The Hang Seng Index rose 51 points in the half-day session, Xiaomi fell against the trend, SMIC surged over 7%, and gold-related stocks soared | Hong Kong stock market opens

The Hang Seng Index opened 105 points higher this morning, fluctuating within a narrow range. Although the increase once expanded to 169 points, reaching a high of 25,859 points, it quickly reversed and even fell by 6 points at one point. As of noon, it reported 25,742 points, up 51 points or 0.2%, with a turnover of HKD 95.5 billion. In terms of the Tech Index, it reported 5,528 points at noon, up 49 points or 0.9%. National Big Fund Phase III Invests in Anji Technology Among blue-chip stocks, SMIC (981) surged 7.3% in the first half of the day, along with HSBC (005) rising 1.3% and Alibaba (9988) up 0.8%, providing strong support to the market. In contrast, Xiaomi (1810) has shown weak performance recently, dropping over 2% again in the first half of the day. On the news front, according to domestic media reports, the National Big Fund Phase III, through its subsidiary National Investment Group's new equity investment fund, Guoxin Development Investment Management Co., Ltd., and Guangzhou Industrial Investment Holding Group Co., Ltd., has invested in Anji Technology. This may be due to recognition of the company's technical strength in areas such as packaging substrates, and it is expected that capital injection will accelerate its high-end substrate production capacity construction and technological iteration, filling domestic gaps. As for IC substrates, they are the core carriers connecting chips and PCBs, with high technical barriers and low domestic production rates, making it one of the key breakthrough directions for the National Big Fund Phase III. In addition to the sharp rise of SMIC, Hua Hong Semiconductor (1347) rose over 5% in the first half of the day; Innovent Biologics (2577) rose over 4%, and ASMPT (522) and ZTE (763) also rose over 2%. On the other hand, international gold and silver prices are rising, and related stocks have also seen speculation, with Lingbao Gold (3330) rising over 6% in the first half of the day; China Silver (815) rose 5.8%, and Zijin Mining (2899) and Zijin Gold International (2259) rose over 3% and 2.5%, respectively. ————— As Christmas approaches, the Hong Kong stock market will have only 2.5 trading days this week, with a half-day market on Wednesday (Christmas Eve) and a full market closure on Thursday and Friday. Analysts predict that the Hong Kong stock market will be quiet this week, with the Hang Seng Index fluctuating between 25,500 and 26,500 points, but "travel stocks" may see speculative trading. On the other hand, the new stock market is quite lively, with four new stocks debuting today, and six new stocks set to be listed tomorrow (23rd). The US stock market will also have a half-day market on Wednesday and be closed on Thursday; mainland markets will trade as usual. According to our statistics over the past three years during the Christmas week, the Hang Seng Index recorded two increases and one decrease, with increases of 0.01% and 1.9% in 2022 and 2024, respectively; while in 2023, it fell by 2.7%. The Hang Seng Index opened 105 points higher this morning, reporting 25,795 points. Tech stocks generally moved upward, with Alibaba (9988) rising 0.48%; Tencent (700) rising 0.98%; Meituan (3690) rising 1.46%; JD.com (9618) rising 0.09%; while Xiaomi (1810) fell 0.4%. China Shenhua Acquires Parent Company's Assets Involving 133.6 Billion In individual stock news, China Shenhua (1088) announced an asset restructuring plan, intending to acquire 12 target companies under its controlling shareholder, China Energy Group, and its subsidiary, Western Energy, through the issuance of A-shares and cash payment. The total transaction price is nearly RMB 133.6 billion, with 30% to be paid through the issuance of consideration shares and the remaining 70% settled in cash At the same time, the listed company plans to issue A-shares to no more than 35 specific investors to raise funds not exceeding 20 billion yuan. The stock opened at 40.28 yuan, up 1.5%. Huazhang Biotechnology Oversubscribed 790 Times In the new stock market, 4 new stocks were listed on their first day, with 3 significantly "diving." Among them, Huazhang Biotechnology (2396) recorded approximately 790 times oversubscription in its public offering, with a first-hand winning rate of 2.5%, and international offering oversubscribed 5 times. The stock opened at 33.8 yuan, down 11.5%. Impression Da Hong Pao Oversubscribed 3396 Times Impression Da Hong Pao (2695) recorded approximately 3,396 times oversubscription in its public offering, with a first-hand winning rate of 0.8%, and the international offering recorded 0.91 times oversubscription, opening at 3.26 yuan, down over 9%. In addition, Mingji Hospital (2581) recorded over 5 times oversubscription in its public offering, with a first-hand winning rate of 50.01%, and the international offering recorded 0.28 times oversubscription, opening at 6.5 yuan, down 30%. Xidi Zhijia (3881) recorded 21.5 times oversubscription in its public offering, with a first-hand winning rate of 50%, and the international offering oversubscribed 1.1 times, opening at 227 yuan, with no change. Wu Lixian Expects Hang Seng Index to Fluctuate Between 25500 and 26500 Wu Lixian, a securities strategist at Everbright Securities International, stated that due to the increase in the Hong Kong stock ADR index last Friday, it is expected that Hong Kong stocks will rise moderately today. However, the overall situation this week will continue the quiet trend of last week, with low trading volume and volatility, expecting the Hang Seng Index to fluctuate between 25500 and 26500 points. At the same time, travel stocks may see speculation, especially optimistic about Chinese aviation stocks, which are expected to benefit from increased order volume due to the New Year's holiday, falling oil prices, and a strengthening yuan. He also mentioned that the U.S. will announce its third-quarter Gross Domestic Product (GDP) on Tuesday, which is of great interest to investors to understand the U.S. economic situation