Chinese Asset Sentiment Shows Signs of Recovery
Hong Kong stocks are moving differently | Autos stocks continue to rise, Li Auto-W (02015) is up over 6%. A new round of trade-in subsidies for Autos is expected to boost Consumer.
Auto stocks continue to rise. As of the time of writing, Li Auto-W (02015) has increased by 6.04%, priced at 94.75 Hong Kong dollars; Xpeng Inc. -W (09868) has risen by 4.35%, priced at 58.8 Hong Kong dollars; Geely Auto (00175) has grown by 2.8%, priced at 14.7 Hong Kong dollars.
Nio's Li Bin responds to a USA user: Welcome to China for a self-driving tour to experience the 3-minute Battery swap.
According to Sina Technology News on the morning of January 20, Li Bin, the founder, Chairman, and CEO of NIO, stated in the comment section of a user on Xiaohongshu that all friends coming to China for self-driving tours are welcome to experience NIO's 3-minute Battery swap, which is super cool. Li Bin mentioned that NIO is building charging stations globally.
Hong Kong stocks morning report on January 20: The Securities Regulatory Commission has approved GTJA to absorb and merge HAITONG SEC. This year, there will be a large increase in southbound funds' Shareholding in the three major state-owned Banks.
① The Securities Regulatory Commission has agreed to GTJA's absorption and merger with HAITONG SEC and to raise matching funds. ② Financial Secretary Paul Chan Mo-po will attend the Davos Annual Meeting. ③ This year, southbound funds have significantly increased their Shareholding in the three major state-owned Banks. ④ CITIC SEC's profit in 2024 is nearly 22 billion yuan.
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