On the morning of April 4, Hong Kong stocks opened higher and went higher. As of the noon closing, the Hang Seng Index rose 1.24%, the state-owned enterprise index rose 1.9%, and the Hang Seng technology index rose nearly 3%.
The return of concept stocks led to the overall rise of the science and technology sector, while the anti epidemic concept stocks, new energy and real estate sectors performed strongly. On the other hand, the performance of coal and tobacco stocks fell slightly, while that of Electronics Stocks fell slightly.
Asia Pacific stock markets generally rose. As of press time, the Nikkei 225 index rose 0.15%, the Korea composite index rose 0.31%, and the FTSE Singapore Strait index rose 0.16%.
Internet stocks rebounded across the board
On the morning of the 4th, the Hang Seng technology index rose sharply. As of noon, the Hang Seng technology index closed up 1.24% to 22313 points, with a turnover of HK $50.4 billion, the national index rose 1.9% and the Hang Seng technology index rose 2.98%.
Internet technology stocks rose collectively. BiliBili rose nearly 10% to HK $234 / share.
Baidu and Kwai Yun rose 6%, Jingdong rose 5%, fast hand, NetEase rose 4%, and the US group rose 3%.
On the news, on April 2, the CSRC, together with the Ministry of finance, the state security administration and the state archives administration, solicited public opinions on Revising the provisions on strengthening the confidentiality and archives management related to overseas securities issuance and listing (hereinafter referred to as the provisions).
The person in charge of relevant departments of the CSRC said that the CSRC firmly supports enterprises to choose the place of listing according to their own wishes. The revision of the provisions aims to further strengthen the confidentiality and file management related to overseas issuance and listing of domestic enterprises, clarify the information security responsibilities of listed companies, maintain national information security, reduce unnecessary confidential sensitive information into the working paper, improve the efficiency of cross-border regulatory cooperation, reflect the concept of overall openness and security, and will promote the orderly development of overseas securities issuance and listing activities of Chinese domestic enterprises.
Hong Kong’s new energy vehicle sector rose as a whole, and Byd Company Limited(002594) shares rose 1.51%. On April 3, Byd Company Limited(002594) announced in the Hong Kong stock exchange that according to the needs of the company’s strategic development, the company will stop the whole vehicle production of fuel vehicles from March 2022. In the future, in the automotive sector, the company will focus on pure electric and plug-in hybrid vehicles. The announcement also pointed out that the company will continue to produce and supply fuel automobile parts, continuously provide perfect service and after-sales guarantee for existing fuel automobile customers, as well as the supply of spare parts throughout the life cycle, so as to ensure worry free travel.
Ideal automobile rose by more than 5%, Xiaopeng automobile rose by 4.49%, and Weilai and Byd Company Limited(002594) shares rose by more than 3%. The delivery data of new forces of car making in March was freshly released. Among them, Xiaopeng reached the top again with the delivery volume of more than 15000 units, the ideal vehicle delivery volume exceeded 11000 units, and the delivery volume of Weilai was 9985 units, increasing for 8 consecutive quarters Byd Company Limited(002594) also in the first three months, the sales volume of new energy vehicles increased by 422.97% year-on-year.
Cansino Biologics Inc(688185) bio increased 5.98%. In April 4th, Cansino Biologics Inc(688185) bio was announced at the HKEx. The New Coronavirus mRNA vaccine developed by the group has been approved by the National Drug Administration’s clinical trial. Preclinical research results show that this vaccine can induce high titer neutralizing antibodies against a variety of important variants identified by the World Health Organization (including current epidemic strains). Compared with the existing covid-19 vaccine developed based on the prototype strain, it has a wider spectrum and can more effectively protect the body from the infection of existing variants.
The tobacco and alcohol sectors are low. As of press time, smore international fell 1.99%, Warburg international fell 1.82%, and China Tobacco Hong Kong and China Bolton fell. Yinji group fell 2.86%, China Resources beer fell 1.85%, Dynasty liquor and Budweiser Asia Pacific fell more than 1%.
real estate sector explosion
Hong Kong stocks and real estate sector led the rise today, with Longguang group up more than 19%, China Jinmao up more than 21%, rongchuang service up more than 20% and new town development up 17.59%.
