Zhitong Financial APP learned that the Hang Seng index opened up 0.1%, quickly rose more than 250 points in early trading, and has since maintained a narrow range. As of the close, the Hang Seng Index rose 242.68 points, or 0.85%, to 28801.27 points, with a full-day turnover of 205.503 billion. The index of state-owned enterprises rose 0.54% to 10646.39, while the red chip index fell 1.45% to 4048.17.

The Hang Seng Index is down 0.14% this week, with its highest point at 28946.44 and its lowest point at 28216.09.

In terms of blue chips, Macquarie issued a research report reiterating Wuxi Biologics's "outperform" rating with a target price of HK $122, saying that the company's CEO announced that it had raised its sales and profit growth guidance for the whole year from 50 per cent to 65 per cent, higher than the bank's forecast of 57 per cent. The company is expected to remain strong in the next few years, with a compound annual growth rate of 38 to 50 per cent. Citic Construction Investment also recently released a research report saying that, taking into account the high growth of the industry and the increasing competitiveness of Wuxi Biologics, the net profit of returning home in 2021-23 is expected to be 25.595936.26 / 5.078 billion yuan respectively. As of the close, Wuxi Biologics (02269) rose 9.35% to HK $132.1, with a full-day turnover of HK $4.141 billion, contributing 84 points to the Hang Seng Index, leading blue chips higher.

Other big blue chips, Xinyi Solar Energy (00968) rose 8.73% to HK $14.94, contributing Hang Seng Index 13:00; Shunyu Optics (02382) rose 6.92% to HK $228.6, contributing Hang Seng Index at 23:00; Meituan-W (03690) rose 3.66% to HK $300.6, contributing to the Hang Seng Index 80 points; HSBC Holdings (00005) fell 2.28% to HK $47.20, dragging down the Hang Seng Index 50 points.

In terms of hot sectors, according to media reports, at the China Automobile Forum held by the China Association of Automobile Manufacturers today, Fu Bingfeng, executive vice president and secretary general of the China Automobile Association, predicted that sales of new energy vehicles in China will grow at an average annual rate of more than 40% in the next five years. Fu Bingfeng also said that it is expected that in the next five to eight years, nearly 200m IV or less vehicles in use in China will face phase-out and replacement; the new car market will at least exceed 200m; and the proportion of new energy vehicles will significantly increase to 20-30 per cent. Auto stocks broke out in the afternoon. As of the close, Great Wall Motor (02333) rose 6.85% to HK $23.40; Byd Company Limited (01211) rose 4.22% to HK $232.4; Beijing Motor (01958) rose 3.03% to HK $3.06; Geely Motor (00175) rose 5.26% to HK $24.

Dongxing Securities released a research report saying that domestic enthusiasm continues, the short-term impact of the epidemic on the global textile industry chain holiday consumption season superimposed domestic enthusiasm, brand clothing home textile boom continues. Since the second quarter, the growth rate advantage of domestic sports brands compared with international brands is still obvious. The pick-up of domestic and foreign demand has led to a continuous pick-up of textile manufacturing orders, and the epidemic has affected the global textile industry chain. Textile export data show that external demand is continuing to improve. In addition, Anta Sports (02020) issued an announcement that the operating profit in the first half of 2021 is expected to increase by not less than 55%; and including the share of the loss of the joint venture company, and the profit attributable to shareholders of the company is expected to increase by not less than 110% in the first half of the year. Sporting goods stocks continued their recent strength, with many stocks hitting record highs in intraday trading. By the end of the day, China trend (03818) was up 12.17% at HK $1.29, Anta Sports was up 6.41% at HK $176, Tebu International (01368) was up 5.62% at HK $13.16, and 361 degrees (01361) was up 6.19% at HK $4.12.

