Hong Kong bourse advanced impressively after China announced a series of financial policy measures. Following the HSI opened 326 pts higher, the gain widened. The index closed 753 pts or 4.1% higher at 19,000. The HSCEI soared 325 pts or 5.1% to close at 6,714. The HSTECH leaped 217 pts or 5.9% to 3,915. The total market turnover for the day spiked to $242.399 billion, being the highest since May 31, 2022.

The People's Bank of China (PBOC) will lower the interest rate on outstanding mortgage and unify the minimum down payment ratio for mortgages. Chinese property developers R&F PROPERTIES (02777.HK) and CIFI HOLD GP (00884.HK) skyrocketed 16% and 14%. SUNAC (01918.HK) shot up 13.6%. KWG GROUP (01813.HK) rallied 10.9%. AGILE GROUP (03383.HK) and SINO-OCEAN GP (03377.HK) swelled 8.1% and 7.6%. CHINA OVERSEAS (00688.HK), CHINA RES LAND (01109.HK) and LONGFOR GROUP (00960.HK) jumped up more than 5%. The PBOC said it will reduce the reserve requirement ratio (RRR) by 0.5 ppts in the near future. CM BANK (03968.HK), a Chinese bank, mushroomed 10.8%. BANKCOMM (03328.HK) and ICBC (01398.HK) rose sharply by 6.4% and 5.9%.

The PBOC’s creation of swap facility for securities/ funds/ insurance companies boded well for the stock market. Brokers CITIC SEC (06030.HK), CICC (03908.HK), CSC (06066.HK), CGS (06881.HK) and HTSC (06886.HK) ballooned 9.3%-11.2%. Chinese insurers PING AN (02318.HK) and CHINA LIFE (02628.HK) elevated 7.2% and 6.9%. ZA ONLINE (06060.HK) advanced 6.4%. CPIC (02601.HK) escalated 12.5%.

BABA-W (09988.HK)’s cloud computing unit and Nvidia (NVDA.US) nailed cooperation in artificial intelligence, so that Chinese automakers can promote the self-driving experience. The stock price of BABA-W leapfrogged 6.1%. For autos, LI AUTO-W (02015.HK) and NIO-SW (09866.HK) spiked 10.1% and 11.1%. LEAPMOTOR (09863.HK) and XPENG-W (09868.HK) skyrocketed more than 6%. BYD COMPANY (01211.HK) mounted 3.5%.
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AAStocks Financial News
Web Site: www.aastocks.com

