Zhitong Hong Kong stocks have long known | International crude oil prices plummeted 9%, and the three major US stock indices collectively surged

[Today's headlines]

China Taibao listed China Shenhua H shares: spending about HK$345 million to increase its holdings, and the total shareholding ratio rose to 5.15%

On November 4, China Pacific Insurance Co., Ltd. and its subsidiary companies such as Taibao Life Insurance, Taibao Industrial Insurance, Pacific Health Insurance, and Pacific Anxin Agricultural Insurance announced the listing of China Shenhua H shares. According to the announcement, on October 30, 2026, Taibao Life Insurance and its related party Taibao Asset Management's portfolio insurance asset management products purchased 8.1075 million shares of China Shenhua H shares through Hong Kong Stock Connect, triggering listing.

According to the Hong Kong Stock Exchange equity disclosure information, on October 30, Taibao Asset, as the manager of Taibao Life Insurance and some portfolio insurance asset management products, purchased 8.107,500 shares of China Shenhua H shares. The average transaction price was HK$42.5532 per share, and the highest transaction price was HK$42.82 per share. Based on the average transaction price, the current increase in holdings was approximately HK$345 million.

[General outlook]

The three major US stock indices collectively surged, and most of the “Big Seven Tech” rose, and international crude oil prices plummeted 9%

Overnight US stocks closed at the close of trading, the Dow Jones Industrial Average rose 1569.4 points to close at 53356.12 points, or 3.03%; the S&P 500 stock index rose 119.7 points to close at 7688.62 points, or 1.58%; and the Nasdaq Composite Index rose 364.5 points to close at 25736.51 points, or 1.44%.

Most of the “Big Seven Tech” rose. Microsoft rose 6.68%, Amazon rose 6.12%, Apple 5.31%, Google-A rose 3.18%, Nvidia fell 3.17%, and Tesla fell 3.34%. Among them, Apple and Microsoft stock prices reached record highs. The retail and consumer sectors strengthened, with Lowe's up 7.50%, Home Depot up 6.53%, and McDonald's up 6.53%. The memory chip and optical communication sectors declined, and the Philadelphia Semiconductor Index fell 3.13%. In terms of individual stocks, Ciena fell 9.28% and SanDisk fell 7.91%.

China Securities surged as a whole. The Nasdaq China Golden Dragon Index rose 3.49% to 5722.71 points, and e-commerce and internet platform stocks strengthened collectively. In terms of individual stocks, Tencent Holdings' ADR rose 3.99%, and Alibaba rose 4.91%.

NYMEX crude oil futures on the New York Mercantile Exchange fell 8.05 US dollars in the same month to 88.04 US dollars per barrel, a decrease of 8.38%. Brent crude oil futures fell $8.95 to $94.65 per barrel during the month, or 8.64% for the month. COMEX gold futures rose $132.80 in the same month, or 3.37%, to $4073.2 per ounce.

The Hang Seng Index ADR rose. On a proportional basis, it closed at 24204.53 points, up 285.03 points, or 1.19%, from the Hong Kong closing price.

[Hot Topics Preview]

Tencent Hybrid Officially Releases New Generation Big Language Model Hy4, Introduces Visual Capabilities for the First Time

On November 4, Tencent Hybrid released the official version of Hy4. With another full jump in model power, Hy became one of the strongest open source models for the first time. Compared to the Hy4 preview, Hy4 significantly expanded the scale of pre-training and post-training, introduced visual ability for the first time, and greatly improved comprehensive abilities such as following instructions, understanding long texts, long-range tasks, and in-depth research.

Five departments including the National Development and Reform Commission issued the “Action Plan for Implementing the Comprehensive Savings Strategy”

Five departments including the National Development and Reform Commission issued the “Action Plan for Implementing the Comprehensive Savings Strategy”. Among them, it is mentioned to curb the unreasonable increase in total energy consumption. Vigorously promote the clean replacement of coal-fired boilers and coal-fired industrial kilns; completely eliminate coal-fired boilers of 10 steam tons/hour or less; increase the comprehensive utilization rate of major non-ferrous metal co-minerals by 2-3 percentage points compared to 2025 by 2030; accelerate the layout of a number of rare precious metal resource recycling projects to promote the recycling of valuable components and high-value utilization; explore and implement a model to control the total amount of land used for construction according to the planning period, and implement comprehensive land supply of integrated stocks and incremental land supply; encourage financial institutions to strengthen support for resource-saving related projects through financial instruments such as green credit and green bonds.

IPO News | Hemei Pharmaceuticals (00054) suspends Hong Kong stock listing and refunds will begin on November 9

The subscription for Hemei Pharmaceutical (00054) ended on November 4. The company issued an announcement after closing the market on the same day. Based on the current market environment, it was decided to delay global sales and listing, and refunds will begin on November 9. According to market news, the number of subscribers in this public offering was less than 10,000, and the amount was oversubscribed by about 2 times; as of 9:50 p.m. on November 3, the brokers' margin data had only recorded 0.37 times oversubscription, involving HK$143 million in capital.

