Guotong Finance APP learned that heavy equipment stocks rose. As of the time of publication, Zoomlion (01157) rose by 3.96% to HK$5.51; Sany Int'l (00631) rose by 3.73% to HK$5.28; Lonking (03339) rose by 1.34% to HK$1.51; First Tractor (00038) rose by 1.3% to HK$7.03.

On the news front, according to market reports, domestic excavator sales in September increased by nearly 20% year-on-year, with domestic sales achieving double-digit positive growth for six consecutive months, but foreign sales data were slightly colder in late autumn, with sales in September basically flat compared to the same period last year. Industry insiders in the construction machinery industry chain stated that domestic earthmoving machinery demand is showing a bottoming out and recovery trend, driven by factors such as cost reduction and efficiency improvement, smoothing out the industry's cyclical fluctuations in the first three quarters of this year.

Haitong International released research reports stating that on October 12, Minister of Finance lan foan pointed out the plan to substantially increase the debt limit at one time to replace the hidden debts of local governments, intensify efforts to support local debt risk resolution, and detailed explanation of relevant policies will be provided to the public after fulfilling the statutory procedures. With the gradual implementation of subsequent policies, infrastructure and real estate sectors are expected to gradually recover, boosting the marginal improvement in excavator demand.