news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

on september 26, the three major u.s. stock indexes collectively opened higher, with the dow jones industrial average rising 0.56%, the nasdaq composite index rising 0.67%, and the s&p 500 index rising 0.56%. (as of the close, the three major u.s. stock indexes collectively closed higher, with the dow rising 0.62%, the nasdaq rising 0.6%, and the s&p 500 rising 0.4% to a record high.)

the nasdaq china golden dragon index rose 8.80%. as of press time, tal was up 20.37%, gaotu was up 20.96%, new oriental was up 13.43%, beike was up 16.36%, yum china was up 18.6%, baidu was up 6.96%, bilibili was up over 11.17%, and jd.com was up 11.56%. alibaba rose 7.17% and pinduoduo rose 11.37%.(as of closing, in terms of chinese concept stocks, the nasdaq china golden dragon index rose 10.85%, the largest single-day increase since 2022. iqiyi and bilibili rose by more than 15%, jd.com rose by more than 14%, and pinduoduo it rose by more than 13%, xpeng motors rose by more than 11%, vipshop, alibaba, and weibo rose by more than 10%, manbang and baidu rose by more than 9%, tencent music rose by more than 8%, and futu holdings rose by more than 7%. , li auto rose more than 6%, netease rose more than 4%, and weilai rose more than 2%).

boosted by the favorable policy package in china, chinese asset etfs opened higher and expanded their gains. the 3x long ftse china etf-direxion rose by 25%, and the 2x long csi china internet stock etf-direxion rose by more than 24%. , 2 times long csi 300 etf-direxion, 2 times long ftse china 50 etf-proshares rose nearly 17%, kraneshares china overseas internet etf rose 12%, and china large cap etf-ishares rose more than 8%.

the ftse china a50 index futures broke through the 13100.00 mark and were last at 13089.00, up 2.21% on the day.

the rmb continued to rise, with the offshore rmb breaking through the 7.0 mark against the u.s. dollar and trading at 6.9821 as of press time, rising more than 500 basis points throughout the day.

at 22:48 on the evening of the 26th, citic securities research published an article on the company’s official account with only one word in the title: qian.

the article pointed out that the september politburo meeting rarely analyzed the economic situation, the lifeline of the country, involving policies in many fields such as finance, currency, capital market, employment, and private economy.

at the opening in the afternoon, the market rose across the board. all 30 citic first-level industries rose, almost all individual stocks rose, and the daily limit of 100 stocks was exceeded!

the shanghai composite index broke through 3,000 points from more than 2,700 points in just 3 trading days. trading volume once again exceeded one trillion, hitting a new high in the past five months.

the major a-share market indexes all rose by more than 6% this week, with the shanghai composite 50 index rising by 11.86% this week.

the article pointed out that the signal is clear, which can be summed up in one word: do it! the word "qian" is at the forefront, and the people are united. believe in your country and believe in yourself. in fact, every ordinary person is the backbone of china. taking responsibility and forging ahead are the most pragmatic feelings of the chinese people towards their family and country. the national day is coming, give a thumbs up to the country, and remember to give one to yourself. don’t be afraid of difficulties, never lie down, run every small family well, and support the whole country together.

citic securities pointed out in its commentary that according to previous policy rules, the september politburo meeting usually rarely discusses the economy, but this meeting focuses on analyzing the economic situation, which may reflect the importance of decision-makers on increasing macro-control and strengthening counter-cyclical adjustments. the focus of subsequent fiscal policies may be tilted towards benefiting people's livelihood and promoting consumption at the margin. helping low- and middle-income groups and boosting the trend of consumption upgrading may be the focus. the shift in the focus of fiscal expenditures will help improve the efficiency of fiscal stabilization of growth. at the same time, the meeting proposed that "the deposit reserve ratio must be lowered and a strong interest rate cut should be implemented", and the easing of monetary policy may be increased.

the meeting called for promoting the real estate market to stop falling and stabilize, which will logically help reduce the drag on residents' consumption willingness by factors such as falling housing prices and existing mortgage loans. however, considering that the adjustment of the real estate market has a certain inertia, it remains to be seen when the policy will take effect. the meeting emphasized efforts to boost the capital market. in addition to the six m&a and market value management guidelines that have been implemented before, it is recommended to continue to pay attention to the upcoming "guiding opinions on promoting medium and long-term funds to enter the market" and other documents, and continue to improve the "1+n" policy of the capital market. . in terms of employment stabilization policies, it is expected that the employment public service system and the employment support system for key groups such as college graduates will be further improved to better respond to the challenges faced by the current job market.