The Scene in Huaqiangbei Amid the MLCC Price Surge: Channel Restlessness Under Structural Shortages and Mixed Fortunes Among Merchants

① Against the backdrop of major Japanese and Korean manufacturers scaling back consumer electronics capacity and shifting production to high-margin AI and automotive-grade components, a 'structural shortage'—centered on MLCC capacitors and extending to other passive electronic components such as resistors, inductors, and electromagnetic parts—has swept the market. ② Unlike the path taken by memory chips, domestic MLCC substitution is progressing incrementally, advancing step by step from consumer electronics to domestic automotive electronics, then to domestic AI servers, and ultimately into the global supply chain.

cls.cn13:20

Market Snapshot | The three major indices moved in mixed directions, with the Hang Seng Index rising 0.6% and the Hang Seng Tech Index falling 0.21%. Technology and internet stocks generally advanced, with Xiaomi up over 3% and Alibaba gaining more than 2

Tech and internet stocks rose broadly, with Xiaomi Group-W up 3.36% and NetEase down 2.73%; most lithium battery stocks declined, with CATL falling 7.92% and Tianqi Lithium down 4.20%; biotechnology stocks advanced across the board, with Pregene Biopharma-B surging 28.93% and Kelun-Biotech rising 8.74%;

Futu NewsJul 10 16:24

Foreign investors hit a record high buying A-shares! They have most recently increased holdings in these companies.

Six stocks recorded net purchases exceeding RMB 10 billion.

Gelonghui FinanceJul 10 11:53

Hong Kong Market Morning Brief | GigaDevice forecasts net profit surge of over 10x for H1; AI leaders on U.S. markets rally again overnight

① GigaDevice forecasts first-half net profit to surge more than tenfold. ② Overnight, leading U.S. AI stocks rallied collectively once again. ③ Hong Kong IPOs set a record for the largest single-day fundraising amount this year. ④ Micron raises its U.S. investment plan to $250 billion.

cls.cnJul 10 07:41

Insurance funds are increasingly appearing as cornerstone investors in Hong Kong IPOs, with subscription volumes up nearly fourfold year-on-year; information technology, consumer goods, and biopharmaceuticals are key sectors for their investments.

① As the low-interest-rate environment persists and the long-term asset allocation needs of insurance funds continue to grow, accelerating investments in cornerstone placements of Hong Kong-listed IPOs represents a strategic choice aligned with prevailing asset allocation trends. ② The Hong Kong stock market hosts a significant concentration of high-quality enterprises in sectors such as technological innovation, consumer upgrading, new energy, and biopharmaceuticals, offering insurance capital an important channel to capture long-term equity returns.

cls.cnJul 9 18:29

Trinity Group (06951.HK) closed at HK$105, up 4.7% from its IPO price.

Sanhuan Group (06951.HK) debuted on the exchange, opening at HK$100.30; it reached a high of HK$109.00 and a low of HK$100.30 during the day, closing at HK$105.00—up 4.7% from its listing price of HK$100.30. Total trading volume amounted to 17.8211 million shares, with a turnover of HK$1.809 billion. Excluding transaction fees, each board lot of 100 shares yielded an unrealized gain of HK$470.

AASTOCKSJul 9 16:15