[Running around the world] Hong Kong stocks have revived, and China has surged. Is it a good time to get on the market?

After many days of sharp decline, investors have finally been waiting for good news that has been lost for a long time today!!

US stocks collectively closed higher last night: out of the four constituent stocks of the Nasdaq 100,$JD.com (JD.US)$、$PDD Holdings (PDD.US)$、$NetEase (NTES.US)$It closed up nearly 7.1%, nearly 7%, and 3.8%, respectively. Among other popular securities,$Kingsoft Cloud (KC.US)$An increase of more than 25%,$New Oriental (EDU.US)$An increase of more than 22%,$Bilibili (BILI.US)$、$Tencent Music (TME.US)$、$Li Auto (LI.US)$The increase was more than 10%.

Today, Hong Kong stocks even staged a Jedi rebound.$Hang Seng Index (800000.HK)$Back above 20,000 points.$Hang Seng TECH Index (800700.HK)$At one point, it rose by more than 20%, the biggest intraday gain since the index was launched.$TENCENT (00700.HK)$、$BABA-W (09988.HK)$Both increased by more than 20%,$MEITUAN-W (03690.HK)$、$JD-SW (09618.HK)$、$KUAISHOU-W (01024.HK)$Both increased by more than 28%.

Seeing this grand event, countless people who have been emo in the deep pit for a long time said, “Seeing these skyrocketing numbers, let me first pick whether I'm dreaming

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Seeing this situation, many impatient friends began to ask questions:Exactly what mysterious force is driving this wave of backlash? Is now a good time to get in the car?

What do you think of today's surge? Also, listen to the details of Xiaobu for you

What major event happened today?

Today, the Financial Stability and Development Commission of the State Council held a special conference to study the current economic situation and capital market issues. The meeting was presided over by Liu He, member of the Political Bureau of the CPC Central Committee, vice-premier of the State Council, and director of the Financial Services Commission. Comrades in charge of relevant departments attended the meeting.

The conference emphasized that relevant departments should effectively assume their responsibilities, actively introduce policies favorable to the market, and carefully introduce contractionary policies. Respond promptly to the hot issues that the market is concerned about. Any policy that has a significant impact on the capital market should be coordinated with the financial authorities in advance to maintain the stability and consistency of policy expectations. Long-term institutional investors are welcome to increase their shareholding ratio. All parties must deeply understand the significance of “two establishment”, resolutely implement “two maintenance,” maintain the long-term trend of China's healthy economic development, and jointly maintain the stable development of the capital market.

regardingChina-Generated Shares, he said:Currently, the regulators of China and the US have maintained good communication, made positive progress, and are working to form specific cooperation plans. The Chinese government continues to support all types of enterprises to go public overseas. Regarding the stability of the financial market in Hong Kong, the supervisory authorities of the Mainland and Hong Kong should strengthen communication and collaboration.

Furthermore, according to the Securities Daily, the US Public Company Accounting Supervisory Board (PCAOB) said that the Commission is maintaining active communication with Chinese regulators and has held many talks recently. The two sides are committed to reaching a cooperation agreement so that it can inspect mainland China registered in the US and some Hong Kong auditors firms doing business in the mainland. The heads of relevant departments of the China Securities Regulatory Commission also responded positively to this, expressing their belief that through joint efforts, the two sides will be able to make cooperation arrangements that meet the laws, regulations and regulatory requirements of the two countries as soon as possible, so as to jointly protect the legitimate rights and interests of global investors and promote the healthy and stable development of the markets of the two countries.

How are we facing this adjustment now?

After calming down from the joy of today's surge, many investors and friends began to think:Have the policy, operation, and valuation risks of the Chinese internet giants been fully unleashed? Is the market overreacting?

Regarding the future market judgment, Zhao Yaoting, a global market strategist for Jingshun Asia Pacific (excluding Japan), believes that in the future, it is expected that more Chinese securities will be included in the list, and there are still many favorable factors in the market, including the central government's continued injection of liquidity into the market, improvements in the domestic housing credit situation, and the adoption of more active fiscal policies in local policies.

Marko Kolanovic, chief stock strategist at J.P. Morgan Chase, also said that for investors, one potentially huge opportunity is Chinese stocks. “China's “early stimulus measures, economic restart, and relative isolation from current global geopolitical hot spots” mean investors should increase their holdings of Chinese stocks.”

In addition to Tencent's sharp decline, Duan Yongping, a well-known investor who was still firmly optimistic about Tencent and claimed to “sell apples to buy Tencent,” Duan Yongping, who said “sell apples to buy Tencent,”The pool of institutions and investors that bullish the Chinese stock market is getting bigger and bigger.

At the same time, some institutions and investment leaders are still cautious about this, believing that the subsequent development of the market will have to be further tested.

Hong Wei, managing director and chief strategist of BOC International, said that the current transaction has nothing to do with fundamentals; everyone is preparing a worst expectation (some capital is being sold off). Now it's not about how strong or weak the fundamentals are, because now the market is completely influenced by sentiment. Haitong International also believes that whether the Internet industry can reverse its plight in the future still requires further observation of policy implementation.

The above is an interpretation of the hot topics that Xiaobu brought to you today. At this point in time, can Hong Kong stocks continue to soar? Will China Securities be able to see the light again from now on? ... Perhaps no one can come to a conclusion at this point. However, keep focusing on hot frontiers and broadening the horizons of knowledge. Xiaobu believes that if you are interested, you will definitely seize real good opportunities

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Reference source:
State Council: The Chinese government continues to support various types of enterprises to go public overseas
Discussion: Hong Kong stocks sounded the trumpet of counterattack. When will they get out of their darkest hour?

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