Zhitong Hong Kong Stock Early Knowledge | Iranian officials state that Iran accepts the ceasefire plan, Tesla surges over 8%

[Today's Headlines]

Iranian officials say Iran accepts ceasefire proposal

According to CCTV International News citing Reuters, a senior Iranian official confirmed to Reuters that Iran has accepted the ceasefire proposal with Israel mediated by Qatar and proposed by the United States. Earlier, U.S. President Trump announced that Israel and Iran would implement a phased comprehensive ceasefire.

Richard Yu: Hong Kong sets relatively strict standards for stablecoin issuers, expects to issue only a few licenses in the first phase

Hong Kong's "Stablecoin Regulation" will take effect on August 1. Richard Yu, the president of the Hong Kong Monetary Authority, stated that Hong Kong has set relatively strict standards for stablecoin issuers, with high entry barriers that are almost on par with electronic wallet and bank regulations. It is expected that only a few licenses will be issued in the first phase, and the licensed stablecoins will have different specific uses, such as for cross-border trade.

[Market Outlook]

U.S. stock indices rise collectively, Tesla (TSLA.US) surges over 8%

Overnight, the Dow Jones Industrial Average rose 374.96 points from the previous trading day, closing at 42,581.78 points, an increase of 0.89%; the S&P 500 index rose 57.33 points, closing at 6,025.17 points, an increase of 0.96%; the Nasdaq Composite Index rose 183.56 points, closing at 19,630.97 points, an increase of 0.94%. Most large tech stocks rose, with Tesla surging over 8%, marking the largest single-day increase since April 28. Circle, the first stablecoin stock, rose over 9%, with a cumulative increase of about 750% since its listing. Weight loss drug supplier Hims fell nearly 35%, marking the worst single-day performance since its IPO in the U.S. Most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon China Index up 0.85%. Sohu rose nearly 10%, Li Auto rose nearly 8%, and New Oriental rose over 5%. The Hang Seng Index ADR rose, closing at 23,731.93 points, up 42.8 points or 0.18% from the Hong Kong close.

International oil prices fell sharply on June 23. As of the close that day, the settlement price of WTI crude oil futures for the month on the New York Mercantile Exchange fell by $5.33, closing at $68.51 per barrel, a decrease of 7.22%; London Brent crude oil futures for the month fell by $4.96, closing at $70.52 per barrel, a decrease of 6.57%. COMEX gold futures for the month rose by $9.30, an increase of 0.27%, reporting $3,395.0 per ounce.

[Hot Forecast]

Richard Yu of the Hong Kong Monetary Authority: The market has begun to see carry trades, expects Hong Kong dollar interbank rates to rebound

According to Zhitong Finance APP, the Hong Kong dollar interbank rates generally rose on Monday (June 23), with the one-month interbank rate related to mortgage loans ending two consecutive declines, rising 15.52 points to 0.68363%, the highest since June 5. Richard Yu, president of the Hong Kong Monetary Authority, stated that benefiting from a favorable stock market and a hot new IPO market, Hong Kong has seen continuous capital inflows since May. Although Hong Kong dollar interest rates are low, the market has begun to see carry trades, with the Hong Kong-U.S. interest rate spread widening to 3% to 4%, causing the Hong Kong dollar to approach the weak side convertibility guarantee level of 7.85, and it is expected that the Hong Kong dollar interbank rates will rebound Li Qiang signs State Council order, announces "Regulations on Reporting Tax-related Information by Internet Platform Enterprises"

Premier Li Qiang of the State Council recently signed an order announcing the "Regulations on Reporting Tax-related Information by Internet Platform Enterprises," which will take effect from the date of publication. The "Regulations" aim to standardize the reporting of tax-related information by operators and employees within internet platform enterprises to tax authorities, enhance the efficiency of tax services and management, protect the legitimate rights and interests of taxpayers, create a fair and unified tax environment, and promote the standardized and healthy development of the platform economy.

Ministry of Industry and Information Technology and nine other departments: Targeting a 5%-10% increase in gold resources and over 5% increase in gold and silver production by 2027

According to Zhitong Finance APP, on June 23, the Ministry of Industry and Information Technology and nine other departments issued the "Implementation Plan for High-Quality Development of the Gold Industry (2025-2027)." The "Implementation Plan" proposes that by 2027, the resource guarantee capacity and innovation level of the industrial chain will be significantly improved. Gold resources will increase by 5%-10%, and gold and silver production will increase by over 5%. The output of mines with a processing capacity of over 500 tons/day will account for more than 70% of the national total. The comprehensive utilization rate of solid waste from gold will be raised to over 35%. A number of key common technologies and equipment will be broken through, with mining and extraction technologies and equipment for depths below 2000 meters and cyanide-free gold extraction being applied. The supply capacity of high-end new materials made of gold and silver for fields such as new-generation electronic information, aerospace, high-end medical devices, and new energy will be significantly enhanced. A number of high-quality enterprises will be cultivated, the standard system will be continuously improved, and the industrial structure will be further optimized.

