信达国际控股港股晨报-20251008

Market Overview - The Hang Seng Index is expected to rise towards 28,000 points due to the extension of the US-China tariff truce and a general easing of trade tensions, alongside expectations of potential policy support ahead of the October Fourth Plenary Session [2] - Despite no improvement in corporate earnings, the resurgence of AI-related stocks is leading the market, particularly in the technology sector [2] Macro Focus - China's foreign exchange reserves increased by 0.5% month-on-month, with the central bank continuing to accumulate gold for 11 consecutive months [3][8] - The World Bank has raised its forecast for China's economic growth this year to 4.8%, although a slowdown is expected next year [3] - The WTO has significantly downgraded its forecast for global goods trade growth in 2026, citing headwinds from unilateral tariffs [3] Corporate News - Cloud technology company Yunji Technology (2670) is launching an IPO today, aiming to raise up to 660 million HKD [4] - Xiaomi's (1810) sales performance for the new 17 series has exceeded expectations [4] - Geely Automobile (0175) plans to repurchase shares worth 2.3 billion HKD [4] - Botai Car Union (2889) is collaborating with Tang (0020) to expand into humanoid robotics and other fields [4] Sector Insights - AI concept stocks are gaining traction as mainland China accelerates the application of "Artificial Intelligence+" [7] - Mobile device stocks are performing well due to strong sales of new flagship smartphones, with OpenAI reportedly developing its own AI devices [7] - Biotech stocks are expected to be less affected by US tariffs on innovative drugs, benefiting from the interest rate reduction cycle [7] Retail Sector - Hong Kong's retail sector is experiencing low double-digit growth, with luxury goods sales outperforming last year, driven by an increase in mainland visitors during the National Day and Mid-Autumn Festival [9] Financial Sector - The total assets of the Mandatory Provident Fund (MPF) in Hong Kong have reached a new high of over 1.5 trillion HKD, with significant returns from stock and mixed asset funds [9]