HK Stock Market Move | Shandong Molong Petroleum Machinery (00568) rose more than 7%. The company's A-shares hit the daily limit up today, with the market focusing on "deep earth economy".

Shandong Molong Petroleum Machinery (00568) rose more than 7%, with the company's A-shares hitting the daily trading limit. As of the time of writing, the stock has risen by 7.67% to 4.49 Hong Kong dollars, with a trading volume of 1.066 billion Hong Kong dollars. On the news front, the Ministry of Natural Resources recently announced that during the "13th Five-Year Plan" period, standardization work in natural resources will focus on accelerating the establishment of standards for emerging and future industries such as deep-sea and deep-earth. It is reported that the "deep-earth economy" refers to economic activities and industrial chains formed around the development of deep-earth resources and deep-earth space utilization, covering areas such as deep-earth resource exploration (oil and gas, minerals, etc.), underground space construction (energy storage, transportation, urban facilities), core equipment manufacturing, and technical services.