Recently, BYD released its performance forecast for the third quarter and the first three quarters of this year. Due to its outstanding performance, BYD's stock price also rose sharply yesterday. However, Hong Kong Stock Exchange documents show that BlackRock, the world's largest asset management institution, reduced its holdings in BYD shares, and its shareholding ratio dropped from 6.21% to 5.85%. Regarding the specific reasons for the reduction, BYD responded: "The company has tried to communicate with shareholders, but has not learned any substantial information. Reducing shares is the free choice of shareholders. 
Since July this year, BlackRock has increased its holdings twice in BYD H shares, and on the latest October 10 and 11, the institution has conducted another reduction and increase in holdings. Some industry insiders analyzed that BlackRock has the trading habit of frequent operations, which is a short-term behavior and may not be closely related to BYD itself.
is not just BYD. BlackRock has recently reduced its holdings in many Hong Kong stocks, including Conch Cement , Fosun Pharma , China Aluminum , etc. According to BlackRock's forecast, the risks caused by the economic recession and the comprehensive impact of interest rate hike are not reflected in the price of stock assets, so the stock price has room for further decline. This may also be one of the reasons for its reduction in BYD.
finance Category Latest News
finance
The intensified European energy crisis and the cold winter is approaching, and China-made warm products have become popular in Europe. Data provided by cross-border platform AliExpress shows that since October, sales of pantyhose similar to leggings have increased by 131% month-o
Haidai Finance Comment｜This cold winter, the "warm economy" is popular
finance
Starting a business is an extremely difficult process. How entrepreneurs are the best self on the road to entrepreneurship, this article introduces the insights of two successful entrepreneurs. 20 years ago, Peng Yunjuan and his younger brother ran a shop selling essential oil fr
Be the best self on the road to entrepreneurship
finance
At present, Jing'an Technology Enterprise Hehe Information Company has created an "AI+OCR" anti-money laundering solution through intelligent text recognition technology, helping foreign banks successfully automate compliance audits for cross-border settlement business. The revie
Review time is reduced by 90%, Hehe Information Technology's "magic tool" solves the risk control problems of foreign banks
finance
Data from Jiangsu Sunshine Co., Ltd. (Jiangsu Sunshine, stock code: 600220) on October 19 showed that Jiangsu Sunshine received financing purchases of 3.4761 million yuan, accounting for 18.51% of the purchase amount on the day, and the current financing balance is 215 million yu
Jiangsu Sunshine receives a prior notice of administrative penalty, and investors claim compensation in action
finance
According to data from Juchao Information Network, in the past two and a half years, Kanghong Pharmaceutical has disclosed nearly 80 announcements about using its own funds to purchase financial management, that is, there are an average of two to three announcements about purchas
Behind Kanghong Pharmaceutical's "crazy" buying financial management: its stock price was "cut down" in less than three years, its important product Kangbocept "goes overseas" and its stranded in Europe and the United States, resulting in more than 1 billion yuan was wasted, and
finance
According to the World Hearing Report 2021 released by the World Health Organization, the number of hearing-impaired people worldwide in 2019 reached 1.582 billion, and the number of hearing-impaired people reached 430 million.
Hexun SGI|Profitability has declined in the past four years, with Jinhao Medical Hexun SGI index scored 77 points. Shareholders’ share reduction caused the stock price to fall?
finance
According to production and sales data released by the China Association of Automobile Manufacturers, in September 2022, 52,000 heavy trucks were sold, an increase of 12.1% month-on-month and a decrease of 12.5% year-on-year;
Sales of heavy trucks in September increased by 12% month-on-month
finance
In such a market, there is an obvious arbitrage opportunity, that is, chip semiconductors. At 10:30, chip semiconductors rose by more than 1% from the green plate to the rise, and many individual stocks began to pulse. 20 cm included Tiandeyu and Jinghuawei, and 10 cm included Da
Semiconductors hit the daily limit, but the main line has a signal of ebbing tide
finance
Most of the real estate companies mentioned in the article have been dormant in the market for many years. They have not only reserved the industry's core capabilities, but also seen through the fluctuations and warmth of the real estate industry. They attacked against the trend
Wang Yanxing commented on "The real estate industry is integrated and reshuffled, and a group of once marginalized real estate companies are awakening"
finance
The financial market has always been the target of the real economy. In mid-to-late October, [Golden Land Group] bonds experienced significant abnormal fluctuations many times, and many domestic and foreign bonds fell by 20%-50%, which attracted market attention. The capital mark
Another one! State-owned real estate companies are about to burst
