There is a safety hazard, byd company limited is recalling nearly 0.1 million electric autos.
①Recall a total of 87,762 domestically produced Dolphin and Yuan PLUS electric autos manufactured between February 4, 2023, and December 26, 2023; ②Recall a total of 8,952 domestically produced Yuan PLUS electric autos manufactured between November 2, 2022, and June 19, 2023; ③Some vehicles within the scope of this recall have safety risks.
Bank of America and Barclays update their "china fever" strategy: major events happening now! Global risk appetite is on the rise.
①China's current stimulus policy has increasingly become the mainstream attitude of Wall Street analysts, and overseas investors are also showing concerns about 'missing out' while waiting and seeing; ②Even after the significant rise this week, Chinese assets still remain very attractive in terms of valuation; ③In addition to stocks, analysts are also paying attention to the generalized effect of 'China bullish'.
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
The central bank has launched two measures at the same time! The reserve requirement ratio is reduced by 0.5 percentage points, and the 7-day reverse repurchase operation interest rate is lowered by 20 basis points.
Starting from September 27, 2024, the reserve requirement ratio for financial institutions is reduced by 0.5 percentage points. After this reduction, the weighted average reserve requirement ratio for financial institutions is approximately 6.6%.
Pacer Advisors, Inc. to Close and Liquidate the Pacer BioThreat Strategy ETF (VIRS) and the Pacer CSOP FTSE China A50 ETF (AFTY)
Interbank certificate of deposit quota is in urgent need! Some banks are already below 5%, and it may ease in the fourth quarter.
① The balance of certificates of deposit from the six major state-owned banks accounts for 82.04% of the quota in 2024, while the balance of certificates of deposit from joint-stock banks accounts for 68.75% of the quota in 2024. ② The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
Hong Kong's electric vehicle stocks quietly staged a comeback! Nio Inc and Xiaopeng surged 30% this month, with bullish news frequently occurring. Will the sales performance in September and October exceed expectations?
With recent unexpected 50 basis points rate cut by the Federal Reserve and multiple bullish factors such as China's policy measures, the Hong Kong stock market has seen a long-awaited sharp rise. Among them, driven by the frequent transmission of positive factors in the autos industry, the electric vehicles sector has ushered in a strong upward trend, with an overall increase of over 11% since September, the rising momentum is impressive!
Double benefits! The central bank's financial policy + the Fed's interest rate cut, high-interest large financial stocks are making a comeback.
As the saying goes, buying stocks means buying companies, sharing the company's profits and growing together with the company. The dual benefits of financial policy + interest rate cuts still have a strong logic for banks and insurance stocks to receive both financial benefits and dividends.
The central bank responds that the 'transfer mortgage' will initially start from this bank, industry insiders expect new mortgages to replace old mortgages, with limited impact on the existing market.
The main reason for emphasizing the "initial implementation of internal transfer mortgage within the bank" is that the current existing housing loans are still high-yield, low-risk quality assets for banks. Allowing interbank transfer of mortgages will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers to sign a new mortgage contract to replace the original mortgage.
The existing-home loan interest rate is about to be reduced by 50 basis points! Industry insiders: It can effectively curb the trend of early repayment, and under the pressure of interest rate differentials, deposit rates will be further reduced.
1. The central bank announced that it will guide commercial banks to reduce existing mortgage rates to be close to the rates of new mortgages, with an average reduction of about 0.5 percentage points. 2. It is expected that the loan prime rate (LPR) and deposit rates will symmetrically decrease.
The reduction in reserve requirements is bullish and stimulating, the Hong Kong stock market's ten consecutive days of rising momentum is unstoppable! Multiple sectors are collectively surging, is the bull market here?
Affected by this news, the Hang Seng Index, the Hang Seng Technology Index, and the Hang Seng China Enterprises Index all rose by more than 2%, with the Hang Seng Index expected to challenge a "ten consecutive gains".
Major announcements on the real estate market and stock market were made by one line, one bureau, and one association.
