Wealth curve

Hong Kong stocks Hang Seng Index fell 0.41%

At the close, the Hang Seng Index rose 0.41% to 28,629.92; the HSCEI rose 0.68% to 11305.98; the Red Chip Index rose 0.19% to 4526.9. The market turnover was HK$114.987 billion. Aviation stocks, gambling stocks, and Apple stocks were among the top gainers.
In terms of the flow of funds from Shanghai-Hong Kong Stock Connect, the net inflow of Shanghai Stock Connect was 1.21 billion, and the net outflow of Hong Kong Stock Connect (Shanghai) was 537 million. In terms of capital flows of Shenzhen-Hong Kong Stock Connect, the net inflow of Shenzhen Stock Connect was 764 million, and the net inflow of Hong Kong stocks was 980 million.
Lenovo Group (6.67, 0.71, 11.91%) rose 11.91% to 6.67 yuan. Lenovo Group disclosed on the Hong Kong Stock Exchange this morning. The company's fourth quarter revenue increased 8% year-on-year to US$14.04 billion, the sixth consecutive year. The quarter saw a year-on-year increase; gross profit was US$2.05 billion, up 17% year-on-year; net profit was US$233 million, a significant improvement from the loss of US$289 million in the same period last year.
Xiaomi Group rose 4.98% to 11.38 yuan. Dahe Jinfa reported that Xiaomi’s newly launched “M9” and “M9 SE” were unveiled on the previous day. They met market expectations in terms of specifications and prices, so they continued to outperform the market investment rating. Nomura also reported that the new mobile phone of Xiaomi is competitive, so it maintains the target price and calls for buying.
New Higher Education Group (4.4, -0.68, -13.39%) fell 13.39% to 4.4 yuan. The New Higher Education was shorted by a short-selling institution called Air City Research. The empty city study conducted a due diligence survey on the New Higher Education, visited a large number of students and teachers, and inspected many cooperative units on the spot. Finally, it is believed that the listing data of the New Higher Education is seriously fraudulent. Through off-balance sheet payments and related party transactions, the disclosure of profit is as high as 50%.