Citic Construction Investment Securities Research News pointed out that in the near future, the strengthening of real estate supply chain financing supervision will, to a certain extent, increase the financing pressure of real estate enterprises. When the property market continues to heat up, the national mortgage interest rates begin to rise, which will have a certain impact on subsequent sales, and there is a greater probability of cooling on the demand side in the future. In the case of the high prosperity of the land market and the property market, it is more difficult to ease the regulation and control policy, and it is more difficult for the plate valuation to rise. The overall profit margin of the industry has been difficult to return to the high level in the past, it is expected that in the future we need to rely more on fine operation to improve development efficiency to obtain excess income, and need more projects to maintain performance growth. Inner housing stocks fell sharply in intraday trading today, and the decline narrowed slightly in late trading. As of the close, China Resources Land (01109) fell 4.36% to HK $33.70; Hokking Pacific Group (01813) fell 3.36% to HK $10.34; time China Holdings (01233) fell 3.15% to HK $8.92; Vanke (02202) fell 1.8% to HK $24.55.

As the economy recovers and inflationary pressures rise, the Fed discussed its plan to scale back asset purchases at its meeting this week, while interest rate expectations in the latest quarterly economic forecast summary (SEP) were raised, and the Federal Open Market Committee (FOMC) expects to raise interest rates twice by the end of 2023. Boosted by the Fed's hawkish interest rate expectations, the dollar index broke through the 92 mark, and international oil and gold prices fell sharply under pressure, dragging down related sectors of Hong Kong stocks. For oil stocks, COSL (02883) fell 4.9% to HK $6.79, while Sinopec (00386) fell 3.87% to HK $3.97. In terms of gold stocks, China Gold International (02099) fell 3.42% to HK $21.20, while Zijin Mining (02899) fell 1.68% to HK $9.95.

The Ministry of Education has recently set up a supervision department for out-of-school education and training, which is mainly responsible for the management of out-of-school education and training for primary and secondary school students, including kindergarten children, according to media reports. In addition, Sichuan recently issued a notice on suspending the examination and approval of the establishment of civilian-run compulsory education schools, requiring all cities (prefectures) and counties (cities and districts) to conscientiously implement the "opinion" requirement that "in principle, they shall not examine and approve the establishment of new private compulsory education schools," and unconditionally and immediately stop examining and approving the establishment of new private compulsory education schools. Education stocks continued to fall today. As of the close, Hope Education (01765) fell 6.5% to HK $1.87, Yuhua Education (06169) fell 5.88% to HK $7.04, and Wisdom Education (06068) fell 2.39% to HK $2.04.

In terms of hot stocks, Haifeng International (01308) announced that the group expects to make a consolidated net profit attributable to shareholders of about $440 million to $480 million in the six months ended June 30, 2011. a significant increase of about $320 million to $360 million over the six months ended June 30, 2020. According to the announcement, the expected increase is mainly due to the increased demand for container shipping and logistics services in the past few months of 2021 compared with the same period in 2020; and the combined impact of the overall improvement in the Group's operating efficiency and effective cost control. Daiwa issued a research report, giving Haifeng International a "buy" rating, with the target price rising by 32.4% to HK $45. As of the close, Haifeng International rose 10.55% to HK $30.9.

According to media reports, Wang Jun, president of Huawei's smart car solution BU, revealed at the 2021 China Automobile Forum that Huawei's terminal equipment will be fully upgraded to Hongmeng's operating system this year, and the overall scale is expected to exceed 200 million by the end of the year. In addition, Credit Suisse issued a research report reiterating the "outperform" rating of Sinoft International, raising its target price by 27% from HK $12.2 to HK $15.50, and raising its earnings per share forecast for 2022-23 by 2-4% to reflect higher income. It is mainly driven by Huawei and other big customers under the trend of Hongmeng and digitization. As of the close, China soft International (00354) rose 6.35% to HK $13.4.

Bi Fu Global (00327) announced that the group expects its net profit for the six months ended June 30, 2021 to increase by no less than 30 per cent from HK $386 million for the six months ended June 30, 2020. The Board is of the view that the expected net profit growth in the first half of the year is mainly due to the following factors: strong revenue growth in Europe, the Middle East and Africa, Latin America and the Commonwealth of Independent States (CIS) and the United States and Canada; and the increasing popularity of Android solutions and the company's cloud software-as-a-service platform (SaaS) around the world. This trend has spurred demand for the company's Android smart electronic payment terminals, which has greatly increased its sales. By the end of the day, Beverly Global was up 4.18% at HK $9.71.