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Home Appliances stocks started strong, HAIER SMARTHOME (06690) rose by 4.31%. Institutions anticipate that this year may become the year with the highest intensity of subsidies for Consumer products.
Jinwu Finance News | Home Appliances stocks are strong at the beginning of trading. As of the time of writing, Quan Feng Holdings (02285) is up 8.56%, HAIER SMARTHOME (06690) is up 4.31%, Midea Group Co., Ltd (00300) is up 3.59%, and HISENSE HA (00921) is up 2.21%. On the news front, on January 15, the General Office of the Ministry of Commerce and three other departments issued a notice regarding the implementation of the home appliance replacement program for 2025. The notice clarified the range of home appliances eligible for subsidies and the specific subsidy amounts. Among them, personal Consumers who purchase refrigerators, Washing Machines, Televisions, and other 12 types of home appliance products that meet level 2 or higher energy efficiency or water efficiency standards will receive subsidies.
Hong Kong stock movement | Quan Feng Holdings (02285) again rises over 8% as the company raises its revenue growth expectations, highlighting further value in the current valuation.
Quanfeng Holdings (02285) rose over 8% again, as of the time of writing, it increased by 8.56%, trading at 20.3 HKD, with a turnover of 10.4548 million HKD.
Hong Kong stocks closed (01.17) | The Hang Seng Index rose by 0.31%, the Semiconductors Sector performed strongly, Semiconductor Manufacturing International Corporation (00981) surged over 9%.
Today, significant economic data has been released, showing an annual GDP growth of 5%, with a substantial rebound in growth in the fourth quarter of last year. The three major indices of the Hong Kong stock market collectively surged during the session, with the Hang Seng Tech Index rising over 1%.
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