On Tuesday, the three major indexes of Hong Kong stocks opened higher together, with the Hang Seng Index up 0.25%, the state-owned index up 0.19%, and the Hang Seng Tech Index up 0.66%. Game stocks are strong, with CMGE up 10% and XD Inc. up more than 3%. New forces in car-making and network technology are active, and Xpeng is up 3.71%, Nio is up 1.83%, and Baidu Group is up 0.61%.

Regarding the future of Hong Kong stocks, Guotai Junan pointed out that with the increasing possibility of Trump's election in the United States, the expected volatility at the policy level will decrease. At the same time, important domestic meetings are being held and policy support measures and directions are clear. This will reduce the market's uncertainty at the molecular end. After the previous pessimistic expectations are more fully digested, the upside space of Hong Kong stocks is expected to open up. The upward trend of Hong Kong stocks is expected to continue, with large elasticity in the growth style of technology sectors.

Zhongtai International Analysis believes that the valuation of Hong Kong stocks has been repaired by more than half, but it still remains at a historically relatively low level. If the predicted PE of the Hang Seng Index can return to the high point in mid-May this year, or if the risk premium can return to the low point of 6.08%, the valuation repair space of the Hang Seng Index will be about 11.2% to 13.6%.

Liu Hongda, manager of Vanke Hushenshen Blue-Chip Fund, expressed optimism about the performance of the Hong Kong stock market in the next two quarters. In terms of industry allocation, he prefers investment opportunities in upstream raw material companies as well as dividend-paying sectors.

Important news overview of Hong Kong stocks

National News and Publication Administration: 105 domestic online games approved in July

On July 22, the State Administration of Press and Publication released information on the approval of domestic online games in July, with a total of 105 games approved.

Mortgage rates have fallen, and several banks have quickly implemented them.

According to the China Securities Journal, mortgage rates in many places have quickly declined as of the afternoon of the 22nd. "LPR has just dropped, and mortgage rates have also followed suit. In the Beijing area, the first-home loan rate is 3.4%, the second-home loan within the Fifth Ring Road is 3.6%, and outside the Fifth Ring Road is 3.8%." The credit manager of a branch of ICBC in Beijing told reporters. The credit manager of a branch of the Agricultural Bank of China in Shanghai told reporters: "The current interest rate for first-home loans is 3.4%. For the second home, the mortgage rate in the free trade zone, Jiading, Qingpu, Songjiang, and Fengxian is 3.6%, and the rate in the downtown area is 3.8%." Industry insiders believe that the decline in mortgage rates, coupled with multiple policies in the real estate sector, is expected to strengthen the effect of stabilizing the property market.

Several executives from American companies, including apple, appeared in Beijing.

According to Yu Yuan Tan Tian, in the afternoon of July 22nd, a group of U.S. corporate executives waited an hour early in the Great Hall of the People, looking forward to meeting with the Chinese side. The reporter talked to one of them, who repeatedly emphasized the importance of U.S.-China relations. According to reporters, the list of visitors includes Apple and Qualcomm executives... They are "old acquaintances" with huge business operations in China, and their itinerary this time is relatively last-minute and rushed. Just after the third plenary session, this group of American corporate executives were eager to come to China. From the fact that they are highly concerned about China's next reform direction, it can be seen that their willingness to cooperate with China has not decreased, but has strengthened. China's market is still full of attractive power.

Company news.

1) Company News

China Energy Construction (03996): The cumulative newly signed contract amount in the first half of the year was CNY 738.601 billion, an increase of 14.35% year-on-year.

Datang International Power Generation (00991): The cumulative amount of grid-connected electricity in the first six months was about 122.3973 billion kWh, an increase of about 4.43% year-on-year; the average grid-connected electricity price was 462.74 yuan, a decrease of about 4.70% year-on-year.

China Reinsurance (01508): Original premium income of Dadi Property Insurance in the first half of the year was CNY 28.094 billion, an increase of 1.19% year-on-year.

China Unicom (00762): The cumulative number of 5G package users in June reached about 0.276 billion households, and the cumulative number of Internet of Things terminals connected was about 0.562 billion households.

SF-Express (09699): The net profit for the first half of the year is expected to be no less than about CNY 55 million, an increase of about 80% year-on-year. This is mainly due to the increase in order volume compared with the same period last year, the improvement in operating efficiency, and the maintenance of good levels of gross margin and expense ratio.

China BlueChemical (03983): Net profit for the first half of the year is expected to be about CNY 0.67 billion to 0.7 billion yuan.

Fosun Tourism and Culture (01992): Group tourism operation revenue is expected to increase by no less than 8% in the first half of the year.

TVB (00511): It is expected that positive year-on-year growth in EBITDA will be achieved in the first half of the year. In the second quarter, myTV Gold paid subscribers remained stable, increasing by 4% year-on-year, while monthly active users (MAU) remained around 2 million.

Zhongzheng Intl (00943): Completed the sale of all equity interests in Hong Kong Zhongzheng City Investment Co., Ltd.

2) Shareholding and Repurchase Trends

HSBC Holdings (00005): Spent HKD 0.216 billion to repurchase 3.25 million shares at a buyback price of HKD 66.3-66.8 per share.

Meituan-W (03690): Spent approximately HKD 0.174 billion to repurchase 1.456 million shares at a buyback price of HKD 118.6-120 per share.

AIA (01299): Spent HKD 70.3021 million to repurchase 1.3038 million shares at a buyback price of HKD 53.55-54.5 per share.

Jinke Services (09666): Spent HKD 38.5956 million to repurchase 6 million shares at a buyback price of HKD 6.35-6.69 per share.

CMGE (00302): Shareholder Zhu Yihang completed the subscription of 0.1 billion shares of the company's stock, increasing the shareholding ratio to 9.68%.

This article is reprinted from "Tencent Watchlist", edited by Zhang Jiwei from ChinaTimes Financial News.