Stimulated by multiple positive news, both Shanghai and Shenzhen stocks opened sharply higher, the Shanghai index rose more than 1%, the GEM index rose more than 3%, and the stocks were all red.
Hong Kong's Hang Seng Index opened up 2.22% to 25,980.44 points. After the opening, it once again returned to 26,000, refreshing more than a week high. Currently around 26000.
In the four trading days since Tuesday, A-shares have risen sharply under the intensive top-level favorable policy, rising from 2,542 points on Monday to about 2,640 points, up 100 points.
The Hang Seng Index rose about 150 points in two trading days and is expected to stand 26,000 points today.
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A-share Hong Kong stocks opened higher
Aviation, technology and other sectors are among the top gainers
In the specific industry sector, A-share aviation stocks opened up broadly, Huaxia Airlines daily limit, China's Air China, Eastern Airlines, China Southern Airlines were more than 8% higher, Jixiang Airlines, Spring Airlines also have a high performance.
The rise in aviation stocks was mainly stimulated by the drop in oil prices. It is reported that the new round of refined oil price adjustment window will open at 24:00 on November 2. The agency predicts that oil prices will usher in the biggest decline in the year, ending the previous "four consecutive rises", the rate of reduction per ton is in the range of 330-340 yuan, 92# gasoline per liter price or return to the 7 yuan era.
On the disk, technology stocks continued their momentum yesterday and continued to rise strongly. The data shows that the three sectors of the CITIC Tier 1 industry's electronic components, computers, and communications are among the top gainers. Seven stocks, including Zhongxin Technology, Dahua, and Hikvision, are trading at the daily limit. North Huachuang, Shenxinfu, ZTE, etc. rose more than 5%.
Hong Kong stocks and technology stocks also ushered in a big upswing. Sunny Optical opened a daily limit, as the press release rose more than 8%; Tencent Holdings once rose more than 6%, and the market value returned to 2.8 trillion Hong Kong dollars.
In addition, A-share consumer sectors such as home appliances, food and beverage, food and beverage industries also rose well, with Midea Group, China International Travel Service and Fuling Mustard rising more than 5%.
China stocks skyrocketed overnight, 92 stocks rose more than 5%
US stocks closed up overnight. Under the recent favorable domestic policies, China's concept stocks generally closed up. The data shows that there are 205 stocks in the US and China, and 164 of the 80% stocks have all risen, and 92 stocks have risen more than 5%.
Zhongji Internet stocks performed well. Alibaba rose 6.29%, Jingdong rose 8.21%, Baidu rose 6%; Vipshop soared 17.28%, the second largest gain in China stocks.
More than 15.24%, Sogou rose 13.94%, Iqiyi rose 13.39%, Tiger tooth live rose 12.99%, Weibo rose 12.27%, Weilai Automobile rose 12.03%; another pleasant loan, fun shop, excellent letter, interesting headlines The stocks rose by more than 10%.
Top-level policies are frequent, A-shares are welcoming the top ten
1. Xi Jinping and Trang Mandarin last night, the trade friction appeared to ease.
On the evening of November 1, President Xi Jinping should make an ordinary phone call with US President Trang. The two sides exchanged views on major issues such as the healthy and stable development of Sino-US relations and the expansion of Sino-US economic and trade cooperation, and exchanged views on the situation on the Korean Peninsula. It also agreed to meet again during the summit of the G20 leaders in Argentina and conduct in-depth discussions.
Xi Jinping pointed out that the essence of Sino-US economic and trade cooperation is mutual benefit and win-win. In the past, China and the United States have had some differences in the economic and trade field, and the related industries and global trade between the two countries have been adversely affected. China and the United States have a successful precedent for resolving economic and trade problems through coordination and cooperation. The economic teams of the two countries should strengthen contacts, conduct consultations on issues of mutual concern, and push for a mutually acceptable solution for China-US economic and trade issues.
