--- title: "Hong Kong Stock Movement: GLOBAL CHI BC plummets 22.62%, cross-border acquisition raises concerns" type: "News" locale: "en" url: "https://longbridge.com/en/news/293705002.md" description: "GLOBAL CHI BC fell 22.62%; Conch Venture fell 1.25%, with a transaction volume of HKD 69.29 million; Central Ring New Energy fell 0.60%, with a transaction volume of HKD 27.67 million; China State Construction International fell 1.69%, with a transaction volume of HKD 17.94 million; China Railway fell 0.56%, with a market value of HKD 87.1 billion" datetime: "2026-07-24T05:21:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293705002.md) - [en](https://longbridge.com/en/news/293705002.md) - [zh-HK](https://longbridge.com/zh-HK/news/293705002.md) generator: "portal-rs" --- # Hong Kong Stock Movement: GLOBAL CHI BC plummets 22.62%, cross-border acquisition raises concerns **Hong Kong Stock Movement** GLOBAL CHI BC fell 22.62%. Based on recent key news: 1. On July 22, GLOBAL CHI BC suddenly shifted to acquire licensed brokerage and medical beauty shares. Despite strong growth in its infrastructure business revenue, this strategic shift raised market concerns, leading to a significant drop in stock price. Source: Zhitong Finance 2. On July 21, facing overall industry pressure, the management of GLOBAL CHI BC continued to repurchase shares in the open market in an attempt to stabilize the stock price, but failed to prevent the decline. Source: Wall Street Insight 3. On July 20, SPDR Gold Trust attracted a large inflow of funds as a safe-haven choice for investors, reflecting increased market uncertainty regarding companies like GLOBAL CHI BC. Source: Jinshi Data, industry under pressure, risk aversion sentiment rising. **Stocks with High Trading Volume in the Industry** Anhui Conch Holdings fell 1.25%. Based on recent key news: 1. On July 22, Anhui Conch Group increased its stake in Anhui Conch Holdings, bringing its shareholding ratio close to 21%. This move shows confidence in the company's future development; however, the stock price still experienced unusual fluctuations. Source: Zhitong Finance 2. On July 21, Anhui Conch Holdings announced that its business operations were normal and there were no significant adverse changes in its financial condition. Nevertheless, the stock price and trading volume still showed fluctuations. Source: Zhitong Finance 3. On July 17, Anhui Conch Group acquired 14.863 million shares at a price of HKD 8.53, totaling approximately HKD 127 million. This transaction involved multiple related companies, indicating strategic investment intentions. Source: Zhitong Finance, industry consolidation deepens, focus on state-owned enterprise dividend policies. Central Ring New Energy fell 0.60%, with a trading volume of HKD 27.67 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. China State Construction International fell 1.69%, with a trading volume of HKD 17.94 million, and there has been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Market Capitalization in the Industry** China Railway Group fell 0.56%. Based on recent key news: 1. On July 21, China Railway Group announced that it won bids for 18 major projects, with a total value of approximately RMB 56.04 billion, accounting for 5.14% of last year's revenue. This news reflects the company's strong performance in railway, highway, municipal, and overseas projects, driving stock price fluctuations. Source: Zhitong Finance 2. On July 21, the National Railway Administration introduced China's railway modernization construction plan, emphasizing safety enhancement and green transformation. This policy background supports the long-term development of China Railway Group and affects market expectations. Source: Economic Information Daily 3. On July 22, the technical sentiment signal for China Railway Group indicated a sell, leading the market to adopt a cautious attitude towards its short-term performance, resulting in stock price fluctuations. Source: Zhitong Finance, transportation industry policy support, significant capital inflow ### Related Stocks - [01757.HK](https://longbridge.com/en/quote/01757.HK.md) - [00586.HK](https://longbridge.com/en/quote/00586.HK.md) - [01735.HK](https://longbridge.com/en/quote/01735.HK.md) - [03311.HK](https://longbridge.com/en/quote/03311.HK.md) - [00390.HK](https://longbridge.com/en/quote/00390.HK.md) ## Related News & Research - [Global Chinese Business Club Says Shareholding Concentration Issue Resolved](https://longbridge.com/en/news/290856270.md) - [Global Chinese Business Club releases 2025/26 annual report](https://longbridge.com/en/news/294498411.md) - [TML Tender Offer - Publication of the Offer Document](https://longbridge.com/en/news/298070476.md) - [Northern Ocean Announces Preliminary Result Of Mandatory Offer](https://longbridge.com/en/news/298545508.md) - [Labcorp buys MLM Medical Labs](https://longbridge.com/en/news/298332531.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**