Zhitong Hong Kong stocks have known for a long time | Federal Reserve Governor Waller released a dovish signal that US stocks have collectively surged

[Today's headlines]

Online Feature Film Creation Symposium Held: Rational Use of AI and Other New Technologies to Make It a Creative Tool and Creative Partner

On September 2, an online feature film creation symposium was held. The conference held in-depth exchanges and discussions on topics such as online feature film creation practices, operating model innovation, industrial development and policy support.

The conference put forward requirements for further promoting the high-quality development of online feature films: first, adhering to correct value leadership, anchoring cultural mission, and putting correct value orientation first; second, to dig deep into ideological content, enrich subject types, and create masterpieces through diverse creations; third, to optimize the development ecosystem, innovate business models, create a creative-friendly ecosystem, and promote the healthy and orderly development of the industry; 4. Adhere to technological empowerment and rational use of new technologies such as AI to help the industry improve quality and efficiency.

The conference was hosted by the TV Drama Department of the State Administration of Radio and Television and hosted by the Content Center. Representatives from the four provincial radio and television bureaus of Shanghai, Jiangsu, Hunan and Guangdong, industry experts, representatives of the China TV Drama Production Industry Association, Internet feature film creators and production agencies, and representatives of the four online audiovisual platforms Mango TV, iQiyi, Youku, and Tencent Video attended the conference.

The AI video involves relevant Hong Kong stocks: Reading Group (00772) with materials and IP categories, Paradigm Intelligence (06682), Meitu (01357) for retouching, MiniMax (00100) and Kuaishou (01024) for video tools, and Fubo Group (03738), which has copyright.

[General outlook]

The three major US stock indices all rose more than 1%, Tesla rose 5.42%

Overnight, the Dow Jones Industrial Average rose 624.16 points to close at 53686.11 points, or 1.18%; the S&P 500 stock index rose 81.11 points to close at 7747.71 points, or 1.06%; and the Nasdaq Composite Index rose 366.23 points to close at 26584.06 points, or 1.4%.

The “Big Seven Tech” rose collectively, with Tesla up 5.42%, Meta up 3.01%, Microsoft 2.68%, Nvidia 1.80%, SpaceX 6.42%, and Oracle over 5.69%. Dell Technology rose 4.91%, a record high since launch. Gold mining stocks strengthened. Jintian rose more than 7%, Harmony Gold rose more than 6%, and Kinross Gold rose more than 4%.

The Nasdaq China Golden Dragon Index fell 0.81% to 6002.24 points. The Hang Seng Index ADR rose. On a proportional basis, it closed at 25504.11 points, up 290.80 points or 1.15% from the Hong Kong closing.

WTI crude oil futures on the New York Mercantile Exchange rose $0.66 for the month to close at $91.67 a barrel, or 0.73%. COMEX gold futures rose $105.70 for the month in a row, or 2.39%, to $4520.3 per ounce.

[Hot Topics Preview]

Federal Reserve Governor Waller Speaks on Inflation Prospects Traders Lower Interest Rate Hike Bets

On the evening of September 3, Beijing time, Federal Reserve Governor Christopher Waller said in his speech on the inflation outlook that his next decision on interest rates will “largely depend” on the August inflation data to be released next week. He pointed out, “If the inflation data is hot, I will consider supporting interest rate hikes,” and emphasized that a slight acceleration in inflation may cause him to switch to supporting more austerity policies. Waller said that recent data showed “inflation is showing some signs of easing,” but it is still higher than the Federal Reserve's 2% target. He added that if August inflation data shows a reversal of progress, the Federal Reserve may need to slightly adjust its policy stance to ensure that inflation returns to a downward trajectory. Traders lowered their bets on the Fed's interest rate hike after Federal Reserve Governor Waller made a statement.

Tencent WorkBuddy International Edition Launched Globally Every Month Fully Upgraded AI Office Capabilities

The Zhitong Finance App learned that WorkBuddy's international product expert Liu Jiamin said that Tencent WorkBuddy officially opened in the international market at the end of May this year. It has now landed in Hong Kong, China, Macau, the United States, Singapore, Thailand and the Philippines, and will launch in the global market this month. The international version has only been launched for more than three months, and it has already opened up most office scenarios that require improved efficiency. Among them, Hong Kong users require extremely high efficiency of AI products, and improving work productivity is WorkBuddy's strength.

