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during the national day holiday, the mainland market was closed. hong kong stocks surged, and mainland investors also rushed to enter the market. "i heard that some people came to hong kong to open securities accounts!" a hong kong insurance agent told a securities times reporter that there was a strong demand for bank insurance account openings during the national day period, and it was difficult to get an appointment to open an account at the bank.

after the hong kong stock market opened in the afternoon, the banking sector rebounded. among them, the city commercial bank sector strengthened significantly, and shengjing bank rose by more than 204% during the session.

hong kong-listed city commercial banks soared

on the 3rd, the hong kong banking sector rebounded after falling more than 2%, closing down 0.36%. after the market opened in the afternoon, there were changes in the mainland city commercial bank sector, with shengjing bank rising by more than 204% during the session. as of the close, it rose 95.65%.

among the larger increases were jiangxi bank, which rose more than 70% during the session and rose 35.71% as of the close. zhongyuan bank rose 20%, gansu bank rose 16.94%, and harbin bank rose 10.26%.

hong kong banks are busy opening securities accounts on november 1

the mainland market was closed during the national day holiday, hong kong stocks soared, and investors rushed to enter the market.

"i heard that some people came to hong kong to open securities accounts!" a hong kong insurance agent told a reporter from the securities times that hong kong banks were extremely busy during the national day period. many mainland customers took advantage of the holidays to come to hong kong to open bank accounts. the purpose is to buy insurance and conduct securities transactions.

banking services in hong kong usually require an online appointment first. "if you make an appointment in advance, you don't have to queue up on site. the key is that if you can't make an appointment, you won't have a number!" she said.

according to the china times, as of october 2, all appointments for account opening applications at bank of china hong kong during the national day period have been filled; appointments for nanyang commercial bank on october 3 and 4 have also been filled, and the earliest date for account opening is october 5 ; as for hang seng bank, except for the johnston road branch, which can make appointments from october 5, the fastest appointment date for account opening at other branches of the bank is after october 7. at the same time, some banks deliberately extended their working hours during the national day. for example, hang seng bank usually only opens on saturday morning, but on october 5 (saturday), in order to meet the needs of customers to handle business during the national day golden week, the business hours of its six branches were extended to 4 p.m. half past o'clock.

in response to the recent performance of the hong kong market, standard chartered said that the current valuation of the hang seng index is still reasonable and investor positions are still low. the bank may continue to be cautiously optimistic about the recent momentum. it is recommended to pay attention to the opportunistic strategies of chinese and american stocks and deploy high dividends. non-financial state-owned enterprise stocks, mainland consumer discretionary, technology, communication services stocks and other policy-beneficiary stocks, as well as us communication services, technology stocks, large bank stocks and health care stocks, etc.