Group 1 - Hong Kong gold stocks are experiencing a decline, with Tongguan Gold falling over 8% for six consecutive days, and other companies like Zijin Mining, Lingbao Gold, Shandong Gold, and China Silver Group dropping over 4% [1] - The night session saw spot gold prices drop, briefly falling below $3,270 per ounce, with a nearly 2% decline during trading [3] - Chinese investors are shifting funds from gold ETFs to domestic stocks, with a record net outflow of approximately 3.2 billion yuan from four major domestic gold ETFs in July [3] Group 2 - The outflow of funds is primarily driven by individual investors, as gold has been trading within a narrow range, leading to decreased enthusiasm for gold investments [3] - Morgan Stanley indicates that the key to gold price increases lies in ETF inflows, which depend on the Federal Reserve meeting interest rate cut expectations and pushing down U.S. real yields [3] - In an optimistic scenario, gold prices are projected to reach a target of $3,675 per ounce by the end of the year, with expectations of hitting $4,000 per ounce by early next year [3]

截至发稿， 潼关黄金(00340.HK)跌8.67%、 紫金矿业(02899.HK)跌4.26%、 灵宝黄金(03330.HK)跌 4.14%。消息方面，当地时间7月30日，美国联邦储备委员会结束为期两天的 货币政策会议，宣布将联 邦基金利率目标区间维持在4.25%至4.50%之间不变。 ...

Group 1 - The core viewpoint of the article highlights a significant decline in Hong Kong gold stocks, with notable drops in companies such as Tongguan Gold, which fell over 9%, and Zijin Mining, which dropped over 5% [1] - The article reports that the spot gold price fell below $3,270 per ounce, experiencing a nearly 2% drop during trading, although there was a slight recovery in the Asian morning session [1] - Data compiled by Bloomberg indicates that Chinese investors are shifting funds from gold ETFs to domestic stocks, with a record net outflow of approximately 3.2 billion RMB from four major domestic gold ETFs in July [1] Group 2 - The outflow of funds from gold ETFs is primarily driven by individual investors, as enthusiasm for gold has waned due to its trading within a narrow range, while the domestic stock market has been rising [1] - The article lists the latest prices and percentage changes for various gold stocks, with notable declines including Tongguan Gold at -9.18% and Zijin Mining at -5.16% [1]

Group 1 - Gold stocks experienced a significant decline in early trading, with notable drops including Tongguan Gold down 9.18% to HKD 1.78, Zijin Mining down 5.16% to HKD 21.15, and Lingbao Gold down 4.89% to HKD 10.12 [1] - The spot gold price fell over 1.5%, dropping below USD 3280 per ounce [1] - The Federal Reserve maintained the federal funds rate target range at 4.25% to 4.50% during its recent monetary policy meeting, with Chairman Powell indicating that no decision has been made regarding a potential rate cut in September [1]

潼关黄金集团有限公司主要从事黄金及相关矿物的勘探、开采、选矿和销售业务，业务遍及中国多个省 份。公司自2017年以来通过一系列收购整合了多个矿业公司，进一步扩展其黄金开采业务的市场份额。 7月31日，潼关黄金(00340)盘中下跌8.16%，截至10:07，报1.8元/股，成交2365.62万元。 本文源自：金融界 作者：行情君 截至2024年年报，潼关黄金营业总收入14.86亿元、净利润1.96亿元。 ...

Group 1: Market Trends - The paper sector continues its upward trend, with Nine Dragons Paper (02689.HK) leading the gains, rising over 9% after announcing a price increase of 30 CNY/ton for corrugated paper and recycled cardboard starting August 1, reflecting an optimized supply-demand structure in the industry [1] - The brokerage sector saw collective strength, with major Chinese brokerages like Dongfang Securities (03958.HK) and Zhongyuan Securities (01375.HK) rising over 6% and 5% respectively, indicating significant capital inflow into the sector [1] - Urban Beauty (02298.HK) surged 13% as its online GMV for 2024 is projected to reach 1.57 billion CNY, marking a 100% year-on-year increase, showcasing the effectiveness of its new retail transformation [1] Group 2: Company Performance - China Duty Free Group (01880.HK) soared 17% after Macquarie's report indicated a narrowing year-on-year revenue decline from 19.5% in Q4 2024 to 11% in Q1 2025, with a stable gross margin of 33% [1] - The gaming sector experienced a broad increase, with companies like 澳博控股 (00880.HK) and 银河娱乐 (00027.HK) rising over 3%, supported by UBS data showing Macau's average daily gaming revenue in July at 683 million MOP, a 14% year-on-year increase [2] - 雍禾医疗 (02279.HK) saw a 13% increase after forming a strategic partnership with Meituan Health to build a medical-grade hair health service system [2] Group 3: Real Estate and Financing - The Hong Kong real estate sector collectively strengthened, with Country Garden (02007.HK) leading with nearly a 10% rise, driven by improved financing conditions as indicated by the People's Bank of China's report showing a recovery in real estate loan growth [3] - Meilan Airport (0357.HK) rose 10% as CITIC Securities highlighted the significance of Hainan's trade opening, which is expected to benefit the local tourism industry [3] Group 4: Gold Sector Decline - The gold sector faced pressure, with companies like 潼关黄金 (00340.HK) and 大唐黄金 (08331.HK) dropping over 4%, attributed to a decline in spot gold prices below 3,380 USD/oz, driven by reduced safe-haven appeal due to easing trade tensions [4] Group 5: US Market Highlights - Futu Holdings (FUTU.US) rose 2.82% after announcing a long-term strategic partnership with Huaxia Fund to promote the integration of traditional finance and blockchain technology [5] - Japanese automotive stocks surged, with Toyota (TM.US) and Honda (HMC.US) rising over 13% following news of a trade agreement reducing tariffs on Japanese cars [6] - Nuclear power stocks in the US saw significant gains, with Oklo Inc (OKLO.US) rising 9.21%, reflecting a growing interest in nuclear energy [5]

