Hong Kong Shares Rebound 2.9% Amid Positive Sentiment

Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate

WSJJun 19 04:37 ET

Hong Kong stocks fluctuate | China Lit (00772) rose more than 4%, and multiple hot-selling film and television works will be released during the year. Lyon expects its IP business income growth rate to exceed 20% annually.

China Lit (00772) rose by nearly 4%, as of press time, it rose by 3.83%, and reported HKD 27.1 with a turnover of HKD 39,767,400.

Zhitong FinanceJun 19 02:55 ET

Lyon: Maintains China Lit (00772) 'outperform' rating with target price raised to HK$32.

Lyon expects that China Lit Group (00772)'s IP business revenue (excluding New Classics Media) may accelerate year-on-year growth to more than 20% this year.

Zhitong FinanceJun 16 23:15 ET

Hong Kong stocks are on the move. China lit (00772) rose more than 3%, with a 1 billion fund to support the incubation and development of IPs, and has launched many popular films and TV series this year.

According to the Zhìtōng Cáijīng APP, China Lit (00772) rose more than 3%, as of the time of writing, the increase is 3.66%, with a price of HKD 28.35 and a turnover of HKD 124 million. In terms of news, on June 12, CEO and President of China Lit, Hou Xiaonan, stated that serving authors well has always been the core work of China Lit, and it will establish a '1 billion ecological support fund' to increase investment in three areas: Pre-IP incubation, IP visualization development, and multimodal infrastructure. China Lit will accompany works from the serialization period to promote the systematic operation of IP. Recently, China Lit has released multiple works this year.

Zhitong FinanceJun 14 03:25 ET

China Lit (00772) rose more than 3% on the Hong Kong Stock Exchange. The CEO announced the establishment of a 1 billion yuan ecological support fund.

Jingu Financial News | China Literature (00772) stock price rose steadily in early trading, as of press time, up 3.23%, reporting HKD 27.2 and a turnover of HKD 24.8271 million. On the news front, Hou Xiaonan, CEO and President of China Literature, announced that the company will establish a 1 billion yuan eco-support fund and increase investment in three areas: pre-IP incubation, IP visualization development, and multimodal infrastructure. It has been systematically promoting the full-stage operation of IP since the serialization stage of the works. According to the data released on site, the average income of active writers at China Literature will increase by 32% in 2023, creating the largest increase in nearly five years.

金吾財訊Jun 12 22:13 ET

Hong Kong Stock Concept Tracking | Guangdong Broadcasting and Television Bureau promotes the high-quality development of network micro-dramas, and the export of short dramas is receiving attention (including concept stocks).

According to the data of iimedia consulting, the market size of China's web micro-drama in 2023 is 37.39 billion yuan, a year-on-year increase of 267.65%, and the market size is expected to reach 100 billion yuan in 2027.

Zhitong FinanceJun 11 01:34 ET