The A-share market opens low, with self-driving cars and lithium mining concepts on the rise, Zhengzhou Tiamaes Technology and Dongjian Technology both hit the limit up. The Hong Kong stock market opens high and goes up, with network technology stocks leading the way and Baidu rising by 10%.
On Wednesday, the Shanghai Composite Index opened down 0.35%, the Shenzhen Component Index fell 0.4%, and the Chinext Price Index fell 0.56%. Real estate, retail, and coal saw the largest declines, while digital finance, photovoltaics, wind power, and commercial aerospace concept stocks weakened; intelligent transportation themes were active.
The Hang Seng Index opened up 0.52% at 17,613.50 points, the Hang Seng Tech Index rose 1.07%, and the Hang Seng China Enterprises Index rose 0.58%. Technology and finance stocks were active, with Baidu up more than 10% and Bilibili up more than 3%. Nongfu Spring rose nearly 4%, and controlling shareholder Yangshengtang plans to increase its stake by no more than HKD 2 billion. Three new stocks were listed today, with Ruichang International Holdings rising nearly 24%, and Rui Qi Chu Xing and Shengtong Technology both dropping more than 10%.
In terms of A-share sectors, the photovoltaic sector led the decline.
Digital finance continued to fall.
Real estate stocks continued to decline.
Self-driving car concept stocks skyrocketed, with Zhengzhou Tiamaes Technology, Dongjian Technology up 20cm limit, Guangzhou Hi-Target Navigation Technology up over 15%, Beijing Starneto Technology and Shenzhen Roadrover Technology locked at the upper limit.
The car-road-cloud concept strengthened in early trading.
Lithium mining stocks also performed strongly.
In terms of Hong Kong stock sectors,
Chinese bond futures.
On Wednesday, treasury futures opened up and down, with the main 30-year contract up 0.01%, the main 10-year contract up 0.02%, the main 5-year contract down 0.03%, and the main 2-year contract basically unchanged.
News:
National Bureau of Statistics: CPI continued to rise year-on-year in June, PPI year-on-year decline narrowed
On July 10, the National Bureau of Statistics released the national CPI (consumer price index) and PPI (producer price index) data for June 2024. CPI fell seasonally month-on-month, and continued to rise year-on-year. PPI fell slightly month-on-month, and the year-on-year decline continued to narrow.
Limiting stock borrowing and turning it into stealthy 'T+0' trading, brokerage firms have taken action! Many brokerages have followed suit.
On July 9, a shareholder said that it had received a notification from Dongxing Securities that it would activate the T+0 transaction limit function for margin trading from July 15. According to Securities Times reporters, the previous day, Dongxing Securities had already published a relevant notice on its official website. Since regulatory authorities frequently made statements to optimize the margin trade mechanism, many brokerages followed suit. However, different securities firms' actions and pace in this area are not uniform. For example, with regard to using short selling to implement intraday turnaround trading, some securities firms still support buying back the bonds of the same subject on the day when the securities financing and lending standardization subject is borrowed.
Tank trucks 'pulling coal oil and edible oil' - the State Council Food Safety Office: thoroughly investigate!
On the evening of July 9, in response to media reports on the "chaotic problem of tank truck transportation of edible oil," the State Council Food Safety Office issued a notice establishing a joint investigation team to thoroughly investigate the chaotic problem of tank truck transportation of edible oil.
China Securities Association solicits opinions on programmatic trading, intends to give securities firms greater disposal power.
On July 9, a solicitation draft about the programmatic trading entrustment agreement's demonstration text, was widely circulated in the private equity circle. According to sources from securities firms, in order to comply with the relevant regulations set out in the "Management of Programmatic Trading of Securities Markets (Trial)", the China Securities Association drafted the "Programmatic Trading Entrustment Agreement (Demonstration Text) (Draft for Solicitation of Opinions)". The document includes programming trading reports, trading behavior, high-frequency trading management, default liability, and other content. It also makes agreements on the rights, obligations, and responsibilities of the parties. Some quantitative private equity fund managers said that the document refined the responsibilities, obligations, and rights between the programmatic trading and securities firms, and further delineated the securities firms' front-line monitoring responsibilities and gave securities firms more disposal power on programming trading.