Genting Xinyao (01952): The marketing application for a new drug for treating acute episodes of paroxysmal supraventricular tachycardia in adults converted to sinus rhythm was approved in China

China's National Drug Administration (NMPA) has approved a new drug marketing license application for Starbital® (etripamil nasal spray) to treat acute episodes of paroxysmal supraventricular tachycardia (PSVT) in adults, which reverted to sinus rhythm. This approval is based on data results obtained from the Starbital® Global Key Phase III RAPID Clinical Study and the China Phase III JX02002 Clinical Research Institute. Both studies reached the primary endpoints anticipated by the programme.

Kangzhe Pharmaceutical (00867): Innovative drug rucotinib phosphate cream Belutuo® increases atopic dermatitis indications (AD) application approved for marketing in China

The product is used for the local short-term and non-persistent chronic treatment of mild to moderate atopic dermatitis in children 2 years and older and adults without impaired immune function when other topical medications are poorly controlled or not recommended. The current NDA for AD indications was approved by the NMPA Drug Evaluation Center for “new varieties, dosage forms and specifications of pediatric drugs that meet the physiological characteristics of children” to be included in the list of priority review varieties, effectively shortening the review cycle and speeding up the approval of this AD indication.

Xuanzhu Bio-B (02575) and INNOBIC reached a commercial cooperation on piroxil in the Thai market

Under this agreement, the Group jointly grants Innobic (Asia) and Good Morning International exclusive commercialization rights for target products within the Thai region (“Target Area”). Such commercialization rights include the right to import, promote, market, offer to sell, and distribute target products within the target region. Innobic (Asia) will act as a distributor and be responsible for drug registration, local marketing and commercial operation of target products in target regions.

US Capital Group reduced its holdings by HK$600 million Ctrip Group-S (09961)

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on September 1, US Capital Group reduced its holdings of Ctrip Group-S (09961) by 182.06.31 million shares, at a price of HK$349.7037 per share, for a total amount of about HK$637 million. After the holdings were reduced, the latest number of shares held was approximately 47.2809 million shares, and the latest shareholding ratio was 6.80%.

Digitong Telecom (00315) announces annual results, profit attributable to shareholders of HK$525 million increased 10% year-on-year

Digitong Telecom (00315) announced its 2025/2026 results. The company achieved revenue of HK$6.604 billion during the period, an increase of 6% over the previous year; profit attributable to shareholders of HK$525 million, an increase of 10% over the previous year; basic profit per share of HK47.7 cents; and proposed to pay a final dividend of HK17.5 cents per share.

Yide Investment Holdings (06182) was sold by the controlling shareholder MarsNest about 63.75% of the company's shares

Yide Investment Holdings (06182) issued an announcement. The board of directors was notified by Mars Nest Limited (MarsNest), the controlling shareholder of the Company, that it had sold 510 million shares (shares) of the Company on September 3, 2026, which is equivalent to about 63.75% of the total issued share capital of the Company (sale). Following the completion of the sale, MarsNest no longer held any shares and is therefore no longer the controlling shareholder of the Company.

[Individual stock prices are clear]

Fubo Group (03738): Affiliated to establish a strategic partnership and commercial agreement with UNN to obtain 25 MW data center capacity to build an “AI factory”

According to Zhitong Finance App, Fubo Group (03738) announced that a subsidiary of the Group has entered into a strategic partnership and commercial agreement with Unified National Networks Sdn Bhd (UNN) to establish a strategic partnership between the two parties and obtain 25 megawatts of data center capacity equipped to deploy artificial intelligence computing power, using liquid cooling and high power density technology.

This move enabled the Group to establish and operate an “AI factory” driven by an advanced artificial intelligence computing system based on NVIDIA's computing core in Brunei Darussalam (Brunei Darussalam). The new AI factory will help expand the Group's DreamMaker platform and related services, serving film and television studios, independent producers and content creators, while further strengthening the Group's capabilities in AI-driven content creation, copyright protection and monetization.

The agreement also covers an additional 25 MW data center expansion in subsequent stages to support the Group's future business expansion.