Hong Kong stocks surged for the fourth day and broke through the top again, with southbound funds buying 500 billion yuan explosively within the year. Northbound funds went on a shopping spree in September, selling Alibaba and Meituan, as well as Tencent.
In September, the amount of southbound funds inflow was 30 billion Hong Kong dollars, showing a slight decrease compared to the previous month, but still maintaining a trend of net fund inflow for 15 consecutive months.
Daily Bull and Bear | Hong Kong stocks rise against the trend! Hang Seng Index futures skyrocket to 20,600 points; Alibaba's three-day surge exceeds 12%, call warrants profit by 5.5 times.
On Thursday, the Hang Seng Index closed sharply up 795 points, reaching a high of 19,954 and a low of 19,176, closing at 19,924. At night, the Hang Seng Index futures (September) continued to be strong, closing at 20,681 points, up 553 points or 2.75%, with a high of 756 points.
The central bank has launched two measures at the same time! The reserve requirement ratio is reduced by 0.5 percentage points, and the 7-day reverse repurchase operation interest rate is lowered by 20 basis points.
Starting from September 27, 2024, the reserve requirement ratio for financial institutions is reduced by 0.5 percentage points. After this reduction, the weighted average reserve requirement ratio for financial institutions is approximately 6.6%.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
The Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work
The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and deploy the next economic work. ****, General Secretary of the CPC Central Committee, presided over the meeting.
Futu Morning Post | S&P hits new high for the 41st time this year! Goldman Sachs: October volatility may rebound; Significant cooling in the labor market, Federal Reserve officials support further rate cuts.
usa mortgage rates fell again, triggering a large-scale refinancing wave; The US House of Representatives passed a short-term funding bill to keep the government from shutting down before December 20; OECD has raised its global economic growth expectations, forecasting a 3.2% GDP growth rate for the global economy in 2024.
Investigation revealed that part of the foundation of Xiaomi's second-phase automotive factory has been completed, or they may invest over 0.2 billion yuan to acquire land for further expansion.
① Xiaomi's second-phase autos factory has entered the construction phase, with partial foundation work completed in the current stage of development; ② The industrial project at Block 0106, Yizhuang New City, Peking, was transacted at 0.84 billion yuan, with the winning bidder being Xiaomi Jingxi Technology Co., Ltd; ③ The industrial project at Block 0108, Yizhuang New City, Peking, involving state-owned construction land use rights, was also publicly listed.
The reduction in reserve requirements is bullish and stimulating, the Hong Kong stock market's ten consecutive days of rising momentum is unstoppable! Multiple sectors are collectively surging, is the bull market here?
Affected by this news, the Hang Seng Index, the Hang Seng Technology Index, and the Hang Seng China Enterprises Index all rose by more than 2%, with the Hang Seng Index expected to challenge a "ten consecutive gains".
Xiaomi Urges India's Competition Regulator to Recall Report on Walmart's Flipkart - Report
Express News | Xiaomi's stock price hits a new high in nearly three years.
Institutions: After the Fed interest rate cut, how much room does the Hong Kong stock rebound have?
Due to its greater sensitivity to external liquidity and the linked exchange rate system, Hong Kong has greater short-term flexibility, following interest rate cuts and other factors.
The European Union car market is clouded: new car sales in August hit a three-year low, with EV sales down 43% year-on-year.
1. The new car sales volume in the European Union in August fell by a staggering 18.3% year-on-year, dropping to the lowest level in three years; 2. The European Automobile Manufacturers' Association stated that the sales of full electric vehicles in the European Union in August decreased by 43.9% year-on-year, marking the fourth consecutive month of decline.
Futu Morning News | The Federal Reserve cuts interest rates by 50 basis points, and the US stock market sees a roller coaster market! Powell: Don't think this is a new pace of interest rate cuts.
"Fed Horn": The Federal Reserve is actually making up for lost time; Polls: Harris leads Trump in swing states Pennsylvania and Michigan; Apple is up nearly 2%, and Morgan Stanley is expected to take over its credit card project from Goldman Sachs.
US stock market outlook | The Federal Reserve interest rate meeting is coming tonight; pre-market soaring nearly 53%! US space concept stock LUNR secured nearly $5 billion in contracts.
Apple has been surpassed by Xiaomi again after 3 years, falling to the third largest mobile phone brand in the world in August; United States Steel rose nearly 4% in pre-market trading, and the CEO said he is confident that the acquisition deal will eventually be approved by the US government; Another major bank is strongly bullish on gold: it will rise to $2900 next year.
Apple was surpassed by Xiaomi again after 3 years and fell to the third largest smartphone brand globally in August.
①Last time, Xiaomi surpassed Apple in monthly statistics, which happened in 2021; ②As usual, Apple will experience a sales boom after the release of new phones in September, and is expected to quickly regain its global market share; ③Reservation data also shows that there is obvious hesitation among users of Apple's highest-end models this year, which is probably not a good sign in the increasingly competitive high-end smartphone market.
Cui Dongshu, Secretary General of the China Passenger Car Association: The 'Autos to the Countryside' policy needs to be strengthened rather than suppressed.
In 2024, China's auto market retail achieved the expected strong start, followed by a sharp divergence between electric vehicles and gasoline vehicles. From January to August 2024, the retail sales of electric vehicles reached 6.01 million units, showing a relatively strong trend with a 35% increase, close to the 36% growth rate in 2023.
Express News | The United States has decided to impose additional tariffs on Chinese products, with a 100% increase in tariffs for electric cars.
Counterpoint Research: The global television shipment reached 56 million units in the second quarter, an increase of 3% year-on-year.
The latest global television tracking report released jointly by Counterpoint Research and DSCC.
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.
CINNO Research: In the first half of the year, China's new energy industry investment reached 2.1 trillion yuan, a 57% year-on-year decrease.
According to the statistics from CINNO Research, the total investment in China's (including Taiwan) new energy projects from January to June 2024 reached 2.1 trillion RMB, a decrease of 57.1% compared to the same period last year.