A major change! Hong Kong Exchanges and Clearing Limited (HKEX) announced the implementation of trading during severe weather conditions, which will take effect next week.
On September 16, the Hong Kong Stock Exchange announced that the exchange has obtained regulatory approval to implement adverse weather trading. Adverse weather trading will take effect from September 23, 2024. Securities trading conducted on the exchange or through the exchange (including the northbound and southbound trading of the Shanghai-Hong Kong Stock Connect) will continue to operate during adverse weather conditions. Similar to regular trading days, all exchange participants are required to continue providing trading-related services during adverse weather.
The bond bull market with dividend overlay, the insurance industry's "investment side" finally sees a warming trend.
Only in the first half of 2024, five mainland insurance companies listed on the Hong Kong stock market have already exceeded 90% of last year's annual net profit attributable to shareholders.
HKEX: Latest severe weather arrangements, 4 brokerages are not yet ready for severe weather operations.
According to the Hong Kong Stock Exchange, as of September 10, four small and medium-sized market participants have not been fully prepared for operation in severe weather, including Wang Guang Securities, Huan Yi Securities, Sunshine Capital Securities, and Sun Securities.
Hong Kong stock opportunity tracking | Taobao officially integrates WeChat Pay; China Longyuan Renewable Energy's power generation from wind power is expected to increase by more than 90% this year.
China Resources Land's sales exceeded 150 billion yuan in the first 8 months; China Eastern Airlines' H shares received cumulative shareholding of over 0.1 billion shares from the controlling shareholder; OpenAI has released an AI model with reasoning capabilities.
The third "国十条" of the insurance industry has activated the trillion-dollar retirement financial market. The direction of the development of the three-pillar retirement insurance has been determined!
① Vigorously develop commercial insurance annuities to meet the diversified retirement protection and long-term financial planning needs of the public; ② Encourage the development of new products and exclusive products that adapt to the individual pension system; ③ Support pension insurance companies in conducting commercial pension business and promote the development of exclusive commercial retirement insurance.
Express News | The State Council issued the "Opinions on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of the Insurance Industry."
Hong Kong stock opportunities tracking | Alibaba's first day of inclusion in the Hong Kong Stock Connect saw a surge in trading volume of over 10 billion yuan; BYD has recently seen multiple executives increase their shareholding.
The European Union is considering lowering the proposed tariffs on electric vehicles from China; Sino-Ocean Group announced progress in debt restructuring.
Stock opportunities tracking | 33 stocks including Alibaba officially included in stocks connect today, guotai junan i will resume trading today
Longfor Group (00960.HK): Accumulated contract sales of 65.14 billion yuan in the first 8 months, with sales of 6.51 billion yuan in August; China Jinmao (00817.HK): Accumulated contract sales of 56.396 billion yuan in the first 8 months, with sales of 6.196 billion yuan in August; Tencent (00700.HK): Invested 1.003 billion Hong Kong dollars to repurchase 2.72 million shares, with a repurchase price range of 365.4-371.2 Hong Kong dollars.
The strategy of the Federal Reserve's interest rate cut layout is here! Warren Buffett has already placed his bets in advance, why are real estate stocks expected to become the 'strongest interest rate cut trade'?
The strong performance of US real estate stocks is driven by market expectations of a rate cut by the Federal Reserve. As mortgage rates decrease, homebuyers' activity will significantly increase, promoting further growth in the industry.
Is it urgent enough to reduce the interest rate on existing housing loans? In the first half of the year, the non-performing balance of personal loans in the six major state-owned banks has reached 352 billion yuan, and the non-performing rate has general
In the first half of this year, the total amount of non-performing loans of the six major state-owned banks has reached 352.091 billion yuan, exceeding the 300 billion yuan threshold for the first time. Compared with the data from early 2024 (291.371 billion yuan), it can be calculated that in the first half of the year, the six major state-owned banks added approximately 60.7 billion yuan of non-performing loans. Industry insiders believe that in the current environment, it is not advisable to excessively rely on reducing existing housing loans to play a greater role in promoting consumer spending.
Due to the impact of the typhoon, the Hong Kong stock market will be closed all day. Here's a guide to trading arrangements during severe weather.
The Hong Kong stock market will implement the trading arrangement known as the "typhoon non-trading day" to cope with the severe weather conditions starting from September 23.
Express News | HKEX: Typhoon signal number 8 is now in effect, and the securities and derivatives markets are suspended for the entire day.
