news

october 7,
hong kong stocks continued last week’s upward trend,
as of closing,
the hang seng index rose 1.6% to stand firm at 23,000 points.
hitting a new high since february 2022,
the hang seng technology index rose 3.05%.

from a sector perspective, pharmaceuticals, securities firms, and semiconductors were among the top gainers.as of the close, smic rose 22.49%, cicc rose 23.63%, china merchants securities rose 28.78%, citic securities rose 10.41%, and hua hong semiconductor rose 16.07%.

financial secretary paul chan mo-po of the hong kong sar government published a secretary's essay on the hong kong sar government website yesterday, saying that entering the fourth quarter of 2024, the overall market sentiment has improved significantly, and the hang seng index has risen to a high of about two and a half years. in the past 15 trading days the cumulative increase exceeds 5,600 points, an increase of 33%. the performance of some investment products with a high proportion of hong kong stocks also increased. taking mandatory provident fund investment as an example, a research institution reported that the outstanding performance of hong kong stocks in september contributed to the overall return of mandatory provident fund funds in the third quarter exceeding 7%, which was the best quarter in the past two years.

chan mo-po said that it can be expected that the rebound in market conditions and investors' cautious optimism about the market outlook will push many companies to speed up the process of listing in hong kong, including many innovation and technology companies; it will also encourage more companies to settle in hong kong.

a shares attract attention

the “two-in-one” business of offline account opening is booming

during the national day holiday, for many new and old investors, the stock market trend and industry popularity have become hot topics of discussion. many investors handle account password retrieval, margin trading and securities lending consultation and other services during the holidays.

mr. liu, a stockholder from beijing, said,since i chose to hold stocks before the holiday, the thing i look forward to most during the national day holiday is the opening of the a-share market.

although a-share discussions are very popular, most investors, especially veteran investors, have their own views on risks and returns.

mr. song, a shenzhen stockholder said, when investing in stocks, you should not just consider making money, you must invest within your own capabilities.

exchanges, brokerages

centralized network customs clearance testing in preparation for market opening

although the a-share market is closed during the national day holiday, major exchanges and brokerages did not take a break. following the test on september 29, the shanghai stock exchange launched another network-wide test today (7th). in addition to exchanges, major brokerages across the country are also conducting intensive gateway testing during the market break to cope with the large number of account opening applications and transaction orders after the holidays.

reporters learned in beijing, shanghai, shenzhen and other places that many securities companies’ information technology, operations, customer service, online finance and other back-end operation and support departments were working overtime to prepare for the post-holiday market opening.

the reporter came to the telephone customer service center of a securities company in beijing. hundreds of workstations here were occupied, and telephone services were provided in shifts 24/7. it was even busier than usual.

the number of account openings at major securities firms hit a record high during the holidays.online account opening consultations are overwhelmed, and offline investment consulting "two-in-one" is in full swing. some brokerage sales departments even urgently deploy support from other provinces.

li chao, chief economist of zheshang securities, believes that the sharp rise in hong kong stocks during the holidays was mainly due to the expected reversal and improvement of domestic policies. there is still room for increasing fiscal policy in the future, and market risk appetite will continue to significantly improve; residents' savings and foreign investment are expected to become incremental funds for the two markets in the future. a-share hong kong stocks are expected to resonate and continue to strengthen after the holiday. a-shares focus on highly elastic sectors such as gem and science and technology innovation 50.

debon securities released its overseas market weekly report and believes that october has entered a stage of high uncertainty, with u.s. interest rate cuts expected to be repeated, the situation in the middle east likely to escalate further, and the asia-pacific market ushering in new variables. against this background, it is recommended that the offensive end of global asset allocation be focused on hong kong stocks, a-shares and other rmb assets, while the defensive end should focus on u.s. stocks, japanese stocks, crude oil, and gold.

new account opening during national day

available for trading only on october 9th

the reporter learned that according to previous work arrangements, china clearing will officially resume opening unified account platform and identity information verification system and other channel authority from october 7, including providing identity verification photo return function and supporting online account opening review.

among them, in order to continue to meet the demand for account opening, the identity information verification system feedback will be extended by 3 hours than usual, and the rest will be closed according to normal times.

it is worth mentioning that on october 6, china clearing has opened the unified account platform and review system in advance, and in order to meet the needs of investors for account opening, the opening hours of the day have been temporarily increased to the evening hours.

according to analysis by industry insiders, the backlog of demand for account openings before and during the holidays has been alleviated due to the overtime work of supervision and brokerage firms.

it is worth noting thatfor newly opened securities accounts that submitted applications from october 1 (tuesday) to october 8 (tuesday), they can only be used for trading from october 9 (wednesday).

source: guangzhou daily comprehensive cctv news, cctv.com, financial news agency, china fund news