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Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission: Promote the implementation of the reform of the overseas listing system for enterprises, support all types of enterprises to go overseas listing in accordance with the law and regulations
Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission, said in his speech at the 5th Hongqiao International Economic Forum "China's Capital Market High-Quality Opening-up" sub-forum that it will continue to improve relevant institutional arrangements, further facilitate cross-border investment of domestic and foreign investors, and better support the cross-border financing development of enterprises. Improve the market interconnection mechanisms such as GDR and CDR issuance, promote the implementation of the reform of the overseas listing system of enterprises, and support all types of enterprises to go abroad for listing in accordance with the law. Strengthen pragmatic cooperation between the mainland and Hong Kong's capital markets, expand stock targets for the Shanghai-Shenzhen-Hong Kong Stock Connect, include more A-share listed companies, support Hong Kong to launch RMB stock trading counters, support and coordinate with Hong Kong to launch treasury bond futures in Hong Kong, and achieve complementary advantages and coordinated development of the two places.
Still "hard" before the midterm elections ? Biden : The Democratic Party will win, the US economy is improving
Eastern Time on Tuesday (November 8), the 2022 midterm elections in the United States will be officially held. Although this round of elections has nothing to do with the position of president, the election results will determine the bipartisan influence in the US Congress in the next two years, thereby affecting the direction of US politics. Some polls show that Republican has an advantage not only in the House election, but may also have a chance to control the Senate, which will give them the power to block Biden’s legislative agenda over the next two years. However, Biden remains firmly convinced that the Democratic Party may "go against the trend" and show voters its policies boost the economy. While he also said that he is planning to hold talks with oil companies and discuss high oil prices and record profits of .
quits for the first time after hiking interest rates ! Fed Four senior officials: The pace of interest rate hikes slowed down, but the peak may exceed 5%
After the Fed raised interest rates in November, Fed officials spoke intensively. Richmond Fed Chairman Barkin said that in order to reduce inflation to its target level, the Fed needs to take all necessary measures, which may push the interest rate peak to more than 5%. Minneapolis Fed President Neel Kashkari said the latest job report shows that the hiring situation is "very strong", which may lead to a "higher" interest rate peak. Chicago Fed Governor Evans expects the Fed's peak interest rate level to "below" the September dot chart forecast. Boston Fed Chairman Collins warned that it is too early to judge how high interest rates should reach, and the possibility of another large rate hike cannot be ruled out.
Anti-inflation has become a "long-term war"? Morgan Stanley : The Fed may be willing to let the economy slow down for 3 years
Morgan Stanley Global Chief Economist Seth Carpenter said that if necessary, the Fed may be prepared to allow the economic slowdown to continue until around 2025 to reduce inflation to its target level of 2%. He noted that the Fed's move toward a more gradual austerity may mean that it now tends to curb price surges over a longer period of time rather than achieving that by triggering a short-term but severe recession.
"Cash is king" Bank of America: Funds are pouring into cash funds
Bank of America released a research report showing that due to the current market volatility and doubts about the outlook for US interest rates, investors are fleeing to cash investment fund (cash fund) at the fastest speed since the new crown pandemic. Bank of America cited EPFR Global data to point out that cash funds inflows reached $62.1 billion in the week ended November 2, reflecting investors' demand for safe-haven dollars, an asset class that has attracted $194 billion inflows since the fourth quarter.
numbers come out! Since the Russian-Ukrainian conflict, U.S. crude oil producers have made $200 billion
According to statistics from SP Global Commodity Insights, the total net profit of listed oil and gas companies operating in the United States reached $200.24 billion in the second and third quarters of this year, the six most profitable months on record in the U.S. oil and gas industry.U.S. liquefied natural gas operators are expected to earn $59 billion this year, double the year, easily making up for the $45 billion loss between 2013 and 2020.
Trump is about to return? It is said that it will "officially announce" to participate in the 2024 election on November 14
According to foreign media quoted three sources, the core team of former US President Trump is discussing that it may announce the launch of the 2024 presidential election on November 14. It is rumored that after Trump officially announced his election, his team may begin a series of political activities.
US stocks review
Last Friday, the U.S. stock index ended four consecutive declines in the late trading, and the popular Chinese stocks rose four consecutive rises
Last Friday, the U.S. stocks opened high and then fell and turned to a decline. The three major indexes returned to the upward trend in the late trading, and collectively closed up to end the daily line four consecutive declines. As of the close, the Dow Jones Industrial Average rose 1.26%, the S&P 500 rose 1.36%, and the Nasdaq rose 1.28%.
technology stocks both fell sharply last week, Netflix fell nearly 12%, Apple fell more than 11%, Alphabet fell more than 10%, Tesla fell more than 9%, Meta fell more than 8%, Microsoft fell more than 6%. Chinese stocks outperformed the market in four days. On Friday, Bilibili rose by more than 22%, NIO rose by nearly 18%, Xiaopeng Motors rose by nearly 15%, and JD rose by nearly 10%.
"Big Bear" is also unstoppable. Berkshire lost nearly $2.7 billion in Q3
On Saturday morning local time, $Berkshire-A (BRK.A.US)$ disclosed its latest third-quarter financial report. After a huge loss of US$43.76 billion in the second quarter, the company lost another US$2.7 billion in the third quarter. The reasons behind it are the losses of its investment portfolio. Berkshire spent $1.05 billion on stock repurchases in the third quarter, basically the same as the pace in the second quarter, making the overall repurchases of $5.25 billion in the first nine months of this year. Its cash level rose slightly to about $109 billion, up slightly from $105.4 billion at the end of June.
related reading: Overwhelming the screen on weekends! The first three quarters lost $41 billion, and Buffett is under pressure. What is the logic behind increasing investment in energy and insurance?
