Zhitong Hong Kong stocks have long been known | The “15th Five-Year Plan” to build a strong sports nation fell by more than 4% after the release of Google (GOOGL.US) results

[Today's headlines]

The “15th Five-Year Plan” for building a strong sports nation was released: the scale of the industry will exceed 7 trillion yuan by 2030

The Zhitong Finance App learned that recently, with the approval of the State Council, the State Administration of Sports officially released the “15th Five-Year Plan for Building a Strong Sports Nation” (hereinafter referred to as the “Plan”). Recently, the head of the Policy and Regulation Department of the State Administration of Sports explained issues such as the formulation and implementation of the “Plan”. Among them, it is mentioned that the “Plan” comprehensively lays out the high-quality development of sports during the “15th Five-Year Plan” period and sets five main targets. By 2030, the per capita stadium area will reach about 4 square meters, the proportion of people regularly participating in physical exercise will reach about 40%, and the national fitness rate will reach 31.1%. The number of world champions is at the top, and the total size of the sports industry exceeds 7 trillion dollars. The “Plan” makes separate arrangements for each field of building a strong sports nation. It involves the Hong Kong sporting goods industry chain, including companies such as Anta, Li Ning, and TEP.

[General outlook]

The three major US stock indices closed down, Google fell 4% after the market

Overnight, the Dow Jones Industrial Average fell 6.06 points to close at 52218.58 points, or 0.01%; the S&P 500 stock index fell 10.24 points to close at 7498.96 points, or 0.14%; and the Nasdaq Composite Index fell 146.31 points, to close at 25690.9 points, or 0.57%.

Most major technology stocks fell, SpaceX fell more than 6%, Intel fell more than 2%, Microsoft fell nearly 2%, Micron Technology and Amazon fell more than 1%, AMD rose more than 1%, and Nvidia rose more than 2%. In terms of financial reports, Tesla fell 3% after the market, Google's parent company Alphabet fell 4% after the market, Texas Instruments fell 3% after the market. Mining stocks generally rose. Vale, Alcoa, and Jintian rose more than 4%, while Southern Copper and McMoran Copper and Gold rose nearly 4%. Computer hardware stocks strengthened, and ultra-microcomputers surged nearly 20%. Dell Technology rose more than 9%.

Most popular Chinese securities fell, and the Nasdaq China Golden Dragon Index fell 1.80%. The Hang Seng Index ADR rose. On a proportional basis, it closed at 24929.5 points, up 36.84 points, or 0.15%, from the Hong Kong closing market.

WTI crude oil futures on the New York Mercantile Exchange rose by $2.14 for the month, or 2.54%, to close at $86.48 a barrel. COMEX gold futures rose by $58.60, or 1.44%, to $4135.0 per ounce during the month.

[Hot Topics Preview]

Baidu Group-SW (09888) dual major conversion application was confirmed by the Hong Kong Stock Exchange and proposed grant of issuance authorization and share repurchase authorization

Baidu Group - SW (09888) announced that considering the increase in the volume of shares traded on the Hong Kong Stock Exchange since the second listing in Hong Kong, the links between Hong Kong and the company's main business operations in China, and the company's long-term business development and prospects, the company has applied to the Hong Kong Stock Exchange for a major conversion (major conversion application), and the company has received confirmation from the Hong Kong Stock Exchange for the main conversion application. The effective date (that is, the date of entry into force of the main conversion) is expected to be within the current year, subject to approval by the Hong Kong Stock Exchange. After the main conversion takes effect, the company will have a dual primary listing on the Hong Kong Stock Exchange in Hong Kong and the NASDAQ in the US.

Yuejiang (02432)'s proposed issuance of A-shares and listing on the Shenzhen Stock Exchange GEM has been approved by the Shenzhen Stock Exchange Listing Review Committee

According to the review results of the meeting, the company met the issuance conditions, listing conditions and information disclosure requirements.

Huaqin Technology (03296) spent approximately HK$144 million to acquire a total of 4.4516 million shares of Jingxing Integrated H shares

Equivalent to an average price of approximately HK$32.39 per target share. After the completion of the acquisition and as of the date of this announcement, the Group held approximately 10.82% of the total issued share capital of Crystal Synthesis. The acquisition shows the Group's continued confidence in the future development prospects of Jingxing Integration and recognition of its long-term investment value. Additionally, on July 20, Huaqin Communications Hong Kong Limited increased its holdings of Crystal Synthesis (02249) by 3.1159 million shares, at a price of HK$29.9,182 per share, for a total amount of approximately HK$93.22,121 million.

Peger Biopharmaceutical-B (02565): The first batch of commercialized prescriptions of Patacom® was launched in the country and the second equity payment terms were reached

As of July 22, 2026, Pidacang® has successively issued the first batch of commercialized prescriptions in the country at various medical institutions, including Peking University People's Hospital and the Second Xiangya Hospital of Central South University. The successful implementation of the first batch of commercial prescriptions in the country marks the official entry of Pidacan® into clinical application and patient use. It also marks the completion of an important leap from independent research, clinical research and approval for marketing to commercial application of the first innovative drug independently developed by the Group.

Minimally Invasive Robot-B (02252) Fa Yingxi expects mid-term net profit of about 28 million yuan to 40 million yuan to turn a year-on-year loss into profit

Zhitong Finance App News, Minimally Invasive Robot-B (02252) issued an announcement. The board of directors expects the company to change from net loss to record net profit in the six months ending June 30, 2026, and the expected net profit is between RMB 28 million and RMB 40 million, while the company's net loss for the six months ending June 30, 2025 is RMB 115 million. This is the first time that the company has achieved semi-annual profits.

Total net revenue for the second quarter of Sands China Limited (01928) decreased 0.8% year over year to US$1.78 billion

According to US GAAP, Sands China's total net income for the second quarter of 2026 decreased by 0.8% from the second quarter of 2025 to US$1.78 billion. Sands China's net revenue for the second quarter of 2026 decreased by 50.0% to US$107 million, compared to US$214 million in the second quarter of 2025.

[Individual stock prices are clear]

Chizicheng Technology (09911): Revenue from the innovation business increased by 35% to 46% in the first half of the year, AI driven the rapid growth of the skit business

On July 22, Chizicheng Technology (09911) released the 2026 semi-annual unaudited operating data announcement. In the first half of the year, the company's innovative business is expected to achieve revenue of about 65 million US dollars to 70 million US dollars, an increase of about 35.4% to 45.8% over the previous year. According to the announcement, the high growth was mainly driven by AI, and the short drama business actively invested by the company achieved rapid growth.

During the reporting period, the company's short drama business continued to expand into many markets around the world, including Europe and America. Playlet made positive progress in high-value markets such as the US, Japan, and South Korea, and the number of users increased dramatically. In the first half of the year, Playlet was connected to Seedance 2.0 and became one of the first cooperative platforms. According to the first-quarter installment report for short dramas released by TikTok, the company's popular drama ranked 2nd in terms of the first-month split scale for single dramas on the platform. Superimposed AI has greatly improved the production efficiency of skits, and the company is expected to use localized operation and delivery capabilities to seize opportunities and further enrich the social entertainment content ecosystem.