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Recent important questions in the Hong Kong stock market: who is buying, which Sectors is the main capital Inflow into, and which stocks are heavily weighted......
At the Industry level, since the Spring Festival, the hot market for Hong Kong stocks has seen major Inflow directed towards growth Sectors such as AI and pharmaceuticals, while the dividend-related Sectors have experienced significant reduction in holdings. Notably, apart from the “AI+” Sector, southernbound funds have continued to flow into the dividend Sector and have shown a resonance with some Chinese-funded intermediaries and local Hong Kong intermediaries.
The central bank carried out a one-year MLF operation of 300 billion yuan with interest rates remaining unchanged.
The People's Bank conducted a 300 billion yuan medium-term lending facility (MLF) operation, with a term of 1 year and a winning interest rate of 2.00%.
Will the tight funding conditions continue? This week, over one trillion interbank certificates of deposit will mature, and the pressure on the Banks' liability side will still require time to alleviate.
① If the funding situation does not loosen, the interbank certificate of deposit interest rates will continue to rise. ② The current relief from pressure on the asset side may take time, and the alleviation of banks' liability pressure may require the liquidity environment to loosen first. ③ Non-bank Institutions and rural commercial banks are the Block Orders for Shareholding, while Funds and Brokerages are the main ones reducing their holdings.
In the past two months, Northbound capital has bought over 190 billion Hong Kong dollars worth of Hong Kong Stocks! 10 stocks have become favorites for increased holdings.
Since the beginning of this year, the Hong Kong stock market has soared, largely due to robust support from southbound capital. From this year's data, the net Buy amount of southbound capital has approached a quarter of last year's total, while the time elapsed is still less than one-sixth of the entire year.
In February, the LPR Quote was released: the interest rates for both 5-year and 1-year terms remain unchanged.
The loan market quote rate (LPR) for February has been released: the LPR for more than 5 years is 3.6%, the same as last month at 3.6%. The 1-year LPR is 3.1%, unchanged from last month at 3.1%.
After the decrease in existing mortgage rates, some Banks have also lowered the interest rates on existing Consumer loans? Here comes the truth: it's a pricing contract with floating interest rates.
After the interest rate cut for existing mortgage loans, some Banks have actively reduced the interest rates for existing Consumer loans.