Zhitong Hong Kong stocks have long known | Technology loan statistics plan to tighten traditional industries, innovative technology companies may be eliminated

[Today's headlines]

Commercial bank technology loan statistics are facing tightening

A number of people familiar with the banking industry confirmed to the Financial Federation reporter that the relevant departments are stepping up the publication of a compilation of technology enterprise industry case studies to be used to standardize data statistics on commercial banks' technology loan indicators. A commercial banker involved in the relevant research said that the compilation is equivalent to a negative list, and any project involving a case study will not be included in the scope of technology loan statistics. The general tone is to tighten accreditation standards, such as eliminating science and technology project enterprises based on innovation in traditional industries. It is expected that the compilation will be released by the end of the year, and after implementation, it will reduce the size of existing technology loans. According to central bank data, as of June 2025, commercial banks' technology loan balance had exceeded 44.1 trillion yuan, a growth rate of 12.5%; the average loan rate for technology-based enterprises was 51.9%.

[General outlook]

Overnight, the Dow Jones Industrial Average fell 328.09 points to close at 52093.11 points, or 0.63%; the S&P 500 stock index fell 34.25 points to close at 7585.73 points, or 0.45%, the closing low since August; and the Nasdaq Composite Index fell 204.84 points to close at 25981.57 points, or 0.78%.

The oil sector generally rose; Devon Energy and ConocoPhillips rose more than 3%; cryptocurrency concept stocks fell, Circle fell by more than 11%, and Coinbase fell more than 10%.

The Nasdaq China Golden Dragon Index closed down 1.14% to 5765.90 points. The Hang Seng Index ADR rose. On a proportional basis, it closed at 24778.89 points, up 111.65 points or 0.45% from the Hong Kong closing.

WTI crude oil futures on the New York Mercantile Exchange rose $4.09 for the month to close at $105.48 a barrel, or 4.03%. COMEX gold futures fell by $18.50 in consecutive months, or 0.43%, to $4333.4 per ounce.

[Hot Topics Preview]

The two departments carry out administrative guidance on the online hotel reservation platform service industry

On September 15, the General Administration of Market Regulation, together with the Ministry of Culture and Tourism, held an administrative guidance meeting on the online hotel reservation platform service industry, requiring platform companies such as Meituan, Douyin, JD, Ctrip, Tongcheng, and Flying Pig to strictly implement their main compliance responsibilities, prevent and mitigate competitive risks in the industry, and maintain a healthy and orderly travel market environment.

Meituan said that it firmly supports Meituan and will strictly abide by the “Anti-Monopoly Law of the People's Republic of China”, “Anti-Unfair Competition Law of the People's Republic of China”, “E-Commerce Law of the People's Republic of China” and “Tourism Law of the People's Republic of China”, etc., carefully compare and self-check, actively implement the responsibilities of market players, resolutely put an end to issues such as exclusive cooperation and “the lowest price on the entire network”, and prevent “internal” competition risks. Meituan is willing to work with all platforms in the industry to participate fairly in market competition, jointly create a high-quality and affordable market order, effectively safeguard the legitimate rights and interests of consumers, and promote the win-win situation of the platform ecosystem and the healthy development of industry standards.

MTR Corporation (00066) accepts HK$10.5 billion land price offer for Hong Kong Tuen Mun Area 16 Station Phase II project with full land price credit

The proposed development project will include residential buildings, commercial buildings, government buildings and parking spaces. The total residential floor area is not more than 250,000 square meters, while the total commercial floor area is not more than 31,100 square meters. The Government assessed the land price at HK$10.504.7 billion based on the market value of the Tuen Mun site located along the railway line. According to the project agreement, the Tuen Mun South Extension Line reduction amount for the agreed period can be deducted from the land price. After deducting the lower amount of the Tuen Mun South Extension Line during the agreement period, the land price amount will be fully offset.

Meitu (01357) clarifies rumours that the founder reduced his holdings. Founder Wu Xinhong once again increased his shareholding by 1 million shares in the company

The board of directors of the Company was informed by Mr. Wu that Mr. Wu has never sold any shares in the Company and has no plans or intention to sell any shares or otherwise reduce his holdings in the Company. The board was further informed by Mr. Wu that he purchased 1 million shares of the Company at an average price of HK$3.899 per share on the Hong Kong Stock Exchange Limited open market on September 15, 2026.