2. Xi Jinping presided over the symposium of private enterprises. The six major measures solved the difficulties in the development of private enterprises and gave the entrepreneurs a reassurance.
Yesterday, Xi Jinping hosted a private enterprise symposium. At the meeting, Xi Jinping emphasized that supporting the development of private enterprises is the consistent policy of the Party Central Committee. This will not be shaken. He also fully affirmed the important position and role of China's private economy, correctly understood the difficulties and problems encountered in the current private economy development, and vigorously supported the development and growth of private enterprises.
At the meeting, Xi Jinping proposed six aspects of policy measures: reducing the burden of corporate taxes and fees, solving the problem of financing difficulties for private enterprises, creating a level playing field, building a new type of political and business relationship, and protecting the personal and property safety of entrepreneurs.
3. The RMB exchange rate rose sharply during the day and the RMB short position was hit hard.
Last night, the onshore RMB exchange rate rose from 6.9805 to 6.9191, soaring 600 points; offshore RMB recovered 6.92, and the intraday increase expanded to 560 points or 0.8%. The renminbi bears suffered heavy losses.
In the last week of October, the RMB exchange rate broke through 6.96 and 6.97 points in a row, hitting a new low since May 2008. From Thursday's Asian plate to Thursday's US stock market in midday, the onshore RMB regained six passes, and the offshore RMB successively recovered seven passes.
In the morning of this morning, the onshore RMB reported 6.9371, and the offshore RMB was above the 6.91.
4. The CSRC piloted the convertible bonds to support the merger and reorganization of listed companies to become better and stronger.
On the evening of November 1, the "CSRC piloted convertible bond mergers and acquisitions to support the development of listed companies" was released. The China Securities Regulatory Commission said that it will actively promote the use of targeted convertible bonds as a pilot for M&A and restructuring transaction payment instruments, and support all types of enterprises, including privately-held listed companies, to become better and stronger through mergers and acquisitions.
Targeted convertible bonds are an important way to help companies introduce powerful strategic investors. The CSRC said that the next step will continue to play the role of market mechanism, continue to study and comply with the demands of market entities, and create conditions to support various enterprises to optimize resource allocation through mergers and acquisitions and achieve high-quality development.
5. Foreign capital smashed the bottom, and the capital of the north bought a total of 8.5 billion yuan in A shares yesterday, a record high of four years.
Shanghai-Shenzhen-Hong Kong-Tongbei has continuously invested in A-shares in a row. Yesterday's data showed that the net access to the northbound capital of the Internet was 8.482 billion yuan, which became the highest amount in the history of the 12 billion yuan on the day of the opening of the Shanghai Stock Connect on November 17, 2014, which was a net high in the past four years.
Among them, Shanghai Stock Connect bought 5.596 billion yuan, and Shenzhen Stock Connect bought 2.886 billion yuan. Guizhou Moutai net purchase exceeded 1.5 billion yuan, China Ping An net purchase exceeded 700 million yuan, Hengrui Medicine, Conch Cement, China Merchants Bank net purchase of more than 300 million yuan.
6. The stamp duty legislation seeks opinions and authorizes the State Council to adjust the stamp duty on securities transactions to facilitate the stability of the stock market.
Yesterday morning, the website of the State Administration of Taxation issued the "People's Republic of China Stamp Tax Law (Draft for Comment)", which publicly solicited opinions from the public. In the future, the "Provisional Regulations on Stamp Duty of the People's Republic of China" will be raised to law.
The stamp duty on securities transactions is maintained at a rate of 1‰. Article 18 of the Exposure Draft shows that the taxpayer of the securities transaction stamp tax or the adjustment of the tax rate shall be decided by the State Council and reported to the Standing Committee of the National People's Congress for the record. This means that when the stock market encounters large fluctuations, the State Council can better regulate the camera and increase the flexibility of taxation.
