--- title: "AH shares fluctuate and decline! The ChiNext Index falls by 1%, stablecoin concepts are active, the Hang Seng Index drops by 1%, Alibaba, JD.com, and Meituan all decline, government bonds rise, and commodities fall" type: "News" locale: "en" url: "https://longbridge.com/en/news/247426022.md" description: "The A-share cross-border payment concept rose sharply in the short term, with HyUnion Holding up over 8%, and stocks such as Xinya Da, Huafeng Super Fiber, NORTHKING TECH., and Tianyang Technology also rising. The stablecoin concept became active again, with NORTHKING TECH. up over 7%, and HyUnion Holding, Cuiwei Co., and Geer Software also following suit. Hong Kong tech stocks fell, with JD.com, Meituan, and Alibaba leading the declines, while tea beverage stocks rebounded, with Cha Baidao and Guming once rising over 10%, and Mixue Group up over 4%" datetime: "2025-07-07T08:17:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/247426022.md) - [en](https://longbridge.com/en/news/247426022.md) - [zh-HK](https://longbridge.com/zh-HK/news/247426022.md) --- # AH shares fluctuate and decline! The ChiNext Index falls by 1%, stablecoin concepts are active, the Hang Seng Index drops by 1%, Alibaba, JD.com, and Meituan all decline, government bonds rise, and commodities fall On Monday, July 7th, the A-shares opened lower in the morning, with the three major indices slightly declining. The ChiNext dropped by 1%, and the stablecoin concept became active again, with sectors such as diversified finance and real estate strengthening. The Hong Kong stock market also opened lower, with the Hang Seng Index and the Hang Seng Tech Index both declining. JD.com, Meituan, and Alibaba all fell, while beverage stocks rebounded. In the bond market, government bond futures rose, and in commodities, domestic commodity futures retreated. Core market trends: > **A-shares**: As of the time of writing, the Shanghai Composite Index fell by 0.17%, the Shenzhen Component Index fell by 0.57%, and the ChiNext Index fell by 1.00%. > > > > **Hong Kong stocks**: As of the time of writing, the Hang Seng Index fell by 0.78%, and the Hang Seng Tech Index fell by 1.04%. > > > > **Bond market**: Government bond futures strengthened. As of the time of writing, the 30-year main contract rose by 0.10%, the 10-year main contract rose by 0.05%, the 5-year main contract rose by 0.04%, and the 2-year main contract rose by 0.01%. > > **09:47** The ChiNext Index fell over 1%, the Shanghai Composite Index fell by 0.2%, and the Shenzhen Component Index fell by 0.59%. Sectors such as CPO, copper cable high-speed connections, robotics, and consumer electronics saw significant declines, with over 2,900 stocks in the Shanghai, Shenzhen, and Beijing markets falling. **09:43** The Hang Seng Tech Index fell by 1%. **09:42** Medical device concept stocks fluctuated and rose sharply, with Baolite rising over 15%, Wuzhou Medical and Zhongke Meiling rising over 5%, and Yangpu Medical, Chunli Medical, Shanwaishan, Dirui Medical, and Haoaobo also following suit. **09:39** Hong Kong tech stocks fell, with JD.com, Meituan, and Alibaba leading the declines, falling by 1.61%, 3.48%, and 2.47% respectively. Beverage stocks rebounded strongly, with Chabaidao and Guming rising over 10%, and Mixue Group rising over 4%. **09:35** The A-share cross-border payment concept has risen sharply in the short term, with HyUnion Holding up over 8%, and stocks such as Xinya Da, Huafeng Superfiber, NORTHKING TECH., and Tianyang Technology also rising. The stablecoin concept is active again, with NORTHKING TECH. rising over 7%, and HyUnion Holding, Cuiwei Co., Ltd., and Geer Software also following suit. According to reports, the "Stablecoin Regulation" in Hong Kong, China took effect in August. The Secretary for Financial Services and the Treasury, Xu Zhengyu, stated that the Monetary Authority is currently consulting the market on the implementation guidelines for the regulation, which will be announced this month. The specific content will involve anti-money laundering and other related requirements. He also indicated that the number of approved stablecoin licenses will be in single digits, hoping to receive applications after the regulation takes effect, with the goal of issuing licenses within this year. **09:29** Power stocks continue to be strong, with Huayin Power achieving three consecutive limit-ups, Shaoneng Co., Ltd. achieving two consecutive limit-ups, and stocks such as ShenNan Electric A, Xichang Electric Power, Huadian Liaoning Energy, and Leshan Electric Power opening high. On the news front, according to the National Energy Administration, statistics show that on July 4th, the national maximum power load reached 1.465 billion kilowatts, an increase of about 200 million kilowatts compared to the end of June, and an increase of nearly 150 million kilowatts compared to the same period last year, setting a new historical high. **09:21** The Hang Seng Index opened down 0.36%, and the Hang Seng Tech Index fell 0.46%. Cha Baidao rose 15%, and Guotai Junan International rose 2%. **09:01** Most domestic futures main contracts fell. Synthetic rubber fell over 2%, No. 20 rubber, SC crude oil, and the European shipping index fell nearly 2%. In terms of gains, cotton rose 0.44%. ### Related Stocks - [002987.CN](https://longbridge.com/en/quote/002987.CN.md) - [MPNGY.US](https://longbridge.com/en/quote/MPNGY.US.md) - [03690.HK](https://longbridge.com/en/quote/03690.HK.md) - [002537.CN](https://longbridge.com/en/quote/002537.CN.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) ## Related News & Research - [JD.com, Inc. 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