Core Viewpoint - The stock of Oriental Selection surged over 14% at one point and is currently up over 11% following the company's statement addressing rumors about its commission rates and management [1] Group 1: Company Response - Oriental Selection issued a statement clarifying that rumors regarding Zhou Chenggang are purely false [1] - The company refuted claims that its commission rate has been consistently over 30%, stating that the actual average commission rate is below 20% [1] - In response to the misinformation, the company has initiated legal action and will pursue the matter thoroughly [1]

每经AI快讯，8月20日，港股东方甄选一度涨超14%，现涨超10%。 ...

Group 1 - The stock of Dongfang Zhenxuan in Hong Kong rose over 12% on August 20 [2]

Core Viewpoint - The stock of Oriental Selection (01797) experienced significant volatility, initially rising nearly 5% but later closing down 20.89% amid rumors regarding CEO Zhou Chenggang's involvement in regulatory investigations [1] Group 1: Stock Performance - Oriental Selection's stock opened nearly 5% higher and saw 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] Group 2: Rumors and Company Response - The company issued a statement refuting rumors about CEO Zhou Chenggang being under investigation for related party transactions, labeling them as false [1] - The claim regarding Oriental Selection's commission rate being over 30% was also denied, with the actual average commission rate reported to be below 20% [1] - The company has initiated legal action against the spread of these rumors [1] Group 3: Market Analysis - Analyst Yan Zhaojun from Zhongtai International noted that the stock's price fluctuations were driven by short-term capital, with significant selling pressure observed during the afternoon session on August 19 [1] - The analyst indicated that while there may be potential for a rebound, such market movements led by speculative funds are often not sustainable [1]

Market Overview - The Hong Kong stock market is experiencing a continued adjustment, with the Hang Seng Index at 24,898 points, down 0.89% [1] - The Hang Seng Tech Index is reported at 5,475 points, down 1.20% [1] Focus Stocks - Oriental Selection shows a strong rebound, rising over 10% after significant fluctuations the previous day [3] - Tech stocks are collectively declining, with Xiaomi down over 2%, and JD.com and Kuaishou down over 1% [3] - New consumption concept stocks are mixed, with Xpeng Motors up over 3% and Pop Mart down over 2% [3] - Gaming stocks are active, with Wynn Macau up nearly 1% [3] - Gold stocks are generally down, with China Silver Group falling over 4% [3] - Chinese brokerage stocks are weakening, with Huatai Securities down over 2% [3] Cross-Border ETFs - Cross-border ETFs are generally down, with only a few exceptions such as the France CAC40 ETF, S&P 500 ETF, Hong Kong Stock Connect Auto ETF, and Dow Jones ETF showing slight increases [3] - Nasdaq Tech ETF, Hong Kong Internet ETF, and Hang Seng Internet ETF are down over 2% [3] - Hong Kong Securities ETF, Nikkei ETF, and Hong Kong Tech ETF are down over 1% [3]

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]