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HSBC Holdings: Lowered its target price for Kweichow Moutai from HK$1,732 to HK$1,713.

2026-08-17

HSBC Holdings: Lowered its target price for Kweichow Moutai from HK$1,732 to HK$1,713.

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2026-08-17

1. The total trading volume of the Shanghai and Shenzhen stock exchanges on August 14th was 2.14 trillion yuan, a decrease from the previous trading day, falling back below the 20-day moving average (2.37 trillion yuan). 2. On August 14th, the ratio

1. The total trading volume of the Shanghai and Shenzhen stock exchanges on August 14th was 2.14 trillion yuan, a decrease from the previous trading day, falling back below the 20-day moving average (2.37 trillion yuan). 2. On August 14th, the ratio of margin buying to A-share market capitalization, a measure of leverage, rebounded rapidly to 11.29%. It had been fluctuating around 10% throughout the year, but the volatility has intensified significantly since May. -------- Note: 1. Trading volume reflects the views of major institutions, speculative funds, and retail investors on A-shares. Volume above the moving average indicates increased total trading volume and a more optimistic market sentiment, while volume below the moving average indicates decreased total trading volume and a cooling market sentiment. 2. Since 2015, A-share leverage levels have mostly remained between 6% and 10%. A leverage ratio exceeding 10% indicates high market activity, potentially approaching or in a bull market. A leverage ratio above 15% indicates an overheated market risk, requiring caution.
2026-08-17

Changqing Oilfield's appraisal team in the eastern Ordos Basin completed an ultra‑long horizontal deep coalbed methane (CBM) well. The horizontal section measured 3,100 meters and the coal seam encounter rate was 95.8%, the longest horizontal section

Changqing Oilfield's appraisal team in the eastern Ordos Basin completed an ultra‑long horizontal deep coalbed methane (CBM) well. The horizontal section measured 3,100 meters and the coal seam encounter rate was 95.8%, the longest horizontal section recorded in China's deep CBM drilling.
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