Jinwu Financial News | The performance of US stocks was mixed last Friday. Geopolitical instability affected the investment climate. After opening high, the market made a U-turn and fell. The three major indices closed with mixed results. The trend of the US dollar stabilized. The interest rate on US ten-year bonds fell back to 3.93 percent, and the performance of gold and oil prices improved. Hong Kong stock depository securities have developed individually, and it is expected that the market will open lower in the early stages. The mainland stock market declined last Friday. The Shanghai Composite Index fell repeatedly and closed down 0.2%. The turnover of the Shanghai and Shenzhen markets continued to be weak. The trend of Hong Kong stocks is weak. The index continues to hover around 16,000 points. The investment atmosphere is cautious, and overall transactions are sluggish. The Mainland faces the risk of deflation. The data on new loans from the People's Bank of China fell short of expectations. The index continued to hover between 16,000 and 16,800 points before new favorable factors appeared in the short-term market.
Industry news
The State Council recently held an executive meeting of the State Council and proposed to focus on solving the urgent problems of caring for the elderly at home, medicine, health care, etc. The conference proposed that it is necessary to make good use of the market mechanism, give full play to the role of various business entities and social organizations, better meet the diverse needs of the elderly at multiple levels, and jointly promote the growth of Yinfa's economic development. Currently, Ping An Health (1833) has formed a unique competitive advantage with the “managed medical+family doctor membership+O2O healthcare service” business model, and the development path is becoming increasingly clear in deepening the 2.0 strategy. By the end of June 2023, Ping An Health had established a team of about 50,000 internal and external doctors covering 22 departments, which can meet the needs of users for full-scenario and multi-level medical and health services. Furthermore, by the end of June 2023, Ping An Health had grown to 45 million paying users in the past 12 months. As an Internet medical enterprise, Ping An Health will seize favorable policy opportunities to provide customers with better service capabilities for home care, medicine, and health care, and build new barriers to “medical+pension” services.
(The author is a license holder of the Securities Regulatory Commission. I and related parties do not hold the above shares)
Author: Guo Jiayao, Managing Director of Huiying International Asset Management