Zhenjiu has been selected for four consecutive years as one of the "Top 500 Most Valuable Brands in China," maintaining a top three position in the sauce liquor category.
On June 18, the 22nd World Brand Conference, hosted by the World Brand Lab, was held in Beijing, where the "China's 500 Most Valuable Brands" list for 2025 was released. Guizhou Zhenjiu has been included for four consecutive years, ranking third among the sauce liquor brands, demonstrating strong brand momentum. The World Brand Lab was initiated by Nobel Laureate in Economics Robert Mundell and is one of the three major brand value assessment institutions in the world. The "China's 500 Most Valuable Brands" list has been published for 22 consecutive years, based on financial.
Hong Kong stocks fluctuated | ZJLD (06979) rebounded over 4%. The liquor Sector has been under pressure recently, and Institutions state that the Commodity attributes of liquor are being rapidly redefined.
ZJLD (06979) rebounded over 4%, as of the time of writing, rising 2.18% to 6.08 HKD, with a transaction amount of 50.4404 million HKD.
Express News | ZJLD Group is promoting the warm-up of its heritage application, industry insiders say: Yao Anna will be the spokesperson.
Hong Kong stock midday review | All three major Indices fell, the Technology Index dropped by 1.05%; Network Technology stocks corrected, Kuaishou fell nearly 5%; Gold stocks rose, Zijin Mining Group increased by nearly 6%.
Network Technology stocks weakened, KUAISHOU-W fell 4.74%, Alibaba-W dropped 2.03%; biotechnology stocks generally rose, ZAI LAB increased 9.28%, BEIGENE rose 5.41%; Nonferrous Metals stocks rose across the board, Zijin Mining Group gained 5.72%, ZHAOJIN MINING increased 5.19%.
CICC: The abundance of funds in the Hong Kong stock market and the scarcity of Assets.
CICC believes that the "abundance of funds" due to excessive liquidity and the "lack of assets" with limited returns will inevitably lead to overall Index trends being difficult to find, resulting in range-bound fluctuations, while structural market trends will flourish. Currently, the overall macro and market environment in China still needs repair but has structural highlights that are more favorable for Hong Kong stocks. This is because whether it is providing stable returns through dividends, or representing the mainline of structural opportunities such as new consumption, AI Technology, or even innovative drugs, Hong Kong stocks have a greater advantage, which also explains the outperformance of the Hong Kong stock market.
In "The Big Bank", CICC lists the preferred offshore Chinese stock strategy selections (table).
CICC released a report listing the preferred offshore Chinese stock strategy, adding Guming Holdings (01364.HK) and simultaneously removing Eastern Airlines (00670.HK) and Mengniu (02319.HK): Stocks │ Target Price PetroChina (00857.HK) │ HKD 7.9 China Oilfield Services (02883.HK) │ HKD 8.9 CSC DEVELOPMENT (00830.HK) │ HKD 2.2 China Shenhua Energy (01088.HK) │ HKD 36.0 CONCH CEMENT (00914.HK) │ HKD 27.7 CIMC ENRIC (03899.
ZJLD Group Inc Announces Change in Hong Kong Representative
ZJLD (06979.HK) has appointed Wang Lianbo as the authorized representative of the company to receive legal documents and notifications in Hong Kong.
Gelonghui, ****丨ZJLD (06979.HK) announced that Mr. Wang Lianbo has been appointed as the authorized representative to receive legal documents and notifications on behalf of the company in Hong Kong, replacing Mr. Wu Guangshu, effective from June 4, 2025.
Hong Kong stocks fluctuated | ZJLD (06979) is now down more than 4%. The ban on alcohol has a limited impact on the Industry fundamentals. Morgan Stanley stated that macro factors still affect short-term sales performance.
ZJLD (06979) initially fell over 5% in early trading, and as of the time of writing, it has dropped 4.69%, reported at 6.3 HK dollars, with a transaction amount of 10.3768 million HK dollars.
Morgan Stanley Sticks to Its Buy Rating for ZJLD Group, Inc. (6979)
Morgan Stanley: Lowers ZJLD (06979) Target Price to HK$7.6 and maintains a 'Shareholding' rating.
Morgan Stanley believes that the downturn in the liquor Industry has intensified the company's recent Operation challenges.
On the first day of Meituan Flash Shopping 618, the transaction value of alcoholic beverages increased 18 times year-on-year.
MEITUAN-W (03690.HK)(MPNGY.US) subsidiary e-commerce platform MEITUAN Flash Purchase released the first day's report on the liquor category for the 618 sales event, indicating that within the first 24 hours since the major promotional activity started yesterday (the 28th), the overall transaction value of MEITUAN Flash Purchase's liquor category increased by more than 18 times year-on-year. Among them, the transaction value of Baijiu broke through 0.3 billion yuan (RMB) within the first 12 hours, growing more than 70 times compared to the same period last year. Beer, as a strong category for instant retail, had nearly 10 million bottles sold on the first day. Categories such as foreign liquor, wine, and cocktails also showed strong growth momentum, with a year-on-year increase of over three digits. In addition,
[Brokerage Focus] CITIC SEC: It is expected that in the second half of the year, the liquor industry will gradually find a bottom, while the beer sector awaits catalysts.
