Market Overview - The Hang Seng Index closed at 25,628.88, down 347 points or 1.34%, with 66 out of 89 blue-chip stocks declining [3][4] - The total market turnover was 204.29 billion, with a net inflow of 3.655 billion from northbound trading [3] Company News - China National Airlines reported a 10.1% year-on-year increase in passenger turnover for November, with an average seat occupancy rate of 83.3%, up 4 percentage points [12] - SenseTime launched its Seko 2.0 platform for series production, significantly improving production efficiency by reducing the time required for animated series by 80% to 90% [13] - Meituan announced the suspension of its "Tuan Hao Huo" business to focus on exploring new retail formats, indicating a strategic shift in its operations [14] - Vanke's bondholder meeting resulted in the rejection of all three proposals regarding debt repayment arrangements, leading to a second meeting scheduled for December 17 [15] Industry Dynamics - The Hong Kong General Chamber of Commerce signed three memorandums of cooperation in Hangzhou to enhance collaboration in innovation and technology between Hong Kong and Hangzhou [7] - The credit demand outlook for Hong Kong remains cautiously optimistic, with signs of stabilization in retail credit, although challenges persist in commercial loans [8] - Germany's trade and investment agency predicts that China will fall out of the top five export destinations for Germany for the first time in 15 years, with a projected 10% decrease in exports to 81 billion euros (approximately 740 billion HKD) [9] - The China Securities Regulatory Commission is deepening reforms in the capital market to enhance stability and promote high-quality development in the private equity fund sector [10]

· 2025 年 12 月 11 日 国都港股操作导航 海外市场重要指数 收市 幅度 道琼斯工业指数 48057.75 1.05 标普 500 指数 6886.68 0.67 纳斯达克综合指数 23654.16 0.33 英国富时 100 指数 9655.53 0.14 德国 DAX 指数 24130.14 -0.13 日经 225 指数 50602.8 -0.10 台湾加权指数 28400.73 0.77 内地股市 上证指数 3900.5 -0.23 深证成指 13316.42 0.29 香港股市 恒生指数 25540.78 0.42 国企指数 8954.69 0.20 红筹指数 4118.69 -0.29 恒生科技指数 5581.1 0.48 AH 股溢价指数 121.42 -0.22 恒生期货 (12 月) 25602 0.26 恒生期货 (1 月) 25679 0.28 国都香港研究部 电话：852-34180288 网址：www.guodu.com.hk 每日投资策略 港股止跌回涨 后市望重回 2 万 6 港股两日累挫逾 600 点后，昨日早段延续弱势，午后跌 至 10 月及 11 月低位支持所在的 ...

· 2025 年 12 月 2 日 国都港股操作导航 | 海外市场重要指数 | 收市 | 幅度 | | --- | --- | --- | | 道琼斯工业指数 | 47,289.33 | -0.90% | | 标普 500 指数 | 6,812.66 | -0.53% | | 纳斯达克综合指数 | 23,275.92 | -0.38% | | 英国富时 100 指数 | 9,702.53 | -0.18% | | 德国 DAX 指数 | 23,589.44 | -1.04% | | 日经 225 指数 | 49,303.28 | -1.89% | | 台湾加权指数 | 27,626.48 | 0.26% | | 内地股市 | | | | 上证指数 | 3,914.01 | 0.65% | | 深证成指 | 13,146.72 | 1.25% | | 香港股市 | | | | 恒生指数 | 26,033.26 | 0.67% | | 国企指数 | 9,172.84 | 0.47% | | 红筹指数 | 4,245.51 | 1.24% | | 恒生科技指数 | 5,644.76 | 0.82% | | AH 股 ...

