This week's Hong Kong stock bull | The "WeChat Mini Store" Concept has ignited the Hong Kong stock market! WEIMOB INC has increased by 30% this week; Kingsoft Cloud has surged threefold since November! Benefiting from Xiaomi's Global Strategy.
Low-altitude economy + AI Chip Concept, ZTE accumulated a rise of 14.22% this week; LENOVO GROUP and LEGENDHOLDING both surged! Collaborating with ByteDance to access the Doubao large model.
Express News | The central bank: Steadily promote the reform and development of the stock market.
Express News | The central bank: Implement a moderately loose MMF policy, comprehensively use various MMF policy tools, and maintain ample liquidity.
Express News | The Securities and Futures Commission of Hong Kong met with the China Securities Regulatory Commission executives in Peking.
Hong Kong Stock Market Midday Review | All three major Indexes rose after the holiday, with the Tech Index up over 1%; Xiaomi-Backed, Semiconductors, and Communication Equipment stocks increased, Kingsoft Cloud soared over 33%, ZTE rose over 12%, and Semi
The Network Technology stocks are mixed; XIAOMI-W has risen over 5%, KUAISHOU-W has fallen by 1.39%, Baidu has dropped by 1.11%, JD-SW has decreased by 3.69%, MEITUAN-W has increased by 0.26%, and TENCENT has fallen by 0.24%.
Market overview | The Hang Seng Tech Index rose over 1% at one point, with strong performance in Semiconductors, Semiconductor Manufacturing International Corporation soaring nearly 9%; Xiaomi-Backed stocks collectively surged, Kingsoft Cloud skyrocketing
After the Hong Kong stock market was closed for the Christmas holiday the past two days, it opened normally today, with Technology stocks rising across the board and the Hang Seng TECH Index trending upwards.
In November, the profits of industrial enterprises above designated size across the country decreased by 7.3% year-on-year, with the decline further narrowing.
Although profits of industrial enterprises above a designated size are still in a declining Range, the decline in profits continues to narrow with the ongoing effects of policy combinations, and the overall performance has improved... Although profits of industrial enterprises above a designated size are still in a declining Range, the decline in profits continues to narrow with the ongoing effects of policy combinations, and the overall performance has improved. Among them, the profits of industries related to the 'two new' policies have grown rapidly, and the profits of the Consumer goods manufacturing industry have also increased quickly. On Friday, December 27, the National Statistics Bureau released data showing that in November, the profits of industrial enterprises above a designated size fell by 7.3% year-on-year, with a narrower decline compared to October on last year's high base.
Daily Bull & Bear | The Hang Seng Index returns to 20,000 points! The latest bull-bear street ratio is 59:41; WEIMOB INC rose over 115% on the 4th, with warrants seeing a doubling increase at the highest point.
As of the close of trading, the total market turnover was 84.59 billion Hong Kong dollars, with all warrants and callable bull/bear contracts totaling 6.261 billion Hong Kong dollars, accounting for 7.4% of the market turnover, of which the ratio of long positions was 4.1% and the ratio of short positions was 3.3%.
Futu Morning Report | Apple hits a new high for four consecutive days! Wedbush raises the Target Price to $325; US Small Cap stocks are booming, with Drone and Quantum Computing concept stocks leading the surge.
The number of initial jobless claims in the USA fell to the lowest level in a month last week, but the duration of unemployment has increased; NVIDIA has launched the GB200 NLV4, and the GB300 is expected to be released in March next year; additional upward momentum? MicroStrategy plans to sell more shares to raise funds for purchasing Bitcoin.
Bullish! Fund manager: The Chinese stock market is expected to bring "strong returns," and investment exposure has increased by "more than 10%".
This fund manager has increased the investment exposure to China by more than 10%…
Express News | The National Bureau of Statistics: The revised GDP for 2023 is 129.4 trillion yuan, an increase of 3.4 trillion yuan compared to the preliminary estimate, with a growth rate of 2.7%.
CITIC SEC: The Hong Kong stock market has returned to a period of high dividend growth, and an adjustment of the dividend tax for the Stock Connect is imperative.
From January 1, 2024 to November 30, 2024, the total amount of dividends for all Hong Kong stocks reached 1,225.1 billion yuan, a year-on-year increase of 13%, marking a return to the high growth period of dividends in 2021 and 2022.
Futu Morning Report | Powell's "Christmas gift"! U.S. long-term bond yields hit a seven-month high; Hong Kong stocks continue to be closed for the Christmas holiday today, U.S. stocks open.
The probability of the Federal Reserve maintaining interest rates in January next year is 91.4%; the State Council: Expand the areas of special Bonds investment, incorporating low-altitude economy, computing equipment, and supporting infrastructure into the project capital requirements; in 2024, a "wave of resignations" among CEOs of publicly listed companies in the USA will occur.
How to understand the new policy for the management of local special Bonds? Expert interpretation is here.
It can reduce transit time and avoid "funds and other projects".
Express News | The central bank conducted a 300 billion yuan Medium-term Lending Facility (MLF) operation.
Express News | The time for the national two sessions in 2025 has arrived.
Futu Morning Post | Christmas carnival begins! US stocks closed higher across the board, and Tesla surged more than 7%; OpenAI exploded to consider developing humanoid robots
Large Banks have filed a lawsuit against the Federal Reserve citing a lack of transparency in stress tests; Apple is seeking to defend itself against the billions of dollars paid to Google in the antitrust case regarding search.
Bank stocks have surged for several consecutive days, and the Hang Seng Index has recovered to 20,000 points. Bullish Signals from the fiscal side are favorable for the continuation of the rebound | Hong Kong stock barometer.
① The Hang Seng Index stands above the 20,000-point mark; why is it so strong in the short term? ② The fiscal side releases Bullish Signals; can it help sustain the rebound?
CCTV interprets a more proactive fiscal policy: next year's fiscal funding will be allocated earlier, faster, and in greater amounts.
Next year, a more proactive fiscal policy will be implemented. What measures will the Ministry of Finance take? Where will the fiscal funds be focused? What impact will this have on our lives?
In December, over 80% of IPOs on the Hong Kong stock exchange saw an increase on the first day, with Ma Ge Ping earning a maximum of 2,280 Hong Kong dollars per lot! Bonnie Chan Yi-ting: The Hong Kong IPO market is expected to recover next year.
Since December, 6 companies have been listed on the Hong Kong stock market, with 5 of them rising on their first day, achieving a rise rate of 83.3%.