作者：港湾家族办公室业务发展总监 郭家耀Jinwu Financial News | The US stock market was closed for the Thanksgiving holiday on Thursday. The nighttime trend of the Hang Seng Index is stable, and it is expected that the market will not change much in the early stages. The mainland stock market fell yesterday. The market had lackluster competition in the early days, then turned into a decline. The closing market fell 0.4%, and the turnover of the Shanghai and Shenzhen markets increased slightly. Hong Kong stocks followed the weakening of the mainland stock market. There was no further rebound in the RMB. Investors continued to pay attention to the direction of interest rates. The rise in the market was weak, and the overall transaction performance was poor. There is a strong wait-and-see atmosphere. Investors are worried about the impact of Sino-US trade relations on corporate profits, and are looking forward to further macroeconomic stimulus policy news. It is expected that the index will have little room to break through upward in the short term and remain at the level of 19,000 to 20,000 points.
Industry news
AIA (01299) recently announced that the Zhejiang Regulatory Bureau of the China Financial Supervisory Authority has approved AIA China's preparations to establish a branch in Zhejiang Province, which will commence operations after obtaining final regulatory approval. According to the data, Zhejiang Province ranks fourth in the country in terms of gross domestic product and is also the fourth largest life insurance market in the mainland. In recent months, AIA has successively been approved to set up branches in mainland China. At the end of October, AIA was approved by mainland regulators to set up branches in Anhui and Shandong; in mid-November, it was approved to set up branches in Chongqing; this time, it was approved in Zhejiang. AIA said that entering these regions as planned will further bring AIA 100 million potential customers and touch more than 70% of the mainland's life insurance market. The Group's business layout in the Mainland has been further accelerated, helping to seize opportunities in the mainland life insurance market.
(The author is a licensee of the Securities Regulatory Commission. I and related parties do not hold the above shares)
Author: Guo Jiayao, Director of Business Development, Harbour Family Office
