Chinese Asset Sentiment Shows Signs of Recovery

Moomoo News06:25 ET

Is the rebound trend of Hong Kong stocks established? The Hang Seng Index temporarily returned to 20,000 points, and the performance of Cryptos stocks is eye-catching.

① How do Institutions view the phenomenon of the Hong Kong stock market warming up? ② What news primarily drives the rising trend of pharmaceutical stocks?

cls.cn03:47 ET

Hong Kong stocks are moving differently | Autos stocks are collectively rising as the implementation details for the automotive trade-in program for 2025 are released. Institutions are bullish on the continued recovery of the car market this year.

Automotive stocks collectively rose; as of the time of writing, NIO-SW (09866) increased by 5.51%, priced at 34.45 HKD; BYD Company (01211) rose by 5.38%, priced at 278 HKD; Li Auto-W (02015) climbed by 4.27%, priced at 90.45 HKD.

Zhitong Finance00:38 ET

Nio's Li Bin responds to a USA user: Welcome to China for a self-driving tour to experience the 3-minute Battery swap.

According to Sina Technology News on the morning of January 20, Li Bin, the founder, Chairman, and CEO of NIO, stated in the comment section of a user on Xiaohongshu that all friends coming to China for self-driving tours are welcome to experience NIO's 3-minute Battery swap, which is super cool. Li Bin mentioned that NIO is building charging stations globally.

Sina Technology23:43 ET

[Brokerage Focus] BOCOM INTL expects that China’s RBOB Gasoline vehicle exports are likely to maintain a growth trend, but the export of Electric Vehicles still faces uncertainties.

Jinwu Finance News | BOCOM INTL stated that according to the latest data from the China Automotive Industry Association, in 2024, China is expected to export 5.859 million Autos, an increase of 19.3% year-on-year. Affected by EU policy disruptions, China's exports of new energy vehicles in 2024 are projected to be 1.284 million units, a year-on-year increase of 6.7%. Plug-in hybrid vehicles drive new energy exports. In 2024, exports of pure electric vehicles are expected to be 0.987 million units, a year-on-year decrease of 10.4%; exports of plug-in hybrid vehicles are expected to be 0.297 million units, a year-on-year increase of 193.7%. The bank indicated that market demand in Russia is expected to return to 2021 levels in 2024, cautiously viewing China.

Jinwu Finance News20:15 ET

Cui Dongshu: The effect of policies in driving production and sales is significant. In December 2024, the wholesale sales volume of New energy Fund Passenger Vehicles is expected to reach 1.51 million units, surpassing the historical highest level.

The wholesale growth from September to December is significantly higher than from March to August, reflecting the clear impact of policies in stimulating production and sales.

Zhitong Finance20:03 ET