HK Stock Market Move | JXR (01951) rose more than 3%, benefiting from the support for parenting. The company repurchased over 23.22 million shares last week.

JXR(01951) rose by more than 3%, as of the time of publication, it rose by 3.59%, closing at 2.6 Hong Kong dollars, with a trading volume of 45.3981 million Hong Kong dollars. On the news front, on December 13th, the National Medical Security Work Conference was held in Beijing. It was mentioned that efforts should be made to actively adapt to the population development strategy and promote the development of maternity insurance and long-term care insurance. This includes reasonably increasing the level of medical expense coverage for prenatal examinations, striving to achieve "no out-of-pocket payment" for individual deliveries within the policy scope nationwide. The conference proposed that by 2025, 31 provinces (regions, cities) and the Xinjiang Production and Construction Corps have included eligible assisted reproduction projects in medical insurance, 7 provinces have achieved full coverage of inpatient delivery medical expenses within the policy scope, and 95% of pooling areas will directly distribute maternity benefits to insured persons. Earlier this month, JXR announced that the board of directors had decided to use the repurchase authorization to repurchase shares in the public market at a total price of not less than 100 million Hong Kong dollars from time to time. According to JXR investor relations information, the company repurchased 23.224 million shares last week, spending 57.717 million Hong Kong dollars. As of now, 30.946 million shares have been repurchased this month, totaling 77.515 million Hong Kong dollars. The company stated that it will continue to focus on improving operating performance, promoting the growth of the company's intrinsic value, and striving to create sustainable returns for shareholders.