---
title: "Hong Kong Stock Mid-Review | Hang Seng Index rose 0.58% in the morning session, domestic bank stocks warmed up"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/263938279.md"
description: "The Hong Kong Hang Seng Index rose 0.58% in the morning session, reporting 26,057 points. The domestic bank stocks rebounded, with third-quarter report performances showing steady improvement. Huishang Bank rose 4.79%, and China Construction Bank rose 3.12%. Coal stocks generally rose, with Yancoal Energy up 5.62%. CNOOC's net profit in the third quarter exceeded expectations, with an increase of over 3%. CanSino Biologics rose over 5%, and Chunli Medical rose over 7%. Gold mining stocks fell sharply, with Laopu Gold down 8%"
datetime: "2025-11-03T04:05:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/263938279.md)
  - [en](https://longbridge.com/en/news/263938279.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/263938279.md)
---

# Hong Kong Stock Mid-Review | Hang Seng Index rose 0.58% in the morning session, domestic bank stocks warmed up

According to Zhitong Finance APP, the Hong Kong Hang Seng Index rose 0.58%, up 150 points, closing at 26,057 points; the Hang Seng Tech Index fell 0.24%. The turnover of Hong Kong stocks in the morning session was HKD 132.1 billion.

The banking sector is warming up. The third-quarter performance of banks shows a stabilizing trend, which is favorable for the sector as it enters a long-term capital allocation period by the end of the year. Huishang Bank (03698) rose 4.79%; China Construction Bank (00939) rose 3.12%; Bank of China (03988) rose 2.27%.

Most coal stocks rose. With the heating season starting and enhanced safety supervision, institutions are optimistic that coal prices will maintain a fluctuating upward trend. Yancoal Energy (01171) rose 5.62%; China Qinfa (00866) rose 4%; China Coal Energy (01898) rose 3.5%.

CNOOC (00883) rose over 3%, with third-quarter net profit exceeding market expectations, and key projects progressing in an orderly manner.

CanSino Biologics (09926) rose over 5%, as it received its fourth breakthrough therapy designation, with clinical development and 上市进程 expected to accelerate.

Chunli Medical (01858) rose over 7% again, with overseas business becoming an important source of income, and third-quarter performance growing rapidly year-on-year.

Modern Dairy (01117) rose 5%, as the company's acquisition of China Shengmu triggered a full takeover offer, with a maximum total price exceeding HKD 2 billion.

Legend Holdings (06683) rose over 8%, becoming a strategic shareholder of Galaxy, as the company actively builds a global IP ecosystem.

Gold mining and gold jewelry stocks fell sharply across the board. The new gold tax policy may lead to short-term pressure on physical demand, but medium- to long-term demand remains unaffected. Lao Pu Gold (06181) fell 8%; Chow Tai Fook (01929) fell over 7%.

Jinli Permanent Magnet (06680) fell over 7%, as some directors and senior management plan to reduce their holdings in the company

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