AGRICULTURAL BANK OF CHINA(SH:601288) Zhong Guo Ji Jin Bao·2025-11-12 13:05Group 1: Market Performance - The Hong Kong stock market indices collectively rose, with the Hang Seng Index reaching above 27,000 points during trading [3][6] - Agricultural Bank of China (ABC) saw its stock price and market value hit historical highs, with a year-to-date increase of 51.22% in Hong Kong and over 68% in A-shares [6][8] - Major sectors such as finance, oil, pharmaceuticals, and home appliances showed strong performance, contributing to the overall market rally [3][6] Group 2: Sector Highlights - The insurance sector is experiencing growth, with several large insurance companies launching new products aimed at increasing new business growth [8] - Pharmaceutical stocks were active, with companies like BeiGene and Kingsoft Biotech seeing significant price increases, driven by improving overseas demand and a recovery in orders for contract research organizations (CROs) [13][14] - Home appliance stocks benefited from the "Double Eleven" shopping festival, with companies like Hisense and Midea Group reporting substantial gains [15][16] Group 3: Digital Bond Issuance - The Hong Kong government successfully priced approximately HKD 10 billion worth of digital green bonds, marking the largest issuance of its kind globally [18] - The issuance attracted over HKD 130 billion in subscriptions, indicating a 12-fold oversubscription [18] - The initiative aims to enhance interoperability between different digital infrastructures and set a foundation for future digital currency integration [18]