Market Overview - A-shares opened lower on August 20, with all three major indices declining; the ChiNext index fell nearly 2% [1] - The Hang Seng Index also opened lower, with the Hang Seng Tech Index dropping over 1% [2][3] - The bond market saw a rebound in government bond futures, with the 30-year main contract rising by 0.27% [2][4] A-share Performance - As of the report, the Shanghai Composite Index decreased by 0.23% to 3718.69, the Shenzhen Component Index fell by 0.71% to 11737.55, and the ChiNext Index dropped by 1.47% to 2563.50 [1][16] - The CSI 300 Index declined by 0.42% to 4205.75, while the SSE 50 Index fell by 0.26% to 2804.97 [1] Hong Kong Market Performance - The Hang Seng Index was down 0.77% to 24930.65, and the Hang Seng Tech Index decreased by 0.82% to 5496.31 [2][3] - Notable declines were observed in tech stocks, with Xiaomi and Pop Mart both dropping over 2%, while XPeng Motors rose over 4% after reporting earnings [17] Commodity Market - Domestic commodity futures generally fell, with lithium carbonate dropping over 4% and glass nearly 4% [5][19] - Other commodities such as coking coal, coking coke, industrial silicon, and rubber also saw declines exceeding 2% [5] Solar Energy Sector - The solar energy sector showed resilience, with several stocks such as Huamin Co. and Ainuoju rising significantly, with gains of over 10% [12][13] - A meeting regarding the solar industry's internal competition is expected to take place in the coming days, drawing attention from market participants [13] Company-Specific News - Oriental Selection's stock experienced volatility, initially rising nearly 15% before plummeting over 20% due to rumors regarding its CEO [6][8] - The company has publicly denied these rumors, stating they are unfounded and reaffirming their commitment to transparency during the earnings blackout period [8]

Core Viewpoint - The stock of Oriental Selection experienced a significant increase, rising over 10% after the company addressed rumors regarding its commission rates and management [1] Group 1: Company Response - Oriental Selection issued a statement clarifying that rumors about its management, specifically concerning Zhou Chenggang, are unfounded [1] - The company refuted claims that its commission rate exceeds 30%, stating that the actual average commission rate is below 20% [1] - In response to the spread of false information, the company has initiated legal actions and will pursue accountability for these unlawful activities [1] Group 2: Market Reaction - Following the clarification from the company, the stock price of Oriental Selection surged, with an increase of over 14% at one point [1] - The current trading status shows a sustained increase of more than 10% [1]

隔夜美股三大指数涨跌不一，中概指数跌0.9%。港股三大指数低开，恒指跌0.61%，国指跌0.64%，恒 生科技指数跌0.75%。盘面上，大型科技股集体下跌，其中，小米跌2.29%，快手跌近2%，京东跌 1.3%，阿里巴巴、网易、美团、腾讯、百度均有跌幅；煤炭股下跌明显，兖煤澳大利亚绩后大跌超 9%，中煤能源、中国神华等权重跟跌；昨日强势的物管股走低，锂电股、快递股、核电股、中资券商 股普遍走低，其中，天齐锂业跌3%，中通快递跌2.57%。另一方面，俞敏洪回应传闻，昨日午后跳水的 东方甄选涨近5%，光伏再开反内卷会议，光伏股走强，福耀玻璃绩后涨3%，汽车股、体育用品股、食 品饮料股普遍上涨。(格隆汇) ...

Group 1 - The stock of Dongfang Zhenxuan (01797.HK) opened nearly 5% higher, but experienced significant volatility, with a peak increase of over 23% before closing down 20.89% at HKD 34.32 [1] - As of the latest update, the stock is up 4.72% at HKD 35.94, with a trading volume of HKD 102 million [1] - Investment banks predominantly rate the stock as a buy, with one bank issuing a buy rating in the last 90 days [1] Group 2 - Dongfang Zhenxuan has a market capitalization of HKD 45.394 billion, ranking third in the cultural media industry [1] - Key performance indicators show a Return on Equity (ROE) of 34.07%, significantly higher than the industry average of -13.95%, ranking first in the industry [1] - The company reported revenue of HKD 5.917 billion, compared to the industry average of HKD 1.6 billion, ranking seventh [1] - The net profit margin stands at -4.41%, while the industry average is -50.2%, ranking 34th [1] - The gross profit margin is 33.62%, above the industry average of 22.19%, ranking 44th [1] - The debt ratio is 17.35%, significantly lower than the industry average of 59.71%, ranking eighth [1]

Group 1 - The stock of Dongfang Zhenxuan (01797.HK) increased by 4.72% as of the report date [2]

