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CITIC SEC discusses the delisting of Chinese concept stocks: it will not change the intrinsic value of the companies and will bring incremental liquidity to the Hong Kong stock market.
CITIC SEC: We do not believe that the Hong Kong stock market is unable to accommodate a large-scale return of Chinese concept stocks. On one hand, the liquidity of the Hong Kong stock market has clearly improved, and on the other hand, the forced (Delisted) of stocks in the US actually shifts trading to the Hong Kong stock market, bringing incremental liquidity to the Hong Kong market.
Express News | The joint statement of the China-USA Geneva Economic and Trade Talks has been released.
Express News | Trump commented on the China-USA trade negotiations: significant progress has been made!!!
US stocks movement丨Magic Empire Global rose by 65.25%, making it the stock with the largest increase among Chinese concept stocks.
On May 8th, according to Gelonghui, the top five best-performing Chinese concept stocks at closing were: Magic Empire Global up 65.25%, Oriental Culture up 31.03%, Regencell Bioscience up 25.82%, Ostin Technology Group up 25.63%, and Big Tree Cloud up 22.4%. (Gelonghui)
Express News | Preparing for the "return" of Chinese concept stocks? CITIC SEC plans to allocate investment banking personnel to Hong Kong to increase staffing.
Highlights of the "One Line, One Bureau, One Meeting" press conference: Simultaneous reduction of reserve requirements and interest rates! A comprehensive financial policy package has been launched.
The reserve requirement ratio is lowered by 0.5 percentage points, with the overall average reserve requirement ratio decreasing from 6.6% to 6.2%, expected to provide approximately 1 trillion yuan in long-term liquidity to the market.