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Is Wall Street planning to launch China's Big Eight ETF?
The Big Seven US Technology Companies (Mag7 for short) account for 31% of the total market value of the S&P 500 Index, a record high. At the beginning of March of this year, Bank of America Merrill Lynch released the Chinese version of Mag7: Banking and insurance, operators, telecommunications, and petroleum and coal, led by state-owned enterprises, have been the four high-yield sectors of the Chinese stock market since this year. It can also be viewed as the Chinese version of “Mag 7,” which can be called “YYDS.” Bank of America Merrill Lynch statistics show that from the end of 2013 to the first quarter of this year, the coal sector accumulated more than 300% of total revenue (including dividends), the banking sector reached 110%, and insurance was 72%, far
Zhitong Hong Kong Stock Connect Capital Flow Statistics (T+2) |May 24
Zhitong Hong Kong Stock Connect capital flow|May 24
Meituan-W (03690.HK) plans to hold a board meeting on June 6 to approve the first quarter results
Gelonghui, May 23 | Meituan-W (03690.HK) issued an announcement. The board of directors hereby announces that a board meeting will be held on June 6, 2024 (Thursday) to consider and approve the Group's unaudited financial results for the first quarter of 2024 and to deal with other matters.
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After issuing convertible senior notes, will JD be followed by Ali?
JD issues convertible bonds, and Ali will follow suit. Who might be next? On Wednesday, Alibaba's Hong Kong stock fell by more than 5%. According to the news, people familiar with the matter said that Ali is considering issuing convertible bonds and plans to raise about 5 billion US dollars in capital. Earlier, on May 21, JD announced that it plans to issue convertible bonds with a total scale of 1.75 billion US dollars. After three consecutive days of decline, JD Hong Kong stocks fell by more than 4% today. JD said that the issuance of convertible bonds will enable it to use low financing costs (0.25% coupon rate) to speed up the share repurchase process at the current stock price. The conversion price is 45.7%, and the market price premium is about 35%. In response, HSBC said: Mutual
Illustration丨Southbound Capital reduces positions with Meituan and Tencent, and continues to increase bank positions in Bank of China
Southwest Capital made a net purchase of HK$473 million in Hong Kong stocks today. Among them: net purchases of Bank of China at $1.14 billion, Ideal Auto at $679 million, CCB at $286 million, and China Mobile at $223 million; net sales of Prosperity Fund at $1,846 million, Meituan at $1,049 million, Tencent at $832 million, Xiaomi at $520 million, Hong Kong Stock Exchange at $262 million, and Kuaishou at 125 million. According to statistics, Southbound has made net purchases of the Bank of China for 5 consecutive days, totaling HK$6,0268.4 billion; net purchases of CCB for 5 consecutive days, totaling HK$2,1930.3 billion; and net sales of CNOOC for 12 consecutive days, totaling 38.0446
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