HK Stock Market Move | The popularity of commercial spaceflight continues, and Guangzhou is accelerating the layout of commercial spaceflight. Industrial chain enterprises will fully benefit from the development of the industry.

The concept of commercial space continues to be hot, as of the time of writing, APT SATELLITE (01045) rose by 10.96%, reaching 4.76 Hong Kong dollars; Hainan Drinda New Energy Technology (02865) rose by 9.35%, reaching 29.46 Hong Kong dollars; Goldwind Science & Technology (02208) rose by 6.08%, reaching 17.1 Hong Kong dollars. On the news front, on January 8, the General Office of the Guangzhou Municipal People's Government issued the "Guangzhou's Plan to Accelerate the Construction of a Strong City with Advanced Manufacturing Industry (2024-2035)", proposing to create a global influential pole of China's commercial space industry by 2035. A group of backbone enterprises in the commercial space industry have emerged, and the industry scale is further expanding. The Plan focuses on research and development of reusable rocket technology, relying on the Huacheng Commercial Rocket Liquid Propulsion System Test Center and the final assembly test industrial base to provide a solid foundation for the development of medium and large liquid rockets. In the future, it will be open for sharing with national scientific research institutes, enterprises, and universities. Founders pointed out that SpaceX took five years from 2010 to 2015 to achieve rocket recovery technology. Currently, SpaceX is preparing for an IPO in 2026. At the same time, domestic Blue Arrow Aerospace, Tianbing Technology, star power, and Interstellar Glory have also successively initiated the IPO process. In 2026, the domestic private rocket companies will also usher in the first year of entering the capital market. On the policy front, on December 26, the Shanghai Stock Exchange issued the "Guidelines for the Application of the Shanghai Stock Exchange's Listing and Listing Review Rules for Commercial Rocket Companies Applying to the Science and Technology Innovation Board No. 9", clarifying the technology pathway for reusable rockets, solving the financing pain points of large R&D investment and long cycles for commercial rocket companies, and promoting the commercial space industry towards a stage of large-scale development. The commercial space industry is entering an accelerated development stage, and industry chain enterprises will benefit greatly.