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 ...

Group 1 - The U.S. White House launched an official TikTok account, gaining over 20,000 followers as of August 19 [1] - DeepSeek released the V3.1-Base version of its model on Hugging Face, which has 685 billion parameters and is gaining popularity, ranking 4th on the platform [2] - NVIDIA experienced its largest single-day drop in nearly four months, falling 3.5%, alongside declines in other tech stocks like Apple, Microsoft, and Google [3] Group 2 - OpenAI's CEO Sam Altman announced that GPT-6 is in development, promising more personalized interactions by remembering user preferences [4] - The job market for AI positions surged, with a 29-fold increase in postings on the Maimai platform in July compared to January 2024, totaling over 72,000 available roles [4] - OpenAI introduced a new subscription plan, ChatGPT Go, in India priced at 399 Indian Rupees (approximately $4.57), significantly lower than existing plans [5] Group 3 - ByteDance denied rumors of launching its own smartphone, stating it is focused on providing AI capabilities to hardware manufacturers [6] - Oriental Selection's stock experienced significant volatility, initially rising over 23% before closing down 20.89% amid rumors regarding its CEO [8] - Apple’s iPhone 17 has entered mass production, with expectations of enhanced AI features and upgrades in various components [9] Group 4 - Xiaomi's executives confirmed the company will not engage in a price war in the automotive sector, focusing instead on delivering vehicles and narrowing operating losses [10] - Xiaomi's president mentioned that while the company sees potential in humanoid robots, achieving a commercial breakthrough remains challenging [10] Group 5 - Game Science announced the launch of the official website for its new game "Black Myth: Zhong Kui," indicating a commitment to evolving the franchise while reflecting on past shortcomings [11]

Macro News - The Ministry of Human Resources and Social Security and four other departments announced new regulations for personal pension withdrawals, effective September 1. Three new conditions for withdrawal include: medical expenses exceeding the previous year's per capita disposable income, receiving unemployment insurance for 12 months within the last two years, and currently receiving minimum living security [1] - The Ministry of Finance reported that from January to July 2025, stamp duty revenue reached 255.9 billion yuan, a year-on-year increase of 20.7%. Specifically, securities transaction stamp duty was 93.6 billion yuan, up 62.5% year-on-year. In July alone, it was 15.1 billion yuan, a month-on-month increase of 29% [1] Industry News - The Ministry of Industry and Information Technology and the Ministry of Civil Affairs held a meeting on August 19 to regulate the photovoltaic industry, emphasizing the importance of maintaining competitive order for high-quality development. Key points include strengthening industry regulation, curbing low-price competition, and standardizing product quality [2] - The Guangdong Provincial Government released policies to promote high-quality development in the commercial aerospace sector from 2025 to 2028, focusing on infrastructure support for ground stations, commercial satellites, and rockets, as well as promoting satellite application products and components [2] - Dongfang Zhenxuan issued a statement denying rumors about its commission rates and announced legal actions against the spread of false information [2] Overseas News - On August 19, U.S. stock indices showed mixed results. The Dow Jones Industrial Average rose by 10.45 points to 44,922.27, while the S&P 500 fell by 37.78 points to 6,411.37, and the Nasdaq Composite dropped by 314.82 points to 21,314.95. Major tech stocks mostly declined, with AMD down over 5% and Nvidia down over 3% [3] - The U.S. Department of Commerce announced the inclusion of 407 product categories in the steel and aluminum tariff list, with a tax rate of 50%. This new list covers a wide range of products, including wind turbines, mobile cranes, and various machinery [3]

Group 1 - The stock price of Oriental Selection experienced significant volatility, initially surging over 23% before plummeting by 20.89% in the afternoon session [1][7] - There are rumors regarding CEO Zhou Chenggang being investigated for related party transactions, which Oriental Selection has denied, calling it pure speculation [1][3] - New Oriental's founder, Yu Minhong, also labeled the rumors as completely false, and the company has initiated legal actions against the spread of such misinformation [3] Group 2 - Zhou Chenggang, the CEO of New Oriental Education Technology Group, has a notable background, including a master's degree from Macquarie University and various leadership roles within the company since 2000 [6] - Zhou has been recognized in the Forbes China Best CEO list for 2024 and has led the launch of New Oriental's first AI education product [6] - Recent reports suggest that former employee Dong Yuhui has achieved significant financial success after leaving Oriental Selection, which has been disputed by the involved parties [9]

Key Points - The article discusses various important updates in different sectors, including government policies, financial data, and industry developments. Group 1: Government Policies and Financial Data - The Ministry of Human Resources and Social Security, along with four other departments, announced new regulations for personal pension withdrawals, effective from September 1, which will introduce three additional withdrawal scenarios [3]. - In the first seven months of this year, local government special bonds and other financial instruments have led to a government fund budget expenditure increase of 31.7%, amounting to 2.89 trillion yuan [6]. - In July, the national general public budget revenue reached 20,273 billion yuan, a year-on-year increase of 2.6%, marking the highest monthly growth rate this year [6]. - The Ministry of Finance reported that stamp duty revenue for the first seven months was 2,559 billion yuan, with a year-on-year increase of 20.7%, and securities transaction stamp duty alone was 936 billion yuan, up 62.5% [7]. Group 2: Industry Developments - A joint meeting was held by six departments to discuss the photovoltaic industry, emphasizing the need for industry regulation to curb low-price competition and promote sustainable development [2][7]. - The Guangdong Provincial Government issued policies to support the high-quality development of commercial aerospace, including satellite constellation construction and providing a "green channel" for project approvals [8]. - The Shanghai Municipal Government released an implementation plan to accelerate the development of "AI + manufacturing," focusing on deploying industrial robots in high-risk work scenarios to enhance production efficiency and safety [8]. Group 3: Company News - Xiaopeng Motors reported a total revenue of 34.09 billion yuan for the first half of the year, reflecting a year-on-year increase of 132.5% [12]. - Pop Mart's net profit attributable to shareholders surged by 396.5% in the first half of the year [13]. - Xian Da Co. achieved a net profit of 136 million yuan in the first half, marking a staggering year-on-year increase of 2,561.58% [13]. - Jiangte Electric announced that Yichun Yinli will officially resume production soon [15]. - Dongjie Intelligent is planning a change in control, leading to a suspension of its stock and convertible bonds starting August 20 [16].

央广网北京8月19日消息（记者 邵蓝洁）19日，东方甄选股价自高位大幅下跌，早盘一度暴涨逾23%， 午后高台跳水，收跌20.89%。针对有消息称新东方CEO周成刚被监管部门立案调查一事，东方甄选发 布声明表示，该传闻纯属谣言。同时，针对"东方甄选佣金率长期超30%"一事，声明表示，实际平均佣 金不到20%，针对上述谣言，公司已启动报警和司法流程，对于这样的不法行为，公司将一追到底。 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。 东方甄选 2025年8月19日 ...