Group 1 - Hong Kong gold stocks collectively declined, with Tongguan Gold (00340.HK) and Shandong Gold (017817.HK) falling over 3% [1] - China Silver Group (00815.HK), Lingbao Gold (03330.HK), and Zhaojin Mining (01818.HK) experienced declines exceeding 2% [1]

Market Overview - US President Trump has issued new tariff policy letters to 14 countries, leading to a rebound in Hong Kong stocks, with the Hang Seng Index rising 1.09% to 24,148.07 points, ending a three-day decline [1] - The total trading volume for the day was HKD 213.29 billion, indicating active market participation [1] - The Hong Kong Monetary Authority has withdrawn HKD 59.072 billion in liquidity since June 28, tightening liquidity expectations in the short term [1] Blue Chip Performance - Xinyi Solar (00968) led blue-chip gains, rising 5.43% to HKD 2.91, contributing 1.04 points to the Hang Seng Index [2] - Kuaishou-W (01024) and Chow Tai Fook (01929) also saw significant increases of 5.16% and 4.42%, respectively [2] - However, Orient Overseas International (00316) and China Biologic Products (01177) experienced declines, dragging down the index [2] Sector Highlights - Large tech stocks rebounded, with Kuaishou rising over 5% and Meituan and JD.com both increasing over 2% [3] - Stablecoin concept stocks surged, with Jinyong Investment (01328) skyrocketing 533.17% after announcing a partnership with AnchorX [3] - The Macau gaming sector showed strong performance, with total gaming revenue for the first six days of July reaching MOP 4.3 billion, indicating a robust recovery [6] Solar Industry Insights - The solar sector saw strong gains, with New Special Energy (01799) up 12.65% and GCL-Poly Energy (03800) up 10.81% [5] - Recent government meetings emphasized the need to address low-price competition and improve product quality in the solar industry, suggesting potential for supply-side reforms [5] Gaming Sector Developments - Macau's gaming stocks continued to rise, with Wynn Macau (01128) up 6.4% and MGM China (02282) up 3.29% [6] - Morgan Stanley's report indicated that Macau's gaming revenue is expected to see double-digit year-on-year growth in July, marking a cyclical turning point for the industry [6] New Consumption Trends - New consumption stocks performed well, with brands like Blukoo (00325) and Cha Ba Dao (02555) seeing significant increases [6][7] - Gold stocks also rebounded, with Tongguan Gold (00340) rising 6.37% [7] Stablecoin Regulatory Developments - Jinyong Investment announced a strategic partnership with AnchorX to explore potential collaborations in digital asset management and stablecoin applications [4] - The Hong Kong Monetary Authority is consulting the market on regulatory guidelines for stablecoins, with expectations for a limited number of licenses to be issued [4] Logistics Sector Performance - Jitu Express-W (01519) reached a new high, with a reported 23.5% year-on-year increase in package volume for Q2 2025 [9] - The company achieved a total package volume of 139.9 billion for the first half of 2025, reflecting strong growth in the logistics sector [9] AI and Technology Sector Insights - Hongteng Precision (06088) saw an increase of 8.82%, driven by growing demand for AI-related solutions [10] - The company is expected to benefit from its parent group's resources and the increasing demand for AI computing power [10]

Group 1 - The Hang Seng Index rose by 0.78%, gaining 185 points to close at 24,073 points, while the Hang Seng Tech Index increased by 1.29% [1] - The trading volume in Hong Kong reached HKD 117.2 billion in the morning session [1] - Stablecoin-related stocks surged, with Guotai Junan International rising by 16%, Multi-Point Smart increasing by 8%, and OSL Group also up by 8% [1] Group 2 - Jinyong Investment experienced a 150% surge due to a strategic partnership with AnchorX to explore stablecoin applications [2] - Kuaishou-W saw a 3% increase, with institutions expecting the company's Q2 performance to meet market expectations [2] - Gold stocks rebounded in the morning session, with Tongguan Gold rising by 6% and China Gold International increasing by 3.82% [2] Group 3 - Huitongda Network rose over 7% after applying for full circulation of H-shares, which is expected to enhance stock liquidity and investment attractiveness [3] Group 4 - Basestone Pharmaceuticals-B increased by over 4% after granting commercialization rights for Sugli to Gentili in Western Europe and the UK [4] Group 5 - GCL-Poly Energy rose over 9%, with the polysilicon segment potentially becoming a breakthrough point for reversing internal competition, and the company is expected to achieve profitability [5] Group 6 - China Rare Earth Holdings rose over 7% after a failed transaction involving the sale of an Australian gold mine, and plans to spin off its business through an introduction [6] Group 7 - Hon Teng Precision rose by 8.8%, driven by strong performance in AI servers and iPhone business, with Foxconn showing steady growth in Q2 [7] Group 8 - Zhaoyan New Drug increased by over 10%, assisting in the approval of the restructuring of human coagulation factor VIIa for Chengdu Tianqing [8] Group 9 - Steel stocks saw a midday rally, with Chongqing Steel rising by 11%, as institutions expect improvements in industry supply and demand [9]

Group 1 - The Hong Kong gold stocks are experiencing a continuous rebound, with Tongguan Gold (00340.HK) rising over 6% [1] - Other stocks such as China Gold International (02099.HK), Zijin Mining (02899.HK), and Shandong Gold (01787.HK) are also following the upward trend [1]