Hong Kong Stock Market Early Intelligence | Spot Silver Breaks Through $50 for First Time, Ministry of Commerce Announces Strengthened Export Controls on Rare Earth Related Items

Stock News
Oct 10

【Today's Headlines】Ministry of Commerce and General Administration of Customs: Implement Export Controls on Lithium Batteries, Cathode Materials and Artificial Graphite Anode Materials Related Items

On October 9, the Ministry of Commerce and General Administration of Customs issued an announcement regarding the implementation of export controls on lithium batteries and artificial graphite anode materials related items. According to relevant provisions of the "Export Control Law of the People's Republic of China," "Foreign Trade Law of the People's Republic of China," "Customs Law of the People's Republic of China," and "Regulations on Export Control of Dual-Use Items of the People's Republic of China," and with approval from the State Council, it was decided to implement export controls on lithium battery related items, cathode materials related items, and graphite anode materials related items to maintain national security and interests and fulfill international obligations such as non-proliferation. The announcement will be officially implemented from November 8, 2025. The "Export Control List of Dual-Use Items of the People's Republic of China" will be updated simultaneously.

【Market Outlook】US Stock Indices All Decline, Nasdaq Golden Dragon China Index Falls 2%

Overnight US stocks closed with the Dow Jones falling 243.36 points or 0.52% to 46,358.42 points; the Nasdaq fell 18.75 points or 0.08% to 23,024.63 points; the S&P 500 index fell 18.61 points or 0.28% to 6,735.11 points. NVIDIA (NVDA.US) rose nearly 2%, while Google (GOOG.US), Apple (AAPL.US) and AMD (AMD.US) all fell around 1%. New stock Alliance Laundry Holdings (ALH.US) closed up 12.82%. Rare earth sector generally rose, with Critical Metals up nearly 25%, USA Rare Earth up nearly 15%, NioCorp Developments up over 12%, Energy Fuels up over 9%, and MP Materials up over 2%. The Nasdaq Golden Dragon China Index closed down 2%, with Alibaba (BABA.US) down 4% and XPeng (XPEV.US) down 5%.

Hang Seng Index ADR fell, calculated proportionally, closing at 26,503.3 points, down 249.29 points or 0.93% from Hong Kong's close. International gold prices plummeted nearly $100, with COMEX gold futures front-month continuous contract falling $97.90 or 2.41% to $3,972.6 per ounce.

【Market Highlights】Ministry of Commerce Spokesperson Responds to Inquiries About Export Controls on Superhard Materials and Related Items

On October 9, the Ministry of Commerce spokesperson responded to media inquiries regarding export controls on superhard materials and related items. The spokesperson stated that according to the "Export Control Law of the People's Republic of China" and other relevant laws and regulations, on October 9, the Ministry of Commerce jointly with the General Administration of Customs issued an announcement on implementing export control measures for superhard materials, rare earth equipment and raw auxiliary materials, holmium and other 5 medium and heavy rare earths, lithium batteries and artificial graphite anode materials related items, which will be officially implemented on November 8. Prior to this, relevant countries and regions have been notified.

Spot Silver Surges, Breaking Through $50 Mark for First Time

Spot silver prices continued to soar as markets tightened and investors flocked to precious metals as safe havens. On Thursday, spot silver rose over 2% intraday, breaking through $50 per ounce, which is the highest single-day data for some institutions since 1993, exceeding the 2011 peak. Silver prices have risen over 70% this year, surpassing gold's record gains. Investors are increasingly seeking safe-haven assets due to concerns about US fiscal risks, overheated stock markets, and threats to Federal Reserve independence. Meanwhile, silver shortages in key London markets have supported prices while dramatically increasing the cost of borrowing silver. This involves Hong Kong-listed China Silver Group (00815).

