Zhitong Hong Kong stocks knew a long time ago | Nvidia's stock price plummeted after the market, Xizhi Technology-P (01879) signed a counseling agreement on A-share listing

[Today's headlines]

Central Bank: Make good use of the convenience of large redemptions and swaps of non-banks in the bond market to maintain the smooth operation of financial markets such as stocks, bonds, and foreign exchange

The Zhitong Finance App learned that on November 11, the central bank released China's monetary policy implementation report for the third quarter of 2026. The main idea for the next phase of monetary policy: actively and steadily prevent and mitigate financial risks. Establish a comprehensive macroprudential management system and improve systemic financial risk prevention and treatment mechanisms. Expand and enrich the central bank's macroprudential and financial stability functions, enrich and improve the toolbox, strengthen the implementation of two monetary policy tools to support the capital market, make good use of the convenience of large redemptions and swaps between non-banks in the bond market, and maintain the smooth operation of financial markets such as stocks, bonds, and foreign exchange. Strengthen financial risk monitoring, assessment and early warning, and strengthen the investigation and judgment of systemic financial risks. Promote the improvement of early financial risk correction mechanisms with hard restrictions, and promote an orderly link between early correction and risk management. Strengthen macroprudential management of systemically important financial institutions, further promote the construction of additional supervision systems, and steadily expand the coverage of additional supervision to the non-banking sector.

[General outlook]

By the close of overnight US stocks, the Dow Jones Industrial Average was up 254.6 points from the previous trading day, or 0.49%; the S&P 500 stock index rose 98.45 points to close at 7619.38 points, or 1.31%; and the Nasdaq Composite Index rose 400.32 points to close at 25466.19 points, or 1.6%.

The “Big Seven Tech” had mixed ups and downs. Tesla rose 2.91%, Nvidia rose 2.87%, Google-A rose 2.11%, Apple 2.04%; Amazon fell 1.74%, Meta fell 1.97%, and Microsoft fell 2.26%. In terms of AI cloud service vendors, CoreWeave rose 24.71%, Nebius rose 15.44%, and Oracle rose 8.82%. The AI hardware industry chain soared, and the Philadelphia Semiconductor Index rose 5.66%. In the storage sector, SanDisk rose 13.69%, Micron Technology rose 11.89%, and SK Hynix rose 9.71%.

There was an overall correction in China Securities. The Nasdaq China Golden Dragon Index fell 0.80% to 5650.77 points. E-commerce and NEV companies generally weakened. The Hang Seng Index ADR declined. On a proportional basis, it closed at 24071.49 points, down 244.43 points or 1.01% from the Hong Kong closing.

WTI crude oil futures on the New York Mercantile Exchange rose 0.36 US dollars during the month to 86.4 US dollars per barrel, an increase of 0.42%. COMEX gold futures fell by $39.10, or 0.97%, to $3991.1 per ounce during the month.

[Hot Topics Preview]

BNEF: Global wind power installations are expected to drop 15% this year, the first drop since 2022

The number of new wind power installations around the world will decline this year. The latest Bloomberg New Energy Finance report predicts that in 2026, the world will add about 145 GW of new wind power installations, a year-on-year decrease of 15%, the first annual decline since 2022. According to the report, the decline is mainly due to China, the world's largest wind power market, slowing down after three consecutive years of record; however, the new installed capacity in markets outside of China will reach record highs, and offshore wind power and inventory upgrading will become structural highlights.

Nvidia's stock price plummeted after the market, reports say the company plans to remove Hwang In-hoon

The post-market decline in Nvidia's stock price widened to 9%. Earlier reports claimed that Nvidia CEO Hwang In-hoon had an affair with a company executive reporting to him. According to reports, Nvidia is preparing to remove CEO Hwang In-hoon. Nvidia's board of directors is preparing to meet as early as today.

COSCO Haineng (01138): A wholly-owned subsidiary signed a contract to lease 16 VLCCs, subject to shareholders' approval

COSCO Haineng announced that its wholly-owned subsidiary Huanyu previously planned to launch a long-term leasing and finance cooperation project for 16 new VLCC ships. On November 11, 2026, Universal signed a light lease agreement with COSCO Haifa's wholly-owned subsidiary Oriental Fuli to rent 16 VLCCs as an operating sole lease. The lease period is calculated as 240 months ± 90 days from the date of delivery, with an average fixed daily rent of RMB 116,500 per ship. Eight of these ships use the “Guaranteed+Share” rent model, with a total annual rent of no more than RMB 320 million. This transaction constitutes a related transaction. It has been reviewed and approved by the board of directors, and approval by the shareholders' meeting is required before it can take effect.

