HK Stock Market Move | Zhongji Innolight (03308) rebounded over 11% as Goldman Sachs increased its holdings by 3.2451 million shares. Industry estimates suggest that the difficulty of the "ban" rumor becoming a reality is high.

Zhongji Innolight (03308) rebounded over 11%, reaching a high of HKD 1,249, which is a new record. As of the time of writing, it has risen by 10.04%, trading at HKD 1,228, with a turnover of HKD 1.494 billion. On the news front, despite concerns triggered by rumors of the U.S. planning to ban the import of new optical modules from China, Zhongji Innolight opened lower but rallied throughout the morning, with A-shares showing a collective rebound. Industry insiders estimate that even if the "ban" is real, considering factors such as production capacity differences, technological iterations, and raw materials, the actual implementation of such a ban would be challenging. In addition, the latest data from the Hong Kong Stock Exchange shows that on July 30, Goldman Sachs increased its holdings in Zhongji Innolight by 3.2451 million shares at a price of HKD 946.4902 per share, amounting to approximately HKD 3.071 billion. After the increase, Goldman Sachs' latest holding stands at 6.4878 million shares, with the ratio of good holdings rising from 5.95% to 11.90%.