Hong Kong stocks opened, the Hang Seng Index fell 0.02%, the index rose 0.14%; auto stocks opened higher, XPeng Motors (09868.HK) rose more than 7.7%, NIO (09866.HK) rose more than 6.5%, BYD shares (01211.HK) rose nearly 5%, China International Capital Corporation (03908.HK) fell more than 7%, China Galaxy (06881.HK) fell nearly 6%.
On January 15, China International Gold Research reported that in a neutral scenario, due to the huge amount of gold reserves that Asian central banks need to replenish, and the more complicated global situation after Trump takes office, the credibility of the US dollar system will decline. We expect the central bank's gold purchase rate to remain at least as it is, that is, at around 1,000 tons/year. For US debt, we use the forecast of the US Federal Budget Committee (CRFB) benchmark scenario, ...
CICC: From January 1, 2025 to December 31, 2025, the stock index futures and government bond futures delivery fees, stock index option call-over (performance) fees will be charged by half, except for high-frequency traders identified by the exchange.
The number of new jobs in the US rose sharply to 227,000 in November after being severely hampered by hurricanes and strikes, but the unemployment rate also rose to 4.2 per cent, suggesting the labour market is slowing, according to the China Gold Research Report. Overall, the labour market remains in a state of "weaker job growth momentum, but the job market itself is not weak", which will provide the reason for the Federal Reserve to cut interest rates again in December. However, it is also pr...
On November 4th, the China Gold Research Report said that in the next few years, China will most likely be in a state of "fiscal expansion and central bank expansion". Although the specific path and rhythm remain to be seen, in terms of its mechanism of action, the future development is to reduce the dependence on credit (or the expansion of commercial banks' balance sheets), which in turn reduces the role of land scale diseconomy, which is conducive to the potential of economy of scale to promo...
On October 26th, China International Capital Corporation issued an announcement on the case of being filed by the Securities Supervision Commission due to the suspected failure of Shanghai Sierxin Technology joint stock company's IPO sponsorship business to be diligent and dutiful. The company said that it had received the "Administrative Penalty Notice in Advance" from the Securities Supervision Commission. The Securities Supervision Commission intends to order the company to make corrections, ...
Class A shares of the precious metals plate plate initially pulled up, Xiaocheng Technology, China Gold Gold, Shanjin International, Shandong Gold collectively pulled up.
October 11 news, CICC disclosure announcement, on the same day received the China Securities Supervision Commission "notice of filing", because the company is suspected of Sierxin initial public offering sponsorship business is not diligent, according to relevant laws and regulations, the China Securities Supervision Commission decided to file a case against the company. The relevant person of CICC responded to the reporter: the company has received the China Securities Supervision Commission on...
On October 7th, in order to meet the needs of investors for opening and transferring money tomorrow, many brokerages negotiated with banks to advance the transfer time of bank securities. The latest notice issued by CICC Wealth has advanced this time to 6:50 in the morning (ICBC), becoming the first brokerage that can transfer bank securities before 7:00. Other times are 7:00 (China CITIC Bank) and 7:15 (CCB). According to incomplete statistics, as of now, 12 banks have supported advance bank se...
In response to the Federal Reserve's interest rate cut of 50bp, CICC issued a comment saying that the interest rate cut of 50bp was an unconventional start and partially exceeded market expectations. The 50bp cut was in line with expectations for CME interest rate futures, but it exceeded the forecasts of many Wall Street investment banks and was an "unconventional" start. Historically, interest rate cuts starting at 50bp have only occurred in times of economic or market emergency, such as the t...
The CICC research report pointed out that from the perspective of interest rate decision, the Federal Reserve has taken a larger 50 basis point interest rate cut, which is more aggressive than we expected. The monetary policy statement pointed out that recent inflation data has given policymakers more confidence in achieving the 2% inflation target. The Fed's actions suggest that its response function has shifted from focusing on inflation to focusing on employment. We believe...
On September 15th, according to the analysis of the research report of China International Capital Corporation, the economic data in August showed that domestic demand was still weak, and the marginal slowdown was lower than that in July. The year-on-year growth rate of the industrial and service industries at the production end declined, while the external demand at the demand end remained resilient, and the year-on-year growth rate of consumption and investment in domestic demand slowed down. ...
On September 6th, Huachuang Securities said that if Guotai Junan and Haitong Securities merge, the total assets and net assets will rank first in the industry. If the merger goes well, the imaginative space of the merger of leading high-quality securities firms such as CICC and Galaxy, Jiantou and CITIC is expected to be further opened. The report pointed out that if Guojun and Haitong merge, based on the data of the 2023 annual report, the combined total assets and net assets will reach 1.68 tr...
On August 30, China International Capital Corporation (03908.HK) announced that the company achieved operating income of 8.911 billion yuan in the first half of 2024, a decrease of 28.26% compared with the same period in 2023. The net profit attributable to the shareholders of the parent company was 2.228 billion yuan, a decrease of 37.43% year-on-year. The company plans to distribute a total cash dividend of 434 million yuan, 0.9 yuan for every 10 shares.
The CICC Research Report said that the overall tone of the Federal Reserve meeting was dovish, and several adjustments to the wording hinted that the September interest rate cut was approaching. However, we also stressed that being able to cut interest rates does not mean that it will be cut many times, which is also the "particularity" of this round of interest rate cuts determined by this round of US economic cycles. It is precisely because of the above particularities that compared with previ...