Key Takeaways:
New Huo Group (01611.HK) shares surged more than 11 percent after reports that the company hired influential economist Fu Peng as its new Chief Economist.
"After joining New Huo Group, Fu Peng will primarily be responsible for macroeconomic research and providing strategic analysis for institutional clients’ investments of the company," Tencent News "Yixian" reported, citing multiple sources.
The stock opened 6.4 percent higher on the news, hitting an early session high of HKD 2.64. It is currently trading at HKD 2.62, an 11.49% gain, with turnover reaching 3.33 million shares valued at HKD 8.50 million.
The appointment of a high-profile economist like Fu Peng could significantly enhance New Huo Group's credibility and strategic research, potentially attracting more institutional clients and boosting investor confidence long-term.
Fu Peng is a well-known online influencer economist who served as Chief Economist at the Research Institute of Northeast Securities from 2020 until his departure on April 30, 2025.
Last week, New Huo Group announced it had granted 660,000 shares to two employee participants under its share award scheme, subject to acceptance.
The market's strong positive reaction underscores the perceived value of Fu Peng's appointment. Investors will be watching for his initial reports and strategic insights to see how they translate into tangible business growth for the group.
This article is for informational purposes only and does not constitute investment advice.
