--- title: "Hong Kong Stock Movement: ZHONG JIA GX rises 15%: Senior management personnel changes boost market confidence, governance structure optimization supports stock price increase" type: "News" locale: "en" url: "https://longbridge.com/en/news/275715310.md" description: "ZHONG JIA GX rose 15.00%; China Resources Land fell 0.69%, with a transaction amount of HKD 482 million; Vanke Enterprise rose 4.70%, with a transaction amount of HKD 353 million; Sunac China fell 3.13%, with a transaction amount of HKD 280 million; Cheung Kong Holdings fell 0.09%, with a market value of HKD 163.7 billion" datetime: "2026-02-12T07:21:49.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275715310.md) - [en](https://longbridge.com/en/news/275715310.md) - [zh-HK](https://longbridge.com/zh-HK/news/275715310.md) --- # Hong Kong Stock Movement: ZHONG JIA GX rises 15%: Senior management personnel changes boost market confidence, governance structure optimization supports stock price increase **Hong Kong Stock Movement** ZHONG JIA GX rose 15%. Based on recent key news: 1. On February 10, ZHONG JIA GX announced senior management changes, with Chen Weifeng resigning as executive director and CEO, and Wang Zuwei appointed as a non-executive director. This move is seen as a strategic adjustment for the company, potentially affecting investor confidence and driving up the stock price. Source: Zhitong Finance 2. On February 10, company secretary Zheng Jingye resigned, and Li Liqiang took over. This change may be interpreted by the market as an optimization of the company's governance structure, further boosting the stock price. Source: Zhitong Finance 3. On February 10, Huang Junpeng was reassigned as the chairman of the remuneration committee and nomination committee, while Su Dingjiang was reassigned as a member. This move may be seen as strengthening internal management, enhancing market confidence. Source: Economic Information Daily. Recent fluctuations in Hong Kong stocks have intensified, requiring attention to policy changes. **Stocks with High Trading Volume in the Industry** China Resources Land fell 0.69%. Based on recent key news: 1. On February 12, China Resources Land recorded a large transaction involving HKD 102 million, with the stock price down 0.5% compared to the previous closing price, leading to a decline in stock price. Source: Economic Information Daily 2. On February 9, China Resources Land's Shunde Jurong Cultural and Sports Center topped out, with an investment of approximately HKD 400 million, enhancing the company's influence in the cultural and sports sector. Source: Viewpoint Network 3. On February 10, the real estate industry faced pressure from declining sales, and China Resources improved operational efficiency through functional integration to alleviate sales pressure. Source: Caixin Media. The real estate industry is experiencing a decline in sales, but capital inflow remains strong. Vanke Enterprises rose 4.70%. Based on recent news: 1. On February 12, the Shenzhen municipal government reportedly is formulating a rescue plan worth RMB 80 billion for Vanke to avoid default. This news stimulated Vanke's stock price to rise, with a trading volume of HKD 353 million. 2. On February 11, Vanke's US dollar bonds maturing in November 2029 recorded the largest increase since January 27, 2025, indicating enhanced market confidence in its debt restructuring. 3. On February 9, domestic property stocks rose overall, and Vanke benefited from the stabilization of the national real estate market, with its stock price rising 5.18%. The real estate market is stabilizing, and expectations for policy support are increasing. Sunac China fell 3.13%. Based on recent key news: 1. On February 9, Sunac Real Estate Group released a report disclosing its failure to repay maturing debts and new acts of dishonesty. A subsidiary, Xuzhou Xie Rong Real Estate Co., Ltd., defaulted on a bank loan of RMB 424 million, leading to increased market concerns about its financial condition and putting pressure on its stock price. 2. On February 9, Zhitong Finance reported that domestic property stocks have recently risen, with market confidence somewhat restored. The national real estate market shows clear signs of stabilization, and policy support has increased. Sunac China's stock price briefly rose but later fell back due to financial issues. 3. On February 11, domestic property stocks surged rapidly at the close, with Sunac China rising 1.6%. Shanghai is promoting the acquisition of second-hand houses, improving market confidence, but Sunac China failed to sustain its rise due to financial issues The support for the real estate market policy has increased. **Stocks ranked among the top in industry market capitalization** Cheung Kong Holdings fell 0.09%. Based on recent key news: 1. On February 11, Bank of America Securities raised the target price for Cheung Kong Holdings to HKD 53, reflecting strong performance in Hong Kong development projects and high-end retail sales. Bank of America Securities believes that Cheung Kong Holdings' earnings are highly sensitive to property price growth and expects property prices to enter a cyclical recovery phase. 2. On February 9, the Tuen Mun project "Fei Yang," a collaboration between Cheung Kong Holdings and Sun Hung Kai Properties, recorded transactions for two units, with a total price of HKD 13.113 million. Buyers are satisfied with the surrounding environment of the project and entered the market early, showing confidence in Cheung Kong Holdings' projects. 3. On February 11, Morgan Stanley held an optimistic view on the Hong Kong residential market, expecting property prices to rise by 10% year-on-year, and gave Cheung Kong Holdings an "Overweight" rating, anticipating increased stock price volatility ahead of the earnings season. 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