① Trump stated that Israel and Iran have completely agreed to a comprehensive ceasefire. ② Eddie Yue Wai-man expects only a few stablecoin licenses will be issued in the first phase. ③ 60% of insurance Institutions plan to increase investment in Hong Kong stocks by 2025. ④ Lei Jun: Xiaomi YU7 will be released on June 26.
Hot topics focus.
1. According to CCTV news, on June 23, local time, U.S. President Trump posted on his social media platform 'Truth Social' that Israel and Iran have completely agreed to a comprehensive ceasefire. There has been no official statement from Israel and Iran regarding this.
2. The 'Stablecoin Regulation' in Hong Kong will take effect on August 1, and the president of the Hong Kong Monetary Authority, Eddie Yue Wai-man, stated that Hong Kong has set relatively strict standards for stablecoin issuers, with high entry barriers, almost on par with electronic wallets and Bank regulations. It is expected that only a few licenses will be issued in the first phase, and the issued stablecoins will have different specific uses, such as for cross-border trade.
3. According to exclusive industry sources, recently the China Insurance Asset Management Association issued a survey report on the overseas investment of insurance funds and the situation of Hong Kong stock connect investments. The results show that 63% of institutions plan to increase their investment in Hong Kong stocks by 2025, mainly through Hong Kong stock connect.
4. Lei Jun stated on Weibo that the much-anticipated Xiaomi YU7, Xiaomi's first SUV, will officially be released at 7 PM on June 26. The new products released alongside include: the foldable phone Xiaomi Flip2, the Xiaomi Pad 7S Pro equipped with the flagship chip, and a personal smart device 'for the next era', among others.
Global Index
As for the U.S. stock market, at the close, the Dow rose by 374.96 points, an increase of 0.89%, closing at 42581.78 points; the Nasdaq rose by 183.56 points, an increase of 0.94%, closing at 19630.97 points; the S&P 500 Index rose by 57.33 points, an increase of 0.96%, closing at 6025.17 points.
Most major tech stocks rose, with Meta increasing over 2%, Microsoft and Netflix rising more than 1%, and NVIDIA, Apple, and Intel inching up slightly; Google and Amazon dipped slightly. The first publicly traded stablecoin, Circle, surged over 9%, with a cumulative rise of about 750% since its listing.
Most popular Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index up 0.85%. Sohu.com increased nearly 10%, Li Auto rose nearly 8%, New Oriental surged over 5%, Xpeng Motors and ZAI LAB climbed over 4%, Trip.com increased over 3%, YUM CHINA, and Kingsoft Cloud rose over 2%, while Full Truck Alliance and GDS Holdings increased over 1%.
In the Hong Kong stock market, as of Monday's closing, the Hang Seng Index rose 0.67%, closing at 23,689.13 points; the Technology Index rose 1.05%, closing at 5,187.01 points; the Hang Seng China Enterprises Index rose 0.82%, closing at 8,597.36 points.
In terms of market performance, stablecoins, Cars, Pharmaceuticals, and Semiconductor stocks led the way, while some new consumption Concept stocks also showed signs of recovery.
Company News
Horizon Robotics-W (09660.HK): The placement has been completed on June 16, 2025, in accordance with the terms and conditions of the placement and subscription agreement, in which a total of 0.681 billion placement shares have been successfully placed at a placement price of HKD 6.93 per share by the underwriter to no fewer than six assignees on a best effort basis.
CHINAHONGQIAO (01378.HK): It is expected that the net profit in the first half of the year may increase by 35% year-on-year, mainly due to the rise in sales prices of Aluminum products and Alumina products, as well as an increase in sales volume.
SHENZHENEXPRESS (00548.HK): Subscribing to a 1 billion yuan structured deposit product from Bank Of Communications.
TENCENT (00700.HK): Invested 0.501 billion Hong Kong dollars to repurchase 1.001 million shares, with a repurchase price of 495.2-504.0 Hong Kong dollars.
AIA (01299.HK): Invested 0.204 billion HKD to repurchase 3 million shares at a price of 66.65-68.65 HKD.
HSBC Holdings (00005.HK): Spent 43.6808 million Hong Kong dollars to repurchase 0.4768 million shares, with a repurchase price of 91.5-91.9 Hong Kong dollars.
