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The SPAC initiated by Li Ning applied to the Hong Kong stock exchange for listing
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Hong Kong sporting goods stocks continued to decline
The sports sector of Hong Kong stocks fell, and Li Ning fell nearly 5%
Hong Kong sporting goods stocks rose intraday, with Li Ning up more than 11%, Anta Sports up more than 7% and Tebu international up nearly 7%.
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Hong Kong Sports Goods stocks were strong, with Tebu international up 6.43%
China Merchants Securities (Hong Kong): maintain Li Ning's "buy" rating with a target price of HK $80.7