China Mobile (00941) achieved a new breakthrough in optical transmission technology testing

The reporter learned from China Mobile on the 11th that recently, China Mobile's joint partner completed real-time transmission of a single-wave 1.6 Tb/s signal on backbone long-distance G.652.d optical fiber based on 230GBaud (port) key technology, setting a record for the longest single-wave 1.6T transmission for China Mobile. This move will help push the technical performance of the 1.6T optical transmission system to a new level. Driven by the explosion of AI technology and applications, T-bit-level high-speed transmission technology for the interconnection of intelligent computing centers has accelerated. 1.6T has reached industry consensus with standard organizations such as ITU-T and OIF as the next-generation rate evolution target for 400G.

Junzheng Co., Ltd. (03223): DRAM production capacity is tight, and most customer price adjustments have been completed

Junzheng Co., Ltd. announced the Investor Relations Activity Record Form. Demand for DRAM is currently strong and production capacity is very tight. The company has combined costs and market conditions to complete price adjustments for most customers. Prices of some materials are still likely to rise in the future, and it is expected that the price adjustment range and scope will narrow. Flash customers have continued to increase their orders this year, and sales have increased sharply year over year, and growth is expected to be relatively better next year. The storage business revenue is expected to remain at a good level throughout the year.

Yidu (International Holdings) (00259) expects profit attributable to shareholders in the medium term to be approximately HK$2.3 billion

The increase in profit is mainly due to the Group's income of approximately HK$2.5 billion (after deducting corresponding withholding tax) from changes in the fair value of the Group's shares in Nantong Jianghai Capacitor Co., Ltd. (Nantong Jianghai). Such shares are recorded as financial assets recorded as profit and loss at fair value.

Longpan Technology (02465): Proposed sale of 76% of the shares in a third-tier holding subsidiary

According to Longpan Technology's announcement, LBM, a second-tier holding subsidiary of the company, plans to sell 76% of its shares in PT LBM to KINETIQ at a price of 31.92 million US dollars to meet the relevant policy requirements of the North American market and guarantee supply to North American customers. After the transaction is completed, PT LBM will no longer be included in the scope of the company's consolidated statements, and LBM will still hold 23.99% of PT LBM's shares. PT LBM specializes in lithium iron phosphate cathode materials, with a design capacity of 90,000 tons/year, and is currently under construction. This transaction does not involve related transactions or major asset restructuring, and related proposals will be submitted to the 6th Extraordinary Shareholders' Meeting in 2026 for consideration.

Preferred Choice and Yongda land procurement contract for the first batch of 400 ultra-bionic humanoid robots U1 Pro

On November 11, Preferred Choice signed a strategic cooperation agreement with Yongda, a listed domestic luxury car distribution service company. According to the agreement, Yongda will purchase 400 U1 Pro superbionic humanoid robots, and Preferred Choice plans to deliver them within this year.

IPO Undermarket | Yiwei Technology (02065) closed up more than 32% and earned HK$1,600 per lot

The Zhitong Finance App learned that Yiwei Technology (02065) will be listed in Hong Kong on November 12 (Thursday). The dark market closed, and Livermore Securities undercover trading showed a price of HK$13.1, up 32.32% from the offering price of HK$9.9. Each lot earned HK$1,600 for 500 shares without handling fees.

[Individual stock prices are clear]

Xizhi Technology-P (01879): Recently, a counseling agreement was signed for the A-share listing, and the company's OptoLink Computing Supernode was implemented on a large scale

Xizhi Technology-P announced that after successfully listing on the Stock Exchange, the company has carefully assessed capital market opportunities. In order to promote business development, deepen the industrial layout and enhance the company's overall competitive strength, the company plans to commence work related to issuing common shares denominated in RMB in China. On November 2, 2026, the board of directors reviewed and approved the signing of a counseling agreement with Cathay Pacific Haitong Securities Co., Ltd., the appointment of Cathay Pacific Haitong as the mentoring agency for the company's proposed A-share listing, and the submission of an advisory filing application for the proposed A-share listing to the relevant supervisory authorities in accordance with applicable laws and regulations.

According to the Shen Wan Hongyuan Research Report, Xizhi Technology is a scarce platform-based enterprise that is deeply involved in optical computing and optical interconnection. At the Yunqi conference in September, Xi Zhi debuted 3.2T/6.4T NPO and SNPO (scale-up NPO) silicon chips. Following the launch of the commercial version of Xizhi Technology's Guangyue LightSphere X Optoelectronics Fusion Super Node 128 card in March, 2,000 cards have now been deployed, and the first localized and commercialized optoelectronic integrated kilocal computing power cluster has been built in China. The company's self-developed NPO near-package optical chip has completed full-link verification, and related products have been adapted to switches and GPU servers of Jielu Technology, Firefight Communications, Suiyuan Technology, and Bizao Technology.