China Mobile: GF Securities released a research report saying that the three major operators held a series of work meetings for , highlighting the comprehensive strengthening of new infrastructure construction, continuing reform and innovation, and emphasizing the importance of subsequent highquality development. The fundamentals of operators will basically bottom out in and are expected to stabilize and recover in years. We continue to recommend investment opportunities in lowvolatility dividend asset operators in the context of ample liquidity.
Industrial and Commercial Bank of China: Ping An Life Insurance Co., Ltd. of China south korea phone number list issued a public announcement stating that Ping An Life has entrusted Ping An Asset Management Co., Ltd. to invest in ICBC H shares, reaching of ICBC H share capital on December , . According to Hong Kong market rules, Ping An Life will be triggered to take the lead.
Alibaba: The subsidiary and New Retail entered into an agreement with Dehong Capital to sell all of their equity interests in Gao Xin Retail, which together account for approximately . of the total issued shares of Gao Xin Retail. Under the agreement, Alibaba's subsidiary and New Retail will have the right to receive a maximum amount of approximately HK$. billion for the shares to be sold, equivalent to HK$. per share. The announcement shows that Alibaba will continue to focus on its core business and increase shareholder returns.