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china fund news reporter chen xi

hello everyone! it's friday again. let's pay attention to the market conditions and the latest information in the morning~

first, let's look at the central bank's news: the people's bank of china authorized the national interbank funding center to announce that the loan market benchmark rate (lpr) on september 20, 2024 will be: 1-year lpr is 3.35%, and lpr for more than 5 years is 3.85%. in other words, the lpr in september will remain unchanged, and the interest rates for 1 year and more than 5 years will remain unchanged.

zhou maohua, a macro researcher at the financial market department of everbright bank, believes that the lpr rate remained stable in september, mainly because the bank's net interest margin pressure was too high, and the policy interest rate (7-day reverse repurchase rate) remained unchanged. the lpr rate was significantly reduced twice in february and july this year. commercial banks need some time to evaluate the specific impact and effect of the lpr rate reduction. at present, the net interest margin pressure of banks is generally large. at the same time, the interest rate anchor remains stable. in addition, there are certain constraints in adjusting bank deposit interest rates.

in addition, on september 20, the people's bank of china conducted a 7-day reverse repurchase operation of 571.9 billion yuan in a fixed interest rate and quantity bidding method, with an operating interest rate of 1.70%. wind data showed that a total of 236.2 billion yuan of reverse repurchases matured on that day.

back to the a-share market, the three major indexes opened lightly in the morning: the shanghai composite index was at 2734.23 points, down 0.07%; the shenzhen component index fell 0.1%, and the chinext index rose 0.02%. in the morning, the main market indexes collectively turned red, and the chinext index fell more than 1%.

in the morning, the consumer electronics sector rose, and huawei concept stocks rose collectively, with huawei hongmeng, huawei kunpeng, huawei hms, etc. rising; the agriculture, aerospace and military industry, and pharmaceutical sectors were sluggish, with cssc, cro, and photovoltaics among the top losers.

the main hong kong stock indices opened with mixed gains and losses: the hang seng index rose 0.31%, the hang seng technology index fell 0.06%, and the hang seng china enterprises index rose 0.18%. in the morning, hong kong stocks took an independent approach, with the hang seng technology index rising more than 2%; xpeng motors soared more than 10%, leading the hang seng technology index.

see the details——

huawei concept stocks are repeatedly active

on the morning of september 20, concepts such as consumer electronics oem, huawei hongmeng, huawei hms, and huawei kunpeng collectively rose.

in terms of individual stocks, yinzhijie hit the 20cm daily limit, nantian information hit the daily limit for 4 days in 5 days, guohua network security hit the daily limit for 3 consecutive days, and many stocks such as fuji electronics, xinju network, and changshan beiming hit the daily limit.

the 9th huawei connect conference was held from september 19 to 21, with topics including hongmeng ecosystem construction and native development. according to previous reports, huawei's fully independently developed, natively secure, and natively intelligent hongmeng system harmonyos next will be officially released at the end of september this year.

the computer team of open source securities believes that kunpeng and ascend, as the foundation of comprehensive intelligence, have built a leading and reliable basic software and hardware platform with partners through open source and openness. according to the data of the kunpeng ascend developer conference 2024, more than 6.1 million developers, more than 6,700 partners, and more than 18,700 solution certifications have been developed. we are optimistic about the rising trend of huawei ascend and kunpeng computing industries, and suggest paying attention to investment opportunities in ecological partners.

baobian electric 9 boards on the 13th

on september 20, baobian electric's stock price reached the daily limit during the bidding phase, with the share price at 11.12 yuan per share, an increase of 9.99%. as of press time, baobian electric's first-place bid exceeded 560,000 lots.

in early september, baobian electric released a notice that its controlling shareholder was planning a major event, saying that its controlling shareholder, china north industries group corporation, was integrating its power transmission and transformation equipment business with china national electric equipment group corporation, which might lead to a change in its controlling shareholder. since then, baobian electric's stock price has continued to rise, recording 9 daily gains in 13 days.

yesterday evening, baobian electric issued an announcement on abnormal stock trading fluctuations, stating that the integration of the power transmission and transformation equipment business between china north industries group corporation and china electric equipment corporation is still in the planning stage. the relevant plan still needs to go through the internal decision-making procedures and obtain approval from the relevant competent authorities. the relevant matters are uncertain.

at the same time, baobian electric's stock price has increased by 127.7% since september, and its turnover rate has reached 115.99%. as of the close of september 19, 2024, the company's stock closing price-to-earnings ratio (ttm) was -130, and the price-to-book ratio was 35.21, which is much higher than the price-to-book ratio of 2.18 in the same industry. baobian electric said that the company's stock has risen sharply in the short term, the turnover rate has fluctuated greatly, and the price-to-book ratio is high, which may pose a risk of stock price speculation. investors are advised to pay attention to investment risks and invest rationally.