1. Trading prompt
1. The market showed a continuous pullback after five consecutive positive moments, and fell below the 5 and 20-day lines yesterday, and the short-term adjustment may continue. The Shanghai and Shenzhen stock markets sold 759.5 billion yuan throughout the day, and the volume was further narrowed. On the market, a few sectors such as shipping and batteries rose, while the rest were in a downward pattern, with precious metals, gas, food and beverage sectors leading the decline. Although stocks rose less and fell more, the shrinking volume pullback did not cause panic in funds. The northbound funds sold net sales of 6.002 billion yuan, and Kweichow Moutai , Midea Group , and Ping An were net sales of 1.085 billion yuan, 466 million yuan and 341 million yuan respectively; CATL ranked first with the net purchase amount of 190 million yuan. Some institutions believe that A shares are indeed in a bottom range at present, and this bottom may not be a short-term bottom, but a bottom in the next 2-3 years or even longer.
It is also worth mentioning that since October 17, 26 investment institutions (public funds, asset management, private equity funds ) have announced that they plan to subsidize their fund products for more than 1.8 billion yuan. It is worth noting that many public funds specifically stated in their self-purchase announcements that the products they purchase are mainly equity funds, and they are full of sincerity. Industry insiders said that fund companies have demonstrated their own purchasing of their fund products, especially equity funds, the attitude of fund companies sharing risks and sharing interests with investors, and further demonstrates their confidence in the long-term optimism of the capital market.
Note: 10.17, 10.18, 10.19 Institutional self-purchase situation
2. Hong Kong stock transactions were HK$84.751 billion. On the market, technology, medicine, new energy vehicles and consumer stocks ranked among the top in the decline, while real estate stocks opened high and closed low and . Shipping stocks are relatively strong. Taiwan weighted index closed down 1.13%. Southbound funds received a net purchase of HK$4.54 billion, while Tencent Holdings, Hang Seng Chinese Enterprises, and Yingfu Fund received a net purchase of HK$906 million, HK$853 million and HK$310 million, respectively; Li Ning net sales ranked first, with an amount of HK$375 million.
3. The Hong Kong Stock Exchange plans to amend the listing rules next year to facilitate financing for special technology companies that have not yet met profits and transaction requirements. In addition, the Hong Kong Stock Exchange plans to revitalize the GEM ( GEM ) market to provide an effective financing platform for small and medium-sized enterprises and start-ups. The profit attributable to shareholders of the Hong Kong Stock Exchange in the third quarter was 2.263 billion yuan, a year-on-year decrease of 30%.
4. The launch of personal pension business is accelerating. According to relevant securities firms, China Settlement has completed the first round of personal pension industry platform docking and acceptance testing, and the first batch of about 7 securities firms participated in the test, mainly leading securities firms.
2. Macro industry
Supreme Court stated that it will continue to increase judicial protection of intellectual property rights , promote the improvement of the protection rules for intellectual property rights in the fields of big data, artificial intelligence , gene technology , and other fields, further strengthen anti-monopoly and anti-unfair competition justice, regulate and guide the healthy development of capital in accordance with the law.
Recently, many banks held meetings to deploy key tasks in the fourth quarter. The main measures introduced in doing a good job in credit is to relax credit access conditions in key areas, reduce corporate loan interest rates, improve the quality and efficiency of investigation and review work, and make full use of differentiated policies. Manufacturing, strategic emerging industries, inclusive small and micro enterprises, technology-based enterprises, green credit , etc. are the main directions of efforts.
Beijing Capital Market Financial Technology Innovation Pilot Second batch of projects began to be collected, and accounting firms and law firms can apply for pilot projects within the securities futures business scenarios; the definitions and compliance requirements of four types of projects: business innovation, public services, technological innovation and technology empowerment are further clarified.
It is reported that the six major state-owned banks will provide at least 600 billion yuan in real estate financing support, including mortgage loans, mortgage loans, development loans or bond purchases. In response to this, the head of financing of leading private enterprises and many banks said that the news is true, and state-owned enterprises, central enterprises and high-quality private enterprises are the main targets of this round of new financing quotas.
Hainan Provincial Executive Vice Governor Shen Danyang said that we must strive to launch the closure of the entire Hainan island by the end of 2025, that is, we must fully implement the management system of "letting open the front line and controlling the second line" across Hainan island.
3. Times of the fund's heavy holdings in stocks
Star Public and private equity fund manager's latest holdings changes situation is exposed. Feng Liu continued to increase its holdings in the security leader Hikvision 34 million shares, with a total increase of about 1 billion yuan; Liu Yanchun also continued to stick to the stock. Deng Xiaofeng newly entered the list of top ten shareholders of the leading media Focus Media in October, but Zhang Kun withdrew. The two new water inlet treatment agents under Panjing Investment, led by Zhuang Tao, are listed as the top ten circulating shareholders of Taihe Technology.
