Da Ming raised its msci chinese index target for June 2025 to 71. In the current highly complex environment, defense is safer than offense in terms of strategy.
Morgan Stanley's report pointed out that in the current highly complex environment, a defensive strategy is safer than an offensive one, and the bank is increasingly concerned about the impact of oil prices and global growth risks on cyclical markets and industries. The bank believes that the main focus from October to November this year will be on geopolitical risks, the US elections, and the uncertainty of policies in 2025. The current environment is characterized by multiple risks and opportunities. While China's loose policy is important, valuation has been significantly reassessed. The bank has raised the target price for the MSCI China Index from the original 56 to 71 by June 2025, and the target for the MSCI Emerging Markets Index has been adjusted to 1,160.
UBS Group: Mainland government may reveal more specific fiscal support measures at a senior-level meeting later this month.
The National Development and Reform Commission held a press conference yesterday (8th) to announce a package of incremental policies. UBS Group's Wealth Management Asia Pacific Investment Director's Office stated that the NDRC reiterated confidence in economic growth, but what slightly disappointed market investors who had previously expected more was that no additional stimulus policies were introduced at the meeting. The bank believes that the Chinese government may reveal clearer fiscal support measures at a high-level meeting later this month. Until then, the bank expects market volatility to potentially intensify. Therefore, they are still bullish on utilizing leveraged strategies in the Chinese market, and investors underweighting Chinese stocks may consider increasing positions in selected internet and consumer industries before that.
Bocom Intl: Hong Kong stocks still have upside potential after violent fluctuations.
Bocom Intl released a report stating that the Hong Kong stock market sharply declined yesterday (8th). After experiencing a short-term huge rally, the market accumulated a large amount of profit-taking pressure. Against this backdrop, the market is very prone to large fluctuations. Coupled with the Hang Seng Index currently near the previous high of 22,700 points, technically it is a resistance level. Under the expectation gap, both the Hang Seng Index and the Hang Seng Tech Index recorded nearly 10% historical single-day largest declines.
Tsai Fung-yi: ETF accounts for 15% of the trading volume in the Greater China market, surpassing warrants for bull and bear markets.
Fang Yiyi, Executive Director of the Investment Products Department of the Securities and Futures Commission, stated that the trading volume of Exchange Traded Funds (ETFs) on the exchange has been continuously increasing. As of the end of August this year, the cumulative trading volume of ETFs through the Southbound scheme exceeded 1 trillion RMB, and the cumulative trading volume through the Northbound scheme also exceeded 300 billion RMB. Currently, the trading volume accounts for approximately 15% of the total turnover of the Hong Kong Exchange (00388.HK), surpassing the combined market share of warrants and bull/bear certificates. This indicates that ETFs are becoming increasingly popular as an investment tool. The Securities and Futures Commission will continue to collaborate with the China Securities Regulatory Commission and relevant authorities to further optimize the ETF Connect in the future.
Express News | HKEX disclosed that UBS Asset Management (Hong Kong) Ltd. increased its shareholding of China Construction Bank Corporation's H shares by 20 million shares on October 3, instead of the previously reported increase of 20 billion shares.
Hong Kong Stock Connect Alibaba net inflow of 3.625 billion Hong Kong dollars
There is a net inflow of funds from Beishui to Alibaba (09988.HK), SMIC (00981.HK), and Xiaomi Group (01810.HK), reaching 3.625 billion Hong Kong dollars, 1.808 billion Hong Kong dollars, and 0.833 billion Hong Kong dollars, respectively.