Zhitong Hong Kong Stock Early Knowledge | The People's Bank of China has increased its gold holdings for the 11th consecutive month, and the box office for the 2025 National Day holiday has exceeded 1.7 billion

[Today's Headlines]

China's Central Bank Increases Gold Reserves for the 11th Consecutive Month

China's central bank: As of the end of September, China's gold reserves stood at 74.06 million ounces, an increase of 40,000 ounces month-on-month, marking the 11th consecutive month of gold accumulation. At the end of August, gold reserves were reported at 74.02 million ounces.

Overnight international gold prices hit a historic high. Spot gold surpassed $3,980 per ounce, just a step away from $4,000. COMEX gold futures for the current month rose by $28.10, an increase of 0.71%, closing at $4,004.4 per ounce.

Goldman Sachs raised its gold price forecast for December 2026 to $4,900 per ounce, up from a previous estimate of $4,300. It is expected that the net gold purchases by central banks worldwide will average 80 tons and 70 tons in 2025 and 2026, respectively, as emerging market central banks may continue to diversify their foreign exchange reserves through increased gold holdings.

[Market Outlook]

Nasdaq China Golden Dragon Index Falls 2.24%

Overnight, U.S. stocks closed with the Dow Jones Industrial Average down 91.99 points from the previous trading day, closing at 46,602.98 points, a decrease of 0.20%; the S&P 500 index fell by 25.69 points, closing at 6,714.59 points, a decline of 0.38%; the Nasdaq Composite Index dropped 153.31 points, closing at 22,788.36 points, a decrease of 0.67%. Most popular tech stocks fell, with Tesla down over 4%. Cryptocurrency concepts, semiconductor equipment, and materials saw significant declines, with Strategy down over 8%, Kioxia Semiconductor down over 7%, and ASML down nearly 4%.

Popular Chinese concept stocks generally fell, with the Nasdaq China Golden Dragon Index down 2.24%, and Alibaba dropping over 3%. The Hang Seng Index ADR fell, closing at 26,857.7 points, down 100.07 points or 0.37% compared to the Hong Kong close.

Citigroup strategists noted that as investors seek to cash in on this year's record gains, the risks facing U.S. tech stocks are increasing.

[Hot Topics Ahead]

U.S. Government Continues to Increase Holdings in Lithium Mining Stocks

News from Beijing time on October 7: The U.S. announced a partnership with mineral exploration company Trilogy Metals, acquiring a 10% stake in Trilogy Metals. After hours, Trilogy Metals surged over 230%; overnight, the stock closed up 211%. On October 6, the Trump administration was discussing investing in critical metals company Critical Metals, which could give the U.S. direct ownership of Greenland's largest rare earth mining project. On October 6, the Trump administration was discussing investing in critical metals company Critical Metals, which could give the U.S. direct ownership of Greenland's largest rare earth mining project. Critical Metals' stock price soared, at one point surging nearly 109%. Other U.S. rare earth concept stocks also saw significant gains, with USA Rare Earth rising over 12% at one point, American Resources up over 13%, and MP Materials up 4.8% Aurubis' copper premium for European customers in 2026 reaches a historic high of $315 per ton

According to market news, global non-ferrous metal supplier Aurubis has set the copper premium for European customers at $315 per ton in 2026, marking a historic high and a 38% increase from 2025. This involves the Hong Kong stock market's non-ferrous metal copper sector.

WHO releases tobacco trend report emphasizing the need for stronger regulation of e-cigarettes

The latest tobacco trend report released by the World Health Organization on the 6th shows that the number of smokers worldwide is decreasing, but the harms of tobacco are far from over. Tobacco addiction still affects one in five adults globally, causing millions of preventable deaths each year. At the same time, e-cigarettes are triggering a new wave of addiction, necessitating stronger regulation.

EU-China Chamber of Commerce automotive working group holds second meeting

According to the EU-China Chamber of Commerce, the automotive working group successfully held its second meeting online on the morning of October 6. Members from Nio (09866), Changan, XPeng (09868), Xiaomi (01810), Great Wall (02333), Guoxuan High-tech, HRC, and the China Automotive Technology and Research Center participated in the meeting. Participants engaged in in-depth discussions and exchanges on the latest developments regarding EU electric vehicle tariffs, China's newly issued export licensing management policy for pure electric passenger vehicles, the progress of the European Connected and Automated Driving Alliance, and other recent EU policy trends. The meeting also discussed the key work focus for the automotive working group in the fourth quarter, aiming to ensure steady progress and effectiveness in all tasks within the year.

2025 National Day box office exceeds 1.7 billion

According to data from online platforms, as of now, the total box office for the 2025 National Day period has surpassed 1.7 billion yuan.

Nike CEO states that the company's turnaround plan shows initial results

Nike CEO Elliott Hill stated on Monday that the company's turnaround plan has shown initial results, but it will take some time to restore profitable growth. When asked about the expectation to achieve mid- to high-single-digit revenue growth and strong profit margins, Hill acknowledged that it would take time but expressed confidence that the company has a pathway to achieve this goal. This involves Hong Kong stocks Shenzhou International (02313), Yue Yuen Industrial (00551), and Jiuxing Holdings (01836).

Geely Auto plans to repurchase shares worth up to HKD 2.3 billion

On October 6, Geely Automobile Holdings Limited announced a share repurchase plan with a maximum amount of HKD 2.3 billion. The plan will be implemented in batches through an automated mechanism in the open market after obtaining approval from the Hong Kong Stock Exchange. Upon completion of the repurchase, the relevant shares will be canceled, and the company will not issue new shares within 30 days after the repurchase is completed. It is reported that the funds for this repurchase come from Geely Auto's existing capital and cash reserves.

Leapmotor (09863) to launch sales in the Brazilian market in November

Leapmotor, in collaboration with Stellantis to explore international markets, held a press conference in São Paulo announcing that sales will begin in Brazil in early November. Sales will start from 36 dealerships in major cities across Brazil. The first models to be launched are the B10 and C10, imported from China. Leapmotor expects to start sales in Chile a few days before the launch in Brazil [Stock Highlights]

Anhui Conch Cement (00914): 6 Major Canal Infrastructures May Bring Incremental Growth

According to Zhitong Finance APP, recent news from "China Cement Network" indicates that the "infrastructure madman" has started and is fully committed to digging canals. From south to north, six provinces including Anhui, Guangxi, Hubei, Henan, Hunan, and Jiangxi are all taking vigorous action, with a total investment exceeding 850 billion yuan. This includes: Zhejiang-Jiangxi-Guangdong Grand Canal, Jianghuai Canal (already navigable), Pinglu Canal, Jinghan Canal, Xianggui Canal, and inland water transport projects in Henan Province. Based on existing data estimates, the construction of the five major canals—Pinglu Canal, Zhejiang-Jiangxi-Guangdong Grand Canal, Jianghuai Canal, Jinghan Canal, and Xianggui Canal—may drive cement demand by over 80 million tons.

Recently, the China Cement Association issued an opinion on "further promoting the cement industry's 'anti-involution' and 'stabilizing growth' for high-quality development," which also requires enterprises to verify discrepancies between actual production capacity and filings, with a deadline to complete the procedures. Against this backdrop, mergers and acquisitions in the cement industry are continuing to deepen and have become a key path for structural reform on the supply side of the industry.

As of the end of the first half of the year, Anhui Conch Cement Company has a clinker capacity of 276 million tons, cement capacity of 407 million tons, aggregate capacity of 167 million tons, operational ready-mixed concrete capacity of 57.15 million cubic meters, and operational new energy power generation installed capacity of 845 megawatts, demonstrating significant scale advantages