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Hong Kong stock mid-review | All three major Indexes rose, with the Technology Index up 0.81%; technology network and Chinese brokerage stocks increased, with JD.com rising over 2%, and GUOTAI JUNAN I rising over 68%.
Network Technology stocks generally rose, JD-SW increased by 2.53%, Bilibili-W increased by 1.56%; casino and Macau Casino stocks all rose, SANDS CHINA LTD increased by 3.69%, GALAXY ENT increased by 2.79%; semiconductor stocks went up, CE HUADA TECH fell by 13.58%, and BEKE slightly dropped by 3.27%.
Hong Kong stocks are moving丨Nuclear power stocks are rising broadly, CGN POWER and CNNC INT'L both up over 2%.
On June 25, Gelonghui reported that Hong Kong's nuclear power stocks generally rose, with CGN NEW ENERGY increasing nearly 4%, CGN POWER and CNNC INT'L rising over 2%, and CGN MINING also following suit. In news, the planned construction of nuclear power plants in New York marks the first major new nuclear power project in the United States in 15 years. Analysts suggest that the restart of large nuclear power projects in the U.S. may indicate a global shift in nuclear power policy, especially in Europe and the U.S., alleviating the stagnation of nuclear power development in the post-Fukushima era. If more countries follow suit, it will be bullish for the global nuclear power Industry Chain, including Chinese companies with technology export capabilities. Additionally, there are expectations for China National Nuclear Power to expand internationally: China’s independently developed third...
CGN POWER (01816.HK) received a Shareholding increase of 17.819 million H shares from CITIC SEC - Kaiyuan Single Asset Management Plan, valued at approximately 47.452 million Hong Kong dollars.
On June 24, it was reported that according to documents disclosed by the Hong Kong Stock Exchange on June 24, CITIC SEC - Kaiyuan Single Asset Management Plan increased its shareholding of CGN POWER (01816.HK) by 17.819 million H shares at an average price of HKD 2.663 per share, valued at approximately HKD 47.452 million. After the increase, the latest number of shares held by CITIC SEC - Kaiyuan Single Asset Management Plan is 0.687 billion shares, and the good stock ratio rose from 5.99% to 6.16%. Supplementary information: 1. Table 11: Certificate of registration number not applicable, SXD783 is the China Securities Investment Fund Industry Association.
State Grid: Confident in achieving the preliminary establishment of a national unified power market this year.
Today (the 24th), the general manager of the State Grid, Pang Xiaogang, revealed at the Tianjin Summer Davos Forum that the goal is to basically establish a national unified electricity market by the end of this year, with the State Grid being a part of it. It is currently in the design phase, and once completed, it is expected to facilitate real-time cross-province Trade, which should be beneficial for the use of renewable energy. According to the "National Unified Electricity Market Development Planning Blue Book" released at the end of last year, the proposal is to initially establish a national unified electricity market this year, with full completion by 2029 and further improvement by 2035.
A heat wave is coming! The largest power grid in the United States has issued the "highest power generation alert."
PJM Interconnection has issued the "Maximum Generation Alert," requiring all available generators to run at full capacity. The company anticipates that electricity demand in the U.S. will reach 160 gigawatts on Monday afternoon, setting a record high since July 2011. Institutions forecast that the high-temperature weather across much of the Eastern U.S. will persist until the end of this month, and this heatwave has directly led to a surge in demand for energy-intensive equipment like Air Conditioners, causing electricity loads to increase.
HSBC raises the target for CGN POWER (01816.HK) to 2.9 yuan, urging to hold.
According to HSBC's research report, as part of the climate goals, China's cumulative nuclear power capacity is expected to reach 66 gigawatts and 110 gigawatts by 2025 and 2030, respectively, with 60 gigawatts in 2024. By 2030, nuclear power is expected to account for 7% of the overall energy supply, compared to 5% in 2024. Relevant departments in mainland China have approved at least 10 new nuclear reactors for construction each year since 2022, the majority of which are large-scale and utilize local technology. Small modular reactors (SMRs) are viewed as a potential method for nuclear energy expansion and technology export, making them more suitable for decentralized use in remote areas. The bank estimates that the potential...
