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the central bank suddenly stepped in to save the market! four major news items of a-shares today impacted the market (9.3)

2024-09-03

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1. the central bank finally took action! in august, the net purchase of government bonds with a face value of 100 billion yuan by "buying short and selling long" helped to adjust the long-term interest rate level.

from the perspective of liquidity, the sudden rescue of the market this time by the central bank has injected 100 billion yuan of medium- and long-term liquidity, which objectively plays a role in supplementing medium- and long-term liquidity without lowering the reserve requirement ratio.

so where did the liquidity go? of course, it went to the a-share market. with net inflows for several consecutive months, the a-share etf market has shown strong appeal in the recent fluctuations.

2. in the electric vehicle race, the competition between two heavyweight players, byd and tesla, is becoming increasingly fierce.

byd's latest earnings report shows that its second-quarter revenue has reached 176.2 billion yuan, almost catching up with tesla's 25.5 billion us dollars. despite this, byd's market value is currently only 725.6 billion yuan.

in comparison, tesla's market value is as high as $684 billion, while byd's market value is less than one-tenth of tesla's. but it is worth noting that the gross profit margins of the two companies are almost the same, with byd's gross profit margin being 18.69% and tesla's being 18%, which shows that byd is not inferior in profitability.