The Hang Seng Index fell 2.91% to 26527.06 points, the Hang Seng Technology Index fell 5.7% to 6854.11 points, and the Hang Seng China Enterprises Index fell 3.66% to 9479.15 points, with a turnover of HK $129.4 billion.

Plate aspectLarge-scale science and Internet stocks plummeted across the board! Tencent fell 6.5%, share price fell below HK $500,000, Meituan fell 7.69%, Bilibili Inc. fell nearly 12%, BABA fell nearly 5%, NetEase, Inc fell 13%, Kuaishou Technology fell more than 9%, JD.com fell more than 6%. Tencent was ordered to remove the exclusive copyright of online music; in addition, the Ministry of Human Resources and Social Affairs said that platform enterprises should fully listen to the views of trade unions or workers' representatives when setting a percentage.

The double reduction policy has landed! Continuing the decline last Friday, Hong Kong education stocks plummeted again across the board today. Sikole fell by more than 42%, Excellence Education Group by more than 38%, New Oriental Education & Technology Group-S by more than 37% and Tianli Education by more than 31%.

Inner housing stocks fell, Metro Development and time China Holdings fell more than 7 per cent, and China Evergrande Group fell more than 6 per cent. Last week, senior officials and many ministries spoke out against the intensive property market. In particular, on July 23, the Ministry of Housing and Construction and other eight departments issued the "Circular on continuous Regulation and Standardization of the Real Estate Market order", further increasing the industry's expectations of strict regulation and control of the property market in the second half of the year.

The property sector fell generally, Shimao service fell by more than 21%, Sunac Services fell by nearly 15%, Country Garden Services Holdings fell by more than 14%, and the neighborhood of the times fell by more than 13%.

Pharmaceutical stocks fell across the board, Aikang Medical fell 22.6%, Corning Jerry Pharmaceutical-B fell 13%, Genscript Biotech Corporation fell 12.9%, Hagia Medical fell 12.7%, Sihuan Pharmaceutical fell 11.4%.

Individual stocks$Haidilao International Holding (06862.HK) $It fell 16.57%, and the first-half results were lower than expected.According to the latest performance forecast disclosed by the company yesterday, from January to June this year, Haidilao International Holding's income doubled to about 20 billion yuan, and its net profit will reach 80 million yuan to 100 million yuan, compared with a net loss of about 965 million yuan in the same period last year. But in the same period in 2019, Haidilao International Holding made a net profit of 912 million yuan. Haidilao International Holding pointed out that compared with the first half of 2020, the company changed from loss to profit in the first half of 2021, but the performance did not meet the expectations of the company's management.

$Great Wall Motor (02333.HK) $It fell nearly 3%, and Daiwa reiterated its "buy" rating, raising its target price by 31.3% to HK $42.Daiwa issued a research report reiterating Great Wall Motor's "buy" rating, raising its revenue forecast for this year and next year by 9-14%. Taking into account higher sales and positive forecasts for average selling prices, Daiwa raised its net profit forecast by 6-11%, with the target price rising from HK $32 to HK $42. Due to confidence in the company's ability to build popular models, it is likely to be further rerated.

$Geely Automobile (00175.HK) $At one point, it bucked the trend by more than 4%, closed up nearly 1% at midday, and Volvo turned a profit in the medium term.Zhejiang Geely's Swedish Volvo announced interim results with a net profit of 8.244 billion Swedish kronor (HK $7.375 billion), compared with a loss of 1.737 billion Swedish kronor (HK $1.554 billion) in the same period last year, and profit before interest, tax, depreciation and amortisation (EBITDA) of SEK 20.918 billion (HK $18.707 billion), a year-on-year increase of 2.07 times. The company sold more than 380700 cars in half a year, up 41 per cent from a year earlier. Among them, electric cars account for 25% of sales. The company's board of directors earlier announced its intention to review the possibility of listing, and the final decision will be based on market conditions.

$Aikang Medical (01789.HK) $It fell by more than 22%, and net profit is expected to fall by 35% in the first half of the year.Aikang Medical announced on Friday that income and net profit for the six months ended June 30, 2021 are expected to record a moderate decline of about 10% and a significant decline of about 35%, respectively, compared with the six months ended June 30, 2020. The decline in income is mainly due to the uncertainty of the price trend caused by the current national joint implant volume procurement policy.

$00520.HK (quack) $It fell by nearly 12%. Before she was removed from her post, CEO Zhao Yi had already filed a labor arbitration against Beijing Lianfu.Quack feeding fell more than 11% in morning trading, refreshing a 52-week low. In the news, Jiabu disclosed a supplementary announcement on the dismissal of executive director Zhao Yi, which said that former CEO Zhao Yi had filed a labor arbitration in Beijing.

Half-day turnover of Hong Kong stocks TOP 20