Hello everyone, I'm Jiangxin, and this is my review notes

Market Index:

Hong Kong Market Closing: Hang Seng Index rose 1.27%, Hang Seng Tech Index rose 1.86%

Stock Performance:

Meituan-W (03690) rose 5.47%, Tencent Holdings (00700) rose 1.57%, SMIC (00981) fell 1.85%, Alibaba-W (09988) rose 0.05%, Xiaomi Group-W (01810) rose 4.5%
 

The photovoltaic solar sector led the gains

Key News:

Pop Mart: Q3 total revenue increased by 120%-125% YoY;

C'estbon's parent company China Resources Beverage rose 15% on its first trading day

Morgan Stanley bought Vanke's Hong Kong shares. For details, please see the equity disclosure image at the end of the article
 

Today's Highlights:

 UBTECH (09880) plans to place 5.06 million new H shares at a discount of ~19.98%, raising ~HK$408 million

UBTECH held up under pressure today, which was a bit surprising. It opened down 10% in the morning session. Having listed in Hong Kong less than a year ago, this is its second placement. In short, the stock is controlled—it can be pumped at will

2. China Resources Power placed shares at a 5% discount, raising HK$3.8 billion
 

China Resources Power also opened lower today, dropping up to 10% before quickly rebounding—a short-term opportunity
 

3. PDD 疑似大乌龙

BlackRock's filing on October 21 showed its PDD holdings surged from 29 million shares in Q2 to over 132 million shares, representing 9.5% of PDD's total shares. PDD surged 8% intraday last night on this news

However, BlackRock's filing appears to be a "major blunder." Around 11:35 PM Beijing time on the 22nd, BlackRock issued another announcement, dividing its PDD holdings by exactly 4 to ~33 million shares, reducing the stake to 2.4%. Note: Each PDD ADS equals 4 Class A ordinary shares

So it went from 29 million in Q2 to 33 million, not 132 million. To quote a line from Happy 麻花's movie: "This got everyone all hyped up over nothing."
 

4. Boeing reports earnings tonight, Tesla reports after market close. Let's discuss if you trade US earnings

5. Morgan Stanley started buying Vanke's Hong Kong shares, purchasing HK$49.37 million worth. This is worth watching

Daily Top Stocks:

Four of the top ten gainers are photovoltaic solar-related, while three others appear to be manipulated stocks.
 

The photovoltaic rally may be driven by this news: According to the U.S. federal website, the Commerce Department initiated a Changed Circumstances Review (CCR) on October 21, considering partial revocation of anti-dumping and countervailing duties (AD/CVD) on Chinese crystalline silicon photovoltaic cells. Analysts believe this signals a loosening of U.S. tariffs on Chinese PV modules, with possible further exemptions.

Disclaimer: The above content is personal trading review notes, representing only personal views and not investment advice. The stock market carries risks—invest wisely. Analyze and decide independently, as all gains/losses are your responsibility!