Hong Kong Stock Analyst Association Vice Chairman Guo Sizhi said that the market continued to rise on Monday (16th) and further increased on Tuesday (17th), but the trading volume remained sparse. The Hang Seng Index opened slight 35 points lower at 17,386 points on Tuesday morning, but due to the absence of short-selling pressure and continuous stable bid support, the entire market gradually rose by 293 points to 17,715 points, gradually approaching resistance. After the Hang Seng Index successfully crossed the 250-day moving average, 10-day moving average, and 50-day moving average, it further crossed the 20-day moving average. The next target is the high of 17,862 points on the 2nd of this month and the 100-day moving average (around 17,865 points). If it can successfully break through the 100-day moving average, the target will extend to the high of 18,202 points on August 30, but there is a hidden worry that the market's momentum does not match.

This year, China Infrastructure (01038.HK) successively acquired Phoenix Energy, a gas network located in Northern Ireland, the renewable energy asset portfolio Powerlink Renewable Assets in the United Kingdom, and the onshore wind energy asset portfolio held and operated by Aviva Investors. China Infrastructure also conducted a secondary listing on the London Stock Exchange on August 19, creating a successful international enterprise from Hong Kong. When interviewed by Sing Tao, China Infrastructure Group Managing Director Gan Qinglin stated that China Infrastructure, which listed in Hong Kong in 1996, has been committed to becoming a global infrastructure group.

China Infrastructure's business before 1999 was mainly focused in the Asian region, with investment portfolios including power plants, transportation, and infrastructure material manufacturing business. In July 1999, China Infrastructure first entered the Australian infrastructure market, and then began to expand its business to the United Kingdom in 2004, and subsequently expanded its business to Canada, New Zealand, and continental Europe. Currently, China Infrastructure's diversified businesses include energy infrastructure, transportation infrastructure, water treatment infrastructure, waste management, waste-to-energy, building services infrastructure, and related infrastructure businesses. Its investment and operating scope covers Hong Kong, Mainland China, the United Kingdom, continental Europe, Australia, New Zealand, Canada, and the United States.

In terms of sustainable development, China Infrastructure has been a leader in the industry, considering it as part of its overall business development strategy. Data shows that China Infrastructure's distribution network is investing resources in system optimization projects to support local communities in achieving net zero emissions through smart grids, electric vehicle charging facilities, and measures such as solar energy, wind energy, and integrated battery systems. The gas distribution networks in the UK and Australia are committed to clean hydrogen and bio-methane programs, and good progress has been made in projects producing sustainable energy from landfill gas. China Infrastructure's other major environmental sustainable development projects include battery-driven trains, carbon capture, wind farms, gas generator sets, and newly acquired renewable energy investment portfolios.

China Infrastructure has long been known for its solid strength and strong financial foundation. According to the mid-year report for 2024, China Infrastructure held cash of 9.2 billion Hong Kong dollars as of June 30, 2024, with net debt to net capital at a healthy level of 9.8%. When viewed from the perspective of pro-rata allocation of infrastructure investment portfolio net debt, the relevant ratio is only a low level of 47.8% in the industry. China Infrastructure was listed on the Hong Kong Stock Exchange in July 1996, and in its 27 years of listing, dividends have grown annually. As of August 31, 2024, China Infrastructure's market cap exceeded 145.8 billion Hong Kong dollars. The stable foundation provides China Infrastructure with financial flexibility to cope with various unclear market factors and to establish a strong backing for new acquisition opportunities. China Infrastructure was awarded a "A Stable" credit rating by Standard & Poor's in February.

China Infrastructure has always been renowned for its strong power and robust financial foundation. According to the mid-year report for 2024, China Infrastructure held cash of 9.2 billion Hong Kong dollars as of June 30, 2024, with net debt to net capital at a healthy level of 9.8%. When viewed from the perspective of pro-rata allocation of infrastructure investment portfolio net debt, the relevant ratio is only a low level of 47.8% in the industry. China Infrastructure was listed on the Hong Kong Stock Exchange in July 1996, and in its 27 years of listing, dividends have grown annually. As of August 31, 2024, China Infrastructure's market cap exceeded 145.8 billion Hong Kong dollars. The stable foundation provides China Infrastructure with financial flexibility to cope with various unclear market factors and to establish a strong backing for new acquisition opportunities. China Infrastructure was awarded a "A Stable" credit rating by Standard & Poor's in February.

(The writer is a licensed person of the SFC)~