Hong Kong Stock Movement: FLOWING CLOUD faces a reduction of 253 million shares, with the stock price plummeting 15.10%, triggering market panic

Hong Kong Stock Movement FLOWING CLOUD fell 15.10%. Based on recent key news: On December 8, the Hong Kong Stock Exchange disclosed that FLOWING CLOUD was reduced by 253 million shares, leading to a significant drop in stock price. The reduction in shareholding has negatively impacted market confidence, resulting in a price drop of 15.10%. Source: Hong Kong Stock Exchange Disclosure. On December 8, the percentage change in the issued shares of FLOWING CLOUD increased by 10.23%, indicating selling pressure on the stock. Source: Hong Kong Stock Exchange Disclosure. The Hong Kong stock market has recently experienced increased volatility and requires attention. Stocks with High Trading Volume in the Industry Huilyang Technology fell 0.63%, with a trading volume of HKD 95.94 million, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. Yuewen Group fell 2.77%. Based on recent key news: On December 8, Yuewen Group reached an industry-first commercial licensing cooperation for the comic drama "This Dungeon Grows Mushrooms" in collaboration with Zhixing He Yi. This move marks Yuewen's commercialization attempt in the comic drama field, and the market holds a wait-and-see attitude towards its commercialization effectiveness, affecting the stock price decline. According to data from the Douyin platform, the monthly view count for the comic drama across the internet has exceeded 10 billion, showing the potential market's huge appeal, but the deep user payment capability remains questionable. On December 8, the involvement of AI technology has made comic dramas a lower-cost content production model, with traditional animation costing between 50,000 to 100,000 yuan per minute, while AI comic dramas only require 500 to 1,000 yuan. Yuewen Group's investment in this area may raise market concerns about its profitability, leading to stock price pressure. On December 8, the user scale of comic dramas showed astonishing potential, with the number of web literature users reaching 575 million, micro-short drama users reaching 662 million, and online comic users reaching 304 million. Despite the large user base, the market remains cautious about Yuewen's ability to effectively convert this into profitability, affecting stock performance. New productive forces in the content industry are emerging, but risks remain. Quzhi Group fell 4.66%. Based on recent key news: On December 8, Quzhi Group reached a strategic cooperation with members of the Dubai ruling family to promote the HOLOX project. This aims to develop a new generation of entertainment and lifestyle experiences based on AI, which may boost market confidence in the short term and contribute significantly to performance growth in the long term. Source: Phillip Securities Research Department. On December 8, Quzhi Group's shareholders transferred stocks from Citibank to China Merchants Yonglong Bank, with a transfer market value of HKD 312 million, accounting for 3.44%. This move may reflect shareholders' confidence in the company's strategic cooperation. Source: Zhito Finance. No other significant news recently. AI technology is widely applied in the entertainment industry. Stocks with High Market Capitalization in the Industry Xinhua Wenhui fell 0.67%, with a market capitalization of HKD 12.8 billion, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation