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Hua Chuang Securities interprets the December Politburo meeting: five unexpected points.
① The first expectation exceeded - the economic development goals for the entire year of 2024 will be achieved. ② The second expectation exceeded - stabilizing the stock market and real estate market. ③ The third expectation exceeded - the monetary policy is set to undergo a significant change over the next decade. ④ The fourth expectation exceeded - strengthening "extraordinary" counter-cyclical adjustments. ⑤ The fifth expectation exceeded - expanding domestic demand ranking is advanced, and the保障民生保障 is intensified.
Bullish surprise! A50 and Hong Kong stocks surged, china assets etf collectively skyrocketed, and the 3x long FTSE china etf jumped nearly 18% in pre-market trading.
Just now, the Hong Kong stock market surged sharply, with the hang seng tech index rising over 4% and the hang seng index increasing by 2%. The ftse china a50 index futures also surged, at one point rising over 4%.
The Political Bureau of the Central Committee of the Communist Party of China: Implement more proactive macro policies, expand domestic demand, promote the integration of technology innovation and industrial innovation, and stabilize the real estate and s
The Political Bureau of the CPC Central Committee held a meeting on December 9 to analyze and study the economic work in 2025; listened to the work report of the Central Commission for Discipline Inspection and State Supervision Commission, and discussed the arrangements for the party's work style and anti-corruption work in 2025. General Secretary of the CPC Central Committee **** presided over the meeting.
JPMorgan's rating: Maintain a cautious optimistic attitude towards the financial industry. Most optimistic about Futu, HSBC, and Standard Chartered.
Grants 5th of December | JPMorgan issued a report stating that it maintains varying degrees of cautious optimism towards the financial industry as a whole, with particular optimism towards Futu, HSBC Holdings, and Standard Chartered. JPMorgan believes that BOC Hong Kong and Hang Seng Bank have limited upside potential before the announcement of their performance in the 2024 fiscal year. The bank noted that the mainland banking industry is mixed, with the resistance brought by the narrowing net interest margin in 2025 possibly being partially offset by the recovery of retail business and loans. For Hong Kong banks, potential obstacles include tariffs, continued interest rate cuts, and commercial property in Hong Kong, while the highlight is the growth in service fee income, indicating potential upside for shareholder returns.
China Renaissance Maintains a "Buy" Rating on Futu Holdings, Raising the Price Target to US$134.80
On November 20, China Renaissance released a research report maintaining a "Buy" rating on Futu Holdings and raising the target price from US$127.50 to US$134.80. China Renaissance pointed out the
Jefferies Maintains "Buy" Rating on Futu Holdings, Raises Target Prices to $109.20