$Lion-OCBC Sec HSTECH S(HST.SG)$ Hong Kong stocks rose to snap a two-day decline, as better-than-expected results from China Merchants Bank and China Resource Land allayed jitters about corporate earnings, and China’s central bank governor struck an upbeat tone about the property market. Traders have a busy few days ahead as they sift through more than 20 annual results from Hang...
$Lion-OCBC Sec HSTECH S(HST.SG)$ The Chinese economy could finally be turning the corner according to both technical and fundamental factors, and this could have major ramifications for the local economy and stock market. We're a long way both in time and magnitude since the double-digit growth rates enjoyed by the Chinese economy between 2000 and 2010 – a period of growth that was at the ti...
5
4
Report
Momentum Trader :
Long 2024. My young bull thesis still intact so far
SpineeOP :
Lui also suggested aligning dividend tax benefits for mainland and international investors to balance their incentives to buy shares in respective markets. He said that Chinese firms that plan to list overseas should simultaneously try Hong Kong during their pre-approval procedure with the Chinese regulator to “help alleviate potential delisting risk from geopolitical factors.”
UBS has revised its real GDP growth forecast for China in 2024 from 4.6% to 4.9%.
$Tencent(TCEHY.US)$$TENCENT(00700.HK)$$Alibaba(BABA.US)$$BABA-SW(09988.HK)$$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$KraneShares CSI China Internet ETF(KWEB.US)$$SSE Composite Index(800146.HK)$$CSI 300(BK20861.HK)$$Hang Seng China Enterprises Index(800100.HK)$
The stricter supervision policies for listing and delisting companies triggered fears that a slew of companies would be kicked off stock exchanges.
$CSI 300(BK20861.HK)$$SSE Composite Index(800146.HK)$$SSE Composite Index(000001.SH)$$Hang Seng China Enterprises Index(800100.HK)$$Hang Seng TECH Index(800700.HK)$$Hang Seng Index(800000.HK)$$Alibaba(BABA.US)$$BABA-SW(09988.HK)$$MEITUAN-W(03690.HK)$$XIAOMI-W(01810.HK)$$TENCENT(00700.HK)$$Tencent(TCEHY.US)$
Retail sales of goods were 3.5 trillion yuan, which rose by 2.7%y/y; (narrowed)
Total revenue for the catering industry was 396 billion yuan, which rose 6.9%. (narrowed)
$Global X MSCI China Consumer Discretionary ETF(CHIQ.US)$$BYD COMPANY(01211.HK)$$BABA-SW(09988.HK)$$SSE Composite Index(800146.HK)$$MEITUAN-W(03690.HK)$$TENCENT(00700.HK)$$PDD Holdings(PDD.US)$$XIAOMI-W(01810.HK)$
$SSE Composite Index(800146.HK)$+0.5%, while $Hang Seng Index(800000.HK)$ -1.2%.
$Alibaba(BABA.US)$$BABA-SW(09988.HK)$$TENCENT(00700.HK)$$Tencent(TCEHY.US)$$XIAOMI-W(01810.HK)$$MEITUAN-W(03690.HK)$
Energy and metals sectors are leading the rebound, with 20% up in Nanjing Hanrui Cobalt.
$JD-SW(09618.HK)$$MEITUAN-W(03690.HK)$$BABA-SW(09988.HK)$$XIAOMI-W(01810.HK)$$TENCENT(00700.HK)$
The Shenzhen Component Index and the tech-heavy ChinNext Price Index are up over 1%.
$Hang Seng Index(800000.HK)$ is now up 1.5%.
$Shenzhen Component Index(399001.SZ)$$XIAOMI-W(01810.HK)$$BABA-SW(09988.HK)$$TENCENT(00700.HK)$$BIDU-SW(09888.HK)$$BYD COMPANY(01211.HK)$
$SHCOMP < 3,000, erasing March gains.
$Hang Seng Index(800000.HK)$ is down 1%.
$BABA-SW(09988.HK)$$TENCENT(00700.HK)$$XIAOMI-W(01810.HK)$$MEITUAN-W(03690.HK)$$BIDU-SW(09888.HK)$
Hong Kong stocks halt two-day drop as results from China Merchants Bank, China Resources Land soothe earnings jitters
Hong Kong stocks rose to snap a two-day decline, as better-than-expected results from China Merchants Bank and China Resource Land allayed jitters about corporate earnings, and China’s central bank governor struck an upbeat tone about the property market.
Traders have a busy few days ahead as they sift through more than 20 annual results from Hang...
China economy's strong start to 2024 deals blow to "over-pessimism" but recovery hangs on property market
The Chinese economy could finally be turning the corner according to both technical and fundamental factors, and this could have major ramifications for the local economy and stock market.
We're a long way both in time and magnitude since the double-digit growth rates enjoyed by the Chinese economy between 2000 and 2010 – a period of growth that was at the ti...
$SSE Composite Index(800146.HK)$$Hang Seng Index(800000.HK)$$iShares China Large-Cap ETF(FXI.US)$$KraneShares CSI China Internet ETF(KWEB.US)$$Alibaba(BABA.US)$$BABA-SW(09988.HK)$$TENCENT(00700.HK)$$Tencent(TCEHY.US)$$XIAOMI-W(01810.HK)$
No comment yet