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Changes in Hong Kong stocks | Yadi Holdings (01585) rose more than 6% in early trading. The new 3C certification regulations for the new version of electric bicycles will be implemented on November 1
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The Zhitong Finance App learned that Yadi Holdings (01585) rose more than 6% in early trading. As of press release, it rose 6.47% to HK$8.23, with a turnover of HK$374.49 million.

According to the news, according to CCTV news reports, the reporter learned on October 23 that the General Administration of Market Regulation will comprehensively upgrade the CCC certification implementation rules this year, and the new CCC certification regulations for the three categories of electric bicycles, toys, and strollers will be implemented on November 1. The new CCC certification regulations for electric bicycles require strict implementation of “one vehicle, one pool, one charge, one code”.

Orient Securities pointed out that since October, the regulatory authorities have carried out a nationwide certification and rectification of the electric bicycle industry. Short-term disturbances are concentrated in the electric bicycle category. The impact on October shipments was most obvious, and the impact on companies that account for a relatively high share of the electric bicycle business was greater; considering that Q4 was a traditional off-season and the base for the same period last year was low, the impact on the whole year was limited.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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