1. The central bank: reducing the reserve requirement ratio, lowering the interest rate on existing housing loans; creating special refinancing to guide banks to provide loans to listed companies. 2. The China Banking and Insurance Regulatory Commission: will strengthen the core Tier 1 capital of 6 large commercial banks; reveal three optimization policies for the renewal of loans for small and micro enterprises. 3. The China Securities Regulatory Commission: will issue opinions on promoting the entry of medium and long-term funds into the market and six measures to promote mergers and acquisitions; support the China Investment Corporation in increasing its shareholding in the capital markets.
Capital markets are getting a fresh boost! The central bank has set up a special refinancing facility for securities, funds, insurance companies to facilitate share buybacks and shareholdings, which can only be used for investing in the stock market.
1. Establish convenient exchanges between securities, funds, and insurance companies, support eligible securities, funds, and insurance companiess to obtain liquidity from the central banks through asset pledge, which will significantly enhance their funding and shareholding capabilities; 2. Establish a special re-lending facility for share repurchases and shareholdings, encourage banks to provide loans to listed companies and major shareholders, and support share buybacks and shareholdings.
Multiple bullish factors are coming! CM Bank rose more than 4%, leading the banking stocks. The central bank announced a reserve requirement ratio cut, and the country plans to increase capital for six large commercial banks.
The banking sector is strong, as of the deadline, cm bank rose by 4.36%, to HK$32.3; bank of communications rose by 3.27%, to HK$5.690; industrial and commercial bank of china rose by 2.48%, to HK$4.55; postal savings bank of china rose by 2.31%, to HK$4.42.
What signal does it send when two insurance companies repurchase stocks in one day? This year, many cases of repurchasing stocks for cancellation are considered important means to enhance intrinsic value.
①Ping An's current buyback plan is part of the 2024 long-term service plan, aimed at rewarding and retaining core personnel; these actions can be seen as employee benefits and a commitment to shareholder value; ②Industry insiders say that stock buybacks and cancellations have become an important means for many companies to enhance intrinsic value.
Rate cut! After a 2-month cut in the 7-day reverse repurchase rate, the 14-day reverse repurchase rate was cut by 10 basis points today. How significant is the impact?
①The policy rate will be based on the 7-day reverse repurchase rate. ②Since the news of the adjustment of existing home loan rates has been circulating for two weeks, there has been no official denial. Moreover, the market has been calling for it quite strongly, and the majority of market institutions believe that formal action and implementation are just a matter of time.
Maximum of 6 billion! kweichow moutai proposes to buy back shares, implementing repurchase for the first time in 23 years since listing.
①The purpose of repurchasing shares is for cancellation and reduction of the company's registered capital. ②The repurchase price of shares shall not exceed 1795.78 yuan per share (inclusive).
Ping An Insurance's Xie Yonglin: Insurance capital is a prerequisite for becoming patient capital, and industry reform and innovation are still needed to enhance the long-term investment quality and effectiveness.
In Xie Yonglin's view, "long cycle", "high stability" and "large scale" are the three important characteristics of insurance funds, which also constitute the prerequisites for patient capital. Compared with other patient capital, the actual use of insurance funds also faces three major challenges.
There is no urgent need for a short-term reduction. The September LPR quote remains unchanged, and the industry expects the main policy interest rates to be lowered to promote LPR adjustments within the year.
① The main reason for the stable LPR interest rate in September is the large pressure on banks' net interest margins, and the policy rate (7-day reverse repurchase rate) remains unchanged. ② Taking into account the current economic situation and price trends, the central bank is likely to lower the main policy rate in the fourth quarter, that is, the 7-day reverse repurchase rate, with an estimated downward adjustment of 10 to 20 basis points, which will guide LPR quotes to follow suit.
The European Union car market is clouded: new car sales in August hit a three-year low, with EV sales down 43% year-on-year.
1. The new car sales volume in the European Union in August fell by a staggering 18.3% year-on-year, dropping to the lowest level in three years; 2. The European Automobile Manufacturers' Association stated that the sales of full electric vehicles in the European Union in August decreased by 43.9% year-on-year, marking the fourth consecutive month of decline.