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Guo Sizhi: The market continues to show fluctuations, but the performance is not bad.
The Vice Chairman of the Hong Kong Stocks Analysts Association, Guo Sizhi, stated that the market first fell and then rose yesterday (16th). The Hang Seng Index opened lower by 101 points to 23,791 points in the morning, and then further dropped to 23,718 points before gradually stabilizing. Since the selling pressure was not significant and the stabilizing Bids began to emerge, the entire market started to recover slowly. By around three in the afternoon, the Hang Seng Index even briefly exceeded 24,000 points, eventually rising to 24,125 points but started to face restrictions. Technically, the market fell below the 10-day line (around 23,957 points) in the morning, and even approached the 20-day line (around 23,708 points).
The Hong Kong Stock Connect saw an Outflow of 1.879 billion HKD for Xiaomi Group.
The northern funds flowing south recorded a net inflow into Meituan (03690.HK), Shandong Molong Petroleum Machinery (00568.HK), and POP MART (09992.HK), amounting to 1.115 billion HKD, 73.75 million HKD, and 70.82 million HKD respectively. The northern funds flowing south recorded a net outflow from Xiaomi Group (01810.HK) and Tencent (00700.HK), amounting to 1.879 billion HKD and 0.62 billion HKD respectively. The highest net inflow of capital through the Hong Kong Stock Connect (Shanghai) for active shares was from China Construction Bank (00939.HK) at 1.108 billion HKD, while the highest net outflow of capital was from Xiaomi Group (01810.HK) 14.
Express News | TENCENT: On June 16, repurchased 0.985 million Stocks at a repurchase price of 505 HKD - 511 HKD per share, totaling approximately 0.5 billion HKD.
On June 16, TENCENT (00700.HK) spent 0.5 billion Hong Kong dollars to repurchase 0.985 million shares.
On June 16, Gelonghui reported that TENCENT (00700.HK) announced that on June 16, 2025, it spent 0.5 billion Hong Kong dollars to repurchase 0.985 million shares, with a repurchase price of 505-511 Hong Kong dollars per share.
Goldman Sachs listed the top 10 private enterprises in China, including Tencent (00700.HK) and Alibaba (09988.HK).
Goldman Sachs published a report stating that the investment value of China's private enterprises is recovering, listing the 'Top 10 Private Enterprises' in China, all receiving a 'Buy' rating, which include Tencent (00700.HK), Alibaba-W (09988.HK), Xiaomi-W (01810.HK), BYD (01211.HK), MEITUAN-W (03690.HK), NTES-S (09999.HK), Midea (00300.HK), Hengrui Pharmaceuticals (01276.HK), Trip.com-S (09961.HK), and Anta (02020.HK). The report mentions that the above stocks
Express News | WeChat officially announced that public accounts can carry products from WeChat stores.
