Market Overview - The Hang Seng Index is expected to fluctuate around 26,000 points due to the Federal Reserve's hawkish stance on interest rate cuts and ongoing uncertainties in the US-China trade relations [1] - The third quarter economic performance in mainland China has further cooled, prompting a focus on expanding domestic demand and promoting technological self-reliance as outlined in the 14th Five-Year Plan [1] Company News - Pony.ai (2026) has set its share offering price at HKD 139 [3] - Geely has acquired a 26.4% stake in Renault's Brazilian operations, allowing it to benefit from production and sales at the Brazilian factory [3] - Chow Tai Fook (1929) has adjusted prices for some gold products starting today [3] - Sa Sa International (0178) has issued a profit warning, expecting a mid-term profit increase of over 50% [3] Economic Indicators - The US Federal Reserve announced a 0.25% interest rate cut, lowering the target range to 3.75% to 4.00%, and plans to end balance sheet reduction starting December [4] - The Hang Seng Index closed at 26,158 points, up 0.97%, with a trading volume of HKD 228.7 billion [5] - The manufacturing PMI in China fell to 50.6 in October, below expectations, indicating a slowdown in economic activity [7] Sector Focus - The insurance sector is seeing improved investment returns in Q3 due to strong performance in A-shares [6] - AI concept stocks are benefiting from accelerated applications of "Artificial Intelligence+" in mainland China, with breakthroughs in chip development [6] - Macau gaming stocks reported October gaming revenue exceeding expectations, reaching a nearly six-year monthly high [6] Regulatory Developments - The Hong Kong Monetary Authority has launched the "FinTech 2030" initiative, focusing on over 40 projects across four key areas to enhance the financial technology landscape [8] - The Securities and Futures Commission has issued new guidelines to facilitate licensed virtual asset trading platforms, allowing them to merge trading instructions with affiliated overseas platforms [8]

人民銀行 31 日在公開市場開展 3,551 億元人民幣七天期逆回購操作，操作利率 持平於 1.4%。有 1,680 億元逆回購到期，單日淨投放 1,871 億元。人民幣兌美元 中間價按日下調 16 點，報 7.0880 兌一美元。A 股三大指數低開低走，連跌兩 日。滬指全日收報 3,954 點，跌 32 點或 0.8%，成交額 1.03 萬億元；深證成指全 日收報 13,378 點，跌 153 點或 1.1%，成交額 1.29 萬億元；創業板指全日收報 3,187 點，跌 75 點或 2.3%，成交額 5,915 億元。 消化大型科技股季績後，亞馬遜(AMZN.US) 股價飆升約一成，帶動美股周五 反彈。納指高收 143 點或 0.6%，報 23,724 點。標普 500 指數高收 17 點或 0.3%， 報 6,840 點；道指收升 40 點或 0.1%，報 47,562 點。 美國總統特朗普表示，可能會根據即將與中國國家主席習近平舉行的會談結果， 決定是否放棄對中國有否違反貿易協議所進行的調查。特朗普稱，如果一切順 利，他相信中方能說服美方放棄調查。其後，美國貿易代表格里爾亦稱，是否 繼續調查最終取決於 ...

