Futu Information on September 23 | the Hang Seng Index closed down 1.18% today, the National Index fell 1.32%, and the Hang Seng Technology Index fell 2.29%.

By the end of the day, Hong Kong stocks were up 486, down 1383 to close flat at 1042.

The specific industry performance is shown below:

On the plate side, large technology stocks generally fell.JD.com and BABA fell by more than 3%, while Tencent, Meituan and XIAOMI all fell by more than 2%.

The green electricity sector continued to decline, while the coal sector plummeted, while biotech stocks, Apple Inc concept stocks, Tesla, Inc. concept stocks and home appliance stocks fell one after another, while Gao Wei Electronics fell more than 10% in late trading.

On the other hand, the agency said that Chinese telecommunications stocks benefited from China's digital transformation, telecom stocks maintained a rising trend throughout the day, the National Day holiday was approaching, tourism and tourism stocks strengthened significantly, while oil stocks and bank stocks rose.

Individual stocks$TRIP.COM-S (09961.HK)$It rose more than 5%, turned a loss into a profit in the second quarter, and was rated "buy" by Daiwa, with the target price rising to HK $275. Fu Rui also raised the target price of Trip.com to RMB260.

$CHINA TELECOM (00728.HK)$Up nearly 4%, Daihang said Chinese telecom stocks will benefit from China's digital transformation.

New special energy (01799.HK) $fell nearly 13%, domestic silicon production is expected to increase 20% month-on-month in September, the agency expects the price of the industrial chain may begin to decline.

Yanzhou Mining Energy (01171.HK) $fell nearly 8% after the European Union announced that it would relax restrictions on Russian coal.

SITC International Holdings (01308.HK) $fell more than 4% led shipping stocks lower, Asian exports to the United States container shipments fell for the first time in 26 months.

The $09919.HK group rose more than 5% in late trading, and the company recently hosted the Louis Vuitton spring / summer 2023 men's wear show.

Hong Kong stock exchange fund

As for Hong Kong Stock Connect, there was a net inflow of HK $2.814 billion from Hong Kong Stock Connect (southbound) today.

Today's turnover of Hong Kong shares TOP20

Message surface

Bancassurance Regulatory Commission: this year, the amount of deferred principal and interest service for small and medium-sized enterprises has exceeded 4 trillion yuan.

According to 21 Finance, the person in charge of the relevant departments of the CBIC said that we should guide banking institutions to further implement the policy of deferred principal and interest service, take the initiative to follow up and understand the financing needs of small and medium-sized enterprises, individual industrial and commercial households, and truck drivers, and provide timely services such as deferred principal and interest service and loan renewal for those who meet the conditions, and strive to "delay as much as possible" to effectively alleviate the liquidity difficulties of enterprises. Since the beginning of this year, the amount of deferred principal and interest service for small and medium-sized enterprises, individual industrial and commercial households and truck drivers has exceeded 4 trillion yuan.

SASAC holds the promotion meeting of carbon peak carbon neutralization work of central enterprises

On September 21, SASAC held a central enterprise carbon neutralization work promotion meeting in the form of video to make arrangements for actively and steadily promoting carbon neutralization work. The meeting demanded that all central enterprises deeply understand the great significance of doing a good job in carbon neutralization, fully, accurately and comprehensively implement the new development concept, and promote the key work of carbon neutralization in a strong and orderly manner. The meeting stressed that all central enterprises should, in accordance with the requirements of the State-owned assets Supervision and Administration Commission, formulate a carbon peak action plan scientifically and rationally and with "one enterprise, one policy", strive to promote the transformation and upgrading of the industrial structure, adjust and optimize the energy structure, strengthen the innovation and application of green and low-carbon science and technology, and promote synergy and efficiency in pollution reduction and carbon reduction; strengthen organizational leadership, consolidate work responsibilities, do a good job in organization and implementation, ensure results, and play a leading role of central enterprises.

China Automobile Association: the top 10 car manufacturers sold a total of 4.399 million vehicles from January to August.

According to the statistics of the China Association of Automobile Manufacturers, from January to August 2022, the top 10 car manufacturers sold a total of 4.399 million vehicles, accounting for 63.2% of the total car sales. In the top 10 car manufacturers, compared with the same period last year, FAW Toyota sales showed a rapid decline, FAW Volkswagen, Dongfeng limited slightly, other enterprises showed growth, of which BYD growth rate is the most obvious.

Guangdong Securities Regulatory Bureau held a symposium on relief of listed companies in its jurisdiction.

