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Petrochemical
CP20049.HK
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4.6 million tons! China's largest ultra-deep oil field achieves a record high in annual oil and gas production

Today (December 20), reporters learned from PETROCHINA that the largest ultra-deep oil field in China, located in the heart of the Taklamakan Desert—Fuman Oil Field—has achieved an annual oil and gas production of 4.6 million tons, setting a historical record. This marks significant progress in the exploration and development of China's 100 million-ton ultra-deep oil and gas reserves, providing important support for the country's deep earth energy security. (CCTV)

Wallstreetcn·
SH
601857
-0.62%
HK
00857
-0.12%
Wallstreetcn·
SH
601857
-0.62%
HK
00857
-0.12%

Bernstein Reaffirms Their Hold Rating on Li Auto (LI)

Bernstein's Eunice Lee maintains a Hold rating on Li Auto with a $20 price target. Lee, who covers the Consumer Cyclical sector, has a 7.3% average return and a 43.94% success rate. HSBC also issued a Hold rating, while Morgan Stanley maintained a Buy rating on Li Auto.

Tip Ranks·
US
LI
+5.07%
HK
02015
+3.81%
Tip Ranks·
US
LI
+5.07%
HK
02015
+3.81%

PetroChina Details Board Composition and Governance Committee Structure

PetroChina Company Limited announced its board composition, led by Chairman Dai Houliang, and the formation of five specialized committees focusing on governance, risk oversight, and sustainability. This move highlights the company's commitment to structured corporate governance. The latest analyst rating for PetroChina stock (HK:0857) is a Buy with a HK$10.00 price target.

Tip Ranks·
HK
00857
-0.12%
SH
601857
-0.62%
Tip Ranks·
HK
00857
-0.12%
SH
601857
-0.62%

PetroChina Renews Currency Derivatives Framework with CNPC Finance for 2026

PetroChina has renewed its 2026 Derivatives Framework Agreement with CNPC Finance, a subsidiary of its controlling shareholder CNPC. This agreement involves currency derivatives services and is classified as a continuing connected transaction under Hong Kong listing rules. It requires PetroChina to ensure terms are competitive with independent institutions to protect minority shareholders. The agreement reflects subdued demand for swap transactions due to narrower interest rate spreads. PetroChina is a major oil and gas producer in China, with a recent analyst rating of 'Buy' and a price target of HK$10.00.

Tip Ranks·
HK
00857
-0.12%
SH
601857
-0.62%
Tip Ranks·
HK
00857
-0.12%
SH
601857
-0.62%

PetroChina Files Director List with HKEX

PetroChina Company Limited has filed an updated list of directors with the Hong Kong Stock Exchange. The Board is chaired by Dai Houliang, with Zhou Xinhuai as Vice Chairman and Non-Executive Director. The Board includes Non-Executive Directors Duan Liangwei, Zhou Song, and Xie Jun; Executive Directors Ren Lixin, Zhang Daowei, and Song Dayong; and Independent Non-Executive Directors Jiang, Simon X.; Ho Kevin King Lun; Yan, Andrew Y; Liu Xiaolei; and Zhang Yuxin. The Board oversees five committees, each chaired by a different director.

Reuters·
HK
00857
-0.12%
SH
601857
-0.62%
Reuters·
HK
00857
-0.12%
SH
601857
-0.62%
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