Futu Information on June 30 | the three major indexes of Hong Kong stocks fell in the afternoon, the Hang Seng Index closed down 0.62%, the Hang Seng Index closed down 1.36%, and the State-owned Enterprises Index closed down 0.36%.

By the end of the day, Hong Kong stocks were up 830, down 1077, to close flat.

On the plate side, large technology stocks fell collectively.Meituan fell more than 4 per cent, BABA and Tencent fell more than 2 per cent.

K12 Education Unit is bright all day.New Oriental Education & Technology Group online rose more than 9%, New Oriental Education & Technology Group-S rose more than 7%.

Auto stocks have narrowed their gains.Li Auto Inc. rose nearly 6%, NIO Inc. rose nearly 4%, Geely Automobile and XPeng Inc. rose, and Byd Company Limited fell 0.32%.

Sporting goods stocks roseTopsports International Holdings Limited rose by more than 4%, Anta by more than 3%, Li Ning Co. Ltd. and Bosideng International by more than 2%.

General rise in Green Power concept stocksChina's electricity rose by more than 8%, China Resources Power Holdings by more than 5%, Huaneng International, ENN Energy and Xinte Energy all rose.

Beer stocks strengthenChina Resources Beer rose by more than 4% and Tsing Tao Beer by more than 2%.

The inner housing stock continues to rise.China Overseas Land & Investment rose by more than 2%, Country Garden Holdings by 0.21%, Greentown China by more than 3% and China Vanke by more than 2%.

In other aspects, consumer stocks such as clothing and retail are active again, infrastructure stocks such as building materials and highways are showing a positive trend, and sectors such as shipping, property management, semiconductors and batteries are in a pullback.

Individual stocks$Geely Automobile (00175.HK) $Up nearly 2%.On the news side, Jidu Automobile Industry and Commerce changed on June 28th, Geely's Shanghai Huapu Automobile withdrew from the ranks of shareholders, and Baidu, Inc. 's stake in venture capital management in Dazi County rose to 100%.

$New Oriental Education & Technology Group online (01797.HK) $It's up more than 9%.On the news side, New Oriental Education & Technology Group is working hard to lay out the following aspects of business: a quality literacy education system and product system for primary and secondary school students to help children grow up in an all-round way; a learning system and consultation system for people studying abroad; various examination training and career development training systems for college students; and a software and hardware development system for wisdom education.

China Electric Power (02380.HK) $It's up more than 8%.The head of the China Electric Power Enterprises Federation said yesterday (June 28) that the overall balance of power supply and demand across the country is tight in some areas during the peak period of power consumption. From January to May, it accounts for 40.6% of the total power generation, which provides a more and more important support for the power balance of the system.

$Huabao International (00336.HK) $It's up more than 20%.Huabao International surged 23% after his performance, with the latest market capitalization of about HK $18.6 billion. Huabao International said in a notice on the Hong Kong Stock Exchange on June 28 that the group is expected to make a pre-tax profit of about Rmb407m for the five months ended May 31, 2022.

$Li Auto Inc.-W (02015.HK) $Up nearly 6%.Li Xiang, chairman of Li Auto Inc., predicted in Weibo Corp that as soon as the end of next year and no later than the end of 2024 at the latest, the sales price of the main model of medium and large SUV made by BBA will be lower than 500000 yuan.

$Shang Tang-W (00020.HK) $Down more than 40%.In response to the sharp fall in the share price of Hong Kong stock soup-W, Shangtang Technology said that today is the time for the lifting of the ban on the company's shares, and the company also issued an announcement early in the morning. Shangtang technology executives and a number of management made a voluntary ban commitment. The management is full of confidence in the long-term value and future of the Group.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $7.52 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Ministry of Commerce: fully support Hong Kong's economic development, improve people's livelihood, and fully support Hong Kong's better integration into the overall situation of national development
Shu Pingting, a press spokeswoman, said that in the 25 years since Hong Kong's return to the motherland, economic and trade exchanges and cooperation between the mainland and Hong Kong have been continuously deepened, their level has been continuously improved, and their fields have been continuously expanded. The Ministry of Commerce will continue to fully support Hong Kong's economic development, improve people's livelihood and better integrate Hong Kong into the overall situation of national development in accordance with the principle of "one country, two systems" and the basic Law. We will give full play to the role of the mainland and Hong Kong Economic and Trade Cooperation Committee, steadily promote the joint establishment of a single free trade zone among the mainland, Hong Kong and Macao, solidly promote the business sector to support Guangdong-Hong Kong-Macau Greater Bay Area's construction, and firmly support Hong Kong in building a "Belt and Road Initiative" functional platform. consolidate and enhance the status of an international financial, shipping and trade center.

Ministry of Commerce: the mainland has fully liberalized trade in goods and basically liberalized trade in services to Hong Kong.

