Express News | The Hang Seng Index in Hong Kong closed down 0.4% and the Hang Seng TECH Index fell 1.43%.
Express News | The U.S. side claims that it may start imposing a 10% tariff on China beginning February 1, and the Ministry of Commerce responded that tariff measures are not beneficial to either China or the U.S., nor to the entire world.
Express News | The U.S. side has proposed to assess the implementation of the first phase of the China-U.S. trade agreement, and the Ministry of Commerce responded: The Chinese Ministry of Commerce has maintained communication with the relevant competent authorities of
Hong Kong Stock Market Midday Review | Hang Seng Index rose 0.24% in the morning session, Mainland Insurance Companies climbed across the board.
Six departments issued a document to promote the entry of medium- and long-term funds into the market. Institutions stated that expectations for improvements on the asset side have significantly increased.
Express News | The State Council Information Office held a press conference on "Vigorously Promoting the Entry of Medium and Long-term Funds into the Market and Promoting the High-quality Development of Capital Markets" with ten key points.
Here comes the simplified version of the press conference highlights! Five ministries have made a significant statement, vigorously promoting the entry of medium- and long-term funds into the market.
The China Securities Regulatory Commission will further enhance the equity allocation capacity of medium to long-term funds, steadily expand the investment scale, and improve the funding supply structure of Capital Markets.
Strongly promote the entry of medium- and long-term funds into the market, the China Securities Regulatory Commission and other five departments make a significant statement! Key points from the press conference summarized in one article.
The State Council Information Office held a press conference at 9 a.m., where Wu Qing, chairman of the China Securities Regulatory Commission, Liao Min, vice minister of the Ministry of Finance, Li Zhong, vice minister of the Ministry of Human Resources and Social Security, Zou Lan, member of the Party Committee of the People's Bank of China, and Xiao Yuanqi, deputy director of the National Financial Supervisory Administration, introduced efforts to vigorously promote the entry of medium- and long-term funds into the market and enhance the high-quality development of the Capital Markets, and answered reporters' questions.
Express News | The central bank: will promptly expand the range and increase the tools, continuously optimizing the policy arrangements for Share Buyback and Shareholding re-loans.
Express News | Xiao Yuanqi, Deputy Director of the Financial Regulatory Administration: The scale of the second batch of Insurance funds for long-term Stocks investment pilot is 100 billion yuan, with 50 billion yuan approved for investment in the stock market before th
Express News | The chairman of the Securities Regulatory Commission, Wu Qing, stated that the supply of products and tools suitable for medium to long-term investments will continuously be enriched.
Express News | The Financial Regulatory Authority encourages Insurance funds to steadily increase their investment ratio in the stock market.
Express News | The Hong Kong Hang Seng Index opened up 0.52%, the Tech Index rose 0.74%, and Semiconductor Manufacturing International Corporation increased by over 2%.
Express News | CSRC Chairman Wu Qing: The scale of the second batch of long-term Stocks investment pilot for insurance funds in 2025 will not be less than 100 billion yuan.
Express News | Chairman of the Securities Regulatory Commission Wu Qing: Long-term funds clearly implement comprehensive long-cycle assessments.
Express News | Chairman of the China Securities Regulatory Commission, Wu Qing: Starting this year, 30% of newly added insurance premiums will be used to invest in A-shares.
At 9 a.m. this morning! A major meeting at the State Council Information Office is about to be held, with over 400 billion in medium to long-term funds expected to enter the market.
According to non-bank insurance research estimates, if the four types of medium to long-term funds each increase their market entry by 1 percentage point, it could bring in an incremental capital of 430 billion.
Announcement highlights | China Pacific Insurance anticipates a 55% to 70% year-on-year increase in net income for 2024; CHOW TAI FOOK's retail sales declined by over 10% last quarter.
CMOC Group Limited released a profit warning, expecting an annual net income of 12.8 billion to 14.2 billion yuan, an increase of 55.15%-72.12% year-on-year.
Futu Morning Report | "Interstellar Gate" Concept stocks are in a frenzy, ARM surged nearly 16% overnight; promoting the entry of medium to long-term funds into the market! China's Capital Markets welcome significant proposals.
The CEO of the world's largest sovereign wealth Fund advises: sell USA Technology stocks and buy China Assets; in the face of policy undercurrents after Trump's return, the European Central Bank still plans to continue lowering interest rates; an extreme winter storm hit the southern USA, and multiple states declared a state of emergency.
Bearish Trend Strengthens In Hang Seng Index Futures
The Hang Seng Index night future closed at 19,924 points with a premium of 145 points.
As of January 23, the Hang Seng Index night futures (January) closed at 19,924 points, up 78 points or 0.393%, with a premium of 145 points.