Foreign chief executives speak out intensively: strong, rebound, continue to "high allocation" to the Chinese stock market
Recently, chief economists from foreign institutions have been speaking intensively, with strong, rebound, and high allocation becoming key words when discussing the performance of china's economy and financial markets.
Bank of Qingdao, bank of Guiyang and others have received intensive research. Next year's interest margin pressure remains a focal point of concern. The reserve volume and structure of many banks' "New Year Red" projects have been "exposed".
① With the background of debt-to-equity swaps, some regional banks are expected to benefit from the improvement in the fundamentals brought about by local economic development and debt replacement. ② Regulatory requirements will help listed banks with relatively low price-to-book ratios strengthen dividends and increase stake & buy back, gradually raising valuation levels. At the same time, under the expectation of market cap management for major index constituent stocks, this will facilitate long-term capital entering the market, indirectly supporting high-dividend sectors such as banks.
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
Is the lithium battery industry chain about to bottom out? Industry insiders expect prices to rebound next year, with leaders emphasizing a global layout.
Zhang Xiaofei, the chairman of Gaogong Lithium Battery, expects that the first quarter of next year will be the lowest point for prices, while the prices of battery main materials will begin to rise in the second quarter of next year.
Hong Kong Stocks Open Lower
Institutions: By March next year, the macro narrative cannot be observed and verified, liquidity will support the index to fluctuate upwards.
From now until the major conferences in December is the period for policy validation and observing macro data. From the end of December to early March next year usually falls under a window period for domestic macro data and policies. Attention should be paid to changes in market liquidity and improvements in economic indicators, while maintaining patience and resilience during the short-term policy vacuum period of one month, waiting for the new round of policy initiatives.