HK Stock Market Move | China Cinda (01359) rose over 4%, with the concept of debt-to-equity conversion continuing to be of interest. The company has invested in Siasun Robot & Automation.

CHINA CINDA (01359) rose more than 4%, rising by 4.27% to HK$1.71 as of the time of this report, with a turnover of HK$470 million. On the news front, the concept of debt-for-equity swap continues to attract attention. The 33rd Chairman's Meeting of the 14th National People's Congress Standing Committee heard a report by Vice Chairman Xu Hongcai of the Finance and Economic Committee of the National People's Congress on the situation of the consideration of the "State Council's Proposal for Increasing the Local Government Debt Limit to Replace the Hidden Debt". The draft resolution on approving the proposal was deliberated. According to Tianyancha, Beijing Peitian Technology Co., Ltd. recently underwent a commercial change, with Anhui Peitian Investment Group Co., Ltd. withdrawing from the shareholder list and CHINA CINDA being added as a shareholder. Beijing Peitian Technology Co., Ltd. (referred to as Peitian Siasun Robot & Automation) was established in November 2010, with business scope including research and development of intelligent Siasun Robot & Automation, industrial Siasun Robot & Automation manufacturing, and service consumption Siasun Robot & Automation manufacturing.