Market Performance - The Hang Seng Index (HSI) fell by 128 points or 0.5%, closing at 26,829 points after a drop of 440 points earlier in the day[1] - The Hang Seng Tech Index decreased by 36 points or 0.6%, ending at 6,514 points[1] - The total market turnover for the day was HKD 173.803 billion[1] U.S. Market Update - The S&P 500 index rose by 39 points or 0.6%, closing at 6,753 points, with technology, utilities, and industrial sectors reaching new highs[1] - The Nasdaq Composite led the gains, increasing by 255 points or 1.1%, to close at 23,043 points[1] - The Dow Jones Industrial Average opened higher but ended slightly down by 1 point, closing at 46,601 points[1] Geopolitical Developments - U.S. President Trump announced a preliminary Gaza agreement between Israel and Hamas, allowing for the release of Israeli hostages[2] - The U.S. government shutdown has entered its second week, with no resolution in sight after the Senate rejected funding proposals[2] Corporate News - HSBC Holdings proposed to privatize Hang Seng Bank at a cash offer of HKD 155 per share, representing a premium of approximately 30.3% over the last closing price of HKD 119[3] - Sany Heavy Industry plans to raise USD 1.5 billion through an IPO in Hong Kong, expected to be one of the largest IPOs this year[3] Automotive Sector - BYD reported a 5.52% year-on-year decline in September sales of new energy vehicles, totaling 396,300 units[4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 瑞 港 建 設 控 股 有 限 公 司 PROSPER CONSTRUCTION HOLDINGS LIMITED 本集團於本年初已新開展了跨境貿易業務，涉及從印尼采購原材料進口國内、 以及自國内采購電子消費品出口，並將持續開拓采購和銷售網路，聚焦智能家 電、新能源汽車等產品出口，開拓東南亞、南亞的一帶一路地區的農產原材 料、礦產等特色產品進口，致力於打造成爲跨境貿易集采中心。 據以上所述，且以海發集團作爲本集團的既有業務夥伴，董事會認爲本集團已 早著先機、可從該規劃將釋放的商機中獲取重大利益，亦將進一步因應該規劃 而制定針對性發展策略。 股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 瑞港建設控股有限公司 執行董事 周宏宝 香港, 2025 年 9 月 18 日 於本公告日期，於本公告日期，董事會成員包括執行董事姜洪昌先生(董事會主席)、劉玉濤先 生、杜建志先生、周宏宝先生、李春曉先生;及 ...

Market Performance - The Hang Seng Index (HSI) rose by 539 points or 2.2%, closing at 25,617 points, driven by Alibaba's influence[1] - The National Index increased by 174 points or 1.9%, closing at 9,121 points[1] - The Hang Seng Tech Index gained 124 points or 2.2%, ending at 5,798 points[1] - Total market turnover reached HKD 380.23 billion[1] Economic Indicators - The People's Bank of China conducted a 182.7 billion yuan reverse repurchase operation at a rate of 1.4%[1] - The USD/CNY midpoint was adjusted down by 42 points to 7.1072[1] - In July, the total retail sales value in Hong Kong was estimated at HKD 29.7 billion, a year-on-year increase of 1.8%, below the expected 2.5%[2][3] Automotive Sector Insights - BYD reported a production of 353,090 new energy vehicles in August, a year-on-year decrease of 3.8%[3] - Li Auto delivered 28,529 vehicles in August, a decrease of approximately 7.2% from July[4] - NIO delivered 31,305 vehicles in August, marking a year-on-year growth of 55.2%[4]

Market Overview - The Hang Seng Index is facing resistance at 24,700 points, with a projected P/E ratio of 11 times over the next 12 months [2] - The US-China trade talks have seen limited progress, and there is a lack of willingness from China to implement further economic stimulus measures [2] - The inflow of capital from the north has slowed down, indicating limited improvement in corporate earnings [2] Macro Focus - The US has announced tariffs on Japan and South Korea at 25%, and on Laos and Myanmar at 40%, effective August 1 [4][8] - The US Treasury Secretary anticipates discussions with Chinese officials to advance trade and other issues [4][8] - The US Federal Reserve has maintained interest rates, with expectations of two rate cuts totaling 0.5% this year, reflecting a cautious stance on inflation uncertainties [4][8] - The Chinese central bank increased its gold reserves by 70,000 ounces in June, continuing a trend of accumulation [4][8] Sector Highlights - The biotechnology sector is expected to benefit from new measures supporting the high-quality development of innovative drugs [7] - Macau's gaming revenue in June increased by 19% year-on-year, exceeding expectations [7] - The power sector is seeing increased demand due to high temperatures [7] Company News - Lens Technology (6613) priced its shares at HKD 18.18, a discount of nearly 28% compared to A-shares [10] - Dongfeng Motor (0489) aims to maintain its annual sales target of 3 million vehicles, with a focus on 1 million new energy vehicles [10] - Xiaomi (1810) reported a 20-fold increase in air conditioner sales in Northeast China due to unprecedented high temperatures [10] - NIO (9866) plans to officially launch its third factory in Hefei in September [10] - JD Logistics (1519) reported a 23.5% year-on-year increase in parcel volume for the second quarter [10]