· 2025 年 11 月 28 日 星期五 国都港股操作导航 | 海外市场重要指数 | 收市 | 幅度 | | --- | --- | --- | | 道琼斯工业指数 | 47427.12 | 0.67 | | 标普 500 指数 | 6812.61 | 0.69 | | 纳斯达克综合指数 | 23214.69 | 0.82 | | 英国富时 100 指数 | 9693.93 | 0.02 | | 德国 DAX 指数 | 23767.96 | 0.18 | | 日经 225 指数 | 50167.1 | 1.23 | | 台湾加权指数 | 27554.53 | 0.53 | | 内地股市 | | | | 上证指数 | 3875.26 | 0.29 | | 深证成指 | 12875.19 | -0.25 | | 香港股市 | | | | 恒生指数 | 25945.93 | 0.07 | | 国企指数 | 9164.87 | 0.03 | | 红筹指数 | 4215.62 | 0.01 | | 恒生科技指数 | 5598.05 | -0.36 | | AH 股溢价指数 | 120.43 | -0.18 | | ...

Group 1: Market Overview - The Hang Seng Index is facing resistance at 26,000, indicating a potential continuation of adjustments in the market [3] - The index opened at 26,046, briefly surpassed the 26,000 mark, but closed at 25,928, up only 33 points or 0.13% [3] - Trading volume decreased to 207.08 billion HKD, reflecting a cautious sentiment among investors [3] Group 2: Real Estate Market - The Hong Kong property price index rose by 0.41% in October, marking the fifth consecutive month of increases, with the index reaching 294.3 [7] - The rental index for private residential properties remained stable month-on-month but increased by 3.89% year-on-year [8] - Smaller units (under 100 square meters) saw a price index increase of 0.37%, while larger units (100 square meters and above) increased by 0.9% [8] Group 3: Corporate Developments - Great Wall Motors aims to achieve an annual production of 300,000 vehicles in Europe by 2029, with a focus on various vehicle types including traditional and electric models [11] - China Dynamics reported a 48.78% increase in net profit for the interim period ending September, with earnings reaching 204 million RMB [12] - Western Cement issued 400 million USD in senior notes due in 2028, with proceeds intended for debt repayment and working capital [13] Group 4: Policy and Support Initiatives - Guangdong Province has introduced a financial support plan to encourage companies in the Greater Bay Area to list on the Shenzhen Stock Exchange, enhancing their financing channels [9]

· 2025 年 11 月 26 日 国都港股操作导航 海外市场重要指数 收市 幅度 道琼斯工业指数 47112.45 1.43 标普 500 指数 6765.88 0.91 纳斯达克综合指数 23025.59 0.67 英国富时 100 指数 9609.53 0.78 德国 DAX 指数 23464.63 0.97 日经 225 指数 48659.52 0.07 台湾加权指数 26912.17 1.54 内地股市 上证指数 3870.02 0.87 深证成指 12777.31 1.53 香港股市 恒生指数 25894.55 0.69 国企指数 9158.31 0.87 红筹指数 4212.75 0.34 恒生科技指数 5612.03 1.20 AH 股溢价指数 120.87 0.19 恒生期货 (11 月) 25977 0.25 恒生期货 (12 月) 25969 0.29 国都香港研究部 电话：852-34180288 网址：www.guodu.com.hk 每日投资策略 发现香港市场的中国价值 Discover China Value in Hong Kong 星期三 每日港股导航 2025 年 11 ...

Market Overview - The Hong Kong stock market has regained upward momentum, with the Hang Seng Index expected to rise above 26,000 points after a previous decline of 1,352 points [2][3] - The Hang Seng Index closed up 496 points or 1.97%, recovering above the 100-day moving average [3] Macro & Industry Dynamics - Citigroup's wealth management head indicated that the U.S. stock market still has room for growth, citing strong earnings expectations and a lack of excessive optimism among investors [6] - The bank noted significant net inflows from wealthy clients in Asia, particularly driven by clients from China, highlighting a robust economic recovery post-COVID [6] Company News - China Wangwang reported a 7.83% year-on-year decline in net profit for the six months ending September, with earnings of 1.717 billion yuan and revenue of 11.108 billion yuan, a 2.13% increase [9] - The company plans to optimize its internal organization and enhance its diversified strategy to improve sustainable growth [9] - YK Technology reported a 50% quarter-on-quarter increase in overseas payment transaction volume, reaching nearly 1.3 billion yuan, and continued growth in domestic payment transactions [10] - The company has secured new clients in the e-commerce sector, including major platforms like Taobao and Didi, and is expanding its AI-generated digital video services [10]

