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CATL and Techtronic Industries could be included in Hang Seng Tech Index reform, says CICC
CICC said CATL and Techtronic Industries could be included in the index as part of the Hang Seng Tech Index reform. In a list of Hong Kong and China related articles distributed on the afternoon of the 17th, it was also reported that Power Assets Holdings and CK Infrastructure significantly increased interim net profit on gains from selling their UK businesses, that CATL will invest 4.1 billion yuan in the parent company of Hangzhou Zhongheng Electric, and that Alibaba Group will sell its gaming business brand Lingxi Games to Trustar Capital. In addition, China's industrial production rose 4.5 percent year on year in July, retail sales rose 0.6 percent, fixed asset investment fell 6.7 percent in the January to July period, property sales fell 13 percent, and investment fell 19 percent. A Reuters report that the United States is asking countries to choose sides in the AI development race with China was also introduced.