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智通港股早知道 | 内地访港游客增长近三成 中外AI视频应用同时亮相

智通 Hong Kong Stock Morning Knowledge | The number of mainland visitors to Hong Kong has increased by nearly 30%, and both domestic and foreign AI video applications are showcased.

Zhitong Finance ·  Dec 11 07:54

Last Saturday was the first weekend since the implementation of the “one sign, multiple trips” policy for Shenzhen residents to Hong Kong. According to statistics from the Hong Kong Special Administrative Region Government, the number of mainland visitors to Hong Kong on the 7th was about 0.145 million, up 28.5% from the average number of visitors per day over the weekend of November.

[Today's headlines]

Chinese and foreign AI video applications unveiled at the same time

1. SoraTurbo was officially launched in the early morning of December 10. It supports Wensheng, Tucson, and live video, with a maximum length of 20S, and a maximum image quality of 1080P. It supports 16:9, 1:1, and 9:16 video ratios, and has six main functions: storyboard (Storyboard), stylepresets (Stylepresets), video extension (Re-cut), Loop (Loop), Remix (Remix), and Blend (blending). ChatGPTPro users can use it directly. The maximum number of video generation benefits per month is 50 and 500 priority videos, respectively, which is equivalent to 0.4 US dollars/piece. The overall model excels in terms of color, style, and consistency.

2. The computer version of ByteDance AI Doubao launched a video generation function. On December 10, PixelDance, the ByteDance video generation model, officially began closed beta testing on the Doubao PC version, and some users have already opened the experience portal. The closed beta page shows that users can generate ten free videos per day.

On December 10, KPMG, one of the top four international accounting firms, said that artificial intelligence has produced a very convincing level of return on investment, and that machine learning, deep learning, and generative AI have all met or exceeded expectations. According to market analysis, the supply of high-quality content within the value of high-quality IP combined with new technologies such as AI is increasing, while consumer demand is expected to increase, and active attention is being paid to high-quality targets in segments such as IP, skits, and movies.

[General outlook]

The Nasdaq China Golden Dragon Index closed down 4.34%

Overnight, US stocks fell 154.10 points, or 0.35%, to 44247.83 points; the NASDAQ fell 49.45 points, or 0.25%, to 19687.24 points; the S&P 500 index fell 17.94 points, or 0.30%, to 6034.91 points.

Google (GOOG.US, GOOGL.US) rose more than 5%, Walgreens (WBA.US) rose more than 17.7%, Tesla (TSLA.US) rose 2.87%, Meta Platforms (META.US) rose more than 0.9%, Apple (AAPL.US) rose more than 0.4%, Amazon (AMZN.US) fell more than 0.4%, Microsoft (MSFT.US) fell 0.6%, Nvidia (NVDA.US) fell 2.69%, Oracle ( ORCL.US) fell more than 6.6%.

The Nasdaq China Golden Dragon Index closed down 4.34%, and the 3x long FTSE China ETF fell nearly 13%. The Hang Seng Index ADR declined. On a proportional basis, it closed at 20298.57 points, down 12.71 points or 0.06% from the Hong Kong closing.

[Hot Topics Preview]

The number of mainland visitors to Hong Kong increased by nearly 30%, and the effect of “one visa, multiple trips” is obvious

Last Saturday was the first weekend since the implementation of the “one sign, multiple trips” policy for Shenzhen residents to Hong Kong. According to statistics from the Hong Kong Special Administrative Region Government, the number of mainland visitors to Hong Kong on the 7th was about 0.145 million, up 28.5% from the average number of visitors per day over the weekend of November. Starting December 1 of this year, residents of Shenzhen domicile registration and residence permit holders can apply for a “one visa, multiple trip” endorsement to travel to Hong Kong, that is, they can travel to and from Hong Kong an unlimited number of times within 1 year, and stay in Hong Kong for no more than 7 days each time. December is the peak season for traditional tourism in Hong Kong. Major business districts and attractions will attract visitors through discounts and themed events. With the implementation of the new “One Sign, Multiple Travel” policy, many Shenzhen residents went shopping in Hong Kong last weekend.

Li Jiachao: Continuing to invite mainland and overseas companies to establish self-insurance companies in Hong Kong

The Chief Executive of the Hong Kong Special Administrative Region Government, Li Jiachao, said at the Asian Insurance Forum 2024 that the SAR government will continue to invite mainland and overseas companies to establish professional self-insurance companies in Hong Kong. He reiterated Hong Kong's commitment to becoming a leading global risk management center, and the Insurance Authority will review capital requirements for infrastructure investments next year to help insurers diversify their assets and support large-scale projects.

The General Office of the Shanghai Municipal People's Government issued the “Shanghai Action Plan to Support Mergers, Acquisitions and Restructuring of Listed Companies (2025-2027)”

Among them, it is proposed to strive to launch a number of representative mergers and acquisitions cases in key industries by 2027, cultivate about 10 internationally competitive listed companies in key industries such as integrated circuits, biomedicine, and new materials, form a merger and acquisition transaction scale of 300 billion yuan, and activate total assets exceeding 2 trillion yuan.

Specific measures include promoting high-quality listed companies and industrial groups to increase resource integration efforts for enterprises related to the industrial chain; focusing on the three leading industries of integrated circuits, biomedicine, and artificial intelligence, as well as key development industrial chains such as next-generation electronic information, intelligent connected vehicles, and new energy vehicles, sorting out the list of potential key mergers and acquisitions according to enterprise development needs; making good use of the 10 billion integrated circuit design industry merger and acquisition fund and establishing a 10 billion biomedical industry merger and acquisition fund. In addition, the plan also mentions speeding up the merger of securities companies and building a first-class investment bank.

