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A preview of Chinese concept stock earnings season! Tencent and Alibaba take the lead, who will lead the market?
According to the research report by Minsheng Securities, bullish on netdragon, a leading company in the overseas Chinese assets related to the internet plus amidst the background of interest rate cuts in North America.
One chart preview | Tencent Q2 performance will be released next week! Game business rebounds, how will the stock price perform this time?
For the upcoming Q2 financial report, the market generally predicts that Tencent is expected to achieve a revenue of 160.554 billion Chinese yuan, a year-on-year increase of 7.6%; the EPS is 4.26 yuan, a year-on-year increase of 58.15%.
Mid-day review: the ChiNext Index rose nearly 2.7%, with gains in tech and internet companies, mainland real estate, Baidu up more than 4%, and Shimao Group up more than 12%.
Auto stocks collectively rose, with Li Auto Inc up over 5% and BYD Company up over 4%; Semiconductor Manufacturing International Corporation rose over 6%, with Q2 revenue and net income both exceeding market expectations.
Futu Morning Post | Crazy night in the US stock market! S&P 500 achieves its best single-day performance in nearly two years; Denying recession claims! Fed officials: US economic growth and demand remain strong.
JPMorgan: If the Federal Reserve does not have a sense of urgency to ease monetary policy, then US stocks still face risks; Trump and Harris agree to debate on September 10; the market is seeking higher yields, with the 30-year US bond auction once again performing poorly.
US stocks closed with Nasdaq up more than 2.8% and S&P up more than 2.3%, as employment data eased concerns about the US economy.
Nvidia rose over 6%, while Tesla, Alibaba, PDD Holdings, and Tencent ADR rose over 3%; weight-loss drug bullish financial report, Eli Lilly and Co. rose over 9% and led Novo-Nordisk A/S to rise over 7%.
The third one! Construction Bank's TLAC non-capital debt was issued today. Agricultural Bank's 50 billion has already been approved. Industry insiders believe that there is still a lot of room for the expansion of TLAC non-capital tools.
On the one hand, for China's globally important banks, it can effectively supplement capital. On the other hand, the issuance of TLAC non-capital bonds will also increase the variety and quantity of domestic market credit bond supply. In addition, the five major banks will face higher assessment requirements in 2028 and 2030, and there may still be considerable room for the expansion of TLAC non-capital tools.