Hong Kong stocks broke out strongly today.Royal888slotThe Hang Seng Index rose 8 times and stood firm at 18000 points.Royal888slotThe Hang Seng Technology Index rose more than 4%, opening the "Daniel" mode.

Specifically, the two major stock indexes rose sharply in intraday trading, with the Hang Seng Index rising more than 2% and the Hang Seng Technology Index soaring more than 4%, both reaching new highs for the year. By the close, the Hang Seng Index was up 2.Royal888slot.5% at 18207Royal888slotAt 13:00, the Hang Seng Technology Index rose 4.45 per cent to 3865.48.

Automotive, real estate, software, biomedical, consumer and other sectors showed strong performance, with AI leading merchant soup up more than 30%, Weilai up more than 20%, zero-running cars up about 15%, Xiaopeng cars up more than 8%, Wanshiyun and Vanke enterprises up more than 10%; in addition, Kangxinuo Biological rose more than 18%, Ali Health and JD.com Health both rose more than 10%, and Meituan rose nearly 9%.

Some analysts pointed out that the net inflow of southward capital into the Hong Kong stock market has accelerated significantly this year, with a cumulative inflow of 213.5 billion Hong Kong dollars in the first four months, much higher than the same period data in 2022 and 2023, which is an important reason for the recent strength of the Hong Kong stock market. In addition, the policy of optimizing the cross-border connectivity mechanism and promoting the coordinated development of the capital markets of the two places has been falling continuously since the beginning of the year, further catalysing the short-term rapid upward trend of the Hong Kong stock market.

Automobile stocks rose collectively.

The automotive sector rose sharply in intraday trading. By the close, Weilai was up 20.7%, Zhejiang Shibao and Zero Automobile were up more than 15%, Xiaopeng Motor was up more than 8%, and BYD shares and ideal Motors were up more than 3%.

Yesterday, a number of new energy car companies released delivery data for April 2024.

Among them, 15620 new cars were delivered in April, an increase of 134.6 percent over the same period last year and an increase of 31.6 percent over the previous month. Up to now, Weilai has delivered a total of 495267 new cars.

It is reported that in May, Weilai launched a "0 down payment" car purchase program, "trade-in" can enjoy up to 20000 yuan exclusive subsidy. The company will usher in the launch of its 500,000 production car this month.

Xiaopeng delivered 9393 new cars in April, up 33 per cent from a year earlier and 4 per cent month-on-month. Among them, Xiaopeng X9 delivered 1959 vehicles, and nearly 10, 000 vehicles were delivered on the market in April, continuing to lead the pure electric MPV and pure electric three-row seater market. From January to April, Xiaopeng delivered a total of 31214 new cars, an increase of 23% over the same period last year.

Ideal delivered 25787 new cars in April, up 0.4 per cent from a year earlier. As of April 30, 2024, a total of 739551 ideal cars have been delivered.

Ideal said that the new ideal L6, released in April, is the first product of the ideal car with a price of less than 300000 yuan. It is welcomed by many young family users, and mass delivery will begin in May. During the May Day short holiday, all ideal overcharging stations will be opened to provide free charging services for ideal users. OTA5.2 version will also be launched in May, smart driving ADPro, ADMax platform capabilities will be fully evolved, smart driving, smart parking and active security and other functions will be more mature and safe. The upgraded vehicle will also support Siri vehicle control, and the voice operation will be more convenient and fast.

In addition, the delivery volume of zero-running cars reached 15005 in April, and the delivery of SUV Gemini C11 and C10 exceeded 10,000. The first MPSUV Zero running C16 made its debut at the 2024 Beijing Auto Show and opened its pre-sale, with pre-order numbers exceeding 11950 within 24 hours.

In addition, BYD (002594) sold 313200 new energy vehicles in April, once again reaching a high of 300000 per month, up 48.96 per cent from a year earlier. From January to April, BYD sold a total of 939500 new energy vehicles, an increase of 23.24% over the same period last year.

Huaxi Securities pointed out that the overall demand of the automobile industry will remain secure in 2024, and both domestic demand and exports will continue to grow. The upgrading of consumption on the demand side and intelligent electrification on the supply side will bring great-leap-forward development opportunities for self-branded vehicles and spare parts companies.

The real estate sector is active

The real estate and property sectors are active. By the close, country Garden Services and everything Cloud rose about 13%, Vanke rose more than 10%, Yuexiu Real Estate rose nearly 9%, Longhu Group rose nearly 8%, and Greentown China rose nearly 7%.

In terms of industry, core cities continue to increase home purchase support. On April 30, the website of the Beijing Municipal Housing and Construction Commission released the Circular on optimizing and adjusting the Housing purchase restriction Policy in this city, proposing that on the basis of implementing the existing housing purchase restriction policy, households who already own houses that reach the purchase limit should be allowed to purchase a new house (including newly built commercial housing and second-hand housing) outside the Fifth Ring Road. In addition, on April 18 and April 28, Changsha and Chengdu Housing and Urban-Rural Development Bureau successively issued papers to relax the real estate purchase restrictions that have been implemented for many years.

The agency said that it is expected that first-and second-tier cities will continue to untie the property market, and the possible directions of follow-up supply-side policies include destocking in key cities, invigorating inventory assets nationwide, and the pace of independent adjustment of restrictive policies by local governments on the demand side is expected to accelerate, which is conducive to the restoration of confidence in real estate.

Shang Tang soared.

Shangtang-W (00020 HK) rose sharply again today, closing up about 36 per cent at HK $1.66 per share, setting a new high for the rebound with a market capitalization of HK $55.6 billion. It is worth noting that in the last six trading days, the stock has risen more than 30% in three trading days, a cumulative increase of 172%.

On the news side, at the 2024 Beijing Auto Show, Shangtang Jiuying unveiled a series of original ecological models and related product matrices, showing for the first time the road test performance of UniAD, an end-to-end self-driving solution for mass production, as well as an AI large model cockpit product matrix with a multi-modal scene brain as the core, as well as a new cockpit 3D interactive demonstration. According to Wang Xiaogang, co-founder and chief scientist of Shangtang Technology, UniAD, a true end-to-end self-driving solution for mass production, aims to have mass production by next year.

In addition, on April 23rd, Shangtang held the 2024 Technology Exchange Day, and Shangtang released the 600 billion-parameter model "Rixin 600 billion", which greatly improved its knowledge, mathematics, reasoning and code capabilities, and comprehensively calibrated the standard GPT-4Turbo.