SinoHytec (02402) Signs Equity Transfer Agreement with Toyota Motor

SinoHytec (02402) announced that the company held its 20th meeting of the third board of directors on December 16, 2024, approving the "Proposal on Planned Capital Increase in Joint Venture Company and Related Party Transaction." The company agreed to jointly increase capital in joint venture Huafeng Fuel with Toyota Motor in the same proportion totaling 1.9 billion yen (JPY 1.9 billion, equivalent to approximately RMB 89.6135 million). The company's capital increase amount is 950 million yen (JPY 950 million, equivalent to approximately RMB 44.8068 million).

Orient Overseas International (00316): OOCL's First Nine Months Revenue Decreased 8.3% Year-on-Year to Approximately $6.696 Billion

Orient Overseas International (00316) announced OOCL's unaudited operational summary for the third quarter ended September 30, 2025, with revenue falling 25.9% year-on-year to $2.264 billion. Total cargo volume increased 0.7%, capacity increased 4.2%. Overall load factor decreased 2.8% compared to the same period in 2024, and overall average revenue per TEU decreased 26.5% compared to the third quarter last year.

IDC: Global PC Market Q3 Shipments Increased 9.4% to 75.9 Million Units

International Data Corporation (IDC) preliminary results show that in Q3 2025, the global traditional PC market demonstrated continued vitality with accelerated growth: total shipments reached 75.9 million units, up 9.4% year-on-year. Lenovo Group (00992) maintained its position as the world's number one PC market share, with Q3 2025 PC shipments reaching 19.4 million units and market share of 25.5%.

SUNNY OPTICAL (02382) Plans to Transfer Shanghai Aolai for Approximately RMB 1.903 Billion and Invest in GoerTek Optics, Partnering with GoerTek to Develop AI/AR Optical Business

SUNNY OPTICAL (02382) announced that according to a memorandum of understanding with GoerTek and GoerTek Optics, on October 9, 2025, the company and its wholly-owned subsidiaries entered into a share swap merger agreement with GoerTek and GoerTek Optics. According to this agreement, Ningbo Aolai (together with Ningbo Shunao and Ningbo Shuncheng) agreed to transfer all equity of Shanghai Aolai to GoerTek Optics for consideration of approximately RMB 1.903 billion, in exchange for newly increased registered capital of GoerTek Optics totaling approximately RMB 529.5 million.

Sirnaomics-B (06669): Endovenous Radiofrequency Ablation System Receives US FDA 510(K) Market Access Approval

Sirnaomics-B (06669) announced that on October 7, 2025, the group's endovenous radiofrequency ablation system received 510(k) market access approval from the US Food and Drug Administration. This system includes the endovenous radiofrequency catheter Cedar™ and endovenous radiofrequency generator, used together to treat lower limb varicose veins caused by superficial venous reflux. The company has signed a distribution agreement with BSC Group member companies for sales of this product in the United States. BSC Group will begin promoting the commercialization of this product in the US at an appropriate time.

Henlius (02696): Hansizhuang® (Serplulimab Injection) Combined with Chemotherapy for Gastric Cancer Neoadjuvant/Adjuvant Treatment Phase 3 Clinical Study Meets Primary Endpoint

Henlius (02696) announced that recently, a Phase 3 clinical study comparing the company's self-developed Hansizhuang® (Serplulimab Injection) or placebo combined with chemotherapy (oxaliplatin + tegafur) for neoadjuvant/adjuvant treatment of gastric cancer met the primary endpoint of event-free survival (EFS) at a planned interim analysis, as assessed by the Independent Data Monitoring Committee (IDMC), supporting early marketing application.

UnisSound (09678) Successfully Wins Beijing Friendship Hospital AI Capability Platform and Multiple Agent Projects

UnisSound (09678) announced that the company successfully won the Capital Medical University Beijing Friendship Hospital AI capability platform and multiple Agent projects, further deepening the service relationship with Beijing Friendship Hospital based on current cooperation, and marking important progress in the company's technology implementation and commercial applications in the smart healthcare field.

