The mainland hopes that the People’s Bank of China will reduce bank reserve requirements in the short term and that the government will launch other measures to boost the economy, which will drive A shares to rise slightly in the past two days
The Shanghai Composite Index recovered 3,000 points, up 0.85% throughout the day, to close at 3007 points; the Shenzhen Stock Exchange Index closed at 10303 points, up 0.72%; the GEM closed at 1,793 points, up 0.52%, and the two cities traded 503.6 billion yuan. Hong Kong stocks resumed trading today. According to analysis, the performance of A shares is good, which can provide support for Hong Kong stocks, especially for Chinese stocks.
The brokerage outperformed A shares yesterday, and the industry as a whole rose 3.45%. Earlier, the market reported that the Central Government wanted to use CITIC Securities (6030) to lead the formation of an “Aircraft Carrier Investment Bank.” CITIC A shares rose 2.68% yesterday, while CITIC Construction Investment (6066) A shares rose 9.47%. In addition, the A-shares in the apparel and interior housing industries rose 1.4% and 1.38% respectively yesterday.
Market is expected to have economic policies
The GF Securities report pointed out that from the end of the past 10 years to the first quarter of next year, there has usually been a “spring turmoil” of 2 to 3 months. During this period, the economic growth rate has continued to decline. The government often strengthens countercyclical adjustments at the end of the year to improve confidence in economic growth. In addition, before the two sessions held in March, the market is expected to introduce economic policies and improve market risk appetite. Infrastructure and technology industry performance. During this period, the performance of the building materials, computer, and electronic component industries will be better.
The Hong Kong stock market was closed yesterday. As of 11:30 last night, the ADR Hong Kong stock index reached 27965 points, which was 101 points higher than the closing of the Hong Kong stock market on Tuesday. Tencent (0700) ADR converted to Hong Kong dollars at 378.1 yuan, closing 0.3% over Hong Kong stocks. HSBC (0005) ADR equivalent to HK $ 60.43, down 0.1% from the closing of Hong Kong stocks. In addition, the Singapore OTC HS50 index futures, known as the “black period” of the Hang Seng Index, opened 54 points lower in the morning and saw a low of 27,796 points, but then gradually stabilized upwards, closing at 27,871 points throughout the day, up 22 points or 0.08%. It was slightly higher than the HSI closing on Tuesday by 7 points.
First Shanghai chief strategist Ye Shangzhi said that the recent completion of A shares will help support the performance of Hong Kong stocks
In the remaining two and a half days of the year, the HSI is expected to challenge 28,000 points. The market hopes that the mainland will reduce its quota early next year. After the year-end, the bank ’s pressure will be relieved. The balance of Liangrong will also remain at nearly RMB 1 trillion. The positive view on the A-share market outlook will drive the performance of Chinese stocks. Before the decline. In the Christmas period, Hong Kong has revived social conflicts, increasing the uncertainty of local stocks and weakening the upward momentum. He is more cautious about local retail stocks and real estate rental stocks.