US stocks were downgraded by the threat of recession, and Hong Kong stocks rarely performed well. The Hang Seng index rose more than 900 points to close on hopes that mainland China would ease epidemic prevention measures and support measures for real estate companies. The sharp drop in the market in October scared shareholders from buying, and the sharp rebound in November made shareholders fear chasing it. The myth of stocks is that I am afraid when others are greedy and I am greedy when others are afraid . actually easier said than done.
Although the US stock market fell, US-listed Chinese stocks performed well the previous day. The Hang Seng Index opened well yesterday, and the market continued to speculate that the Mainland will ease government control measures. ‘epidemic. Some big banks estimate that it will be implemented in the second quarter of next year, and mainland-related stocks, whether they are real estate companies, Chinese banks or domestic insurance companies, are all doing well. , turning sentiment in Hong Kong equities optimistic.
Zhongzi stock is hot
According to the China Securities Regulatory Commission spokesman, the China Securities Regulatory Commission actively performs the functions of the capital market, supports the implementation of the plan to improve the balance sheet of high-quality real estate companies, increases the strength of equity integration, and decides to adjust and optimize five measures in terms of equity financing, which will be implemented immediately. This time, the five measures described as the third arrow to revitalize the real estate market include the resumption of mergers and acquisitions and financing support of listed companies involved in real estate, the resumption of refinancing of listed real estate companies and listed companies related to the real estate industry, the adjustment and improve the listing policies of real estate companies in overseas markets, further play the role of REITs in revitalizing the equity assets of real estate companies, and actively play the role of private equity investment funds.
Concerning the power of the third arrow, analysts in Hong Kong and on the mainland have quite different opinions: Hong Kong or foreign capital tend to downplay the positive effect, believing that there are only a limited number of domestic private companies capable of meet the conditions for pumping funds and the proportion of equity financing to debt financing is relatively small, they believe that the policy The psychological effect is stronger than reality. However, the mainland’s shareholders put their position with a silver bullet: the mainland’s stocks and real estate bonds soared, and kitchen and bathroom appliances, property management concepts and the concept of renting and selling with the same rights have all recorded good results. Several real estate stocks rose nearly 10%, according to Wind statistics, 43 real estate stocks rose more than 20% in November, and some stocks rose more than 50%. Domestic real estate bonds continued to rise and 12 domestic real estate bonds were suspended during the session and bond prices rose more than 20%.
Due to the enthusiasm of the mainland shareholders, shares related to mainland real estate and property management listed in Hong Kong jumped sharply. Country Garden (2007) closed up 5% to 3.05 yuan; 2777) rose 13% to 2.03 yuan; Yuexiu Property (0123) closed at 9.8 yuan, up 6%, Longfor (960) rose 11% to close at 23.1 yuan. Real estate management stock Bifu (6098) rose 13.7% to 19.3 yuan, the best-performing blue-chip stock; China Overseas Property (2669) climbed 10% to close at 8.85 yuan. Foreign investors still tend to be cautious on the mainland housing market, but the central government has been shooting one arrow at a time to continuously consolidate the policy bottom. So unless it believes that the mainland as a whole will collapse in the end, a depending on the general trend, the most dangerous time for mainland real estate should pass and you can continue to speculate while collecting.
In anticipation of favorable policies, Hong Kong stocks rose significantly. In the latest market, influenced by the National Health Commission’s press conference on the mainland epidemic halting, the Hang Seng index continued to test 18,000 points and at the eventually closed at a full-day high, closing at 18,204 points, up 906 points. The state-owned index closed at 6,236 points, up 364 points, the KSZ index rose 262 points, closing at 3,695 points, and turnover increased to 166.7 billion yuan. Many sectors of China’s stocks have got good results and the scene was hot.
Chinese banking and insurance stocks also performed well, which belong to the same traditional sector as Chinese real estate companies. China Merchants Bank (3968) climbed 9% to close at 38.3 yuan; Bank of Qingdao (3866) climbed 12% to close at 3.87 yuan; Zhongyuan Bank (1216) rose 7% to close at 0.65 yuan; Zhongan Online (6060) rose 14%, to close at 19 yuan; Ping An Insurance (2318) rose 13% to close at 47.25 yuan; CPIC (2601) also rose 7% to close at 17.46 yuan; China Life (2628) rose 8% to close at 11.64 yuan.
The concept of a pandemic continues to be advertised
Pinduoduo’s third-quarter revenue was better than expected. Overnight, China’s conceptual stocks reversed and soared. Yesterday, technology and internet stocks continued their upward trend. Bilibili (9626), which will announce its results later, rose 14% to close at 108.6 yuan; Alibaba (9988) also rose 9% to close at 78.75 yuan; Tencent (700) climbed 6% to close at 285.8 yuan; Meituan (3690) climbed 12% to close at 155.4 yuan; Baidu (9888) rebounded nearly 9%, closed at 98.15 yuan; Jingdong (9618) climbed nearly 11% to close at 210.8 yuan; NetEase (9999) climbed nearly 8% to close at 109.7 yuan.
The concept of epidemic relief continued to be speculated. The National Health and Medical Commission issued a signal to optimize epidemic prevention and control. Domestic consumption stocks and tourism stocks increased. Haidilao (6862) climbed another 12% to close at 16.56 yuan.
Jin Riku
