The Economic Times Correspondent reported on the 2nd: Earlier, domestic media cited sources saying that securities and fund companies had received notice that the People's Bank of China and the China Securities Regulatory Commission (CSRC) will hold a meeting today to study promoting the use of capital market support tools. On the same day, the People's Bank of China, the National Financial Regulatory Administration, and the CSRC will also convene a meeting with major banks to discuss optimizing policies on stock repurchase,增持, and relending loans. U.S. tech stocks declined last Friday, while Asian markets stabilized this morning. Attention now turns to A-share performance. The Hang Seng Index opened at 23,301, up 7 points or less than 1%, with main board turnover of HK$2.758 billion. The Hang Seng China Enterprises Index stood at 7,876, up 14 points or 0.2%. The Hang Seng Tech Index was at 3,775, up 20 points or 0.6%.

    Automotive stocks collectively released October sales data. BYD (01211) led gains, opening 2.34% higher at HK$69.85. Xiaomi (01810) rose 1.59% to HK$26.90, Li Auto (02015) gained 1.12% to HK$43.34, NIO (09866) fell 0.63% to HK$25.10, Leapmotor (09863) edged up 0.45% to HK$31.36, while Geely Automobile (00175) dropped 0.94% to HK$13.71.

    Tech and internet stocks showed mixed performance: Alibaba (09988) was flat at HK$97.05, Tencent (00700) rose 1.04% to HK$387.60, Meituan (03690) fell 0.56% to HK$71.20, while Baidu (09888) declined 2.11% to HK$74.10.

    CNOOC (00883) led declines among blue chips, dropping 3.16% to HK$23.92, while PetroChina (00857) rose 0.74% to HK$10.90.

    The four major mainland banks showed stable performance after earnings: Bank of China (03988) rose 0.41% to HK$6.17, ICBC (01398) gained 0.44% to HK$7.93, ABC (01288) rose 0.14% to HK$6.95, while CCB (00939) was flat at HK$10.26. (ey)