越秀证券：每日晨报-20240925

Market Performance - The Hang Seng Index closed at 19,000, up 4.13% year-to-date (YTD) and 11.46% from the previous trading day [1] - The Hang Seng Technology Index rose by 5.88% YTD, closing at 3,915 [1] - The Shanghai Composite Index increased by 4.15%, closing at 2,863, marking a 3.76% decline YTD [1] Company Developments - Xiaomi plans to launch its first pure electric SUV, the Xiaomi SU7 Ultra, next year, with a new model named MX11 expected to be priced 30,000 to 50,000 RMB higher than the SU7 [5] - The National Financial Regulatory Administration reported that over 5,700 white list projects have been approved by commercial banks, supporting the delivery of over 4 million housing units [5] - Alibaba Cloud announced a partnership with Yonyou to enhance AI solutions for enterprise management, integrating their models to improve efficiency [6] Economic Measures - The Chinese government has introduced a series of economic support measures, including interest rate cuts and new monetary policy tools, to stabilize the stock market [3][4] - The People's Bank of China has initiated a mechanism to support the real estate sector, resulting in positive growth in real estate development loans [5] Stock Market Highlights - Major financial stocks saw significant gains, with China Merchants Bank rising nearly 11%, and Ping An Insurance increasing by approximately 7% [3] - The A-share market experienced a surge, with the Shanghai and Shenzhen indices rising over 4% due to regulatory support measures [3] IPO Information - Recent IPOs include Midea Group, which saw a first-day performance increase of 7.85% and a cumulative performance of 28.01% [18] - Upcoming IPOs include Carrot (Commercial), expected to launch on October 2, 2024, in the furniture sector [19]