SG Top Picks
Stock & Type	Code	Strike(Call Level)	Last	Effective Gearing
HSBC (C)	25081	80.5 (-)	0.033	21.3 X
HSBC (C)	26445	77.05 (-)	0.125	13.3 X
HSBC (P)	26103	59.54 (-)	0.032	17.2 X
HSBC (P)	26998	49.95 (-)	0.044	10.0 X
HSBC (Bull)	68791	64.7 (65.5)	0.044	16.0 X
HSBC (Bull)	67860	61.7 (62.5)	0.067	10.5 X
HSBC (Bear)	58202	76.8 (76)	0.066	10.7 X
BYDEI (C)	22589	45.5 (-)	0.046	4.3 X
CRBH (C)	27434	30.05 (-)	0.530	4.1 X
HKEX (C)	21690	350.2 (-)	0.182	6.4 X
HKEX (C)	22598	333.08 (-)	0.199	6.7 X
HKEX (Bull)	50941	246 (248)	0.128	4.8 X
HKEX (Bull)	50940	236 (238)	0.144	4.3 X
HKEX (Bear)	58519	332 (330)	0.047	13.1 X
TENCT (C)	26379	500.5 (-)	0.216	7.2 X
TENCT (C)	25123	472.42 (-)	0.164	9.8 X
TENCT (P)	27094	345.25 (-)	0.029	11.2 X
TENCT (P)	27141	319.8 (-)	0.060	6.8 X
TENCT (P)	27588	299.8 (-)	0.085	4.9 X
TENCT (Bull)	50942	385.2 (388)	0.113	7.7 X
TENCT (Bull)	50412	374.2 (377)	0.135	6.5 X
TENCT (Bear)	58483	472.8 (470)	0.061	14.4 X
TENCT (Bear)	58481	462.8 (460)	0.045	19.5 X
KUASO (C)	25810	62.04 (-)	0.098	4.2 X
KUASO (C)	22772	60.05 (-)	0.108	4.1 X
KUASO (P)	24651	45.8 (-)	0.115	2.7 X
KUASO (Bull)	50413	36.5 (39)	0.152	3.3 X
KUASO (Bear)	59093	67 (64)	0.143	3.6 X
KUASO (Bear)	62435	58 (55)	0.069	7.4 X
CRL (C)	26714	29 (-)	0.390	3.8 X
BYD (C)	25031	275.2 (-)	0.290	5.5 X
BYD (C)	24458	249.08 (-)	0.355	5.9 X
BYD (P)	25654	207.8 (-)	0.016	10.5 X
BYD (Bull)	50174	226 (230)	0.106	5.2 X
BYD (Bull)	68790	221 (225)	0.117	4.7 X
AIA (C)	21679	73.1 (-)	0.136	5.0 X
AIA (C)	26507	65.05 (-)	0.620	7.5 X
AIA (P)	22116	65.95 (-)	0.105	4.9 X
AIA (Bull)	50414	53.4 (54)	0.153	4.5 X
ICBC (C)	25624	5.66 (-)	0.131	9.0 X
ICBC (Bull)	50177	4 (4.1)	0.058	8.1 X
ICBC (Bull)	58041	3.7 (3.8)	0.079	6.0 X
XIAOMI (C)	25322	23.65 (-)	0.122	7.5 X
XIAOMI (C)	21354	19.82 (-)	0.300	5.5 X
XIAOMI (P)	25032	17.1 (-)	0.020	9.5 X
XIAOMI (P)	25173	15.13 (-)	0.032	5.8 X
XIAOMI (Bull)	50945	19.68 (20.08)	0.052	8.4 X
XIAOMI (Bull)	50511	18.68 (19.08)	0.072	6.1 X
XIAOMI (Bear)	50686	25.4 (25)	0.059	7.4 X
XIAOMI (Bear)	58522	23.4 (23)	0.026	16.9 X
CTGDF (C)	22027	84 (-)	0.035	4.6 X
LI (C)	25374	116.5 (-)	0.081	4.9 X
LI (C)	27190	98.93 (-)	0.270	2.4 X
LI (P)	23536	107.9 (-)	0.177	2.9 X
LI (Bull)	50415	72 (76)	0.290	3.4 X
PINAN (Bull)	50946	35.9 (36.5)	0.122	4.0 X
PINAN (Bull)	50419	33.4 (34)	0.145	3.4 X
MNIU (C)	24204	22 (-)	0.093	6.4 X
LININ (C)	26377	23.36 (-)	0.243	3.4 X
SUNY (C)	23221	70.93 (-)	0.111	3.9 X
SUNY (P)	25858	41.95 (-)	0.071	3.1 X
CLIFE (P)	25381	9.67 (-)	0.018	7.6 X
MTUAN (C)	26223	150.1 (-)	0.385	3.0 X
MTUAN (P)	27495	109.9 (-)	0.066	3.2 X
MTUAN (P)	23632	83 (-)	0.020	3.8 X
MTUAN (Bull)	50947	130.5 (133)	0.073	4.5 X
MTUAN (Bull)	50410	122.5 (125)	0.089	3.7 X
MTUAN (Bear)	68804	198 (195)	0.067	4.9 X
CICC (C)	22032	12.8 (-)	0.105	6.3 X
CMB (C)	27312	40.04 (-)	0.370	5.3 X
CMB (Bull)	50949	29.6 (30)	0.072	5.3 X
JDCOM (C)	25375	175 (-)	0.179	4.0 X
JDCOM (Bull)	50420	102.2 (105)	0.500	3.0 X
JDCOM (Bear)	59089	164.8 (162)	0.024	12.7 X
Bilibili (C)	25476	180.1 (-)	0.270	3.4 X
XPENG (Bear)	66607	51.5 (50)	0.046	10.3 X
BAIDU (C)	22799	118.2 (-)	0.038	7.8 X
BAIDU (C)	25923	105.1 (-)	0.188	3.2 X
BAIDU (P)	26238	80 (-)	0.102	3.9 X
BAIDU (Bull)	50179	76 (78)	0.255	3.9 X
BAIDU (Bull)	68342	68 (70)	0.330	3.0 X
BAIDU (Bear)	60760	130 (128)	0.295	3.4 X
ALIBA (C)	25889	100.1 (-)	0.300	4.3 X
ALIBA (C)	25433	99 (-)	0.270	4.7 X
ALIBA (Bull)	50950	86.5 (88)	0.170	6.0 X
ALIBA (Bull)	50513	83.3 (84.8)	0.202	5.1 X
ALIBA (Bear)	50954	109.5 (108)	0.065	15.8 X
NTES (C)	24426	178.98 (-)	0.036	8.8 X
NTES (C)	26974	155.1 (-)	0.146	5.0 X
NTES (Bull)	50966	116 (118)	0.062	4.7 X
NTES (Bull)	50691	106 (108)	0.080	3.6 X
NTES (Bear)	54283	182 (180)	0.069	4.2 X
NTES (Bear)	64620	162 (160)	0.031	9.4 X
Nvidia (C)	10405	160 (-)	0.167	4.2 X
Nvidia (C)	10319	150 (-)	0.123	5.5 X
Nvidia (C)	10314	140 (-)	0.130	5.9 X
Nvidia (P)	10299	120 (-)	0.195	3.8 X
Nvidia (P)	10300	110 (-)	0.208	2.8 X
Nvidia (P)	10315	100 (-)	0.117	3.6 X