Noah Holdings Limited (NOAH) Q3 2024 Earnings Call Transcript Summary

moomoo AINov 27 17:13 ET · Conference Call

Are bank stocks still worth buying? CITIC Financial Assets disclosed a comprehensive investment plan of 50.3 billion, with 30 billion increasing shareholding in Bank of China, China Everbright Bank.

①CITIC Financial Assets announced that it will invest approximately 50.3 billion yuan in a comprehensive investment plan, of which 30 billion will be directly used to buy shares of Bank of China, China Everbright Bank, and other institutions. ②CITIC Financial Assets and other institutional funds buying bank stocks is inevitable. As a large-scale institutional fund, due to considerations such as risk control and capital return, it will most likely prioritize 'high dividend stocks' over thematic stocks.

cls.cnNov 11 00:37 ET

Pan Gongsheng: steadily promoting the opening up of the financial services industry and financial market systems, expanding the interconnection of domestic and foreign financial markets.

①The fundamentals of the Chinese economy, the broad market, strong economic resilience, and great potential have not changed; ② Continue to adhere to the supportive mmf policy, strengthen communication with the market, and constantly improve the quality and effectiveness of financial services.

cls.cnNov 7 02:30 ET

Express News | Chinese brokerage stocks surge in the Hong Kong market, with CMSC climbing 10% and CITIC SEC jumping 9%.

Moomoo 24/7Nov 7 01:27 ET

CICC has taken action! What impact does SFISF have on the brokerage? What will investors buy when entering the market?

JPMorgan analysis shows that SFISF is both beneficial and detrimental to brokerages. On one hand, the cost of swaps and repurchases may increase profit/accounting value volatility, while on the other hand, if positive returns can be generated, it will increase share capital roi. In addition, most brokerages will use SFISF more for market-making or investing in large cap high dividend stocks.

wallstreetcnOct 22 02:56 ET

The central bank has officially launched the Interbank Convenience Swap Facility (SFISF) operation from today: Currently, 20 securities and fund companies have been approved to participate, and the initial application quota has exceeded 200 billion yuan.

①As of now, 20 securities and fund companies have been approved to participate in the convenient swap operation, with the first batch of application quotas already exceeding 200 billion yuan. ②This tool helps institutional investors better leverage the stabilizing role of capital markets, alleviating the negative feedback loop of "stock market decline-investor redemption-sell stocks-stocks further decline".

cls.cnOct 17 22:43 ET