   advanced 8.7%.

Tech stocks surged. BABA-W (09988.HK)  -1.250 (-1.420%)    Short selling $755.98M; Ratio 13.298%   rose 7.3%. JD-SW (09618.HK)  -1.900 (-1.286%)    Short selling $559.95M; Ratio 23.740%   and KUAISHOU-W (01024.HK)  -0.700 (-1.466%)    Short selling $197.79M; Ratio 9.679%   swelled 9.9% and 8%. MEITUAN-W (03690.HK)  -4.200 (-2.487%)    Short selling $1.08B; Ratio 16.165%   and BIDU-SW (09888.HK)  +0.550 (+0.628%)    Short selling $75.29M; Ratio 10.559%   spiked 4.5% and 5%. XIAOMI-W (01810.HK)  +0.100 (+0.316%)    Short selling $733.16M; Ratio 16.177%   and NTES-S (09999.HK)  -1.900 (-1.254%)    Short selling $100.02M; Ratio 9.472%   grew 2.5% and 3.2%. BILIBILI-W (09626.HK)  -3.900 (-2.412%)    Short selling $103.11M; Ratio 11.895%   soared 15%. In September, China greenlighted 109 China-made online games, including TENCENT (00700.HK)  -4.000 (-0.962%)    Short selling $1.42B; Ratio 14.496%   's game "Hunt (literal translation of "狩")". TENCENT's stock price swelled 1.6%.

Other tech stocks also showed strong gains. ALI HEALTH (00241.HK)  -0.100 (-2.653%)    Short selling $55.09M; Ratio 25.740%   and EAST BUY (01797.HK)  -0.360 (-2.302%)    Short selling $12.01M; Ratio 8.496%   jumped up by 30% and 24%. SENSETIME-W (00020.HK)  -0.050 (-3.205%)    Short selling $231.51M; Ratio 19.568%   , WEIMOB INC (02013.HK)  -0.070 (-4.348%)    Short selling $6.84M; Ratio 5.874%   , and MEITU (01357.HK)  -0.100 (-2.924%)    Short selling $15.31M; Ratio 1.615%   advanced 15-18%. PA GOODDOCTOR (01833.HK)  +0.640 (+9.426%)    Short selling $66.80M; Ratio 11.927%   , XD INC (02400.HK)  -0.150 (-0.616%)    Short selling $11.54M; Ratio 11.225%   , KINGDEE INT'L (00268.HK)  -0.050 (-0.533%)    Short selling $70.69M; Ratio 17.417%   , GDS-SW (09698.HK)  -0.150 (-0.743%)    Short selling $6.26M; Ratio 31.621%   , JD HEALTH (06618.HK)  -1.100 (-3.601%)    Short selling $77.30M; Ratio 27.325%   , CHINASOFT INT'L (00354.HK)  -0.160 (-2.952%)    Short selling $7.45M; Ratio 5.488%   , CLOUD MUSIC (09899.HK)  -2.300 (-1.740%)    Short selling $1.99M; Ratio 1.562%   , SMIC (00981.HK)  -1.000 (-3.690%)    Short selling $95.99M; Ratio 8.217%   , and HUA HONG SEMI (01347.HK)  -0.550 (-2.600%)    Short selling $13.27M; Ratio 3.344%   spiked 9-13%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-12 16:25.)

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