International Air Transport Association: Global aviation industry expected to record passenger traffic in 2025

On December 10, the global aviation industry profit forecast for 2025 released by the International Air Transport Association shows that in 2025, the net profit of the aviation industry is expected to reach 36.6 billion US dollars, with a net profit margin of 3.6%. Slightly improved from 2024, net profit is expected to reach 31.5 billion US dollars in 2024. The total revenue of the industry is expected to reach 1.007 trillion US dollars, up 4.4% from 2024, and the industry's revenue has broken the $1 trillion mark for the first time. Passenger traffic is expected to reach 5.2 billion in 2025, up 6.7% from 2024, and the number of passengers surpassed 5 billion for the first time.

The industry's largest lobbying group said in its annual forecast that the net profit of the global aviation industry will reach $36.6 billion in 2025, driven by a record 5.2 billion passengers. According to the International Air Transport Association, this forecast represents a 16% increase over 2024 data. The industry's profit margin will be 3.6%, up from 3.3% in 2024. The industry group said falling oil prices and increased demand will drive profitability, while the incoming Trump administration's potential tariff and trade war could hurt the industry's prospects.

GAC Group (02238) transferred the 32.03% equity agreement of the holding subsidiary Nanfang Test Site to China Quality Certification Center Co., Ltd.

According to the Zhitong Finance App, GAC Group (02238) issued an announcement. Following a vote of participating directors, the “Proposal on Combating and Equity Adjustment at the Southern Test Site” was reviewed and passed. According to relevant industry policy requirements, in order to meet the objectivity and impartiality of the test site, the company agreed to transfer the 32.03% equity agreement of the holding subsidiary Southern (Shaoguan) Intelligent Connected New Energy Vehicle Testing and Testing Center Co., Ltd. (“Southern Test Site”) to China Quality Certification Center Co., Ltd. with a transaction consideration of 0.438 billion yuan; at the same time, from the perspective of the strategic positioning and development needs of the Southern Test Site, it was agreed that China Automotive Engineering Research Institute Co., Ltd. would increase the capital of the Southern Test Site by 0.741 billion yuan.

GAC Group's second-generation self-contained intelligent robot unveiled

At the 2024 Pearl Bay International Climate Investment and Financing Conference held recently, GAC unveiled its second-generation intelligent robot. This is the first time that GAC Group has shown the results of its research on intelligent robots.

Tomoshibayu Biological-B (02496): Updated data from the M701 malignant ascites phase II study presented at the 2024 ESMO-ASIA conference

Zhitong Finance App News, YZYBIO-B (02496) issued an announcement. Research update data from the Phase II clinical study of M701, a dual-targeted dual-specific antibody drug developed by the company in China to treat malignant ascites caused by advanced epithelial solid tumors, has been presented in the form of an oral report at the 2024 European Society of Medical Oncology Asia Branch in the form of an oral report at the conference (Oral Report No.: 61O).

Connett Optics (02276) is progressing smoothly with several R&D projects with leading global technology and consumer electronics companies, including leading US companies

According to Zhitong Finance App News, Connett Optics (02276) announced that the company is progressing smoothly with various R&D projects of leading global technology and consumer electronics companies, including many leading US companies. According to signed purchase orders, the company has successively received payments including R&D expenses and small trial orders.

Huahong's Wuxi base held a launch conference for the completion of the 12-inch production line of the second phase project

The launch conference for the completion of the 12-inch production line of the Huahong Wuxi Integrated Circuit R&D and Manufacturing Base Phase II project was held on December 10. The second phase of the project focused on automotive-grade chip manufacturing and built a 12-inch specialty process production line with a monthly production capacity of 0.083 million pieces. It was completed 100 days ahead of schedule.

Shangtang (00020): Proposed 6.3% discount and placement of 1.865 billion shares to raise HK$2.787 billion

Shangtang announced on the Hong Kong Stock Exchange that on December 11, the company entered into a placement agreement with the placement agent. According to this, the placement agent has conditions and individually agreed to do its best to induce no less than six undertakers to subscribe for 1.865 billion shares. The placement price for each placement share is HK$1.50, at a discount of about 6.3%. The estimated net proceeds from the placement are HK$2.787 billion. The net proceeds from the placement will mainly be used to support the company's core business development, etc.

[Individual stock prices are clear]

Fosun Tourism Culture (01992) plans to buy back the company's shares at a premium of about 95% through an agreement arrangement to resume trading on December 11

Zhitong Finance App News, Fosun Tourism Culture (01992) announced that on December 9, 2024, the board of directors resolved to submit the proposal to repurchase the company's shares through an agreement arrangement in accordance with section 86 of the Company Law to the planned shareholders.

On December 10, Fosun Tourism and Culture Group issued an announcement. On October 9, 2024, the board of directors resolved to submit the proposal to repurchase the company's shares through an agreement arrangement in accordance with section 86 of the Company Law to the planned shareholders. According to the announcement, if the plan comes into effect, all plan shares will be cancelled, with the exception of the plan shares undistributed by the trustee, and shareholders will exchange HK$7.80 per share in cash for each share of the plan. This price is about 95% premium over HK$4/share price on the last trading day before Fosun Travel & Wen suspends trading. After the plan comes into effect, all plan shares will be cancelled, and the company will apply to the Stock Exchange to withdraw the listed status of the shares on the Stock Exchange, which will take effect immediately after the effective date.

Fosun Travel & Tourism responded that the privatization proposal is a key decision based on Fosun's long-term development strategy. After the privatization is completed, Fosun Travel & Tourism will continue to maintain the normal operation of the existing business. Currently, there are no plans to make major adjustments to the company's overall operation after privatization is completed, and employee employment and benefits will remain unchanged.

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