Hong Kong Stock Market Midday Update: Hang Seng Index up 1.9%, Zhongzhou Securities soars over 64%, Guotai Junan International hits a new high.

"Stock market leader" surges, market sentiment bullish, Hong Kong stocks collectively rise in the morning session. By midday, the Hang Seng Index rose 1.9% by more than 457 points, the state-owned enterprise index and the Hang Seng Technology Index rose by 1.83% and 2.08% respectively. On the market, the big financial stocks, known as the "stock market leader", rose collectively, especially the Chinese securities stocks surged, with Zhongzheng Securities leading the way with a rise of over 64%, followed by Hengtou Securities, Guolian Minsheng, Guotai Haitong, and Guotai Jun'an International with significant gains, and Guotai Jun'an International reaching a historical high; China Ping An surged 5.6%, leading the insurance sector with its stock price hitting a new high in 9 months, and China Bank, Industrial and Commercial Bank, and Bank of Communications all hitting new highs; the securities sector focused on industries that are expected to reverse under the "anti-internal competition" policy, with steel stocks, automobile stocks, home appliance stocks, photovoltaic stocks all rising, with gold stocks, semiconductor stocks, military industry stocks, cryptocurrency concept stocks, and oil stocks all rising. On the other hand, some domestic retail stocks, vocational education stocks, and dairy stocks fell, with some new consumption concept stocks seeing significant declines, and the "stock king" Lao Pu Gold plummeted by 8%. In addition, while the overall market is performing well, nearly 30 penny stocks have fallen by over 10%.