Hong Kong stock opportunity tracking | Hong Kong Exchange may suspend trading all day today; "Carrier-level" broker is coming! GTJA and Haitong Sec will merge and reorganize.
Nio Inc: In the second quarter, revenue increased by 98.9% year-on-year, and the loss narrowed significantly by 16.7% year-on-year; Greentown China's sales in the first 8 months exceeded 160 billion yuan; SHK PPT's profit dropped by approximately 20% in the last fiscal year.
At least 10 senior executives of listed banks are optimistic. Has the net interest margin really bottomed out? Fitch raised objections: LPR may be further reduced.
In the second quarter of 2024, the net interest margin of commercial banks was 1.54%, showing signs of stopping the decline for the first time. Recently, several listed banks' executives have also publicly stated that there are signs of stabilization or a slowdown in the decline of the net interest margin, injecting a strong boost into the market. Huayu Ratings recently stated, "It is too early to determine whether the net interest margin has bottomed out. The government may further lower the LPR to reduce loan costs.
Many major bank apps have launched the "Existing Home Loan Interest Rate Adjustment" function? In fact, it was introduced last year, and on the eve of the traditional busy season for property sales, the 37.8 trillion silver stock housing loans have once a
①The application port for the adjustment of the existing house loan interest rate was set for the unified adjustment of the existing house loan interest rate last year, not the latest launch. ②Refer to the reduction of existing house loan interest rates in August-September last year, and there is also a possibility of reducing existing house loan interest rates in the future. ③Based on the scale of existing house loans in the second quarter of 2024, which reaches 37.8 trillion yuan, the maximum amount of house loan interest that the residential sector needs to repay each year may be reduced by about 300 billion yuan.
Head insurance asset management profit remained stable with slight increase in the first half of the year, but the industry is generally concerned about increased pressure in the second half of the year. "Stocks and bonds both face challenges."
① According to multiple insiders in the insurance asset management industry, the investment performance of various institutions in the bond market improved in the first half of the year. However, the subsequent challenges of the stock and bond markets will test the investment capabilities of these institutions. ② Some industry experts pointed out that currently, it is difficult to invest in non-standard (products). The latest data shows that the business of innovative products in insurance asset management contracted in the first half of the year, and the issuance of non-standard bond rights is still in a downward trend.
Hong Kong stock opportunities tracking | The expectations of a Fed rate cut are becoming stronger! Institutions say it may help attract inflows into the Hong Kong stock market; The "Xiaopeng Series" flying autos are here, with a price of no more than 2 mi
china shenhua energy's two subsidiaries have obtained approval for two projects involving over 26 billion yuan; Shenergy Group: about 0.37 billion shares were forced to be sold, and it will resume trading on September 4th.
The six major state-owned banks led the decline, and the expectation of interest rate cuts for existing home loans dealt a heavy blow to the banking sector. As the window period for September real estate policies approaches, how to balance the 200 billion
①As of the closing, 40 out of 42 listed bank stocks fell. The banking sector led the decline in all sectors, with the six state-owned banks leading the decline in the banking sector; ②Several interviewees told reporters that the decline in bank stocks today is partly due to the increasing expectations of rate cuts for existing home loans in the market; ③Estimates by China International Capital Corporation show that assuming the average mortgage interest rate is reduced by about 60bp, it is estimated to reduce borrowers' interest expenses by approximately 240 billion yuan per year.
During the first half of the year, while 1,126 bank branches closed, the number of branches for the six major state-owned banks increased slightly by 700, with Agricultural Bank of China alone adding over 800.
Based on the data from the semi-annual reports of listed banks, according to the statistics by Caijing News, the overall number of network points of the six state-owned banks is about 1.056 million, which has still increased by about 700 branches compared to the beginning of the year. According to the data from the official website of the China Banking and Insurance Regulatory Commission, about 1,126 subordinate branches of commercial banks announced their closure in the first half of this year, which means that although state-owned major banks are expanding against the trend, the steady contraction of bank branches is still the mainstream.
The list of gold stocks in September has been released! The Fed's rate cut may improve the liquidity of Hong Kong stocks, and institutions are supporting network technology stocks.
Huitianfu Fund believes that due to the significant impact of global capital liquidity and market risk preferences on Hong Kong stocks, the Fed's interest rate cut combined with the recent appreciation of the RMB is a major bullish factor for the Hong Kong stock market.