Hong Kong stocks become the "hottest" stock market in the world! The Hang Seng Index has risen nearly 40% so far this year, with brokerage stocks surging sixfold in five days. How will the future market evolve?
It is noteworthy that brokerage stocks, as the vanguards of the bull market, play the role of "front-runners" in this current uptrend. Moreover, Chinese-affiliated brokerage stocks in the Hong Kong market have shown astonishing increases, indicated by the gains over the past five trading days.
"Bull market leader" sends a heavy signal, market optimism continues to rise! Is a major trend about to emerge?
The brokerage sector has always been a barometer of bull markets. Today, brokerage stocks once again surged across the board, indicating that the market still holds a generally optimistic outlook for the future performance of the Hong Kong stock market.
Funds are rushing to buy in large quantities! Several Chinese concept stocks, china assets etfs have doubled, who is betting on them?
Behind the recent rise in Chinese assets, foreign capital with keen sense of smell is undergoing significant changes, returning to the Chinese market has become the hottest topics now.
China's assets across the board surged, with foreign institutions rushing to buy in frenzy.
Mark Mobius, known as the "father of emerging markets", recently expressed the view that under stimulus measures, the Chinese stock market is rejuvenated, with the intensity and timing of this round of stimulus exceeding expectations.
This time is different? Foreign media survey: Foreign capital is "ready to return to China", hedge funds "not even picking stocks".
Some institutions believe, 'In terms of allocation to China, for many people, it may be too early to change the allocation, but there is only one direction, which is upward.'
Hong Kong and A-shares are in high spirits! How much room is left in the market under the new round of policies?
Interest rate-sensitive growth stocks, export chains driven by usa real estate demand, Hong Kong stocks local dividends and real estate, all show greater resilience in this round of rise.
Central Bank, super heavy! Batch adjustment of existing home loan interest rates!
On September 29, the People's Bank of China (referred to as the "central bank") issued an announcement (referred to as the "Announcement") to improve matters related to the pricing mechanism of commercial individual housing loans. Starting from November 1, eligible borrowers can negotiate with commercial banks to adjust the rate markup of mortgage loans in a market-oriented manner and can also negotiate to adjust the repricing cycle. At the same time, the central bank issued the "Proposal on the Initiative of Bulk Adjustment of Existing Housing Loan Rates", clarifying that all commercial banks should unify the interest rates of existing housing loans (including first homes, second homes, and more) by October 31, 2024.
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.
Express News | The Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting the Entry of Medium to Long-term Funds into the Market".
Goldman Sachs, UBS Group, and Morgan Stanley have all spoken out on China's policies and assets!
Recently, a series of consecutive punches have been released by the Chinese government, with Chinese assets represented by A shares soaring for three consecutive days, and the offshore renminbi also regaining the "7" level against the US dollar. Globally, both China's recent package of policies and asset trends have attracted attention, with a Goldman Sachs conference call being overloaded, reaching its maximum capacity in terms of participants. What are foreign investors' views on China's recent package of policies? Has confidence been somewhat boosted? China's brokerage journalists interviewed Goldman Sachs, JPMorgan, UBS Group, and other foreign institutions on September 25th, collecting the latest opinions of major foreign institutions on the recent comprehensive set of new policies. The most comprehensive easing policy since 2015 "this comprehensive set"
How will the central bank's policy stimulus package impact assets in China?
Huachuang Securities believes that for the equity market, policy shifts may help enhance market risk appetite, real estate policy adjustments provide some support, but market repair still requires some patience; Minsheng Securities points out that the monetary policy has shown a loose trend, and after the good use and completion of the fiscal stock policy, fiscal easing may also be on the way.
In August, domestic new energy heavy truck sales surged by 117% to 6,303 units, maintaining year-on-year growth for 19 consecutive months.
According to the latest data obtained by the First Commercial Vehicle Network, in August 2024, a total of 6,303 domestic new energy heavy-duty trucks were sold, a decrease of 5% compared to July, while the year-on-year growth continued, reaching an increase of 117%. The new energy heavy-duty truck market has maintained year-on-year growth for 19 consecutive months.
Tire semi-annual report inventory: strong demand, outstanding performance, continue to expand overseas market.
① Among the 9 listed companies in the tire industry, 8 companies have achieved growth in net income in the first half of this year due to strong market demand; ② Top companies in the industry, such as Sailun Group, Linglong Tyre, and Jiangsu General Science Technology, will continue to expand overseas production capacity in 2024 to meet the high overseas demand.
Overseas demand growth, Beijing Roborock Technology's Q2 net income increased by over 80% on a quarterly basis, with product sales increasing year-on-year.
① Beijing Roborock Technology stated that overseas revenue has achieved rapid growth due to the rapid increase in overseas consumer demand, and market share has continued to rise. ② With the increasing competition in the floor cleaning robot market, Beijing Roborock Technology admitted that there is a risk of price reduction for similar products in the market as technology progresses and market competition intensifies, which may result in a decrease in the company's gross margin.
China Stops Releasing Real-time Foreign Fund Flow Data
The second round of auto trade-in subsidies will double, and the policy's warm breeze is expected to drive growth in the industry.
On August 16th, the Ministry of Commerce and 7 other departments issued a notice on further improving the work of exchanging old cars for new ones. In terms of updating scrapped cars, the subsidy standard has been raised from the original subsidy of 10,000 yuan for purchasing new energy passenger vehicles and 7,000 yuan for purchasing gasoline passenger vehicles to 20,000 yuan and 15,000 yuan, respectively, both of which have increased by more than twice.
Self-driving unicorn Momenta is sprinting towards NASDAQ, and the theme of self-driving cars is expected to continue to ferment.
Wenyanzhihang is seeking its initial public offering (IPO) in the United States, with an estimated net fundraising amount of approximately 96 million US dollars. Wenyanzhihang may launch IPO as early as this week. Minsheng Securities' Cui Yanan analysis pointed out that the commercialization of Robotaxi has opened, and the era of intelligent driving has arrived. Overseas Tesla leads the industrialization process, and China's policy, supply, and demand have ushered in three upward turning points.
37 companies, 13.084 billion yuan! Inquiries and transfers on the STAR Market are active this year, with semiconductor companies as the block orders.
① This year, 37 Star companies have announced their inquiry and transfer plans, of which 36 have completed the inquiry and transfer, with a total transaction amount of 13.084 billion yuan. ② 17 companies that have undergone inquiry and transfer on the 5th day have positive gains or losses, and 11 Star companies are expected to have a good performance in the first half of this year. ③ Many market insiders believe that the inquiry and transfer system can help alleviate market pressure, improve liquidity, optimize investor structure and protect investor rights.
Latest developments in Hongmeng Intelligent Travel "Zunjie": Huawei has applied for transfer of trademark and Jianghuai's "300 personnel department" is accelerating recruitment.
Huawei Technologies Co., Ltd., the applicant for the "MAEXTRO" brand logo trademark under International Classification 12, initiated registration on July 23, 2024. At present, the trademark is in the "application received" stage of trademark transfer as of August 1, 2024; According to informed sources, Zunjie’s first model is expected to be launched in the first quarter of next year, and JAC hopes to produce 38 test cars at present.