---
title: "Zhitong Hong Kong Stock Early Knowledge | 7 National Standards for Artificial Intelligence and Intelligent Agent Interconnection Series Officially Released, Midea Group's European Air Conditioning Market Welcomes Explosive Growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291068794.md"
description: "Many regions in Europe are experiencing extreme high temperatures, leading to a surge in air conditioning demand. However, due to low penetration rates, installation difficulties, and high costs, the market potential is enormous. Companies like Midea Group and other Hong Kong-listed air conditioning firms are expected to benefit. In the U.S. stock market, the Dow Jones Industrial Average slightly declined, the Nasdaq fell, storage stocks plummeted, and technology stocks rebounded; the NASDAQ Golden Dragon China Index closed up 0.7%"
datetime: "2026-06-28T23:29:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291068794.md)
  - [en](https://longbridge.com/en/news/291068794.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291068794.md)
---

# Zhitong Hong Kong Stock Early Knowledge | 7 National Standards for Artificial Intelligence and Intelligent Agent Interconnection Series Officially Released, Midea Group's European Air Conditioning Market Welcomes Explosive Growth

**【Today's Headlines】**

**Extreme High Temperatures in Europe, China's Air Conditioners in High Demand**

Many regions in Europe have been experiencing high temperatures for several consecutive days, breaking high-temperature records. However, the penetration rate of air conditioning in European countries is far lower than in other major economies. It is reported that only about 20% of households in Europe are equipped with air conditioning or other cooling devices. The main reason is that in the past, summers in Europe, especially in Northern Europe, were not as hot; although there are heatwaves, prolonged high-temperature weather is not frequent, so the demand for air conditioning installation has not been high. Additionally, in many parts of Europe, the difficulty and cost of installing air conditioning are significant. European buildings are generally older, and there are many historic buildings listed for protection, making the process of applying for air conditioning installation complicated and challenging. Furthermore, energy costs in Europe are high, making it difficult for some residents to afford the expensive electricity bills for air conditioning. There are also policy restrictions; to address climate change, Europe has set some green development goals, and significantly increasing the use of air conditioning may make it harder to achieve these goals.

Involved Hong Kong-listed air conditioning companies: Midea Group (00300), Hisense Home Appliances (00921), Haier Smart Home (06690), Aux Electric (02580).

**【Market Outlook】**

**NASDAQ Golden Dragon China Index Rises 0.7%**

Overnight, the Dow Jones Industrial Average closed down 44.51 points from the previous trading day, ending at 51,876.11 points, a decline of 0.09%; the S&P 500 index fell 3.47 points, closing at 7,354.02 points, a decrease of 0.05%; the NASDAQ Composite Index dropped 60.98 points, closing at 25,297.62 points, a decline of 0.24%. Last week, the Dow rose 0.60%, while the NASDAQ fell 4.60%, and the S&P 500 index dropped 1.95%.

Storage concept stocks led the declines, with Western Digital down 13.17%, Seagate Technology down 12.24%. Among large tech stocks, Microsoft rose 5.71%, Amazon increased by 2.5%, and Apple’s stock price rose 3.14%, partially recovering from the previous day's losses.

The NASDAQ Golden Dragon China Index rose 0.7%. The Hang Seng Index ADR rose, closing at 23,040.52 points, up 368.66 or 1.63% compared to the Hong Kong close.

WTI crude oil futures for the current month fell by $1.68, closing at $70.24 per barrel, a decline of 2.34%. COMEX gold futures for the current month rose by $55.40, an increase of 1.37%, closing at $4,103.0 per ounce.

