Hong Kong Stocks Soar as China Curbs Short-Selling;Hong Kong Police to Swap US Revolvers for Chinese时长0:23:52

2024-07-11T07:45:09Z
节目标题:Hong Kong Stocks Soar as China Curbs Short-Selling;Hong Kong Police to Swap US Revolvers for Chinese
节目介绍:Welcome to our 《Hong Kong Brief》 program! Today, we’ve got some exciting updates to share. First up, Hong Kong stocks surged after China introduced new measures to limit short-selling and curb computer-driven quant trading. The Hang Seng Index jumped by 1.6%, while the Hang Seng Tech Index saw a 2% rise. These regulatory moves by the China Securities Regulatory Commission, along with dovish comments from US Federal Reserve Chair Jerome Powell, have boosted market confidence. This comes as a welcome change after significant drops in the Hang Seng Index and the Shanghai Composite over recent months. Stay tuned for more on how these measures could impact the market in the long run. Next, the Hong Kong police force is set to replace their US-made service revolvers with mainland Chinese pistols. The transition to the new 9mm QSZ-92 handguns is expected to take over a decade to complete. This change aims to modernize the police force’s weaponry, offering a faster reload time and greater magazine capacity compared to the current six-round revolvers. We’ll dive deeper into what this means for the city’s 33,000 police officers and their training process. Finally, China’s social media platform Xiaohongshu has secured significant backing from venture capital firm DST Global, despite a general hesitance among foreign investors towards China’s tech industry. The platform, valued at $17 billion, turned profitable in 2023 and has attracted investments from several major firms. We’ll explore how Xiaohongshu’s success could signal a shift in investor sentiment and what it means for the future of China’s tech sector. Please stay tuned for more detailed coverage on these stories!

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