HSI Dips 2 Pts; NIO, XPENG, LI AUTO Boom

$Hang Seng Index (800000.HK)$ opened 2 pts or 0.02% lower at 18,606. $Hang Seng China Enterprises Index (800100.HK)$ opened 2 pts or 0.04% higher at 6,607. $Hang Seng TECH Index (800700.HK)$ opened 2 pts or 0.06% higher at 3,801.

$EVERG VEHICLE (00708.HK)$ announced potential transfer of its 29% stake with credit aid, having the trading in its shares resumed and opened 94.7% higher at $0.74. $EVERG SERVICES (06666.HK)$ , under the same series, opened 12.7% higher at $0.89. Hainan and Chongqing and other places lowered the down payment ratio of first suite and canceled the loan interest rate floors for the first and second suites. Chinese property developers $CHINA OVERSEAS (00688.HK)$ and $CHINA RES LAND (01109.HK)$ dipped 0.1% and 1.1%.

Among automakers, $LI AUTO-W (02015.HK)$ lifted 1.9%. $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ mounted 1.1%. $BYD COMPANY (01211.HK)$ opened flat at $208.

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