7. The Central Political Bureau meeting releases the five major signals of current economic operations.
The Politburo of the CPC Central Committee held a meeting on October 31 to analyze and study the current economic situation, deploy current economic work, and release five major signals that unswervingly promote high-quality development.
First, grasp the main contradictions of economic operation and solve them in a targeted manner. Second, effectively manage their own affairs and promote high-quality development and development. Third, study and solve the difficulties encountered by private enterprises and small and medium-sized enterprises. Fourth, strengthen capital. The market system construction stimulates market vitality; the fifth is to continue to actively and effectively use foreign capital and safeguard the legitimate rights and interests of foreign-funded enterprises in China.
8. The State Council issued a document, and the top ten measures of the nine major tasks kept the infrastructure construction short.
On October 31, the General Office of the State Council issued the "Guiding Opinions on Maintaining the Shortcomings in the Infrastructure Sector", deploying nine key tasks, proposing ten supporting policies and measures, and maintaining the support of the infrastructure.
Among the nine key tasks, the first push for poverty alleviation, especially the strengthening of infrastructure and basic public service facilities in poverty-stricken areas; traditional railways, highways/waterways, airports, water conservancy, and energy are still the main investment directions; agriculture and rural areas, ecological environment, and society People's livelihood is a single column in three areas.
The ten supporting policies and measures involve: major project reserves, project promotion, safeguard measures, fund management, financial support, financing platform support, private investment, PPP, escrow service, and risk prevention.
9. The CSRC issued a statement to optimize trading supervision and reduce trading resistance.
On the morning of October 30, the China Securities Regulatory Commission issued a statement stating that it is accelerating the promotion of three aspects in accordance with the unified deployment of the Financial Development and Stability Commission of the State Council, and responding to market concerns.
The first is to improve the quality of listed companies. Strengthen the governance of listed companies, standardize information disclosure and transparency, and create conditions to encourage listed companies to carry out repurchase and mergers and acquisitions.
The second is to optimize transaction supervision. Reduce trading resistance and increase market liquidity. Reducing unnecessary interventions in the trading process, allowing the market to have clear expectations for regulation and giving investors an opportunity to trade fairly.
The third is to encourage value investment. Play the role of institutional investors such as insurance, social security, various securities investment funds and asset management products, and guide more incremental medium and long-term funds to enter the market.
10. The Securities and Futures Commission rumored that the "five national team funds were liquidated" rumors, indicating that the national team positions increased.
In response to rumors that the "five 'national team' funds have been liquidated" on the market, the spokesman of the China Securities Regulatory Commission clarified this Monday that the report was misinterpreted. The fact is that the stocks held by the relevant institutions have not reduced their holdings, but instead increase.
The China Securities Regulatory Commission said that the stock market stability funds are multi-channel, and the five funds are only a part of them. The operation of their positions is not enough to represent the trend of the entire "national team". The stocks held by relevant institutions have not increased their holdings.
According to statistics, in the second quarter of this year, the “national team” such as securities, securities management, Huijin, and social security increased their holdings by 408 stocks. According to the third quarterly report of the listed company, the securities increased by 83 stocks in the third quarter, and the top ten shareholders of the 37 listed companies were newly listed. Huijin and the securities management also increased their holdings. In addition, in the third quarter, Huijin, social security, etc. also purchased a number of ETFs such as SSE 50, CSI 300, CSI 100, and GEM.
A-share index fund
|Fund code||Fund abbreviation||Nearly three years of income||Handling fee||operating|
|310398||Shen Wanling letter Shanghai and Shenzhen 300 value index||30.04%||1.20% 0.12%||buy Account opening|
|110003||E Fund SSE 50 Index A||29.43%||1.50% 0.15%||buy Account opening|
|240019||Huabao SSE 180 Growth Connection||14.16%||1.50% 0.15%||buy Account opening|
Source: Eastern Fortune Choice Data, Galaxy Securities, deadline: 2018-11-01
(Article source: China Fund News)