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Five consecutive rises! Hong Kong stocks are experiencing a strong rebound, Call Options for China Stocks ETF are being aggressively bought again, what is the outlook for the market?
China International Capital Corporation believes that from a long-term perspective, the Hong Kong stock market has not yet escaped the fluctuating pattern. To expand the market space, there are mainly two avenues: one is to rely on large-scale fiscal efforts to solve the current credit contraction issue faced by the economy; the other is the market pullback, creating better buying opportunities and greater rebound potential, referred to as 'opportunities arising from declines.'
In the "Investment Bank" report from Lyon: This year, the preference of the Internet Industry in China leans towards Gaming, travel, local services, and benefits from the old-for-new policy, with top picks being Tencent, Xiaomi, Trip.com, NetEase, Meituan
Citi published a research report indicating that the Internet Industry in China, as an early major beneficiary of Consumer recovery policies, is expected to continue rebounding this year. Gaming, e-commerce, and electric vehicles will become more attractive Globally. The firm prefers beneficiaries of upgrading policies in Gaming, travel, and local services, with top choices being Tencent (00700.HK), Xiaomi-W (01810.HK), Trip.com-S (09961.HK), NTES-S (09999.HK), MEITUAN-W (03690.HK), JD.com-SW (09618.HK), and DiDi Global Inc.
The latest holdings of top fund manager Zhang Kun are revealed! Increased shareholding in Alibaba, reduced shareholding in Meituan and CNOOC.
In this quarterly report, Zhang Kun stated that he assesses the intrinsic performance of the companies in the portfolio every year to review and evaluate the determination of the companies' fundamentals.
Hong Kong stocks are moving | Travel Concept stocks are rising today as measures to promote Consumer spending in cultural tourism and extend holidays are announced. Travel demand is expected to be concentrated during the Spring Festival.
Travel Concept stocks experienced a widespread increase today. As of the time of writing, TONGCHENGTRAVEL (00780) is up by 3.83%, trading at 18.96 HKD; TRIP.COM-S (09961) is up by 3.7%, trading at 532 HKD; China Tourism Group Duty Free Corporation (01880) is up by 2.74%, trading at 48.7 HKD; CHINA TRAVEL HK (00308) is up by 1.02%, trading at 0.99 HKD.
Ctrip: The number of people applying for outbound travel visas during the Year of the Snake Spring Festival has increased by 58%.
According to online travel agency Ctrip's visa data on January 17, as of now, the number of visa applications for the Spring Festival has increased by 58% year-on-year. Popular visa destinations include Japan, Australia, USA, New Zealand, South Korea, United Kingdom, Vietnam, Canada, France, and Spain.
Minsheng Securities: How the fiscal increase benefits the public and boosts Consumer spending is a focus of the mainland economy, with expectations that the boost in services such as cultural tourism, Retirement, and childcare will be a key policy focus.
Minsheng Securities published a report stating that the National Bureau of Statistics released data showing that the preliminary calculation of the Gross Domestic Product for 2024 is 134.9 trillion yuan (same below), calculated at constant prices, an increase of 5% compared to the previous year. Looking at it quarterly, the first quarter grew by 5.3% year-on-year, the second quarter grew by 4.7%, the third quarter grew by 4.6%, and the fourth quarter grew by 5.4%. The bank indicated that the domestic production growth rate recorded 5.4% in the fourth quarter last year, likely due to the impact of consumer spending under the "replace old with new" policy, the Manufacturing sector acting as a "stabilizing force," and the rising Volume in the stock market all contributing to the 5.4% growth rate in the fourth quarter of last year.