Zhitong Hong Kong Stocks Early Knowledge | The State Council has in principle agreed to the "Implementation Plan for Strengthening the Foundation of Medical and Health Services" Midea Group has reached a bilateral strategic cooperation with Frigicoll

【Today's Headlines】

The State Council Principally Approves the "Implementation Plan for Strengthening Basic Medical and Health Services"

The State Council has principally approved the "Implementation Plan for Strengthening Basic Medical and Health Services." The plan states that by 2027, the layout of grassroots medical and health institutions will be more reasonable, facility conditions will be further improved, and the capacity for basic public health services and basic medical services will continue to enhance, striving for residents to reach the nearest medical service point within 15 minutes. By 2030, the grassroots medical and health service system will be further improved, the talent pool will continue to grow, facility conditions and digital intelligence levels will significantly improve, the equalization of basic public health services and the homogenization of basic medical services will be notably enhanced, the service volume of medical and health institutions at the county level and below will continue to increase, the coordinated development of traditional Chinese and Western medicine will reach a higher level, and the construction of a hierarchical medical service system will achieve significant results, allowing the public to enjoy high-quality and efficient health services conveniently nearby. This involves the Hong Kong stock market's medical device sector.

【Market Outlook】

Oracle Soars Nearly 36%, Hits Record High

Overnight, the U.S. stock market closed with the Dow Jones Industrial Average down 220.42 points from the previous trading day, closing at 45,490.92 points, a decline of 0.48%; the S&P 500 index rose 19.43 points, closing at 6,532.04 points, an increase of 0.3%; the Nasdaq Composite Index rose 6.57 points, closing at 21,886.06 points, an increase of 0.03%. The S&P 500 index and Nasdaq continued to set closing records. Oracle surged nearly 36%, closing at a record high, with an intraday market value increase of about $250 billion. Most large tech stocks fell, with Amazon and Apple down over 3%.

Most popular Chinese concept stocks fell, with the Nasdaq Golden Dragon China Index down 0.95%. Nio fell nearly 9%, iQIYI fell nearly 7%, XPeng fell over 3%, and Alibaba fell over 2%. The Hang Seng Index ADR fell, closing at 25,977.35 points, down 222.91 points or 0.85% compared to the Hong Kong closing.

【Hot Topics Ahead】

Chen Zhihua: Suggests Gradually Reducing or Eliminating Stock Transfer Tax; GEM Board Can Learn from Nasdaq's Tiered System to Stimulate Vitality

According to Zhitong Finance APP, Hong Kong's new "Policy Address" will be published on September 17. Chen Zhihua, President of the Hong Kong Securities and Futures Professionals Association, suggested that the authorities could reduce or eliminate the stock transfer tax in three phases, expecting that lower trading costs will enhance market depth. He also mentioned that the Growth Enterprise Market (GEM) lacks overall vitality due to various regulations and approvals, failing to fully support financing for small and medium-sized enterprises. He suggested adopting the tiered system of the U.S. Nasdaq market to establish differentiated listing standards for companies of different sizes and development stages.

Midland: Average Price per Square Foot in Hong Kong's Top Ten Housing Estates "7 Up, 3 Down" in the First Eight Months of This Year, with the Largest Increase in Whampoa Garden

According to Zhitong Finance APP, recent trends in Hong Kong's property prices have stabilized after a decline, with the "Midland Property Price Index" showing a turnaround from decline to increase this year, rising about 0.44% so far. Based on the top ten housing estates, Midland Property data shows that in the first eight months of this year, the average registered usable price per square foot compared to the end of last year increased in seven estates, with all increases outpacing the market, while only three estates saw a price decline, resulting in a "7 Up, 3 Down" situation The property with the largest increase is Whampoa Garden, which rose approximately 8% in the first eight months of this year. This involves local real estate stocks in Hong Kong.

CFM: Prices in the storage market will see a comprehensive increase in the fourth quarter

CFM's latest report on the flash memory market indicates that major manufacturers, including Chinese companies, are expected to experience a widespread price increase in the fourth quarter, setting the tone for the spring market next year. This price increase mainly focuses on the enterprise and mobile phone markets, with enterprise-level storage prices expected to achieve single-digit growth in Q4, and mobile embedded storage prices also expected to rise slightly.

GGII: Global power battery installation volume from January to July is approximately 552.7GWh, with the top ten companies accounting for nearly 90%

According to Zhitong Finance APP, the High Industry Research Institute (GGII) released the "Global Power Battery Installation Volume Monthly Database," showing that in July 2025, global sales of new energy vehicles reached 1.61 million units, a year-on-year increase of 21%; the power battery installation volume was approximately 86.8GWh, a year-on-year increase of 30%. From January to July 2025, cumulative global sales of new energy vehicles reached 10.386 million units, a year-on-year increase of 27%, driving the global power battery installation volume to approximately 552.7GWh, a year-on-year increase of 34%. Among them, the top ten companies in global power battery installation volume accounted for a total of 495.8GWh, holding 89.7% of the global share. This involves Hong Kong stocks such as CATL, BYD, and Zhongxin Innovation.

Guangdong Province's pig-to-grain price ratio enters the excessive decline level three warning zone

According to the Guangdong Provincial Development and Reform Commission, based on monitoring by the Guangdong Price Monitoring Center, the average pig-to-grain price ratio in the province on September 9 was 5.93:1, entering the excessive decline level three warning zone set by the joint issuance of the "Guangdong Province's Improvement of Government Pork Reserve Adjustment Mechanism and Work Plan for Ensuring Supply and Stabilizing Prices in the Pork Market" by five departments. It is recommended that farms scientifically arrange production and operational decisions to maintain overall stability in pig production capacity and normal rhythms of market release and replenishment.

