A shares and Hong Kong stocks rose hi! On March 16, A-Shares and Hong Kong shares rebounded. In the afternoon of that day, the three major A-share indexes, Hang Seng Index and Hang Seng technology index made a strong counterattack one after another, among which the gem index rose by more than 5% and the A-share limit rose by more than 100 shares. In terms of Hong Kong stocks, the Hang Seng technology index rebounded in an epic way. It rose by more than 20% during the session, the largest one-day increase since the index was launched. Tencent holdings, Alibaba, meituan and other stocks rose sharply one after another. On March 16, the financial stability and Development Commission of the State Council (hereinafter referred to as the “financial commission of the State Council”) held a special meeting to study the current economic situation and capital market issues. The meeting stressed that financial institutions must proceed from the overall situation, firmly support the development of the real economy, and welcome long-term institutional investors to increase their shareholding ratio. With regard to China concept shares, the meeting said that at present, the regulatory authorities of China and the United States have maintained good communication, have made positive progress, and are committed to forming specific cooperation plans. The Chinese government continues to support all kinds of enterprises to list abroad.
A-Shares rose by more than 100 shares
On the afternoon of March 16, the three major A-share indexes ushered in a strong rebound, with more than 100 shares trading on the same day.
The trading market showed that on March 16, the three major stock indexes of A-Shares opened sharply. After the opening, the index maintained a volatile trend and turned green for a time. However, in the afternoon of March 16, the three major A-share indexes ushered in a strong counterattack. The gem index showed the best performance, with an intraday rise of more than 5%, the Shenzhen Composite Index rose more than 4% and the Shanghai Composite Index rose more than 3%. As of the closing of the day, the Shanghai Composite Index, Shenzhen Component Index and gem index closed up 3.48%, 4.02% and 5.2% respectively to 317071 points, 1200096 points and 263508 points respectively.
In terms of turnover, the turnover of the two markets broke trillion yuan again, including 522305 billion yuan in Shanghai and 669733 billion yuan in Shenzhen.
On the disk, the heavyweight sectors such as securities companies and banks rose, and the sectors such as East counting and West counting and electronic license sectors led the increase. Among them, in the securities business sector, Shanghai Chinafortune Co.Ltd(600621) , Chinalin Securities Co.Ltd(002945) , Boc International (China) Co.Ltd(601696) , Gf Securities Co.Ltd(000776) and other stocks rose and fell without closing; In terms of banking sector, Bank of Lanzhou rose by the limit, Bank Of Chengdu Co.Ltd(601838) , China Merchants Bank Co.Ltd(600036) , Bank Of Ningbo Co.Ltd(002142) and other stocks followed the rise.
In terms of individual stocks, more than 100 A shares rose by the limit, and several heavyweights such as Contemporary Amperex Technology Co.Limited(300750) , China stock market news and Kweichow Moutai Co.Ltd(600519) rose sharply. According to statistics, more than 4300 A shares rose to varying degrees, and only 388 shares were green.
On the news, on March 16, the financial stability and Development Commission of the State Council held a special meeting to study the current economic situation and capital market problems. The meeting was presided over by Liu He, member of the Political Bureau of the CPC Central Committee, vice premier of the State Council and director of the finance committee, and comrades in charge of relevant departments attended the meeting.
The meeting pointed out that under the current complex situation, the most critical thing is to adhere to the principle that development is the first priority for the party to govern and revitalize the country, focus on economic construction, deepen reform and expand opening-up, adhere to the principles of marketization and rule of law, adhere to the “two unwavering”, earnestly protect property rights, and fully implement the spirit of the central economic work conference and the deployment of the national “two sessions”, We will coordinate epidemic prevention and control and economic and social development, keep the economy running within a reasonable range, and keep the capital market running smoothly.
The meeting stressed that relevant departments should earnestly assume their responsibilities, actively introduce policies conducive to the market and prudently introduce contractionary policies. We should respond to the hot issues concerned by the market in a timely manner. All policies that have a significant impact on the capital market should be coordinated with the financial management department in advance to maintain the stability and consistency of policy expectations. The financial commission of the State Council will strengthen coordination and communication according to the requirements of the Party Central Committee and the State Council, and hold accountable when necessary. Financial institutions must proceed from the overall situation and firmly support the development of the real economy. Long term institutional investors are welcome to increase their shareholding ratio.
Hang Seng technology index rose more than 20% during the session
The Hang Seng technology index rose the most since it was launched on March 16, with the Hang Seng technology index also rising the most in the session.
On the afternoon of March 16, the Hang Seng Index and Hang Seng technology index also rose one after another, with the Hang Seng index rising nearly 9% and the Hang Seng technology index soaring more than 20%. As of the press release of Beijing business daily, the Hang Seng Index rose 8.94% to 2006065 points; Hang Seng technology index rose 21.16% to 420693 points.
In terms of individual stocks, Tencent holdings, Alibaba and meituan rose sharply. Among them, Tencent holdings, Alibaba and meituan rose more than 20% and 30% respectively.
In addition, a number of Chinese concept stocks returned to Hong Kong also ushered in a sharp rise. Among them, Wanguo data and BiliBili rose by more than 40%, JD group and ideal automobile rose by more than 30%, New Oriental, Xiaopeng automobile and Netease rose by more than 20%, and Baidu group and microblog rose by more than 15%.
On March 16, at a special meeting held by the financial stability and Development Commission of the State Council, the meeting also pointed out that at present, the regulatory authorities of China and the United States have maintained good communication, made positive progress and are working to form a specific cooperation plan. The Chinese government continues to support all kinds of enterprises to list abroad. With regard to the governance of platform economy, relevant departments should improve the established plan in accordance with the principles of marketization, legalization and internationalization, adhere to seeking progress in stability, steadily promote and complete the rectification of large platform companies as soon as possible through standardized, transparent and predictable supervision, and set up red and green lights to promote the steady and healthy development of platform economy and improve international competitiveness. We should strengthen cooperation between Hong Kong and the mainland on financial market stability.
Yang Delong, chief economist of Qianhai open source fund, told the Beijing Business Daily that the special meeting held by the financial commission of the State Council has greatly boosted market confidence. The development of China’s capital market has been relatively mature and is limited by the influence of peripheral markets. The A-share market is expected to reverse the previous downward trend and return to the upward channel.
