Hong Kong stocks fluctuated | Qunhe Science and Technology (00068.HK) rose more than 8%, the company is gradually becoming a smart infrastructure for space. Guotai Haitong gave a target price of HK$24.9.

date
22/05/2026
According to the Wisdom Financial APP, Qunhe Technology (00068.HK) rose more than 8%, as of the time of publication, it rose 8.4% to 18.71 Hong Kong dollars, with a trading volume of 167 million Hong Kong dollars.
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In recent years, some overseas securities and futures fund management institutions have, without approval, used domestic affiliates or cooperative entities to solicit clients within the country and provide services such as account opening and trading of overseas stocks to domestic investors through websites and apps, seriously disrupting the order of China's financial markets. The protection of the legitimate rights and interests of existing investors is a major concern in this rectification campaign. The plan emphasizes that the safety of investors' assets will not be affected by the rectification. The relevant departments of the China Securities Regulatory Commission stated that the plan has clearly defined numerous measures to safeguard the legitimate rights and interests of existing investors. Market participants believe that this campaign targets the illegal cross-border business activities of overseas institutions and will not affect existing legal channels. Investors can still engage in overseas investments through channels such as the Stock Connect program, Qualified Domestic Institutional Investors (QDII) program, and cross-border wealth management program. At the same time, the plan adopts a phased approach to halt services within the country to guide investors in managing existing accounts and assets, without restricting overseas institutions from providing trading services to domestic investors located abroad. The overall impact on overseas markets is deemed controllable. (Xinhua News Agency).
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