Spokesman Shu Pingting said that in the 25 years since the reunification, we and the government of the Hong Kong Special Administrative region have actively established and improved cooperation mechanisms in the economic and trade field, and promoted the convergence of rules and mechanisms between the two places. by signing the closer Economic Partnership arrangement and its series of agreements, the mainland has fully liberalized trade in goods and basically liberalized trade in services to Hong Kong. It has also carried out rich and pragmatic cooperation in trade and investment facilitation.

Ministry of Industry and Information Technology: the added value of the electronic information manufacturing industry increased by 9.9% from January to May compared with the same period last year.

According to the Ministry of Industry and Information Technology, from January to May, the added value of China's electronic information manufacturing industry maintained growth, the growth rate of export delivery value rebounded, the efficiency of enterprises increased slightly, and investment maintained growth. In May, the added value of the above-scale electronic information manufacturing industry increased by 7.3% from a year earlier, up 2.4 percentage points from April. From January to May, the added value of the above-scale electronic information manufacturing industry increased by 9.9% compared with the same period last year, 6.6 percentage points higher than that of industrial added value in the same period, and the same growth rate as that of high-tech manufacturing industry in the same period.

Ernst & Young: global IPO volume fell 46% in the first half of the year, A-share IPO fund-raising reached a record high

Ernst & Young released a report showing that the number of IPO and the amount of funds raised fell sharply in the first half of the year, falling 46 per cent and 58 per cent respectively, hit by economic uncertainty, geopolitics and the epidemic. With 312 billion yuan of IPO, the Shanghai Stock Exchange ranks first in the world, accounting for 34% of the world's total, and the highest in the history of the same period. In the first half of the year, three of the top 10 IPO in the world were Chinese companies, and China Mobile Limited Hui A ranked the second largest IPO. In the first half of the year, a total of 20 companies listed in Hong Kong, raising HK $17.7 billion, down 56 per cent and 92 per cent compared with the same period last year.

IDC: large Model will be the New Paradigm of AI Development

According to the IDC consulting official, the landing of artificial intelligence has developed to a certain stage, and the bottleneck of a step forward is that a manufacturer often does not have enough data resources for model training, and lacks sufficient computing power, so it is difficult to land the general-purpose AI model into the enterprise scene. In the face of these challenges, industry participants have launched a number of initiatives, including automated machine learning, federated learning, and the provision of cloud computing power, among which the large model is one of the important ways to solve these challenges at this stage.

Institutional viewpoint

Bank of America Securities: reiterate$Lijin Technology (00558.HK) $"Buy" rating, target price lowered to HK $21

According to a research report released by BofA Securities, the company mentioned that the first phase of the new Shenzhen plant will be put into production in the middle of this year, which will help increase productivity by 20% to 30%, increasing the Giga Press productivity of car body die casting machines from the current 2-3 units per month to 4-5 units per month. In addition, preparations are under way for the construction of phases II and III of the plant, and a detailed timetable may be announced in due course.

Bank of America Securities: maintain$JD Health (06618.HK) $Buy rating with a target price of HK $80

According to a research report released by BofA Securities, the company announced plans to buy assets from controlling shareholder JD.com Group at a consideration of no more than $355.4 million. Target products include pet prescription drugs / prescription foods, pet nutrition, pet deworming, pet milk powder, pet mouth and eye cleaning and other pet health-related products. The company's pet health care business is supported by the parent company, which is positive for business development. The net profit before asset tax is estimated to account for about 6% of last year's adjusted pre-tax profit. It is expected that the transaction will be completed soon, or assets will be consolidated for about 4-6 months this year. The asset acquisition is expected to enrich its product line, strengthen relationships with suppliers and merchants, form a more comprehensive ecosystem and create one-stop solutions.

UBS: to$Hong Kong Exchanges and Clearing (00388.HK) $Buy rating, target price raised to HK $480

According to a research report released by UBS, HKEx's second-quarter after-tax net profit was 2.6 billion yuan, down 5% from a year earlier, as average daily turnover is expected to fall 14% from a year earlier, partly offset by investment income from rising HIBOR. In addition, the average daily transaction level has rebounded to about 150 billion yuan since June, higher than the 118 billion yuan from April to May. In addition, the IPO market has shown signs of recovery recently, and its investment income should benefit from the rise in HIBOR, providing moderate support for overall income.

Credit Suisse: maintain$Chinese Education Holdings (00839.HK) $The rating target price of "outperform the market" is HK $12

According to a research report released by Credit Suisse, the company announced that the enrollment of higher education schools in the 2022 / 23 academic year had been approved, and the total number of enrollment places increased by 32% to 78157 compared with the same period last year. Assuming that the enrollment rate exceeds 90 per cent, the increase in enrollment represents a natural increase of about 20 per cent in the company's higher education in fiscal year 2023, which is stronger than the 10 per cent previously guided by management. In addition, the number of college entrance examination students increased by 1.15 million this year, and it is believed that the role of higher education in stabilizing employment has significantly increased.