---
title: "Daily Hong Kong Stock Market News Briefing (March 5, Wednesday)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230564933.md"
description: "1. China Eastern Airlines Corporation Limited completed the repurchase of 84.9823 million shares. \n2. CHINA JINMAO plans to invest CNY 1.687 billion to acquire 49% equity in Xi'an Changmao. \n3. UBS increased its holdings in Ping An Insurance by approximately 3.2724 million shares at HKD 48.15 per share. \n4. Xindong Company expects a net profit of CNY 860 million to 940 million in 2024, turning a profit. \n5. CITIC Bank's CNY 39.943 billion convertible bonds have been converted into 6.71 billion A shares. \n6. Jingji Financial is considering establishing cryptocurrency investment opportunities. \n7. Baidu plans to issue priority notes denominated in RMB. \n8. Minmetals Resources expects revenue of USD 4.479 billion in 2024, an increase of 3%"
datetime: "2025-03-05T01:03:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230564933.md)
  - [en](https://longbridge.com/en/news/230564933.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230564933.md)
generator: "portal-rs"
---

# Daily Hong Kong Stock Market News Briefing (March 5, Wednesday)

1.  China Eastern Airlines Corporation Limited (00670.HK) has repurchased a total of 84.9823 million shares as of the end of February.

2.  CHINA JINMAO (00817.HK) subsidiary plans to spend RMB 1.687 billion to acquire 49% equity in Xi'an Changmao.

3.  UBS increased its holdings in Ping An Insurance (02318.HK) by approximately 3.2724 million shares, at a price of about HKD 48.15 per share.

4.  Xindong Company (02400.HK) issued a profit warning, expecting to achieve a net profit of approximately RMB 860 million to RMB 940 million in 2024, turning a profit from a loss year-on-year.

5.  CITIC Bank (00998.HK): A total of RMB 39.943 billion of CITIC convertible bonds has been converted into A-share common stock, with a total of 6.71 billion shares converted.

6.  Jingji Financial International (01468.HK): is considering establishing investment opportunities and services under the regulation of cryptocurrency licensing.

7.  Baidu (09888.HK): plans to issue preferred notes denominated in RMB.

8.  Minmetals Resources (01208.HK): expects revenue of USD 4.479 billion in 2024, an increase of 3%; after-tax profit of USD 366 million, a year-on-year increase of 228%

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**