Recently, the Guangdong Securities Regulatory Bureau and the Guangdong listed companies Association held a research forum on helping listed companies to rescue enterprises in their jurisdiction to understand the implementation of a package of policies and measures to stabilize the economy in the area, and listen to relevant opinions and suggestions of listed companies. The relevant responsible persons of 17 industry representative listed companies in the area attended the meeting. At the meeting, representatives of research enterprises had an in-depth exchange on the production and operation of enterprises since the beginning of this year, the implementation effect of policies and measures to stabilize the economy, and the main difficulties currently faced. Enterprise representatives generally said that the CPC Central Committee, the State Council, the CSRC, and local government departments have issued a series of policies and measures to stabilize enterprises and rescue enterprises, which are highly targeted and effective, and play an important role in stabilizing expectations, boosting confidence, speeding up recovery, and promoting development of listed companies. At the same time, enterprise representatives put forward a number of opinions and suggestions on further giving full play to the function of the capital market in supporting the development of the real economy and enhancing the effectiveness of the policy of helping enterprises to alleviate hardship.

Institutional viewpoint

HSBC Research: up-regulation$TENCENT (00700.HK)$The target price is HK $500, reiterating the buy rating.

HSBC released a research report pointing out that the growth of short video users has slowed down, but there is still room for monetization, and Tencent's video account is expected to generate 41 billion yuan in advertising revenue in 2024. The bank is bullish on Tencent and BABA, both of whom have buy ratings. The bank expects pressure on traditional ecommerce platforms to ease as user growth and the time it takes have almost reached their limits. Monetization opportunities for video accounts are expected to be difficult to materialize in the next year or two, but will improve investor sentiment and help its long-term growth and profitability, raising Tencent's target price from HK $495 to HK $500, the report said. In addition, the bank also believes that although BABA's market share in the mainland GMV may not stop losing in the next two years, the range will narrow, so it will bring potential upside space to maintain the target price of US $145 for Ali US stocks.

UBS: the new car G9 has no obvious competitive advantage compared with the same industry.$XPENG-W (09868.HK)$Neutral rating.

UBS said in a report that XPeng Inc. officially launched the medium and large SUV G9, which is expected to start delivery in late October, with a price range of 300000 to 350000 yuan, but the bank noted that the high-end version, which is fully equipped with NGP, music cockpit and 4C fast charging, sells for as much as 460000 yuan, or has to choose an optional package for additional payment. The bank's reference can be understood as a compromise between the company's price competitiveness and potential profits, but in spite of this, compared with the peer model, the XPeng Inc. G9 does not have an obvious competitive advantage. The bank pointed out that XPeng Inc. 's current valuation is expected to be 1.1 times and 0.8 times of enterprise value to income this year and next year, respectively. If the competition escalates further, it believes that there are some downside risks in valuation. Based on the G9 specifications and pricing, the bank believes that monthly sales will be limited to 5000 vehicles in the near future, and that XPeng Inc. still faces some basic challenges in terms of sales and profit margin prospects, and maintains a neutral rating on XPeng Inc..

HSBC Research: up-regulation$NIO-SW (09866.HK)$Target price to HK $222, rating buy.

HSBC Research released a report that slightly raised the target price of NIO Inc. from HK $221 to HK $2222. The report expects NIO Inc. 's monthly delivery to increase from the fourth quarter, due to strong order performance for three new models (ET5/ET7/ES7) and easing supply bottlenecks. The bank raised NIO Inc. 's net profit forecasts for next year and the year after next by 7 per cent and 1 per cent respectively, as production is expected to increase on the back of a strong product cycle that began in the second half of this year, and given that higher production brings better economies of scale, gross profit margins are expected to rise slightly next year. As for this year's net profit, the reduction of 9% is mainly due to lower sales expectations this year due to longer-than-expected disruption in the supply chain in the third quarter. The bank's profit forecast for NIO Inc. from this year to the year after next is 17 per cent higher than the market consensus on average.

Star Show: maintenance$SUNNY OPTICAL (02382.HK)$"Buy" rating, target price of HK $144.2.

According to a research report released by DBS, Sunny Optical's "buy" rating is maintained with a target price of HK $144.2. Recently, the stock price has fallen and reached a nearly three-year low. It is believed that the decline in its share price is mainly due to the weakening of market sentiment caused by the market focus on the allocation "downgrade". It is expected that the stock price will continue to fluctuate in the short term.