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Express News | Alibaba: Repurchased 3.634 million shares on September 19, with a total investment of approximately 39.9035 million dollars.
Express News | Tencent spent approximately 1.003 billion Hong Kong dollars on the 20th to repurchase 2.58 million shares.
After a long period of accumulation, Hang Seng Technology Index is accelerating its rise! Both Meituan and Alibaba have reached new highs for the year. Is it the right time to make a move?
Under the strong performance of the US stock market, although the interest rate cut may not necessarily lead to a large-scale inflow of global funds into the Hong Kong stock market, at least the upward trend of the RMB exchange rate means that one of the important external factors that has suppressed the Hong Kong stock market for two years has been resolved.
There is no urgent need for a short-term reduction. The September LPR quote remains unchanged, and the industry expects the main policy interest rates to be lowered to promote LPR adjustments within the year.
① The main reason for the stable LPR interest rate in September is the large pressure on banks' net interest margins, and the policy rate (7-day reverse repurchase rate) remains unchanged. ② Taking into account the current economic situation and price trends, the central bank is likely to lower the main policy rate in the fourth quarter, that is, the 7-day reverse repurchase rate, with an estimated downward adjustment of 10 to 20 basis points, which will guide LPR quotes to follow suit.
Midday Recap | Hong Kong stocks continue to surge! The Hang Seng Index is up more than 2%; network technology and automotive stocks are performing well, with xpeng rising by about 10% and alibaba reaching a new high in over a year.
Most network technology stocks rose, with SenseTime leading the gains with a more than 6% increase, Bilibili up nearly 4%, Alibaba up more than 3%, Meituan up nearly 3%, Netease and JD.com up more than 1%, and Tencent up nearly 1%.
Announcement Selection | cspc pharma plans to repurchase up to 5 billion Hong Kong dollars of shares; Sun Insurance: Sunshine Life Insurance premium income from January to August is 66.384 billion yuan
China Railway Signal & Communication Corporation (03969.HK) won a total of approximately 2.9 billion yuan worth of projects from July to August; Tencent (00700.HK) spent 1.002 billion Hong Kong dollars on repurchasing 2.6 million shares on September 19; Alibaba-SW (09988.HK) spent 59.977 million US dollars on repurchasing 5.678 million shares on September 18.