【Bay Area Morning News】Hong Kong's average wage rate in June increased by 3.7%; Hong Kong joins Taobao's "free shipping zone"
1. Market News 1. In June, the average wage rate in Hong Kong increased by 3.7%. The average wage for employed persons in the second quarter increased by 3.5%. According to the Hong Kong Census and Statistics Department, for all selected main industries in the statistical survey, calculated using the nominal wage index, the average wage rate in June 2024 increased by 3.7% compared to the same period last year. In June 2024, approximately 63% of companies saw an increase in average wages compared to the same period last year, while 32% of companies experienced a decrease. The remaining 5% had similar average wage rates to the previous year. In terms of total salary statistics, for all main industry categories included in the statistical survey in 2024.
Hong Kong stocks abnormal | Hong Kong Exchanges and Clearing Limited (00388) surged more than 6%, resonating multiple bullish factors internally and externally, expected to welcome a double boost in valuation and performance.
Hong Kong Stock Exchange (00388) rose more than 6%, as of the time of publication, it rose by 6.17%, closing at 278.8 Hong Kong dollars, with a turnover of 4.105 billion Hong Kong dollars.
[Brokerage Focus] Guotai Junan Securities maintains a buy rating on hkex (00388), pointing out the decline in local financing costs, and the company is expected to see performance improvement.
Jingu Information | Open Source Securities issued a research report, on September 19th, Beijing time, the Fed preemptively cut interest rates by 50 basis points, on September 23rd, the Hong Kong Stock Exchange (00388) officially implemented arrangements for normal trading under severe weather conditions, on September 24th, the State Council Information Office introduced measures to stabilize growth, from September 19th to September 24th, the Hong Kong Stock Exchange rose by 14.9%, outperforming the Hang Seng Index/Hang Seng Technology by 7.3%/4.2%. The bank pointed out that under the Fed's interest rate cutting cycle, the continuous improvement of global liquidity is bullish for the Hong Kong stock market denominator, according to the dot plot forecast, it is expected to cut interest rates twice more by a total of 50 basis points within 2024, 2024-2026.
hkex (00388.HK) received jpmorgan's shareholding of 3.9166 million shares.
According to the latest equity disclosure information from the hkex on September 19, 2024, Hong Kong Exchanges and Clearing Limited (00388.HK) received JPMorgan Chase & Co. increasing their shareholding in a total of 3.9166 million shares at an average price of 237.384 Hong Kong dollars per share, involving approximately 0.93 billion Hong Kong dollars. After the increase, the latest total holdings of JPMorgan Chase & Co. are 76,904,515 shares, with a shareholding ratio increasing from 5.75% to 6.06%.
El Nuevo ETF De Premia Debuta En HKEX
Deloitte maintains its annual forecast for the Hong Kong IPO market, with the Hong Kong Stock Exchange expected to maintain its position among the top four.
King Wony Financial News | Deloitte China's Southern Region Managing Partner Ou Zhenxing said that he maintains the annual forecast for the Hong Kong new stock market, with 80 new stocks expected to raise 60 to 80 billion Hong Kong dollars in financing. The bank stated that there are nearly 100 listing applications pending in the market, so it maintains the annual forecast for the Hong Kong new stock market. Ou Zhenxing pointed out that there are still 4 to 5 new stocks preparing to list in Hong Kong for the rest of the year, with half of them raising nearly 1 billion US dollars and the other half over 0.5 billion US dollars. There is still a chance for the total annual fundraising of Hong Kong new stocks to reach the forecast upper limit. The Capital Markets Services Department noted that by the end of the third quarter of 2024, Nasdaq will...
101852215 : Fund managers, especially the foreign fund managers from the US usually price the stock to perfection (max price) with a leap time of about half a year ahead. Thus, by the time the impacts are reflected on the balance sheets of the companies, the stocks' price will move up further and at this time, the fund managers already enjoy a good buffer to sell their stocks if they so wish
101703552 : Don't bet against the Chinese market, the long term trend is up as they are still at a relatively lower base.
102332870 101703552 : Chinese mkt used to be very pricey before COVID, and then pay little or no dividend. Post COVID, they are getting cheaper
李白的李 : This time, money will be directly distributed, which is different from before.
Stirling : When the tsunami wave (funds) comes in, everything get a ride with the wave.