Group 1: Market Overview - The report indicates that the Hong Kong stock market is expected to experience low trading activity ahead of the Christmas holiday, with the Hang Seng Index showing a slight increase of 192 points or 0.75% on the last trading day before the holiday [2][3] - The Hang Seng Index closed at 25,690.53 points, with a weekly decline of 286 points or 1.1% [2][3] - The report notes that the majority of blue-chip stocks saw gains, particularly in the tech sector, with notable increases in Alibaba, Baidu, Tencent, and Meituan [3] Group 2: Economic and Industry Insights - Goldman Sachs predicts that global stock markets will continue to rise next year due to corporate earnings growth and the Federal Reserve's accommodative monetary policy, although returns are expected to be more moderate compared to 2025 [6] - The report highlights that the Chinese economy still faces several bottlenecks in its circulation, with local protectionism and market segmentation hindering the free flow of goods and resources [7][8] - The National Development and Reform Commission emphasizes the need to deepen the construction of a unified national market to address these issues and enhance domestic circulation, especially as external demand weakens [8] Group 3: Company News - HKTVmall's parent company, Hong Kong Technology Exploration, appointed former CEO of Hong Kong Broadband, Yang Zhuoguang, as an independent non-executive director, effective January 1 [10] - Vanke reported that its management shareholding remains unchanged, and the company is actively promoting bulk asset transactions, having completed 19 projects with a total signed amount of 6.86 billion RMB in the first three quarters [11] - Minhua Holdings announced the acquisition of the American furniture manufacturer Gainline Recline for approximately 320 million USD, which is expected to enhance its distribution network and production capabilities in the U.S. [12]
每日投资策略-20251222
Guodu Securities Hongkong·2025-12-22 01:42