Market Overview - The Hang Seng Index opened down 0.61%, while the Hang Seng Tech Index fell by 0.75% [1] - Xiaomi Group experienced a decline of over 2%, while Oriental Selection saw an increase of nearly 5% following a clarification statement and the initiation of legal processes [1] Future Market Outlook - Huatai Securities suggests that the market is currently in a critical phase with a lack of clear trading themes and pending verification of significant domestic and international events, viewing this as a window for portfolio adjustments. They remain optimistic about future market trends [2] - China Galaxy recommends focusing on sectors with better-than-expected mid-term performance, such as innovative pharmaceuticals and major financial institutions, as well as sectors benefiting from favorable policies like AI and "anti-involution" industries [2] - CITIC Securities highlights that the upcoming half-year report period will be crucial for the continuation of the Hong Kong market's performance, with a shift from liquidity-driven to earnings-driven and policy-validated market dynamics expected [2] Long-term Market Sentiment - Industrial Securities maintains a bullish outlook on the Hong Kong stock market, believing that the bullish sentiment among global and Chinese investors is strengthening. They predict a long-term bullish trend for the market [3] - The expectation of a potential interest rate cut by the Federal Reserve is seen as a catalyst for further liquidity stimulation in the Hong Kong market [3]

Group 1 - The Hang Seng Index opened down 0.61% and the Hang Seng Tech Index opened down 0.75% [1] - Oriental Selection opened up 4.72% following a formal statement from New Oriental Group addressing recent rumors about CEO Zhou Chenggang [1] - The statement clarified that claims regarding Zhou Chenggang being investigated for allegedly misappropriating company interests through related party transactions are completely unfounded [1]

Core Viewpoint - The stock of Oriental Selection (01797) experienced significant volatility, initially rising nearly 5% before plunging to a closing drop of 20.89% amid rumors regarding CEO Zhou Chenggang's involvement in related party transactions and regulatory investigations [1] Company Summary - Oriental Selection's stock opened high but faced a dramatic drop, with a peak increase of over 23% at 14:50 before closing at 34.32 HKD, reflecting a total trading volume of 1.02 billion HKD [1] - In response to market rumors, Oriental Selection issued a statement refuting claims about CEO Zhou Chenggang and the alleged commission rate exceeding 30%, clarifying that the actual average commission rate is below 20% [1] - The company has initiated legal actions against the spread of false information and emphasized its commitment to high-quality and cost-effective products [1] Market Reaction - Analyst Yan Zhaojun from Zhongtai International noted that the stock's sharp decline was influenced by short-term trading activities, with significant sell orders observed during the post-market auction phase [1] - The volatility in Oriental Selection's stock price is attributed to short-term funds, which, after achieving profit targets, tend to withdraw collectively, leading to drastic price fluctuations [1] - Despite the potential for a rebound, the analyst cautioned that such market movements driven by speculative trading are often unsustainable [1]

8月19日，东方甄选股价上演"天地板"，早盘一度暴涨逾23%，午后高台跳水，盘后跌20.89%。若以日内高点计算，追高资金在不足两小时内浮亏 逾30%。 有消息称，一条关于新东方CEO周成刚"涉嫌通过关联交易侵占上市公司利益，已被监管部门立案调查"的消息在网络广泛传播。 对此，新东方回应称，纯属谣言，将发布正式声明。 随后，东方甄选在其微信公众号发布辟谣声明。 东方甄选声明：关于周成刚老师的传闻纯属谣言，关于"东方甄选佣金率长期超30%"的说法严重失实，东方甄选售卖产品确保高品质和高性价 比，实际平均佣金率不到20%。针对上述谣言，我司已启动报警和司法流程，对于这样的不法行为，我们将一追到底。 值得注意的是，在本轮剧烈波动之前，东方甄选已走出独立行情。7月单月上涨85%，8月一度再累涨144%。 此前，去年7月，董宇辉官宣离开东方甄选。"分家"消息公布后的首个交易日（2024年7月26日），东方甄选股价大跌超过23%，市值蒸发30亿港 元，盘中更是创下8.92港元的低点。 （齐鲁晚报·齐鲁壹点客户端编辑 刁俊艳 综合智通财经、东方甄选微信公众号、21世纪经济报道等） ...

一则谣言让一家市值数百亿的公司在一小时内蒸发超百亿港元，东方甄选19日的股价表演堪称港股市场近年来的"经典"高台跳水。 新东方创始人俞敏洪回应更加简短有力，对新浪科技表示："这是彻底的谣言。" 8月19日，新东方旗下电商平台东方甄选（1797.HK）的港股股价坐上"跳楼机"。截至收盘，其股价大跌20.89%，报收34.32港元/股。而就在当天午后，其 股价一度大涨超过25%，冲至53.7港元/股的历史高点。 从暴涨25%到暴跌21%，东方甄选股价的"惊天逆转"只用了短短一个小时。 谣言突袭，股价闪崩 当天下午，社交平台上突然流传一则传言：新东方集团CEO周成刚涉嫌通过关联交易侵占上市公司利益，已被监管部门立案调查。 传言还特别指出"此消息尚未被正式公告，但引发投资者恐慌性抛售"。这两个未经证实的消息迅速引发投资者恐慌性抛售。 股价跳水的速度令人瞠目结舌。从14点49分开始，东方甄选股价极速下挫，在一个多小时里从53.7港元跌至最低点34港元，跌幅高达36.7%。 紧急回应，全面辟谣 面对市场异常波动，东方甄选迅速行动。公司投资关系总监在微信群内表态："没有这样的事情。我们还在年报静默期。" 随后，东方甄选官方 ...