Two major centrally administered state-owned enterprises step in! China Chengtong and China Reform Holdings have increased their holdings of Chinese equities, and the China Securities Regulatory Commission (CSRC) will convene a symposium to promote stable

On the evening of July 19, China Reform Holdings Corporation announced that it has utilized over RMB 50 billion from the special refinancing facility for stock repurchases and related supporting funds to safeguard market stability. On the same day, China Chengtong Holdings Group announced that it has recently accumulated purchases of Chinese equity assets amounting to nearly RMB 10 billion. Both China Reform Holdings Corporation and China Chengtong Holdings Group stated that they will continue to fully support the stable operation of the capital markets.

Securities Times07:43

Michael Burry, famed for his bearish bet against the housing market, turns bullish on Hong Kong equities: With AI hype cooling off, Hong Kong stocks now represent a valuation trough—an ideal opportunity to buy the dip. He has already increased his stake i

A long-short battle, epitomized by Michael Burry, is unfolding in the Hong Kong stock market, with bullish sentiment continuing to gather momentum. Michael Burry, the investor who gained fame for accurately predicting the 2008 U.S. subprime mortgage crisis and whose story inspired the film 'The Big Short,' recently stated publicly that now is an "excellent time" to hunt for undervalued stocks in the Hong Kong market. His bullish thesis is based on the expectation that the global AI chip stock rally will cool down, prompting capital to flow out of South Korea, Japan, and the semiconductor sector in search of valuation discounts. Meanwhile, Wang Yajun, Head of Asian Equity Capital Markets at Goldman Sachs, also noted

wallstreetcnJul 17 15:55

Express News | The one-year and five-year Loan Prime Rates (LPR) remained unchanged.

Breakings31minutes ago

Futu Morning Brief | U.S.-Iran Tensions Escalate Sharply! Oil Prices Surge; Tech Giants to Report Earnings This Week, BofA Warns to Watch Capital Expenditures; 'Another Storage Sector Horror Story?' U.S. Claims Right to Share Korean Firms' Profits

The China Securities Regulatory Commission (CSRC) held a special meeting on market stabilization, and two major centrally administered state-owned enterprises announced plans to increase their holdings of A-share equities; another Federal Reserve official struck a hawkish tone, stating that inflation remains the primary concern at present.

Futu News08:05

CITIC Securities: China's AI-related assets are poised for revaluation; remains bullish on the convergence and recovery trend in Hong Kong-listed internet stocks.

Rebalancing of capital and flows is driving market performance from divergence toward convergence; with earnings hitting bottom and AI-related narratives resonating, we are bullish on the Hong Kong-listed internet sector.

Zhitong FinanceJul 19 19:01

Week Ahead | Google, Tesla, IBM, and Intel to report earnings, putting tech stocks in the spotlight; AMD hosts AI conference with Lisa Su delivering a keynote speech; Trump attends White House Correspondents' Dinner on Friday

The European Central Bank is expected to hold interest rates steady; the World Artificial Intelligence Conference (WAIC) concluded on July 20.

Futu NewsJul 19 16:53