HK Stock Market Move | Dongfeng Group (00489) surged over 15% as stocks trading below book value welcome new market value regulations. Previously released domestically-made car regulation-grade MCU chip DF30.

DONGFENG GROUP (00489) rose by over 15%, reaching a 15.31% increase at the time of the report, with a price of 3.69 Hong Kong dollars and a trading volume of 4.65 billion Hong Kong dollars. On the news front, the CSRC's "14 Rules on Market Value Management" have recently been officially released, which specifically require major index constituent stocks and long-term companies with low market-to-book ratios to formulate plans to increase their valuations. China Securities Co., Ltd. points out that the introduction of market value management guidelines will encourage companies to increase their own value through measures such as share repurchases, capital operations, and dividends, aiming for a valuation return to 1x PB. Data shows that DONGFENG GROUP's price-to-book ratio is only around 0.18. It is worth mentioning that on November 10th, the official WeChat account of the Wuhan Economic Development Zone announced that the Hubei Province MCU Chip Industry Technology Innovation Consortium led by Dongfeng Automobile had launched the high-performance MCU chip DF30, filling a gap in the domestic market. In addition, on November 12th, Dongfeng Nissan announced that it has become the first joint venture brand to collaborate comprehensively with Huawei's HarmonyOS cockpit, aiming to create an intelligent and comfortable travel experience.