On November 18, the "China-based valuation" concept stocks in the Hong Kong stock market collectively strengthened today, with infrastructure and construction stocks, which are relatively low in valuation, leading the charge. As of now, china railway construction corporation has risen over 8%, metallurgical corporation of china has risen over 7%, china railway, cnbm have risen over 6%, china comm cons has risen 4%, crrc corporation and china railway signal & communication corporation have risen over 2%. On the news front, on November 15, the China Securities Regulatory Commission released the "Guidance No. 10 on the Regulation of Listed Companies - Market Value Management," which will take effect from the date of issuance. The "Guidance" requires listed companies to enhance their operation efficiency and profitability based on improving company quality and to legally and compliantly apply methods such as mergers and acquisitions, stock-based incentive, employee stock ownership plans, cash dividends, investor relations management, information disclosure, and share repurchase in accordance with their actual situation to promote the reasonable reflection of the listed company's investment value on the company's quality. Compared to the draft of the "Guidance" released in late September this year, the final version of the "Guidance" also includes the CSI A500 and GEM Middle Cap 200 constituent stocks as subjects that should formulate the market value management system for listed companies. (Gelonghui)