Apple: It is expected that the shipment of iPhone 14 Pro series mobile phones will be lower than the previous expectations
According to media, $Apple (AAPL.US)$ is expected to decrease the shipment of iPhone 14 Pro and iPhone 14 Pro Max, and the delivery waiting time will be extended. Working closely with suppliers to return to normalcy.
It is said that Meta will launch the first large-scale layoffs in history, with thousands of people losing their jobs
People familiar with the matter said that Facebook parent company $Meta Platforms (META.US)$ plans to lay off large-scale workers starting this week, which will affect thousands of employees. This may be the largest round of recent layoffs after the technology industry achieved rapid growth during the epidemic. Meta's cuts are expected to affect thousands of employees, with plans announced as early as Wednesday, people familiar with the matter said. The layoffs in this plan will be the first large-scale layoff in Meta's 18-year history,
Tesla humanoid robot debuted in China, and there are two new cars debuted at the CIIE,
On November 5, as an exhibitor that has been on stage for five years, at the 2022 CIIE, $TSLA (TSLA.US)$ unveiled a "technology suit": not only the S3XY series models were exhibited at the domestic booth for the first time, but also brought the latest AI intelligent achievements and sustainable energy architecture. Tesla Bot can complete actions such as walking, going up stairs, squatting, and picking objects in a short time. It can not only withstand about half a ton of heavy objects, but also complete high-precision actions such as grabbing light and thin objects and operating mechanical devices. The newly-faced Model S Plaid and Model X Plaid are debuting in China for the first time.
self-developed baseband chip is not good, Apple iPhone 15 will continue to use Qualcomm chip
$QCOM (QCOM.US)$ told investors on the fourth quarter earnings call that it is expected to continue to provide modem chips for the "overwhelming majority" iPhone models in 2023. Qualcomm had planned to provide only about 20% of the 5G modem components for the new iPhone by 2023, and now Qualcomm is expected to maintain its current supply.
Musk took over Twitter A week: Advertisers "escape" one after another, and their revenues were said to have dropped sharply
On Friday (November 4), local time, Musk complained on $Twitter (TWTR.US)$ that Twitter's revenue dropped sharply due to pressure from radical groups on advertisers. Musk said: "Although there has been no change in the content review and we have tried our best to appease them, the performance has still declined."
U.S. stock turnover last Friday TOP20
Hong Kong market forward-looking
North Water buys Tencent nearly 1.7 billion Hong Kong dollars, and last week's cumulative increase of more than 8.1 billion Hong Kong dollars
On Friday (November 4), southbound funds net bought Hong Kong shares 6.047 billion Hong Kong dollars. Tencent Holdings, WuXi Biologics and Meituan-W received net purchases of HK$1.663 billion, HK$789 million and HK$625 million respectively. Hang Seng Chinese companies ranked first in net sales, with an amount of HK$397 million.
It is worth noting that southbound funds increased their holdings in Tencent for about HK$8.121 billion last week, and have been net buying in Tencent for 44 consecutive days so far since August 25, with a cumulative cost of approximately HK$35.277 billion.
performance is impressive and it can’t stop it? Buffett continues to reduce his holdings of BYD H shares nearly 2.1 billion HK$
According to data from the Hong Kong Stock Exchange, Buffett's Berkshire Hathaway has continued to reduce his holdings of $ BYD shares (01211.HK)$ in the past two months, with a total reduction of 10.375 million shares, involving approximately HK$ 2.1 billion.
Picture Note: Buffett's Berkshire Hathaway continues to reduce its holdings in BYD shares in the past two months
Great Wall Motors : October new energy vehicle sales 10,954 units
$Great Wall Motors (02333.HK)$ announcement, 10,954 units were sold in October, and a total of 107,870 units were sold in January-October; 21,052 units were sold overseas, and a total of 132,796 units were sold in January-October.
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Keywords: US stocks enter winter, Palantir/BioNTech announced performance, new stock Xintai Medical announced winning results
In terms of economic data on Monday, China's foreign exchange reserve data in October.
Previous data showed that as of the end of September, China's foreign exchange reserves were US$3029 billion, down US$25.9 billion from the end of August, a decrease of 0.85%. In terms of financial report, companies such as $Palantir Technologies (PLTR.US)$, $BioNTech (BNTX.US)$ and other companies will announce their results. In terms of new stocks of
, $Xintai Medical (02291.HK)$ announced the winning results; $Xunshi Gas (01407.HK)$ ended the subscription.
It is worth noting that North America will implement winter time at 3 pm Beijing time (Sunday) November 6, Beijing time, and the trading time of the US financial market will be delayed by one hour compared to daylight saving time .
US stock trading time is adjusted to 22:30-05:00 (Beijing time);
pre-market trading is 17:00-22:30 (Beijing time);
after-market trading is 05:00-09:00 (Beijing time);
US futures trading will be delayed by 1 hour overall.
Related reading: When the US stock market enters winter next week, opens closes delayed by one hour
Niu Niu Chen Reading:
When some large companies temporarily experience crisis or stock markets fall and profitable trading prices appear, they should buy their stocks without hesitation.
——Buffett
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