China News Agency, Hong Kong, June 8 (Reporter Zhang Xiaoxi) The Hong Kong Hang Seng Index rose 6.36 points, or 0.03%, to close at 24776.77 points on the 8th. This is the sixth consecutive trading day. Turnover on the Main Board was 129.293 billion yuan (HK$, the same below). In addition, Jingdong Group Co., Ltd. (JD.com) announced the launch of its Hong Kong IPO on the same day.
On that day, the Hang Seng Index opened 247 points or 1% higher at about 25018 points, hitting a three-month high; however, it performed weakly in the afternoon and once fell 91 points to about 24678 points. The closing auction period turned from falling to rising, closing 6.36 points higher at 24776.77 points. The state-owned enterprise index fell 57.37 points to close at 10008.88 points, a decrease of 0.57%.
For blue-chip stocks, Tencent Holdings fell 0.96% to close at 430 yuan; Hong Kong Exchange fell 0.47% to close at 292.80 yuan; China Mobile fell 1.28% to close at 53.95 yuan; HSBC Holdings rose 1.23% to close at 41 yuan.
JD.com publicly offered shares in Hong Kong that day with the stock code of 9618 and will issue 133 million shares. Hong Kong will offer 6.65 million shares at a price cap of 236 yuan per share; the international offering of 12635 million shares. June 11th is the expected pricing date, and will begin trading on the Hong Kong Stock Exchange on June 18.
In an interview with China News Service, Ye Shangzhi, chief strategist of No. 1 Shanghai Securities, said that Hong Kong stocks "five consecutive gains" last week and continued to rise on the 8th. It is estimated that they have entered a relatively high level. However, from the current point of view, there is still great uncertainty in the economic situation. The return of the Chinese stock market has pushed the market to a more "excited" state. However, once the atmosphere "cools", the risk of short-term volatility may be Intensified.
In 2014, JD.com was listed on NASDAQ in the United States, setting a record for the initial public offering of Nasdaq's China concept stocks. It was called "China's first large-scale comprehensive e-commerce platform to go public in the US." At present, JD.com's strategic positioning is "supply chain-based technology and service companies." This time, JD.com will, like Alibaba, use the "same shares but different rights" structure to make a second listing in Hong Kong.
Regarding the return of Chinese stocks such as JD.com and NetEase, Ye Shangzhi believes that this will have a boosting effect on the market sentiment in Hong Kong, but the follow-up trend remains to be seen. (Finish)