---
title: "Hong Kong Stock Movement: GDC fell 15.29%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258458303.md"
description: "GDC fell 15.29%; China RuYi rose 2.77%, with a transaction volume of HKD 338 million; Damai Entertainment fell 1.89%, with a transaction volume of HKD 150 million; NetEase Cloud Music fell 1.69%, with a transaction volume of HKD 59.19 million; Tencent Music - SW fell 1.77%, with a market value of HKD 292.7 billion"
datetime: "2025-09-23T05:41:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258458303.md)
  - [en](https://longbridge.com/en/news/258458303.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258458303.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/258458303.md) | [繁體中文](https://longbridge.com/zh-HK/news/258458303.md)


# Hong Kong Stock Movement: GDC fell 15.29%

**Hong Kong Stock Movement**

**Stocks with High Trading Volume in the Industry**

China RuYi rose 2.77%. Based on recent important news:

1.  On September 22, China RuYi was included in the FTSE China Large Cap Index, increasing market attention and liquidity premium, which is expected to attract more capital inflow and drive up stock prices. Data source: Zhitong Finance.
    
2.  On September 22, Tianfeng Securities gave China RuYi a buy rating, further enhancing market confidence. Data source: Zhitong Finance.
    
3.  On September 22, Quick Money Financial Services underwent a shareholder change, with Shanghai RuYi Xingchen Enterprise Management Co., Ltd. becoming a new shareholder, which may affect the company's future development. Data source: 36Kr. The Hong Kong stock market is active, with significant capital inflow.
    

Damai Entertainment fell 1.89%. Based on recent important news:

1.  On September 22, Damai Entertainment announced that the upper limit of the transaction amount for the procurement framework agreement with an Alipay member company was raised from RMB 36 million to RMB 100 million, due to an increase in the variety and quantity of new products, leading to a rise in procurement demand and stock price fluctuations.
    
2.  On September 22, Damai Entertainment officially announced Zhao Jinmai as its spokesperson and launched a brand renewal campaign, increasing market attention, which affected the stock price.
    
3.  On September 23, a Citigroup report pointed out that Damai Entertainment added a new entry on the Taobao flash sale page, which is expected to have a positive impact on the ticketing business, maintaining a buy rating. The cultural media industry ranks 4th.
    

**Stocks with High Market Capitalization in the Industry**

Tencent Music - SW fell 1.77%. According to recent key news:

1.  On September 22, Fitch confirmed Tencent Music's rating at 'A-', with a stable outlook. This rating confirmation indicates the company's financial condition is robust, and although the stock price has declined, the stability of the rating may provide some support for investor confidence. The Hong Kong stock market is volatile, and risks should be monitored

### Related Stocks

- [GDC (08271.HK)](https://longbridge.com/en/quote/08271.HK.md)

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