Daily Investment Strategy
Daily focus：HWorld（1179）
In September 2025, the Ministry of Commerce and eight other departments jointly issued "Several Policy Measures on Expanding Service Consumption". For the Chinese hotel industry, the policy encourages extending the operating hours of cultural and scenic attractions, optimizing reservation services, relaxing market access restrictions for high-end medical and leisure tourism, attracting foreign and private capital investment, and improving the quality of service offerings. This will help stabilize and improve the overall operating efficiency of the hotel industry, particularly benefiting hotels that are transitioning to a higher-end and more specialized model. As one of China's leading hotel groups, HWorld Group benefits from the recovery of domestic tourism and policy support. With a large number of hotels in third-tier and lower-tier cities, these policies stimulating local tourism will boost its occupancy rates and revenue.
Chinese regulators sent negative signals about Nvidia chips
The S&P 500 rose 31.61 points, or 0.5%, to 6,631.96 on Thursday. While Wednesday's divergent market trends were driven by the Fed's interest rate cut announcement, technology stocks rebounded strongly the following day, particularly driven by news of Nvidia's partnership with Intel. However, at the same time, Chinese regulators sent negative signals about Nvidia chips, instructing local companies to stop purchasing Nvidia AI chips. This caused Nvidia's stock to plummet 3% during the session and weighed on the overall NASDAQ index.
Hong Kong Stock Connect saw a net inflow of HK$6.28 billion on Thursday, with Meituan (3690) receiving the largest inflow, HK$1.41 billion, followed by Alibaba (9988). Meanwhile, Hua Hong Semiconductor (1347) saw the largest net outflow, HK$1.16 billion, followed by Tencent Holdings (700).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to: https://apps.sfc.https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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