Avic China (02357) rose nearly 5% at the close, as of the press release, up 4.33%, at HK$4.34, with a turnover of 0.186 billion HK dollars.
According to the Securities Times app, Avic China (02357) rose nearly 5% at the close, up 4.33% as of the press release, at HK$4.34, with a turnover of 0.186 billion HK dollars.
On the news front, there have been frequent reports on the boost to the low-altitude economy. It is reported that relevant national departments are expected to establish a dedicated bureau for the low-altitude economy; Hong Kong Chief Executive John Lee Ka-chiu has indicated the establishment of a 'Low-Altitude Economic Development Working Group'; Guangzhou has made it clear that the low-altitude economy development will be coordinated by the reform and development department. Zheshang Securities pointed out that the low-altitude economy is undergoing significant breakthroughs on multiple levels such as policies and industries, the industry is accelerating its implementation, and the trillion-dollar market is expected to gradually emerge.
It is worth noting that Avic China has announced, in order to enhance the operational capabilities of Avicopter PLC and increase the momentum for aviation technology innovation, avic airborne systems intends to increase its capital in Avicopter PLC by RMB 0.25 billion in cash. It is reported that Avic China's main business has formed a complete aviation industry chain including complete aircraft, aviation support systems and related services, engineering services, aviation-related investments, etc., with control over aviation industry chain businesses in upstream, midstream, and downstream sectors through its holdings in Avicopter PLC, Jiangxi Hongdu Aviation Industry, avic jonhon optronic technology, and avic airborne systems, four A-share listed companies.