--- title: "Hong Kong stock movement: Morgan Stanley's reduction in holdings turns into a positive? CIG surges 11.32%" type: "News" locale: "en" url: "https://longbridge.com/en/news/295874033.md" description: "CIG rose 11.32%; Yangtze Optical Fibre and Cable Joint Stock Limited Company rose 4.40%, with a transaction volume of HKD 1.29 billion; Zhongji Xuchuang rose 3.07%, with a transaction volume of HKD 291 million; ZTE Corporation fell 0.87%, with a transaction volume of HKD 94.98 million; Feisuke Innovation rose 1.14%, with a market value of HKD 15.9 billion" datetime: "2026-08-14T02:44:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295874033.md) - [en](https://longbridge.com/en/news/295874033.md) - [zh-HK](https://longbridge.com/zh-HK/news/295874033.md) generator: "portal-rs" --- # Hong Kong stock movement: Morgan Stanley's reduction in holdings turns into a positive? CIG surges 11.32% **Hong Kong Stock Movement** CIG rose 11.32%. Based on recent key news: 1. On August 13, Morgan Stanley reduced its holdings in CIG, leading to a decrease in market concerns about its future performance. Morgan Stanley sold 642,050 shares at a price of HKD 81.7083 per share, totaling approximately HKD 52.4608 million, reducing its holding ratio to 5.31%. This move was interpreted by the market as an increase in confidence in CIG, driving the stock price up. 2. On August 12, technical sentiment signals indicated strong selling; however, the market remains optimistic about CIG's long-term potential. Despite the technical signals showing sell, investor confidence in the company's governance structure and market position pushed the stock price up. 3. No other significant news recently. The Hong Kong market has seen increased volatility lately, which requires attention. **Top Stocks by Industry Trading Volume** Yangtze Optical Fibre and Cable rose 4.40%. Based on recent key news: 1. On August 13, Yangtze Optical Fibre won a bid for a HKD 159 million hollow core cable procurement project from China Telecom Guangdong, marking the transition of hollow core fibre technology from pilot verification to large-scale commercial use, driving the stock price up. Source: Jinshi Data 2. On August 11, Daiwa initiated coverage on Yangtze Optical Fibre, giving it a "Buy" rating with a target price of HKD 152, expecting the company to benefit from a strong upward cycle in the fibre optic industry, its technological leadership, and the upward potential of its optical interconnection business to support the stock price increase. Source: Economic Information Daily 3. On August 6, BlackRock increased its holding in Yangtze Optical Fibre H shares from 6.32% to 7.37%, indicating institutional investors' confidence in the company's prospects, further driving the stock price up. Source: Hong Kong Stock Exchange Information ZTE Corporation fell 0.87%. Based on recent key news: 1. On August 11, ZTE Corporation signed a strategic cooperation agreement with Jiangsu Province to promote the 6G industry layout and collaboration in the smart terminal industry chain, enhancing market confidence and stock price volatility. 2. On August 13, ZTE Corporation discussed computing power projects and integrated innovation in wind and solar hydrogen storage with Mingyang Group, with significant cooperation potential and positive market expectations On August 12, the short-selling data for Hong Kong stocks was released, showing that the short-selling ratio for ZTE Corporation was 14.51%, indicating market pressure and a decline in stock price. The short-selling ratio in the Hong Kong market has risen, leading to increased market volatility. **Stocks Ranked Among the Top by Market Capitalization in the Industry** FeiSu Innovation rose by 1.14%. Based on recent key news: 1. On August 13, FeiSu Innovation announced that it will hold a board meeting on August 25 to review its interim results for the period ending June 30 and consider the distribution of an interim dividend. This news may have boosted investor confidence, driving the stock price up. Source: Hong Kong Stock Exchange announcement. 2. On August 11, China State Construction International secured a significant project in Kuwait worth over 2.2 billion KWD, offsetting a slight decline in profits for the first quarter of 2026 and keeping the stock price relatively stable. This news reflects a positive market response to large projects. Source: Zhitong Finance. 3. No other significant news recently. 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