Recent important questions in the Hong Kong stock market: who is buying, which Sectors is the main capital Inflow into, and which stocks are heavily weighted......

At the Industry level, since the Spring Festival, the hot market for Hong Kong stocks has seen major Inflow directed towards growth Sectors such as AI and pharmaceuticals, while the dividend-related Sectors have experienced significant reduction in holdings. Notably, apart from the “AI+” Sector, southernbound funds have continued to flow into the dividend Sector and have shown a resonance with some Chinese-funded intermediaries and local Hong Kong intermediaries.

Yao Wang Hou Shi23minutes ago

Yuexiu Securities lists the main expected goals and policy changes from the Chinese government's work reports over the past three years (table).

Yuekai Securities released a report listing the main expected goals and policy orientation changes in the Chinese government work reports over the past three years: (1) Economic and social development main expected goals - Economic GDP growth rate - 2025: around 5% - 2024: around 5% - 2023: around 5% - CPI growth rate - 2025: around 2% - 2024: around 3% - 2023: around 3% - New urban employment - 2025: over 12 million people - 2024: over 12 million people - 2023: around 12 million people - Urban surveyed unemployment rate - 2025: around 5.5% - 2024: around 5.5% - 2023: around 5.5% (2) Fiscal policy

AASTOCKS14:51

Soochow: This year's government work report focuses on "investing in people" with the incremental fiscal funds reaching 2.9 trillion yuan, second only to 2020.

Soochow published a report stating that this year's Chinese government work report set a high growth target, reflecting a policy orientation of "facing difficulties and striving for progress." With a 5% economic growth target, the requirements for macroeconomic policy have significantly increased. How to achieve the growth target? This year's policy places greater emphasis on "investing in people," with increased weight on areas such as employment, income, consumer spending, retirement, and childbirth in macroeconomic policy. This aims to boost internal demand through "special actions to stimulate consumption" to counteract the impacts of external environmental changes, which is a significant departure from previous years. On the other hand, this year's report noticeably increased attention to Technology and private enterprises, which is in line with "

AASTOCKS14:50

The mainland will expand the scope of financial Assets investment company Private Equity to the provinces where the pilot cities are located.

The National Financial Supervisory Administration issued a notice on further expanding the pilot program for equity investments by financial asset investment companies, proposing to extend the scope of equity investments by these companies to the provinces where the pilot cities are located. It clarifies that relevant Funds can conduct equity investments within the provinces where the pilot cities are located, which is beneficial for expanding the project support scope of Funds, attracting more social capital to participate in Fund fundraising, reducing operational costs of Funds, and enhancing operational efficiency. The notice supports eligible Banks in establishing financial asset investment companies. Currently, five large commercial Banks have established financial asset investment companies through the pilot program, exploring finance.

AASTOCKS13:16

Chief Expert of the Shanghai Financial and Development Laboratory: 500 billion yuan in special national bonds can alleviate the profitability pressure on banks and stabilize the capital replenishment mechanism.

The government work report of China proposed to issue special treasury bonds amounting to 500 billion yuan to support state-owned large commercial Banks in replenishing capital. Zeng Gang, chief expert and director of the Shanghai Financial and Development Laboratory, explained that this arrangement is not only a precise response to the current economic situation but also an important measure to lay the foundation for long-term high-quality economic development. Data shows that the asset and Crediting growth rates of state-owned large Banks have exceeded the industry average, accounting for nearly 60% of the new Crediting of commercial Banks. Zeng Gang believes that by injecting capital to replenish core Tier 1 capital, state-owned large Banks will be better able to increase investments in Infrastructure, high-tech manufacturing, and green.

AASTOCKS12:01

Chinese financial stocks rose across the board as the government work report proposed timely cuts in reserve requirement ratios and interest rates.

Jinwu Financial News | Chinese financial stocks are rising across the board, with clear gains in China Mainland Banking stocks. Bank Of Communications (03328) rose by 2.87%, Bank Of China (03988) rose by 2.49%, MINSHENG BANK (01988) rose by 2.42%, CEB BANK (06818) rose by 1.94%, Industrial And Commercial Bank Of China (01398) rose by 2.01%, Postal Savings Bank Of China (01658) rose by 1.60%. In terms of Mainland Insurance Companies, China Pacific Insurance (02601) rose by 2.88%, China Life Insurance (02628) rose by 2.28%, ZA ONLINE (06060) rose by 2.17%, China Pacific Insurance.

Jinwu Financial News10:46