HK Stock Market Move | CHINA QINFA (00866) rebounds over 4%, Indonesia's bulk commodity exports will be subject to centralized management, President clarifies that it is not nationalization.

CHINA QINFA (00866) plunged nearly 30% yesterday, rebounded over 4% today, and as of the time of writing, rose 3.8% to 1.91 Hong Kong dollars with a turnover of 103 million Hong Kong dollars. On the news front, Indonesian President Prabowo announced that the export sales of all strategic natural resource commodities must be managed through a single window designated by the government. However, Prabowo emphasized that the new policy is not for compulsory acquisition or nationalization of private assets, but to provide a unified marketing service platform. The full export earnings will be returned to the relevant commodity producers. Public information shows that CHINA QINFA is the largest coal mining operator in Indonesia. Its core assets include five major mining areas including SDE, TSE, and PSE, with SDE being Indonesia's first million-ton coal mine, TSE coal mine having about 10 billion tons of resource reserves and 3.79 million tons of recoverable reserves. In the full year of 2025, the raw coal production of SDE coal mine reached 5.42 million tons, a year-on-year increase of 111%; coal washing production reached 3.147 million tons, a significant increase of 922% year-on-year.