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Hong Kong Stock Market News: HSBC Holdings (00005.HK) dropped more than 3% in the afternoon, with second quarter pre-tax profit decreasing by 29% year-on-year to $6.3 billion.

date
31/07/2025
Zhtng cijng APP hu x, hufng kngg (00005.HK) w hu di cho 3%, jizh fgo, di 3.17%, bo 97.6 hngyun, chngjio r 22.68 y hngyun. According to the wisdom financial APP, HSBC Holdings (00005.HK) fell more than 3% in the afternoon, and as of press time, it fell 3.17% to 97.6 Hong Kong dollars, with a turnover of 22.68 billion Hong Kong dollars.
Latest
3 m ago
Vice President He Hui of the China Federation of Logistics and Purchasing: According to the Manufacturing Purchasing Managers' Index, despite a certain degree of decline due to short-term factors, production is still expanding. Additionally, both the production and new order indices in equipment manufacturing and high-end manufacturing are still in the expansion range. This reflects that the foundation of our economy's high-quality growth is relatively stable, and the growth of new driving forces is also relatively stable. Manufacturing enterprises are also quite optimistic about future prospects, with the production and operation expectation index for July at 52.6%, up 0.6 percentage points from the previous month.
3 m ago
Huoli Hui, Director of the Enterprise Prosperity Department of the National Bureau of Statistics Service Industry Survey Center: In July, due to the traditional off-peak season in the manufacturing industry and the impact of factors such as high temperatures, heavy rains, and flooding in some areas, the Purchasing Managers Index fell slightly after two consecutive months of increase, and the manufacturing industry's business climate declined. Looking at the main sub-indices, the manufacturing new orders index fell into contraction territory, indicating weak operations. However, manufacturing enterprises maintained expansion in production, continuing a stable growth trend. The production index for July was 50.5%, operating in the expansion zone for the third consecutive month. Industries such as rail, shipbuilding, aerospace equipment, computer communications, and electronic equipment continued to operate in the expansion zone in terms of production and new orders indices, showing active demand on both ends. Continuous production expansion improved the market price level in the manufacturing industry. In July, the manufacturing raw material purchase price index was 51.5%, up 3.1 percentage points from the previous month, returning to the expansion zone after operating below 50% for four consecutive months; the factory price index also reached its second highest point of the year. Additionally, in July, the Purchasing Managers Index for equipment manufacturing was 50.3%, down 1.1 percentage points from the previous month but still in the expansion zone. The Purchasing Managers Index for high-tech manufacturing was 50.6%, down 0.3 percentage points from the previous month, operating in the expansion zone for six consecutive months. New momentum continues to grow steadily, and high-quality development is steadily advancing.
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