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CICC suggests focusing on China Construction Bank Corporation, Agricultural Bank of China, CM Bank, and HSBC Holdings.
CICC released a research report on statistics and valuations of public bank stock funds in the second quarter. The position of bank stock funds was 2.64%, up 0.28 percentage points quarterly, mainly due to the good performance of bank stocks. A-share and H-share banks have risen by 26.3% and 19.4% respectively since the beginning of the year, with state-owned banks and some regional banks performing well. Currently, the overall banking sector is still underallocated by funds by about 10.5 percentage points, which is a historically high level of underallocation, indicating that there is still room for bank stocks to increase their positions. The report mentioned that Northbound funds flowed into CM Bank (03968) and Pufa Bank, while Southbound funds flowed into state-owned banks. In the past 3 years,
Northbound funds: Net buying of HKD 3.692 billion. Domestic funds have once again increased their holdings of Hong Kong-listed ETFs and bought Tracker Fund of Hong Kong (02800) for nearly HKD 1.3 billion.
On July 22nd, in the Hong Kong stock market, the net purchase of Beishui amounted to 3.692 billion Hong Kong dollars, of which the net purchase of Hong Kong Stock Connect (Shanghai) was 2.39 billion Hong Kong dollars, and the net purchase of Hong Kong Stock Connect (Shenzhen) was 1.302 billion Hong Kong dollars.
[Special V] Deng Shengxing: Hong Kong stocks are weak and investors should be cautious when entering the market.
Jingu News | The Hang Seng Index closed at 17,778 on Thursday (18th), up 39 points or 0.2%. The total market turnover was 87.5 billion yuan for the day. The national index rose 9 points or 0.15% to 6,306; the technology index fell 27 points or 0.76% to 3,613. Blue chips China Construction Bank (00939) rose 0.4%; Ping An Insurance (02318) rose 0.6%; HSBC (00005) rose 0.9%; CNOOC (00883) is expected to pay no less than a 40% dividend payout ratio for the whole year, and rose 1.9% for the day. The Consumer Council apologized for the classification gap of sample testing of Nongfu Spring (09633), and the stock price of Nongfu Spring continued to rise.
"Red envelope rain" is here! Six state-owned banks have taken action, and 245.4 billion yuan has been credited to the account in full.
Investment value of high dividend sector highlighted.
[Special columnist] Deng Shengxing: Mainland China's economic growth in the second quarter is weaker than expected, and Hong Kong stocks lack data support.
On Tuesday (16th), the Hang Seng Index closed at 17,727, down 287 points or 1.6%. The total daily turnover of the market was 94.243 billion yuan. The national index fell 1.6% to 6,316; the science and technology index fell 1.4% to 3,622. Blue chips were under pressure as a whole, with China Construction Bank (00939) falling 2.7%; Ping An (02318) issued convertible bonds worth 3.5 billion U.S. dollars, with a full-day drop of 5.4%, performing the worst among blue chips. The Dow Jones Industrial Average closed at 40,954, up 742 points or 1.85% on Tuesday (16th). The S&P 500 rose 0.64% to 5,667 points; the Nasdaq rose 0.2% to 18,509.
Deng Shengxing, a special V, said that the mainland's second quarter economic growth was worse than expected and that Hong Kong stocks were unable to rise.
CCTV finance news | The Hang Seng Index closed at 18,015 on Monday (15th), down 277 points or 1.52%. The city's total trading volume was HKD 91.1 billion. The national index fell 1.7% to 6,421; the technology index fell 2.9% to 3,672. Blue-chip stocks were under pressure, with China Construction Bank (00939) down 0.7%; Ping An Insurance (02318) reported a 5% increase in premium income in the first half of the year, but its stock price fell 2.2%; network technology stocks were also under pressure. Tencent (00700) fell 1.7%; both Meituan (03690) and Alibaba (09988) fell 2.2%; the Dow Jones Industrial Average closed at 40,211 on Monday (15th), up 2.
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