YSB (09885) Q3 Brand Launch Business GMV Approximately RMB 658.4 Million, Up 163% Year-on-Year

YSB (09885) announced that in Q3 2025, brand launch business (including the group's own brand business) GMV was approximately RMB 658.4 million, up 163% year-on-year; the group's own brand business GMV was approximately RMB 491.5 million, up 334.2% year-on-Year.

JL MAG Rare-Earth (06680) Issues Profit Increase Forecast, Q1-Q3 Net Profit Attributable to Parent Company RMB 505-550 Million, Up 157%-179% Year-on-Year

JL MAG Rare-Earth issued a performance increase announcement for the first three quarters of 2025, expecting net profit attributable to listed company shareholders of RMB 505-550 million, up 157%-179% year-on-year.

HWORLD-S (01179): Hotels Under the Group Served Over 10.55 Million Guests During National Day and Mid-Autumn Festival Holiday, Up 36% Year-on-Year

On October 9, HWORLD-S reported that during the 2025 National Day and Mid-Autumn Festival holiday, hotels under Huazhu served over 10.55 million guests, up 36% year-on-year. Among them, over 57,000 foreign guests were served, up 75% year-on-year.

Fast Retailing (06288) Releases Annual Results, Shareholders' Profit JPY 433.009 Billion, Up 16.4% Year-on-Year, Resumes Trading October 10

Fast Retailing (06288) released full-year results for the year ended August 31, 2025, with group revenue of JPY 3,400.539 billion, up 9.6% year-on-year; profit attributable to owners of the parent company JPY 433.009 billion, up 16.4% year-on-year; basic earnings per share for the year JPY 1,411.44.

New Stock Grey Market

Zhida Tech (02650) will be listed in Hong Kong on October 10. As of grey market close, grey market trading showed a price of HKD 190.30, up 184.37% from the IPO price of HKD 66.92. Each lot contains 50 shares, and excluding fees, each lot gained HKD 6,169. Zhida Tech is China's largest household electric vehicle charging pile supplier.

Hong Kong new stock Golden Leaf International Group (08549) grey market once surged over 800%. Golden Leaf International's public offering was oversubscribed by over 9,030 times, becoming the most oversubscribed new stock in Hong Kong stock history.

CNOOC (00883): Controlling Shareholder's Hong Kong Stock Increase Progress and Risk Warning

China National Offshore Oil Corporation announced progress on controlling shareholder's share increase. The increase plan was disclosed on April 9, 2025, with CNOOC Group planning to increase holdings in A-shares and H-shares within 12 months, with an amount of RMB 2-4 billion. As of October 8, cumulative H-share increases totaled 22,098,000 shares, accounting for 0.05% of total share capital, with an amount of RMB 332 million. The increasing entity is the controlling shareholder and actual controller, holding 735,626,000 H-shares before the increase, accounting for 1.55%. This increase plan may not meet expectations due to market changes and other factors. The original increase plan has passed halfway, but the actual increase amount has not reached 50% of the lower limit. The company will continue to increase holdings at appropriate opportunities.

【Individual Stock Highlights】

GANFENGLITHIUM (01772): Solid-State Batteries Have Reached Cooperation with Well-Known Drone and eVTOL Companies

GANFENGLITHIUM announced that the company has a complete solid-state battery upstream and downstream integrated layout and commercial capabilities. The company has R&D and production capabilities in key solid-state battery segments including sulfide electrolytes and raw materials, oxide electrolytes, metallic lithium anodes, battery cells, and battery systems. The company has launched flight series power sources adapted to low-altitude economy, with high specific energy battery energy density covering the range of 320Wh/kg~550Wh/kg, cycles up to 1,000, passed automotive standard GB38031-2020, and reached cooperation with well-known drone and eVTOL companies. The company actively introduces strategic investors in the energy storage sector to assist its financing and high-quality sustainable development.

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