news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

hong kong stocks rose sharply at the start of october, with the hang seng index closing up 6.2% and the hang seng technology index up 8.53%. in the absence of southbound funds, the market's transaction volume still exceeded hk$430 billion, ranking the third highest in history. domestic real estate stocks and domestic brokerage stocks soared.

at the same time, ftse china a50 index futures also rose sharply. as of press time, it rose 7.48%.

chinese concept stocks and u.s. stocks generally rose sharply before the market opened. xpeng motors rose more than 10%, li auto rose more than 9%, nio rose more than 7%, and alibaba rose nearly 5%.

it is worth noting that the asia-pacific indexes such as the nikkei 255 and the korea composite index all experienced adjustments, falling 2.18% and 1.22% respectively as of the close.

hong kong stocks surge

chinese real estate stocks soared collectively. ronshine china rose by more than 397%, agile group rose by more than 160%, shimao group rose by more than 153%, and more than 10 chinese real estate stocks rose by more than 100%.

the wind chinese brokerage index rose 35.49%, hitting a record high. huarong financial holdings once soared by more than 460%, but fell back to 412.5% ​​at the close. china merchants securities rose more than 81%, citic securities rose more than 39%, and shenwan hongyuan rose more than 33%.

hong kong stock china financial investment management rose more than 960% in late trading and closed up 730.77%.

some analysts pointed out that the a-share and hong kong stock markets are booming, with transaction amounts both hitting record highs, and brokerages may be the first to benefit. the brokerage sector has been suppressed a lot before, and the overall valuation is also low, which has led to a relatively rapid rebound in this round of market conditions.

cicc believes that securities companies are currently facing three major aspects of catalysis: first, the emotional catalysis of macroeconomic and fiscal and monetary policies (especially focusing on fiscal intensity); second, the catalysis of capital market-related reforms (such as stabilization fund policies, securities funds the implementation of detailed rules for swap facilities between insurance companies and the central bank, etc.); third, the event catalysis of mergers and acquisitions and integration within the industry. regarding the issue of market continuity that is currently of great concern to the market, institutions believe that the intensity and speed of market interpretation may exceed market expectations. brokerage stocks are the core beneficiary sector of this policy shift and are expected to be catalyzed by the positive policy shift + liquidity improvement. stronger market-sensitive attributes.

the csop science and technology innovation board 50 index etf listed on the hong kong stock exchange soared 234.3% during the session today. csop issued a risk warning during the session, saying that the fund manager reminded shareholders of the csop science and technology innovation board 50 index etf related market transaction risks. including but not limited to substantial premiums on secondary market prices. as of september 30, the net asset value per share of the sub-fund was rmb 7.4243. the announcement stated that investors should exercise caution when trading a-share etfs, especially when the mainland securities market is closed during the national day holiday.

as of the close, the fund's gain narrowed to 28.79%.

data show that the southern science and technology innovation board 50 index brings together 50 securities with large market capitalization and good liquidity on the science and technology innovation board, reflecting the overall performance of the most market-representative science and technology innovation companies. the index focuses on the flagship leaders of "hard technology", covering high-tech industries such as electronics, computers and medicine, and is highly in line with the national strategic science and technology development direction. ‌southern science and technology innovation board 50 etf is managed by southern fund and was established on december 10, 2021. the fund manager is gong tao.

many institutions believe that bull market opportunities should be seized

looking back at the historical data of a-shares, the probability of achieving a "good start" on the first trading day after the national day is relatively high. many brokerage institutions believe that the center of the a-share market is expected to continue to move upward in october.

dalio, founder of bridgewater associates, said on monday that this round of economic stimulus measures will be a historic turning point. considering that chinese assets are still very cheap, multiple factors have jointly ignited the market's "animal spirit" (animal spirit), and a large number of investors have enter the market and buy the dip.

qianhai kaiyuan yang delong commented on his previous views on weibo, saying that he would seize the opportunity of the bull market. yang delong previously said, "multiple policy benefits have completely reversed market expectations, and the bull market has become more and more intense." "everyone must maintain confidence and patience. judging from monday's market, brokerage firms and the liquor sector are still the main forces leading the rise, and many sectors have experienced daily limit rises. , indicating that the level of this market is relatively large, and it may even produce a bull market. it is recommended that everyone be patient and hold on to high-quality chips at this time, waiting for the market to perform. i believe that investors who are determined to go long will receive better returns in the future development. . after more than three years of downturn, the market has finally ushered in a period of rapid growth. congratulations to all value investors for making a great turnaround.”

chen guo, chief strategist of citic construction investment, believes that this round of confidence revaluation is bullish, and low pb companies in the chinese stock market will be systematically revalued, especially when the market confirms its confidence in the bottom line of china's economic and financial system and the absence of systemic risks, confirming if china is confident that it can overcome the deflation of the debt cycle, then the chinese stock market will no longer let everyone see that there are still a large number of central state-owned enterprises that have broken net or even lower pb.

chen guo previously stated in a conference call that this market is a rare market that combines three factors: upward revision of profit expectations, falling risk-free interest rates, and rising risk appetite, so it is not a simple oversold rebound. in fact, the increase in the hong kong stock index can be considered to have established a bull market in a general sense, and the a-share market under similar background and logic can be considered to be a bull market. taken together, there is still some room for growth in china's stock market.