Financial Associated Press, April 22 (Editor Hu Jiarong) driven by the good news in the market, today's technology stocks in the Hong Kong stock market have turned around.ThepokerstoreThe previous downward trend. Among them, Tencent Holdings (00700)ThepokerstoreAt one point, it rose nearly 5% in intraday trading. As of press time, Meituan, Tencent Holdings, NetEase-S (09999.HK), JD.com Group-SW (09618.HK) and Alibaba-SW (09988.HK) rose 5.14%, 4.48%, 3.71%, 3.60% and 2.85%, respectively.

In terms of news, on the evening of April 19, the website of the China Securities Regulatory Commission released "five Capital Market Cooperation measures", which involve further expanding the Shanghai-Shenzhen-Hong Kong Stock Connect mechanism, consolidating Hong Kong's status as an international financial center, and jointly promoting the coordinated development of the capital markets of the two places.

Specifically, relax the range of eligible products of stock ETF under the Shanghai-Shenzhen-Hong Kong Stock Connect; include REITs in the Shanghai-Shenzhen-Hong Kong Stock Connect; support RMB stock trading counters into the Hong Kong Stock Connect; optimize mutual recognition arrangements for funds; and support mainland industry leading enterprises to list in Hong Kong.

On the same day, the CSRC also issued "16 measures for the Capital Market to serve the High-level Development of Science and Technology Enterprises." Among them, it is proposed to increase the refinancing support of science and technology enterprises. We should give full play to Science and Technology Innovation Board's role as a "test field", support the development of innovative and entrepreneurial enterprises that are growing on the gem, actively study more financing varieties and methods that meet the needs of scientific and technological enterprises, and study the establishment of Science and Technology Innovation Board and the storage and issuance system of gem. Improve the effectiveness and convenience of refinancing, and guide listed companies to invest the funds raised in related areas in line with the national economic development strategy and industry orientation.

In response, Hong Kong Financial Secretary Chen Maobo said in a blog post on April 21 that the China Securities Regulatory Commission will support qualified mainland industry leading enterprises to list and raise funds in Hong Kong, and will strengthen communication and coordination with relevant departments to this end. This will be beneficial to Hong Kong's IPO market, and more enterprises with long-term development and return potential will be listed in Hong Kong, which will attract more international capital to Hong Kong. The strengthening and upgrading of Hong Kong's status as an international financial centre fully reflects the support of the Central Government to Hong Kong.

China International Capital Corporation also pointed out that on the whole, this change aims at the new changes and new situation faced by the Hong Kong stock market in recent years, especially the problems such as the lack of market liquidity, the decline in financing attractiveness, and the limited scope of investment for mainland investors. Targeted measures are provided. In the medium and long term, it will not only help to enrich the variety of trading products and provide more convenience and choices for foreign and mainland investors, but also help to promote the further integration of the capital markets of the two places, promote the internationalization of RMB and strengthen Hong Kong's position as a financial center.

DNF mobile games boost the trend of Tencent Holdings.

In addition to policies to stimulate the market, Tencent Holdings shares rose sharply today, rising as much as 5.27% in intraday trading.

In terms of news, Tencent Games announced today that "Dungeon & Fighter: Origin" ("DNF Mobile Games") will be officially launched on May 21, 2024. For this mobile game, Tencent executives revealed on the earnings call that the internal testing of the DNF mobile game was good, and the internal release plan was accelerated.

Industry insiders pointed out that the fierce confrontation between big companies will be staged in the second quarter. In the game to be released, Tencent DNF mobile games, which returned after three years, are regarded by many organizations as the most concerned new games in China this year, and have accumulated a lot of popularity.

Morgan Stanley analysts pointed out that the first quarter of this year is expected to be the trough of Tencent's domestic game business, and the "Dungeon & Fighter" to be launched in the second quarter will be a turning catalyst.

Everbright Securities (rights protection) also pointed out that "Dungeon & Fighter" mobile games benefit from the influence of DNF this IP, and are expected to become stable and profitable products, contributing considerable performance increments for Tencent for 24 years after launch.