Hong Kong Stock Movement | Cement stocks extend declines; China National Building Material (03323.HK) falls nearly 5%. Cement prices may remain in a volatile adjustment trend in the near term.

Cement stocks extended their declines in the afternoon session. As of the time of writing, China National Building Material (03323.HK) fell 4.62% to HKD 4.96; Anhui Conch Cement (00914.HK) dropped 3.46% to HKD 22.88; Western Cement (02233.HK) declined 3.26% to HKD 2.97; and CR Building Materials Technology (01313.HK) slipped 1.89% to HKD 1.56.

Zhitong FinanceDec 9 13:43

HK Stocks Concept Tracker | Traditional 'Anti-Inner-Scroll' Reshapes the Landscape; Cement Capacity Reduction Expected to Accelerate (with Related Stocks)

TF Securities: In the short term, the cement industry exhibits strong profitability support at its bottom.

Zhitong FinanceDec 4 08:12

China Jushi's Controlling Shareholder to Raise Stake By Up to 250 Million Yuan; Shares Up 6%

MT NewswiresDec 1 13:07

Jefferies predicts that market consolidation in China is inevitable, with significant growth opportunities for private enterprises.

The Jefferies research report indicates that under the '15th Five-Year Plan,' China is transitioning from an era of 'common prosperity' to one dominated by AI and high-tech manufacturing. It also suggests that this will be an era for the private economy, with significant growth opportunities embedded within. As most returns driven by price-to-earnings (P/E) ratios become a thing of the past, market consolidation is inevitable. Furthermore, it posits that China remains attractive in terms of the PEG ratio (Price/Earnings to Growth), with potential for accelerating earnings growth momentum. Jefferies continues to view China as an 'overweight' investment target, noting that this year has been one of policy stability, with multiple measures introduced to stimulate the economy. Next year's focus will be on execution, particularly under the '15th Five-Year Plan,' with emphasis on technology and manufacturing.

AASTOCKSNov 27 16:36

China National Building Material (03323.HK) was reduced by Blackrock by 5.52 million shares.

According to the latest equity disclosure data from the Stock Exchange of Hong Kong, on November 20, 2025, China National Building Material (03323.HK) was subject to a reduction of 5.52 million shares by BlackRock, Inc. at an average price of HKD 5.4758 per share in the market, involving an amount of approximately HKD 30.2264 million. After the reduction, BlackRock, Inc.'s latest long position holding decreased to 222,829,756 shares, with the proportion of long position holdings dropping from 6.14% to 5.99%.

Gelonghui FinanceNov 27 07:55

Lu Dongliang Meets with Chang Zhangli, General Manager of China National Building Material Group

Gelonghui, November 26 — According to Shanxi Release, on November 25, Lu Dongliang, Deputy Secretary of the Provincial Party Committee and Governor of Shanxi Province, met with a delegation led by Chang Zhangli, General Manager of China National Building Materials Group. Lu welcomed them to Shanxi to attend the ignition and production commencement ceremony for Line No. 2 of the Taishan Fiberglass Project. They exchanged views on deepening project cooperation and promoting the development of a new materials industrial cluster.

Gelonghui FinanceNov 26 19:50