Tianjin Development (00882) subsidiary Lifeng Pharmaceutical plans to invest 174 million yuan to establish a fund

Zhitong Finance APP reports that Tianjin Development (00882) announced that on September 10, 2025, Lifeng Pharmaceutical (an indirect non-wholly-owned subsidiary of the company) entered into a partnership agreement with Jianxin Equity, TEDA Private Equity, Gongqingcheng Jianxing, TEDA International, the State-owned Assets Mother Fund, and the Emerging Industry Fund. The fund will be established with a total subscribed capital of 500 million yuan (approximately HKD 547 million), of which Lifeng Pharmaceutical (as a limited partner) has subscribed 174 million yuan (approximately HKD 190 million), accounting for 34.75% of the total subscribed capital of the fund, but is subject to the terms and conditions of the partnership agreement.

NIO-SW (09866): Announces proposed issuance of 181,818,190 Class A shares

NIO-SW (09866) announced on September 10, 2025, a proposed issuance involving a total of no more than 182 million Class A ordinary shares of the company, including the issuance of American Depositary Shares, with each American Depositary Share representing one Class A ordinary share of the company, and the issuance of Class A ordinary shares. The American Depositary Shares and/or Class A ordinary shares issued in the equity issuance will be allocated between the issuance of American Depositary Shares and ordinary shares based on investor intentions Hong Kong Securities and Futures Commission: ZhongAn Smart Life (02271) has a highly concentrated shareholding

According to Zhitong Finance APP, ZhongAn Smart Life (02271) announced that the Hong Kong Securities and Futures Commission recently inquired about the company's share distribution. The inquiry results show that as of August 27, 2025, 14 shareholders collectively held 121 million shares of the company, accounting for 23.29% of the company's issued share capital. This shareholding, along with the 380 million shares held by the company's controlling shareholder (accounting for 73.44% of the issued shares), represents 96.73% of the total issued shares of the company as of August 27, 2025. Therefore, only 16.9018 million shares (accounting for 3.27% of the issued shares) are held by other shareholders.

Goldwind Technology (02208) plans to invest 18.92 billion yuan in Inner Mongolia to build a wind-hydrogen-ammonia integrated project

According to Zhitong Finance APP, Goldwind Technology (02208) announced that to implement the national "dual carbon" goals and create a demonstration project for wind-hydrogen-ammonia integration, the company held the fifth meeting of the ninth board of directors on September 10, 2025, where it reviewed and approved the proposal on signing an investment agreement for the 3GW wind-hydrogen-ammonia integrated project in Urat Middle Banner. The company agreed to apply for the project and obtain project development rights based on the policy requirements for the wind-hydrogen-ammonia integrated project in Inner Mongolia. The company's wholly-owned subsidiary, Urat Middle Banner Goldwind Runhang New Energy Technology Co., Ltd., will carry out the filing of the chemical side project and issue the "Investment Commitment Letter." At the same time, the company plans to sign the "Investment Development Agreement for the Wind Power Hydrogen Ammonia Integrated Project" with the People's Government of Bayannur City, with a total investment amount of approximately 18.92 billion yuan.

R&F Properties (02777): Plans to preliminarily provide an overall domestic bond restructuring plan for domestic bondholders

R&F Properties announced that the company plans to preliminarily provide an overall domestic bond restructuring plan for its domestic bondholders, including cash buybacks, debt-for-asset swaps, accounts receivable trust share swaps, asset trust share swaps, stock economic benefit rights payments, and full debt retention with extended terms.

Yue Yuen Industrial (00551) August comprehensive operating income net approximately 650 million USD, down 8.8% year-on-year

According to Zhitong Finance APP, Yue Yuen Industrial (00551) announced that the company's comprehensive operating income net for August 2025 was approximately 650 million USD, a decrease of 8.8% year-on-year; the cumulative comprehensive operating income net for the first eight months was approximately 5.382 billion USD, a decrease of 0.5% year-on-year.

Kailijia International (02122) enters the TCG track and reaches operational service cooperation with the global top IP Pokémon

According to Zhitong Finance APP, Kailijia International (02122.HK) announced that it will strategically layout the trading card game (TCG) market, and in the first phase, it has reached operational service cooperation with the global top IP Pokémon. On September 10, 2025, the first official Pokémon card dojo in Beijing officially opened at the Beijing Huiju Shopping Center [Stock Highlights]

Midea Group (00300): Expanding Overseas Layout and Reaching Bilateral Strategic Cooperation with Frigicoll

On September 9 local time, Midea Group and its long-term European partner Frigicoll jointly announced that they have officially reached a joint venture agreement in Spain and France, establishing "Midea Frigicoll HVAC Spain" and "Midea HVAC France" to comprehensively expand their HVAC market business in both countries. The joint venture will focus on providing high-performance, energy-efficient, and environmentally friendly HVAC solutions for residential, commercial, and industrial facilities.

From a regional perspective, overseas business growth is strong. The company's overseas revenue in the first half of the year reached 107.19 billion yuan, a year-on-year increase of 17.7%, with a growth rate higher than the domestic market's 14.1%. Domestic: In H1 2025, revenue reached 143.931 billion yuan, yoy +14.05%, accounting for 57.31% of total revenue, while overseas revenue reached 107.193 billion yuan, yoy +17.7%, accounting for 42.69% of total revenue. Although there were fluctuations in overseas tariff policies in the second quarter, the company still achieved rapid growth overseas. Guojin Securities Research believes that since the beginning of the year, the home appliance retail sector has maintained high growth, with strong demand resilience supported by domestic subsidies, and sustained high demand in emerging markets is expected to drive exports to maintain good growth