CSPC Group (01093): SYS6010 was included in the list of breakthrough treatment varieties by the State Drug Administration in China to treat patients with non-squamous non-squamous non-small cell lung cancer with negative driving genes

Lung cancer is one of the leading causes of cancer incidence and death worldwide. According to the “2024 Analysis of the Prevalence of Malignant Tumors in China by Region” published by the National Cancer Center of China, China added about 1.176,000 new cases of lung cancer and 743,000 deaths in 2024, ranking first in the world in terms of incidence rate and death rate. Non-small cell lung cancer (“NSCLC”) is the main pathological subtype of lung cancer, accounting for approximately 85% of all lung cancer cases.

Caihui, the controlling shareholder of Yurong Group (01536), sold 38.54% of the shares and is no longer the controlling shareholder

Zhitong Finance App News, Yurong Group (01536) issued an announcement. On September 15, 2026 (after the trading period), the board of directors of the Company was notified by Caihui Investment Co., Ltd. (Caihui), the controlling shareholder of the Company that it had sold a total of 176 million shares of the Company from September 8, 2026 to September 15, 2026, accounting for about 38.54% of the total issued share capital of the Company on the date of this announcement. Immediately prior to the sale of shares, Caihui had an interest in 188 million shares, accounting for about 41.27% of the total issued share capital of the Company on the date of this announcement. Following the sale of shares, Caihui held 124.46 million shares, accounting for about 2.73% of the total issued share capital of the Company on the date of this announcement, so it is no longer the controlling shareholder of the Company.

Tiangong International (00826) subsidiary plans to invest in Henan Zuoneng Precision to accelerate its entry into the market for PCB precision processing tool products such as PCB drills

Tiangong Hard Alloy will purchase a total of about 48.42% of Zaneng Seiko's shares from the original shareholders at a total price of RMB 46 million. Meanwhile, Tiangong Hard Alloy will use RMB 5 million to subscribe for Zoneng Precision's new shares, accounting for 51.00% of Zoneng Precision's expanded registered share capital after the subscription. Zuneng Seiko is an enterprise specializing in R&D, production and sales of precision tools for PCB processing. It has a monthly manufacturing capacity of 5 million drill bits for PCB processing, can mass-produce drill products for PCB processing of up to 0.03 mm, and provides precision tool products such as standard and customized drills to more than 100 well-known domestic PCB manufacturers.

IDC: Lenovo (00992) first reached the top of the world's x86 server shipments

IDC recently released the latest data on the global server market for the second quarter of 2026. Lenovo's global x86 server shipments reached 286,000 units, up 45.6% year on year, ranking first in the world for the first time; in the same period, Lenovo's x86 server revenue reached 8.26 billion US dollars, an increase of 96% year on year. Since completing the acquisition of IBM's x86 server business in 2014, Lenovo has reached the top of the world's x86 server shipments for the first time.

[Individual stock highlights]

Tianli Holding Group (00117): Murata discontinued production of some parts and normal parts supply may be further strained

MLCC leader Murata Manufacturing announced that it will discontinue production of some MLCC products and expand other production capacity. The scope of this discontinuation covers specific part numbers in the consumer-grade conventional series and automotive specification series. Murata aims to free up production capacity to fully expand the advanced high-end product line by discontinuing production of low gross profit or specific mature material numbers, that is, when production capacity is limited, priority is given to guaranteeing high added value products for AI servers with higher profit margins.

According to Huafu Securities, the number of MLCCs used by AI servers is more than 10 times that of ordinary servers, and is required to work continuously for 7 x 24 hours in a high temperature and high pressure environment; at the same time, AI on the supply side forms a “siphon effect”: the production capacity consumption ratio between high-capacity MLCCs and ordinary MLCCs may reach 7:1, and the yield rate has declined. In the future, more common materials may be squeezed out during the conversion process, causing supply to become even more tight.