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What happened during the National Day holiday at home and abroad? Here is a summary of important financial news.
①Shanghai Stock Exchange: From October 8th, the acceptance time for designated trading order instructions will be extended; Goldman Sachs has raised the Chinese stock market to "overweight", expecting a further increase of 15-20%; ②Hong Kong stocks are booming with a high increase in the number of new brokerage accounts and margin trading data within the past week; Many places have introduced optimized policies for real estate, and the market has responded positively.
A stock market is closed, but A stock etf is still soaring!
"Bets on China" trades are hot, with funds flowing continuously from A-shares during holidays to Hong Kong, US-related ETFs. The ChinaAMC STAR50 ETF listed in Hong Kong once rose over 200%, with many Chinese concept stock ETFs soaring together. Market observers have noticed that funds from other regions in Asia are flowing back into the Chinese stock market.
Maximum of 6 billion! kweichow moutai proposes to buy back shares, implementing repurchase for the first time in 23 years since listing.
①The purpose of repurchasing shares is for cancellation and reduction of the company's registered capital. ②The repurchase price of shares shall not exceed 1795.78 yuan per share (inclusive).
Is the 'faith' collapsing? kweichow moutai hits a new low in 2022, with many 'top players' reducing their positions.
It is worth noting that Kweichow Moutai fell to 1268.89 yuan in early trading, breaking the previous low of 1333 points before October 31, 2022.
During the peak season of Mid-Autumn Festival, the wholesale price of Feitian Maotai fell below 2600 yuan. Maotai responded: the overall market is relatively stable.
According to Kweichow Moutai, the increase in the proportion of wholesale channel revenue in the first half of the year is mainly due to the increase in the ex-factory price of Feitian Moutai and other products. There has been no increase in dealers for Moutai liquor, and the 18 newly added dealers are all dealers of the series of Moutai liquor. The company's policy towards Moutai liquor dealers remains unchanged.
Soochow Securities: How to view the baijiu consumption tax reform path and its impact?
Moving the collection of consumption tax to a later stage presents challenges in practical implementation. It is expected that tax reform will be gradual rather than immediate while maintaining a stable foundation, and the probability of a significant increase in tax rates is low. If the tax collection stage is moved, it is expected to further accelerate industry consolidation, and small and medium-sized liquor companies may struggle to cope with the potential profit impact caused by the moving of the tax collection stage.