To The Moon

Internet giants collapsed! $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$, the king of HK stock, fell by 12% last Friday, while $NetEase(NTES)$ $NTES-S(09999)$ plunged by 24.6%!

Last Friday, the draft release of "Network Game Management Measures" proposed restrictions on excessive use and high spending in games.

As a result, the gaming stocks plunged, the $HSI(HSI)$ turned from up to down, and finally closed down 1.69%!

On the macro side, the LPR rate remained unchanged last week, and the interest rate cut expectation was disappointed. However, state-owned banks including $ICBC(01398)$ have launched a new round of deposit rate cuts.

US stocks remained strong last week, with the $NASDAQ 100(NDX)$ hitting a new all-time high.

By sectors, healthcare, real estate, and information technology lost most:

Southbound funds did not rush to buy Hong Kong stocks in a big way last week, with only a net inflow of HK$140 million. Especially last Friday, they bucked the tradition of buying heavily whenever the Hang Seng Index fell sharply:

Key Events in Hong Kong Stocks Last Week

1. Tang Xiaoou, the founder of $SENSETIME-W(00020)$ , passed away;

2. $EAST BUY(01797)$ "Essay" event ended, Dong Yuhui became senior partner at the company;

3. $Alibaba(BABA)$ $Alibaba(09988)$ reduced its stake in $XPeng Inc.(XPEV)$ $XPENG-W(09868)$ ;

4. $NIO Inc.(NIO)$ $NIO Inc.(NIO.SI)$ $NIO-SW(09866)$ intends to issue additional shares with a total value of about $2.2 billion to CYVN Holdings, an investment vehicle of ABU Dhabi;

5. Shipping prices soar after multiple attacks in the Red Sea;

6. Hong Kong issued the "New Capital Investor Entry Scheme", which restarted investment immigration after eight years;

7. Eddie Wu replaced Trudy Dai as CEO of Taobao Tmall Group;

8. Hong Kong shares have repurchased HK $118.7 billion this year, a record high;

9. $China Merchants Bank Co.,Ltd.(600036)$ 's H shares were jointly bought by $JPMorgan Chase(JPM)$ and $BlackRock(BLK)$ ;

10. The United States considers raising tariffs on Chinese electric vehicles;

11. $Industrial And Commercial Bank Of China Limited(601398)$ and other major state-owned banks announced lower deposit rates;

12. It is rumored that Douyin is in talks with $Alibaba(BABA)$ $Alibaba(09988)$ to acquire Ele.me.

Eight Stocks Worth Attention Among Top Trading HK Stocks Last Week

Top1: $TENCENT(00700)$ $Tencent Holding Ltd.(TCEHY)$ , the National Press and Publication Administration released a draft of "Network Game Management Measures," game stocks plummeted, Tencent's market cap plunged by over HK$500 billion at one point in the day;

Top2: $MEITUAN-W(03690)$ $MEITUAN(MPNGF)$ , there were rumors that Douyin was in talks with Alibaba to acquire Ele.me last week, sparking concerns that Meituan's core business could be impacted, sending its shares crashing;

Top3: $EAST BUY(01797)$ , "Essay" event ended, CEO Sun Dongxu left office, Dong Yuhui became senior partner, the stock price rose;

Top5: $Alibaba(09988)$ $Alibaba(BABA)$ , Alibaba made several moves last week, including Eddie Wu replaced Trudy Dai as CEO of Taobao Tmall Group, and then announced the reduction of Xpeng. Alibaba will sell Ele.me. It is clear that management has begun to strategically restructure after Pinduoduo's market cap surpassed Alibaba's; it is obvious that after the market value of Pin-duo exceeds Ali, the management began strategic integration;

Top6: $NetEase(NTES)$ $NTES-S(09999)$ , like Tencent, was affected by the National Press and Publication Administration's release a draft of "Network Game Management Measures," and its share price plummeted;

Top 7: $SENSETIME-W(00020)$ , which saw its share price tumble after the sudden death of its founder Tang Xiaoou over the weekend;

Top8: $JINYUAN HCHEM(02502)$ , the company landed in the Hong Kong Stock Exchange last week, the first day of the listing plummeted 27.5%, Hong Kong IPO market is still in the cold winter;

Top10: $Bilibili Inc.(BILI)$ $BILIBILI-W(09626)$, the company also has a game business, and its shares affected fell sharply due to policy concerns last week.

This week's Hong Kong stock market events

1. Hong Kong stocks will be closed from Monday to Tuesday for Christmas.