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New Huo Group (01611.HK) Reportedly Recruits Influential Economist Fu Peng
New Huo Group (01611.HK) opened 6.4% higher this morning (20th) and reached an early high of HKD2.64. It is currently trading at HKD2.62, up 11.49%, with a turnover of 3.3315 milli...
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New Huo Group (01611.HK) Reportedly Recruits Influential Economist Fu Peng
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New Huo Group (01611.HK)  +0.020 (+0.889%)   opened 6.4% higher this morning (20th) and reached an early high of HKD2.64. It is currently trading at HKD2.62, up 11.49%, with a turnover of 3.3315 million shares, involving HKD8.4983 million.

Tencent News "Yixian" reported today, citing multiple sources, that Fu Peng, former Chief Economist of Northeast Securities, has recently officially joined New Huo Group as Chief Economist. Fu Peng is a well-known online influencer economist. Public information shows that Fu Peng had served as Chief Economist at the Research Institute of Northeast Securities since 2020 until his departure on April 30, 2025. At that time, he stated that he had just completed two major surgeries and needed more than six months of recuperation, and therefore chose to step down temporarily.

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The report said that 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. However, it remains unclear whether he will be permanently based in Hong Kong.

Last Thu (16th), the company announced that under its share award scheme, it granted share awards involving a total of 660,000 shares to two employee participants, subject to acceptance by the grantees before becoming effective. (da/j)(HK stocks quote is delayed for at least 15 mins.)

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