Wednesday, the A-share market and Hong Kong stock market performance in the morning are relatively flat, but the performance of the afternoon to become stronger, the northward funds in the end of the net buying A shares, the Shanghai Stock Exchange index from green to red.

Hong Kong stocks were even stronger in the afternoon, with a number of consumer and technology stocks soaring, making the Hang Seng Index pull up strongly in the afternoon, and by the end of the day, the Hang Seng Index was up 2.16 percent.

The last 20 minutes of the A-share strong pull up Shanghai index red, northward funds large net buy

November 30, the Shanghai Stock Exchange index in the afternoon was originally in a state of decline, but the last 20 minutes of the tail end of the last 20 minutes of the pull up step by step, and to the close of the closing session managed to red, as at the end of the day, the Shanghai Stock Exchange index edged 0.05% higher.

Promoting the A-share end of the day rise in the various funds, northward funds change is very obvious.

Data show that the northward funds 30 full day most of the time was relatively calm, but near the end of the day suddenly showed a large net buying, the overall net buying amount increased sharply, as of the close of the day, the northward funds all day net buying 4.917 billion yuan.

In addition, a number of stocks such as Ningde Times also appeared to be abnormal pulling up in the late afternoon.

In the news, MSCI semi-annual index adjustment will be officially effective after the close of trading on November 30 (Wednesday), the adjustment, MSCI China Index newly included 36 Chinese stocks, of which 28 are A-share subject, including China China CDFG, Chow Tai Fook, Suzhou Bank, Steel Research Gao Na, Yanjing Brewery, etc.; removed 34 stocks, including life services, Ali Movie, Shunxin Agricultural etc.

From the point of view of specific industry sectors, the automotive sector led the way, the plate, including Ankai Bus, FAW Jiefang, Changan Automobile, including a number of stocks rose.

News, a few days ago, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the State Council State-owned Assets Supervision and Administration Commission jointly issued a "notice on the consolidation of the upturn in the trend of strengthening the vibration of the industrial economy" (hereinafter referred to as the "Notice"), from the measures and actions to consolidate the foundation for the stabilization of industrial economic recovery and stabilizing the industry to strengthen the key industries to stabilize the development of the 17 specific initiatives. Among them, in the field of automobile consumer market, the Notice requires further expansion of automobile consumption, implementation of the purchase tax concessions, the start of public **** field vehicle full electrification city pilot and other policies to increase the vitality of the automobile consumer market. In addition, in the enhancement of the industry chain core technology development, improve the power battery recyclable utilization system and other aspects of the corresponding planning.

Telecommunications operations plate also soared, China Weitong soared 7.44%, China Unicom soared 6.52%, and then hit a new high in the recent rebound.

Telecom business revenue totaled 132.15 billion yuan in January-October 2022, up 8% year-on-year, with October's single-month revenue growing at a 6.5% year-on-year rate; total telecom business in January-October 2022, calculated at previous year's prices, rose 21.4% year-on-year.

Zhejiang Securities' research view is that the cumulative year-on-year growth of telecom business revenue from 0.0% in Jan-Sep 2019 to 8% in Jan-Oct 2022 has been sustained, and previous judgments on the formation of an inflection point in telecom business revenue continue to be validated, with a clear trend of high-quality development. Capital expenditure inflection point and the background of the national team of the digital economy, continue to be firmly optimistic about the opportunity of operators.

Gas supply and heating, diversified financial, tourism and other sectors also rose.

"Real estate chain" plate stocks in the afternoon on the 30th fell back, making the majority of stocks in this type of plate at the end of the day fell, home furnishings, real estate, building materials and other sectors fell ahead. Prior to this several days, this type of plate stocks continuously rose.

Concept plate, the concept of supply and marketing agencies to re-activate the concept. Swan shares, the United Farmers and other late afternoon again pulled up.

Hong Kong stocks late strong pull up the HSI closed up 2.16%

Hong Kong stocks 30 morning performance is quiet, but in the afternoon near the end of the power up, as of the day's close, the Hang Seng Index closed up 2.16%, the Hang Seng Science and Technology Index rose 2.77%.

Hong Kong shares of large consumer strong pull up, catering sector soared, Haihaisao rose 15.46%, leading the blue chips and Hang Seng Index constituents.

Other constituents of the Hang Seng Index, Geely Automobile soared, closing up 10.92 percent.

Hong Kong's local real estate stocks rose sharply, with shares of Hang Lung Properties and Henderson Land rising sharply.

Hong Kong's technology and Internet stocks also rose, with Beili jumping 16.76 percent.

This comes after Beili released its third-quarter 2022 earnings report. According to the report, Beili's net turnover totaled 5.8 billion yuan in the third quarter, up 11 percent year-on-year, while its net loss was 1.7 billion yuan, narrowing 36 percent year-on-year.

Chen Rui, chairman and chief executive officer of Beili, said that in the third quarter, Beili took steps to strengthen its business foundation and narrow its loss while continuing to provide users with the products and services they love.

Chen Rui said, "Our daily and monthly users reached 90.3 million and nearly 333 million, respectively, both up 25 percent year-over-year. Users continue to be highly engaged, with average daily usage reaching an all-time high of 96 minutes. While our community remains key to achieving long-term success, we see the need for the Company to adapt to a changing and challenging macro environment. Enhancing profitability is our immediate priority, and we will take additional initiatives to accelerate our commercialization process and implement cost-control measures including rational planning and allocation of human resources as well as scaling back of sales and marketing expenses in order to achieve our goal of improving profitability and narrowing losses."

Fan Xin, chief financial officer of BeiliBeili, said, "Total net turnover for the third quarter increased 11 percent year-over-year and 18 percent sequentially. By improving operational efficiency and controlling expenses, we achieved year-over-year improvements in both gross margin and loss. Selling and marketing expenses as a percentage of revenue decreased to 21% compared to 24% in the prior year quarter. Our non-GAAP adjusted net loss ratio also decreased by 10 percentage points from the prior year quarter. Next, we will continue to implement stringent cost control measures while actively managing our liabilities."

Other Hang Seng Technology Index components saw the new car-making forces surge, with Xiaopeng Auto-W jumping 16.03 percent, Ideal Auto-W up 8.86 percent, and Meituan-W also moving strongly upward in the afternoon, up 5.28 percent at the close.

MSCI semiannual index adjustments officially take effect after hours with many stocks bidding differently