Yasheng Pharmaceutical (06855): A number of clinical developments will be presented at the 2026 American Society of Hematology Annual Meeting (ASH). Among them, APG-5918 received an oral report

Zhitong Finance App News, Yasheng Pharmaceutical (06855) announced that several of the company's clinical and preclinical research advances were selected for the 68th American Society of Hematology (ASH) annual meeting, involving the first third-generation BCR-ABL inhibitor approved for marketing in China, olevatinib (trade name: Nellick®), the first domestically produced original Bcl-2 inhibitor approved for marketing in China (trade name: Risentol®), PRC2/EED inhibitor APG-5918, and The four varieties of BTK degrading agent APG-3288 fully demonstrate the company's deep layout and global innovation strength in the field of hematologic oncology. It is worth noting that APG-5918 first published clinical data and received an oral report.

Bank of China Gold Rental (01606) plans to purchase information technology computer equipment for 1,779 billion yuan

Bank of China Gold Leasing (01606) announced that the company, as the buyer and seller (Shandong Zhisuo Information Technology Co., Ltd.), signed a product purchase agreement on November 4, 2026. According to this, the seller agreed to sell to the buyer and the buyer agreed to purchase the subject of the procurement. The total cost was approximately RMB 1,779 billion. The subject of the procurement was information technology computer equipment.

China Biopharmaceuticals (01177) and Boehringer Ingelheim reached a strategic cooperation with a potential total value of 7 billion US dollars

The Group entered into a strategic option and licensing agreement (agreement) with Boehringer Ingelheim. This is the second cooperation between the two sides in the field of oncology. The two sides are committed to jointly establishing a long-term strategic partnership. The Group will receive a down payment of US$358 million and recent payments, and is entitled to receive potential payment for exercise of options, development, regulation and commercialization milestones, totaling US$7 billion, and a maximum double digit royalty based on future product sales.

Prudential (02378)'s new business profit of US$709 million increased 1% in the third quarter

According to the Zhitong Finance App, Prudential (02378) announced the results for the third quarter of 2026 (based on a fixed exchange rate). New business profit for the third quarter was US$709 million, up 1%. The profit from the new business reached US$2,093 billion since the beginning of the year, an increase of 6%. Profit margins for new businesses have increased by 3 percentage points year to date. Strong growth in other markets, particularly banking and insurance channels, has offset the impact of declining sales in the life insurance business in mainland China. Excluding the life insurance business in mainland China, profit from the new business increased 13% in the third quarter and increased 11% from the beginning of the year to date.

Auto Home-S (02518) announced third quarter results, net profit attributable to shareholders of 195 million yuan

Auto Home-S (02518) announced results for the third quarter of 2026. The group obtained total net revenue of 1,315 million yuan; net profit attributable to common shareholders of 195 million yuan; and plans to distribute a cash dividend of 1.58 US dollars per American depository share.

Honghua Group (00196) subsidiary signed a drilling rig sales agreement with a Central Asian customer for a total amount of about US$59 million

The company's subsidiary, Sichuan Honghua International Science & Trade Co., Ltd. (Honghua International), recently signed a drilling rig sales agreement (sales agreement) with a Central Asian customer (this customer). According to the sales agreement, Honghua International will provide the customer with multiple sets of automated drilling rigs of specific specifications, with a total contract amount of about US$59 million. The customer is mainly engaged in drilling operations within the Central Asian region.

[Individual stock prices are clear]

Zhaojin Mining (01818): The company's offshore gold mine production capacity can be expected to be released

Spot gold broke the $4,000 per ounce mark. According to the latest “China Gold Demand Trend Report” released by the World Gold Council, in the third quarter of 2026, China's total demand for gold reached 192 tons, up 12% year on year and 23% month on month. Meanwhile, according to US media predictions, in the current US midterm elections, the Democratic Party will regain control of both houses of the US Congress, which means that the Trump administration's subsequent policy progress will be significantly restricted.

Huatai Securities pointed out that considering that gold prices are still strongly supported in the medium to long term, and the mine's operations are expected to improve after production resumes, maintaining a “buy” rating. According to the semi-annual report, drilling in the northern part of the Dayingezhuang mining area achieved a major breakthrough in regional prospecting, and completed the acquisition of prospecting rights in the periphery of Zhaojin Baiyun and obtained prospecting rights in the Wasunjia Prospecting Rights in Zhaoyuan City, Shandong Province. On the project side, the company obtained 8 key certification results in the first half of the year, including the expansion of mining rights at the Zaozigou Gold Mine; the design and selection scale of the offshore gold mine for the core incremental project is 12,000 tons/day, and the construction cycle is from August 2022 to August 2028, and is expected to be put into operation in 2028.