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Leading the Global! The Hengkang Index has entered a technical bull market, and these three factors will play a crucial role.
The rise of the Hang Seng TECH Index is based on three major aspects: bullish policies, capital support, and continuous significant breakthroughs in China's technology industry.
Fidelity increases its Shareholding in China Stocks, betting on the return of "animal spirits" and the AI craze.
Fidelity portfolio manager Taosha Wang stated that Fidelity International has increased its Shareholding in China Stocks and has given an overweight allocation. In addition to economic fundamentals and 'animal spirits,' exciting new AI tools like DeepSeek will also create opportunities.
Hong Kong Market Quick View | Hong Kong stocks pulled back, the tech index fell over 2%, while KINGDEE INT'L and SUNNY OPTICAL rose more than 3% against the trend.
Network Technology stocks fell, with KUAISHOU-W down 3.88% and SENSORY TECH down 3.39%; most Digital Health stocks declined, with DINGDANG HEALTH down 7.69% and JD HEALTH down 6.01%; multiple Photovoltaic Power stocks also dropped, with XINYI SOLAR down 7.18% and GCL TECH down 6.30%.
According to the China Automobile Dealers Association, last year, the revenue of domestic car companies exceeded 10 trillion yuan, an increase of 4%, while profits fell by 8%.
Data released by the China Passenger Vehicle Market Information Joint Conference shows that in 2024, the total revenue of the Automobile Industry will reach 10.65 trillion yuan (RMB), a year-on-year growth of 4%; costs will be 9.33 trillion yuan, a year-on-year growth of 5%; profits will be 462.3 billion yuan, a year-on-year decline of 8%; the profit margin of the Automobile Industry is 4.3%, which remains lower compared to the average profit margin of 6% for downstream industrial enterprises. In December of last year alone, the revenue of the Automobile Industry was 1.19 trillion yuan, a year-on-year growth of 13%; costs were 1.04 trillion yuan, a year-on-year growth of 15%; profits were 49.1 billion yuan, a year-on-year decline of 13.5%; the.
China Passenger Vehicle Association: The automotive market in February needs to rely on its own demand for recovery, expecting a 20% increase in annual retail sales of New energy Fund Passenger Vehicles.
The China Passenger Vehicle Market Information Joint Conference forecasts that in February 2025, there will be 19 working days nationwide, one day more than in February of last year, and that the implicit early holiday before the Spring Festival falls in January. Due to fierce market competition, most manufacturers are making efforts to resume running work after the holiday. Therefore, the market has considerable potential for recovery in February. With the gradual release of the trade-in policy in some areas, the automobile market enters a warming cycle after the holiday. Due to stronger policy subsidies during the transition period before the new policy was released in January, the automobile market in February mainly relies on its own demand for recovery. The report predicts that in February 2025, the mainland Passenger Vehicle market.
Express News | According to the Passenger Car Association: In January, the retail share of new forces was 20.8%, an increase of 5.7 percentage points year-on-year.