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%.
Hong Kong Stock Opportunity Tracker | Xiaomi's second quarter revenue increased by nearly 30%, with a gross margin of 15.4% for autos; Latest exposure! Duan Yongping increased his holdings of Alibaba and Tencent.
cgn power's revenue in the first half of the year was approximately 39.377 billion yuan, a year-on-year increase of 0.3%; jd.com: as of August 20th, walmart no longer holds shares in the company.
A quick view during trading hours: The three major Hong Kong stock indices have turned upward, with Kuaishou and Tencent rising by more than 2%, and Netease and Alibaba rising by more than 1%.
Auto stocks fell, with NIO down 3%, BYD Company down over 2%; Golden industrial concept performed weakly, with Zhaojin Mining down over 6%; mainland education stocks fell today, with New Oriental down over 6%.
At midday review, Hong Kong stocks collectively rose, with the three major indices up more than 1%; Japan ETF strengthened, and ChinaAMC MSCI Japan Hedged to USD ETF rose nearly 7%.
The components of the Science and Technology Index rose across the board, with Weibo up nearly 7%, Eastbuy up more than 5%, Ctrip Group up nearly 4%, and Tongcheng Travel up more than 3%.
Hong Kong stock market mid-day review: Three major indices fluctuated, the technology index fell 0.65%; oil and telecommunication sector stocks slightly rebounded, while autos and apple supplier concept stocks continued to be sluggish, with Xiaopeng dropp
During the morning session of the Hong Kong stock market, the three major indices had mixed performances. The Hang Seng Index and the HSTECH Index rose by 0.21% and 0.16%, respectively. The Hang Seng Tech Index once fell sharply to 1.9% and closed down 0.65% at noon, showing a weaker performance.
Intraday Quick View: Hang Seng Index down about 1.4%, with the biotechnology, internal housing and other sectors trending lower.
Harbour transportation stocks fell, with Cosco Shipping Holdings dropping more than 7%; NIO Inc fell more than 4%, and Feng Wei resigned as NIO's chief financial officer; UBTech Education fell more than 11%, marking the second consecutive day of significant decline.