Sporting goods stocks rise. Li Ning (02331) is up 6.23%. Citic Securities expects top shoe and clothing suppliers to continue to benefit.

Jingu financial news | Sporting goods stocks rose across the board. As of the time of publication, Li Ning (02331) rose 6.23%, China Dongxiang (03818) rose 4.84%, Anta Sports (02020) rose 4.67%, and Xtep International (01368) and 361 Degrees (01361) followed the upward trend. Citic Securities' research report stated that as the supply chain gradually recovers, inventory issues among major sports brands are gradually being resolved. The competitive factors of the sports shoes and clothing industry have undergone important changes, and each brand is focusing on sports technology research and development to meet the differentiated needs of consumers. In recent years, major sports brands have successively focused on their own unique technology research and development, and currently, sports technology

金吾財訊22:15 ET

[Special Big V] Deng Shengxing: The market is concerned about the UK and France's election situation and looks forward to the US Federal Reserve's interest rate cuts. Investors should be cautious when entering the market.

Kingwu Financial News | The Hong Kong stock market closed at 18,028 on Thursday (4th), up 49 points or 0.28%. The total turnover of the market was HKD 90.8 billion. The national index rose by 0.23% to close at 6470, while the science and technology index rose by 0.6% to close at 3649. Electric vehicle stocks: Mainland China's new energy passenger vehicle, retail sales in June increased by 30% year-on-year and 6% month-on-month, with outstanding performance in new energy vehicle stocks. NIO Inc (09866) has added 12 new battery swapping stations in June and its stock price has risen by 5%; Xpeng Inc (09868) has risen by 4.2%; Li Ning (02331), whose founder plans to increase the shareholding, saw its stock price fall by 3.8% yesterday.

金吾財訊Jul 4 22:02 ET

[Brokerage Focus] CICC points out that consumer downgrading is still the industry theme. In the second half of the year, there is a preference for optional consumption.

Jinwu Finance | CCB International stated that it has met with investors in Hong Kong, Singapore, and Malaysia in the past two weeks. Investors generally believe that (1) Chinese consumers prefer high-cost-effective products, (2) the popularity of domestic brands is rising, (3) China's lower-tier cities offer better growth potential, (4) the expansion of service consumption is leading to long-term growth opportunities, and (5) overseas expansion seems inevitable. The bank stated that due to overall market correction and slower profit growth, the valuations of the optional consumption and necessary consumption sectors have been lowered to 12.2 times the expected PE in 2024.

金吾財訊Jul 3 01:30 ET

Champion Gymnast Li Ning Is Said to Weigh Bigger Stake in His Apparel Company

BNN BloombergJul 3 00:55 ET

Li Ning Still on Track to Meet 2024 Guidance -- Market Talk

0434 GMT - Li Ning remains on track to achieve its 2024 target despite retail sales growth decelerating on month in June, Citi analysts Xiaopo Wei and Vincent Young say in a research note. The Chinese

WSJJul 3 00:34 ET

Li Ning, the founder of Li Ning Company, is reported to be considering increasing his shareholding in the company.

According to reports citing insiders, Chinese legendary gymnast Li Ning is considering increasing his shareholding in his eponymous sporting goods company Li Ning Co., Ltd. in order to have more control over future global strategy. Insiders said that Li Ning is weighing various options, including the possibility of introducing private equity partners to finance the trade of increasing his shareholding.

金吾財訊Jul 3 00:23 ET