U.S. stocks were downgraded by the threat of recession, and Hong Kong stocks rarely performed strongly. The Hang Seng Index rose more than 900 points to close on the hope that the mainland would relax epidemic prevention measures and support measures for real estate companies. The sharp drop in the market in October frightened stockholders from buying, and the sharp rebound in November made stockholders afraid to chase following it. The stock myth is that I fear when others are greedy, and I am greedy when others are fearful. It is indeed easier said than done.
Although the U.S. stock market fell back, Chinese concept stocks listed in the U.S. performed well the previous day. The Hang Seng Index opened well yesterday, and the market continued to speculate that the mainland will relax epidemic control measures. Some major banks estimate that it will be implemented in the second quarter of next year, and the stocks related to the mainland, whether they are real estate companies, Chinese banks, or domestic insurance companies, are all doing well. Stocks rose one following another, making the sentiment of Hong Kong stocks turn optimistic.
Zhongzi shares are warm
According to the spokesperson of the China Securities Regulatory Commission, the China Securities Regulatory Commission actively exerts 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 supplementation, 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 resuming mergers and acquisitions and supporting financing of listed companies involved in real estate business, resuming refinancing of listed real estate companies and real estate-related listed companies, adjusting and improving the listing policies of real estate companies in overseas markets, Further play the role of REITs in revitalizing the stock assets of real estate companies, and actively play the role of private equity investment funds.
Regarding the power of the third arrow, analysts in Hong Kong and the Mainland have somewhat different views. Hong Kong or foreign capital tend to downplay the positive effects, believing that there are limited domestic private companies that can meet the conditions for pumping funds, and the proportion of equity financing is relatively small compared to debt financing. They believe that the policy The psychological effect is stronger than the reality. However, mainland stockholders expressed their position with a silver bullet. Mainland real estate stocks and bonds soared, and the kitchen and bathroom appliances, property management concepts, and the concept of renting and selling with equal rights all performed well. Several stocks in the real estate industry rose by nearly 10%. According to Wind statistics, 43 real estate stocks rose by more than 20% in November, and some stocks rose by more than 50%. The domestic real estate bonds continued to rise, and 12 domestic real estate bonds were suspended during the session, and the bond prices rose by more than 20%.
Due to the enthusiasm of mainland stockholders, stocks related to mainland real estate and property management listed in Hong Kong have jumped sharply. Country Garden (2007) closed at 5% to 3.05 yuan; 2777) rose 13% to close at 2.03 yuan; Yuexiu Property (0123) closed at 9.8 yuan, up 6%; Longfor (960) rose 11% to close at 23.1 yuan. Property management stock Bifu (6098) soared 13.7% to 19.3 yuan, the best performing blue chip stock; China Overseas Property (2669) rose 10% to close at 8.85 yuan. Foreign investors still tend to be cautious regarding the mainland real estate market, but the central government has shot out one arrow at a time to continuously consolidate the bottom of the policy. Therefore, unless it feels that the mainland as a whole will collapse in the end, depending on the general trend, the most dangerous moment for mainland real estate should pass, and you can continue to speculate while collecting.
Under the expectation of favorable policies, Hong Kong stocks rose significantly. In the late market, affected by the press conference of the National Health Commission on the lockdown of the mainland epidemic, the Hang Seng Index continued to test 18,000 points, and finally closed at a full-day high, closing at 18,204 points, up 906 points. The State Index closed at 6,236 points, up 364 points; the KSZ Index rose 262 points, to close at 3,695 points, and the turnover increased to 166.7 billion yuan. Many sectors of Chinese stocks performed well, and the scene was warm.
Chinese banking stocks and Chinese insurance stocks, which belong to the same traditional sector as Chinese real estate companies, also performed well. China Merchants Bank (3968) rose 9% to close at 38.3 yuan; Bank of Qingdao (3866) rose 12% to close at 3.87 yuan; Zhongyuan Bank (1216) soared 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 pandemic continues to be hyped
Pinduoduo’s revenue in the third quarter was better than expected. Overnight, Chinese concept stocks bucked the trend and rose. Yesterday, technology and Internet stocks continued this upward trend. Bilibili (9626), which will announce its results later, soared 14% to close at 108.6 yuan; Alibaba (9988) also surged 9% to close at 78.75 yuan; Tencent (700) rose 6% to close at 285.8 yuan; Meituan (3690) rose 12% to close at 155.4 yuan; Baidu (9888) rebounded nearly 9%, It closed at 98.15 yuan; Jingdong (9618) rose nearly 11% to close at 210.8 yuan; Netease (9999) rose 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 the prevention and control of the epidemic. Domestic consumption stocks and tourism stocks rose. Haidilao (6862) rose another 12% to close at 16.56 yuan.
Jin Riku
