In the first half of the year, mainland China's software industry revenue and profit increased by 11.5% and 15.7% respectively compared to the previous year.
The Ministry of Industry and Information Technology released a report on the economic running of the software business in the first half of 2024, showing that the total revenue of the domestic software business was 6.24 trillion yuan (the same below), an increase of 11.5% year-on-year; the total profit was 734.7 billion yuan, an increase of 15.7% year-on-year. The export volume of software business has turned from negative to positive, with a year-on-year increase of 0.6% to reach 25.46 billion US dollars, indicating that the domestic software business is growing steadily thanks to strong policy support and continuous expansion of market demand, and its international competitiveness is increasing.
Intraday quick overview: The gains of the three major indexes have narrowed, golden industrial concepts have strengthened, and Chinagoldintl has risen nearly 5%.
Hang Seng Index rose 0.4%, Science Index rose 0.42%, and National Index rose 0.29%; Commercial vehicle and home appliances stocks joined forces to rise, Sinotruk rose by more than 11%, and Haier Smarthome rose by nearly 5%; Famous anchor Dong Yuhui left the company, East Buy fell by more than 19%.
Xiaomi Zhizao Fund increases capital to 10 billion RMB, with Lei Jun as the chairman of the investment decision-making committee.
Kingsoft (03888.HK) announced that there will be adjustments to the Beijing Xiaomi Intelligent Manufacturing Equity Investment Fund LP program. After the adjustment, the total subscribed capital of the fund will increase from 9.03 billion yuan to 10 billion yuan, and an additional 0.97 billion yuan of subscribed capital will be contributed by some existing and new limited partners. The fund is chaired by Lei Jun, the chairman of Xiaomi Group-W (01810.HK), who serves as the investment decision-making committee chairman, and is served by Xiaomi Group as the executive partner for the specific investment operation and daily operation management. (ta/w)~
Express News | Xiaomi's smart manufacturing fund has exceeded 10 billion yuan in size.
Market Briefing: Three major indices opened low and fell, network technology and golden industrial concept stocks declined, Tencent fell more than 3%, zhaojin mining fell nearly 9%.
The Hang Seng Index fell 1.12%, the Hang Seng Technology Index fell 1.43%, and the Hang Seng China Enterprises Index fell 1.35%; the semiconductor sector fell, with HG Semiconductor falling nearly 6%; after Meitu's profit announcement, the company's stock rose nearly 9%.
Viewpoint | Hong Kong stocks are waiting for more supportive policies, and attention can be paid to the dividend and technology sectors.
With the significant improvement in sentiment from domestic and foreign investors, Hong Kong stocks have witnessed a notable rebound. However, further sustainability and upward potential depend on more solid fundamental data. During the period of economic recovery verification, a cautious but optimistic attitude is still maintained.