Hong Kong stock market fluctuates | Jinli Permanent Magnet (06680.HK) surges more than 8% is expected to achieve double increase in volume and price for the whole year, with controllable impact of rare earth export control.

date
06/06/2025
According to the Wisdom Finance APP, Jinli Permanent Magnet (06680.HK) surged more than 8%, rising 7.47% to 16.28 Hong Kong dollars as of the time of writing, with a trading volume of 121 million Hong Kong dollars.
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Recently, amid the background of intensified regulatory policies in the United States and tense geopolitical situation, the return of Chinese concept stocks has once again become a hot topic. The Hong Kong Special Administrative Region government hopes to consolidate its position as the "preferred location" for the return of Chinese concept stocks through institutional optimization and upgrades in connectivity. Top companies such as Alibaba, JD.com, and NetEase have taken the lead in completing dual listings or secondary listings in the Hong Kong stock market, and small and medium-sized Chinese concept stocks will gradually follow suit. Recently, Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chan Ho-man, revealed that since the listing system reform in 2018, 33 Chinese concept stocks have been listed in Hong Kong, accounting for more than 70% of the total market value of all Chinese concept stocks. However, some voices in the industry believe that there are still shortcomings in the capacity, liquidity, and valuation discount of the Hong Kong stock market that need to be overcome. This situation is changing, as the Hong Kong dollar exchange rate has frequently touched strong-side convertibility, reflecting a trend of surging capital inflows that the Hong Kong Monetary Authority has intervened in multiple times. With the expansion of the Stock Connect in June and the introduction of liquidity support tools (LMM), the return of Chinese concept stocks may shift from pure hedging to proactive market positioning. (Securities Times)
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