Since the beginning of this year, investors in Hong Kong stocks have finally seen some hope, making them feel as though they are seeing the light at the end of the tunnel: $KUAISHOU-W (01024.HK)$ $NTES-S (09999.HK)$
First, with the clarification of a series of anti-monopoly laws, especially on January 19 this year, when nine ministries including the National Development and Reform Commission, State Administration for Market Regulation, Cyberspace Administration of China, and the Ministry of Industry and Information Technology jointly issued the "Several Opinions on Promoting the Standardized, Healthy, and Sustainable Development of the Platform Economy", which made the market feel that uncertainties had been resolved. Moving forward, companies could only make continuous adjustments based on these guidelines. This represents an affirmation of platform economies by policymakers, providing temporary relief to market fears regarding regulatory risks. $JD-SW (09618.HK)$ $XIAOMI-W (01810.HK)$
The 'Guidelines' provide direction on hot-button issues such as anti-monopoly and anti-unfair competition enforcement, data and algorithm security, platform interoperability, and the gig economy, covering nearly all themes of internet regulation in recent years. While emphasizing the clarification of platform responsibility boundaries and strengthening the responsibilities of ultra-large platform companies, the 'Guidelines' explicitly support technological innovation by platforms, encourage business model innovation, and promote globalization. The 'Guidelines' propose supporting leading companies or platform enterprises with strong capabilities to lead the formation of innovation consortia, focusing on the underlying architecture of industrial internet, root technologies of industrial software, open innovation in artificial intelligence, public algorithms...