[BREAKING NEWS]

From July 24, mainland investors will not be able to buy A shares through the Shanghai and Shenzhen Stock Connect

According to the official website of the Securities Regulatory Commission, the revised “Certain Provisions on the Mainland and Hong Kong Stock Market Trading Interconnection Mechanism” came into effect on July 25, 2022. Hong Kong brokers are no longer allowed to open new trading rights for mainland investors in Shanghai and Shenzhen Stock Connect. According to the arrangement, the above regulations set a one-year transition period, that is, mainland investors that have opened trading rights for Shanghai Stock Connect and Shenzhen Stock Connect can continue to trade A shares through Shanghai Stock Connect and Shenzhen Stock Connect until July 23, 2023. After July 24, they can continue to sell A-shares held by investors.

This means that starting from July 24 this year, stock investors will no longer be allowed to voluntarily buy A shares through the Shanghai and Shenzhen Stock Connect. Their A-shares can continue to be sold, and the trading rights of mainland investors who do not hold shares will be promptly cancelled by Hong Kong brokers.

The price adjustment window for refined oil products will open

According to the current domestic refined oil product adjustment mechanism, the 15th round of domestic oil price adjustments will begin at 24:00 on July 26. According to agency estimates, there will still be an increase in the probability of a new round of oil price adjustments. On the 7th working day of the oil price statistics cycle, the reference crude oil change rate was 4.56%. Gasoline is expected to increase by 200 yuan/ton, far exceeding the red line of the 50 yuan/ton price adjustment. Based on the calculation of a 50-liter fuel tank, it would cost 8 yuan more to fill up. With this round of increases finally determined, domestic oil prices will have “three consecutive increases.”

The Federal Reserve will announce interest rate decisions

On July 27, the Federal Reserve will announce the interest rate decision.

According to reports, the probability that the Fed will keep interest rates unchanged at 5.00%-5.25% in July is 7.0%, and the probability of raising interest rates by 25 basis points to the 5.25%-5.50% range is 93.0%; the probability that interest rates will remain unchanged by September is 6.2%, the probability of a cumulative interest rate increase of 25 basis points is 82.7%, and the probability of a cumulative interest rate increase of 50 basis points is 11.2%. Former Federal Reserve Chairman Bernanke said on Thursday that the Fed is expected to raise interest rates in July, and July may be the last rate hike in this round of interest rate hikes.

Next week, the ban on restricted stocks with a market capitalization of 55.593 billion yuan will be lifted

Wind statistics show that a total of 71 companies' restricted shares will be unbanned one after another next week. A total of 2,734 million shares will be unbanned. Based on the closing price on July 21, the total market value of the ban lifted is 55.593 billion yuan.

Judging from the market value of the lifting of the ban, July 24 was the peak period when the ban was lifted. The total market value of the 26 companies lifted the ban was 34.724 billion yuan, accounting for 62.46% of the scale of the ban lifted next week. Based on the closing price on July 21, the top three markets for lifting the ban were: Guobo Electronics (9951 billion yuan), Coce Co., Ltd. (7.985 billion yuan), and Guoguang Chain (4.9 billion yuan). Judging from the number of unbanned individual stocks, the top three stocks unbanned were Southwest Securities (670 million shares), Guoguang Chain (435 million shares), and Lixin Energy (235 million shares).

[IPO Opportunities]

7 new shares will be issued next week

Next week, 7 new A-shares will be issued. Among them, Jinkai Biotech and Changhua Chemical will be issued on July 24; Minpo Optoelectronics and Huahong Company will be issued on July 25; and Menggoli, Huaqin Technology, and Blue Rocket Electronics will be issued on July 28.