National Energy Administration: Cumulative installed power generation capacity nationwide reached 3.61 billion kilowatts from January to May, a year-on-year increase of 18.8%

Zhitong Finance APP learned that on June 23, the National Energy Administration released the national power industry statistics for January to May. As of the end of May, the cumulative installed power generation capacity nationwide reached 3.61 billion kilowatts, a year-on-year increase of 18.8%. Among them, the installed capacity for solar power generation was 1.08 billion kilowatts, a year-on-year increase of 56.9%; the installed capacity for wind power was 570 million kilowatts, a year-on-year increase of 23.1%. From January to May, the average utilization of power generation equipment nationwide was 1249 hours, a decrease of 132 hours compared to the same period last year; the completed investment in power source projects by major power generation enterprises nationwide was 257.8 billion yuan, a year-on-year increase of 0.4%; the completed investment in grid projects was 204 billion yuan, a year-on-year increase of 19.8%.

ChinaSoft International (00354): Reaches strategic cooperation agreement with Silicon-based Flow

ChinaSoft International announced that on June 21, 2025, the company signed a strategic cooperation agreement with Beijing Silicon-based Flow Technology Co., Ltd., aiming to jointly create solutions that accelerate computing power and collaborate with AI full-stack services to empower enterprises' digital transformation. The cooperation plan includes four core platforms: high-performance AI platform, model service platform, knowledge management platform, and intelligent application development platform. ChinaSoft International and Silicon-based Flow will provide product and technical support, project implementation services, and customized development of surrounding AI applications to ensure successful project delivery. In the future, both parties will continue to deepen strategic collaboration and promote intelligent leaps in key industries Tianjin Port Development (03382) Subsidiary Signs Asset Transfer Agreement with Beijing-Tianjin-Hebei Logistics

According to the Zhitong Finance APP, Tianjin Port Development (03382) announced that on June 23, 2025, the China Aviation Oil Terminal Company (a subsidiary of the company) signed an asset transfer agreement with Beijing-Tianjin-Hebei Logistics. The China Aviation Oil Terminal Company agreed to transfer the target assets to Beijing-Tianjin-Hebei Logistics, which agreed to acquire the target assets for a price of RMB 162 million (excluding tax). The target assets were presented for sale through the public listing process of the property rights trading center, and the buyer successfully won the bid as a bidder in the public auction of the target assets.

InnoCare (02577) Reaches Strategic Cooperation with Midea Welling

According to the Zhitong Finance APP, InnoCare (02577) announced that it has recently reached a strategic cooperation with Guangdong Welling Motor Manufacturing Co., Ltd. (Midea Welling), successfully achieving breakthroughs in the field of home appliance motor drives. Both parties will jointly invest resources, focusing on the expansion of gallium nitride in the application field of household air conditioning motors, innovating research and development, and promoting the application of new gallium nitride products and solutions in home appliances, especially in the air conditioning sector, leading the technological upgrade and iteration of the air conditioning industry.

ConvaTec-B (02216): Core Product BroncAblate® Smart Balance® Lung Radiofrequency Ablation System Main Unit Approved for Market in China

According to the Zhitong Finance APP, ConvaTec-B (02216) announced that following the approval for market in China of the BroncAblate® Smart Balance® single-use lung radiofrequency ablation catheter (National Medical Device Approval No. 20253010767) (hereinafter referred to as "BroncAblate® Smart Balance® Catheter"), the company's core product, the self-developed BroncAblate® Smart Balance® lung radiofrequency ablation system main unit (National Medical Device Approval No. 20253011204) (hereinafter referred to as "BroncAblate® Smart Balance® Main Unit") has officially been approved for market by the National Medical Products Administration (NMPA) of China. Thus, the BroncAblate® Smart Balance® lung radiofrequency ablation system, the world's first radiofrequency ablation device for lung cancer treatment via natural cavities (bronchi), officially enters the commercialization process.

[Stock Highlights]

China Hongqiao (01378) Issues Earnings Surprise, Expected Mid-term Net Profit to Increase by Approximately 35% Year-on-Year

According to the Zhitong Finance APP, China Hongqiao (01378) announced that benefiting from favorable factors such as rising aluminum product prices, the group's net profit for the six months ending June 30, 2025, is expected to increase by approximately 35% compared to the same period in 2024. The growth is mainly attributed to the year-on-year increase in both sales prices and sales volume of aluminum alloy and alumina products, driving an increase in the gross profit of related products.

The announcement indicates that the above forecast is based on the board's preliminary assessment of current information (including the unaudited management accounts for the first five months of 2025) and has not been confirmed by auditors or the audit committee. A detailed mid-term performance forecast will be published by the end of August 2025 According to the information, China Hongqiao mainly engages in the production and sales of aluminum products, with main products including liquid aluminum alloy, aluminum alloy ingots, aluminum busbars, and aluminum alloy processing products. The company primarily operates in mainland China, Hong Kong, the British Virgin Islands, Indonesia, and the Cayman Islands. The company also engages in bauxite trading, financial leasing, and environmental protection and supervision through its subsidiaries. In 2024, the company achieved a net profit attributable to the parent company of 22.372 billion yuan, a year-on-year increase of 95.21%