CITIC SEC: The Hong Kong stock market has returned to a period of high dividend growth, and an adjustment of the dividend tax for the Stock Connect is imperative.
From January 1, 2024 to November 30, 2024, the total amount of dividends for all Hong Kong stocks reached 1,225.1 billion yuan, a year-on-year increase of 13%, marking a return to the high growth period of dividends in 2021 and 2022.
Bank stocks have surged for several consecutive days, and the Hang Seng Index has recovered to 20,000 points. Bullish Signals from the fiscal side are favorable for the continuation of the rebound | Hong Kong stock barometer.
① The Hang Seng Index stands above the 20,000-point mark; why is it so strong in the short term? ② The fiscal side releases Bullish Signals; can it help sustain the rebound?
A-shares and Hong Kong stocks rose, the GEM increased by 0.59%, flying Autos surged, and government bond Futures collectively rose.
The concept of flying cars has seen a surge, with Wolong Electric Group hitting the limit up, followed by Citic Offshore Helicopter, Zhejiang Jindun Fans, Zhejiang Wanfeng Auto Wheel, Shangluo Electronics, and Hebei Jianxin Chemical also rising. On the news front, the General Office of the CPC Central Committee and the State Council issued "Opinions on Accelerating the Construction of a Unified and Open Transportation Market," aiming to deepen the reform of low-altitude airspace management and develop General Aviation and the low-altitude economy.
Hong Kong stock market news for December 24: The three major US Indexes closed higher. HKEX has a half-day trading session due to Christmas.
① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.
A-shares and Hong Kong stocks are rising, interbank bond yields are generally declining, and the yield on 10-year government bonds has fallen to 1.6645%.
The yield of the 1-year government bond 200013 decreased by 7.5 basis points to 0.94%, the yield of the 10-year government bond 240011 decreased by 3.05 basis points to 1.6645%, and the yield of the 30-year government bond 2400006 decreased by 2.75 basis points to 1.92%.
Hong Kong Stocks Open Higher; Tech and Biotech Stocks Lead Gains -- Market Talk
103094266 : GDP growth only 2.7%?
狮城牧羊人 : did you have an Indian to translate it for you again?
qte
The fifth national economic census: By the end of 2023, there were 33.27 million legal entities engaged in secondary and tertiary industry activities in China, an increase of 52.7% over the end of 2018. There were 428.984 million employees, an increase of 11.9%; there were 87.995 million individual businesses, with 179.564 million employees.
unqte
Cui Nyonya Kueh OP 103094266 : It does not explicitly mention the 5% GDP growth target. However, the revised GDP figures (up to 129.4 trillion yuan, a 2.7% increase) and the broader economic metrics discussed suggest efforts to present an improved economic outlook, potentially supporting China's 5% growth target indirectly. May need to find another reference to cross check again.
Cui Nyonya Kueh OP : I have indian followers, colleagues and moomoo friends who are indian and I don't think we need to play the race card here ok. No need to be so saltish.
Thelord 狮城牧羊人 : Now that you mention, looks like he himself is an indian and heavily shorted this
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