Longhua District in Shenzhen launches car consumption promotion activity, with consumers enjoying up to 10,000 yuan of discounts on car purchases.

date
06/06/2025
In order to further implement the national, provincial, and municipal decisions and arrangements on promoting consumer consumption, and to further stabilize and expand automobile consumption, the Longhua District Commercial Bureau of Shenzhen will carry out the first round of Longhua District Automobile Consumption Promotion activities from May 30th to August 31st, 2025. The activity will provide subsidies to individual consumers who purchase small and micro passenger cars with a pre-tax price of over 70,000 yuan from retail enterprises in Longhua District. The total budget for the activity is 30 million yuan.
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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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