**【Hot Topics Ahead】**

**Federal Reserve's Kashkari: Uncertainties Remain in the Middle East, Expects One Rate Hike This Year**

Minneapolis Fed President Kashkari stated on Friday that he has adjusted his policy expectations and now anticipates that the Federal Reserve will need to raise interest rates once this year. Just over a week after the Federal Open Market Committee (FOMC) voted to keep the benchmark interest rate unchanged, Kashkari mentioned in a public speech that due to the inflation surge triggered by conflicts in the Middle East continuing to impact the U.S. economy, along with other contributing factors, he believes there is a significant likelihood of one rate hike this year **Apple Wants to Buy Changxin Storage Chips**

On June 27, market news reported that while trying to control chip costs, Apple Inc. is pressuring the White House to be allowed to purchase storage chips from Chinese companies. Apple has been lobbying officials from the U.S. Department of Commerce and other departments of the Trump administration for approval to procure chips from Changxin Storage Technology Co., Ltd. The storage concept involves Hong Kong stock Zhaoyi Innovation (03986).

**Significant Premium in Global Chip LOF Secondary Market; Trading Halt from June 29 Opening until 10:30 AM**

The trading price in the global chip LOF secondary market is significantly higher than the net asset value of the fund shares, resulting in a substantial premium. On June 26, 2026, the closing price in the secondary market was 4.604 yuan, while as of June 24, 2026, the net asset value of the fund shares was 3.5034 yuan. Investors are hereby reminded to closely monitor the premium risk in secondary market trading prices and to make prudent investment decisions; blind investments may lead to significant losses.

**Series of National Standards for "Artificial Intelligence and Intelligent Agent Interconnection" Officially Released**

On June 26, reporters learned from a press conference held by the State Administration for Market Regulation that the series of national standards for "Artificial Intelligence and Intelligent Agent Interconnection" has been officially released. With the rapid iteration of technologies such as large models, artificial intelligence is accelerating its transition from the perception and understanding stage to a new development stage of generating decisions and autonomous execution. Intelligent agents, as intelligent systems with autonomous perception, memory, decision-making, interaction, and execution capabilities, represent an important application form of the new generation of artificial intelligence and are key carriers for empowering various industries with AI technology and supporting high-quality development of the intelligent economy.

**China Eastern Airlines Corporation Limited (00670) Purchases 25 A330 NEO Series Aircraft**

On June 26, 2026, the company signed an aircraft purchase agreement with Airbus in Shanghai, China, to purchase 25 A330 NEO series aircraft. The aircraft are scheduled to be delivered to the company in batches from 2029 to 2033.

**China Southern Airlines Company Limited (01055) Subsidiary Nanhua Airlines Purchases 5 B777-8F Aircraft and 2 B777F Aircraft from Boeing**

Nanhua Airlines (a subsidiary in which the company holds a 55% stake) has entered into an aircraft purchase agreement with Boeing to purchase 5 B777-8F aircraft and 2 B777F aircraft. Under this agreement, Nanhua Airlines also obtained an option for an additional 3 B777-8F aircraft.

**MicroPort Scientific Corporation-B (02252) TUMAI Global Commercialization Installation Breaks 200 Units**

MicroPort Scientific Corporation-B (02252) announced that after its core product TUMAI laparoscopic surgical robot surpassed 300 global commercial orders, TUMAI has recently completed its 200th commercial installation at the top medical institution HM Hospitales in Spain, with all 200 installations having received acceptance reports from end customers. According to publicly available market statistics, TUMAI's global new commercial installations this year rank first among domestic products and second globally **AV CONCEPT HOLD(00595) announces annual results: net profit of HKD 232 million, a year-on-year increase of 331.41%**

AV CONCEPT HOLD(00595) announced its annual results for the year ending March 31, 2026, with revenue of HKD 1.3348 billion, a year-on-year increase of 12.18%; net profit of HKD 232 million, a year-on-year increase of 331.41%; basic earnings per share of HKD 0.2591, and a proposed final dividend of HKD 0.02 per share.

