BPPETCH@EC2609A(21065.HK)

Tong Fu Cai, former deputy secretary of the Party Committee and general manager of China Petroleum Jiangsu Sales Company, is under disciplinary review and supervision investigation

Tong Fucai, former deputy secretary of the Party Committee and general manager of China Petroleum Jiangsu Sales Company, is under disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the National Supervisory Commission, as well as the Jiangsu Provincial Commission for Discipline Inspection and Supervisory Commission, for suspected serious violations of discipline and law

Top 5 HK Stock Gainers/Losers (>100B) (2.6)

HWORLD-S(01179) rose 4.31%, with a trading turnover 127.0 Million HKD, and a year-to-date rose 8.8%. LI AUTO-W(02015) rose 3.61%, with a trading turnover 2.1 Billion HKD, and a year-to-date rose 10.6%. AIA(01299) fell 5.54%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 4.5%. MINIMAX-WP(00100) fell 5.14%, with a trading turnover 398.3 Million HKD, and a year-to-date rose 179.4%.

Oil giants brace for a bruising earnings season — with shareholder returns at risk

A weaker crude price environment has ramped up the pressure on Big Oil’s commitment to allocating cash to shareholders.

Mainland China raises refined oil prices starting from early morning

The National Development and Reform Commission announced that starting from 12:00 on February 4, the prices of gasoline and diesel in the mainland will increase by 205 yuan and 195 yuan per ton, respectively. The average price per liter of National 92 gasoline, 95 gasoline, and 0 diesel will be raised by 0.16 yuan, 0.17 yuan, and 0.17 yuan, respectively. Companies such as PetroChina, Sinopec, and CNOOC must ensure stable production and supply of refined oil, and relevant departments will strengthen market supervision to maintain normal market order

According to a report by ZhuoChuang Information, as of the close on February 2, the reference crude oil change rate for the 10th working day in the domestic market was 4.71%. The retail ceiling prices for gasoline and diesel were raised by 205 yuan and 195 yuan per ton, respectively, with the prices for 92# gasoline, 95# gasoline, and 0# diesel increasing by 0.16 yuan, 0.17 yuan, and 0.17 yuan, respectively. The price adjustment window is set for 24:00 on February 3, and this adjustment will mark the first "double increase" since 2026