Hong Kong stocks closed (12.18) | The Hang Seng Index rose by 0.83% as market cap management catalyzed the rise of special valuations, with Autos and Semiconductors both seeing gains.

Hong Kong stocks stopped falling and rebounded today, with the three major indices having a rapid increase in the afternoon. The Hang Seng Index and the National Index both rose more than 1%, while the Hang Seng Technology Index once increased by over 2%.

Zhitong Finance03:43 ET

Hong Kong stocks are moving differently | Infrastructure stocks rose in early trading as the State-owned Assets Supervision and Administration Commission released Market Cap management opinions. Institutions are Bullish on the fundamentals and valuation r

Infrastructure stocks rose in the morning session. As of the time of writing, CRRC Corporation (01766) was up 4.36%, at 4.79 Hong Kong dollars; China Railway Construction Corporation (01186) was up 2.73%, at 5.65 Hong Kong dollars; China Railway (00390) was up 2.64%, at 3.89 Hong Kong dollars.

Zhitong Finance20:44 ET

Dongxing: Overseas expansion opens up greater development space for leading state-owned enterprise construction.

With the improvement of the global competitiveness of China's central enterprises in the construction sector, overseas development will bring greater development space.

Zhitong FinanceDec 13 02:10 ET

Research Reports Spotlight | dongxing Securities: Maintains a "strongly recommended" rating for china communications construction, focusing on high-quality development and shareholder feedback.

The dongxing research report points out that china communications construction (601800.SH) is expected to distribute cash dividends of approximately 2.28 billion yuan in this year's mid-term dividend, which accounts for 20.02% of the net income attributable to the parent company for the first half of 2024. This is a specific measure taken by the company to implement the "Quality Improvement, Efficiency Enhancement and Return to Shareholders" action plan for 2024. This dividend proposal was suggested by the major shareholder, china communications group, on the premise of ensuring that the company's normal operation and long-term development are not affected, and it is a measure to enhance the returns for the shareholders of the listed company and its investment value. Thus, it can be seen that the company is placing more emphasis on shareholder returns and high-quality development at this stage.

Gelonghui FinanceDec 4 02:18 ET

Guotou Securities: dual-drive of debt-to-equity conversion and market cap management, multiple state-owned enterprises in the construction sector are blossoming in multiple locations.

Since the beginning of this year, China's policy on debt-for-equity swaps has been continuously strengthened. In November 2024, the Ministry of Finance announced a 10 trillion yuan debt-for-equity swap policy, the most significant effort in recent years, with the expectation of a substantial reduction in financial pressure on local governments.

Zhitong FinanceDec 3 00:36 ET

China Communications Construction Company Limited's (HKG:1800) Largest Shareholders Are Private Companies With 60% Ownership, Individual Investors Own 34%

Simply Wall StNov 30 20:18 ET