Core Viewpoint - China Hongqiao (1378.HK) has seen a significant stock price increase, reaching a historical high of 28.02 HKD, with a year-to-date gain of 160.89% and a market capitalization of approximately 266.9 billion HKD [1] Company Summary - China Hongqiao has been actively repurchasing its shares, spending 2.3371 million HKD to buy back 88,500 shares on October 8, with repurchase prices ranging from 26.12 to 26.58 HKD per share [1] - Jefferies has indicated that, in addition to the 2.6 billion HKD already repurchased in the first half of 2025, China Hongqiao plans to conduct at least 3 billion HKD in stock buybacks, with an annual dividend yield exceeding 60%, reflecting management's confidence in the company's performance [1] - Recent buyback activities show that the cumulative number of shares repurchased in the latest round is 15.4 million, accounting for 1.64% of the total share capital [6][8] Industry Summary - The Ministry of Industry and Information Technology and seven other departments have issued the "Nonferrous Metals Industry Stabilization and Growth Work Plan (2025-2026)", aiming for an average annual growth of around 5% in the value added of the nonferrous metals industry and a 1.5% annual increase in the production of ten major nonferrous metals from 2025 to 2026 [1] - The plan highlights the rapid development of China's nonferrous metals industry while addressing issues such as insufficient resource security, aiming to enhance the level of the industrial and supply chain [1] - CITIC Securities suggests that concerns over U.S. government shutdowns, potential interest rate cuts, and recession expectations are driving global investor worries about U.S. dollar credit and sovereign debt, which in turn is boosting prices of precious metals like gold and silver, as well as Bitcoin, indicating investment opportunities in the nonferrous metals sector [1]
港股异动｜中国宏桥涨4%创历史新高 年内累涨1.6倍 市值突破2600亿！