Hong Kong Stock Market Midday Review: People's Bank of China officially launches SFISF operation, Chinese securities firms' stocks rise

USHK News
2024.10.18 04:05

Jinshi Data News on October 18th, the People's Bank of China officially launched the Securities, Fund, Insurance Company Interchange Facility (SFISF) operation. A-shares rose, driving Hong Kong stocks higher, but the gains narrowed near midday. The Hang Seng Index closed up 0.75% at 20,229.94 points, while the Technology Index rose 1.03% to 4,394.4 points. On the market, Chinese brokerage stocks led the gains, with semiconductor and tobacco stocks strengthening, and real estate stocks rebounding. In terms of individual stocks, RonshineChina (03301.HK) rose by 21%, CMB Securities (06099.HK) rose by 12%, Shenwan Hongyuan (06806.HK) rose by over 9%, and SMIC (00981.HK) rose by 5%

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