· 国都港股操作导航 | 海外市场重要指数 | 收市 | 幅度 | | --- | --- | --- | | 道琼斯工业指数 | 45,752.26 | -0.84% | | 标普 500 指数 | 6,538.97 | -1.55% | | 纳斯达克综合指数 | 22,078.05 | -2.15% | | 英国富时 100 指数 | 9,527.65 | 0.21% | | 德国 DAX 指数 | 23,278.85 | 0.50% | | 日经 225 指数 | 49,823.94 | 2.65% | | 台湾加权指数 | 26,580.12 | -0.66% | | 内地股市 | | | | 上证指数 | 3,931.05 | -0.40% | | 深证成指 | 12,980.82 | -0.76% | | 香港股市 | | | | 恒生指数 | 25,835.57 | 0.02% | | 国企指数 | 9,143.34 | -0.08% | | 红筹指数 | 4,226.73 | 0.52% | | 恒生科技指数 | 5,574.59 | -0.58% | | AH 股溢价指数 | 120.62 ...

Market Overview - The Hang Seng Index closed at 25,830.65, down 99 points or 0.38%, marking a four-day decline totaling 1,242 points or 4.59% [2][3] - The total market turnover was 211.43 billion, with a net inflow of 6.591 billion from northbound trading [2] Macro & Industry Dynamics - The Hong Kong Monetary Authority plans to expand the list of swap connect dealers, with daily trading limits recently raised to 45 billion RMB, reflecting a significant increase in monthly transaction volume from 50 billion to 380 billion RMB since its launch [6] - The Ministry of Industry and Information Technology anticipates that the retail sales of toys in China will exceed 100 billion RMB this year, following a 25.5% increase in 2020 [9] Company News - Link REIT clarified that it has submitted a proposal to acquire interests in several shopping centers in Australia, but no binding agreements have been established yet [11] - Hong Kong Xingye reported a loss of 479 million HKD for the half-year ending September, with revenue increasing by 126% to 1.926 billion HKD due to new project sales [12] - Kingsoft's third-quarter profit fell by 48.47% year-on-year to 213 million RMB, with total revenue down 17% to 2.419 billion RMB, despite a 26.06% increase in office software revenue [13] - Xiaoma Zhixing announced a partnership to develop a new generation of autonomous trucks, aiming for mass production by 2026, which could significantly reduce logistics costs and improve efficiency [14]

· 2025 年 11 月 19 日 国都港股操作导航 海外市场重要指数 收市 幅度 道琼斯工业指数 46,091.68 -1.07% 标普 500 指数 6,617.37 -0.82% 纳斯达克综合指数 22,432.85 -1.21% 英国富时 100 指数 9,552.30 -1.27% 德国 DAX 指数 23,173.05 -1.77% 日经 225 指数 48,702.98 -3.22% 台湾加权指数 27,447.31 0.18% 内地股市 上证指数 3,939.81 -0.81% 深证成指 13,080.49 -0.92% 香港股市 恒生指数 25,930.03 -1.72% 国企指数 9,174.84 -1.65% 红筹指数 4,196.65 -2.10% 恒生科技指数 5,645.73 -1.93% AH 股溢价指数 119.83 1.52% 恒生期货 (11 月) 26033 0.46% 恒生期货 (12 月) 26059 0.59% 国都香港研究部 电话：852-34180288 网址：www.guodu.com.hk 每日投资策略 恒指收跌 454 点 三连跌累泻 1143 点 恒指 ...