Zhitong Hong Kong Stock Exchange has known for a long time | China Central Office and the State Administration Office issued a document promoting “artificial intelligence +” action Duan Yongping said he would continue to buy Bubble Mart (09992)
[Today's headlines]
The Central Office and the State Office issued “Opinions on Promoting the Deep Integration of Scientific and Technological Innovation and Industrial Innovation”
On October 21, the General Office of the CPC Central Committee and the General Office of the State Council released “Opinions on Promoting the Deep Integration of Scientific and Technological Innovation and Industrial Innovation”. Among them, it is proposed to promote decisive breakthroughs in key core technology research in key areas such as integrated circuits, industrial parent machines, high-end instruments, advanced materials, and biomantry; fully implement the “Artificial Intelligence +” campaign to promote artificial intelligence to empower all industries.
[General outlook]
Overnight, the US stock market closed at 360.21 points, or 0.69%, up 0.69% from the previous trading day; the S&P 500 stock index rose 44.6 points to close at 7757.17 points, or 0.58%; and the Nasdaq Composite Index rose 278.04 points to close at 26702.86 points, or 1.05%.
Most of the “Big Seven Tech” rose, Tesla rose 3.41%, and discussions on merger between SpaceX and Tesla heated up sentiment; Nvidia rose 2.54%, and SpaceX surged 7.79%. AI computing power and servers led the way, with ultra-micro computers up 9.55% and Dell Technology up 5.27%. Simultaneously, they benefited from a recovery in server sector sentiment. Semiconductors and storage rose at the same time. Nanowei semiconductors rose 4.81%, AMD rose 3.36%, and lithium concept stocks and packaged food sectors declined.
There was an overall correction in China Securities. The Nasdaq China Golden Dragon Index fell 2.35% to 5584.79 points. New energy vehicle companies, autonomous driving, e-commerce and internet platform stocks collectively declined. The Hang Seng Index ADR declined. On a proportional basis, it closed at 23634.30 points, down 17.57 points or 0.07% from the Hong Kong closing.
WTI crude oil futures on the New York Mercantile Exchange fell $0.11 for the month, closing at $97.71 a barrel, or 0.11%. COMEX gold futures rose by $16.90 in consecutive months, or 0.41%, to $4159.5 per ounce.
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China Life Insurance (02628) plans to sell 33.73% of its shares in pension insurance companies to controlling shareholders
China Life Insurance announced that the company plans to enter into a share transfer agreement with the controlling shareholder Group Company by December 31, 2026. According to this, the company will sell 33.73% of the shares of the pension insurance company to the group company at a cost of approximately RMB 4.146.4 billion; and the asset management company of the company's non-wholly-owned subsidiary plans to enter into an asset management company share transfer agreement with the group company before December 31, 2026. According to this, the asset management company will sell 3.53% of the shares of the pension insurance company to the group company at a cost of approximately RMB 434 billion.
After the sale matters (including the sale of the company and the sale of the asset management company) are settled, the share ratio of the pension insurance company held by the company will be reduced from 70.74% to 37.01%, and the asset management company will no longer hold any shares in the pension insurance company. Therefore, the pension insurance company will no longer be a subsidiary of the company, and its financial performance will no longer be consolidated into the group's financial statements.
BAIC Motor (01958): BAIC Motor Investment and Beijing Hyundai plan to cut capital and withdraw from Beixian Automobile and Jinhe to cut capital by a total of about 3.144 billion yuan
The contracting party agreed to: (i) Beijing Automobile Investment withdrew all of its shares in Beijin Auto Gold by reducing its registered capital (the amount is equivalent to the amount of capital invested by BAIC), accounting for 33% of the total registered capital of Beijing Cash, at the cost of Beijing Cash's payable to BAIC RMB 2,208 billion (i.e. withdrawal); and (ii) Beijing Hyundai withdrew its total shares in Beijin Auto Gold by reducing its registered capital in Beijin Auto Gold (the amount is equivalent to Beijing Hyundai's investment), accounting for all of its shares in Beijin 14% of the total registered capital, at the cost of CNY due to Beijing Hyundai 9.37 billion yuan.
Immediately before the reduction in registered capital, Beijing Auto Gold was the company's contact person, and (i) Hyundai Finance, an independent third party of the company held about 46% of its shares; (ii) BAIC, a non-wholly-owned subsidiary of the company, held about 33% of its shares; (iii) Beijing Hyundai held about 14% of its shares; Beijing Hyundai was co-invested by BAIC to co-invest 50% of its registered capital by BAIC; and (iv) Hyundai Motor, an independent third party of the company, held about 7% of its shares. After the reduction in registered capital is completed, BAIC and Beijing Hyundai will each cease to be shareholders of Beixian Auto Gold.
Duan Yongping voiced: Will continue to buy Bubble Mart (09992)
On October 21, a netizen asked well-known investor Duan Yongping about Bubble Mart (09992) investments. He replied that he should buy more, but that his holdings would not exceed 10% of Bubble Mart's total share capital. At the same time, Duan Yongping said that his views have been fully expressed and that “if you miss it for a few years, you'll know.”
Anta Sports (02020): Retail sales of all other brand products increased 25-30% year-on-year in the third quarter
Anta Sports announced that in the third quarter of 2026, the retail value of all other brand products (in terms of retail value) increased positively by 25-30% compared with the same period in 2025.
Yushi Technology (01511) collaborates with leading car companies to provide intelligent driving assistance software solutions in another key implementation achievement in the field of smart passenger car driving
Yushi Technology announced that as a core technical cooperation partner, the company, along with leading car companies and core technology ecosystem partners, provided intelligent assisted driving software solutions for the recently launched Buick LaCrosse, Cadillac XT5 fuel version and PHEV smart hybrid four-wheel drive air version, covering major use scenarios such as urban commuting and long-distance high-speed highways.
Legend Holdings Corporation Lenovo Holdings Co., Ltd. increased its holdings of Lenovo Group (00992) by 30 million shares at a price of HK$27.3673 per share
The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on October 16, Legend Holdings Corporation Lenovo Holdings Co., Ltd. increased its holdings of Lenovo Group by 30 million shares, at a price of HK$27.3673 per share, for a total amount of about HK$821 million. After the increase in holdings, the latest number of shares held was approximately 5.794 billion shares, and the latest shareholding ratio was 45.17%.
On October 21, Ningde Times (03750) spent about 800 million yuan to buy back about 3.488,600 A-shares
According to the Zhitong Finance App, Ningde Times announced that on October 21, 2026, it spent about 800 million yuan to buy back about 3.488,600 A-shares.
[Individual stock prices are clear]
Yingpu Precision (01286): Revenue increased 31% year-on-year in the third quarter and raised the annual sales growth rate
Impro Precision released operating data for the third quarter. Revenue for the third quarter was HK$1,782 billion, up 31% year on year. Revenue for the first three quarters was HK$4.8 billion, up 26% year on year.
By sector, revenue from diversified industries increased 49.8% year-on-year in the third quarter, with thermal management increasing by 241% and high-horsepower engines by 53.3%.
Lu Ruibo, Chairman and CEO of Yingpu Precision, said that the group predicts that sales growth will remain strong in the fourth quarter, increasing the year-on-year sales growth rate of 25% to 30% for the full year of 2026.