HK Stock Market Move | Cssc Offshore & Marine Engineering (00317) rises nearly 6% in the afternoon. The Ministry of Transport has initiated an investigation into the shipping industry, shipbuilding industry, and related industrial chains.

Cssc Offshore & Marine Engineering (00317) rose nearly 6% in the afternoon, with an increase of 4.72% as of the time of publication, trading at HK$15.75 with a turnover of HK$80.2174 million. On the news front, the Ministry of Transport, together with the Ministry of Industry and Information Technology and other departments, is conducting an investigation on the impact or potential impact of the US Section 301 investigation on the safety and development interests of China's shipping industry, shipbuilding industry, and related supply chain security and development interests. The investigation will focus on whether there are any individuals, organizations, or companies involved in implementing, assisting, or supporting discriminatory restrictions imposed by the US on China's shipping industry, shipbuilding industry, and related supply chain. It is worth noting that on October 10, the Ministry of Transport issued an announcement regarding the imposition of special port fees on US vessels. Starting from October 14, special port fees will be charged on US vessels. Shenwan Hongyuan Group stated that China's countermeasures against the US offer historical opportunities for the shipping industry. Future focus areas include the potential surge in China's shipbuilding orders if US investments in Chinese-made ships are exempted, as well as the positive impact on shipbuilding if the US-China talks lead to the cancellation of the Section 301 investigation and China's purchase of US oil with extended shipping distances.