On April 4, Hong Kong stocks opened higher and moved higher. As of the close, the Hang Seng Index rose 2.1% to 22,502.31 points; the State-owned Enterprises Index rose 3.1% to 7,770.98 points; the Hang Seng Technology Index rose 5.43% to 4,769.99 points.
The real estate and automobile sectors ushered in a big outbreak, and related stocks rose sharply. China Jinmao rose 20.25%, Powerlong Real Estate rose 21.10%, Logan Group rose 20.43%, Xiaopeng Motors rose 10.33%, Ideal Motors rose 10.23%, and BYD shares rose 8.17%.
According to the arrangement of the Shanghai, Shenzhen and Hong Kong exchanges, during the Qingming Festival, the A-share market will be closed from April 3 (Sunday) to April 5 (Tuesday), and will be open as usual from April 6 (Wednesday). The Hong Kong stock market will open on April 4 (Monday) and will be closed on April 5 (the day of Qingming Festival). Southbound (Hong Kong Stock Connect) trading has been closed since March 31 and resumed on April 6, while northbound (Shanghai and Shenzhen Stock Connect) trading will be closed on Mondays and Tuesdays.
New car-making forces saw a surge in deliveries in March
According to the data released by the official Weibo, a new force in car manufacturing, Xiaopeng Motors delivered 15,414 vehicles in March, a year-on-year increase of 202% and a month-on-month increase of 148%; a total of 34,561 smart cars were delivered in the first quarter, a year-on-year increase of 159%.
Ideal Auto delivered 11,034 Ideal ONEs in March, a year-on-year increase of 125.2%; in the first quarter, it delivered 31,716 units, a year-on-year increase of 152.1%.
NIO delivered 9,985 vehicles in March, a year-on-year increase of 37.6% and a month-on-month increase of 63%; in the first quarter, 25,768 vehicles were delivered, a year-on-year increase of 28.5%.
BYD announced that it will stop the production of fuel vehicles from March 2022
BYD’s official Weibo news on April 3, according to the company’s strategic development needs, BYD will stop the production of fuel vehicles from March 2022. In the future, in the automotive sector, the company will focus on pure electric and plug-in hybrid vehicles.
China Securities Regulatory Commission: Will continue to support all kinds of qualified companies to go public overseas
On April 2, the China Securities Regulatory Commission publicly solicited opinions on the revision of the “Regulations on Strengthening the Confidentiality and Archives Management Work Related to the Issuance and Listing of Securities Overseas” (referred to as the “Regulations”). There are five main points in this revision, namely, maintaining the connection with the higher-level law, expanding the scope of application to overseas indirectly listed companies, clarifying corporate confidentiality responsibilities, clarifying accounting file management requirements, and revising on-site inspection regulations to provide institutional guarantees for cross-border regulatory cooperation.
The CSRC stated that it will continue to support all kinds of qualified companies to go public overseas, and continuously deepen cross-border regulatory cooperation. The revision of the regulations will further improve the compliance level of overseas listed companies and promote the healthy and orderly development of overseas listing activities.Return to Sohu, see more
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