CITIC SEC stated that the demand for the liquor Industry has been under continued pressure this year, though the declines in sales volume, wholesale prices, and financial reports have all narrowed to some extent. The institution expects the Industry has entered a gradual bottoming stage. After leading liquor companies actively adjusted their growth rates, if demand gradually stabilizes and rebounds in the future, the Industry is likely to welcome an upward turning point. Furthermore, considering the current leading liquor companies are consistently enhancing Shareholder returns through increasing dividend rates, share buybacks, and Shareholding, this increases the investment safety margin. The institution maintains its allocation recommendation for leading liquor enterprises. Looking ahead to the beer Sector, the continued low base plus seasonal catalysts are expected to bring considerable benefits to beer companies.
ZJLD (06979.HK) was invited to attend the closed-door dinner of the 21st JPMorgan Global China Summit.
From May 22 to 23, the 21st JPMorgan Global China Summit was held in Shanghai, and ZJLD was invited to participate in the closed-door dinner of the summit.
Hong Kong market quick look | The three major stock indices closed lower, with the Hang Seng Index down 0.53% and the tech index down 0.15%; alcohol beverage and restaurant stocks rose; Kuaishou rose nearly 6% after earnings, and ALI PICTURES rose over 11
Network Technology stocks showed mixed results, KUAISHOU-W rose by 5.95%, NTES-S increased by 2.81%; most semiconductor stocks declined, BEKE fell by 5.78%, Semiconductor Manufacturing International Corporation dropped by 2.51%; automotive stocks decreased, Great Wall Motor rose by 5.21%, BYD shares fell by 2.68%.
Hong Kong market quick review | The three major stock indices all rose, with the Hang Seng Index up 0.43% and the Tech Index up 0.48%; Network Technology stocks and new consumption stocks increased, with Meituan rising over 2% after its earnings report, a
Network Technology stocks rose collectively, with MEITUAN-W up 2.09% and NTES-S up 1.53%; gold stocks weakened, with Zhufeng Gold up 6.53% and Chifeng Jilong Gold Mining down 4.97%; Digital Health stocks generally rose, with ZA ONLINE up 12.16% and ALI HEALTH up 2.50%.
Hong Kong Stock Market Afternoon Review | All three major indices fell, with the Tech Index down 0.58%; new consumption and CNI Biomedicine Index stocks rose, with Mixue Bingcheng and POP MART reaching new highs, while CSPC PHARMA rose over 4%.
Network Technology stocks showed mixed results, with JD-SW falling by 3.16% and NTES-S increasing by 2.17%; Lithium Battery stocks mostly declined, with BYD Co. down by 3.62% and BYD Electronic down by 1.85%; Alcoholic beverage stocks rose across the board, with TSINGTAO BREW up by 4.43% and PALINDA GROUP up by 4.00%.
Hong Kong market quick glance | Three major stock indices closed down, Hang Seng Index fell by 1.19%, Tech Index fell by 1.70%; Cryptos Concept stocks and newly emerging consumer stocks rose against the trend; Xiaomi fell by more than 2%.
Network Technology stocks weakened, with Baidu Group-SW down 4.01% and Bilibili-W down 3.90%; most alcoholic beverage stocks fell, with PALINDA GROUP down 20.00% and HUAYUEXPRESSWAY down 7.06%; sports goods stocks generally declined, with CHINA DONGXIANG down 3.66% and TOPSPORTS down 3.44%;
Hong Kong stock noon review | The three major indices fluctuated, with the Hang Seng Index falling by 0.55% and the Tech Index falling by 0.66%; Cryptos concept stocks strengthened, with BOYAA rising over 5%.
The three major indices of the Hong Kong stock market fell together, with the Index down 0.55%, the Concept down 0.66%, and the National Index down 0.48%. Network Technology stocks weakened, while Cryptos Concept stocks strengthened, and Gold stocks rose.
After lowering the tax rate on high-end spirits, the value of imported spirits in Hong Kong skyrocketed by nearly 60%.
The written response from the Secretary for Commerce and Economic Development, Edward Yau, regarding the query indicated that in the six and a half months following the reduction of the high-end spirits tax rate until the end of April this year, there was an increase in the quantity (measured in liters) and value of imported spirits that had been taxed, compared to the six and a half months before the tax reduction. Specifically, the quantity of spirits imported rose by more than 15%, while the value surged by nearly 60%, reflecting that the dual tax system implemented by the government effectively encourages High Stock Price spirits trade. Additionally, the business sector took the opportunity of the lowered spirits tax to hold various types of wine and spirits promotional events, during which the proportion of spirits sold clearly increased, and some merchants reduced the selling price of spirits, resulting in a positive market response.