02838 Hang Seng FTSE China 50 Index ETF
- 132.100
- +3.350+2.60%
JD's quarterly report reflects signs of market recovery
The latest quarterly report is expected to help JD fix its stock price.
Ali International launches “speed run”
Rise up in the wind.
A quick look at the Hong Kong market | Hong Kong stocks are rising like a rainbow! The three major indices rose by about 1%, and Ali surged more than 7%; domestic housing stocks collectively soared, and Vanke Enterprises rose more than 19%
Technet stocks generally rose, with Station B up more than 5% and NetEase up nearly 3%; domestic insurance stocks rallied; China Taibao rose more than 6%, and China Ping An rose nearly 6%; Chinese brokerage stocks rose at the end of the session, and China Galaxy and CITIC Construction Investment Securities rose about 5%.
Major state-owned banks are filling vacancies intensively! Three post-70s executives have been appointed to new positions at CCB, and the chairmen and governors of many major banks are still vacant
① CCB issued four consecutive announcements involving a number of key personnel changes, including the appointment of a new executive director, the appointment of a deputy governor, and a new chief risk officer and director secretary. On the same day, the Bank of China also announced the departure of the deputy governor; ② Currently, the senior management teams of the six major state-owned banks generally have a “one plus four deputy” and “one chief and five deputy” pattern, but there are still vacant positions as governors and chairman of many major banks.
#网易 2024Q1 Performance Topic #持续更新
Wall Street bosses are optimistic about China Securities! Not only Bank of America and Temasek, but also these star funds have greatly increased their positions
① In the first quarter of this year, many foreign-funded institutions bought Chinese securities or related ETFs in a big way, showing their confidence in China's asset prospects; ② Chinese internet giants such as Pinduoduo, Ali, JD, and Baidu became their favorite targets.
Notice from the People's Bank of China and the State Financial Supervisory Administration on Adjusting the Minimum Down Payment Ratio Policy for Personal Housing Loans
For households that use loans to purchase commercial housing, the minimum down payment ratio for commercial personal housing loans for the first housing unit was adjusted to not less than 15%, and the minimum down payment ratio for commercial personal housing loans for two housing units was adjusted to not less than 25%.
Notice of the People's Bank of China on Adjusting Interest Rate Policies for Commercial Personal Housing Loans
These include abolishing the minimum interest rate policy for commercial personal housing loans for the first home and two housing units at the national level
Hong Kong Stock Afternoon Review | The three major indices rose, and TechNet stocks strengthened, Ali rose nearly 7%; some domestic housing stocks rose, and Sunac China rose more than 9%
Photovoltaic solar energy stocks weakened, Follett Glass fell nearly 9%, and Xinyi Solar fell more than 8%; insurance stocks generally rose; China Taibao rose more than 2%, and China Life Insurance rose nearly 2%.
The multi-headed atmosphere is strong! Top institutions and US lawmakers are betting on Chinese assets
Recently, the “love” of foreign investors for Chinese stocks is a bit beyond imagination.
Intraday Overview | Hong Kong stocks surged and fell, and some domestic housing stocks pulled back. Ali bucked the trend and rose more than 6%
The performance of photovoltaic solar energy stocks was weak. Xinyi Solar Energy fell more than 8%, Follett Glass fell nearly 8%; Evergrande Motor suspended intraday trading and rose more than 53% before the suspension.
Meituan hit the growth ceiling and used Pinduoduo's method to make takeout
People close to Meituan judged that preparing meals will become larger, and the proportion of takeout orders in the long term is expected to reach 20%.
Alibaba's Hong Kong stock rose more than 7%, and the former “Air Force” pioneer Citron is expected to soar by more than 20%
Citron said that Ali's stock price is expected to rise above $100, which is equivalent to an increase of at least 24% from Wednesday's closing. Referring to Ali's AI cloud prospects and strategic investments, it said that Tongyi Qianwen is China's leading big model.
Baidu conference call: 11% of Baidu search results are generated by AI. Radish Run will achieve UE break-even, and the advertising business will grow or weaken
Li Yanhong pointed out that currently 11% of Baidu search results are generated by AI. In addition to mobile phones, Wenxin's big model has also begun to expand into the PC and electric vehicle fields. Baidu's “Radish Run” has accumulated more than 6 million service orders. In Wuhan, the proportion of orders for the “Radish Run” fully driverless service exceeded 55% in the first quarter, and continued to rise to 70% in April. Baidu expects this ratio to rise rapidly to 100% in the next few quarters.
Futu Morning Post | The four major voting committees of the Federal Reserve joined forces; Ali rose more than 7%, Citron said it is expected to rise above $100
This is the “king of quantification”! Renaissance Technology's Q1 has already amassed two major meme stocks; Reddit surged more than 11% after the market and formed a partnership with OpenAI; Walmart rose nearly 7%, and Q1 earnings exceeded expectations, and full-year performance expectations were raised.
Baidu Quarterly Report: Total revenue falls far behind BAT, generative AI revenue of 320 million
Baidu released its 2024 Q1 financial report, showing total quarterly revenue of 31.5 billion yuan, up 1% year on year, and Baidu's core revenue of 23.8 billion yuan, up 4% year on year. Meanwhile, net profit (non-GAAP) attributable to Baidu was 7.011 billion yuan, up 22% year on year, and net profit (non-GAAP) attributable to Baidu core was 6.628 billion yuan, up 26% year on year.
HSBC Holder Ping An Evaluating Ways to Reduce Its $13B Stake - Bloomberg
JD Q1 conference call: Strong quarterly active user growth, confident of exceeding the annual growth target
According to JD, the supermarket category resumed healthy growth in the first quarter. GMV and revenue both grew at a double-digit rate, and order volume and shopping frequency increased.
Is the collective “breaking” spell of listed banks expected to be broken? The net ratio of CMB and Changshu rebounded to 0.94. Industry: If it can break through, it will be beneficial to replenish capital
On May 16, the Financial Services Association reporter noticed that the net market ratio of China Merchants Bank and Changshu Bank had rebounded to 0.94, and it was just around the corner from getting rid of the “broken” hat. The net stock market ratios of many other banks have also returned above 0.9, with Bank of Ningbo and Bank of Chengdu reaching 0.92 and 0.91 respectively. However, before this round was triggered, the net market ratio of the 42 A-share listed banks once collectively fell below 0.9.
Duan Yongping made another move in the first quarter: increase Alibaba holdings and rebuild positions in Pinduoduo
① The first quarter of 2024 held 9 stocks, the same number as in the fourth quarter of 2023. Of these, 8 stocks continued to be held, 1 additional stock was added to Pinduoduo, and at the same time, it was a happy time to clear the inventory. ② According to Qu Fang, an investment advisor at Wanlian Securities, Duan Yongping is optimistic about Alibaba partly because its current valuation is undervalued.