Hong Kong stocks and central state-owned enterprises rose strongly today. As of press release, China Alcoa International (02068) rose 41.94% to HK$2.2; China Taiping (00966) rose 7.22% to HK$7.13; China Building Materials (03323) rose 5.46% to HK$3.09; China Finance (01880) rose 4.29% to HK$13.14; and China Aluminum (02600) rose 4.1% to HK$4.06.
The Zhitong Finance App learned that Hong Kong stocks and central state-owned enterprises rose strongly today. As of press release, China Alcoa International (02068) rose 41.94% to HK$2.2; China Taiping (00966) rose 7.22% to HK$7.13; China Building Materials (03323) rose 5.46% to HK$3.09; China Intermediary (01880) rose 4.29% to HK$13.14; China Aluminum (02600) rose 4.1% to HK$4.06.
According to the news, according to a report by brokerage China, according to previous news from China News Agency, on January 29, we learned from the Central Enterprise and Local State-owned Assets Administration Commission assessment and allocation work conference held by the State Council's State-owned Assets Administration Commission of the State Council of China that market value management assessments for listed companies will be fully implemented in 2024. However, it is even more widely reported in the market today, and the relevant assessment method may be released in the near future. However, at present, the news has not been confirmed by an authoritative source.
China Galaxy Securities previously stated that central state-owned enterprises have high dividend characteristics and are relatively high in certainty. Combined with the outstanding profit stability and profitability of central state-owned enterprises, they have long-term undervaluation characteristics compared to private enterprises. As the new round of state-owned enterprise reform deepening and upgrading actions inject new impetus into central state-owned enterprises, the investment value of central state-owned enterprises is becoming more and more prominent. In addition, some analysts said that due to the arrival of interest rate cuts, insurance funds need to cover 4% of annualized costs on the debt side, and demand for allocation of high-yield stocks has increased; today, the banking sector, led by Ping An Bank, has changed drastically, precisely because of the need to allocate insurance funds.