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a-shares are too hot: the shanghai stock exchange index stands at 3,200 points, and some trading software crashes! real estate brokerage firms surge across the board

2024-09-30

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on the last trading day before the holiday, a-shares and hong kong stocks continued to rise sharply.

among them, in terms of a-shares, the shanghai stock exchange index opened 3.47% higher, the shenzhen stock exchange component index opened 4.58% higher, the gem index opened 5.77% higher, and over 200 stocks opened higher by more than 9%.

as of press time, the shanghai stock exchange index stood at 3,200 points, the shenzhen component index stood at 10,000 points, and the gem index exceeded 2,000 points. within 10 minutes of the opening, the transaction volume in shanghai and shenzhen stock markets was nearly 480 billion yuan.

stock etfs across the market continue to soar. so far, 36 etfs have increased by more than 10%, and 134 etfs have increased by more than 9%.

in addition, hong kong's hang seng index opened up 2.63%, and the hang seng technology index rose 4.38%.

according to the news, the 2024 third quarter (total 106th) regular meeting of the monetary policy committee of the people's bank of china was held in beijing on september 25. the meeting pointed out that it is necessary to effectively implement various existing structural monetary policy tools, promote the implementation of new instruments such as securities, funds, insurance company swap facilities and stock repurchases, holdings, and re-lending, and maintain the stability of the capital market; promote technological innovation and the process of technological transformation and refinancing will be strengthened, and financial support for large-scale equipment updates and trade-in of consumer goods will be increased.

recently, the china securities regulatory commission held a party committee (enlarged) meeting. the meeting emphasized that we must focus on the implementation of the guiding opinions on promoting the entry of medium and long-term funds into the market, seize the key to improving capital supply, vigorously develop equity public funds, continue to increase the scale and proportion of equity funds, and strive to create long-term stability for investors. income. it is necessary to implement classified policies to open up the blocking points for all types of medium and long-term funds to increase their entry into the market, and accelerate the improvement of the policy system of "long-term money and long-term investment". we should make greater efforts to improve the quality and investment value of listed companies, implement the newly released "six mergers and acquisitions", and launch a number of typical cases as soon as possible in terms of promoting industrial integration and resource optimization allocation, and better serving the development of new productive forces. , promptly issue market value management guidelines for listed companies and support listed companies in making good use of policy tools. it is necessary to strengthen cross-ministerial coordination and actively cooperate to promote the implementation of relevant monetary policy tools such as swap facilities for securities, funds and insurance companies, and special re-lending for stock repurchases and holdings. at the same time, we insist on doing everything we can, and further plan and launch more pragmatic and effective policies and measures in a timely manner on the investment side, the asset side, and the protection of small and medium investors, so as to enhance the inherent stability of the capital market and better help stabilize the economy, market, and stable expectations.

in terms of sectors, the real estate sector exploded across the board. the real estate services sector soared by more than 9% at the opening, special services rose by more than 10%, and i love my home, world union bank, etc. hit their daily limit.

the real estate development sector rose nearly 8%, with more than 10 stocks including china fortune land development, oct a, and gemdale group reaching their daily limit.

on the news, on september 29, the people's bank of china issued an announcement to improve the interest rate pricing mechanism for commercial personal housing loans. at the same time, the central bank guided the market interest rate pricing self-discipline mechanism to issue the "initiative on batch adjustment of existing home loan interest rates", clarifying that in principle, all commercial banks should unify the interest rates of existing home loans (including first homes, second homes and above) before october 31, 2024. implement batch adjustments.

at the same time, the central bank and the state administration of financial supervision jointly issued the "notice on extending the period of certain real estate financial policies", extending the applicable period of the reasonable extension policy for existing financing and the operating property loan policy in the original "16 financial articles" to december 2026. march 31st. the central bank and the state administration of financial supervision also issued the "notice on optimizing the minimum down payment ratio policy for personal housing loans", clarifying that at the national level, for households purchasing housing with loans, commercial personal housing loans will no longer distinguish between first and second homes. the minimum down payment ratio is uniformly no less than 15%. in addition, the central bank also issued a notice stating that it will increase the proportion of affordable housing re-loans to financial institutions from 60% of the loan principal to 100%.

brokerage stocks continued to strengthen, with the sector rising by more than 9%. as of press time, oriental fortune has risen nearly 20%, and many stocks such as tianfeng securities and guohai securities have reached their daily limit.

it is worth mentioning that on the morning of september 30, netizens posted that the market interface of the golden sun app under guosen securities was blank and unable to trade. an investor called guosen securities customer service for consultation. the customer service said that the trading software crashed because the order was too large. at present, securities firms such as peer merchants and huatai are also experiencing similar problems. investors can dial 95536 to place orders over the phone.