Hong Kong and A-shares are in high spirits! How much room is left in the market under the new round of policies?
Interest rate-sensitive growth stocks, export chains driven by usa real estate demand, Hong Kong stocks local dividends and real estate, all show greater resilience in this round of rise.
Cui Dongshu predicts that mainland automobile retail sales will reach 22.3 million vehicles this year, indicating that mainland automobiles will not be 'choked'.
China Passenger Vehicle Market Information Joint Secretary-General Cui Dongshu stated at the 'World New Energy Automobile Conference' that mainland China's retail sales volume of automobiles is expected to reach 22.3 million vehicles in 2024, with a 3% annual growth rate. The retail sales volume of new energy passenger vehicles in mainland China is expected to reach 10.4 million vehicles, with a 34% annual growth rate. At the end of last year, the China Passenger Car Association estimated that the mainland's retail sales volume of passenger vehicles in 2024 would be 22.2 million vehicles. In addition, Cui Dongshu mentioned that China plays an important role in the rapid transformation of global new energy automobiles, believing that China's automotive industry will not be 'neck and neck' as the mainland's supply chain has a strong foundation in consumer electronics.
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Express News | Ishares MSCI China ETF up 2.2%
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Shorts liquidation! Foreign funds crazily rushing into call options, the slogan of 'bullish on China' echoing on Wall Street.
Last week, everything about the Chinese stock market seemed to have changed. Looking at the international markets, the Wall Street investment banks and hedge fund institutions, who have long been cautious about the Chinese stock market, suddenly turned overwhelmingly bullish on Hong Kong stocks and A-shares, with a collective voice of "long China" echoing through Wall Street.
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Citi Maintains Li Auto(LI.US) With Hold Rating, Raises Target Price to $29.6
Express News | Li Auto Inc : Citigroup Raises Target Price to $29.6 From $25.5
Express News | IQIYI Shares up 12%, Gaotu Techedu up 12.4%, HUYA up 5.9%, TAL Education Group up 10.9%, New Oriental Education & Technology Group up 6.3%
Express News | Alibaba Shares up 5%, Bilibili up 8.5%, Li Auto up 7.8%, JD.com up 7.2%, PDD Holdings up 5%
Express News | U.S.-Listed Shares of Chinese Cos Rise Premarket as Domestic Stocks Extend Rally
Hong Kong stocks surge | Auto stocks collectively rise, Cui Dongshu expects a 34% year-on-year increase in domestic new energy passenger vehicle retail sales, with the continuous effort of the trade-in policy.
Auto stocks collectively rose, as of the time of publication, nio inc-SW (09866) rose by 16.48%, trading at 56.2 Hong Kong dollars; xpeng-W (09868) rose by 13.82%, trading at 33.35 Hong Kong dollars; li auto inc-W (02015) rose by 9.07%, trading at 108.8 Hong Kong dollars; guangzhou automobile group (02238) rose by 5.94%, trading at 3.03 Hong Kong dollars; byd company (01211) rose by 3.77%, trading at 286.2 Hong Kong dollars.
Market Chatter: Number of Chinese-Made EVs Sold in Europe Tumbles 48%
Express News | Hong Kong auto stocks continued to rise in the afternoon, with NIO Inc. up more than 21%, Xpeng, Evergr Vehicle, Leapmotor up more than 12%, and Li Auto Inc. up nearly 10%.
Mainland new energy vehicle sales are expected to increase by over 30% year-on-year, nio inc's stock price soared nearly 20%.
① How to evaluate the impact of European and American sanctions on the new energy vehicle industry? ② What is the reason for the rise in nio inc's stock price?