What do new highs in U.S. Treasury bonds and new lows in Chinese bonds mean for Hong Kong stocks?

The combination of "new highs in US bonds and new lows in Chinese bonds" has a neutral or even somewhat negative impact on Hong Kong stocks, and historical experience often reflects this.

CICC strategy18:11

The HSBC HOLDINGS Manufacturing PMI for December is 57.4, exceeding the previous month.

In December, India's HSBC HOLDINGS Manufacturing PMI was 57.4, exceeding the previous month's figure. The December HSBC HOLDINGS Manufacturing Purchasing Managers' Index (PMI, preliminary) stood at 57.4, surpassing last month's 56.5. Additionally, the HSBC HOLDINGS Services PMI for the same month rose to 60.8 from last month's 58.4. The Ministry of Finance recently indicated that the economic slowdown in the July-September period was temporary and that the growth rate would accelerate again in the second half of fiscal year 2024.

Fisco Japan07:05

Three insurance companies have been approved to issue bonds worth 39 billion. Insurance companies have replenished a total of 117.5 billion yuan this year, slightly exceeding last year's total.

① On the same day, the Financial Regulatory Bureau disclosed that the perpetual bonds or capital supplement bonds issued by Ping An Life, China Postal Insurance, and China United Property Insurance have been approved, with a cumulative approved issuance scale not exceeding 39 billion yuan; ② The demand for "blood replenishment" in the Insurance Industry remains significant within the year. As of December 20, the cumulative issuance scale of capital supplement bonds and perpetual bonds by Insurance Institutions has reached 117.5 billion yuan, slightly higher than the total for last year.

cls.cnDec 20 21:27

Investing in Hong Kong, Alibaba has arrived! Alibaba's Entrepreneur Fund has established a 0.15 billion dollar AI Fund.

① Alibaba's Entrepreneur Fund announced the establishment of an AI Fund, amounting to 0.15 billion USD, primarily covering Industries where AI can be deeply applied. ② Almost at the same time, ByteDance founder Zhang Yiming also arrived, and his investment Institutions officially acquired Hong Kong's No. 9 license to start investing in the AI field. ③ This year, Hong Kong ranks eighth among the top ten regions globally in terms of total financing for AI enterprises.

cls.cnDec 20 21:20

Annual review | North funds aggressively bought Hong Kong stocks! Net buying exceeded 770 billion Hong Kong dollars for the year, with Alibaba attracting over 82 billion.

As of December 19, the cumulative transaction of southbound funds through the Hong Kong Stock Connect this year has exceeded 10 trillion, surpassing the entire amount of last year, with an overall increase of nearly 50%.

Futu NewsDec 20 19:24

Express News | Alibaba: On December 19, approximately 39.9918 million US dollars was spent to repurchase 3.7808 million shares.

BreakingsDec 20 18:32