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It concerns the regulatory oversight of public listings! The Hong Kong Securities and Futures Commission has made recommendations to the Stock Exchange.
The Hong Kong Securities and Futures Commission stated, "We will work closely with the Stock Exchange to implement the relevant proposals to maintain the integrity and stability of the Hong Kong listing market and enhance its resilience."
This week's Hong Kong stock bull | Biotechnology stocks performed brilliantly, with Jingtai Holdings soaring over 40% this week; seizing the opportunity of AI large model, ZTE has cumulatively risen over 14%.
Biotechnology stocks continued to show strong performance this week! Crystal Tech Holdings saw an overall increase of over 40% during the week, and Tongyuankang Medicine rose by over 23%. Taking advantage of the AI large model opportunity, it is reported that a partnership with ByteDance was formed, leading to a rise of over 14% for ZTE. SUPER HI gained over 13% this week, having surged nearly 77% since its performance report.
Recognizing the Fund opens up more investment opportunities! With the release of the new regulations, the sales ratio has been relaxed to 80%, and the mainland quota may expand to 300 billion.
① The new mutual recognition regulations for Funds have been implemented, with the product sales ratio approximately relaxed to 80%; ② The restrictions on re-authorization and product types have been simultaneously relaxed, which is expected to welcome new players and new products; ③ The central bank and multiple departments have simultaneously released the revised supporting rules.
Annual review | North funds aggressively bought Hong Kong stocks! Net buying exceeded 770 billion Hong Kong dollars for the year, with Alibaba attracting over 82 billion.
As of December 19, the cumulative transaction of southbound funds through the Hong Kong Stock Connect this year has exceeded 10 trillion, surpassing the entire amount of last year, with an overall increase of nearly 50%.
Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
The December LPR remaining unchanged meets market expectations, and the industry anticipates that the policy interest rate may be lowered in 2025 to guide an adjustment in the LPR.
Looking ahead to 2025, under a moderately loose MMF policy tone, the central bank will continue to implement substantial interest rate cuts, with the policy rate expected to be reduced by 0.5 percentage points, which will then guide the LPR Quote to follow suit.