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Express News | Shenzhen United Winners Laser Co., Ltd: Provides equipment for Contemporary Amperex Technology's Solid State Battery production line.
The Hang Seng Index rose 292 points, with domestic banks and insurers leading the gains, and China Life increasing by over 4%.
In June, the one-year and five-year LPR in Mainland China remained unchanged as expected. U.S. President Trump stated that a decision on whether to attack Iran would be made within two weeks. U.S. stock index futures rebounded, and Hong Kong stocks rose. The Hang Seng Index opened 53 points higher, and the gains expanded, reaching an increase of 300 points to 23,538 points. It ultimately rose by 292 points, or 1.3%, closing at 23,530 points; the Hang Seng China Enterprises Index rose by 116 points, or 1.4%, closing at 8,527 points; the Hang Seng TECH Index rose by 44 points, or 0.8%, closing at 5,133 points. The total market turnover for the day was 222.423 billion yuan. The market anticipates that Mainland China may independently lower the five-year LPR in the second half of the year, affecting China Mainland Banking with ICBC (01398).
Express News | Contemporary Amperex Technology and Tianqi Lithium Corporation established a water company.
Foreign car companies are gradually being marginalized in China; concerns arise that the price war may continue to evolve.
The prospects for foreign Cars manufacturers in China remain bleak. According to a new study by consulting firm AlixPartners, by 2030, the market share of domestic brands in the domestic market will rise to 76%, while the market shares of Japanese, European, and American Cars brands will continue to shrink.
Express News | In the first half of this year, the top ten global IPO financing amounts were dominated by the Hong Kong Stock Exchange, which occupied four positions, with Contemporary Amperex Technology ranking first.
Market Chatter: Deloitte Lifts 2025 Forecast for Hong Kong IPOs to HK$200 Billion
