--- title: "Hong Kong stock movement: BEFAR GROUP surged 21.59%, major shareholder's increase in holdings boosts confidence" type: "News" locale: "en" url: "https://longbridge.com/en/news/293553092.md" description: "BEFAR GROUP surged 21.59%; Longpan Technology rose 5.15%, with a transaction volume of HKD 68.92 million; China Xuyang Group increased by 3.54%, with a transaction volume of HKD 30.03 million; Guoen Technology fell 4.05%, with a transaction volume of HKD 24.52 million; Shanghai Petrochemical Company rose 2.68%, with a market value of HKD 12.1 billion" datetime: "2026-07-23T03:27:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293553092.md) - [en](https://longbridge.com/en/news/293553092.md) - [zh-HK](https://longbridge.com/zh-HK/news/293553092.md) generator: "portal-rs" --- # Hong Kong stock movement: BEFAR GROUP surged 21.59%, major shareholder's increase in holdings boosts confidence **Hong Kong Stock Movement** Befar Group surged 21.59%. Based on recent key news: 1. On July 20, Befar Group's largest shareholder, Binzhou Heyi Industrial Investment Partnership, increased its holdings by approximately 26.383 million A shares through the Shanghai Stock Exchange, accounting for 1.1% of the total share capital, with an investment amount of approximately RMB 140 million. This move raised Heyi Investment's shareholding ratio from 8.84% to about 9.94%, with plans for further increases. This news drove the stock price up. 2. On July 21, Befar Group rose 6% in the Hong Kong market, reaching HKD 3.190. The company announced that its controlling shareholder, Binzhou Heyi Investment, had increased its A share holdings, further boosting market confidence. 3. No other significant news recently. Market capital inflow is evident, and industry trends are positive. **Stocks with High Trading Volume in the Industry** Longpan Technology rose 5.15%. Based on recent key news: 1. On July 21, collective price increase signals emerged in the lithium iron phosphate industry. A relevant person from Longpan Technology revealed that the industry association held a closed-door meeting to discuss price increases, with expected increases of RMB 1,000 to 2,000 per ton. Hunan Yuneng has issued a price adjustment notice, deciding to raise prices by RMB 2,000 per ton starting August 1, which propelled Longpan Technology's stock price up. Source: Guandian.com 2. On July 20, the company passed quality management system certification, and its testing center received CNAS accreditation. Governance dimensions are clearly disclosed, the board's independence is strong, and anti-corruption training covers 40.49% of employees, enhancing the company's image and boosting investor confidence. Source: Guandian.com 3. On July 22, the company's shareholders actively participated in major decisions, meeting listing requirements. The average trading volume was 14,726,108, with technical sentiment signals indicating a sell, and market capitalization at HK$13.01 billion. Source: Guandian.com Price increases in the lithium iron phosphate industry drove stock price up. China Xuyang Group rose 3.54%. Based on recent news: 1. On July 22, the controlling shareholder of Xuyang Group increased its holdings by 800,000 shares through centralized bidding, accounting for 0.35% of the total share capital. After this increase, Xuyang Group and its concerted actions hold a total of 29.32% of the company's shares, demonstrating confidence in the company's future development and driving the stock price up. 2. On July 20, market attention towards Xuyang Group increased, with trading volume significantly rising to HKD 30.03 million, reflecting investors' positive attitude towards the stock, further driving the stock price up. The overall market performance is stable, with evident capital inflow. Guoen Technology fell 4.05%. Based on recent key news: 1. On July 20, Guoen Technology established a new company focused on artificial intelligence and integrated circuit chip development. This move may attract market attention to its future growth potential, but in the short term, investors may be concerned about the risks of the new business, leading to a decline in stock price. Source: People's Financial News The technology industry is experiencing increased volatility, requiring attention to policy changes **Stocks Ranked Among the Top in Market Capitalization in the Industry** Shanghai Petrochemical Company, up 2.68%, with a market capitalization reaching HKD 12.1 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [06745.HK](https://longbridge.com/en/quote/06745.HK.md) - [02465.HK](https://longbridge.com/en/quote/02465.HK.md) - [01907.HK](https://longbridge.com/en/quote/01907.HK.md) - [02768.HK](https://longbridge.com/en/quote/02768.HK.md) - [00338.HK](https://longbridge.com/en/quote/00338.HK.md) ## Related News & Research - [FOSUN INTL Files HK Listing Application for Spin-off of Resort Biz Club Med](https://longbridge.com/en/news/297453168.md) - [7,448 Shares in ITT Inc. $ITT Purchased by Fosun International Ltd](https://longbridge.com/en/news/297484108.md) - [Leave a Nest Capital president makes first appearance at TECH GARAGE Seminar in Malaysia](https://longbridge.com/en/news/297597370.md) - [XPENG Sales Up 4% in August](https://longbridge.com/en/news/297713940.md) - [First Tractor schedules investor presentation on 2026 interim results](https://longbridge.com/en/news/297659449.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**