byd company limited Xiaomi fierce battle golden week
Started "silver ten" on a good note.
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.
Tesla's Robotaxi is about to debut, analyzing the core beneficiary symbols.
Tesla will hold the Robotaxi autonomous driving taxi unveiling event on October 11th Beijing time.
"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
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.
Contemporary Amperex Technology's headquarters Z base caught fire. Previously named as the world's first 'lighthouse factory' in the lithium battery industry.
1. Today at noon, a fire broke out at the Z base factory at the headquarters of contemporary amperex technology; 2. As of around 17:30 in the afternoon, the fire has been preliminarily controlled; 3. Earlier, the Z base was rated as the world's first 'lighthouse factory' in the lithium battery industry.
After the official announcement of the new round of reduction in existing home loan interest rates, the Construction Bank is "snatching up" new home loans! Targeting the golden week, many state-owned large bank branches are also taking action.
1. The Construction Bank took the lead in deploying the National Day housing loan discount promotion for the 'Golden September and Silver October' season, becoming the first state-owned major bank to launch this activity after the announcement of adjustments to existing housing loans. 2. In addition to Construction Bank's national housing loan marketing campaign, some state-owned major banks' local branches and sub-branches are also taking action. 3. Despite the pressure of adjusting interest rates on existing housing loans, mortgage loans, as high-quality credit assets, have always been a battleground for various banks.
Interbank certificate of deposit quotas are in urgent need! Some banks are already below 5%, and the situation may improve in the fourth quarter.
①The balance of negotiable certificates of deposit in the six major state-owned banks accounts for 82.04% of the 2024 record amount, while the balance of negotiable certificates of deposit in joint stock banks accounts for 68.75% of the 2024 record amount. ②The supply of government bonds in the fourth quarter will significantly decrease compared to the third quarter, and the scale of interbank certificates of deposit maturing will also decrease significantly.
Central Bank responds to "Switching Mortgages", stating that the initial phase will start from this bank. Industry insiders expect new mortgages to replace existing ones, with limited impact on the existing market.
The emphasis on "initially implementing mortgage transfers within the bank" is mainly because the existing housing loans are still high-yield, low-risk quality assets for banks. Allowing inter-bank mortgage transfers will intensify competition among banks, which is not conducive to the stability of the mortgage market. Banks are expected to negotiate with customers, and both parties will sign a new mortgage contract to replace the original one.
Existing home loan interest rates are about to be lowered by 50 basis points! Industry insiders: It can effectively curb the trend of early repayment, and deposit interest rates will be further reduced under the pressure of interest rate differentials.
1. The central bank announced that it will guide commercial banks to reduce existing mortgage rates to be close to the rates of new mortgages, with an average reduction of about 0.5 percentage points. 2. It is expected that the loan prime rate (LPR) and deposit rates will symmetrically decrease.
Major announcements on the real estate market and stock market were made by one line, one bureau, and one association.
1. The central bank: reduce the reserve requirement ratio, lower the interest rate on existing housing loans; establish a special refinancing facility to guide banks to provide loans to listed companies. 2. China Banking and Insurance Regulatory Commission: strengthen the core tier-one capital of 6 large commercial banks; reveal three optimization policies for renewing loans for small and micro enterprises. 3. China Securities Regulatory Commission: will issue opinions to promote the entry of medium and long-term funds into the market and six measures to promote mergers and acquisitions; support sovereign wealth funds to increase their shareholding in the capital markets.
Capital markets are getting a fresh boost! The central bank has set up a special refinancing facility for securities, funds, insurance companies to facilitate share buybacks and shareholdings, which can only be used for investing in the stock market.
1. Establishing securities, fund, and insurance companies to facilitate mutual exchange, supporting eligible securities, fund, and insurance companies to obtain liquidity from the central bank through asset pledging, significantly enhancing the ability to raise funds and shareholding capabilities in stocks; 2. Establishing a special refinancing facility for share buyback, guiding banks to provide loans to listed companies and major shareholders, supporting share buybacks and shareholding in stocks.
Another cut! After the 7-day reverse repurchase rate was lowered 2 months ago, today the 14-day reverse repurchase rate was reduced by 10 basis points. How significant is the impact?
① The policy rate will be based on the 7-day reverse repo rate in the future. ② Since the news of the adjustment of the existing housing loan interest rate has been circulating for two weeks, there has been no official denial. Moreover, there has been a strong market demand, and most market institutions believe that it is only a matter of time for the formal operation and implementation.
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).
Ping An Insurance's Xie Yonglin: Insurance capital is a prerequisite for becoming patient capital, and industry reform and innovation are still needed to enhance the long-term investment quality and effectiveness.
In Xie Yonglin's view, "long cycle", "high stability" and "large scale" are the three important characteristics of insurance funds, which also constitute the prerequisites for patient capital. Compared with other patient capital, the actual use of insurance funds also faces three major challenges.
There is no urgent need for a short-term downward adjustment. The September LPR quote remains unchanged. It is expected that the major policy interest rates may be lowered within the year to promote LPR adjustment.
①The main reason for the stable LPR interest rate in September is the pressure of banks' net interest margin, and the policy interest rate (7-day reverse repurchase rate) remains unchanged. ②Taking into account the current economic situation and price trends, the central bank may lower the main policy interest rate, that is, the 7-day reverse repurchase rate, by an estimated 10 to 20 basis points in the fourth quarter, which will guide the LPR quote to follow suit.
The European Union car market is shrouded in gloom: new car sales in August hit a three-year low, with EV sales falling sharply by 43% year-on-year.
① The EU's new car sales in August fell by an astonishing 18.3% year-on-year, reaching the lowest level in three years; ② The European Automobile Manufacturers Association (EAMA) stated that sales of electric cars in the EU in August fell by 43.9% year-on-year, marking the fourth consecutive month of decline.
After the Mid-Autumn Festival, the preferential interest rates for consumer loans from banks starting with the number "1" will gradually come to an end. 2.88% is still the mainstream, and industry insiders believe that in the long term, it will still rema
Although various commercial banks have launched consumer credit preferential activities, the optimal level of market consumer credit annual interest rate is still maintained at 2.88%. In order to increase the intensity of credit release, banks have lowered the interest rate of consumer loans and competing for new customers with price reduction has become a common practice in the consumer credit market. The interest rate center is in a downward channel, and consumer credit interest rates are expected to continue to decline, and the market consumer credit level may enter the range of the single digits.
The gold price soaring caught the banks by surprise. Agricultural Bank of China announced that the minimum purchase point for accumulated gold is linked to the floating gold price. More than 10 banks have raised their purchase thresholds within the year.
On September 18th, the Agricultural Bank of China announced on its official website that the starting point for purchasing the Bank's Cunjin Tong No.2 will be adjusted to fluctuate with the price of gold. This is the first bank this year to link the purchase point of cumulative deposits to the price of gold. There have been about 10 large banks that have announced an increase in the starting point for purchasing cumulative deposits this year, but they are mostly concentrated in the first half of the year. If gold continues to be strong, it is not ruled out that more banks will follow suit and continue to adjust the starting point for purchasing cumulative deposits.
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.