**Qianxin Biotechnology-B(02509) plans to acquire approximately 34.0001% equity in Saifusi**

The consideration is RMB 86.02 million. The equity transfer will be implemented on the date when the relevant authorities complete the equity change registration (Saifusi must facilitate this within 30 business days after full payment of the consideration and signing of the equity transfer agreement). Saifusi is a subsidiary focused on CMC, mainly responsible for the group's cell line development, process development, formulation development, analytical method development, quality control, quality assurance, pilot production, and commercial production. The acquisition aims to facilitate the smooth submission and approval of new drug applications (NDA) for the group's core pipeline products, Luseogliflozin monoclonal antibody (QX002N, anti-IL-17A monoclonal antibody) and Otoricab monoclonal antibody (QX005N, anti-IL-4Rα monoclonal antibody).

**CITIC Resources(01205) major shareholder and non-executive director Chen Jian plans to sell 10.01% equity in the company, resuming trading on June 29**

The company was informed by major shareholder and non-executive director Mr. Chen Jian that TIHT Investment Holdings III Pte. Ltd. (TIHT, a company indirectly controlled by Mr. Chen Jian) has entered into a conditional agreement to sell a total of approximately 786.68 million ordinary shares (for its own account and authorized by Faber Drive Limited (Faber Drive, also a company indirectly controlled by Mr. Chen Jian)) to TFI SPECIAL OPPORTUNITIES FUND SPC, representing approximately 10.01% of the company's issued share capital as of the date of this announcement, but must wait for the completion of the transaction to be finalized.

Latest data from the Hong Kong Stock Exchange shows that on June 25, TFI Asset Management (Cayman) Ltd. increased its holdings in CITIC Resources(01205) by 78,655,488 shares at a price of HKD 0.6500 per share, totaling approximately HKD 511 million. After the increase, the latest number of shares held is approximately 787 million, with a holding ratio of 10.01%.

**Haotian Financial Group(01260) issues profit warning: expects annual post-tax profit to grow to no less than HKD 70 million**

Driven by a strong recovery in the Hong Kong IPO market, the group's revenue surged by over 30%. Robust financial and operational management ensured that while related direct costs increased, the growth rate was lower than that of revenue. With the continued application of artificial intelligence and deep optimization of operational workflows, the group achieved significant improvements in efficiency across various aspects **New Stock Dark Trading | Li Bang Pharmaceutical-B (09637) Dark Trading Closed Up 94%**

According to Huatai's dark trading data, Hong Kong stock "the first stock of innovative kidney disease drugs" Li Bang Pharmaceutical-B (09637) closed at HKD 43.88 in dark trading, up 94.16% from the issue price of HKD 22.60. Each lot consists of 100 shares, and excluding transaction fees, each lot has a paper profit of HKD 2,128.

**【Stock Highlights】**

**Midea Group (00300): European Air Conditioning Market Sees Explosive Growth This Year**

Midea's air conditioning business in Europe is primarily conducted through its Building Technology segment (MBT Climate). By 2025, Midea's MBT Climate is expected to achieve revenue of EUR 1 billion in the European market. Additionally, Midea Group's overall overseas revenue is projected to reach RMB 195.9 billion by 2025, a year-on-year increase of 16%, with Europe being its second major overseas market and an important growth engine.

Entering 2026, influenced by extreme high temperatures in Europe, Midea's sales in the European air conditioning market have experienced explosive growth: in the core markets of Western Europe (France, Spain, Germany, the UK), Midea's air conditioning sales have increased by over 70% year-on-year. During this round of high-temperature purchasing frenzy in Europe, Midea is expected to gain a direct revenue increase of approximately EUR 180 million to EUR 250 million, the largest absolute increment among the three major Chinese air conditioning giants.

The hole-free portable split air conditioner (PortaSplit) launched by Midea for the European market in 2024 has become an absolute bestseller, accounting for 42% of its air conditioning shipments in Europe. Market estimates suggest that this product alone is expected to achieve annual sales of 300,000 units in Europe, corresponding to revenue exceeding EUR 200 million

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