---
title: "Daily Hong Kong Stock Market News Express (Tuesday, September 3)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/213250825.md"
description: "News Summary: Seazen has mortgaged investment properties worth 94.1 billion yuan, BAIC MOTOR and BAIC New Energy signed a framework agreement with a total subscription price of 2 billion yuan. BBMG's 2024 interim results show operating income of 11.22 billion yuan, a year-on-year decrease of 22.55%. Kingsoft Cloud and China Merchants Leasing have reached an agreement with a total principal amount of no more than 495 million yuan. CSPC Pharmaceutical's new drug has received breakthrough therapy designation from the U.S. FDA. Great Wall Motor has converted convertible bonds worth 4.729 million yuan into stocks. Fosun Pharma has appointed Chen Zhanyu as CFO, with a term until the end of the board term in 2024"
datetime: "2024-09-03T01:01:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/213250825.md)
  - [en](https://longbridge.com/en/news/213250825.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/213250825.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/213250825.md) | [繁體中文](https://longbridge.com/zh-HK/news/213250825.md)


# Daily Hong Kong Stock Market News Express (Tuesday, September 3)

Individual Stock News

1.  Seazen (01030.HK): The company has mortgaged investment properties worth RMB 94.1 billion, with nearly RMB 30 billion of investment properties remaining unpledged to meet future financing needs.
    
2.  BAIC MOTOR (01958.HK): The company has entered into a framework agreement with BAIC New Energy, conditionally agreeing to subscribe for shares to be issued by BAIC New Energy at a subscription price of approximately RMB 2.3815 per share. The total subscription price is RMB 2 billion.
    
3.  BBMG (02009.HK): Announced the 2024 interim results of Jidong Cement, with operating income of approximately RMB 11.22 billion, a year-on-year decrease of 22.55%; the net loss attributable to the parent company is approximately RMB 0.806 billion, a 120% increase year-on-year.
    
4.  Kingsoft Cloud (03896.HK): Kingsoft Cloud (Qingyang) Data, Kingsoft Cloud Network, and China Merchants Finance and Leasing have entered into a financing lease agreement, with the lessor agreeing to provide financing lease services to the lessee through direct financing lease within the framework agreement period, with a total principal amount not exceeding RMB 495 million.
    
5.  Sino Biopharmaceutical (02096.HK): Xywa Sublingual Tablets by Sino Biopharmaceutical received breakthrough therapy designation from the U.S. Food and Drug Administration for the treatment of acute ischemic stroke.
    
6.  Great Wall Motor (02333.HK): From December 17, 2021, to August 31, 2024, a total of 4.729 million yuan of "Great Wall Convertible Bonds" have been converted into company shares, with a cumulative conversion of 124,200 shares, accounting for 0.0013% of the total issued shares before conversion.
    
7.  Fosun Pharma (02196.HK): Upon CEO nomination, Mr. Chen Zhanyu has been appointed as Senior Vice President and Chief Financial Officer of the company, with a term from September 2, 2024, until the expiration of the current board of directors' term

### Related Stocks

- [SEAZEN (01030.HK)](https://longbridge.com/en/quote/01030.HK.md)
- [Seazen (601155.CN)](https://longbridge.com/en/quote/601155.CN.md)
- [BBMG (02009.HK)](https://longbridge.com/en/quote/02009.HK.md)
- [BBMG (601992.CN)](https://longbridge.com/en/quote/601992.CN.md)
- [BAIC MOTOR (01958.HK)](https://longbridge.com/en/quote/01958.HK.md)
- [FOSUN PHARMA (600196.CN)](https://longbridge.com/en/quote/600196.CN.md)
- [FOSUN INTL (00656.HK)](https://longbridge.com/en/quote/00656.HK.md)
- [FOSUN PHARMA (02196.HK)](https://longbridge.com/en/quote/02196.HK.md)

## Related News & Research

- [A Look At Fosun International (SEHK:656) Valuation After Recent Mixed Share Price Performance](https://longbridge.com/en/news/281035263.md)
- [Fosun Pharmaceutical to Set Up Parallel Fund Structure](https://longbridge.com/en/news/281297569.md)
- [Guan Chao's Loss Balloons in 2025](https://longbridge.com/en/news/281314987.md)
- [COSCO Shipping Vessels Stuck in Persian Gulf Despite Iran's Assurances of Safe Passage for China Ships](https://longbridge.com/en/news/281013216.md)
- [Zhongtai Securities Sticks to Its Buy Rating for Wasion Holdings Limited (3393)](https://longbridge.com/en/news/281141455.md)