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Hong Kong stocks closed (04.22) | The Hang Seng Index rose by 0.78%. The pharmaceutical and Golden Industrial Concept sectors performed strongly, while XIAOMI-W (01810) rose by nearly 6%.
Hong Kong stocks opened lower today but rose in the afternoon, with all three major Indices turning to positive territory.
Hong Kong stock Autos benefited from the catalyst of the auto show, and the policy has boosted the market sentiment, leading to a continuous recovery in the automotive market.
① Hong Kong stocks in the Autos sector have strengthened due to the catalyst of the auto show; which companies have attracted investor attention? ② Policy support boosts the automotive market's prosperity this year, what Bullish performance results can be expected?
Hong Kong stocks midday review | All three major indices fell, with the Tech Index down 0.50%; however, gold and Biotechnology stocks rose against the trend, with Chifeng Jilong Gold Mining increasing by nearly 14% and Ying'en Biotechnology rising over 12
Network Technology stocks are all declining, with JD-SW down 6.61% and MEITUAN-W down 6.59%; Nonferrous Metals stocks are all rising, with CMOC Group Limited up 11.39% and SD GOLD up 10.44%; Biotechnology stocks are mixed, with INNOCARE up 11.44% and Baoan Biotechnology down 10.17%.
Hong Kong stock movement | LEAPMOTOR (09863) rises over 3% and announces the upcoming launch of the localization assembly project in Malaysia with Stellantis.
LEAPMOTOR (09863) rose over 3%, as of the time of writing, up 3.45%, priced at 46.45 HK dollars, with a transaction volume of 0.193 billion HK dollars.
Qingdao Laoshan District issues Autos consumer vouchers with a maximum subsidy of 8,000 yuan.
The Qingdao Laoshan District Commerce Bureau has announced the launch of the 2025 second quarter Autos consumption voucher distribution plan. The total government subsidy amounts to 8 million yuan (the same below), offering three tiers of subsidies for individuals purchasing new vehicles, with a maximum of 8,000 yuan in consumption vouchers. This event will set up different levels of subsidies to meet the needs of various Consumers, and is expected to boost local Autos sales growth and related Industry development.
China Passenger Vehicle Association: By the end of March, the inventory of Passenger Vehicles increased to 3.35 million units, with the inventory pressure of new energy vehicles continuing to increase significantly.
According to Cui Dongshu, the Secretary-General of the China Passenger Vehicle Market Information Joint Conference, as of the end of March 2025, the national Passenger Vehicle inventory reached 3.35 million vehicles, increasing by 0.27 million vehicles month-on-month and 0.02 million vehicles year-on-year, but decreased by 0.26 million vehicles compared to the same time two years ago.