In terms of news, on April 1, Quzhou City, Zhejiang Province issued the notice on promoting the virtuous circle and healthy development of urban real estate industry, in which the purchase restriction policy was cancelled and the sales restriction policy was relaxed. Industry insiders believe that this is the first city in China to relax the “two restrictions” at the same time this year, which has a very strong signal significance.
According to the incomplete statistics of the China Index Research Institute, since 2022, more than 60 cities across the country have relaxed the real estate regulation and control policies in terms of reducing the down payment ratio, reducing the housing loan interest rate, increasing the amount of provident fund loans, increasing the introduction of talents and issuing house purchase subsidies. The demand side policies have been continuously strengthened, which is conducive to promoting the release of reasonable house purchase demand. At the same time, many cities on the supply side reduced capital supervision, delayed the payment time of land transfer fee, reduced the proportion of deposit, etc.
Zhang Dawei, chief analyst of Centaline real estate, believes that in March, the national real estate market regulation and control policies were comprehensively changed, and a total of 56 real estate regulation and control policies were issued nationwide. From ministries and commissions to local governments, from provident fund to down payment percentage, loose real estate regulation and control has become the policy theme since the first quarter of 2022, especially in March. It is expected that with the emergence of the bottom of the policy, the bottom of market transactions will gradually begin to approach.
Zhongtai Securities Co.Ltd(600918) Li Xunlei:
Chinese stocks and Hong Kong stocks have oversold
After a long period of adjustment, what is the current position of Hong Kong stocks?
Zhi Yaohui, director of yaocai securities research department, said that with the support of new economic stocks and financial stocks, the Hang Seng index began to build well, and the highest rose to 22391 points, approaching the 22400 point mark. However, as the US stock exchange made another move to include more Chinese stocks in the delisting list, and the situation in Russia and Ukraine became uncertain again, dragging down the performance of Hong Kong stocks. However, the Hang Seng Index finally regained 22000 points to close at 22039 points last Friday, rising 634 points in the whole week, and the transaction was reduced due to the suspension of Hong Kong stock connect.
Meituan was the blue chip with the largest increase, with a cumulative increase of 15%. In fact, if Tencent and Ali are taken into account, they have contributed nearly 290 points to the Hang Seng index last week. As for international financial stocks, which also benefited from the warming expectation of interest rate hike in the United States, AIA and HSBC rose 3.6% and 3% respectively.
In terms of short-term trend, the trend of the Hang Seng Index seems to have improved slightly, but the overall investment climate remains to be observed. In particular, the situation in Russia and Ukraine is good and bad, and investors will continue to wait and see the performance of a series of economic data released by China and the United States in the future. In addition, although the performance period has passed, the performance of most companies has not been outstanding, which also makes Hong Kong stocks lack a rising catalyst. It is believed that even if the Hang Seng index rises, there will be greater resistance above 22500 points. In the short term, it competes at the level of 218 Lianhe Chemical Technology Co.Ltd(002250) 0 points.
Zhongtai Securities Co.Ltd(600918) chief economist Li Xunlei accepted the securities times. In an exclusive interview with Chinese reporters from securities companies, China concept stocks and Hong Kong stocks have actually oversold, and the oversold factors are more complex.
First of all, since last year, China has proposed anti-monopoly and preventing the disorderly expansion of capital, and rectified and standardized many problems existing in real estate, medical treatment, education, Internet and other industries, so as to achieve the goal of a fair competition business environment and the equalization of public services. This is a poor expectation for investors who invested in stocks in the past; Secondly, the SEC of the United States has raised the regulatory requirements for China concept shares. For example, it has increased the information disclosure requirements for Chinese enterprises to list in the United States, included five China concept companies in the tentative list, and even put forward many audit requirements, which has greatly increased the delisting risk of China concept shares; Third, after the conflict between Russia and Ukraine, investors worried that some Chinese enterprises might be subject to sanctions, which led to the decline of share prices.
At the same time, Hong Kong stocks were also dragged down by China concept stocks. Under the influence of the departure of some foreign capital, there was an irrational decline. The special meeting of the financial committee made positive responses to the concerns of investors, which basically eliminated everyone’s doubts. For example, it is proposed that the CSRC and the US SEC should strengthen cooperation and consultation and strive to reach an agreement on the regulatory requirements for Chinese companies listed in the United States. It also puts forward clear principles and schemes for Internet platform enterprises and real estate enterprises on how to standardize development and risk prevention. Therefore, the stability and recovery of China concept stocks and Hong Kong stocks in the future can also be basically determined
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